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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.

Suggested Citation

  • Lenihan, Helena, 2011. "Enterprise policy evaluation: Is there a 'new' way of doing it?," Evaluation and Program Planning, Elsevier, vol. 34(4), pages 323-332, November.
  • Handle: RePEc:eee:epplan:v:34:y:2011:i:4:p:323-332
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    Citations

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    Cited by:

    1. Norin Arshed & Sara Carter & Colin Mason, 2014. "The ineffectiveness of entrepreneurship policy: is policy formulation to blame?," Small Business Economics, Springer, vol. 43(3), pages 639-659, October.
    2. Paredes-Frigolett, Harold, 2016. "Modeling the effect of responsible research and innovation in quadruple helix innovation systems," Technological Forecasting and Social Change, Elsevier, vol. 110(C), pages 126-133.
    3. Arshed, Norin, 2017. "The origins of policy ideas: The importance of think tanks in the enterprise policy process in the UK," Journal of Business Research, Elsevier, vol. 71(C), pages 74-83.
    4. Mamedov, Arseny & Hudko, Hudko & Belev, Sergei & Moguchev, Nikita Sergeevich, 2016. "Comparative Analysis of the Effectiveness of Individual Instruments of State Investment Policy," Working Papers 3052, Russian Presidential Academy of National Economy and Public Administration.
    5. repec:spr:scient:v:105:y:2015:i:3:d:10.1007_s11192-015-1764-6 is not listed on IDEAS
    6. László Szerb & Éva Komlósi & Balázs Páger, 2016. "Measuring Entrepreneurship and Optimizing Entrepreneurship Policy Efforts in the European Union," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 14(3), pages 08-23, October.
    7. repec:ces:ifodic:v:14:y:2016:i:3:p:19255694 is not listed on IDEAS
    8. McGuirk, Helen & Lenihan, Helena & Hart, Mark, 2015. "Measuring the impact of innovative human capital on small firms’ propensity to innovate," Research Policy, Elsevier, vol. 44(4), pages 965-976.
    9. Zubizarreta, Mikel & Cuadrado, Jesús & Iradi, Jon & García, Harkaitz & Orbe, Aimar, 2017. "Innovation evaluation model for macro-construction sector companies: A study in Spain," Evaluation and Program Planning, Elsevier, vol. 61(C), pages 22-37.

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