I read recently that it is far easier to make babies than it is to turn them into successful people. That is a sentiment to which I am sure parents everywhere will be able to relate.
There is a of course a very clear parallel between that and the challenges involved in starting a new business and turning it into a company of scale.
The recently published www.scaleupreport.org is an important piece of work which merits careful study by anyone interested in the challenges of building businesses of scale which are fundamental to increasing employment and the process of wealth creation.
I hope anyone reading this blog will at least find time to read the executive summary (http://www.scaleupreport.org/scaleup-report-summary.pdf) and, for those who wish to consider the Report and the case studies in more detail, the full report is available on the following link (http://www.scaleupreport.org/scaleup-report.pdf) together with a supporting report prepared by Deloitte.
Another recent report prepared by the Global Entrepreneurship Monitor for the recent World Economic Forum in Davos suggests that the most entrepreneurial countries in the world are Chile and Colombia (!). The old mantra of “the west and the rest” no longer applies and the only way for the west to keep abreast of the extraordinarily rapid change which is going on in the world is to create and build high growth innovative companies which will help to solve the many growing pains encountered by the world’s rapidly developing economies.
At the beginning of the week I had the privilege to listen to a lecture by Professor Hans Rosling who demonstrated in the most graphic way exactly how the world is going to change in the years ahead. If you think everything will be fine and that we can just all carry on as we are please take 10 minutes to look at the attached You Tube clip https://www.youtube.com/watch?v=fTznEIZRkLg. It was posted in 2010 whereas the Professor’s recent address had bang up to date statistics. However the point is still forcefully made and should shape all of our business thinking.