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What is Military Industrial Complex (MIC)

Chapter 2
Global Perspectives on Military Entrepreneurship and Innovation
An informal alliance between a country's military and the defense industry that equips it, and both are perceived as vested interest that has strong influence on the country’s public policy formulation.
Published in Chapter:
Military Enterprises and Entrepreneurship: A Critical Perspective
Sanya Ojo (Nigerian Defence Academy, Nigeria)
Copyright: © 2021 |Pages: 28
DOI: 10.4018/978-1-7998-6655-8.ch002
Abstract
The main aim of this chapter is to advance a structure for understanding the notion of military-run enterprise/entrepreneurship. The chapter appraises the macro-level of military entrepreneurship rather than the micro-level (e.g., veteran, military families, or military intrapreneurs) to uncover the paradoxes underpinning this genre of military entrepreneurship. Through a critical review of literature, the presence of “extrepreneurship,” which represents a crossbreed idea located between the concepts of entrepreneurship and intrapreneurship, is revealed. Extrepreneurs manage/operate for-profit spin-off organizations on behalf of their non-profit parent organizations to generate incomes/profits, among other requirements.
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