University Challenge? Innovation Policy and SMEs in Welsh Economic Development Policy

Author(s):  
David Pickernell ◽  
Gary Packham ◽  
Brychan Thomas ◽  
Robyn Keast

There is a clear research issue for Wales regarding the roles and interactions of government policy, HEIs, SMEs and the creation and dissemination of innovation. A study of the views of key policy makers concerning innovation and entrepreneurship in Wales is undertaken, especially with regard to the development of innovation within SMEs and the policy implications for economic regeneration. The role of a variety of actors (including users and suppliers) is considered, as is the impact of networks of SMEs linked together in patterns of cooperation and affiliation. From the results and the analysis of interviews, key points of significance to innovation, entrepreneurship, higher education and economic regeneration policy making in Wales are reported.

2006 ◽  
Vol 20 (6) ◽  
pp. 433-440 ◽  
Author(s):  
Brychan Thomas ◽  
Gary Packham ◽  
Christopher Miller

This paper presents the views of key policy makers concerning innovation and entrepreneurship in Wales. The development of innovation in SMEs and the policy implications for economic regeneration are also analysed. The role of a variety of actors (including users and suppliers) is considered, as is the impact of networks of SMEs linked together in patterns of cooperation and affiliation. Qualitative research methods include policy literature analysis, an interview survey and a discussion of the policy implications for the economic regeneration of Wales. In light of the results of the study, the authors set out the key points of significance for innovation, entrepreneurship, higher education and economic regeneration policy making in Wales.


Author(s):  
Giuliano Sansone ◽  
Elisa Ughetto ◽  
Paolo Landoni

AbstractAlthough a great deal of attention has been paid to entrepreneurship education, only a few studies have analysed the impact of extra-curricular entrepreneurial activities on students’ entrepreneurial intention. The aim of this study is to fill this gap by exploring the role played by Student-Led Entrepreneurial Organizations (SLEOs) in shaping the entrepreneurial intention of their members. The analysis is based on a survey that was conducted in 2016 by one of the largest SLEOs in the world: the Junior Enterprises Europe (JEE). The main result of the empirical analysis is that the more time students spent on JEE and the higher the number of events students attended, the greater their entrepreneurial intention was. It has been found that other important drivers also increase students’ entrepreneurial intention, that is, the Science and Technology field of study and the knowledge of more than two foreign languages. These results confirm that SLEOs are able to foster students’ entrepreneurial intention. The findings provide several theoretical, practical and public policy implications. SLEOs are encouraged to enhance their visibility and lobbying potential in order to be recognized more as drivers of student entrepreneurship. In addition, it is advisable for universities and policy makers to support SLEOs by fostering their interactions with other actors operating in the entrepreneurial ecosystem, who promote entrepreneurship and technology transfer activities. Lastly, this paper advises policy makers to assist SLEOs’ activities inside and outside the university context.


Author(s):  
Harold Wolman ◽  
Howard Wial ◽  
Travis St. Clair ◽  
Edward Hill

The concluding chapter focuses on the role of public policy in promoting regional economic resilience. To better understand the potential role of various types of policy actions, we develop a temporal framework that divides policy implementation and policy effects into three different time frames, with policies varying both in the time it takes to put in place and in the time frame over which effects, if the policy is effective, can be expected. Different kinds of policy actions are likely to be most appropriate and most effective in the different time periods and in the face of different types of shocks. We conclude by considering the implications of our findings, put into this framework, for economic development policy makers and practitioners


2020 ◽  
Vol 21 (5) ◽  
pp. 1285-1306
Author(s):  
Greta Falavigna ◽  
Roberto Ippoliti

This work aims to shed new light on the relation between institutional performance and firm dynamics. Considering the Italian manufacturing industry and a panel of 3 years, the authors investigate the relation between the time needed by courts to enforce debtors’ obligations and the time needed by enterprises to repay their debts. In particular, we test the hypothesis that efficiency in settling mortgage foreclosure and bankruptcy cases can affect the creditors’ decision making on judicial disputes. According to our thesis, inordinately long waiting times to enforce credit rights may increase the contractual strength of debtors, further delaying payments. As shown by our results, there is a statistically significant positive relation between the enforcement of debtors’ obligations and the adopted payment index, confirming the key role of the judiciary in the dynamics of firms. Indeed, if the time needed to settle bankruptcy cases decreases by 25%, we can expect the payment index to decrease by 1%; while, focusing on foreclosure cases, we can expect the payment index to decrease by 2%. The policy implications of these results are rather compelling. Policy makers could reform foreclosure and bankruptcy procedures to support national economic growth, without additional burden on the public budget.


Author(s):  
Henry Chesbrough

The Introduction discusses the impact of the Great Recession upon innovation spending, and with it, a rethinking of how companies can and should innovate. Open Innovation itself has been affected by the recession, and is sometimes used now as a synonym for outsourcing or cost cutting, which was not the intention of the original concept. A renewed understanding of Open Innovation is needed to unlock its potential to deliver growth, rather than simply cut costs. The role of innovation infrastructure, both for the overall society and for the focal organization, is emphasized as a key to renewing growth through innovation. The Introduction goes on to describe the plan of the book, and introduces the three facets of innovation: generation, dissemination, and absorption. Four possible paths for reading the book are outlined, for practicing managers of innovation, for innovation policy makers, for academic scholars, and for very time-pressed readers.


2020 ◽  
Vol 12 (11) ◽  
pp. 4711 ◽  
Author(s):  
Giang Hoang ◽  
Ha Thu Thi Le ◽  
Anh Hoang Nguyen ◽  
Quyen Mai Thi Dao

This study investigates the relationship between geographical indications (GIs) and sustainable rural development in Vietnam, and analyzes the case study of the Cao Phong orange. Qualitative data were collected from interviews with Vietnamese policy-makers and orange growers to investigate the role of the government of Vietnam in designing and implementing GIs, as well as the involvement of local producers taking advantage of GIs, in order to identify how and to what extent GI protection affects sustainable rural development. The results show that GIs have positively contributed to sustainable rural development in Vietnam; however, some problems remain. This study concludes with policy implications for promoting GIs and sustainable rural development in Vietnam.


2020 ◽  
Vol 15 (2) ◽  
pp. 95-109
Author(s):  
Heba Aziz ◽  
Osman El-Said ◽  
Marike Bontenbal

The objective of this study was to measure the level of cruise tourists' satisfaction as well as the relationship between satisfaction, recommendation, return intention, and expenditure. Also, the impact of factors such as nationality, length of the visit, and age on the level of expenditure was measured. An empirical approach for data collection was followed and a total of 152 questionnaires were collected from cruise tourists visiting the capital city of Oman, Muscat, as cruise liners anchor at Sultan Qaboos Port. Results of the regression analysis supported the existence of a causal relationship between satisfaction with destination attributes, overall satisfaction, recommendation, return intention, and expenditure. It was found that the average expenditure varies according to age and length of the visit. Recommendations for policy makers were suggested on how to increase the role of cruise tourism in strengthening the economy.


2021 ◽  
Vol 13 (7) ◽  
pp. 3687
Author(s):  
Vincent Smith ◽  
Justus H. H. Wesseler ◽  
David Zilberman

This perspective discusses the impact of political economy on the regulation of modern biotechnology. Modern biotechnology has contributed to sustainable development, but its potential has been underexplored and underutilized. We highlight the importance of the impacts of regulations for investments in modern biotechnology and argue that improvements are possible via international harmonization of approval processes. This development is urgently needed for improving sustainable development. Policy makers in the European Union (EU) in particular are challenged to rethink their approach to regulating modern biotechnology as their decisions have far ranging consequences beyond the boundaries of the EU and they have the power to influence international policies.


SAGE Open ◽  
2021 ◽  
Vol 11 (2) ◽  
pp. 215824402110184
Author(s):  
Camelia Ilie ◽  
Abel Monfort ◽  
Gaston Fornes ◽  
Guillermo Cardoza

Perceptions and institutional frameworks can be barriers or facilitators to the development of female entrepreneurship policies. Institutions rely on factual data on the gender gap to evaluate their policies. However, the literature shows that the research and institutions should also analyze the impact of social beliefs on the success of these policies and initiatives. This study focuses on the impact of these perceptions in promoting female entrepreneurship. Data were collected from 287 responses to a questionnaire from Spanish women and men and were analyzed using multivariate regression analysis. The results show that the perception of lack of equality increases the gender gap even if there are specific and effective policies in a society that attempt to eliminate the gender gap in terms of the role of women in the home or positions of power. The main result is that these perceptions ultimately affect women’s entrepreneurial intentions. The results have policy implications for companies and public institutions willing to change the gender narrative about entrepreneurship and design policies and initiatives that help women overcome cultural barriers and effectively promote female entrepreneurship.


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