15 Effect of Government Policies on SME Innovation and Entrepreneurship
Abstract
Small and Medium Endeavours (SMEs) assume a critical part in the monetary turn of events and development, setting out work open doors and adding to advancement and business. Policies to encourage the growth of small and medium-sized enterprises (SMEs) have been developed by governments that are aware of their significance to their economies. This chapter looks at the impact of government strategies on SME development and business. Grants, subsidies, and tax breaks are some of the government policies designed to encourage SME innovation and entrepreneurship. These policies aim to give small and medium-sized businesses (SMEs) the money they need to grow and innovate. However, several factors influence these policies’ ability to encourage SME innovation and entrepreneurship. One of the elements that influence the adequacy of government approaches to SME advancement and business venture is the size of the SMEs. Due to their larger size and easier access to resources, large SMEs are more likely to benefit from government policies. On the other hand, smaller SMEs may not have access to the same resources and may struggle to compete with larger SMEs. The nature of the industry is another factor that affects how well government policies for SME innovation and entrepreneurship work. For example, it may be more difficult for small and medium-sized businesses (SMEs) to compete with larger businesses because some industries may require more significant investments in R&D. Also, enterprises that are overwhelmed by giant firms might be less helpful for SME development and business venture. The efficacy of government policies regarding SME innovation and entrepreneurship is also significantly influenced by the regulatory environment. Excessively complicated guidelines can ruin the capacity of SMEs to advance and contend with more prominent firms. On the other hand, SMEs may be able to access the resources they require to innovate and expand in a regulatory environment that is favourable. Moreover, admittance to support is essential for SME development and business. SMBs can significantly benefit from government policies that make it easier to get financing. However, a variety of factors, including the SME’s size and industry, determine whether financing is available.
Abstract
Small and Medium Endeavours (SMEs) assume a critical part in the monetary turn of events and development, setting out work open doors and adding to advancement and business. Policies to encourage the growth of small and medium-sized enterprises (SMEs) have been developed by governments that are aware of their significance to their economies. This chapter looks at the impact of government strategies on SME development and business. Grants, subsidies, and tax breaks are some of the government policies designed to encourage SME innovation and entrepreneurship. These policies aim to give small and medium-sized businesses (SMEs) the money they need to grow and innovate. However, several factors influence these policies’ ability to encourage SME innovation and entrepreneurship. One of the elements that influence the adequacy of government approaches to SME advancement and business venture is the size of the SMEs. Due to their larger size and easier access to resources, large SMEs are more likely to benefit from government policies. On the other hand, smaller SMEs may not have access to the same resources and may struggle to compete with larger SMEs. The nature of the industry is another factor that affects how well government policies for SME innovation and entrepreneurship work. For example, it may be more difficult for small and medium-sized businesses (SMEs) to compete with larger businesses because some industries may require more significant investments in R&D. Also, enterprises that are overwhelmed by giant firms might be less helpful for SME development and business venture. The efficacy of government policies regarding SME innovation and entrepreneurship is also significantly influenced by the regulatory environment. Excessively complicated guidelines can ruin the capacity of SMEs to advance and contend with more prominent firms. On the other hand, SMEs may be able to access the resources they require to innovate and expand in a regulatory environment that is favourable. Moreover, admittance to support is essential for SME development and business. SMBs can significantly benefit from government policies that make it easier to get financing. However, a variety of factors, including the SME’s size and industry, determine whether financing is available.
Chapters in this book
- Frontmatter I
- Preface V
- Contents VII
- Introduction IX
- 1 Enhancing SMEs’ Sustainability Through Innovative Practices 1
- 2 The Approach of SMEs Towards Green Management Practices 17
- 3 Factors Influencing Financial Backers’ Exit Decisions from a New Venture 33
- 4 Technological Advancement in Industrial Revolution 4.0 for Sustainable Development of India: Understanding Linkages in Theory and Practice 57
- 5 Impact of Macroeconomic Determinants and Corporate Attributes on Firms’ Financial Success in India 73
- 6 Exploring Individual Investor Intentions Towards Socially Responsible Investment 95
- 7 Ownership Structures and Performance of SMEs: An Empirical Analysis 119
- 8 Short-Run Pricing Performance of Selected Indian IPOs During COVID-19 for Alternative Investment Avenue 141
- 9 Emerging Green: Exploring Strategic Factors for SMEs’ Adoption of Green Technology and Innovation in India 165
- 10 Impact of Sustainability and Green Finance on SMEs to Promote Green Growth 187
- 11 Progress Intention and Sales Revenue Growth in Micro, Small and Medium Enterprises (SMEs) 199
- 12 Green Management Practices by Small and Medium Enterprises 211
- 13 An Analysis of MSMEs’ Contributions to the Promotion of SDGs in India 227
- 14 Impact of Innovation and Its Role in Small Medium Enterprises’ Sustainability 247
- 15 Effect of Government Policies on SME Innovation and Entrepreneurship 267
- 16 A Study on Various Aspects of SMEs’ Orientation for Corporate Social Responsibility 285
- 17 SME and Environmental Sustenance: Digital Marketing in SMEs via Data- Driven Strategies 315
- List of Contributors 333
- About the Editors 339
- List of Tables 341
- List of Figures 343
- Index 345
Chapters in this book
- Frontmatter I
- Preface V
- Contents VII
- Introduction IX
- 1 Enhancing SMEs’ Sustainability Through Innovative Practices 1
- 2 The Approach of SMEs Towards Green Management Practices 17
- 3 Factors Influencing Financial Backers’ Exit Decisions from a New Venture 33
- 4 Technological Advancement in Industrial Revolution 4.0 for Sustainable Development of India: Understanding Linkages in Theory and Practice 57
- 5 Impact of Macroeconomic Determinants and Corporate Attributes on Firms’ Financial Success in India 73
- 6 Exploring Individual Investor Intentions Towards Socially Responsible Investment 95
- 7 Ownership Structures and Performance of SMEs: An Empirical Analysis 119
- 8 Short-Run Pricing Performance of Selected Indian IPOs During COVID-19 for Alternative Investment Avenue 141
- 9 Emerging Green: Exploring Strategic Factors for SMEs’ Adoption of Green Technology and Innovation in India 165
- 10 Impact of Sustainability and Green Finance on SMEs to Promote Green Growth 187
- 11 Progress Intention and Sales Revenue Growth in Micro, Small and Medium Enterprises (SMEs) 199
- 12 Green Management Practices by Small and Medium Enterprises 211
- 13 An Analysis of MSMEs’ Contributions to the Promotion of SDGs in India 227
- 14 Impact of Innovation and Its Role in Small Medium Enterprises’ Sustainability 247
- 15 Effect of Government Policies on SME Innovation and Entrepreneurship 267
- 16 A Study on Various Aspects of SMEs’ Orientation for Corporate Social Responsibility 285
- 17 SME and Environmental Sustenance: Digital Marketing in SMEs via Data- Driven Strategies 315
- List of Contributors 333
- About the Editors 339
- List of Tables 341
- List of Figures 343
- Index 345
