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Why	
  Entrepreneurship	
  
Matters	
  
What	
  is	
  entrepreneurship?	
  
While	
  there	
  are	
  many	
  definitions	
  of	
                   Thanks	
  to	
  our	
  friends	
  at	
  Pop!Tech	
  (via	
  Flickr)	
  
entrepreneurship	
  that	
  focus	
  on	
  
disruption,	
  innovation,	
  or	
  rate	
  of	
  
growth,	
  CSW	
  takes	
  a	
  broader	
  view.	
  We	
            Leaders	
  who	
  want	
  their	
  communities	
  
think	
  of	
  entrepreneurship	
  as	
  the	
  start	
             to	
  thrive	
  will	
  consider	
  ways	
  to	
  grow	
  
(or	
  participation	
  in	
  the	
  start)	
  of	
  a	
  new	
     the	
  number	
  of	
  people	
  who	
  are	
  
commercial	
  or	
  social	
  enterprise,	
  or	
  a	
              creative	
  thinkers	
  and	
  innovators,	
  while	
  
change	
  in	
  the	
  way	
  of	
  doing	
  business	
  or	
       at	
  the	
  same	
  time	
  promoting	
  better	
  
thinking	
  within	
  an	
  established	
                           understanding,	
  processes,	
  and	
  
enterprise.	
  	
  	
                                               pathways	
  to	
  facilitate	
  turning	
  new	
  
                                                                    product	
  or	
  service	
  concepts	
  into	
  viable	
  
This	
  definition	
  embraces	
  all	
  phases	
  of	
             enterprises.	
  Every	
  community	
  has	
  this	
  
development	
  and	
  considers	
  both	
                           potential.	
  Today,	
  more	
  than	
  ever,	
  we	
  
those	
  who	
  start	
  new	
  ventures	
                          must	
  work	
  together	
  to	
  realize	
  it.	
  
(entrepreneurs)	
  and	
  those	
  who	
  work	
  
within	
  existing	
  organizations	
  but	
                        How	
  Can	
  Communities	
  Better	
  
towards	
  new	
  products	
  or	
  processes	
  
(intrapreneurs).	
  	
  	
                                          Support	
  Entrepreneurship?	
  	
  
Entrepreneurship	
  in	
  its	
  many	
  forms	
  is	
              Most	
  communities	
  offer	
  programs	
  and	
  
an	
  important	
  source	
  of	
  economic	
                       resources	
  to	
  support	
  new	
  business	
  
dynamism,	
  innovation,	
  diversity,	
                            development,	
  but	
  there	
  are	
  often	
  
employment,	
  and	
  quality	
  of	
  life.	
                      important	
  gaps	
  including:	
  understanding	
  
Whether	
  focused	
  on	
  technology	
  or	
                      the	
  assets	
  communities	
  have	
  in	
  place	
  to	
  
lifestyles,	
  new	
  ventures	
  are	
  an	
                       help	
  businesses	
  start,	
  grow	
  and	
  
essential	
  ingredient	
  in	
  economic	
                         transform	
  (asset	
  mapping);	
  engaging	
  
development	
  and	
  transformation.	
                             stakeholders	
  (businesses,	
  technical	
  
                                                                    assistance	
  providers,	
  investors,	
  etc.)	
  in	
  
                                                                    enterprise	
  success	
  (networking);	
  and	
  
Why	
  is	
  Entrepreneurship	
  So	
                               growing	
  entrepreneurial	
  culture,	
  
Critical?	
                                                         whether	
  in	
  the	
  classroom	
  or	
  the	
  
We	
  care	
  about	
  entrepreneurship	
                           boardroom.	
  	
  
because	
  we	
  know	
  that	
  agile,	
  
innovative,	
  diverse	
  communities	
  are	
                      Asset	
  Mapping	
  
the	
  ones	
  that	
  will	
  prosper	
  today	
  and	
            In	
  most	
  communities,	
  there	
  are	
  
be	
  best	
  positioned	
  to	
  continually	
                     multiple	
  organizations	
  supporting	
  
reinvent	
  themselves	
  thereafter.	
                             entrepreneurs.	
  	
