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Why is the quality of innovation-driven entrepreneurship seemingly declining? We argue the growing Entrepreneurship Industry and the way it has transformed entrepreneurship as an activity are important, under-appreciated explanations. By leveraging the Ideology of Entrepreneurialism to mass-produce and mass-market products, the Entrepreneurship Industry has made possible what we term Veblenian Entrepreneurship. This is entrepreneurship pursued primarily as a form of conspicuous consumption, and it is fundamentally different from the innovation-driven entrepreneurship that it emulates and superficially resembles. Aside from lowering average entrepreneurial quality, Veblenian Entrepreneurship has a range of (short-run) positive and (medium- and long-run) negative effects for both individuals and society at large. We argue that the rise of the Veblenian Entrepreneur might contribute to creating an increasingly Untrepreneurial Economy. An Untrepreneurial Economy appears innovation-driven and dynamic but is actually rife with inefficiencies and unable to generate economically meaningful growth through innovation.

The objective of this chapter is to explain how an innovation-driven economic development model can help to mitigate corruption and facilitate competitiveness in Nigeria.

With the use of descriptive narratives, Nigeria was examined in comparison with other countries such as South Korea. The chapter argues that Nigeria has not experienced development as much as South Korea because of her primary dependence on crude oil for economic sustenance.

Evidence from the statistics showed that innovation-driven economies are more competitive and less corrupt compared to natural resource-driven economies such as Nigeria. Nigeria has performed poorly in terms of competitiveness, transparency, and governance owing to her dependence on natural resources as a major means for economic sustenance.

Helps to explain why an innovation-driven economic development model is the solution to mitigating corruption and facilitating competitiveness in Nigeria.

Purpose: This chapter uses the different models developed in international business and the international experience of small- and medium-sized enterprises (SMEs) to propose efficient ways of confronting globalization.

Design/methodology/approach: The positive experience of SMEs in countries driven by the pursuit of efficiency and innovation was analyzed, taking into account the stages of the development of the country. Uniqueness, cooperation, coalition, and integration are the key to success in the global market, as illustrated by case studies.

Findings: Factor-driven SMEs have the choice of contract marketing based on specialization or of increasing efficiency and establishing various kinds of coalition or cooperation. Efficiency- and innovation-driven SMEs can improve their global position by offering some unique value, by participating in or initiating a coalition, or by establishing strategic alliances with a multinational corporation.

Practical implications: Analysis of case studies illustrating each model of globalization helps the SMEs in selecting a relevant international business strategy over time.

Originality/value: Each model of globalization is illustrated by SMEs that have successfully implemented it.

This chapter explores emerging concerns and issues of University and Business Co-operation (UBC) at Indonesian universities. Over decades, the Indonesian government has been implemented policies and strategies to stimulate collaboration between universities and business by offering them a variety of funding schemes. It has been aimed to foster innovation and to reach the government ambition, to make Indonesia as a country in the innovation-driven economy by 2020. Our study was based on a desk evaluation and the secondary data. We collected and examined documents of the governmental policies, universities’ strategies, relevant UBC articles, etc. in order to get an overview of UBC in Indonesia. Our findings suggests that the participation rate of universities and academics in UBC, especially with those funded by the government, remains low. The government expected more participation by offering more funds; however, it was not successfully achieved. We conclude that to increase the participation of universities and academics in UBC, they need to resolve the different institutional logics with their business counterparts.

The European Union’s Digital Markets Act (DMA) calls for far-reaching changes to the way economic activity will occur in EU digital markets. Before its remedies are imposed, it is critical to assess their impacts on individual markets, the digital sector, and the overall European economy. The European Commission (EC) released an Impact Assessment in support of the DMA that purports to evaluate it using cost/benefit analysis.

An economic evaluation of the DMA should consider its full impacts on dynamic competition. The Impact Assessment neither assesses the DMA's impact on dynamic competition in the digital economy nor evaluates the impacts of specific DMA prohibitions and obligations. Instead, it considers benefits in general and largely ignores costs. We study its benefit assessments and find they are based on highly inappropriate methodologies and assumptions. A cost/benefit study using inappropriate methodologies and largely ignoring costs cannot provide a sound policy assessment.

Instead of promoting dynamic competition between platforms, the DMA will likely reinforce existing market structures, ossify market boundaries, and stunt European innovation. The DMA is likely to chill R&D by encouraging free riding on the investments of others, which discourages making those investments. Avoiding harm to innovation is critical because innovation delivers large, positive spillover benefits, driving increases in productivity, employment, wages, and prosperity.

The DMA prioritizes static over dynamic competition, with the potential to harm the European economy. Given this, the Impact Assessment does not demonstrate that the DMA will be beneficial overall, and its implementation must be carefully tailored to alleviate or lessen its potential to harm Europe’s economic performance.

In the last decade the discussion on green innovations has gained in importance, both in practice and in academia. This chapter builds on the idea that performance in innovation capturing environmental aspects doesn’t depend only on inputs but also the synchronization of different stakeholders, firms and policy-makers that make an innovation-driven society. In disruptive periods, green adaptive ability which refers to ability to comply with environmental regulations is based on corporate environmental commitments and their social responsibility as well as on green human capital. Based on corporate environmental commitments, companies seek business opportunities by changing their business models as well as by integrating, building and reconfiguring competences to comply with environmental standards. Green human capital, on the other side, builds organizational culture that supports green innovation. The aim of this chapter is to present a conceptual model that stimulates green innovations at the company level and discusses the proper governance structure supportive of innovation and effective strategies of policy-making.

The chapters in this volume have been derived from the best papers presented at the annual International High Technology Small Firms (HTSFs) Conference held at Enschede, The Netherlands, and organized by Nikos, the Dutch Institute for Knowledge Intensive Entrepreneurship in May 2008, with the collaboration of Manchester Business School. The present volume is the ninth in the present series of “new millennium” volumes from this conference and book series that began in 1993. As Oakey and Cook wrote in the introduction to Volume 8, government policies in developed Western economies remain focused on emphasizing innovation driven by entrepreneurship as a major vehicle for future economic success. In particular, many European governments support such entrepreneurship by emphasizing the key role of new firm “gazelles” in producing the disruptive innovations and inventions that will create future new industries. This approach in the Netherlands has led to the creation of special Chairs of International entrepreneurship at three technical universities, namely, The University of Twente, the Technical University of Delft, and the Technical University of Eindhoven. These chairs have now been filled and are held at the University of Twente by Shaker Zahra, the Technical University of Delft by Paul Trott, and the Technical University of Eindhoven by Anthony di Bennedetto. The objective of these appointments is the stimulation of technology-based entrepreneurship in the student populations of the Netherlands university sector, and to increase our detailed knowledge of technology-based enterprises, involving a strong focus on the research problems of internationalization, particularly among, university-derived HTSFs.