Cluster-Based MSE Development: The Role of Kaizen Training

Tetsushi Sonobe, Keijiro Otsuka

Abstract


It has been increasingly recognized that entrepreneurship
holds the key to industrial development in developing countries [World
Bank (2012)]. Indeed, a significant number of studies find that
productivity and profitability vary greatly across enterprises even in
the same industry in the same country, and that a large part of the
variation can be accounted for by the difference in management
practices1Identifying and supporting high-potential entrepreneurs may be
the key to the success of industrial development. Entrepreneurship is
the capacity to introduce new ideas into practice and to manage
enterprise operations efficiently. Innovation here does not necessarily
mean scientific discovery or engineering invention but the Schumpeterian
creation of a new combination of production resources and new ideas to
increase profits. In the context of developing economies, innovation
includes borrowing technology or learning from abroad. The first
introduction of products and production processes from developed
countries into a developing country and the first adoption of management
practices that may be common in developed countries but are novel in
developing countries are considered to be innovations.

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DOI: https://doi.org/10.30541/v54i4I-IIpp.609-626

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