Abstract
ABSTRACT Employing a theoretical framework to answer the issues faced by SMEs, this article uses new models of humane entrepreneurship, a business model that invests in human capital as the chief source of innovation. While traditional entrepreneurship focuses on innovation achieved through investments in new business opportunities, risk-taking, and proactivity, humane entrepreneurship focuses on how investment in the workforce can achieve enterprise-type innovation. This study aims to demonstrate the validity of people-centric small and medium-sized enterprise policy development by examining the effect on innovation of humane entrepreneurship.
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