BizSugar.com › News and Politics › A Seven-Step Plan for 'Radical Innovation'

The U.S. government has long supported a “big firm” economy with the idea that large companies are the primary drivers of innovation. But that's a recipe for stunted growth.

So say Kauffman Foundation executives Carl Schramm and Robert Litan in an article this month's The American. The U.S. economy needs to grow at a 4% annual clip in the future in order to sustain rising salaries and high standards of living — and that's not going to happen without lots of entrepreneurs building new technologies.

They lay out a plan for achieving a high-growth, entrepreneurial economy through “radical innovation.” Here's a summary: