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Restoring America’s Global Competitiveness through Innovation

Restoring America’s Global Competitiveness through Innovation

New Horizons in International Business series

Edited by Ben L. Kedia and Subhash C. Jain

Though we live in an era of rapid innovation, the United States has introduced comparatively few commercial innovations within the past decade. Innovation shortfall contributes to weaker trade performance, decreased productivity growth, lower wages and many other economic woes. This study provides insightful recommendations for developing enhanced innovation efforts that could help foster substantial, long-term economic growth.

Chapter 8: Innovating for entrepreneurship: one state’s quest to re-engage

Christopher L. Levesque

Subjects: business and management, international business, organisational innovation, innovation and technology, organisational innovation


The state of Connecticut is something of an entrepreneurial paradox. With a history steeped in inventiveness, creativity and opportunism, its economic fortunes have played out successfully across an array of eras and industries. Along the way, Connecticut has become a state of many faces – composed of four distinct regions characterized by different industry concentrations, paces of life and senses of engagement. Yet over the more recent decades, the state has fallen behind in terms of entrepreneurial output and job creation, earning a reputation as a home for relatively large organizations, a touch of isolationism and a well-educated, but staid, form of lifestyle – befitting the ‘Land of Steady Habits’. Connecticut now faces the task of reclaiming its place nearer the pinnacle of pioneering and entrepreneurial spiritedness. Yet it must do so in a more globalized and technologically driven context than when it last enjoyed such prominence. This quest is vital to the state, as small, dynamic firms have supplied virtually all of the net job growth across the entire nation over the past several years, a fact that helps explain Connecticut’s prevailing job growth struggles (Bureau of Labor Statistics, 2012).

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