Abstract
This paper examines the three concepts of learning, knowledge and innovation in the context of the triple relationship of government, industry and higher education, with particular reference to the UK. The authors argue that a consideration of the three concepts enables a proper understanding of entrepreneurship and its role in sustaining competitiveness for the wider economy and value in society. They conclude that entrepreneurship not only provides the spur for economic development but also shows the route forward to managing personal and organizational development in the new economy. It is through entrepreneurship, the authors suggest, that the fundamental requirements of learning, knowledge management and innovation can be effectively addressed.

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