ABSTRACT
This conclusion presents some closing thoughts on the concepts covered in the preceding chapters of this book. The book traces two significant interrelationships between entrepreneurship, innovation and business clustering; that is, that innovation and entrepreneurship are intertwined concepts affecting small and medium-sized enterprises (SMEs) competitiveness and that business networks appear to be associated with the innovative capabilities of SMEs and their competitiveness. Max Weber recognizes the entrepreneur as a main actor of capitalism and defines them as a moving spirit oriented towards market opportunities. This is in line with Joseph Schumpeter's arguments that the entrepreneur is a dynamic person or organization seeking new combinations and market opportunities where others fail to see them. The two-dimensional model attempts to provide answers as to how the concepts of innovation and business networks/clusters and their interrelationships affect SMEs performance, competitiveness and growth.
