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Enterprise policy evaluation: Is there a 'new' way of doing it?

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  • Lenihan, Helena

Abstract

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.

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Bibliographic Info

Article provided by Elsevier in its journal Evaluation and Program Planning.

Volume (Year): 34 (2011)
Issue (Month): 4 (November)
Pages: 323-332

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Handle: RePEc:eee:epplan:v:34:y:2011:i:4:p:323-332

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Web page: http://www.elsevier.com/locate/evalprogplan

Related research

Keywords: 'New' enterprise policy Evaluation Evaluation metrics Logic models;

References

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