Triggered largely by claims that small businesses were the main source of new jobs, an ‘explosion’ of interest in enterprise, entrepreneurs and small business has led to the establishment of a conventional wisdom about enterprise. Mistaken theories can become influential and examining the conventional enterprise wisdom indicates that much of it is questionable. If that is the case, a reassessment is needed. While wilful blindness and continuing to do more of the same is a natural response, it will not lead to improvements in knowledge. A new paradigm requires a step change in thinking, which is not easy to initiate. Nevertheless, accepting the evidence for the errors in current understanding and practice is a necessary first step if enterprise and its benefits are to be better understood and promoted. This book examines the conventional wisdom around enterprise, entrepreneurs and small businesses and illustrates not only why and how this could have evolved, but also why it could be based on a set of mistaken assumptions. Correcting the foundational knowledge on which enterprise and policy and practice rely and finding a new paradigm will result in better teaching and more effective policy. It will therefore be of interest to researchers, academics, students and policy makers in the fields of enterprise and entrepreneurship.

Triggered largely by claims that small businesses were the main source of new jobs, an 'explosion' of interest in enterprise, entrepreneurs and small business has led to the establishment of a conventional wisdom about enterprise. Mistaken theories can become influential and examining the conventional enterprise wisdom indicates that much of it is questionable. If that is the case, a reassessment is needed. While wilful blindness and continuing to do more of the same is a natural response, it will not lead to improvements in knowledge. A new paradigm requires a step change in thinking, which is not easy to initiate. Nevertheless, accepting the evidence for the errors in current understanding and practice is a necessary first step if enterprise and its benefits are to be better understood and promoted. This book examines the conventional wisdom around enterprise, entrepreneurs and small businesses and illustrates not only why and how this could have evolved, but also why it could be based on a set of mistaken assumptions. Correcting the foundational knowledge on which enterprise and policy and practice rely and finding a new paradigm will result in better teaching and more effective policy. It will therefore be of interest to researchers, academics, students and policy makers in the fields of enterprise and entrepreneurship.

Since the 1980s, governments have often sought to encourage entrepreneurship on the assumption that it creates small businesses which are the primary drivers of job creation. Largely because of this assumption, entrepreneurship has become a valid subject for academic research attracting extensive funding. Yet despite this explosion of scholarship, there is no accepted model of how entrepreneurship operates or even a commonly accepted definition of what it is. Simon Bridge posits that this is because entrepreneurship has been studied as if it were a deterministic science, based on the false assumption that it exists as a specific discrete identifiable phenomenon operating in accordance with consistent, predictable 'rules'. This challenging book contends that this misdirected search has produced more questions than answers. Accepting that entrepreneurship as we have conceived it does not exist could lead to new and valuable insights into what the different forms of entrepreneurship are and how they might be influenced. Scholars, advanced students and policy makers will find this a thought-provoking insight into the myths and misconceptions of 'entrepreneurship'.

Since the 1980s, governments have often sought to encourage entrepreneurship on the assumption that it creates small businesses which are the primary drivers of job creation. Largely because of this assumption, entrepreneurship has become a valid subject for academic research attracting extensive funding. Yet despite this explosion of scholarship, there is no accepted model of how entrepreneurship operates or even a commonly accepted definition of what it is. Simon Bridge posits that this is because entrepreneurship has been studied as if it were a deterministic science, based on the false assumption that it exists as a specific discrete identifiable phenomenon operating in accordance with consistent, predictable 'rules'. This challenging book contends that this misdirected search has produced more questions than answers. Accepting that entrepreneurship as we have conceived it does not exist could lead to new and valuable insights into what the different forms of entrepreneurship are and how they might be influenced. Scholars, advanced students and policy makers will find this a thought-provoking insight into the myths and misconceptions of 'entrepreneurship'.

Now in its fifth edition, Understanding Enterprise has established itself as one of the most widely respected guides to the discipline, providing a refreshingly perceptive approach to understanding and applying theory. It offers a critical introduction to enterprise in its broadest context, with particular emphasis on its application to entrepreneurs and small business. Divided into three parts, the course examines traditional approaches, new perspectives on the subject, and the success-or otherwise-of government policy. Written by leading experts with a combined wealth of research, teaching and consulting experience, this textbook will be an essential companion for undergraduate and postgraduate students of enterprise and small business. Policy makers and practitioners will also benefit from this comprehensive guide. New to this Edition: - Extensively revised to take into account the latest thinking and research, with updated content and examples throughout - Updated coverage of the impact and failings of comparative government policies - Enhanced pedagogical features to engage students and enliven their learning experience Accompanying online resources for this title can be found at bloomsburyonlineresources.com/understanding-enterprise. These resources are designed to support teaching and learning when using this textbook and are available at no extra cost.