Creating Regional Wealth in the Innovation Economy: Models, Perspectives, and Best Practices

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9780130654151: Creating Regional Wealth in the Innovation Economy: Models, Perspectives, and Best Practices

Drawing on extensive new research through dozens of interviews with entrepreneurial champions in diverse sectors, Creating Regional Wealth in the Global Innovation Economy pinpoints the key reasons why some locations succeed in the quest to become centers of technology and innovation - and sustain their competitive advantages over time - while others fail. It answers the central questions about the world's entrepreneurial hotspots: What makes these locations special? How can local business and government organizations most effectively promote local entrepreneurship? And what can budding centers of entrepreneurship do in order to enter the game?

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From the Back Cover:

From Ireland to Israel to India, entrepreneurial innovation remains the #1 driver of economic success. This book identifies how successful regions build dynamic, self-sustaining centers of innovation across institutions in government, business, and non-profit organizations..

Jeff Saperstein and Dr. Daniel Rouach illuminate the complex mix of reinforcing success factors that can help regions set the stage for enduring long-term growth. Their extensive new research, detailed case studies, and diverse interviews of entrepreneurial champions across many societal sectors address economic policy, intellectual capital, labor costs, and many other key issues.

Creating Regional Wealth in the Innovation Economy demonstrates how regions with diverse geographic, socio-economic, and political/institutional structures can leverage their unique strengths to successfully "plug in" to the global innovation economy. It offers a comprehensive blueprint for reaping the benefits of a vibrant, entrepreneurial marketplace - as an entrepreneur, investor, policymaker, or individual professional seeking the right place to be.

* Leveraging your region's unique strengths Building regional centers of innovation * Specific techniques for regional business development specialists Public policy actions that offer the greatest short- and long-term payback * Identifying the best regions for new investment How companies and investors can choose locations with the greatest opportunities for success * Taking advantage of centers of innovation Practical strategies for companies ranging from startups to multinationals * Economic policy, intellectual capital, labor costs, and other key issues Understanding the complex interrelationships amongst all regional success factors

Building regional centers of entrepreneurship - and sustaining them.

  • The key principles enabling regions to become centers of entrepreneurial excellence
  • After the dot.com collapse: The new dynamics of the Innovation Economy
  • In-depth perspectives from global leaders in business, government, academia, and nongovernmental organizations
  • Preface by Mary Harney, Ireland's Deputy Prime Minister and Minister for Enterprise, Trade, and Employment

Silicon Valley. Taiwan. Ireland. France. Sweden. Israel. Munich. When it comes to promoting entrepreneurial culture, some places just seem to "get it right"—serving as powerful magnets for talent, money, and ideas, and as powerful incubators for tomorrow's best companies. Now, drawing on extensive new research, Jeff Saperstein and Dr. Daniel Rouach pinpoint the key reasons why some locations succeed in the quest to become centers of technology and innovation - and sustain their competitive advantages over time—while others fail.

This book answers the most crucial questions about the world's entrepreneurial hotspots: What makes these locations so special? Which local characteristics are inherent? Which can be fostered? What are the best practices for business and government organizations that want to promote local entrepreneurship and reach critical mass? And, most of all, what can be learned from the dozens of high-level entrepreneurial champions who have given their wisdom and experience so other people and regions may succeed.

Praise for CREATING REGIONAL WEALTH"Humanity needs places where people have a common vision and develop together creativity, modern innovation, quality of life, and humanism. This book will help."—Pierre Laffitte
Senator, France

"Provides valuable insights and pragmatic advice for anyone interested in improving the economic well-being of a region and adopting an entrepreneurial mindset. Conveys the spirit, knowledge, and courage of leaders in all sectors of the economy."—Henry C. Manayan, Esq.
Mayor, City of Milpitas, California

"A comprehensive/commendable compilation of the experiences of the entrepreneurial spirit across cultures." —Pradeep Kar
Microland Group, India

"A must-read for anyone interested in building ecosystems of excellence and economic advancement in any region or country. Truly invaluable."—Kailash C. Joshi, Ph.D.
President, TiE Silicon Valley

"A most important and stimulating contribution to the new leadership agenda for further development of intellectual capital of regions as the driver for future regional wealth and prosperity." —Leif Edvinsson,
ProfessorAssociate, of Intellectual Capital, University of Lund, Sweden
and CEO of Universal Networking Intellectual Capital, Sweden

"Which regions will prosper and how are they positioning themselves today for tomorrow's opportunities? A thoroughly researched and stimulating work, a sort of strategic manual for companies, scientists, and regional politicians."—Dr. Hans Christoph von Rohr
Chairman, Industrial Investment Council, Berlin, Germany

"This is a great book for those who want to find out what powers regional developments. A good read for anybody interested in this subject."—Hermann Hauser, Ph.D.
Founder and Director, Amadeus Capital Partners, Cambridge, United Kingdom

