Crisis is an overused word, from the daily crisis at home to the continuing crisis in our schools to crisis management. But in "In China's Shadow" (2006, Yale University Press), a slim book subtitled "The Crisis of American Entrepreneurship," author and former Federal Communications Commission Chairman Reed Hundt makes a powerful case that the competitive challenge posed by China can be met by the renewed and expanded practice of entrepreneurship.
However, Hundt, a principal at Charles Ross Partners LLC, a private investor and business advisory service, and a board member at Intel Corp., is not advocating incremental change. Rather he's calling for disruption. For example, says Hundt, "American workers must support speedy turnover of employers and employees, even though that means everyone will move from job to job more quickly and face greater uncertainty in career progression."
