World's Influential Entrepreneurs to Watch in 2022

Thenumberofentrepreneursisgrowing!Weinvestigatethe numerouscausesofthisupsurgeaswellashowmodern entrepreneursdifferfromtheirforebearsintermsofhow theyapproachbusiness.

Entrepreneursnowadaysdefinitelythinkdifferentlythan theydidinthepast.

Butbeforegettingintoit,let'slookintotherecentincrease inthenumberofbusinesses.Therehavealwaysbeen entrepreneurs,butthenumberhasincreasedovertime, mostlyasaresultoftheriseofventurecapitalistsandangel investors,whomakeitsimplerforindividualswhowantto launchtheirownfirmtosecurefinance.

Whileentrepreneursmuststillworkhardtoattract investors,itisfarsimplertodosonowthanitwasinthe past.Entrepreneursrelymoreonthefinancialsystemnow thaneverbefore.Otherfactorsthatsupport entrepreneurshipincludethevariousinnovativeservices providedtosupportnewenterprisesandtheliberalizationof thebankingindustry

Thedesiretostartearlyisanothertrendthatisgradually becomingmorepopular Whileinthepastindividuals preferredtobecomefamiliarwiththegame'srulesbefore testingthewaters,today'sbrightyoungbrainsarebravely divinginheadfirstwithoutgettinganypractice.The minimalagetoestablishabusinessisdiscoveredtobeas youngas14,albeitthismayhaveitsowndrawbacks, accordingtoaNewsweekpoll.

Regardlessmatterhowentrepreneurshavedevelopedand changedovertime,onethinghasremainedconstant.Most entrepreneursaremotivatedbyadesiretochangethings, especiallythosewhodidnotgrowupinafamilyof companyownersandwhoselectedthiscareerpathmore outofadesiretofollowtheirownambitionsthancarryout

WORLD'S INFLUENTIAL ENTREPRENEURS TO WATCH IN 2022

others'ideas.Theincreaseintheseinventiveindividualshas increasedglobaleconomicgrowthandacceleratedthatof developingnations.

InthisspecialeditionofWorld'sInfluentialEntrepreneurs toWatchin2022,World'sLeadershasselectedsomeofthe mostinfluentialentrepreneurswhohavesuccessfullymet thechallengesoftherecentpastandhavethrivedin2022.

ThecoverfeaturesDr.EmmanuelLamptey,founderand CEOofEnvaservResearchConsult(ERC).Thenecessityat thetimetohaveacomprehensive,multifaceted,andallencompassingenvironmentalorganizationthatwould providecustomizedservicesandenvironmentalsolutionsto clientsintheindustrynecessitatedtheestablishmentof ERC.Theneedforqualityresearchandaccuratedatathat mighthelpcustomersmakedecisionsaboutpoliciesand plansofenvironmentalstewardshipwascrucial,coupled withanemergingfieldandtheexigencyforastop-shop environmentalsolutionserviceprovidersupportedwith cutting-edgeenvironmentallaboratorywerethemotivating driversforDrLampteyintheformationofEnvaserv ResearchConsult.

Whilewecometotheend,pleasedonotforgettoreadthe CXOstandpointswrittenbyindustryexpertsandthe informativearticlespenneddownbyourin-houseeditorial team.

How Do Modern Entrepreneurs Differ from Earlier Generations?

Dr Emmanuel Lamptey

Striving to be a Niche Player and Household Name in Environmental Consultancy Industry

What if you showed up for work one day only to find that half of your clientele had switched to your rival?

If the thought of revenue declines, acquisition costs, and the year's KPIs on declension has just given you cold sweats, then your disregard to clients' satisfaction, will make you run the danger of a victim. Customers who are satisfied and loyal to a brand are a key growth lever. Business and product decisions are influenced by customer satisfaction. It makes you stand out from the competition. Meet Dr. Emmanuel Lamptey, founder and CEO of Envaserv Research Consult (ERC), as he focuses on providing environmental solutions to clients and ensuring their optimal satisfaction.

