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Entrepreneurship and Enterprise Value Creation in Support of Smart, Sustainable, and Inclusive Growth in the European Union

Entrepreneurship and Enterprise Value Creation in Support of Smart, Sustainable, and Inclusive Growth in the European Union
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Author(s): Julia S. Stefanova (Economic Research Institute at the Bulgarian Academy of Sciences, Bulgaria)and Zachary Wenner (Fulbright Commission, Bulgaria)
Copyright: 2017
Pages: 25
Source title: Optimal Management Strategies in Small and Medium Enterprises
Source Author(s)/Editor(s): Milan B. Vemić (Higher School of Academic Studies “DOSITEJ”, Serbia)
DOI: 10.4018/978-1-5225-1949-2.ch013

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Abstract

In 2010, the European Union codified “Smart, Sustainable, and Inclusive Growth” (SSIG) as part of the Europe 2020 Strategy. Introduced in the context of the global financial crisis, SSIG seeks to restore economic resiliency and foster a more equitable, innovative and environmentally sustainable European economy. The research evaluates the processes of entrepreneurship through which small and medium enterprises (SMEs) contribute to SSIG, including through “innovation-driven entrepreneurship,” “sustainable entrepreneurship” and “social entrepreneurship.” The research additionally assesses the creation of an enabling regulatory and fiscal environment for these modes of value creation, their associated socio-economic outcomes and their monitoring and evaluation practices.

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