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SMEs in France: New Perspectives and New Generation of Small-Business Owners

In: Change in SMEs

Author

Listed:
  • Alain Fayolle
  • Salma Fattoum

Abstract

When starting up a business, three different approaches are possible: reproduction, imitation, and innovation (Bruyat 1993). From the reproduction perspective, individuals wish to continue doing what they did in their previous employment but work for themselves. Individuals who start up businesses based on imitation follow a well-established pattern but do not always have the required skills or resources. Finally, innovative start-ups rely on the introduction of new products, services, technologies or practices that break away from existing ones. Innovation usually entails a great deal of uncertainty due to the inherent novelty.

Suggested Citation

  • Alain Fayolle & Salma Fattoum, 2008. "SMEs in France: New Perspectives and New Generation of Small-Business Owners," Palgrave Macmillan Books, in: Katharina Bluhm & Rudi Schmidt (ed.), Change in SMEs, chapter 6, pages 99-117, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-22778-1_6
    DOI: 10.1057/9780230227781_6
    as

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