InceptionofEnvaservResearch Consult(ERC)

InSeptember2011,EnvaservResearch Consult(ERC)acquiredthenecessary legaldocumentationtofunctionasan entity Thenecessityatthetimetohave acomprehensive,multifaceted,andallencompassingenvironmental organisationthatwouldprovide customisedservicesandenvironmental solutionstoclientsintheindustry necessitatedtheestablishmentofERC. Theneedforqualityresearchand accuratedatathatmighthelp customersmakedecisionsabout policiesandplansofenvironmental stewardshipwascrucial,coupledwith anemergingfieldandtheexigencyfor astop-shopenvironmentalsolution serviceprovidersupportedwith cutting-edgeenvironmentallaboratory werethemotivatingdriversforDr LampteyintheformationofEnvaserv ResearchConsult.

Backthen,therentalrequisitionfora pieceofenvironmentalmonitoring equipmentwereonlyavailablebya weekortwotherebydisruptinga plannedusageforfield assessment/researchforprimarydata collection,whichoutcomesfrequently areinformationprecedingorrequired forclients'advisoryservices. Essentially,thelackofstate-of-the-art

Itools/equipment,lengthydurationin theacquisitionofprimary environmentaldataduetononavailabilityofthetoolset/equipment, thelackofall-encompassing environmentalconsultancyfirm, coupledwiththeneedforaccuratedata andinformationforcritical environmentaldecisionslentimpetus totheformationofEnvaservResearch Consult.

ServiceswithAdditionalValue

EnvaservResearchConsultLtd.isa multifunctionalenvironmental managementconsultancyand laboratorytestingcompanythat providescutting-edgesolutionsand serviceswithhighqualitybespoke productsandresultsontimeandwithin budgetaryrequirementstoclientsin theoilandgas,mining,agriculture, transportation,construction, manufacturing,andtelecommunication industries,andwethuscreateashared valuebeyondcompliance.The companyoffersclient-focusedand environmentallysustainablesolutions toclientsinthepublicandprivate sectors.ThecompanyisaleadingISO certified(ISO9001:2015) environmentalconsultancyandISO accredited(ISO/IEC17025:2017) environmentaltestinglaboratory withinthesub-region.

Itoffersmultidisciplinary,one-stop environmentalservicesinthe followingfields:environmental assessments(suchasESIA,SEA, ESMP,andPER);socialconsultations (suchasRAP,community/stakeholder engagements);marine geophysical/hydrographical surveys/research(suchasSBES, MBES,SSS,andMetocean);marine geotechnicalsurvey/research(suchas vibro-coring);marinesediment characterization(e.g.sedimentgrab, macrobenthicfaunisticanalysis,&

photography);aquaticecological studies(e.g.fisheriessurveys& biodiversitystudies);waterquality& aquaticplumemodeling;airquality& emissiondispersionmodeling;climate impactassessments;geospatial analysis;agricultureresearchandsoil testing;qualitytestingforexported& importedproducts;;petroleumPVT analysis/studies;andfacilityinspection &materialtesting.

Thecompanyprovidestheseservices inanenvironmentthatvalues professionalism,safetyawareness, high-qualityresults,promptservice delivery,withhighethicalstandards andexcellentperformanceculture.

ResponsibilitiesandRoles

Asthecompany'sfounderandCEO, Dr.Lampteyisprimarilyfocusedon thecompany'soverallgrowth, profitability,andsustainability. Creatingastrong,committed, innovative,andmotivatedworkforce; ensuringthatthecorporate performancecultureisoptimised; givingcustomersatisfactionatop priority;andcreatingstrongmarket penetrationandbuoyancystrategiesare theactivitiesthatensurerealisingthe CEO'sgoals.Additionally,he communicateswithhiscustomersto makesuretheirneedsaremetontime andwithintheirsetbudget.His responsibilitiesasaCEOalsoinclude overseeingregularcorporate operationsandprovisionoftechnical helptokeydepartments.

Dr.Lampteystates,"Ostensibly, the success of the company will inure to my success as an innovative and transformational CEO.”