  Unfortunately,	
  we	
  
Entrepreneurial	
  communities	
  tend	
  to	
                      have	
  learned	
  not	
  just	
  from	
  analysts	
  
support	
  the	
  greatest	
  professional	
  and	
                 and	
  researchers	
  but	
  from	
  service	
  
personal	
  options	
  for	
  their	
  residents	
                  providers	
  themselves	
  about	
  new	
  
and	
  offer	
  the	
  most	
  desirable	
                          businesses	
  that	
  cannot	
  find	
  the	
  help	
  
opportunities	
  to	
  live,	
  work,	
  learn,	
  and	
            they	
  need	
  or	
  that	
  fall	
  through	
  the	
  
play	
  –	
  sustainably.	
  	
                                     cracks	
  because	
  the	
  business	
  support	
  
                                                                    organizations	
  do	
  not	
  know	
  where	
  to	
  
refer	
  a	
  company	
  for	
  services	
  they	
             that	
  stakeholders	
  can	
  organize	
  around	
  
themselves	
  do	
  not	
  provide.	
  	
  	
                  key	
  issues	
  (learn),	
  identify	
  resources	
  
                                                               than	
  can	
  enable	
  change	
  (link),	
  and	
  
Communities	
  facing	
  this	
  challenge	
  
                                                               then	
  take	
  action	
  (launch).	
  
would	
  benefit	
  from	
  asset	
  mapping.	
  
This	
  means	
  collecting	
  information	
  that	
           Culture	
  
helps	
  community	
  leaders,	
  policy	
  
makers,	
  program	
  directors,	
  and	
                      In	
  nearly	
  every	
  circle	
  we	
  travel,	
  CSW	
  
businesses	
  themselves	
  understand	
                       has	
  heard	
  the	
  mantra,	
  “culture	
  trumps	
  
who	
  already	
  supports	
  entrepreneurs,	
                 policy.”	
  	
  And	
  culture	
  change	
  is	
  hard.	
  
how	
  they	
  do	
  this,	
  and	
  what	
  the	
             We	
  know	
  that	
  no	
  matter	
  what	
  
services	
  in	
  the	
  community	
  look	
  like	
  on	
     initiatives	
  communities,	
  government,	
  
a	
  continuum.	
  	
                                          or	
  others	
  take,	
  if	
  people	
  do	
  not	
  
                                                               embrace	
  the	
  directional	
  change,	
  the	
  
Linking	
  Assets	
                                            effort	
  will	
  fall	
  flat.	
  	
  
                                                               CSW	
  strives	
  to	
  approach	
  its	
  research,	
  
Many	
  communities	
  develop	
  maps	
  of	
  
                                                               initiative	
  development,	
  and	
  policy	
  
their	
  systems	
  in	
  the	
  form	
  of	
  reports,	
  
                                                               work	
  with	
  an	
  understanding	
  of	
  
spreadsheets	
  or	
  other	
  documents.	
  
                                                               community	
  culture	
  and,	
  where	
  
CSW	
  is	
  developing	
  an	
  approach	
  that	
  
                                                               needed,	
  works	
  with	
  communities	
  to	
  
combines	
  data	
  collection	
  with	
  social	
  
                                                               create	
  cultural	
  alternatives.	
  	
  	
  
networking	
  –	
  WeToo.org.™	
  The	
  
approach	
  entails	
  inventorying	
  
entrepreneurship	
  service	
  providers	
                     “Moving	
  Needles”	
  
and	
  collecting	
  information	
  from	
  the	
              We	
  do	
  this	
  by	
  assessing	
  attitudes	
  and	
  
providers	
  using	
  a	
  web-­‐based	
  profiling	
          developing	
  strategies	
  to	
  move	
  the	
  
system.	
  	
                                                  needle	
  on	
  important	
  community	
  
Connecting	
  asset	
  mapping	
  with	
                       metrics	
  –	
  within	
  and	
  across	
  
strategies	
  to	
  align	
  stakeholders	
  and	
             communities	
  and	
  institutions,	
  in	
  
systems	
  will	
  be	
  increasingly	
  important	
           neighborhoods,	
  communities	
  regions.	
  
as	
  communities	
  become	
  more	
                          Examples	
  of	
  such	
  activities	
  include:	
  	
  
connected,	
  increasingly	
  technology-­‐                         Engaging	
  people	
  and	
  institutions	
  
rich,	
  and	
  agile.	
                                             to	
  collectively	
  identify	
  and	
  own	
  
                                                                     issues	
  and	
  solutions;	
  
Network-­‐based	
  Stakeholder	
                                    Documenting	
  current	
  realities	
  and	
  
Engagement	
                                                         presenting	
  cultural	
  alternatives;	
  
