What gets me about the academic contribution to entrepreneurship is that the educational system just does not get it. “MBA” (My Big Achievement) programs are taught using predictive reasoning while most entrepreneurial successes are based on the inverse of this. For instance predictive reasoning assumes there is some pre-determined goal and a given set of means to get there, seeking to identify the most optimal route to get there.
Now ordinarily this is perfect for a developed corporation, or a start-up (after the fact), but not for an entrepreneurial start-up. There is a time for a manager, but it is rarely at the early stages of the venture. In many cases there is no elaborate plan. There may have been a pre-determined goal in the business plan, but without the means to get there the Entrepreneur must achieve the most optimal outcome by accumulated means available which usually includes what is known and who is known.
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Following on from my a Twitter comment, I posted this in the “Re-Imagine Ireland Inc” discussion on LinkedIn.com. A small idea with a big reach. I refer to Enterprise Ireland and IDA, but SFI and scientific outreach facilities could equally make use of this facility
One of the most valuable resources that Enterprise Ireland and indeed the IDA have is the 33 or so commercial development offices around the world. This innovation back in the 80’s has yielded a significant return on the investment of those offices in bringing Ireland hundreds of thousands of jobs. This was ahead of its time and still plays a major role in FDI and indigenous companies expansion programs.
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