CultureandValues

Organizationalstrategymusttakeinto considerationthecorporatecultureand

values.DrLampteybelievesthattrustisbuiltonpersonal andprofessionalintegrity,andthushisactionsconsistently demonstrateapersonaldedicationtothehighestethical standardsinhisservicedeliveryandcontactswithclients. Corporatecultureandvaluesarefundamentalguidingtools thatdriveacompany'sleadershipdirectionandoverall growth.Professionalism,qualityservices,bestpractices, promptservicedelivery,andcustomerhappinessarethe cornerstonesofthecompany'sbusinessbeliefs.Theteamat EnvaservResearchConsultalignswellwiththestated businessstrategicgoalsdueingreatparttoitscorporate values.Thecorporatecultureisoftenshapedbythe corporatevalues,whichsupportthegoalsofexcellent corporateperformance.Thesevalueseventuallybecomethe cornerstoneofthecompany'sperformanceculture,driving theentirebusinessgrowth.Performanceculturereferstoan organization'soveralloperationalbehaviourthatsetsit apartfromcompetitorsinachievingtheoverallproject goalsortaskexcellence.

LeadershipMethodology

Sincehisclientsandemployeesarethefoundationofhis businessfocus,Dr.Lamptey'sleadershipstyleisthus employeesandclient-centred.Hiscompanyphilosophy includesmakingsurethatasuitableworkingatmosphereis created/providedforthestaff.Leadershipprovidesthe opportunitytocommunicateandprovidestrategicdirection tothecorporateteam.Aleaderisforcedtoconstantlybeon thealerttokeeppacewiththefastevolvingcorporate ecosystem,whichincludesinnovation,technological advancement,talenteconomy/management,customer dynamics,andmore.Asaresult,onemustconstantlyupskilltostaycurrentandavoidfallingbehind,whichmay haveatellingonthecompany'sfortune.Hecanmaintain hisleadershipstyleiftheteammemberssupporthimand tasksarecompletedtoclients'utmostsatisfaction.Effective planningandthoroughpreparations,andflexibleexecution aresometacticsneededasaleader.Hehasconsistently intimatedthatastheorganisation'smaingoalistoprovide clientswithbespokeenvironmentalservices,themore solutionshecanoffertosatisfycustomers,themore energisedhewillbecome,therebysustainingboththe entrepreneurialspiritandthebusiness.

NoTaskisBeyondOurCapability

Dr.Lampteyandthecompanyfacedmanydifficultiesbut wereableto surmountthem,thosehavebuiltastrongcandoattitudeandthebeliefthat"notaskisbeyondour capability".EnvaservResearchConsultfrequently

encountersavarietyofinnovativesolution-demanding challengesbecauseitsprincipalgoalistoprovide professionalandcustomisedenvironmentalsolutionsto clients.Theone-stop-shopphilosophyandmultifaceted serviceportfolioofthecompanyare resultofthe difficultiesitovercameasacompanyandthesatisfactory servicesrenderedtoitsnumerousclients.Challengesforce onetoalwaysthinkcreatively,flexibly,anduniversally Duetotheexperiencegainedfrompastcircumstances,it alsopreparesonetodealwiththeupsanddownsofthe businessecosystem,andtheabilitytotraverseVUCA situationswithease.

“

I am absolutely in tune with the statement that "Challenges make you stronger". This can be likened to (or synonymous with) "necessity is the parent of innovation".”—Dr Emmanuelproclaims.

Everypersonorbusinessentityexperiencesdifficultiesand setbacksinthebusinessmilestone.AccordingtoDr. Lamptey,therewereanumberofrelevantindicatorsthat couldhaveexpeditedthecompany'sgrowthbutwere naivelyoverlookedatthetimeowingtoalackofexpert knowledgeorinformation.Thecompanydidn'tstartout withaclearmarketingstrategytofigureouthowto outsmartitsrivalsandeffectivelyentertheyawning businessmarketatthetime,whichmighthaveprovidedthe opportunitytobecomeanicheplayerinusurpingthe marketinthesector Additionally,thedecisionnottoaccess abankfacilityduetoexcessiveproceduraldemands significantlysloweddownthebusiness'sexpansionandits acceleratedgrowth.Duetothese,thecompanylost importantcontractsthatwouldhaveimproveditsportfolio andincreaseitsmarketsharesintheindustryspace.