"An important contribution to the field with clear and practical findings for investors, business leaders, and policymakers." —David J. Blumberg
Managing Partner, Blumberg Capital, San Fransico, CA

"The successful transformation of the Irish economy over the last decade has surprised even those within the social partnership process who contributed to its delivery. This is a well-researched account of how it happened." —David Begg
General Secretary, Irish Congress of Trade Unions

"Well researched and engagingly presented. An excellent work on a timely topic."—Cheryl Fragiadakis
Technology Transfer Department Head,
Lawrence Berkeley National Laboratory (U.S. Dept of Energy)

"An insightful inquiry into the sources of innovation and entrepreneurship that determine global and regional leadership in today's knowledge-based economy."—R. Sean Randolph
President, Bay Area Economic Forum

"Presenting a jointly optimizing global perspective. Should be valuable for people in all regions to understand how to succeed in the high-tech Innovation Economy."—George Lin
President, SEMI Asia-Pacific

"This book balances the varied but complementary perspectives of management and research issues. The Israeli chapters are especially important since they enable the readers to learn about one of the fastest-growing high-tech regions."—Dr. Avi Fiegenbaum
Director of the MBA Program, Technion University, Israel

"Excellent lessons for knitting the core strengths of a region into a compelling and saleable value proposition. Filled with entrepreneurial insights."—Shirley Horn
Senior Director, Brand Management, Agilent Technologies, Inc.

"I strongly recommend this book to everyone involved in creating, developing, and sustaining a dynamic entrepreneurial marketplace, be it in an emerging market or an industrialized country. Based on research and interviews with top experts around the world, the book provides a real 'tour de force' of the key success factors."—Jyoti Gupta
Professor of Finance at ESCP-EAP University, Paris

"This book very succinctly brings out the challenges that the Internet age poses and the tremendous response of the industry, particularly of the Indians in Silicon Valley."—Rajendra Abhyankar
former Consul General of India, San Francisco

"A superbly lucid analysis of the world's information technology hot spots. This book is a veritable traveller's guide to the global Information Economy."—Dr. Shyam R. Chidamber
Director, Center for Information Technology and the Global Economy,
Kogod School of Business, American University, Washington D.C.

"For anyone responsible or interested in regional development, this is a gold mine!"—Jerome S. Engel
Executive Director, Lester Center for Entrepreneurship and Innovation,
University of California at Berkeley

"This thoughtful book goes a long way to explaining the Silicon Valley mystique and how other parts of the world are following the model with varying degrees of success and localization. This will be a textbook for some, a reference for many, and a fun read for all of us working in the high-tech industries." —George Koo
Director, Chinese Services Group, Deloitte & Touche

"Valuable insight for both practitioners and researchers in emerging IT markets."—Shyam Sethi
Consultant Technical Services & Visiting Faculty, IIT Delhi

"An excellent piece of research work reflecting the essence of globalization based on convergence of new ideas, thoughts, knowledge base, and innovativeness on an international plain." —Abhijit Halder
Consul of Community Affairs of the Indian Consulate, San Francisco

"An excellent book about the regional high-tech clusters that have emerged around the globe. The book is very insightful and stimulating. It is a must read for anyone who wants to understand emergence of a place like Bangalore."—Kanwal Rekhi
Founder of Excelan, Co-Founder of TiE (The IndUS Entrepreneurs)

About the Author:

JEFF SAPERSTEIN is a consultant, marketing instructor, and writer who maintains extensive contacts with Silicon Valley entrepreneurs, venture capitalists, and multinational company executives. He consults in the public, nonprofit, and private sectors. He is co-author of How to Be a More Effective Account Manager and Practical Approaches to Impromptu Speaking.

Saperstein has written marketing columns for the San Francisco Business Times and the San Jose Business Journal and conducted marketing workshops throughout the US for AdWeek, a leading advertising industry publication. He has taught marketing courses to business professionals throughout Latin America, France, and Israel and serves as instructor in marketing for San Francisco State University Graduate School of Business, the University of California at Berkeley Extension, and the Stanford University Professional Development Program. He also teaches marketing and high technology topics at ESCP/EAP in Paris, France.

DR. DANIEL ROUACH is one of the world's leading experts ininternational technology transfer and business intelligence and is the former Dean of ESCP-EAP Full-Time MBA program. He runs in-company executive programs and seminars for companies ranging from Danone and Arthur D. Little to IBM France, Thomson, STMicroelectronics, and Bull Europe, as well as for public sector organizations.

Rouach leads the Group Technology & Innovation Lab, a Paris, France-based research center specializing in identifying and promulgating best practices for the management of technology and innovation. He teaches courses in international marketing, management of technology transfer, and business intelligence in ESCP-EAP programs.

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