Entrepreneurship and Innovation: Models for Development

The economies of many developing countries are in a state of transition as they strive to shift from a subsistence oriented and heavily regulated environment to an outward looking, market driven economy. This transition can be greatly assisted by the emergence of a large number of small-scale and rural enterprises in all spheres of economic activity which, in turn, requires the development of entrepreneurial skills. Despite the importance of entrepreneurship for economic and social development, there is as yet scant research into or systematic observation of the processes through which entrepreneurship emerges and sustains itself. This volume meets this need by presenting several research-based models of entrepreneurship in order both to enhance understanding and for practical guidance.