According to famed author and educator Peter Drucker, entrepreneurship is crucial for economic development. What does it mean, then, to live in a society that is becoming more entrepreneurial?There are six major signs that you live in an entrepreneurial society:1. Innovation precedes regulation: The regulators eventually catch up, but not before the innovators have developed viable solutions for us to improve our lives.2. Entrepreneurs and innovators are richly rewarded for their breakthroughs: In an entrepreneurial society, entrepreneurs are popular heroes and profit materially from their work.3. The government depends on the ingenuity of the innovators: A society’s ability to develop innovations that continually solve problems is the best index to its long-term growth and prosperity. A government must manage the economy in order to promote innovation and entrepreneurship in order to remain competitive and vibrant.4. Innovations are pulled into — not pushed onto — society: Entrepre...
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