Are business schools on the wrong track? For many years, business schools enjoyed rising enrollments, positive media attention, and growing prestige in the business world. However, due to the disruption of Covid-19, many previously ignored issues relating to MBA programs resurfaced. As a result, MBA programs now face lower enrollments and intense criticism for being deficient in preparing future business leaders and ignoring essential topics like ethics, sustainability, and diversity and inclusion. The Future of Business Schools discusses these issues in the context of three critical areas: complexity, sustainability, and destiny. How do we prepare students for a new and complex world, how can business schools focus on the planet's sustainability, and how will they shape a better future for everyone? The chapters present views and suggestions of business school professors, researchers, and leaders from different contexts and countries as well as ideas for business school stakeholders, on topics from program structures, course content, and teaching materials to research topics. In addition to examples of innovations, there are tools offered to help universities navigate complexity and prepare for uncertainty. The material will assist business school faculty, staff, and administrators as well as professionals, policymakers, and organizations in identifying new directions for business schools in this evolving field.

This book offers cutting-edge insights into the changing landscape of entrepreneurial finance, as digital technologies play an increasingly dynamic role in the world economy. Assessing the rapid development of innovative technologies in entrepreneurial ecosystems, it contributes to a wider discussion on the role that technology plays in facilitating and commercializing ideas in the context of global finance. Chapters offer a systemic, comparative analysis of the interplay between financial activities and digital technologies, reflecting on the acceleration of the development of innovative technologies and alternative financing. The book includes thoughtful discussions of women entrepreneurs, crowdfunding, business angels and big data, connecting these topics to wider discussions of technology-based entrepreneurship. Offering interdisciplinary insights from a variety of entrepreneurial contexts, including startups, universities, corporations, and the public sector, contributors demonstrate the role of digital technologies in facilitating entrepreneurial ecosystems. Bringing together state-of-the-art qualitative and quantitative research on entrepreneurial ecosystems, this book offers crucial insights for academics and researchers of entrepreneurial finance looking for a better understanding of the contemporary role of digital technologies in alternative financing. Policymakers and practitioners will also benefit from the managerial implications of real-world scenarios analyzed by contributors.

Elgar Research Agendas outline the future of research in a given area. Leading scholars are given the space to explore their subject in provocative ways, and map out the potential directions of travel. They are relevant but also visionary. Within the span of a generation, innovation and entrepreneurship have emerged as two of the most vital forces in the economy and in society. This Research Agenda highlights new insights and approaches to guide future thinking, research and policy in the area. To accomplish this, the editors have brought together a group of accomplished scholars spanning economics, management, public policy and finance. Drawing on the experiences and insights of leading scholars this Research Agenda covers a broad array of rich and promising topics, including entrepreneurial ecosystems, finance and the role of universities. Focusing on the intersection and overlap between the two disciplines, the Research Agenda begins by establishing the theoretical basis between the two topics, before exploring impact, context, academic entrepreneurship, start-ups, policy and corporate governance. The book concludes with three provocative chapters: Friederike Welter highlighting the power of words and images, Sameeksha Desai discussing the role of artificial intelligence and Mark Casson presenting a case for radical change to how entrepreneurship is studied. Presenting the most salient findings and themes in current literature, A Research Agenda for Entrepreneurship and Innovation is essential for researchers in innovation, as well as policy makers at both the local and national levels influenced by the increasing importance of entrepreneurship and innovation.

