Entrepreneurship Policies for Knowledge Economies: Policy Aspects

Background

Industrial and business firms, in this era of globalization, face challenges (Gatignon et al, n.d.) owing to changes in technology and management in the arena of the manufacturing, marketing, finance and administration and particularly for managing the resources which poses hardships to develop economy of the enterprise. The entrepreneurship approach to knowledge economy is the suggested solution, on account of its ability and strength, to bring in sustainability and economic development of the enterprise.

In view of the aforesaid recommended approach, although four key terms are evolved (entrepreneurship, policy, knowledge, economy), two major questions in this work out need affirmation. The entrepreneurship approach (Cardon et al., 2009) is one which has the capability (Buttner, et al. 1993) to resolve challenges (Novogratz, 2008) of economy development and the other issue is that of knowledge economy which relies on gaining right knowledge, relating to economy development. The chapter, for that reason, makes propositions on the dimensional aspects evolved in these two major issues to bring out policy.