Engrepreneurship is one of the driving forces of the modern global economy. It is a primary source of job creation, prosperity, and economic competitiveness. But although the effects of entrepreneurship on economic progress are widely recognized, there is little understanding of how best to promote it. In this Monitor Group paper, the authors' key findings are:
- Although most research on entrepreneurship policy occurs at the national level, entrepreneurship is in critical ways a local phenomenon.
- Surveys of entrepreneurs around the world indicate that much conventional wisdom about these policy areas is misleading or simply wrong.
The authors then leverage those findings to prescribe a series of key activities and policies that leaders can leverage to promote entrepreneurship, enhance prosperity, and create job growth.