Entrepreneur Interview – Clyde Prestowitz

Clyde Prestowitz
October 2, 2018

Clyde Prestowitz is the founder and president of The Economic Strategy Institute. This is a global think tank that deals with issues of global trade, investment, and security. Previously he was Counselor to the U.S. Secretary of Commerce, Chairman of President Clinton’s Commission on Trade and Investment in Asia, a member Intel’s Advisory Board, and an advisor to many leading CEOs and governments. He is the author of seven best selling books and speaks six languages.

Entrepreneur Interview Q & A

1.What is the name of your business? What does your business do?

The Economic Strategy Institute. It does research and writing on global economic, technological, and security issues. It also organizes seminars with national leaders and advises global business organizations.

2. Why did you get into this field? What opportunities did you see?

I got into it by accident. A CEO friend once said to me: “Clyde, have you ever thought of using your vast knowledge and understanding of international business and economics to advise companies like mine?”  I never had,  but thought he might have a good idea. So I started.

3. What have been your biggest challenges?

The biggest challenge has always been to find outstanding people to work for and with me.

4. What has been your greatest reward?

The greatest reward has been to see some of our ideas actually adopted in global policies in ways that have changed or will change the global economic system. One example, is the halting of most currency manipulation. We campaigned long and hard against that and have largely achieved our goal.

5. If you could change something, what would it be?

I would start with a bigger financial backing than we had. I had no idea how expensive it is to run a non-profit organization. The needs are enormous and always growing, while the funds available are always relatively small.

6. What advice would you give to a new entrepreneur?

Never give up.

7. Social Media. Yay or Nay?

I’m afraid I see social media as the Great Satan.  I also believe the whole concept is dishonest. The organizers of social media want you to give them enormous amounts of information free while they then go and sell it for fortunes to advertisers. Its a scam with which no honest person would engage him or herself.

8. How do you market your products or services?

Our reports and statements speak for themselves. Beyond that, it is word of mouth.

9. If your business sells products, how do you handle production?

We outsource production of books.

10. What is unique about your business?

Maybe not unique, but it requires the intersection of keen knowledge of international business, international economics, international politics, and assessment of the leaders in those fields. One must know a lot of key people and have key insights into what makes the global world operate without too many hiccups.

11. Sell me your product/service.

I don’t sell. I produce what I think is the best work in my field. I hope you will buy it, but I never directly sell or ask you to buy it. You must find it, look at it, and decide whether or not to buy.

12. How can people get in touch with you? What’s your website url and contact information?

Email: presto@econstrat.org  

Website:  The Economic Strategy Institute

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Nyago Michael Emmanuel

Nyago Michael Emmanuel

We invite many people who can invest in our Akiba Ya umoja community benefit savings and investment group of Uganda to enable us expand our operations in Uganda

Top European Countries to Outsource Staffing to

Top European Countries to Outsource Staffing to

Exploring geographies such as Central and Eastern Europe has been a regular practice for many US-based companies over the past years. These regions offer readily-available and skilled labor with good educational backgrounds and access to IT infrastructure that supports the workflow processes. Moreover, Eastern Europe has established itself as one of the world’s best software outsourcing destinations.

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Why Entrepreneurs Get Health Goals Wrong

The life of an entrepreneur is often glamorized, but behind the success stories and Instagrammable moments, there's a grueling reality that can have significant impacts on one's health. Business leaders face unique challenges in balancing work and well-being. We delve...

Office Security Basics Every Business Owner Should Follow

Office Security Basics Every Business Owner Should Follow

In the dynamic world of entrepreneurship, ensuring the safety and security of your office space is paramount. As a business leader, you understand the significance of a secure workplace environment. By establishing office security measures, you protect your employees,...

The Role of Leadership in Facilitating Virtual Team Dynamics

The Role of Leadership in Facilitating Virtual Team Dynamics

Virtual teams are now fundamental pillars in today’s globalized business landscape. Composed of professionals collaborating across diverse geographical locales, these teams leverage digital platforms to bridge distances and synchronize efforts.
With the rising reliance on this model, understanding and optimizing the dynamics of virtual teams has become imperative for organizational success.

Decisions That Can Be Most Impactful in Real Estate Investing

Decisions That Can Be Most Impactful in Real Estate Investing

Real estate investing offers numerous opportunities for female business, marketing, or HR leaders looking to expand their financial portfolios. The right decisions in this field can lead to robust returns and a more secure financial future. Here are some of the most...