Friday, 19 March 2010

Ingenious Britain

http://www.ifb.org.uk/
Sir James Dyson’s Ingenious Britain report has given a boost to the debate about the importance of entrepreneurship in rebuilding our nation’s economic strength. It focuses the spotlight away from UK plc and onto the vital role that new business activity and spin-offs have in boosting technological innovation, design and employment.

There is also a broader national debate taking place about what can be done to encourage entrepreneurship in our society, in the widest sense of the word. A new group, Enterprise UK, has been formed, founded by IoD, CBI, FSB and BCC, to collect practical suggestions that any Government could use to promote and support entrepreneurship - the ideas could also be used by businesses, universities, schools and individuals. The Institute for Family Business (IFB) will be sharing its views on this important subject with Enterprise UK.

Entrepreneurship is one of the key driving forces of the family business sector. Indeed business families are prime breeding ground for tomorrow’s entrepreneurs. The Global Entrepreneurship Monitor (GEM) examined a few years ago the background of entrepreneurs starting new business activities, and concluded that family firms are an important source of young entrepreneurs. With 3 million family firms in the UK we have in the heart of our economy a latent talent pool of family business entrepreneurs.

What can we do to unleash the entrepreneurial spirit of our nation’s business families? Sir James Dyson cites education, skills and deregulation as critical success factors. The IFB agrees with this list, but also believes that values are at the heart of the creating foundations for successful entrepreneurship. Determination, courage and hard work are values that parents can instil into the next generation. By fostering these values the nation’s business families are playing a vital role in creating tomorrow’s enterprising Britain.
http://realbusiness.co.uk/leadership/dyson_no_magic_bullets

2 comments:

  1. Hi Grant
    Congratulations on your new blog! We are working with Bradford University School of Management on helping businesses manage the process of innovation in their organisation - which is in many ways the essence of entrepreneurship? We have set up an Innovation Club and the founder members include some family businesses that you will know - NG Bailey, Arco, Fosters Bakery. Read more on our blog http://bit.ly/9mN0I3. You'll see the founders are going off to analyse each other's businesses and share their findings.
    Might be interesting to meet Dr Nigel Lockett - a serial entrepreneur himself and now an academic on entrepreneurship and innovation management.
    Victoria Tomlinson, Northern Lights PR

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  2. Promoting enterprising opportunities for students in higher education is at the core of the new Enterprise Alliance UK (http://www.enterpriseallianceuk.co.uk).
    It makes the case for enterprising learning and practical development for all students by representing the interests of its membership to expand enterprise education and development in the UK.
    Founding organisations are ISBE, EE UK and NACUE - bringing together researchers, educators and students to promote a common cause.
    Dr Nigel Lockett, Bradford University School of Management

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