How do men and women small business owners approach innovation differently? That’s one of the questions the United Nations Conference on Trade and Development is seeking to answer through a six-country study that’s going on as we speak—as one of the organizers of the study, I’m looking for entrepreneurs in the U.S., both male and female, who can take a few minutes to participate in an online survey.
Business creation has long been known as a driver of economic growth, and new firm formation is often seen as an indicator of a healthy and growing economy. New firms challenge the status quo with new ideas or innovative approaches to existing market needs, forcing incumbent firms to either improve their products and processes or be overtaken in the marketplace. In this process of economic natural selection, only the fittest firms remain, and economic growth is stimulated.
Yet, it is increasingly recognized that one size does not fit all in terms of economic policy and enterprise support: targeted and proactive policy and programmatic support is needed to foster small firm formation and innovation in particular. There is also a growing recognition that fostering small firm formation in general does not ensure economic self-determination and opportunity for all. Women and other socially excluded groups are often left behind if an “open for all” approach is taken in business development.
To read the full, original article click on this link: Calling All Entrepreneurs: Participate in a UN Survey on Entrepreneurship and Innovation | Xconomy
Author: Alicia Robb
