This relationship between climate and innovative behavior has led to interest in the field of micro and small business entrepreneurship.

A plethora of new reports, materials, products, new financial networks, coupled with new joint venture possibilities, affect the way Micro, Small, and Mediumsized Enterprises (MSMES) do business globally. The number of articles, books, and symposia written on the role of the MSMEs in developing change and innovation is overwhelming. However, the literature fails to examine the affect national, city, and organizational climates have on entrepreneurs and the MSME’s ability to prosper in a very dynamic marketplace. For those of us involved and concerned about innovation and change, to overlook the key elements of climate distorts our understanding of the critical elements needed to foster entrepreneurial and innovative ecosystems.

This report will attempt to add to our understanding of how entrepreneurs and MSMEs interrelate with their climate to create innovative products and services. Researchers, managers, and government officials are becoming increasingly interested in examining how individuals and MSMEs can create an innovative and creative climate. This interest is fueled by the desire to understand the link between climate and the influence it has on individuals to develop and initiate new products, services, and systems. This relationship between climate and innovative behavior lead to interest in the field of micro and small business and entrepreneurship. This report will attempt to further explain this phenomenon from the perspective of the entrepreneur and the impact on the company. (Read more…)

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