Small Business Generates Growth

by Jörgen Eriksson on November 13, 2012

Tell all the truth but tell it slant, success in circuit lies. Too bright for our infirm delight, the truth´s superb surprise. – Emily Dickinson

An article in the Wall Street Journal today presents research made at the University of Chicago, which finds that a small number of startups in the US economy has had the biggest impact on economic growth and job creation. The illustration below speaks for itself.

We all want small companies to take us back quickly to pre-recession employment levels. But policy makers globally need to try to temper those expectations of quick results, because economic growth and job creation are, in large part, self-fulfilling prophecies.

If our unrealistically high expectations leave us disappointed by decent, but not stellar, small business job creation, consumers and businesses may lack confidence and cut back, in fact limiting job creation. Economic growth is about perception and belief in it happening.

Wall Street Journal - 2012-11-13

About Jörgen Eriksson :

Jörgen Eriksson is the founder of Bearing and is the Chairman of the firm since it was created. He has successfully expanded Bearing into covering projects on four continents. He is also Adjunct Professor of Innovation Management at the International University of Monaco and at Universitat Politècnica de Catalunya in Barcelona and he is an active member of the Founders Alliance organisation.

Working with consulting engagements across Bearings practices, he has over the past fifteen years participated in and supervised a large number of client projects, from innovation system development and place development and branding, to merger and acquisition assignments and leading edge research and business development activities for key clients.

His new book, Branding for Hooligans, will be published in 2015. It is about how innovation and branding are key survival factors in our modern times of hyper competitive markets.

Prior to Bearing, he was Director of Europe, Middle East, and Africa for Trema Treasury Management, a technology and consulting services provider, supplying financial software solutions for the global financial industry, Clients included The European Central Bank, Citibank, SEB, South African reserve Bank, Deutsche Bank, Abu Dhabi Investment Authority (ADIA), as well as many other large financial institutions and Fortune 500 companies.

Early in his career Eriksson was educated at the Stockholm School of Economics, where he studied economics, financial economics and philosophy. He then worked in Scandinavian investment banks and also for the Swedish Institute of National Defense Research.

You can contact Jörgen on e-mail, connect on LinkedIn onörgen-eriksson/0/38/8a0/ and follow him on twitter on joreri508.

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