Entrepreneurship in the Global Economy

Kressel, Henry
Henry Kressel, a senior partner of Warburg Pincus LLC, has been responsible for investments in technology companies in the USA, Europe and Asia. He began his career at RCA Laboratories where he pioneered the first practical semiconductor lasers. He was the founding president of the IEEE Photonics Society and co-founded the IEEE/OSA Journal of Lightwave Technology. He is the recipient of many awards and honors, a Fellow of the American Physical Society and the IEEE, was elected to the US National Academy of Engineering and is holder of thirty-one issued US patents for electronic and optoelectronic devices. He is the co-author of three previous books, Semiconductor Lasers and Heterojunction LEDS with J. K. Butler (1977) and Competing for the Future: How Digital Innovations are Changing the World (Cambridge, 2007) and Investing in Dynamic Markets: Venture Capital in the Digital Age (Cambridge, 2010), both with Thomas V. Lento. He also edited Semiconductor Devices for Optical Communications (1987).Lento, Thomas V.
Thomas V. Lento is founder and President of InterComm, a corporate communications consultancy specializing in technology companies. He has been a university professor, an ad agency executive and Director of Communications for Sarnoff Corporation. In addition to collaborating with Henry Kressel on three books, he was editor of Inventing the Future: 60 Years of Innovation at Sarnoff and co-authored Gregory H. Olsen's By Any Means Necessary: An Entrepreneur's Journey into Space (2009).

Entrepreneurs have long been drivers of innovation in developed countries. They start companies and create new industries that keep economies strong and prosperous. Today, however, in developing nations such as China, state-controlled economies are building robust industries at stunning speed and siphoning off jobs from the West. How can entrepreneurs function in the face of this challenge? Can they continue to create economic value in a globalized business environment? This book addresses the crucial issue of state planning vs. free enterprise and examines specific problems surrounding entrepreneurship in the global economy through nine case histories of entrepreneurial companies. It also looks at how and why government gets involved in economic growth and how entrepreneurs contribute to economic value. Based on this analysis, the authors argue that companies can succeed, even in controlled economies, by understanding the customs and policies of countries where they do business. State-controlled economies such as China are building robust industries at stunning speed and siphoning off jobs from the West. This book addresses the crucial issue of state planning vs. free enterprise and examines specific problems surrounding entrepreneurship in the global economy through nine case histories of entrepreneurial companies.

This book examines problems surrounding entrepreneurship in the global economy through nine case histories of entrepreneurial companies.

List of figures; List of tables; Introduction; 1. Government: boss, financial partner, regulator - entrepreneurs in mixed economies; 2. Standing still is not an option - on promoting entrepreneurship and economic growth; 3. Electronic innovation and the government: David Sarnoff builds the RCA empire; 4. Global problem, golden opportunity: Ron Stanton profits from market disruption; 5. Speeding voice and data traffic worldwide: network microprocessors from RMI; 6. Building a world leader: SanDisk and flash memories; 7. Implementing information technology across the globe; 8. Three start-ups in China - entrepreneurs in a controlled economy; 9. Connecting the wireless networks of the world; 10. Building an economy: government planning vs. entrepreneurial innovation; Bibliography; Index.