Affirming A Values-Based Approach to Business
We are a nation rightly proud of our rich heritage of entrepreneurs, innovators and creative people. Indeed, some have even argued that "Scots invented the modern world". But alongside our nation's inventiveness, we also celebrate a proud heritage of philanthropy, of business carried out for good, and a determination to give something back to the rich culture that created us.
In driving forward entrepreneurship and innovation, we believe that:
- The ambition, drive and leadership of individuals is crucial and must be nurtured and developed within school and beyond.
- An entrepreneurial mindset can be learned and a culture that supports it created.
- Entrepreneurial and innovative companies are found across all business sectors.
- While many innovations are technology-based, other forms of innovation can equally provide a competitive advantage - it is the potential to create value and accelerate growth that is important.
- A range of business models are important, including employee ownership, co-operatives and social enterprises.
- There should be greater inclusion and involvement in entrepreneurship and innovation across society.
- Internal entrepreneurship and innovation - intrapreneurship - is crucial to companies wishing to keep their competitive edge in a global market.
- Design, design-thinking and creativity are part of an innovative approach.
- Increasing collaboration within and beyond Scotland, and involving the public, private and third sectors working together, is key to success.
- The public sector has an important role in creating a supportive business environment for entrepreneurship and innovation; in being a role model for innovation; through novel approaches to procurement; and in seeking to stimulate both innovation and market demand.
- Last but not least, everyone needs a helping hand sometimes. It is essential therefore to remember to pay it forward when we encounter success.