Fueled in part by the 2008 economic crisis, in part by geopolitical discontinuities, and in part by surprising examples of economic growth, a global consensus is emerging among world leaders that entrepreneurship is a key strategy—some would say, the key strategy—for regional economic growth and development. We see high profile programs encouraging entrepreneurship in almost every major city, region, and country. However, a painful gap exists between public leaders’ new commitment to entrepreneurship and their regions’ abilities to intentionally create programs and processes that will systematically and measurably stimulate entrepreneurial growth.
In July 2010, the Harvard Business Review published an article by Professor Daniel Isenberg entitled, “How to Start an Entrepreneurial Revolution.” In this article, Isenberg describes the environment in which entrepreneurship tends to thrive. Drawing from examples from around the world, the article proposes that entrepreneurs are most successful when they have access to the human, financial, and professional resources they need, and operate in an environment in which government policies encourage and safeguard entrepreneurs. This network is described as the entrepreneurship ecosystem.
“The amount of information, knowledge, and takeaways during just two and a half days of Driving Economic Growth was extraordinary.”
— Qusay al-Arayedh, senior manager, Tamkeen
“Babson has given me great resources to create opportunities in my region at the intersection of theory and real-life implementation.”
— Brian Schupper, director of policy, Greater Milwaukee Committee
Driving Economic Growth Through Scale Up Ecosystems is designed for public and private sector regional leaders including director generals, program directors, agency managers, private sector and civic leaders, and other formal and informal leaders who seek to create and implement entrepreneurship ecosystems in their societies.
About the Faculty Director
Dr. Daniel Isenberg is Professor of Entrepreneurship Practice at Babson Executive and Enterprise Education. Since 1981, Professor Isenberg has taught at Harvard, Columbia, INSEAD, and the Technion, and has been an entrepreneur and venture capitalist in Israel, and has been an angel investor in more than 10 countries.
Professor Isenberg is a frequent participant at Davos and the G20 and blogs for HBR, Huffington Post and others. In 2009, he established the Babson Entrepreneurship Ecosystem Project (BEEP) to help societies around the world create the policies, structures, programs, and climate that foster entrepreneurship.
In this capacity, he has conducted projects in numerous countries, including Colombia, Brazil, Denmark, Canada, and the United States. Daniel has published several seminal articles in the Harvard Business Review, including “Entrepreneurs and the Cult of Failure,” “How to Start an Entrepreneurial Revolution,” and “The Global Entrepreneur.” He is also the author of the Harvard Business Review Press book, Worthless, Impossible, and Stupid: How Contrarian Entrepreneurs Create and Capture Extraordinary Value. Daniel holds a Ph.D. in social psychology from Harvard University. In 2012, Professor Isenberg was awarded the Pio Manzu Gold Medal for “pioneering and innovative work in economic development,” signed by Mikhail Gorbachev.
Other Program Faculty Include:
Vincent “Vini” Onyemah teaches Marketing Management, Business Development, Professional Selling, and Sales Force Management. Prior to joining Babson College, he taught at Boston University and Lagos Business School. He started two companies and worked in industry before pursuing his academic career. Professor Onyemah has more than 15 years of practical selling experience, starting when he was 12 years old in Nigeria working for his parents, and including work as independent sales agent in Europe. He has taught and conducted consulting projects in about 20 countries in Africa, Europe, the Middle East, Latin America, and North America. He also consults for the IFC/ World Bank and teaches in several international Executive Education programs.
Sherry Coutu serves on the board of companies, charities, and universities. She chairs Founders4Schools and is a nonexecutive member of Cambridge University (Finance Board), Cambridge Assessment, Cambridge University Press, Raspberry Pi, Zoopla, and the London Stock Exchange Group. She also serves on the Advisory Board of Linkedin.com and HBS European Advisory Board. Sherry is author of the ScaleUp report on UK Economic Growth, which was commissioned by the UK Government and a number of other papers on the subject of scaling up and is exploring “national and city dashboards” to be able to measure the degree to which a country can track, on a national basis, the degree to which their startup and scale-up policies are being effective.
Anders Hoffmann serves as Deputy Director General at the Danish Business Authority. He holds a Ph.D. in Economics. Mr. Hoffmann has most recently been employed as a Senior Economist with the OECD supervising a team of economists and statisticians and coordinating activites related to micro-policy benchmarking. Prior to this Mr. Hoffmann served in various leadership positions with the Danish Ministry of Trade and Industry. He has published articles in several major journals including Journal of International Economics at the Copenhagen Business School.
Bill Kerr is a professor at Harvard Business School and Faculty Chair of the Launching New Ventures program for executive education. Bill works with companies worldwide on the dvelopment of new ventures and transformations for profitable growth. He also advices governments about investments in the innovative capacities of their nations.