Which has the Greatest Economic Impact? The Novel or the Incumbent SMEs / Vaillant, Yancy.

By: Vaillant, Yancy
Material type: ArticleArticlePublisher: 2013Description: 456 - 471Subject(s): Global Entrepreneurship Monitor | Smes | Small And Medium Enterprises | Entrepreneurship In The Sme Sector | Entrepreneurship | Tenth Biennial Conference On Entrepreneu | Biennial Conference Papers In: Tenth Biennial Conference on EntrepreneurshipSummary: The last decade has seen business creation become one of the main objectives of business support policy. However, once created, new SMEs and their entrepreneurs are often left on their own outside the focus of both policy-makers and business researchers. Based on the Schumpeterian thesis of creative destruction or Kirzner's opportunity identification, new firms are the ones identified as responsible for innovation and progress. However, organizational learning and human resource theory applied to the entrepreneur and his/her firm would lead us to believe that the nascent entrepreneurial venture may not be best suited at the time of creation to make its greatest contribution to economic development. The objective of the proposed research dissertation is to determine whether it is the novel or incumbent SMEs that make the greatest contribution to economic development (in terms of product, process and strategic innovation as well as employment and international expansion). In order to perform this analysis, individual cross sectional data from GEM surveys from 2007 to 2011 have been used to build a pseudo-panel dataset where sample cohort means are treated as observations....
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Articles Articles Ahmedabad (HO)
(Browse shelf) Vol. , Issue. Available 019193

The last decade has seen business creation become one of the main objectives of business support policy. However, once created, new SMEs and their entrepreneurs are often left on their own outside the focus of both policy-makers and business researchers. Based on the Schumpeterian thesis of creative destruction or Kirzner's opportunity identification, new firms are the ones identified as responsible for innovation and progress. However, organizational learning and human resource theory applied to the entrepreneur and his/her firm would lead us to believe that the nascent entrepreneurial venture may not be best suited at the time of creation to make its greatest contribution to economic development. The objective of the proposed research dissertation is to determine whether it is the novel or incumbent SMEs that make the greatest contribution to economic development (in terms of product, process and strategic innovation as well as employment and international expansion). In order to perform this analysis, individual cross sectional data from GEM surveys from 2007 to 2011 have been used to build a pseudo-panel dataset where sample cohort means are treated as observations....

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