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Implementing Public Policy for Business Development: The National Entrepreneurship Development Company

Journal of Entrepreneurship, Business and Economics

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Field Value
 
Title Implementing Public Policy for Business Development: The National Entrepreneurship Development Company
 
Creator Ramkissoon-Babwah, Natasha
Mc David, Jameela
 
Description Entrepreneurship creation has been supported by many entrepreneurship development policies which have been implemented with various cross-cutting mechanisms. Such policies have been designed and executed within the international arena with mixed results in shaping the entrepreneurial growth rate. There has been limited research in the operational process of implementing public policy for stimulating entrepreneurship within developing countries and this research paper addresses this gap with an examination of the experiences of a selected public sector organization called the National Entrepreneurship Development Company Limited (NEDCO) that has the mandate for implementing the entrepreneurship policy of Trinidad and Tobago. The research has revealed that central pillars for success in public policy implementation include public sector alignment, customer responsiveness, the adoption of market orientation in operations, establishing strategic alliances within the business enterprise eco-systems, and creating monitoring and evaluation frameworks that engage a wide stake-holder net with a benchmarking and 360 degree approach.
Research paper
Reference to this paper should be made as follows: Ramkissoon-Babwah, N. Mc David, J. (2017). Implementing Public Policy for Business Development: The National Entrepreneurship Develop-ment Company, Journal of Entrepreneurship, Business and Economics, Vol. 5, No. 1, pp. 140–156.
 
Publisher Scientificia
 
Date 2016-11-07
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.scientificia.com/index.php/JEBE/article/view/52
 
Source Journal of Entrepreneurship, Business and Economics; Vol 5 No 1 (2017); 140-156
2345-4695
 
Language eng
 
Relation http://www.scientificia.com/index.php/JEBE/article/view/52/53