- Subject index
The Handbook of 21st Century Management provides authoritative insight into the key issues for students in college or corporate courses with a particular emphasis on the current structure of the topic in the literature, key threads of discussion and research on the topic, and emerging trends. This resource is useful in structuring exciting and meaningful papers and presentations and assists readers in deciding on management areas to take elective coursework in or to orient themselves towards for a career. Indeed, familiarity with many of the topics in this Handbook would be very useful in job interviews for positions in business.
Chapter 5: Governmental Impedimentation and Facilitation of Entrepreneurship
Governmental Impedimentation and Facilitation of Entrepreneurship
Avibrant economy is characterized by its ability to create a continuous flow of new enterprises. Visionary entrepreneurs create new organizations, utilize new methods, bring in new products to satisfy unfilled demands, and correct market deficiency. Entrepreneurial entry also heightens competitions and forces incumbents to be more innovative and productive. Schumpeter (1942) famously envisioned entrepreneurs as the radical innovators who disrupt existing equilibrium and mastermind the “creative destruction,” a process “of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one” (p. 83).
Long-run economic growth and job creation will not happen without a continuous supply of new, innovative enterprises. In the United States, small businesses, ...