Dead Wrong: America’s Economic Assumptions

Jim Clifton, President and CEO, Gallup

They must understand that entrepreneurship trumps innovation, and that finding the next generation of great entrepreneurs means cultivating them in middle school, high school, colleges and universities.

Jim CliftonTo jumpstart a stagnant U.S. economy, and put the country on a path to long-term economic growth and prosperity — even global dominance once again — leaders must get their assumptions right. They must understand that entrepreneurship trumps innovation, and that finding the next generation of great entrepreneurs means cultivating them in middle school, high school, colleges and universities, just as surely and intentionally as the country cultivates innovators. Find the 100,000 freaks of nature and intentionally develop them like rare IQ and blue chip athletes. Next, identify the high potential small businesses and put them into power relationships with local mentors. Finally, understand that entrepreneurship cannot be fostered by Washington, but has to be developed one city at a time.

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