It	
  takes	
  more	
  than	
  data	
  to	
  align	
                Aligning	
  systems	
  to	
  enable	
  more	
  
systems.	
  Achieving	
  organizational	
  or	
                      effective	
  collaboration;	
  	
  
community	
  change	
  requires	
  deliberate	
  
and	
  sustained	
  effort	
  across	
  many	
                      Conducting	
  research	
  and	
  data	
  
community	
  networks.	
  Analyzing	
  these	
                       analysis	
  that	
  helps	
  informed	
  
networks	
  –	
  and	
  not	
  just	
  the	
  formal	
               decision-­‐making	
  and	
  consensus	
  
organizational	
  structure	
  –	
  is	
  an	
                       building;	
  and	
  
important	
  part	
  of	
  change	
  efforts.	
  This	
             Promoting	
  innovation	
  at	
  the	
  
analysis,	
  in	
  turn,	
  can	
  inform	
  the	
                   margins	
  –	
  encouraging	
  self-­‐
development	
  of	
  initiatives	
  designed	
  to	
                 organized	
  activities	
  (barcamp,	
  
incent	
  collaboration	
  and	
  align	
  systems,	
                unconferences,	
  etc.)	
  and	
  
programs,	
  and	
  services.	
  	
  	
                              promoting	
  entrepreneurial	
  
CSW	
  uses	
  its	
  Learn,	
  Link	
  Launch©	
                    activities	
  that	
  normalize	
  
approach	
  to	
  connect	
  these	
  disparate	
                    experimenting	
  and	
  build	
  
pieces.	
  We	
  work	
  with	
  leaders	
  to	
  help	
             innovation	
  capacity.	
  	
  
make	
  clear	
  their	
  initiative	
  goals,	
  so	
  

	
  
	
  
                                                                                                      	
     	
   2	
  
The	
  Future	
                                                            	
  
We	
  see	
  important	
  (and	
                                           	
  
interconnected)	
  trends	
  that	
  make	
                                We	
  are	
  excited	
  about	
  the	
  increasing	
  
entrepreneurship	
  even	
  more	
  central	
  to	
                        importance	
  of	
  entrepreneurship	
  as	
  a	
  
community	
  economic,	
  social,	
  and	
                                 serious	
  policy	
  issue	
  and	
  are	
  working	
  to	
  
environmental	
  well-­‐being	
  going	
                                   help	
  communities	
  embrace	
  the	
  new	
  
forward.	
                                                                 opportunities	
  it	
  creates.	
  
          The	
  green	
  economy:	
  We	
  have	
  
           reached	
  the	
  tipping	
  point.	
  More	
  
           and	
  more	
  communities	
  
           understand	
  that	
  green	
  is	
  not	
  just	
  
           about	
  recycling	
  but	
  about	
  
           reinventing	
  the	
  way	
  we	
  live,	
  work,	
  
           learn,	
  and	
  play	
  –	
  globally.	
  	
  	
  
          The	
  recession:	
  While	
  private	
  
           capital	
  is	
  “stuck,”	
  we’re	
  
           witnessing	
  the	
  largest	
  infusion	
  of	
  
           public	
  capital	
  in	
  our	
  nation’s	
  
           history.	
  It’s	
  an	
  unprecedented	
  
           opportunity	
  to	
  reinvent,	
  not	
  just	
  
           rescue.	
  	
  
          The	
  Social	
  Web:	
  While	
  the	
  
           technology	
  revolution	
  is	
  decades	
  
           old,	
  its	
  promises	
  (shared	
  
           knowledge	
  and	
  the	
  ability	
  to	
  
           organize	
  at	
  a	
  mass	
  scale)	
  are	
  just	
  
           now	
  becoming	
  widely	
  realized,	
  
           raising	
  whole	
  new	
  possibilities	
  for	
  
           launching	
  and	
  growing	
  
           businesses.	
  	
  
          Demographics:	
  We	
  see	
  young	
  
           people	
  with	
  the	
  lowest	
  rates	
  of	
  
           employment	
  in	
  decades	
  
           competing	
  for	
  jobs	
  with	
  their	
  
           grandparents,	
  many	
  of	
  whom	
  
           cannot	
  afford	
  to	
  retire.	
  	
  We	
  need	
  
           creative	
  ways	
  to	
  barter,	
  trade,	
  and	
  
           otherwise	
  exchange	
  work	
  for	
  
           value	
  –	
  less	
  in	
  the	
  form	
  of	
  “jobs”	
  
           than	
  a	
  portfolio	
  –	
  and	
  make	
  
           hands-­‐on	
  learning	
  (credentialed	
  or	
  
           not)	
  visible.	
  
