Navigation path

Left navigation

Additional tools

Tag ‘Innovation in Enterprise’

Top billing at this year’s SME Assembly – introducing Joseph Stiglitz

Tags: , , , , ,

As you are probably already aware, U.S. economist and Nobel laureate Joseph Stiglitz will be delivering the Schumpeter ‘Innovation in Enterprise’ lecture at the SME Assembly 2020, to be held online on 16 and 17 November during European SME Week. This promises to be a riveting address, so if you haven’t already saved the date, make sure to do so immediately. Ahead of the Assembly we are publishing a short introduction to Mr Stiglitz and his work on the Promoting Enterprise News Portal.

Joseph Stiglitz is an American economist, public policy analyst, and a professor at Columbia University. His CV is formidable – he is a former senior vice president and chief economist of the World Bank and a former member and chair of the US president’s Council of Economic Advisers. In 2000, Stiglitz founded the Initiative for Policy Dialogue (IPD), a think tank on international development based at Columbia University, where he has been a faculty member since 2001.

Stiglitz has also served as chair of the international Commission on the Measurement of Economic Performance and Social Progress, appointed by President Sarkozy of France, and currently serves as co-chair of its successor, the High Level Expert Group on the Measurement of Economic Performance and Social Progress. In addition, from 2011 to 2014, Stiglitz was president of the International Economic Association (IEA).

Excellence rewarded

In addition to his impressive work Stiglitz is the recipient of a long list of international awards. Chief among these are the John Bates Clark Medal, which he was awarded in 1979 by the American Economic Association, and later, in 2001, he was recipient of the Nobel Memorial Prize in Economic Sciences. Stiglitz received the Nobel Prize along with George Akerlof and Michael Spence for their analyses of markets with asymmetric information.

The economic theory of asymmetric information proposes that an imbalance of information between buyers and sellers can lead to market failure. Analysis of these markets looks at questions such as why interest rates are often excessively high on local lending markets in Third World countries, or why rich landowners don’t bear the entire harvest risk in contracts with poor tenants.

Stiglitz and his co-laureates proposed a common explanation and extended the theory, augmenting it with the realistic assumption of asymmetric information: agents on one side of the market have much better information than those on the other side – tenants know more than landowners about their work effort and harvesting conditions, for example. For more information on markets with asymmetric information, check out the Nobel Prize site.

Stiglitz is also the author of several books, most recently The Price of Inequality: How Today’s Divided Society Endangers Our Future. His other books include People, Power, and ProfitsThe Great Divide: Unequal Societies and What We Can Do About ThemRewriting the Rules of the American Economy: An Agenda for Growth and Shared Prosperity; and Globalization and its Discontents.

Don’t miss out!

In 2011, Time magazine named Stiglitz as one of the 100 most influential people in the world. Delivered by such a formidable keynote speaker, the Schumpeter ‘Innovation in Enterprise’ lecture at this year’s SME Assembly is a not-to-be-missed event that promises to be full of valuable insights for innovative businesses. 

Register for the SME Assembly and contact the SME Assembly Secretariat for more information.

SME Week Newsletter 2020: Issue #5

Tags: , , , , , , , , , ,

In the interests of the safety and wellbeing of our community, the decision has been taken by the German Presidency of the Council in cooperation with the European Commission to transform the SME Assembly 2020 into an online event.

The event will feature the usual array of top-level speakers, panels and masterclasses, and will feature a highly curated programme designed for the European enterprise community to share, innovate and continue to build the resilience that has helped us get through the unprecedented challenges presented by COVID-19.

In this edition we will also be sharing the latest EEPA 2020 announcements, including introductions to some of our top finalists, as well as a closer look at the projects awarded Special Mentions by the 2020 jury.

Don’t forget that we also want to hear YOUR stories, how are you facing these challenging times? Share your news and updates to be featured in an upcoming issue or on the Promoting Enterprise News Portal.

Read more >>

SUBSCRIBE AND DON´T MISS ANY UPDATES

The SME Assembly 2020 goes ONLINE!

Tags: , , , , , , , ,

In the interests of the safety and wellbeing of our community, the decision has been taken by the German Presidency of the Council in cooperation with the Commission to transform the SME Assembly 2020 into an online event.

The SME Assembly 2020 will feature a combination of high-level panels and interviews, expert roundtables, interactive workshops, informative masterclasses, and innovative networking opportunities to help answer the difficult questions facing our community post-COVID.

Top speakers, such as Nobel Laureate Professor Joseph Stiglitz, have already confirmed their participation in this year’s event. We are delighted to inform you that Professor Stiglitz will deliver the 2020 Schumpeter ‘Innovation in Enterprise’ Lecture from New York.

We will also be joined by many other top speakers such as Commissioner Thierry Breton, Federal Minister for Economic Affairs and Energy Peter Altmaier, the distinguished economist Dr. Maja Göpel, and many more.

So, if you haven’t already, SAVE THE DATES in your diaries.

You can start following the SME Assembly 2020 conversation and join in by using #SMEAssembly2020 on Twitter and by following @EEPA_EU, or by heading over to Facebook and following the @PromotingEnterprise page. Other updates on the SME Assembly 2020 will also be posted right here on the News Portal.

We look forward to seeing you online on the 16th and 17th November for this exciting virtual version of SME Assembly 2020!

For any questions on this year’s SME Assembly 2020 please contact the SME Assembly Secretariat and don’t forget to register.

