CHAPTER 1

Growth-Oriented Entrepreneurship

Introduction

Entrepreneurship is a popular topic for researchers and policymakers around the world and much of the work in the area does not distinguish new businesses by size or strategy. However, it is now widely acknowledged that a sub-class of entrepreneurs, often referred to as “growth-­oriented entrepreneurs” or “high-growth entrepreneurs,” can be identified and distinguished by their aspirations relating to job creation, innovation, and internationalization, all of which have been positively related to the economic development that is important to so many governments.1 Acs and Szerb, the creators of the Global Entrepreneurship and Development Index (GEDI), argued that international rankings of ...

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