March 24, 2009 by John Mackey
Entrepreneurship has had an incredible impact on the lives of every American. Many companies considered household names, such as Google and Facebook, were created with the entrepreneurial spirit in mind. But what is entrepreneurship? I will define it as individuals who find creative solutions to unrecognized problems. Salesforce.com for example, uses customer relationship management and cloud computing as an innovative solution to the time and expense of information technology management.
A recent article, “The United States of Entrepreneurs” in The Economist notes the appeal of entrepreneurship. In fact, entrepreneurs accounted for over 8 million new companies, $32 billion in raised capital, and hundreds of thousands of new jobs in 2008. Many attribute this success to the close relations between universities and industry in the United States. How do universities further leverage this relationship?
The United States may be the keystone of the entrepreneurial world, but many countries are gaining ground. Specifically, China and India are shifting educational resources to produce college graduates with entrepreneurial values. How does the United States keep this edge? What can universities do to further enhance entrepreneurial spirit? And perhaps the simplest question, what is the most effective way to teach entrepreneurship?
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In fact, entrepreneurs accounted for over 8 million new companies, $32 billion in raised capital, and hundreds of thousands of new jobs in 2008. Many attribute this success to the close relations between universities and industry in the United States.
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