Authors: Anjum Fayyaz, Sarfraz A. Mian, Jamshed H. Khan
Addresses: UNIDO Cluster Development Programme, 25 – P, Model Town Extension, Lahore 54700, Pakistan. ' State University of New York at Oswego, School of Business, 310 Rich Hall, Oswego, NY 13126, USA. ' Lahore University of Management Sciences, Opposite Sector U – DHA, Lahore Cantt., 54792, Pakistan
Abstract: Economists take entrepreneurship as the capabilities of an enterprising person to manage and organise various factors of production, take risk, innovate and imitate new things and meet the unforeseen situations. In Pakistan, non-availability of authentic data on Small and Medium Enterprises (SMEs) and entrepreneurship, overlapping mission statements of agencies working to promote SMEs and entrepreneurs, non-availability of right BDS2 providers (public and private) and non-professional management of interest groups such as chambers and associations in the industrial clusters have hampered the growth and sustainability of SMEs in Pakistan. The paper also talks about the need to understand the holistic approach based on clusters and networks development methodology to initiate the industrial change management in Pakistan.
Keywords: Pakistan; entrepreneurship; globalisation; SMEs; small and medium-sized enterprises; industrial clusters; networks; innovation; change management.
International Journal of Business and Globalisation, 2009 Vol.3 No.3, pp.271 - 287
Published online: 25 Feb 2009 *Full-text access for editors Access for subscribers Purchase this article Comment on this article