View
26
Download
3
Category
Preview:
DESCRIPTION
Entrepreneurship, Creativity and Local Economic Development. Mark Casson Director, Centre for Institutional Performance, University of Reading. Popular views of entrepreneurship. The entrepreneur as intellectual Artist Scientist Philosopher The entrepreneur and charisma Leadership - PowerPoint PPT Presentation
Citation preview
Entrepreneurship, Creativity and Local Economic DevelopmentMark CassonDirector, Centre for Institutional Performance, University of Reading
Popular views of entrepreneurship
• The entrepreneur as intellectual• Artist• Scientist• Philosopher
• The entrepreneur and charisma• Leadership• Change agent• Strategist
Analytical approaches
• Opportunity-seeker• Innovator• Risk-taker• Judgemental decision-maker
Potential positive impacts on local economic development
• Job creation (and destruction)• Infrastructure-building• Creating business opportunities through
partnerships and subcontracting• Product and service innovations enhance quality
of life• Housing improvements
Potential negative impacts
• Jobs for immigrants and not locals• More jobs but lower skills (artisans versus
shopkeepers) • Destruction of heritage sites• ‘Shovelling out the paupers’• Political corruption
• Comment: The assessment of impacts is framed by value-judgements
Historical case studies
• Nineteenth century England• William Morris – artist, artisan and shopkeeper• James Watt – innovative engineer
• Late fourteenth-century England:• Richard Spynk of Norwich: financing local infrastructure• Dick Whittington – promoting London as a trading centre
• Nineteenth century Southern California• Henry Huntingdon – property developer extraordinary
Source: Casson and Casson: The Entrepreneur in History, Palgrave Macmillan, 2013
Conclusions• When does entrepreneurship have a beneficial impact?• social as well as selfish concerns• aesthetic sensibility• partnership as well as individual initiative• ‘building bridges’ rather than creating divisions
• Are local impacts becoming more or less positive?• Modern projects: industrial, profit-oriented promotion, globally
financed• Medieval projects : advanced pre-industrial technologies; civic-
orientation; locally financed• Medieval entrepreneurship may have made a greater contribution
to local quality of life
Recommended