AdvicetoNewLeaders

Influentialentrepreneursarethosethatcreatea comprehensiveplanformovingforwardwithavisionor task,abletoengineerandassemblethenecessary/needed tools,talents,skillset,andmindsetforexecutionof goals/projects.Theyareadeptatefficientlyandeffectively managingcorporatetalents,fosteringanexcellent performanceculture,andemphasizingteammotivationand rewardaswellasportfoliomanagementasawhole.

Dr.Lampteycounselsthenextgenerationofentrepreneurs tobemoreadaptableinlightoftheabundanceofavailable knowledge.Theyshouldbeawareoftheobstaclesinthe wayofsuccessfulentrepreneurship,though.Itisfilledwith numeroussetbacks,disappointments,rejections,and failures,buttheymustneverlosefocusbecauseevery obstacleoffersachancetolearnsomethingnew

“Conclusively, the next generation of entrepreneurs should know that cutting a straight tree requires standing on a cooked tree.”-Emmanuelsays.

Vision

Dr. Emmanuel Lamptey envisions a flourishing company that offers clients in the oil and gas, mining, agriculture, manufacturing, transportation, construction, and telecommunications industries, bespoke environmental solutions/services. His business aspires to be the leading provider of environmental solutions, and he is enthusiastic that he and his staff are on the right track to success. He expects the company to forge a strong partnership with academia and governmental institutions/agencies for sound collaborative environmental research.

Group President Blue Beat Digital

BARRY TAITZ

A LEADER OF VISION AND HOPE

GroupPresident ofBlue BeatDigital,BarryTaitz beganhisjourneyinSouth Africaasaone-manoperationwitha sprinter,goingdoortodoor,selling mobileSIMcardsandimporting accessoriesanditemsfromChinafor theSouthAfricanalternativeand ruralmarkets.

Despitehishumblebeginningsina smallsuburbofCapeTown,Barry hasalwaysusedhisinitiativeand beenresourceful.Hehasthecourage andgrittogooutanddowhateverit takestoachievehisgoals.He believesthatempoweringand enhancingthelivesofothers,isthe keytosuccessandwealthcreation.

Blue Beat Digital

TheUSAbusinessstartedasadigital marketingande-commercecompany supplyinganddistributingsomeof theworld'smostrecognizedmobile accessorybrandsundertheir rd umbrellaonvarious3 party platformssuchasAmazon.BlueBeat Digitalalsodevelopedarangeofits ownaffordableaccessoriessuchas cables,wirelesschargers,power banksetc.In2019/2020,BBDwas awardedthefastestgrowingbusiness customeronAmazon.WhenCovid hitBBDwasabletouseitsonline presencetosellhugelydemanded PPEitemsonAmazonandwenton todevelopitsownspecialized websitefortheseitems.

Barryreferstoitas "Thriving on the opening of digital doors, whether it be third party e- commerce sites or your own digital platform with the application of very different and unique marketing techniques. The

objective is to capture the customer, and the brand essence on all the different platforms.”

Asaleaderinthemobiledistribution industry,thecompanyis continuouslylookingforcommon groundbetweentheorganizationand itscustomers,intendingtocreatea senseofunityandadreamteam environment.Throughfocus, intentionsetting,andcuttingoutthe mentalclutter,theycanworktowards beingmoreefficientandeffective,

whichincreasestheirabilityto achievethecompany'sobjectives, goals,andtargets.

As CEO Barryisawell-recognized entrepreneur,innovator,andchange agentwhohasnotonlybuiltsome innovativebusinessideasbuthas alsopushedandtransformedthe globaleconomyforthebetterwith hisexperienceindistributioninto untapped/ruralmarkets.Barryrelates

toentrepreneurssuchasElonMusk andBransonthatstartedoutjustlike him,whichencouragedhimto broadenhisworldwidebusiness visionforthetelecom/mobilesector

"Anyone with grit and determination can undoubtedly change the world".

