Ricerc@Sapienza

This paper presents a theoretical model exploring the effects of industrial policy (IP) when entrepreneurs are characterized by different ability levels and sectors are heterogeneous as for their profitability and social externalities generated. The optimal structure of IP in terms of monetary transfers is shown to crucially depend on the distribution of entrepreneurs abilities. In an extension of the model, we consider the case in which the Government can use also the provision of business training to entrepreneurs as an additional instrument of IP.

Purpose – The purpose of this paper is to explore the characteristics and personal values of a successful
entrepreneur in order to understand the quality of such characteristics. Thus, this paper aims to investigate
how these characteristics and personal values impact strategic decision-making and outcomes driving the
success and growth of small and medium-sized enterprises (SMEs).
Design/methodology/approach – The research question is answered through a single case study approach