ERIC Number: EJ928833
Record Type: Journal
Publication Date: 2011-Nov
Abstractor: As Provided
Reference Count: 0
Enterprise Policy Evaluation: Is There a "New" Way of Doing It?
Evaluation and Program Planning, v34 n4 p323-332 Nov 2011
Given that most economies are now in recession, policymakers are looking to small firms to act as engines of economic growth; this has led to a revived interest in the role of enterprise policy. The "new" enterprise policy is systemic, promoting and shaping externalities and capabilities. At its core are R&D, innovation and education. It encapsulates a shift from direct intervention towards creating an enabling environment for small firms and entrepreneurship. At present there is a research lacuna regarding the evaluation of such policies. The aim of this paper is to fill this gap by making two key contributions. First, I demonstrate that traditional enterprise evaluation metrics are too narrow: they focus almost exclusively on private firm impacts, rather than broader societal impacts caused by the pervasive nature of "new" enterprise policies. Second, I illustrate how logic models could be expanded to account for these broader impacts. (Contains 2 tables and 1 figure.)
Descriptors: Economic Progress, Program Evaluation, Models, Logical Thinking, Innovation, Entrepreneurship, Economic Climate, Research and Development, Education, Intervention
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Publication Type: Journal Articles; Reports - Evaluative
Education Level: N/A
Authoring Institution: N/A