AccordingtoBarry,asaCEO,you arefrequentlyinthespotlightand expectedtoprovidedirection, leadership,andinspiration,sothere islittleroomforerror.Knowingthis, henolongerseeshiserrorsas failures,butratherasopportunitiesto learnanddevelop.Tomeetsomeof

hischallengesasaCEO,hehas realizedthatsettinglimitsiscritical tohavetheenergyandtimetofocus onthecompany'sgoalsandstay aheadoftheinnovationcurve.

"One of the benefits of being a CEO is that you are your own boss and may make your own decisions. Being at the forefront of Blue Beat Digital allows me to let my creative energy flow freely while having fun and trying new things", explainsBarry.

"I feel that having wealth enhances who you are; the more wealth and abundance I create, the more I can

serve others, and the very opportunity to give and choose who I help and empower every day makes me a better person, and that is the ultimate measure of my success". Barryhasbeendrivingthe organizationtonewheightswithhis determination.

How Digitalization ENTREPRENEURSHIP IMPACTING

TTheentrepreneurial environmentis becomingmore digitalizedasaresultof aconstantconnectionto dataandasignificant transformationprocess, whichencourages businessestoadopt carefulstrategic planninginorderto advancetheir development.Theeconomicclimateofthetwenty-first centuryrevealsacontinuousriseineconomic globalizationundertheinfluenceofdigitizationand influencedbytheongoingdevelopmentofnew informationandcommunicationtechnologies.

Thedigitalrevolutionpresentsachanceforthe entrepreneurialecosystemtoadvancetothefollowing level.Inordertopromoteandelevatethesignificanceof thischangethatwearecurrentlyexperiencing,digital technology,data,andanalysismaybeemployedas driversofdigitaltransformation.Challengesrelatedto digitaltransformationareaimedtowardsthedigital revolution.Whileit'sprobablethattechnological behemothswillkeepexpanding,thistransformationwill enhancechancesforpeople.Theleadershipofthe establishedfirmsisrighttobeconcernedabouthow technologyisdisruptingthebusinessclimate,though, sinceeachchangecausesadominoeffecttospread acrosstheglobalentrepreneurialecosystem.

Thefoundationofthedigitalrevolutionisinventionand creativity,whichareessentialtotheglobalizationof entrepreneurshipandthecontinuationofthis transformation.Today,innovationismorewidely availableandisbeingusedatallcorporatelevels.Given thesignificantchangesthathaveoccurredoverthepast tenyears,thenexttenwilllikelyseeevenmore disruptionsandchanges.Itisaprocessofongoing improvementwiththeultimategoalofenhancinghuman welfarethrougheconomicgrowth.

Entrepreneurshipiscrucialinthe21stcenturyforgiving peoplepossibilitiesandimprovingtheirabilitytohandle obstaclesinthefuture.Fromaknowledgeofthe advantagesoflearningculturebypracticeandfrom

entrepreneurshiptoenterprisesthroughouttheworld, supportiveentrepreneurshippolicieshavebeenformed. Initiativestoencourageentrepreneurshiphavemultiplied inrecentyears,includingbusinessincubators,start-ups, andmentorshiporganizations.

Therevolutioninknowledgeandcapacitytoadapttothe newisoneofthedrivingforcesbehindthedigital revolution.Onlylaborandcapitalhavebeen acknowledgedascomponentsofproductioninrecent decadesbytheneoclassicaleconomy.Thisiscurrently changing.Knowledgeandinformation,justasthosetwo latteritemssupplantedlaborandland200yearsbefore, arethekeysourcesofwealthcreationinthenew economy Additionally,technologicaladvancementsin the21stcenturyhavemovedthemajorityofwealth generationawayfromphysicalproductionandtoward knowledge-basedproduction.Knowledgeand technologyareimportantcomponentsofmanufacturing. Knowledgeandexperiencemaybeimmediately communicatedaroundtheworldduetotheincreasing mobilityofinformationandtheglobalworkforce,and whateveradvantageacorporationhasachievedcouldbe completelydestroyedbyovernightcompetition advancements.

