Monday, April 14, 2008
Economic Theory
Recently a Nobel Prize winning economist suggested that global trade is driving a long-term convergence of per-capita GDP by enabling the distribution of knowledge, (know-how) throughout the world. But that is an incomplete view. It isn’t knowledge and know-how that will drive the leveling; it is the ability to innovate - the ability to create new knowledge - that will drive the leveling of economic well-being. Without the ability to innovate at par with the best of them, you will always be playing catch-up. This ability to innovate is the key valuable asset in any enduring for-profit enterprise.
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I completley agree, we can thank technology for our successes, especially what its done for home based businesses. Keeping up with your peers is probably one of the most important things you can do for you business.I actually work with Microsoft, and right now I’m really excited to spread the word about the “Vision to Venture” tour they’re having between April and May, which will consist of five live events. Featured speaker, John Jantsch is a marketing and digital technology coach, award-winning social media publisher, and author of Duct Tape Marketing: The World's Most Practical Small Business Marketing Guide, as well as many other speakers offering industry tips. The tour is fully geared towards entrepreneurs and online business owners/ developers. You can see more and register at http://smallbusiness.officelive.com/v2v/ so let me know what you think! And if you have any questions, I’d be more than happy to answer them
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