Fostering Entrepreneurship in a Changing Business Environment

• Main Author: Laurentiu Tachiciu
• Format: Article
• Language: English
• Published: Academy of Economic Studies of Bucharest 2015-02-01
• Series: Amfiteatru Economic
• Subjects: Editorial
• Online Access: http://www.amfiteatrueconomic.ro/ArticolEN.aspx?CodArticol=2367

Entrepreneurship is the cornerstone of a modern competitive economy. Because of the economic and social importance attributed to entrepreneurship, every country has adopted policies aiming to encourage and to support entrepreneurial attitudes and behaviors. Despite the fact that the set of public policy measures is very similar across countries and regions, the outcomes are different. The differences can be observed not only in quantitative terms (i.e. number of newly established ventures), but also in qualitative terms (i.e. proportion of innovative firms, intensity of knowledge and technological level, degree of internationalization etc.). Indeed, entrepreneurship takes different forms ranging from an alternative to employment (self-employed) to creation of innovative, competitive and fast growing enterprises. It is also recognized the corporate entrepreneurship, the social entrepreneurship and even the entrepreneurship in the public sector. Different forms of entrepreneurship have a different impact in terms of general progress. Scholars have shown that context is an important factor explaining the variability of entrepreneurship outcomes, calling for a better understanding of the business environment influence on the intensity and quality of the entrepreneurial activity.