Theonlycomparativeadvantageabusinesswillhaveis itsinnovationprocess,whichcombinestechnological know-howwiththeinventiveskillsofknowledge workerstoaddressaconstantstreamofcompetitive issues,aswellasitscapacitytoderivevaluefrom informationintheknowledge-basedeconomyand knowledgemanagementinthenewinformationsociety Knowledgecreationandresearcharebecomingmore andmoreimportantdifferentiators.

Technologymayenhancetheeducationalprocess, makingskillandintellectualprowessincreasingly crucialtodevelopsomethingdistinctiveandgenerate moneyforfuturegenerations.Thefirmbecomesmore digitalized,creatingacreativeatmospherewhereitis possibletoobservemarkettrendsandtheopportunities presentedbycutting-edgetechnology.

Professor RUHR-UNIVERSITÄT BOCHUM

Prof. Graham Weale

A Recognised Expert in Energy Markets, Energy Strategy and Energy Transitions in the EU / USA

Prof. Graham Weale has worked with all types of energy for more than 40 years. He teaches energy economics at the German Ruhr University in Bochum's Center for Environmental Management, Resources, and Energy.

With his comprehensive knowledge of economics, energy policy, and technology, he is able to provide insightful analysis of energy trends and provide a welcome dose of reality check for governments' lofty objectives. His ability to challenge the status quo and think outside the box makes him a highly sought-after guest speaker.

Prof. Weale, who is fluent in both English and German and travels as needed both inside and outside of Europe to deliver his presentations, lives and works in the industrial Ruhr region of Germany and has strong ties to both power firms and energyintensive industry.

Belowarehighlightsoftheinterviewconductedbetween World'sLeadersandGrahamWeale:

Describewhoyouareasaperson,insideandoutside oftheworkplace.

Iamaverycreativepersonwithaninsatiablecuriosity toalwayslearnmoreandhaveapassionforenergy, whichIhaveexercisedforover40years.Havingbegun workasaphysicistintheelectronicsindustry,Idecided tomoveintoacareerwithamuchstrongerinternational dimensionandmadethetransitionintoenergy,starting withExxonMobil,fromwhichIneverlookedback.

Outsideoftheworkplace,Iamaveryhappilymarried manwithtwosonsandtwograndchildren.Musicismy mainhobby,andIplayinGermany'sManagement SymphonyOrchestraaswellasinachambermusic societywhichIfounded.

IamalsoacommittedChristian,andasatrained scientist,Ifindthatmybeliefsandscienceareinperfect harmony.Withmywife,wearemembersofanAnglican

ChurchinDüsseldorfandhavealsofoundedaGermanspeakingchurchwhichmeetsinourlivingroom.

Describeyourbackgroundandwhatdidyoudobeforeyou joinedtheRuhrUniversityBochum?

AftermyeducationinscienceatOxfordandengineering,I workedinthedownstreamdivisionofExxonMobil,bothin logisticsandinoneoftherefineries.Mymajorachievement duringthattimewasintroducingasystemthatgreatly improvedrefiningprofitability.

MynextmovewastogetanMBAspecializingineconomics andfinance.Thiswasthebridgetomysubsequentcareerasan energyeconomist.

For25years,Iworkedasanenergyconsultant,finallyas DirectorofEuropeanConsultancyforGlobalInsight,nowpart ofStandard&Poors.

MyconsultancyworkcoveredallformsofenergyandIhad clientsinmostEuropeancountries,includinggovernmentsand theEuropeanpermission.

Itwasthejunctionbetweentechnologyandeconomicswhich particularlyinterestedme,andIwascreditedasthefirst consultanttodrawEurope'sattentiontothepotentialfor combinedcyclegasplants,whichIlearnedaboutwhilst visitingTurkey,tomakeamajorcontributiontopower generation.

MyworkonnaturalgaswasparticularlystrongandIwas frequentlyengagedasanexpertwitnessinhigh-profilecontract arbitrationdisputes.

Inmyearlyfifties,IwasappointedChiefEconomistofRWE AG,Germany'slargestpowergenerator.Thisentailedleadinga teamtopreparetheforecastsusedforinvestmentand contractingdecisionsandprovidingotheradvicetotheBoard. Towardstheendofmytimethere,IwasaskedbytheChairman toestablishconnectionswithleadingThinkTanksinother EuropeancountriesandtheUSAinordertoidentifypolicy trendswhichcouldbecomeimportantinthecountrieswhere RWEwasoperating.

