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This original selection of case studies from eight new EU member countries looks at the ability of entrepreneurs to develop innovative and successful firms in an environment of turbulent social and economic change. The Cutting Edge focuses on the innovative potential that these transition country environments provide and how entrepreneurs have been able to convert these possibilities into successful businesses. The contributors highlight specific aspects of the interplay between the institutional setting and the environment. They also elucidate the individual characteristics of the entrepreneur that create an enabling context for innovative behaviour to develop and grow, drawing attention to the opportunities and constraints offered in each environment. This book provides invaluable insights for academics and researchers of entrepreneurship as well as undergraduate and postgraduate students of international business and entrepreneurship. It will also provide a stimulating and important read for people conducting business in Europe.