Entrepreneurship these days is evident, even showcased, in so many places that it is harder for anyone interested in the field to really know about all of its many facets. That diversity is what makes the Concise Guide so essential. The Guide's ability to provide an expert's take in just a couple of pages on key topics in entrepreneurship is a boon to anyone interested in entrepreneurship. This is not a volume for your bookcase. You will want it at-hand as your explore the world of entrepreneurship.' - Jerome Katz, Saint Louis University, USThe Concise Guide to Entrepreneurship, Technology and Innovation brings together internationally recognized scholars to summarize the state of knowledge about fundamental topics in entrepreneurship, technology, and innovation. Written by the top international scholars in their field, this book has an encyclopaedic range; from academic entrepreneurship to valuing an entrepreneurial enterprise. Each chapter provides an informed overview of the topic and references in each chapter guide the reader to the more advanced literature. This landmark book will be the first port of call for any student or scholar seeking a brief introduction to each of the fundamental topics in entrepreneurship, technology, and innovation. Contributors: D.B. Audretsch, C. Boardman, B. Bozeman, S.R. Bradley, A. Burke, U. Cantner, M. Casson, S. Cazzago, J.A. Cunningham, P. Davidsson, A. De Massis, M. Deloof, D. Dunlap, W. Geoghegan, V. Ghosal, J. Hanssens, C.S. Hayter, M. Herzig, A. Kao, M. Kenney, D.F. Kuratko, H. Landstroem, E.E. Lehmann, D.P. Leyden, X. Liu, A.N. Link, S. Manigart, G.D. Markman, H. Meier, M.H. Morris, A.J. Nelson, C. O'Kane, D. Organ, S. Parker, G.T. Payne, M. Perkmann, L.S. Peters, P.H. Phan, E.A. Prasetio, J.H. Rooksby, G.E. Shockley, T. Standaert, A. Talrico, R. Thurik, T. Vanacker, S. Vismara, N.S. Vonortas, J. West, P. Westhead, K. Wirsching, M. Wright

The purpose of this volume is to bring together the leading scholarly papers about how globalization has impacted the role of SMEs. In fact, globalization has affected SMEs in two major ways. The first has been to facilitate the transnational activities of SMEs. Transnational activities, ranging from exports to foreign direct investment to participating in global value chains have become easier as a result of globalization. The second impact of globalization has been to shift the source of competitiveness towards knowledge-based economic activity, which has led to an increased role for SMEs. The first section of this volume examines how globalization has affected the role of SMEs in the economy. The second section of the volume is devoted to global strategies by SMEs The third section focuses on an important type of global activity of SMEs, which involves foreign direct investment. The fourth section focuses on the role of clusters and networks in generating SME competitiveness in global markets. SME export strategies and performance is analyzed in Section Five. Section Six examines the impact that the international mobility of labour has had on SMEs. The seventh section focuses on the role that SMEs play in transnational technology transfer. Section Eight is devoted to SMEs in the context of developing countries. In the final section of the volume policy issues are raised. This includes identifying how policy needs to address barriers to internationalization confronting SMEs.

When considered as an integrated body of work, the chapters within this book highlight the development and evolution of a research trajectory linking together entrepreneurship with innovative activity and ultimately economic growth. These specially selected previously published papers bring together studies spanning a broad spectrum of perspectives, from that of the individual confronting the decision to start a new venture to that of the firm considering strategies to innovate. Other areas of consideration include the impact on new-venture competitiveness and performance such as growth and survival, the industry and how it evolves over time, and the region and how it is influenced by entrepreneurial activity. Taken together, these chapters highlight the key role that entrepreneurship plays in generating innovative activity and economic growth. The implications of the emergence of the entrepreneurial economy for public policy are analyzed, along with the key contribution that entrepreneurship policy makes to economic growth, employment and competitiveness in global markets. Entrepreneurship, Innovation and Economic Growth will be of great interest to academics, students and researchers in a wide range of fields including: management, entrepreneurship, industrial economics, evolutionary economics, innovation and technological change, regional economics and public policy.

The analysis of corporate governance in small and medium-sized firms has been a much-neglected aspect of study in the field of corporate governance. This essential research review provides an authoritative overview of research in this topical field by successfully linking classical papers on corporate governance to the specific aspects in SMEs. The purpose of this book is not only to provide a review of the literature on governance in SMEs, but also from other social sciences and management perspectives. This title will be of great interest not only to lecturers and students interested in corporate governance but also to managers and policy makers.

