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Steps in e-policy
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| Words: 600 | Submitted: 18-Dec-2011
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STEPS IN THE E-POLICY JOURNEY
The policy imperative is to ensure a future stock of new firms to replace exiting firms and the jobs shed by exiting and downsizing firms. The rapidity with which the structure of the economy is changing is accelerating. We know that the majority of the firms that exist today will not still be around ten years from now. The example we shared in chapter 1 is illustrative of the effect of this rapid churning (Parsley and Dreessen, 2004). The entrepreneurship policy journey has two major outcomes – an increase in entrepreneurial activity levels and an increase in the percentage of new, young firms that grow. The base objective of entrepreneurship policy is to increase the supply of entrepreneurs. The unit of focus is the individual entrepreneur or potential entrepreneur. Because many people have the potential to become an entrepreneur , policy measures and both broad and general at the beginning of the entrepreneurial process and more specific as people become nascent entrepreneurs and enter the actual start-up and early-development stages. Different policy measures will be required for different stages of the process? depending on the national or regional context.
Taking the lessons we have learned from the policy practices in the 13 countries in combination with research-based knowledge, we have constructed an integrated and systematic approach that can be followed by other governments seeking to implement entrepreneurship policy. Although the specificities of each country will differ, as we have seen in our case studies and demonstrated through the context model, we believe that entrepreneurship policy offers the potential for both short-term and long-term impact on the level of entrepreneurship and entrepreneurial activity in a society and, therefore, its future economic prosperity.
The nine-step process we describe in this final chapter will make us use of the policy frameworks, conceptual models and assessment tools we have developed in the preceding chapter. Completing the process will ultimately require a considerable amount of analysis on the part of governments in cooperation with the research society and the business support community. All of the necessary information and data to enable a full completion of each step may not be immediately available for this purpose but we argue that this more systematic approach to finding the path to an optimal configuration of policy measures will produce favorable result.
In the next sections we describe each of the nine steps in this process:
Examine “context” — take-stock of aspects of the Outcomes, Structure and SME/Entrepreneurial Vitality dimensions of the economy that have the potential to impact on higher or lower levels of entrepreneurial activity.
State the priority problems and issues resulting from the context analysis and set overall ...
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