Innovation in Emerging Economies

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Nwagbosoh, Isaac
Management Consultant, Nigeria

Innovation in Emerging Economies

How do we create an enabling environment for innovation, creativity and entrepreneurship in emerging economies?

  R.S. MATHUR
Teacher, India
 

Enabling Environment for Entrepreneurship and Innovation in Developing Countries

Dear Isaac, to establish successful entrepreneurship and innovation an ecosystem needs to be developed. In my opinion the contributing factors are:
1. Motivating government policies,
2. Relevant training at all levels.
3. Societal support and
4. Adequate and timely hand-holding by financial and technical institutions.
Entrepreneurship and innovation are two sides of the same coin. So for both a similar ecosystem is needed.
No fear for failure and the will to experiment are also vital ingredients for the innovation culture.

  Nwagbosoh, Isaac
Management Consultant, Nigeria
 

Enabling Environment for Entrepreneurship and Innovation in Merging / Developing Countries

Is it achievable in view of the perennial lack of developed political institutions, looting, corruption, poor leadership, sit-tight mentality of the political class, and high degree of insecurity prevalent in most of our emerging economies?

  R.S. MATHUR
Teacher, India
 

Enabling Environment for Entrepreneurship and Innovation in Developing Countries

Issac, I agree it is an uphill task for entreprene...

 

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