Research on entrepreneurship and innovation developed in LUMS during the early 2000s. Research within this group is distinctive for its focus on historical context and methodological approaches to entrepreneurship and innovation.
A more recent focus is on absorptive capacity and innovation networks, especially in SMEs. The Centre for Family Business is a research hub for faculty and PhD students studying entrepreneurship and innovation in family businesses, with key themes being entrepreneurial learning, social networks and long-term perspectives, intra-family succession and family business goals, and family business performance and governance.
The group has a strong engagement focus which has been recognised in the ESRC Celebrating Impact Awards for Business in 2013.
Another important way in which innovation research is linked to practice is through the Big Innovation Centre, established by The Work Foundation and Lancaster University. The Centre's remit is to make the UK a global open innovation hub. It brings together some of the world’s leading companies, research institutions and policy makers, and is directed by LUMS.
Some themes studied by the group include:
- Enterprise policy and regional development
- Entrepreneurship and family businesses
- Entrepreneurship development in SMEs
- Innovation networks