Michael Busler’s working trip
and his previous experiences.

I’m professor of finance at Stockton
University, USA. I teach mostly MBA courses
in Finance, Economics and Entrepreneurship.
In addition, I do consulting work for a
number of small, growing businesses. I have
also owned a few small businesses myself.
Currently, I have a home building and real
estate development company, which I have
operated for more than 40 years.

The main goals and objectives for 2020 and beyond.
Academically, I am continuing to improve my Entrepreneurship class.
Each year I bring in case studies of real companies who have successfully
launched and grown. The exit strategy is discussed, as we evaluate the sell
versus going public option. The class always emphasizes the importance
for the entrepreneur to develop a strong and supportive network.
The challenges facing the innovation and entrepreneurship ecosystem in
developed and developing countries
It is critically important for a firm’s survival to become very innovative.
Successful firms can differentiate themselves through the use of
innovation and innovative techniques. Innovation requires resourcesand
a regulatory climate that allows firms to bring their innovative ideas and
products to the market. Access to capital and a cooperative government
environment are key success factors facing entrepreneurs. Governments
in developing countries should work toward providing access to capital
and toward creating an environment that helps to foster innovation.
Some of the opportunities facing the innovation
and entrepreneurship ecosystem in developed
and developing countries
Opportunities should be very plentiful in
developing countries. Entrepreneurs can
determine the needs on the marketplace which
are many in developing countries. Once the
needs are identified the entrepreneur will move
to develop goods or services that satisfy those
needs. Next the entrepreneur will gather the
resources necessary. Usually, these resources
are limited so that the entrepreneur must
develop innovative techniques. That usually
means broadening the network and increasing
the ecosystem.
and a regulatory climate that allows firms
to bring their innovative ideas and products

to the market. Access to capital and a cooperative
government environment are key success factors facing
entrepreneurs. Governments in developing countries
should work toward providing access to capital and
toward creating an environment that helps to foster
innovation.
Some of the opportunities facing the innovation and
entrepreneurship ecosystem in developed and developing
countries
Opportunities should be very plentiful in developing
countries. Entrepreneurs can determine the needs on
the marketplace which are many in developing countries.
Once the needs are identified the entrepreneur will
move to develop goods or services that satisfy those
needs. Next the entrepreneur will gather the resources
necessary. Usually, these resources are limited so that the
entrepreneur must develop innovative techniques. That
usually means broadening the network and increasing
the ecosystem.
The best innovation strategy implemented to leverage
the ranking of the countries.
An innovation strategy in business is defined as a
commitment to a common innovation mission and a
structured set of activities designed to support the future
growth of an organization.
As such the best innovation strategy is the one that
strengthens and focuses all innovative actives toward
the goal of the innovative process. It also means that
future innovation techniques will be consistent with the
overall goals. Developing countries can often find a niche
in the market that is currently seeing unfulfilled demands.
Focusing on this will allow developing countries to rise in
the rankings.
Michael Busler’s opinion about the roadmap of economic
growth & diversification through Technology, Innovation,
entrepreneurships programs
In the US, 90% of new jobs are created by small business.
The successful small businesses have utilized the rapid
growth of technology to spark the innovation that leads to
growth for the firm and eventually for the country’s entire
economy. For future long-term growth, each country
should provide training to entrepreneurs so that they
know how to successfully guide their venture to success.
The future recommendations which support the ecosystem
of technology, innovation, and entrepreneurship.
Technology, innovation, and entrepreneurship go hand-in-hand to
lead to future success. Blending the three into a successful system is
often difficult. Government can help by providing access to resources
including capital and by providing education programs to help ensure
entrepreneurs succeed.
VIP Interviewee Report
As part of our GCC journal of “Techno park,” we conducted a
series of interviews with high profile experts in the field to better
understand how leadership support the best practices of innovation
& entrepreneurship ecosystem toward smart growth & economic
diversification.
www.gcctechnopark.com

Michael Busler’s opinion about how we deploy the
innovation mindsets in any organization
Organizations must be flexible, adaptable, and agile.
They must be flexible in that they are open to change
—change in operations and business practices.
They must be adaptable in that they monitor and
consider the impact of changing environments on
their businesses. Then consider alternative ways
the firm can adapt to the external changes. They
must be agile in that there is a minimum level of
bureaucracy that slows the implementation of
desired changes.