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• W2912309472 abstract "Along with the adoption of an open-door policyOpen-door policy , the Government of LaosGovernment of Laos (GOL) has recognised its role and supported the development of the private sector. Small- and medium-sized enterprises (SMEsSmall- and Medium-sized Enterprises (SMEs) ) constitute the core of the private sector, which has achieved rapid growth in the last three decades and noticeable contribution to job creation. This chapter attempts to address the relationship between entrepreneurial human capitalHuman capital , and successful entrepreneurshipEntrepreneurship and innovationInnovation in Laos. The analysis is based on primary data from a questionnaire survey of manufacturing SMEsSmall- and Medium-sized Enterprises (SMEs) in Vientiane in 2016. The results indicate that owner education at the university and higher levels increases the probability of innovationInnovation and that a combination of augmented human capitalHuman capital and innovationInnovation tend to enhance successful entrepreneurshipEntrepreneurship . The findings shed more light on the importance of human capitalHuman capital , and innovationInnovation and entrepreneurshipEntrepreneurship promotion in economic development. It gives rise to the quality and appropriateness of education and training for entrepreneurs, if the target of the government policy is to foster successful innovationInnovation and entrepreneurshipEntrepreneurship and to promote SME development as part of socio-economic development." @default.
• W2912309472 created "2019-02-21" @default.
• W2912309472 creator A5048609147 @default.
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• W2912309472 date "2019-01-01" @default.
• W2912309472 modified "2023-09-25" @default.
• W2912309472 title "Human Capital, Innovation and Entrepreneurship in Micro and Small Businesses in Laos" @default.
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• W2912309472 doi "https://doi.org/10.1007/978-981-13-3525-9_5" @default.
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