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Canada must stay competitive
Posted in Growth
"Some years ago an American researcher interested in the role of entrepreneurs divided the business world into his own version of the animal kingdom.
There are the elephants, David Birch said.
These are the big businesses, the corporate giants.
They have much strength but may often lack the agility to quickly adjust to change or generate big new ideas that challenge their existing activities.
The best managed can be innovators, but elephants can also disappear.
At the other end are mice.
These are small companies that, once they have been launched, usually cease to grow ...
What a dynamic economy really needed, Birch said, was gazelles – companies that start small but, fuelled by an innovative idea, go on to become new world-beaters.
Research in Motion, with its BlackBerry, is a good example ..."
Read the full article by David Crane in The Toronto Star, published March 31, 2008.