Now,asProfessorofEnergyEconomicsandPolicy,Ibringmy experiencetobearonthecurrentchallengesfacingGermany andEuropeandalsoseektoinspirestudentstoworkinthis sector.Ibelongtotheinter-disciplinaryCentrefor EnvironmentalManagement,ResourcesandEnergyCURE.

Alongsidemyacademicrole,Iamalsoengagedasaguest speakeratcompanyeventsorinternationalconferences,where Iseektothinkoutsidetheboxandalsotobringsomenecessary realitytocurrentenergypoliciesandtargets.Thesespeeches relyheavilyonmycross-disciplinebackgroundandknowledge ofdevelopmentsacrossarangeofcountriesandenergytypes.

TellusabouttheinceptionoftheRuhrUniversity Bochum.Howdiditallstart?

TheRuhrUniversitywasestablishedinthe1960saspartof themajorpost-warexpansionoftertiaryeducation.Itlies around#15intherankingandisnotableforitsaustere concretearchitecture,whichstandsinstarkcontrasttothe beautifulbuildingsinOxford,whereIstudied.The governmentatthetimeconsiderededucationwasagreat privilegeandstudentsshouldnotbespoiledbythequality oftheirbuildings!

Whathasmadeyousuccessful?Whatdoyouvalue? Severalfactorshavecontributed.First,Iwasfortunateto attendaverygoodprivateschoolwithparticularlygood mathematicsteaching,whichprovidessuchanimportant backgroundforscienceandeconomicsandteachesvery rigorousthinking.

Secondthecombinationoftechnologicalandbusiness educationgavemesomeuniqueinsightsintoenergy challenges.

Third,Ihavebeenverypersistentandopportunistic.Asan energyconsultant,ItravelledwidelyacrossEuropeandthe US,alwaystolearnasmuchasIcouldandbeableto informclientsofdevelopmentsinothercountrieswhich couldberelevanttothem.

WhicharethemajorservicesoftheRuhrUniversity Bochumandhowdothecompanytogetaheadinthe competition?Whatvalue-addedservicesdoesthe companyprovide?

TheRuhrUniversityisamulti-facultyinstitutioncovering science,engineering,economics,medicine,lawandother socialsciences.Itsinter-disciplinarycapabilitiesarea particularsourceofstrength.

WhatarethemostimportantaspectsofaRuhr UniversityBochum'sculture?Whatprinciplesdoyou believeinandhowdoyoubuildthisculture?

Themainaspectsare:

Ÿ strivingforhighacademicstandards,whichcanbe measuredi.a.bypublicationsuccess.

Ÿ inspiringstudentsandtreatingthemfairly,avoidingany kindofdiscrimination.

WhatisthesignificanceofinnovativeideasintheRuhr UniversityBochum?

Innovativeideascanleadtosuccessfulpublications,but moreimportantly,tonewinventionsorconceptsthatcanbe appliedtoimprovesocietyandsolvecurrentproblems.

Giveusyouropinionon;doorganizationsrelyheavily onindividualheroicsorteamprocesses.

Itisboth.Successfulorganisationsneedtheirshareofstar players,who,inthecaseofuniversities,maybebrilliant

thinkersorhighlycreativeindividuals. Butteamworkis alsoimportantsothatthewholeismoreproductivethan merelythesumoftheparts.

WhatareyourresponsibilitiesastheProfessorofthe company?Whatisthehappiestpartofyourdaily routine?

IholdaseriesoflecturesforM.Sc.studentsonAdvanced EnergyEconomics,Policy,andTechnologyandsupervise projectsthatIdesigntoanalysecurrentenergyand environmentalproblems.Inaddition,Iseektopublish academicpapersandguestarticlesinqualitynewspapers.

Whatadvicewouldyougivesomeonegoingintoa leadershippositionforthefirsttime?

