A Methodology for Formulation of National Entrepreneurship Policy: A Conceptual Framework

According to some authors, based on market failure theory, “promoting entrepreneurship” can be a central focus of government intervention. Government intervention is exerted in terms of a package as “Policy”. In the national policy making process (including problem diagnosis, agenda setting, formulation, implementation, evaluation, change and termination), the formulation stage (finding policy alternatives) is very important, because it has affected other stages. The purpose of this paper is to develop a methodology for entrepreneurship policy. This methodology is based on a heuristic-analytic style and existing knowledge in combination with the author’s contribution to the formulation stage.