Entrepreneurship has been recognized as a micro driver of innovation, competitiveness and economic growth. Entrepreneurship in a Schumpeterian view is defined as an attitude of helping innovative ideas become reality […]
Entrepreneurship has been recognized as a micro driver of innovation, competitiveness and economic growth. Entrepreneurship in a Schumpeterian view is defined as an attitude of helping innovative ideas become reality by establishing new business models and at the same time replacing conventional business systems by making them obsolete. Terms like “innovation” and “innovation policy” are increasingly used (and sometimes misused) although their exact meanings are seldom dealt with. At the central level a clear tendency is to highlight entrepreneurship linked to innovation in business. Nowadays, more and more studies have been conducted on entrepreneurship, entrepreneurial orientation, and innovation process. Much evidence has shown that entrepreneurial orientations or activities always lead to superior business performance and economic growth in the developed countries. Entrepreneurship and small businesses have been acquiring a central role with respect to innovation, job creation and economic growth. Consequently, fostering entrepreneurship has become a priority for policy makers. This article reports a study about factors which increase entrepreneurship and innovation and furthermore suggests some policy guidelines in order to enhance entrepreneurship and competitiveness. On this context, it’s also aiming to emphasize and to review the appropriate measures, the most common methods and the particular problems.
“The Agenda of Entrepreneurship and Innovation Activities in E.U., George M. Korres, Maria Michailidis, Charalambos Louca and Efstratios Papanis (2019). Journal of Regional Socio-Economic Issues, Volume 9, Special Issue 1, June 2019, pp.: 45-54.
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