Beveryclearaboutyourstrategy—whatyouwantyour teamtoachieveandhowtodoso.Seektobringthebestout ofyourteammembersandplancarefullyhowyouwill allocatetheirtasks.Inspireandencouragethemandmake theenvironmentaplaceoffunwhichteammemberslook forwardtoeveryday.Also,bewillingtotaketough decisions,includingdealingfairlybutrobustlywith underperformers.

HOW ENTREPRENEURSHIP Promotes Economic Growth

Thephrase"entrepreneurship"refers tobeginningabusinessgenerally. Forinstance,HowardStevensonof HarvardBusinessSchooldescribes entrepreneurshipasthe"pursuitof opportunitybeyondresources controlled,"viewingitasatypeof managerialstrategyratherthana particularperiodoftime,suchasthe establishmentofabusiness,ora particularindividualwithina business,suchasitsfounder.

Althoughthelinkbetween entrepreneurship,economicgrowth, development,andwelfareis complicatedforanumberof reasons—someofwhichare exploredbelow—thereisstilla significantriseineconomicgrowth asaresultofentrepreneurship.Itis notapanacea,though,andaswillbe exploredbelow,otherfactorsinthe economybesidesentrepreneurship haveasignificantroleindeciding whethereconomicgrowthtakes place.

Newinventionsthatwilltackle intractablesocietalissueslike climatechangeandstructuralracism arepromisedasaresultofthe entrepreneurialactivitiesthathave compellednewsocial,political,and economicdevelopments.Notably,the

Tconsequencesmightchangeand occasionallydonotproducethe socialjusticeorbeneficial developmentoutcomesthatwerefirst promised.

Theabilitytosolvesocietal challengeshasbecomemore recognizedasakeyroleof entrepreneurshipasithasgrown moresociallyawareoftheeffectsof entrepreneurialactivityonsuch concerns.

Thoughitsproponentsmaynotbe awareofit,entrepreneursdohavea beneficialoverallinfluenceon economicgrowth,eventhoughthe researchsuggeststhattheseeffects varygreatlyacrossdifferent economicsectors.

Theeconomy'smanysectorssee unevengrowthasaresultof entrepreneurship.Inspiteofthe prevalenceofinnovation, entrepreneurs,andinnovation ideology,productivitygrowthhas been"atbestmoderateinrecent years,"accordingtostudiesof economicgrowth.Thisisduetothe factthatinnovationimpacts industriesquitedifferently,meaning thatithasasignificantinfluenceon thegrowthofsomeeconomicsectors butnotallofthem,accordingto researchfromtheNationalBureauof EconomicResearch.

Accordingtoreviewsofthescholarly literature,whilegenerallypositive, therelationshipbetween entrepreneurshipandenhancing welfareisalsocomplex,influenced byelementslikeregionalpopulation, entrepreneurshipdensity,andthe particularindustryinwhichthe entrepreneurialactivityistaking place.

Entrepreneurshipmaybecategorized aseither"opportunity entrepreneurship,"whichismotivated byanapparentbusinessopportunity,or "necessityentrepreneurship,"which resultsfromalackofalternative options.

Itmayalsobelinkedtoweakeconomic growthorlaggingeconomic development,accordingtoexperts,if entrepreneurialactivityisasymptom thattheeconomyisn'tproducing enoughwagepossibilitiesorjobs,asis thecasewithnecessity entrepreneurship.Additionally,some researchershavemadethecasethat, undersomeconditions,economic developmentmaybelinkedtoarisein overallinequality.Forinstance, academicsclaimthatsincethe1970s, incomeinequalityandeconomic developmenthavebeenassociatedwith oneanotherintheUS.

TheBottomLine

Thecurrenteconomicmodelplacesa highvalueonentrepreneurship, particularlyinpost-industrialnations liketheUSwhereplatform-driven businessesandthe"knowledge economy,"whichfrequentlydepends onparticularinnovationsor "disruptions,"havedominatedthe marketandtakensignificantmarket share.

Forpolicymakersandcompany owners,itiscrucialtocomprehendthe connectionbetweenentrepreneurship andeconomicdevelopment.Knowing theadvantagesanddisadvantagesof entrepreneurshipenablesabalanced approachtofosteringit,which,ifdone well,mayhaveagoodeconomicand societyimpact.