"We need to encourage corporate entrepreneurship"
There is much academic literature and evidence to support this. Conversely, the short-run requires that big business, leverage its wherewithal to stimulate job creation and economic growth. In their empirical study on different entrepreneurial activities and their impact on both GDP and Employment (Harmina, Dumicic, & Cingula, 2014) found that GDP per capita is mostly positively moved by corporate entrepreneurship activity and much less bynascent activities.
Their statistical findings are plausible and immensely important because they are consistent with most research that found that in low to middle income countries, nascent activities are dominated by necessity entrepreneurs, who possess low levels of education and experience, and thus fail to make a significant contribution to GDP per capita or job creation.
It is easy to see how a large and established supermarket chain can simply use the combination of strong capital, experienced management and existing relationships to quickly set up a new branch and with it create a hundred (100) jobs. For this reason, we must encourage big business to unlock its stockpiles of cash and pursue expansion opportunities that will lead to increase demand for labour and more GDP growth.<span style="font-size:12.0pt;mso-bidi-font-size:11.0pt;font-family:"Arial",sans-serif;mso-bidi-font-family:"Times New Roman";mso-bidi-theme-font:minor-bidi">
Latest on Business Ignite