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Edited by Léo-Paul Dana
Chapter 15: Asia-Pacific Perspectives of International Entrepreneurship
15 Asia–Paciﬁc perspectives of international entrepreneurship John Milton-Smith The role of a technopreneur is to bring together research talent, venture capital, new business concepts and management skill to create commercially successful technological innovations or, alternatively, to leverage innovations eﬀectively through the application of technology. This study sets out to explore whether the Asian crisis of 1997–8 and its aftermath oﬀer any useful insights into the behaviour and practices of Asian SMEs, which might provide a more general understanding of the conditions in which high-technology entrepreneurs are likely to ﬂourish. As a means of examining the same questions from a diﬀerent perspective, the study also assesses the performance of science and technology parks, evaluating both the Asian and the Australian experience. There was a widespread view during the 1990s that technological entrepreneurship in Asia had lagged behind Europe and the United States, as opposed to the more traditional areas in which Asian family businesses have excelled, such as property development, retailing and trade, despite considerable eﬀort and urging by governments in the region. A working hypothesis of this chapter is that lack of technopreneurship in most parts of Asia can be attributed to the widespread absence of Strategic Management perspectives, attitudes and skills, especially in the performance of leadership roles. This is largely due to social and cultural factors, rather than to more speciﬁc infrastructural weaknesses such as the lack of technological know-how, technology transfer facilities or support systems for training and encouraging...
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