Implications for practice, education and policy

Abstract

This chapter uses the research findings on the geography of entrepreneurial psychology to discuss implications for entrepreneurial practice, education and policy. It discusses how macro-psychological perspectives can enrich our understanding of successful entrepreneurship as real-world behavior embedded in context and space. Further implications for education are discussed, focusing on the role of relatively hard-wired psychological characteristics and their regional distribution. The chapter concludes with a discussion of concrete policy implications. Designing effective initiatives for the development of a local “entrepreneurial culture” has become a major policy target around the globe. The chapter discusses various perspective, including a potential change in local mentalities and region-specific policies that integrate the existing local culture.