The role of entrepreneurship in aiding economic growth has earned increasing appreciation of late, not least in the wake of the global financial crisis. A standard Google search for “entrepreneur” returns 117,000,000 hits, while a cursory scroll through Google News’ entries throws up President Obama’s keynote American Jobs Act speech and though leading economists cannot agree on whether Europe lies in recession at the moment, all point to a lack of economic growth as a cause of woe. Rarely overlooked in recent years, entrepreneurship’s importance is now essentially beyond dispute.
[This article has been reproduced with permission from IMD, a leading business school based in Switzerland. http://www.imd.org]