As Administrator of the Small Business Administration (SBA), Karen Mills spent four years as part of President Barack Obama's senior economic team and a member of his Cabinet, specifically focused on the health and growth of America's small businesses and entrepreneurs. Now Mills has brought her experience as a policy maker—as well as 25 years of experience as an investor and small business owner—to the U.S. Competitiveness Project at Harvard Business School.
The Obama administration has put in place programs that attract more production, more investment, and more jobs back to our shores, according to Karen Mills, head of the Small Business Administration.
The United States has been using fiscal and monetary solutions as a base for its economic growth policy. But these macroeconomic strategies by itself are not leading to long-term growth. If we want to create more jobs, increase per capita income and reduce poverty, we need a shift in focus towards regions as the drivers of the national economy.
Regulation, innovation, infrastructure, education: each of these is crucial to competitiveness. Put together the small things happening in the states, and they become something rather big. That is the essence of the America that works.
US capital market competitiveness remained weak in 2012 with many competitiveness measures suffering declines from the previous year, according to the Committee on Capital Markets.
To boost U.S. competitiveness, one area recommended by The Harvard Business School U.S. Competitiveness Project is for companies to support innovation and entrepreneurship. Macy's is one example, by having an incubator to support startups relevant to its supply chain, writes Chitra Nawbatt.
Former White House economic advisor Larry Summers warned Thursday that a failure to address the fiscal cliff would make things worse as the U.S. economy now is at "critical juncture", but tackling the fiscal challenge needs long-term vision on growth.
IBM is joining hands with the Lawrence Livermore National Laboratory to develop technology, products and processes critical to the U.S. infrastructure in an effort to boost the global competitiveness of the country.
Where will the next generation of great entrepreneurs come from? David Teten, a Partner with ff Venture Capital, showcases the Venture Capital Access Program, a pilot venture providing women and minority entrepreneurs with access to venture capital.
When a business school solicits alumni, it's usually to ask for donations. Last night, though, the school hit them up for something they may find harder to give: a commitment to use whatever influence they have to get their companies to invest in the local workforce, raise U.S. median wages, and support local suppliers.
Now's the time to push pro-entrepreneurship legislation over the goal line, so we can ensure the United States remains the world's most entrepreneurial nation.
Professors Josh Lerner and William A. Sahlman explore the role of entrepreneurial ventures in addressing pressing problems like energy, the environment, healthcare, and education, while also driving productivity and domestic job growth in the U.S..
Innovation, the classic basis for U.S. success in world markets, rests on foundational institutions, such as research centers, incubators for entrepreneurs, and skills training vehicles, that provide fertile soil in which to seed, grow, and renew enterprises, writes Professor Rosabeth Moss Kanter.