Public Entrepreneurship: A Literature Review

Abstract

In many writings the concept of entrepreneurship is frequently associated with the private sector, and with small and medium sized enterprises, and start-ups. However, the public sector also frequently participates in entrepreneurial action, sometimes providing some of the most important services for the economy. Nowadays, the issue of Public Entrepreneurship need to get more attention by researchers, academicians and practitioners, especially in developing countries like Ethiopia. Because it helps to create value for the citizens of a state by bringing together unique combinations of public and/or private resources to exploit social opportunities, and provides many more advantages. At a minimum, public entrepreneurship involves the production, distribution, or innovation of goods/ services for the public. This makes it crucial to the lives of billions of people around the world. For example, entrepreneurial initiatives by public entities include the provision of health care services, water services, emergency services, transportation, and recycling/climate initiatives, among others. The purpose of this review work was to develop a literature review on the mission, key characteristics, types of public entrepreneurship, difference between public and private sector entrepreneurship, and public entrepreneurship strategy to overcome public sector barriers to entrepreneurship and come up with pertinent points. So, to carry on this review work, only 69 articles were chosen based on the inclusion and exclusion criteria of the reviewer.