What drives innovation and entrepreneurship in India, China, and the United States? Our data-rich and evidence-based exploration of relationships among innovation, entrepreneurship, and economic growth yields theoretical models of economic growth in the context of macroeconomic factors. Because we know far too little about the key characteristics of Chinese and Indian entrepreneurs and the ways they innovate, our balanced, systematic comparison of entrepreneurship and innovation results in a new approach to looking at economic growth that can be used to model empirical data from other countries. The importance of innovation and entrepreneurship to any economy has been recognized since the pioneering work of Joseph Schumpeter. Our analysis of the major factors that affect innovation and entrepreneurship in these three parts of the world - US, China and India -provides a comprehensive view of their effects and their likely futures.

Private Equity and Management Buy-outs provides a balanced view of the often polarized private equity debate. This careful and objective analysis of the presence of private equity in buy-out firms reviews the effects of this ownership transfer in terms of firm performance and survival, thus placing private equity in a broader context of implications for value creation. The analysis provides an overview of international trends in private equity and develops a conceptual framework for understanding the heterogeneity of private equity deals. Systematic evidence from large-scale studies of private equity and buy-outs are used to shed light on short- and longer-term economic and social effects. For the first time the broader scope of the key issues now facing private equity and buy-outs are brought together in the contributions herein. The book includes highlights such as: * empirical evidence on a special organizational form of private equity; * examination of backed buy-outs (perspectives from strategy, finance, HRM and management accounting); * discussion on the level of PE involvement; * challenging further debate on economic and social key issues regarding policy implications and a future research agenda. Academics and researchers - postgraduate and above - in business schools and schools of economics will find this book enlightening. It will also hold great interest for practitioners in the fields of mergers and acquisitions, general, strategic and financial management, and corporate entrepreneurship and corporate governance.

As businesses aim to compete internationally, they must be apprised of new methods and technologies to improve their digital marketing strategy in order to remain ahead of their competition. Trends in entrepreneurship that drive consumer engagement and business initiatives, such as social media marketing, yields customer retention and positive feedback. Advanced Methodologies and Technologies in Digital Marketing and Entrepreneurship provides information on emerging trends in business innovation, entrepreneurship, and marketing strategies. While highlighting challenges such as successful social media interactions and consumer engagement, this book explores valuable information within various business environments and industries such as e-commerce, small and medium enterprises, hospitality and tourism management, and customer relationship management. This book is an ideal source for students, marketers, social media marketers, business managers, public relations professionals, promotional coordinators, economists, hospitality industry professionals, entrepreneurs, and researchers looking for relevant information on new methods in digital marketing and entrepreneurship.

This book embodies the ever-increasing scope and depth of empirical entrepreneurship research in Europe. Contributors from different disciplinary backgrounds within the business field - including finance, management, and entrepreneurship, and from other related disciplines such as economics and economic geography - employ various methodologies to study the phenomenon of entrepreneurship. Drawing on this wealth of theoretically based and empirically sound research, the contributors examine three overarching themes. First, entrepreneurship issues in specific country settings are discussed: these encompass Portugal, the UK and Germany in Western Europe, Eastern European countries such as Russia and Latvia, and then Scandinavia and Finland. Second, special issues concerning technology-based companies are explored, and finally, unique aspects of venture capital markets in Europe are studied. Presenting cutting edge empirical research on myriad entrepreneurship topics in Europe, this multidisciplinary volume will strongly appeal to academics, students and researchers from various backgrounds that have a specific interest in entrepreneurship.It will also be warmly welcomed by entrepreneurs themselves.

This books provides a critical perspective on entrepreneurialism in the creative industries. Split into three sections, the book first asks the contextual question; why, at this point in time, did we arrive at such a focus on entrepreneurship in the creative industries? Examining the historical, social, cultural, economic and political background, the book places the creative industries and entrepreneurship firmly within a systemic approach to creativity and cultural production. Given this emphasis on entrepreneurship in the creative system, the second part of the book asks, what do those who want to work in the creative industries need to do to pragmatically gain an income? The practices, skills, business models and plans necessary to master in order to successfully run a business are explored in this section. The final section contains detailed case studies that reveal the lives of those who found a way to successfully gain an income in the creative industries. It highlights the practical knowledge they gathered, how they negotiated their field of endeavour, and the decisions they made in the real world. Fundamentally the book answers three questions: How and why did we get here? Given that we are here at this point in time, how do we go about being entrepreneurial? And who has managed to do this in the creative industries and how did they do it? Covering both theoretical debates in detail, and practical case studies in key sub-sectors of creative industries, this truly integrative and far-reaching volume will be of interest to students, researchers and practitioners alike.

