EM4FIT · Entrepreneurial Management for Fostering Innovation and Talents

Entrepreneurial Management for Fostering Innovation and Talents

Entrepreneurial management practices play a pivotal role in taking entrepreneurial knowledge and utilizing it towards innovation and talent development, ultimately creating growth and increasing the effectiveness of both new business ventures and small- and medium-sized enterprises (SMEs). EM4FIT investigates entrepreneurship and related management practices from an interdisciplinary and multi-level angle as important variables in the interplay between individual, organisational and institutional contexts within and between advanced and emerging markets. Our overarching aim is to analyse the role of the main aspects that characterize entrepreneurship and entrepreneurial management practices for innovation and competitiveness in the interplay between individual, organisational and institutional contexts within European and emerging markets to realize economic and social growth. Notably, we have the following objectives: 1. To asses institutional and environmental determinants that influence the relationship between entrepreneurial management, innovation and its knowledge and technology constituents in universities, start-ups and established companies; 2. To study entrepreneurial management practices in latecomer firms and the impact of institutional determinants on their innovation catch-up and performance; 3. To analyse context-specific cross-level drivers and hinders of sustainable entrepreneurship in advanced and emerging economies; 4. To identify cross-level influences of entrepreneurial management practices that encourage, facilitate and guide employee behaviour towards talent building and innovativeness; 5. To analyse the effect of specific contexts on entrepreneurial management practices and their effect on new forms of organizing actions; 6. To assess the role of entrepreneurial management for innovation and talent building of collective entrepreneurship from a context-sensitive perspective; 7. To outline the impact of joint scientific activities on EU innovation strategies, policies and entrepreneurship actions; 8. To develop best practice training elements for entrepreneurship education at universities and business schools, and 9. To share knowledge among the project partners to acquire new skills and develop their careers. Our findings are of both theoretical and practical relevance: We emphasize translating academic entrepreneurial knowledge into practical applications, enhancing the relevance and impact of academic research on real-world entrepreneurial scenarios. Enhancing Innovation and Competitiveness: By analyzing the interplay of entrepreneurial management practices with various contexts, the project aims to foster innovation and competitiveness, crucial for economic and social growth in European and emerging markets. Entrepreneurship Education: The project highlights the development of best practice training elements for entrepreneurship education at universities and business schools, nurturing future entrepreneurs and intrapreneurs to drive innovation and growth. Knowledge Sharing and Skill Development: We underscore collaborative learning and knowledge sharing among partners for skill acquisition and career development, contributing to a vibrant entrepreneurial ecosystem. Policy Implications and Diverse Market Dynamics: Insights from the project on sustainable entrepreneurship and joint scientific activities could inform EU innovation policies while providing a nuanced understanding of diverse market dynamics and aiding the adaptation of entrepreneurial education and practices to different market contexts.

Data: CORDIS, © European Union