"Entrepreneurial Management & Public Policy" tells the unfolding story of the paradigm shift from sovereignty, the public interest, and citizen-based governance and government; towards privatisation, contracts, and customer-based government and business. It analyses the benefits and dysfunctions of substituting market-based efficiency (output over input) policies and decisions for those grounded in the public interest and based on effectiveness (output over standards, eg: safety and security). It also reminds us that constant vigilance has become more significant when vested interests often disappear in this increasingly complex environment where sector blurring has become a common experience. Leading scholars analyse the public and private sector theories, practices, systems, networks, infrastructures and results of privatising public policy over the last few decades. This catalytic shift emerged from the: re-engineering, reinventing, total quality management, deregulation, contracting out, franchising, competition, managerialism, and entrepreneurialism that have impacted governments, budgets, citizens, contractors, governance systems, and public policy so significantly that it has transformed the field. Specific focus is placed on the management, governance, ethics, entrepreneurialism and performance of the following, among others: FEMA and emergency management; the IRS and service quality in the internet economy; the greening of industry through government-supervised, self-regulation; Homeland security and safety from terrorism; market driven academic management; NASA and its management of the space shuttle program; and, ethical entrepreneurial financial management. This second edition helps students of business and public policy to analyse the challenges and opportunities involved in optimally managing the costs and benefits of competitive efficiency with those of more collaborative effectiveness, for the good of citizens and customers in an increasingly market driven and entrepreneurially-oriented public policy environment. This unfolding 21st century reality calls for a new type of visionary and ethical leaders and managers with both public and private sector skills who can embrace both the challenges and the opportunities presented in order to optimally perform in our increasingly complex entrepreneurial public policy environment.