CHAPTER 8
Solving Burning Problems
When Adversity Is the Opportunity
I have been to three dozen countries to work on something related to entrepreneurship, whether it has been advising policy makers or private-sector leaders, consulting to entrepreneurs, writing cases, teaching entrepreneurship, or looking at investments. To make a point, I will oversimplify:
Entrepreneurship = adversity + human capital
Of course reality is much more complex, but when I see unusual concentrations of entrepreneurship blossoming in places like Israel, Taiwan, Iceland, and Ireland, it seems to boil down to a simple formula: put smart, educated people in places with few resources where they have no choice but to solve tough problems, and you get lots of surprising ...
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