Entrepreneurship and Small Firms

The sixth edition of Entrepreneurship and Small Firms offers a fully revised and updated exploration of entrepreneurial theory and practice. Contributions from leading academics ensure that the book not only presents a clear introduction to the subject but also provides an in-depth analysis of small firm theory, concepts, policy, and practical challenges encountered by entrepreneurs. This edition builds on the popular approach of earlier versions by integrating academic insights with real-world examples. Covering a wide spectrum of topics - from economic influences and sources of finance to diversity, family business, and social entrepreneurship - the text also introduces a fresh chapter on Corporate Entrepreneurship. This new section gives students a unique perspective on entrepreneurial activities within larger organizations. With a reorganized chapter structure that guides readers from foundational concepts through strategic development to practical implementation, the book serves as both a rigorous academic resource and a practical toolkit for aspiring entrepreneurs. The inclusion of numerous examples and case studies throughout the text highlights the dynamic nature of entrepreneurship in today’s environment.