Entrepreneurs in the New Economy

Published: May 23, 2011

I would not be mistaken if I said that being an entrepreneur means identifying the challenges you have in your life and finding creative ways to solve them.  That does not necessarily mean starting your own business.

However, the role of an entrepreneur in the knowledge economy is to be able to identify fundamental building blocks of nascent technologies. As Sean Parker put it, “it’s technology, not business or government, that’s the real driving force behind large-scale societal shifts.” Sean, for example, sees his role as “re-architecting society”. This surely requires being erudite and able to see a holistic view: how can these technologies be integrated to supplement each other? What value will this bring to consumers? Will they pay for it? The questions can pour endlessly but it is the journey of finding the answers what matters.

It takes a lot of resilience to be an entrepreneur. A characteristic to bounce back is a major one, especially in the new economy where all kind of complexities have to be tackled and solved.

Joins us at CIP Forum 2011 to share your thoughts on what entrepreneurial mindsets are defining this decade.

Recommended:

  1. This movie tells “the story of the creation of an industry that went on to become the single greatest engine of innovation and economic growth in the 20th century” –  http://somethingventuredthemovie.com/
  2. About the need for “venturesome” consumers – “Innovative Consumption” http://www.newyorker.com/talk/financial/2011/05/16/110516ta_talk_surowiecki
  3. “The Thank You Economy” by Gary Vaynerchuk –  http://www.amazon.com/Thank-You-Economy-Gary-Vaynerchuk/dp/0061914185

 

Artūras Vedrickas, class of ICM 2011

 

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