Managing the Transition to an Entrepreneurial Society

by Isabella Mader and Wolfgang Müller

Entrepreneurial Society seems to evolve in such a way that a society of employees slowly morphs into a society of entrepreneurs. The tendency of a decrease in employment and the rise of freelancing materialized in a record of 40 percent of US workers in insecure contingent jobs in 2015 [1]. The future of work seems to be that employment is dying altogether, but work seems to be re-inventing itself through the rise of freelancing: while corporations are laying of millions of staff they appear to be sourcing work back in from freelancers. On the one hand, the network economy can be the chance for millions to create work for themselves in a self-responsible manner; on the other hand, there is stiff competition from low wage countries on freelance platforms. Angus Deaton [2] argued that the latter enables developing countries to better participate in international growth. Such a profound re-composition of society, currently generating dystopian forecasts of mass unemployment and weak economies, needs to be addressed in public policies to ensure a smooth transition to this new era in order to enable economic growth while maintaining social stability.

The following thoughts may serve as a contribution to the discussion about the policy frameworks that may be needed for economies to thrive in an Entrepreneurial Society:

Continue reading: http://www.druckerforum.org/blog/?p=1228

Industrial vs Entrepreneurial Society before after_c

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