Ken Phillips (Exec. Dir.) and the team at “>Click here for the full article:

Some of Simon’s observations include:

“… entrepreneurial economies [are] based on knowledge and ideas rather than economies of scale.”

“There are big differences between the former industrial ‘managed’ economies and the new ‘entrepreneurial’ economies.”

“One outcome is that, while a managed economy favours large businesses and corporate managements, an entrepreneurial economy offers more advantages for small businesses and more opportunities and rewards for entrepreneurs.”

“Although there may be clear signs that the successful economies of the future will be entrepreneurial economies, a lot of our thinking has not caught up with this and is still derived from assumptions which were more appropriate to the earlier second-wave Fordist era when big business ruled.”…

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