This comprehensive volume integrates pathbreaking and seminal scholarship from two interrelated fields - innovation and entrepreneurship - with the chapters providing a compelling link between the two. The editors seek to introduce and contextualize some of the most important research. Topics covered include: history of thought, innovation and growth, the innovation process, role models of the entrepreneur, knowledge flows and institutions.

Although competitiveness is typically associated with firms, they are not the only organizational body whose performance is dependent upon competitiveness. This poignant insightful book focuses on how the varied economic performance of cities and regions, both within nations as well as across nations, during the era of the Great Recession also highlights the need for competitiveness.Competitive cities and regions enjoy a superior economic performance, while their less competitive counterparts experience poorer economic growth and increasing unemployment. Using leading frameworks, this study provides applications and case studies about what shapes the competitiveness of places in an international context. Specific policies that enhance local competitiveness are identified and analyzed. Scholars of regional economics, urban economics, urban planning and public policy as well as policymakers will find plenty of invaluable information in this invigorating book. Contributors include: T. Andersson, R.D. Atkinson, D.B. Audretsch, S.M. Breznitz, D.P. Leyden, A.N. Link, G.A. McDermott, N. Ram, S. Shivakumar, D.S. Siegel, M.L. Walshok, C.W. Wessner, D.A. Wolfe

This path-breaking handbook analyzes the foundations, social desirability, institutions and geography of innovation and entrepreneurship. Leading researchers use their outstanding expertise to investigate various aspects in the context of innovation and entrepreneurship such as growth, knowledge production and spillovers, technology transfer, the organization of the firm, industrial policy, financing, small firms and start-ups, and entrepreneurship education as well as the characteristics of the entrepreneur. There is much in this handbook that will prove to be informative and stimulating, especially for academics and post-graduate students in economics and management. Those starting a PhD in innovation or entrepreneurship will find this book essential reading. Contributors: Z.J. Acs, P. Aghion, D.B. Audretsch, G. Avnimelech, W.J. Baumol, W. Boente, P. Braunerhjelm, U. Cantner, B. Carlsson, M. Dejardin, G. Duranton, A. Eisingerich, O. Falck, M.P. Feldman, K. Fogel, M. Fritsch, R. Gold, M. Guerzoni, D. Harhoff, S. Heblich, R.A. Jensen, M. Keilbach, W.R. Kerr, I.M. Kirzner, A. Kleinknecht, T. Kretschmer, K. Lee, A.N. Link, W. McCumber, R. Nanda, N. Nicolaou, B. Nooteboom, S.C. Parker, G. Pellegrino, M. Piva, S. Prantl, C.F. Sabel, A. Saxenian, S. Shane, D.S. Siegel, D.F. Spulber, E. Stam, G. van der Panne, M. van Praag, M. Vivarelli, C.W. Wessner

Science and innovation plays an increasingly important role in the growth of economies throughout the world. This two volume collection of previously published articles seeks to provide a comprehensive overview of this key area of the global economy. The first volume presents important material on scientific knowledge, including property rights and reward structures to the productivity of scientists. In the second volume, the role of science in industry and the commercialization of science are discussed, together with an examination of the economic effects of R&D in terms of investment and gain, both for individual companies and national economies. The final section discusses whether public policies to control scientific growth are either necessary or desirable.

The emergence of industrial policy as a central issue among not just policy makers but the intellectual community as well reflects not only concerns about the international competitiveness of firms and nations but also unemployment and growth. Scholarship on industrial policy has been scattered across a wide range of disciplines and subjects, rendering it difficult to grasp the state of knowledge on the subject. The purpose of this three volume series is to provide the classic articles forming the building blocks of scholarship on industrial policy and present them in an integrated framework. These classic contributions span a number of subjects within economics, such as international trade, industrial economics, labour economics, economic development and technological change, as well as a number of different academic disciplines, including political science, sociology, international relations, and international management. The first volume focuses on The Mandate for Industrial Policy, the second on Instruments and Targets, and the third on Industry and Country Studies.