This open access book examines a particular factor in the enduring international success of German companies. Beyond industrial specialization, peaceful labor relations, local financial markets and the "miracle of the Mittelstand", it focuses on a characteristic aspect of governance within the German economy: The Chambers of commerce and industry. Important characteristics of the Chamber system are emphasized - including obligatory membership for firms as well as participatory rules of their self-administration. In turn, the book examines the institution's self-governance, its services, and its mission regarding the general representation of interests. Moreover, the book also identifies the advancement of the dual system of professional education as a central element of the Chamber system. Following an introduction about how the Chamber system works, interviews, case studies and historical explanations help to exemplify the true spirit inherent to this form of representation. In particular, they reveal the essence of how the Chambers contribute to the global success of German companies and foster their corporate responsibility in a practical way. Given its scope, the book will be of particular interest to professionals, policymakers and researchers concerned with how institutional organization can support commerce and industry for the public good. The book was developed in collaboration with Laura Sasse and the Practical Wisdom Society.

In recent years our understanding of corporate sustainability has moved from exploitation to exploration, from corporate environmental management to sustainable entrepreneurship, and from efficiency to innovation. Yet current trends indicate the need for radical innovation via entrepreneurial start-ups or new ventures within existing corporations despite difficulties with the financing and marketing of such efforts. Presenting both conceptual and empirical research, this fascinating book addresses how we can combine environmental and social sustainability with economic sustainability in order to produce innovative new business models. The international cast of contributors addresses the wide range of issues in the balance between growth and environmental concerns. The first five chapters discuss various aspects of sustainable entrepreneurship. This is followed by two chapters that look at innovation within existing firms. Innovation is not successful until it finds a customer, so the two chapters that follow delve into the marketing aspects of business-to-consumer and business-to-business settings. The book closes with a broad discussion of the evolution and future of the research agenda into the intersection of sustainability, innovation and entrepreneurship. Academics, students, business professionals, and NGOs will find this volume enlightening and useful.

This study focuses on the management/labor interface within the context of the foreign direct investor in the United States, eespecially the Japanese. Utilizing case studies and interviews, the author examines both the effects of Japanese multinationals on U.S. workers' interests, and the effects of the U.S. work environment on Japanese multinationals. Three basic questions permeated the research: How do labor and management considerations come together as key strategic and operating decisions are made and implemented by Japanese multinationals in the United States? How do Japanese experiences compare to the experiences of other foreign-owned and domestic firms? What do these experiences portend regarding U.S. labor's interests in jobs, income, unionization, etc., Japanese firms' interests in being able to compete successfully in the U.S. market, and the U.S. national interest in promoting employment, expanding incomes, competitive markets, and so forth? Findings in both regards are compared to similar effects at other foreign, non-Japanese multinationals and at U.S.-owned firms in similar industries.

With a wide-ranging set of contributions, this book provides a compilation of cutting-edge original research in the field of entrepreneurial opportunities. The book reopens the subject from diverse perspectives focusing on theories and approaches to entrepreneurial opportunities. It provides a brief history of the idea of opportunity and a framework how opportunities develop in space and place. Further, this Research Handbook looks at process and context-based views on the topic. It also includes the latest research on impact factors, such as individual values on creating entrepreneurial opportunities. The book has been complemented by an outstanding Delphi panel of six leading scholars of the field: Lowell Busenitz, Dimo Dimov, James O. Fiet, Denis Gregoire, Jeff McMullen and Mike Wright. This carefully edited selection of current and topical contributions will be of immense value to students, researchers and scholars interested in the field of entrepreneurial opportunities. Contributors include: C. Albornoz, J.E. Amoros, T. Baker, B. Bjerke, L. Busenitz, M. Chiasson, D. Dimov, J.O. Fiet, J. Gaddefors, W.B. Gartner, D.A. Gregoire, A. Haas, T.P. Kenworthy, S. Korsgaard, A. Kurczewska, C. Leger-Jarniou, F. Linan, M. Marchesnay, J.S. McMullen, S.P. Sassmannshausen, F. Sautet, B.T. Teague, S. Tegtmeier, S.J. Vliamos, R.D. Wadhwani, M. Wright

This fourth volume in the Studies of Small and Medium Sized Enterprises in East Asia series focuses on regional and sectoral dimensions in a number of regional economies and economic sectors. The contributors place special emphasis on the importance of SME networking and clustering initiatives and activities. They argue that these initiatives support and nurture the global competitiveness of local SMEs in various economic sectors across the East Asian region. The book goes on to illustrate the increasing recognition that important local, regional and sectoral dimensions of SMEs, activities require their own specific micro policy measures. This is significant as the vitality of many local regional economies depends upon the activities of these local SMEs. The importance and inherent potential of SMEs as small but significant players in national economies and industries is increasingly recognised by policymakers and scholars around the world. Small and Medium Sized Enterprises in East Asia will therefore strongly appeal to both academics and practitioners involved with business and management, Asian studies, industrial organization and entrepreneurship.

