Drivers of Innovation and Entrepreneurship

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Author(s): Shankar Subramanian Iyer (Westford University College, Sharjah, UAE), Khyati S. Marwah (Westford University College, Sharjah, UAE), Rupinder Pal Kaur (Westford University College, Sharjah, UAE)and Meenakshi P. Dhoundiyal (Westford University College, Sharjah, UAE)
Copyright: 2023
Pages: 30
Source title: Handbook of Research on Designing Sustainable Strategies to Develop Entrepreneurial Intention
Source Author(s)/Editor(s): Ramakrishna Yanamandra (Skyline University College, UAE)and Logaiswari Indiran (Universiti Teknologi Malaysia, Malaysia)
DOI: 10.4018/978-1-6684-8781-5.ch008

Keywords: Business & Management / Business Science Reference / Entrepreneurship / Entrepreneurship & Innovation

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Abstract

This chapter explores the drivers of innovation and entrepreneurship, looking at the various psychological, cultural, economic, and social motivations that drive people to develop new ideas and turn them into successful businesses. It is of research interest to look at how these drivers interact with each other and how they can be used to foster innovation and entrepreneurship in an organization. The role of the public sector and private sector in the promotion of innovation and entrepreneurship and the need for an enabling environment for the development of innovative and entrepreneurial activity is covered in this research. Finally, the importance of education and training in developing the skills necessary for innovation and entrepreneurship will be discussed. The contribution to the area of study is the conceptual model portraying the disruption innovation theory and the multi-level integration processes theory to propose the multi-level innovation theory.

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