Innovation and Entrepreneurship Powerful Tools for a Modern Knowledg

In this book, Hanadi Mubarak, Ali Husain and Michael promote the concept of innovation incubators from a business-management perspective. The book provides a comprehensive roadmap for the development of new economies based on technology, as well as value

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Hanadi Mubarak Al-Mubaraki Ali Husain Muhammad Michael Busler

Innovation and Entrepreneurship Powerful Tools for a Modern Knowledge-Based Economy

SpringerBriefs in Business

More information about this series at http://www.springer.com/series/8860

Hanadi Mubarak Al-Mubaraki Ali Husain Muhammad · Michael Busler

Innovation and Entrepreneurship Powerful Tools for a Modern Knowledge-Based Economy

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Hanadi Mubarak Al-Mubaraki College of Engineering Kuwait University Kuwait Kuwait

Michael Busler Richard Stockton College Galloway, NJ USA

Ali Husain Muhammad College of Business Administration Kuwait University Kuwait Kuwait

Translated by Arch Tait

ISSN  2191-5482 ISSN  2191-5490  (electronic) SpringerBriefs in Business ISBN 978-3-319-13682-0 ISBN 978-3-319-13683-7  (eBook) DOI 10.1007/978-3-319-13683-7 Library of Congress Control Number: 2014955794 Springer Cham Heidelberg New York Dordrecht London © The Author(s) 2015 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper Springer International Publishing AG Switzerland is part of Springer Science+Business Media (www.springer.com)

Preface

Today there is a broad recognition that entrepreneurial, knowledge-based enterprises are prime creators of economic growth and that such ventures need unique business development services. Innovation is a powerful engine for expansion and for addressing societal and global challenges. Innovation drives economic growth and job creation and is important not only for high-tech sectors but for all economic sectors. While economists and policymakers worldwide have recognized the importance of technological innovation for growth, the relationship between innovation and entrepreneurship has been appreciated only recently, specifically with regard to the important role entrepreneurs play in fomenting innovation. The objective of this research is threefold: (1) to identify the impact of innovation, incubators, and entrepreneurship in economic development from different