Skip to main content

Off to the USA



In about an hour, I am off on my trip to the USA for a few days, where I have been invited to give my views on the Welsh economy and the influence of entrepreneurship on creating future prosperity.

I will be visiting the University of North Carolina (UNC) to meet with organisations involved in developing enterprise, innovation and leadership studies. The visit will culminate in giving a keynote lecture to staff, students and local businesses entitled “Reawakening the Dragon: Developing the Welsh Economy for the 21st Century”.

I am honoured to be invited to give this lecture and to discuss what is happening in Wales in terms of entrepreneurship and the economy and, more importantly, to spread the message about how Welsh entrepreneurs are developing and growing their businesses.

More importantly, I am grateful to one of the University's benefactors, Ms. Rebecca Lloyd, who has provided a stipend to cover the costs of my visit, and who cares deeply about Wales as a result of her Welsh ancestry.

As this blog has emphasised on a number of occasions, Wales needs to build greater links with the USA. More importantly, I hope this lecture will makes some contribution to promote Wales, and the best of Welsh business, to individuals and businesses within one of the most innovative regions in the USA.

Hopefully will get a chance to blog during my visit.

Comments

Anonymous said…
I drafted quite a lot of patents for a big company based in the Research Triangle in NC - I hope you don't get asked about how bad Wales is at protecting its intellectual property. Sorry, but it's pretty clear, Wales sucks on the IP front.
Anonymous said…
Bon voyage! ;)
Anonymous said…
I am welshman who has lived in US for 9 years. You will not like to hear it but Wales is off the radar to most US companies. Asia is their focus: Cost and access to growing market.

Your trip to NC sounds like a nice little vacation under the aegis of promoting Wales. I guess that makes you entrepreneurial.
Maybe, but you have got to start somewhere and there are certainly lessons Wales can learn which I hope to take back with me.

It certainly doesn't hurt to make new friends sometimes.

Indeed, did you know that it is the USA which is the largest inward investor into Wales, so there is something to build on.

Popular posts from this blog

THE IMPORTANCE OF FRANCHISING

When we talk about start-ups and entrepreneurship, rarely do we discuss the potential of franchising not only as a way of establishing new ventures in the economy but also as a method of growing existing businesses. According to the British Franchising Association, franchising is the granting of a licence by one person (the franchisor) to another (the franchisee), which entitles the franchisee to own and operate their own business under the brand, systems and proven business model of the franchisor. The franchisee also receives initial training and ongoing support, comprising all the elements necessary to establish a previously untrained person in the business. This enables individuals to start their own businesses without having to develop their own ideas and utilising an existing brand and established market. Of course, whilst each franchise business is owned and operated by the franchisee, the franchisor controls the quality and standards of the way in which the business is

THE MANUFACTURING STRATEGY FOR WALES

Last night, I received the following comment on the previous post relating to a piece I had written back in early 2007 about the state of the manufacturing sector in Wales. "Dylan, you seem to be ignoring the fact that manufacturers in Wales have written the manufacturing strategy. Small and large manufacturers, all represented at the Manufacturing forum, have co-written this strategy. WAG has recently supported this strategy and have funded a co-ordinator with resources. Manufactures are happy with this progress as they are following the strategy they wanted. I know that the Conservatives have attacked the strategy as they seem to think that WAG wrote the strategy. They couldn't be more wrong. The Manufacturing Strategy was written by manufacturers, for manufacturers and is supported by WAG. If you don't agree with this, then I can invite you to the next Manufacturing Forum and you can explain to the manufacturers how their strategy is wrong....I appreciate that there is

INTRAPRENEURSHIP

Whilst we often consider entrepreneurship to be associated predominantly with new start-ups, larger firms - in order to compete effectively in fast-changing global markets - are adopting more innovative and enterprising approaches to management within their organisations. One of these approaches is the development of entrepreneurship within a corporate environment (or intrapreneurship). Research has shown that intrapreneurship is not easy, and there are considerable differences between an intrapreneurial and a traditional corporate culture, with the latter having an emphasis on a culture and reward system that tends to favour caution in decision-making. For example, large businesses rarely operate on a "gut-feeling" for the market-place, as many entrepreneurs do. Instead, large amounts of data are gathered before any major business decision is made, not only for use in rational business decisions, but also for use as justification if the decision does not produce optimu