Schumpeter lecture 2017 – Professor Jan Fagerberg

Tags: , , , , , , , , , ,

The Schumpeter Innovation in Enterprise lecture is one of the highlights of the SME Assembly and is given by a different guest lecturer each year. This year Professor Jan Fagerberg, from the University of Oslo gave a lecture on the current status of European innovation and how this is closely related to the issues of economic transformation and climate change.

CoCreativeFlow.com, Sabine Soeder

According to Professor Fagerberg, Europe is stuck in a partially self-inflicted stagnation and needs to transform accordingly. The European stagnation can be explained by globalisation, and the differing responses of European states, leading to a lack of homogeneity. The Euro in particular, meant that there was no specific need for policy coordination, which led to increased unemployment and different austerity policies. These outcomes mean that something must change, in order to rise out of stagnation, the economy must radically transform.

The need to transform the economy is particularly linked to climate change. European emissions are still at high levels, and must decline much faster than their current rates. This is where the link to renewable technology becomes relevant, both environmentally and economically speaking. Not only is it the answer to cutting down on emissions but due to: rapidly declining costs, unlimited availability, broad applicability and pervasive effects, it could arguably transform the current economy into a more sustainable model.

As both challenges are heavily influenced by each other, they require a coordinated policy response which should specifically have innovation policy at its heart. This entails innovation policy working across fields to promote, explore and provide opportunities in fields related to renewables. Through ICT and renewable technology there is a chance to not only transform the economy, but do so without causing further harm to the climate and possibly even remedy the current effects.

For photos from the lecture, please see the Flickr album.

For more information on his work and publications, please visit his website.

  • Tags

  • RSS Promoting Enterprise

    • Meeting the 2022 EEPA Jury – Selma Yilmaz-Schwenker May 25, 2022
      Today we are continuing to introduce you to the members of the European Enterprise Promotion Awards (EEPA) jury by talking with Selma Yilmaz-Schwenker. Selma represents the organisation that won last year’s Grand Jury Prize. Her recent experience as a participant in the competition means her advice for this year’s cohort is particularly valuable. Keep reading […]
      promotingenterprise
    • Get Digital: Go Green and Be Resilient May 24, 2022
      On the Promoting Enterprise portal today, we are highlighting a call for expression of interest related to green, resilient and digital companies in the European Union, Moldova, Georgia and Ukraine. The ‘Get Digital – Go Green and Be Resilient’ initiative launches on Tuesday, 24 May, with the goal of creating a catalogue featuring innovative digital […]
      promotingenterprise
    • Meeting the 2022 EEPA Jury – Thomas Cooney May 20, 2022
      Every year, during the European Enterprise Promotion Awards (EEPA), we introduce you to the members of our jury, who play are responsible for choosing the most innovative and exciting competition entries and selecting the winner of the Grand Jury Prize. We kick off our introductions this year with an EEPA stalwart Professor Thomas Cooney. Thomas […]
      promotingenterprise
    • It’s that time of year again – Youth Essay Competition (YEC) 2022 is launching soon! May 17, 2022
      The launch of the seventh edition of the SME Week Youth Essay Competition is imminent. Work is continuing on the concept for this year’s competition and we will make an announcement soon – so make sure to check the Prompting Enterprise portal regularly for details. In the meantime, read on to learn about the competition […]
      promotingenterprise
    • EEPA Compendium now available! May 13, 2022
      In 2021, the European Enterprise Promotion Awards (EEPA) celebrated its 15th edition and continued to award projects that demonstrate the pinnacle of innovation and entrepreneurship in Europe. Despite the continued influence of the global pandemic, with COVID-19 still having an impact on the SMEs and the European economy as a whole, EEPA made sure that […]
      promotingenterprise
    • Introducing the 2022 EEPA Jury May 4, 2022
      Today on the Promoting Enterprise news portal, we are excited to introduce you to the seven 2022 European Enterprise Promotion Awards (EEPA) jury members. The EEPA jury is made up of representatives from the European Commission, business associations, academia, the current European presidencies, and the last Grand Jury Prize winner. Let´s give a warm welcome […]
      promotingenterprise
    • Initiatives support refugees fleeing Russia’s aggression against Ukraine April 29, 2022
      Europe has seen millions of refugees fleeing Ukraine following Russia’s unprovoked and unjustified military aggression against its neighbour. According to the United Nations, more than 12 million people are believed to have fled their homes in Ukraine since the conflict began, with 7.1 million Ukrainians displaced internally and 5.2 million fleeing to neighbouring countries and […]
      promotingenterprise
    • IP a critical issue for SMEs April 26, 2022
      April 26, 2022 is World Intellectual Property Day and, to mark the occasion, we would like to focus on the importance of intellectual property (IP) for small and medium-sized enterprises (SMEs) and highlight the support that is available to enable SMEs to manage and valorise their IP. IP is a business tool that allows SMEs […]
      promotingenterprise
    • EEPA: The Grand Jury Prize April 22, 2022
      In addition to the winners in each of the six European Enterprise Promotion Awards (EEPA) categories – we have introduced you to all six categories in previous blogs on the portal – every year the EEPA Jury selects a project to receive the Grand Jury Prize. The winning project can be from any category and […]
      promotingenterprise
    • EEPA Category 6: Responsible and inclusive entrepreneurship April 19, 2022
      We have already introduced you to the first five categories in the European Enterprise Promotion Awards (EEPA). Today, it is the turn of the sixth and final category – Responsible and inclusive entrepreneurship. This category aims to reward projects that offer new and innovative solutions and approaches to promote socially and environmentally responsible business. This […]
      promotingenterprise