Enterprise and Small Business Principles
Learning objectives
There are six learning objectives in this chapter:
1 To understand how entrepreneurship, firm size and innovative activity are interrelated.
2 To gain basic understanding of the knowledge production function.
3 To illustrate how conventional empirical measures of innovative activity may be misleading.
4 To recognise how the external industry environment, knowledge spill-overs, geographic location, and scale economies influence the innovative process.
5 To observe that entrepreneurship and small firms play a key role with respect to technological change and innovation.
6 To understand how public policy promotes small firm innovation.
■ entrepreneurship ■ innovative activity ■ firm size ■ technological change
■ knowledge production function
