While the term “entrepreneurship” is not exclusively a private sector phenomenon, it is usually associated with private sector business activity and more specifically with small to medium enterprises. However, over the last two decades it has appeared in the public administration literature with increasing frequency. The recent research in public sector entrepreneurial activity makes an exploratory comparative analysis of the key components that are applicable from private sector entrepreneurship timely as the topic is emerging as an area of academic inquiry and research. The purpose of this paper is to provide a comparative analysis of private and public sector entrepreneurship using an analytical model from private and public sector entrepreneurship.
A clear understanding of the research issues involved requires an appreciation of the nexus between private sector entrepreneurship and the more limited research field of public sector entrepreneurship. The paper identifies and examines the historical and evolutionary research on entrepreneurship as a basis for analysis of public and private sector entrepreneurship.
The paper provides a comprehensive analysis that highlights key similarities, differences or a combination between public and private sector entrepreneurship and develops an existing model and framework for a systematic approach to the public sector entrepreneurial process.
Based on this exploration, new insights about public sector entrepreneurship are developed, practical implications for public sector entrepreneurs on how to approach public sector entrepreneurship more systematically and effectively are presented and opportunities for further research are identified.