	
  
	
  
	
  

	
  
Founded	
  in	
  1991,	
  Corporation	
  for	
  a	
  Skilled	
  Workforce	
  is	
  a	
  national,	
  non-­‐profit	
  
policy	
  research	
  and	
  practice	
  organization	
  located	
  in	
  Ann	
  Arbor,	
  Michigan.	
  
	
  Our	
  mission:	
  To	
  reimagine	
  everything	
  about	
  work	
  and	
  learning	
  for	
  the	
  prosperity	
  of	
  people,	
  firms,	
  
	
  and	
  communities.	
  
                                                                                                                     	
     	
   3	
  
CSW	
  900	
  Victors	
  Way,	
  Suite	
  350	
  	
  	
  Ann	
  Arbor,	
  MI	
  48108	
  	
  	
  734.769.2900	
  	
  	
  www.skilledwork.org	
  

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Why Entrepreneurship Matters: The Critical Role it Plays in Communities

  • 1. Why  Entrepreneurship   Matters   What  is  entrepreneurship?   While  there  are  many  definitions  of   Thanks  to  our  friends  at  Pop!Tech  (via  Flickr)   entrepreneurship  that  focus  on   disruption,  innovation,  or  rate  of   growth,  CSW  takes  a  broader  view.  We   Leaders  who  want  their  communities   think  of  entrepreneurship  as  the  start   to  thrive  will  consider  ways  to  grow   (or  participation  in  the  start)  of  a  new   the  number  of  people  who  are   commercial  or  social  enterprise,  or  a   creative  thinkers  and  innovators,  while   change  in  the  way  of  doing  business  or   at  the  same  time  promoting  better   thinking  within  an  established   understanding,  processes,  and   enterprise.       pathways  to  facilitate  turning  new   product  or  service  concepts  into  viable   This  definition  embraces  all  phases  of   enterprises.  Every  community  has  this   development  and  considers  both   potential.  Today,  more  than  ever,  we   those  who  start  new  ventures   must  work  together  to  realize  it.   (entrepreneurs)  and  those  who  work   within  existing  organizations  but   How  Can  Communities  Better   towards  new  products  or  processes   (intrapreneurs).       Support  Entrepreneurship?     Entrepreneurship  in  its  many  forms  is   Most  communities  offer  programs  and   an  important  source  of  economic   resources  to  support  new  business   dynamism,  innovation,  diversity,   development,  but  there  are  often   employment,  and  quality  of  life.   important  gaps  including:  understanding   Whether  focused  on  technology  or   the  assets  communities  have  in  place  to   lifestyles,  new  ventures  are  an   help  businesses  start,  grow  and   essential  ingredient  in  economic   transform  (asset  mapping);  engaging   development  and  transformation.   stakeholders  (businesses,  technical   assistance  providers,  investors,  etc.)  in   enterprise  success  (networking);  and   Why  is  Entrepreneurship  So   growing  entrepreneurial  culture,   Critical?   whether  in  the  classroom  or  the   We  care  about  entrepreneurship   boardroom.     because  we  know  that  agile,   innovative,  diverse  communities  are   Asset  Mapping   the  ones  that  will  prosper  today  and   In  most  communities,  there  are   be  best  positioned  to  continually   multiple  organizations  supporting   reinvent  themselves  thereafter.   entrepreneurs.    Unfortunately,  we   Entrepreneurial  communities  tend  to   have  learned  not  just  from  analysts   support  the  greatest  professional  and   and  researchers  but  from  service   personal  options  for  their  residents   providers  themselves  about  new   and  offer  the  most  desirable   businesses  that  cannot  find  the  help   opportunities  to  live,  work,  learn,  and   they  need  or  that  fall  through  the   play  –  sustainably.     cracks  because  the  business  support   organizations  do  not  know  where  to  
  • 2. refer  a  company  for  services  they   that  stakeholders  can  organize  around   themselves  do  not  provide.       key  issues  (learn),  identify  resources   than  can  enable  change  (link),  and   Communities  facing  this  challenge   then  take  action  (launch).   would  benefit  from  asset  mapping.   This  means  collecting  information  that   Culture   helps  community  leaders,  policy   makers,  program  directors,  and   In  nearly  every  circle  we  travel,  CSW   businesses  themselves  understand   has  heard  the  mantra,  “culture  trumps   who  already  supports  entrepreneurs,   policy.”    And  culture  change  is  hard.   how  they  do  this,  and  what  the   We  know  that  no  matter  what   services  in  the  community  look  like  on   initiatives  communities,  government,   a  continuum.     