This path-breaking handbook analyzes the foundations, social desirability, institutions and geography of innovation and entrepreneurship. Leading researchers use their outstanding expertise to investigate various aspects in the context of innovation and entrepreneurship such as growth, knowledge production and spillovers, technology transfer, the organization of the firm, industrial policy, financing, small firms and start-ups, and entrepreneurship education as well as the characteristics of the entrepreneur. There is much in this handbook that will prove to be informative and stimulating, especially for academics and post-graduate students in economics and management. Those starting a PhD in innovation or entrepreneurship will find this book essential reading. Contributors: Z.J. Acs, P. Aghion, D.B. Audretsch, G. Avnimelech, W.J. Baumol, W. Boente, P. Braunerhjelm, U. Cantner, B. Carlsson, M. Dejardin, G. Duranton, A. Eisingerich, O. Falck, M.P. Feldman, K. Fogel, M. Fritsch, R. Gold, M. Guerzoni, D. Harhoff, S. Heblich, R.A. Jensen, M. Keilbach, W.R. Kerr, I.M. Kirzner, A. Kleinknecht, T. Kretschmer, K. Lee, A.N. Link, W. McCumber, R. Nanda, N. Nicolaou, B. Nooteboom, S.C. Parker, G. Pellegrino, M. Piva, S. Prantl, C.F. Sabel, A. Saxenian, S. Shane, D.S. Siegel, D.F. Spulber, E. Stam, G. van der Panne, M. van Praag, M. Vivarelli, C.W. Wessner

This unique Handbook provides a solid foundation for essential study in the nascent field of entrepreneurship policy research. This foundation is initially developed via the exploration of two significant propositions underpinning the nature of entrepreneurship policy research. The first is that entrepreneurship has emerged as a bona fide focus of public policy, particularly with respect to economic growth and employment creation. The second is that neither scholars nor policy makers are presently equipped to understand the public policy role for entrepreneurship. The contributors - experienced scholars, specialist researchers and dynamic policy makers thus grapple with novel questions of considerable policy relevance that few have previously posed. The Handbook therefore provides some of the first crucial, systematic analyses of important issues, and key questions to be raised in order to move entrepreneurship policy forward are also presented. Written by academics and practitioners drawing examples from both North America and Europe, this stimulating new Handbook is a prerequisite for students, scholars and practitioners in the incipient world of entrepreneurship policy.

One of the obstacles for understanding the phenomenon of entrepreneurship is the lack of integration of different assumptions, units and levels of analysis that are implicit in its many conceptualisations. This important book offers a pathway to integration by considering eight associated disciplines and theories, presenting an authoritative selection of the most significant published work on entrepreneurship from each perspective.

This book brings together leading research and scholarship on one of the newest and most compelling forces of economic growth, dynamism and innovation - entrepreneurial ecosystems. Particular emphasis is given to the role of innovation, startups, SMEs and technology transfer in shaping the entrepreneurial ecosystem, as well as its impact on firm performance and regional economic performance. From the perspectives of theory, empirical analysis and public policy, this book shows why entrepreneurial ecosystems have become the new economic superstars in the global economy. It provides explicit analysis of policies promoting entrepreneurship and entrepreneurial ecosystems, and examines the link between entrepreneurial ecosystems and universities. This timely collection of research will be of interest not only to academics and scholars in economics and management, but also to thought leaders in public policy and business.

