Scale Up®: How Entrepreneurship Ecosystems Are Stimulating Economic Growth Around The World

Overview

Since 2010, startup movements have captured the world’s imagination, but have not delivered on tangible economic impact. Recently, in large part through the leadership of the Babson Entrepreneurship Ecosystem Project (BEEP), economic regions are successfully applying growth methodologies to stimulate rapid scale up of regional companies of all ages and sectors. Furthermore, these public and private leaders are exploiting that new growth to change their cultures and structures to support more and more scale up.

The question is, how do scale up projects work? In part, they educate entrepreneurs, other stakeholders, and public-private leaders. They also impact culture change through methods impacting norms around growth, risk and success. Lastly, they demonstrate how a rapidly increasing number of companies seeing growth is beneficial to a broad variety of stakeholders. Once the stakeholders experience those benefits directly, they can be taught how to support and stimulate further growth. Creating these positive feedback loops is an essential part of the BEEP scale up methodology.

This 30 minute presentation will examine areas that each Scale Up® project have in common, including how they balance short vs. long-term results, proven methods for communicating and sharing the benefits of rapid economic growth, and assessing how the path towards growth affects long-term growth impacts.

About the Presenter

Xinghua Li Dan Isenberg (@danisen) is founding executive director of the Babson Entrepreneurship Ecosystem Project, Associate at the Harvard Kennedy School of Government, and Adjunct Professor at Columbia Business School. From 1981-7 and 2005-9 Dan was a professor at the Harvard Business School, and in the interim (1987-2005) was an entrepreneur and venture capitalist in Israel. Dan authored Worthless Impossible and Stupid: How Contrarian Entrepreneurs Create and Capture Extraordinary Value (Harvard Business Review Press 2013), published over 30 online and print articles on entrepreneurship in the Harvard Business Review, and has been featured in the Economist, Forbes, NPR, Bloomberg, Quartz, Wall Street Journal, Financial Times, etc. Dan has been a pioneer in the concept and development of entrepreneurship ecosystems, and he launched and directs Manizales-Mas and Scale Up Milwaukee. Between 2009-2013 Dan was active in the World Economic Forum and conducted Forum events in Davos, Africa, Europe, and China. In 2012 Mikhail Gorbachev awarded Dan the Pio Manzu Award for "Innovations in Economic Development." At Babson Executive Education, Dan created and directs the 3-day program, Driving Economic Growth Through Entrepreneurship Ecosystems. He holds the Ph.D. degree in social psychology from Harvard University, received under the mentorship of Robert Freed Bales. He lives in Boston and in his home town of Woods Hole, Massachusetts, and has 4 grown children. Dan enjoys salsa dancing (On2), jazz, collecting wine, and not-catching-fish (at which he excels); nevertheless, he is most excited about spending time with his kids (one of whom is an entrepreneur) and his granddaughter, helping his angel investments grow, and being continually surprised by what entrepreneurs around the world can accomplish. Dan is currently publishing two books of children's stories.