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Creating good public policy to support high-growth firms
Colin Mason,Ross Brown +1 more
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In this article, the authors argue that policy-makers are looking for high growth firms in the wrong places and propose a reorientation of HGFs, both in terms of appropriate targeting and forms of support.Abstract:
Writing in Small Business Economics Scott Shane argues that policy-makers should stop subsidising start-ups and instead focus on supporting the small subset of new businesses with high growth potential. However, both Shane and other scholars who have made the same argument only offer broad-brush proposals to achieve this objective. The aim of this article, in contrast, is to engage in a detailed discussion of how to create appropriate policies for high-growth firms (HGFs). Drawing on research in Scotland, we argue that policy-makers are looking for HGFs in the wrong places. The heterogeneous nature of HGFs in terms of sector, age, size and origins makes in impractical to target support on particular sectors, technologies or types of firms (e.g., new or R&D intensive). The article proposes a reorientation of HGFs, both in terms of appropriate targeting and forms of support. Public policy also needs to focus on the retention of HGFs which are acquired by non-local businesses. Finally, policy-makers need to properly reflect upon the specificities of their entrepreneurial environment when devising appropriate policy interventions.read more
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Journal ArticleDOI
The relational organization of entrepreneurial ecosystems
TL;DR: In this paper, the persistence of high-growth entrepreneurship within regions is explained by a theoretical concept of "Entrepreneurial Ecosystems", which is a popular concept to explain the persistence and resilience of high growth within regions.
Entrepreneurial ecosystems and growth oriented entrepreneurship
Colin Mason,Ross Brown +1 more
TL;DR: In this article, the authors focus on the entrepreneurial actors within an ecosystem, focusing on the following: the entrepreneurial actor within the ecosystem; the resource providers within the economy; entrepreneurial connectors within the entrepreneurial ecosystem and the entrepreneurial environment of the ecosystem.
Journal ArticleDOI
The lineages of the entrepreneurial ecosystem approach
TL;DR: In this paper, the authors outline contributions to the entrepreneurial ecosystem approach and conclude with a promising new line of research to our understanding of the emergence, growth, and context of start-ups that have achieved great impact by developing new platforms.
Journal ArticleDOI
Looking inside the spiky bits: a critical review and conceptualisation of entrepreneurial ecosystems
Ross Brown,Colin Mason +1 more
TL;DR: The concept of entrepreneurial ecosystems has quickly established itself as one of the latest ‘fads' in entrepreneurship research as discussed by the authors, however, its lack of specification and conceptual limitations has undoubtedly hindered our understanding of these complex organisms.
References
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Book
Discovery of Grounded Theory: Strategies for Qualitative Research
TL;DR: The Discovery of Grounded Theory as mentioned in this paper is a book about the discovery of grounded theories from data, both substantive and formal, which is a major task confronting sociologists and is understandable to both experts and laymen.
Journal ArticleDOI
The Discovery of Grounded Theory: Strategies for Qualitative Research.
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The Free-Market Innovation Machine: Analyzing the Growth Miracle of Capitalism
TL;DR: In the "Innovation-machine" economy, the engine of free-market growth has been identified as the "Somewhat Optimal" attributes of capitalist growth.