Enterpreneurship development, transition economy and human resources

Abstract

As a proven factor of growth and prosperity, entrepreneurship is irreplaceable in economies at different levels and degrees of development. The hallmark of entrepreneurship is doing business in conditions of rapid change, uncertainty and risk, which requires new approaches to business, new business orientations and new strategies. In these conditions the best results are achieved if entrepreneurs and businesses foster entrepreneurial management.

Developed economies at the beginning of this century entered into a phase of constant changes. From the century of information technology they entered into a century of knowledge, and the global knowledge-based economy as the leading and irreplaceable factor of development. Developing countries and developed economies are now in a continuous transition period. Entrepreneurship is a factor that can significantly accelerate growth and mitigate the effects of changes in economic structures through self-employment and job creation. Being an engine of development, entrepreneurship is interesting for all economies undergoing transition processes.

Entrepreneurship is a feature of both developed and market economies, and it achieves the best results in such a business climate and environment. However, entrepreneurship reaches its full reaffirmation in countries returning to an open market economy.