Portraying how entrepreneurs often start out conducting some or all of their trade on an 'off-the-books' basis and how many continue to do so once they become established, this book provides the first detailed account of the vast and ubiquitous hidden enterprise culture existing in the interstices of western economies. Until now, the role of the underground economy in enterprise creation, entrepreneurship and small business development has been largely ignored despite its widespread prevalence and importance. In contrast to much of the previous literature that views the underground economy as low-paid, exploitative sweatshop work that should be deterred, this book takes a fresh, more positive perspective that considers the underground economy as a hidden enterprise culture. Colin C. Williams prescribes the means by which western governments can best harness this hidden culture of enterprise. He outlines detailed policy initiatives that seek to assist business ventures in setting up on a formal footing, and aim to encourage underground enterprises and entrepreneurs to make the transition into the realm of legitimacy. This book provides a lucid guide as to how the hidden culture of enterprise can be brought into the open. As such, it will prove invaluable to a wide-ranging audience including scholars and students of business studies, entrepreneurship, management, economics and regional science.

What characterizes the phenomenon of (small) firm growth, and how can it best be studied? Why and how do firms grow - and why don't they? Is firm growth externally determined or the result of managers' visions and actions? What are the different paths that firms follow in order to achieve high growth? Is growth evidence of entrepreneurship - and is growth always desirable? In this book, three leading scholars have integrated some of their most important research in order to answer these questions on firm growth. The result is a volume that builds on studies of many thousands of firms in several different projects. It offers deep insights into the firm growth phenomenon and how it can be studied. This research-based study promises to be a valuable resource for academics and students focussing on business and management, and, more specifically, entrepreneurship. Researchers who aspire to design and conduct further studies leading to deeper and better established insights into firm growth will also find the book invaluable, as will those who encourage and assist firm growth as part of their profession.

This exciting book provides fresh insight into how institutions, governments, regulations, economic freedom and morality impact entrepreneurship and public policy. Each chapter contains a rigorous analysis of the consequences of public policy and the effects of institutional decisions on the productivity of entrepreneurs. Expert contributors highlight the importance of institutions for economic outcomes while focusing specifically on the impact of public policy. One standout feature is the presentation of concrete examples regarding the role of institutions as well a clear analysis of entrepreneurship research. The editors also examine and compare productive versus unproductive public policies. Some of the conclusions made within this book include: Successful recruitment spending by states creates an incentive for unproductive entrepreneurs to seek economic rents Regulatory measures impact firms in a continuous and evolving fashion Economic actions and morality may converge given certain conditions More economic freedom in a given country is associated with greater levels of entrepreneurship Public Policy, Productive and Unproductive Entrepreneurship will help policymakers direct their efforts at creating a positive economic environment for entrepreneurs to flourish and give scholars a better understanding of the role policy plays in entrepreneurial activity. Its practical application for academic research will be great for students, helping them to connect theoretical economic fundamentals to real and familiar economic outcomes. Contributors include: J. Fetzner, J.C. Hall, P.G. Klein, M. Latta, R.A. Lawson, G.M. Randolph, M. Rivero, S. Roychoudhury, M.E. Ryan, R.F. Salvino, R.S. Sobel, M.T. Tasto, P.A. Yakovlev

This book makes a rare - but often advocated - contribution to research in entrepreneurship and international business by providing a richly contextualised longitudinal case study of the growth and internationalisation of a cluster of small firms over more than 20 years. Sara McGaughey presents a vivid, ethnographically-inspired narrative using creative forms of writing - including diary extracts, dramas, personal narratives and a cartoon - that draws the reader into the world experienced by the entrepreneurs, and conveys the unfolding context of the research process itself. The author interprets key events and activities such as export market choice, institutional entrepreneurship and portfolio activities in international new venturing through the lens of legitimacy and legitimation processes. The rich empirical and methodological contextualisation invites all readers to reinterpret these events and activities using their own diverse perspectives. This unique book will strongly appeal to practitioners and scholars of international entrepreneurship, international business, business history and organisation studies, as well as those interested in research methods used in these fields.