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This case study relates to the application of entrepreneurship education research to entrepreneurship development practice internationally. The socio-economic impact of the research has been tracked with impact maps and demonstrates impact upon entrepreneurship policy, advisory agency stances and university practice in the UK, continental Europe, other industrially-developed countries and developing countries. In addition to universal entrepreneurship education research and associated impact, the work has had specific impact upon specific facets of entrepreneurship including ethnic minority enterprise, creative industries entrepreneurship and e-entrepreneurship.
Research at Aston University has influenced and shaped business support policy in the UK and changed the strategic direction of small businesses in the Midlands region, which has led to increased growth and profitability. A specific impact of the research nationally has been to inform the Coalition Government's business support policy and form part of the underlying rationale for the new Growth Accelerator business support programme in England. At regional level the research has changed strategic thinking, specifically in the Greater Birmingham and Solihull region through its Local Enterprise Partnership, the Leeds City Region, and the Greater London Authority, influencing business support strategy and practice in those areas. On the ground, Aston's research has had a direct impact on the growth, job creation and profitability of small businesses in the Midlands.
Chang's research has covered a wide range of public policy, including industrial policy, trade policy, privatisation, and agricultural policy, as well as theories of state intervention. By successfully challenging the then prevailing orthodoxy on economic development, his research has had significant influence on the actions of many national governments, multilateral institutions (e.g., the UN, the World Bank) and NGOs (e.g., Oxfam). Chang's research has also had substantial impact on public debate concerning economic policies, especially but not exclusively those regarding development issues. He has had two best-selling mass-market books (together sold 1.15 million copies as of December 2012) and gained worldwide media exposure for his views.
Research led by Professor Mazzucato has changed the framework used by UK and EU policy- makers to design innovation and industrial policy. Her work on The Entrepreneurial State has influenced how policy-makers think beyond a `market-failure' framework and use in its place a `mission-oriented' framework: not only fixing market failures but actively trying to shape and create markets. This new framework has fed into specific areas of sector-related policy including life sciences. The influence has been acknowledged directly in ministerial speeches; cited by a 2012 Department for Business, Innovation and Skills policy paper; and discussed extensively in the international media, including lead articles in The Economist, the Financial Times and Forbes which have recognised the `heretical' nature of this work.
University of Glasgow research into public sector governance has influenced planning and investment in major transport and infrastructure projects. Transport Scotland's Strategic Transport Projects Review was the first nationwide, multi-modal, evidence based review of Scotland's transport system; as a member of the Board, Professor Iain Docherty contributed to its recommendations, adopted by the Scottish Government in December 2008. His research also shaped the Commission for Integrated Transport's negotiations with the Westminster Government on the White Paper which underpinned the Planning Bill 2008 and subsequent Planning Act 2009; informed the Cabinet Office's 2009 Urban Transport strategy and recommendations; and influenced 2012 investment planning discussions by Edinburgh City Council.
Research by University of Huddersfield Business School has delivered regional and national impact in the field of entrepreneurship and enterprise. It has informed the award-winning delivery of business start-up and growth support programmes across Yorkshire and the Humber, contributing to the regional economy through additional business and job creation. It has helped to shape policy on national entrepreneurship and enterprise education for undergraduates, graduates and postgraduate research students. It has also influenced policy and guidance in the areas of enterprise and entrepreneurship education, entrepreneurship support and social enterprise across the UK through researchers' involvement with national incubation, education and research-based organisations.
Monetary policy and its effect on the wider economy are important for South Africa's objective of achieving both high economic growth and low inflation — which are deemed to contribute to the government's and electorate's greater objectives of reducing poverty and creating employment. The central bank (South African Reserve Bank, SARB) and the National Treasury have responsibility for both monetary policy and the oversight of the financial sector. Laurence Harris's research on the links between monetary policy, financial sector development, and their connection with the financing and investment decisions made by businesses has led both institutions to seek and act on his advice.
The funding of innovative SMEs is widely recognised to suffer from market failures and has been an area of policy concern since the 1930s. Sussex research has contributed significantly to understanding the underlying causes of these market failures, particularly for innovative firms in the UK and EU. It has placed stronger emphasis, than was the case in the past, on addressing demand -, rather than supply-side constraints (caused by the limited number of UK firms capable of generating commercial returns). This enables it to contribute towards the design and implementation of more effective equity support.
A theme within Professor David Mosse's anthropological research focuses on the relationship between policy, practice and effects in international development. His field-based ethnographic research challenges assumptions about policy implementation and the nature of success and failure in aid programming. His novel approach to questions of policy analysis and policy change has been widely influential on thinking among policymakers and practitioners across a range of organisations, sectors and countries. It has enhanced the capacity for adaptive self-critical understanding of the aid process among practitioners and aid organisations, while also demonstrating the importance of researcher-practitioner engagement in improving the delivery of aid and development programmes.
The UK lags behind many countries with respect to training and skills development, especially among smaller firms. Challenging conventional wisdom, research at Durham University Business School (DUBS) helped to shape a major new government policy designed to address this problem — the £50m per year Growth & Innovation Fund (GIF) pilot. Introduced in 2011, this is a competitive funding mechanism to encourage firms, especially small firms, to work together to facilitate skills development. The initial impact is upon the form of GIF as a policy mechanism, where firms are invited to bid collectively for matched funding to support activities to deliver training to networks. The subsequent impact is that of GIF in operation — where it has both reach in the substantial number of UK businesses affected, and significance as a new approach to solving a longstanding problem in skills deficiency among smaller firms. More specifically, it shaped government policy, including the form of delivery of training to the public and to businesses.