The Butterfly Effect for MSMEs

Monday, March, 2, 2020

The Butterfly Effect for MSMEs

Monday, March, 2, 2020

Can Small Changes in Entrepreneurship Lead to New Global Outcomes?

What does the “I” in globalization represent? Perhaps it is the individual small business owner, trying to eke out a living. The incubation of innovation by institutions triples the “I” as universities and foundations that support university research establish formal operations designed to help individuals who are potential entrepreneurs actually initiate entrepreneurial ventures. Or it might be investment innovations designed to increase profits for financial institutions.
 
An underlying metaphor for all of the above is known as “the butterfly effect.” In its best-known form, the butterfly effect shows how the flap of a butterfly’s wings in Brazil has a tiny (but crucial) effect on the wind in the immediate vicinity. This, in turn, has a stronger effect on wind patterns and, ultimately, on weather. The final effect, carried out after a long series of increasingly strong impacts, is to create a tornado in Texas. Consider how each of the following actual and potential butterfly effects, represent one or another interpretation of the “I” in global (Read more…).