In this wide-ranging collection of significant articles by leading scholars, the editors link the impact of innovation to the process by which firms and industries change over time and ultimately to economic development and growth. The books cover topics such as the impact of the product life cycle on industry evolution, the links between innovative activity and the start-up of new firms, and an analysis of the sources of diversity and the impact of diversity on economic evolution. The three key elements of the post-entry performance of firms are examined - their ability to survive, the learning process and the links between industry evolution and productivity. The books then explore the roles of turbulence and persistence in an evolutionary economy. Additional topics include the evolution of market structures, the evolution of regions and the international competitiveness of industries in an evolutionary context. Finally the books examine the implications for government policy of the links between innovation, industry evolution and economic development.

In this book David Audretsch examines the impact of public policy in the entrepreneurial society and in ensuring that entrepreneurship continues to serve as a driving force for economic performance. Do university policies or knowledge conditions make a difference to entrepreneurship? Does policy influence the commercialization route? This comprehensive book addresses such questions in a thoughtful selection of essays from one of the most influential and erudite sources in entrepreneurship research. The result is an interesting and informative book, which will appeal to scholars of business, entrepreneurship, evolutionary economics and public policy. The detailed investigation into the relevance of entrepreneurship makes Public Policy in the Entrepreneurial Society a topical read for both academics and entrepreneurs alike.

Entrepreneurship these days is evident, even showcased, in so many places that it is harder for anyone interested in the field to really know about all of its many facets. That diversity is what makes the Concise Guide so essential. The Guide's ability to provide an expert's take in just a couple of pages on key topics in entrepreneurship is a boon to anyone interested in entrepreneurship. This is not a volume for your bookcase. You will want it at-hand as your explore the world of entrepreneurship.' - Jerome Katz, Saint Louis University, USThe Concise Guide to Entrepreneurship, Technology and Innovation brings together internationally recognized scholars to summarize the state of knowledge about fundamental topics in entrepreneurship, technology, and innovation. Written by the top international scholars in their field, this book has an encyclopaedic range; from academic entrepreneurship to valuing an entrepreneurial enterprise. Each chapter provides an informed overview of the topic and references in each chapter guide the reader to the more advanced literature. This landmark book will be the first port of call for any student or scholar seeking a brief introduction to each of the fundamental topics in entrepreneurship, technology, and innovation. Contributors: D.B. Audretsch, C. Boardman, B. Bozeman, S.R. Bradley, A. Burke, U. Cantner, M. Casson, S. Cazzago, J.A. Cunningham, P. Davidsson, A. De Massis, M. Deloof, D. Dunlap, W. Geoghegan, V. Ghosal, J. Hanssens, C.S. Hayter, M. Herzig, A. Kao, M. Kenney, D.F. Kuratko, H. Landstroem, E.E. Lehmann, D.P. Leyden, X. Liu, A.N. Link, S. Manigart, G.D. Markman, H. Meier, M.H. Morris, A.J. Nelson, C. O'Kane, D. Organ, S. Parker, G.T. Payne, M. Perkmann, L.S. Peters, P.H. Phan, E.A. Prasetio, J.H. Rooksby, G.E. Shockley, T. Standaert, A. Talrico, R. Thurik, T. Vanacker, S. Vismara, N.S. Vonortas, J. West, P. Westhead, K. Wirsching, M. Wright

2020 introduced a global pandemic that led to global economic, social, and regional lockdowns affecting public life in ways never been imagined before. This book takes a look at how researchers from fields encompassing economics and political science, along with thought leaders in business and economic policy, experienced the crises themselves as experts in their field, as well as from a personal viewpoint. Most importantly, however, it looks into the future how entrepreneurship and economic policies may change and positively influence the societies and the economy after the pandemic. Keeping in mind that, with climate change and the digital revolution, change was already around the corner and inevitable, renowned economic and policy experts are asked for their assessment of future roads and feasible economic policies. The book follows the chronology of the pandemic and focuses on leading researchers and thought leaders in public policy and business. An introduction to each chapter describes the context particular to the contributing author when the pandemic struck and their own reactions, experiences, and insights triggered by the emerging pandemic.

