Many of today’s major businesses and companies were once started by a single person, someone who so strongly believed in an idea that he was ready to stake his life savings and even borrow money to make his dream come true. That is what we call the spirit of enterprise.
In many cases those small, start-up businesses have developed into large, successful operations, now run by second- and third-generation family members. This issue of Evolution looks at two such companies: Haeusler AG, builder of some of the world’s biggest metalworking machines, and Lux-Werft und Schiffahrt GmbH, builder of pleasure boats and paddleboats.
However, finding the money to start a new business may prove to be very difficult these days. The present financial crisis, which has rapidly spread around the world, involves some controversial strategies for handling credit risk, including financial instruments whose creative origins are now being questioned by many.
Meanwhile, US urban scientist Richard Florida talks about a different type of creativity. Renowned for his concept of the “creative classes,” Florida promotes the three Ts of economic growth in cities: technology, talent and tolerance.
Enjoy your reading!