or  others  take,  if  people  do  not   embrace  the  directional  change,  the   Linking  Assets   effort  will  fall  flat.     CSW  strives  to  approach  its  research,   Many  communities  develop  maps  of   initiative  development,  and  policy   their  systems  in  the  form  of  reports,   work  with  an  understanding  of   spreadsheets  or  other  documents.   community  culture  and,  where   CSW  is  developing  an  approach  that   needed,  works  with  communities  to   combines  data  collection  with  social   create  cultural  alternatives.       networking  –  WeToo.org.™  The   approach  entails  inventorying   entrepreneurship  service  providers   “Moving  Needles”   and  collecting  information  from  the   We  do  this  by  assessing  attitudes  and   providers  using  a  web-­‐based  profiling   developing  strategies  to  move  the   system.     needle  on  important  community   Connecting  asset  mapping  with   metrics  –  within  and  across   strategies  to  align  stakeholders  and   communities  and  institutions,  in   systems  will  be  increasingly  important   neighborhoods,  communities  regions.   as  communities  become  more   Examples  of  such  activities  include:     connected,  increasingly  technology-­‐  Engaging  people  and  institutions   rich,  and  agile.   to  collectively  identify  and  own   issues  and  solutions;   Network-­‐based  Stakeholder    Documenting  current  realities  and   Engagement   presenting  cultural  alternatives;   It  takes  more  than  data  to  align    Aligning  systems  to  enable  more   systems.  Achieving  organizational  or   effective  collaboration;     community  change  requires  deliberate   and  sustained  effort  across  many    Conducting  research  and  data   community  networks.  Analyzing  these   analysis  that  helps  informed   networks  –  and  not  just  the  formal   decision-­‐making  and  consensus   organizational  structure  –  is  an   building;  and   important  part  of  change  efforts.  This    Promoting  innovation  at  the   analysis,  in  turn,  can  inform  the   margins  –  encouraging  self-­‐ development  of  initiatives  designed  to   organized  activities  (barcamp,   incent  collaboration  and  align  systems,   unconferences,  etc.)  and   programs,  and  services.       promoting  entrepreneurial   CSW  uses  its  Learn,  Link  Launch©   activities  that  normalize   approach  to  connect  these  disparate   experimenting  and  build   pieces.  We  work  with  leaders  to  help   innovation  capacity.     make  clear  their  initiative  goals,  so           2  
  • 3. The  Future     We  see  important  (and     interconnected)  trends  that  make   We  are  excited  about  the  increasing   entrepreneurship  even  more  central  to   importance  of  entrepreneurship  as  a   community  economic,  social,  and   serious  policy  issue  and  are  working  to   environmental  well-­‐being  going   help  communities  embrace  the  new   forward.   opportunities  it  creates.    The  green  economy:  We  have   reached  the  tipping  point.  More   and  more  communities   understand  that  green  is  not  just   about  recycling  but  about   reinventing  the  way  we  live,  work,   learn,  and  play  –  globally.        The  recession:  While  private   capital  is  “stuck,”  we’re   witnessing  the  largest  infusion  of   public  capital  in  our  nation’s   history.  It’s  an  unprecedented   opportunity  to  reinvent,  not  just   rescue.      The  Social  Web:  While  the   technology  revolution  is  decades   old,  its  promises  (shared   knowledge  and  the  ability  to   organize  at  a  mass  scale)  are  just   now  becoming  widely  realized,   raising  whole  new  possibilities  for   launching  and  growing   businesses.      Demographics:  We  see  young   people  with  the  lowest  rates  of   employment  in  decades   competing  for  jobs  with  their   grandparents,  many  of  whom   cannot  afford  to  retire.    We  need   creative  ways  to  barter,  trade,  and   otherwise  exchange  work  for   value  –  less  in  the  form  of  “jobs”   than  a  portfolio  –  and  make   hands-­‐on  learning  (credentialed  or   not)  visible.           Founded  in  1991,  Corporation  for  a  Skilled  Workforce  is  a  national,  non-­‐profit   policy  research  and  practice  organization  located  in  Ann  Arbor,  Michigan.    Our  mission:  To  reimagine  everything  about  work  and  learning  for  the  prosperity  of  people,  firms,    and  communities.       3   CSW  900  Victors  Way,  Suite  350      Ann  Arbor,  MI  48108      734.769.2900      www.skilledwork.org