Entrepreneurship is critical to economic growth, but it cannot flourish without open markets. Entrepreneurs can only be expected to take risks in 'open settings' where individuals and firms are free to contract with one another. In this important book, leading economists explain and document the role of open markets, within and across national boundaries, in facilitating entrepreneurship, innovation, and economic growth. The main message of this book is especially timely given growing concerns in developed countries about off-shoring and openness to trade. The book includes discussions of 'star' scientists-entrepreneurs and their positive impacts on local growth, the globalization of venture capital, information technology, entrepreneurship and cities, culture, off-shoring, trade competition and the expansion of world trade. This book will be welcomed by policy makers at all levels of government, university leaders and academic scholars in entrepreneurship, business and management, innovation, economics and sociology.

Traditional approaches to creating employment and economic growth have failed in the 1990s. An understanding of what creates jobs and drives growth has emerged in a cross-disciplinary approach which combines industrial organisation, the economics of technological change and international economics. This approach focuses on the dynamics of firms and industries as sources of innovation (and consequently increased competitiveness, job creation and economic growth), and emphasises the shift in economic activity based on traditional factors of production to being based on economic knowledge. Innovation, Industry Evolution and Employment, edited by David Audretsch and Roy Thurik, brings together leading scholars to present important and original research in this exciting area. With case study material taken from countries including France, Germany, Holland, Canada and the US Innovation, Industry Evolution and Employment will be vital reading for policy-makers, researchers and students.

This book analyses the relative importance of small firms in industrial economies. It brings together a series of studies spanning a spectrum of selected countries in developed Western nations and Eastern Europe to identify the exact role of small firms and how this role has evolved. A striking result which emerges is that a distinct and consistent shift away from large firms and towards small enterprises has occurred within the manufacturing sector of all Western countries, while the role of small firms in Eastern European nations has been remarkably restricted, and, indeed, all these countries have experienced a shift away from small firms. It is clear from this analysis that a major challenge for political and economic reform in Central and Eastern Europe is to create the strong entrepreneurial sector which exists in the West.

Elgar Research Agendas outline the future of research in a given area. Leading scholars are given the space to explore their subject in provocative ways, and map out the potential directions of travel. They are relevant but also visionary. Within the span of a generation, innovation and entrepreneurship have emerged as two of the most vital forces in the economy and in society. This Research Agenda highlights new insights and approaches to guide future thinking, research and policy in the area. To accomplish this, the editors have brought together a group of accomplished scholars spanning economics, management, public policy and finance. Drawing on the experiences and insights of leading scholars this Research Agenda covers a broad array of rich and promising topics, including entrepreneurial ecosystems, finance and the role of universities. Focusing on the intersection and overlap between the two disciplines, the Research Agenda begins by establishing the theoretical basis between the two topics, before exploring impact, context, academic entrepreneurship, start-ups, policy and corporate governance. The book concludes with three provocative chapters: Friederike Welter highlighting the power of words and images, Sameeksha Desai discussing the role of artificial intelligence and Mark Casson presenting a case for radical change to how entrepreneurship is studied. Presenting the most salient findings and themes in current literature, A Research Agenda for Entrepreneurship and Innovation is essential for researchers in innovation, as well as policy makers at both the local and national levels influenced by the increasing importance of entrepreneurship and innovation.

The role of entrepreneurship in the world economy is perhaps more important now than at any time in the 20th century. This book analyzes the relative importance of small firms in industrial economies. It brings together a series of studies spanning a spectrum of selected countries in developed Western nations and Eastern Europe to identify the exact role of small firms and how this role has evolved over the last 15 years. A striking result which emerges is that a distinct and consistent shift away from large firms and towards small enterprises has occurred within the manufacturing sector of all western countries, while the role of small firms in Eastern European nations has been remarkably restricted, and, indeed, all these countries have experienced a shift away from small firms. It is clear from this analysis that a major challenge for political and economic reform in Central and Eastern Europe is to create the strong entrepreneurial sector which exists in the West.