I’ve been working on policy guidance to encourage frugal innovation (more on this later) and want to share my thoughts on the relevance of frugal innovation for regional and local economic development. Frugal innovation has been promoted as a business management practice that can be applied in resource-constrained conditions. However, it is also relevant for…
Micro and small enterprises: preferential policy treatment and exclusions
Many governments around the world assign policy preferences to micro and small enterprises. There are two rationales for this. First, micro and small enterprises deserve of special attention because of their overall contribution to national development. As a total sector, micro and small enterprises are major contributors to employment in almost all countries. Second, micro and small…
How micro-businesses are changing the way we live and work
Our working lives are changing. We might still be dominated by international corporates, but individually and in small groups we changing the way we live. Small businesses shape my daily life in more ways than I’ve previously realised. My morning coffee and lunch are purchased from local cafes. I sub-let my office from a small…