Еntrepreneurship sector will be very important factor in future economic growth due to its ability to adapt to changing business conditions in terms of globalization. Entrepreneurship is often called the driving force of the economy, while entrepreneurs are agents of change that provide innovative ideas for companies. Small and medium enterprises are a key source of dynamism, innovation and flexibility, both in developed and in developing countries. Entrepreneurial framework describes the key components of entrepreneurship: entrepreneurs/team of entrepreneurs, entrepreneurial process, creation of new values and environment. An entrepreneur or team of entrepreneurs should recognize business opportunities, collect the necessary resources, and develop an appropriate business strategy with aim to create new value. The paper suggests that entrepreneurship creates entrepreneurship and entrepreneurial activity is the best incentive for further entrepreneurial activity. In order to gain a better insight into the operations of small and medium enterprises, the paper points to the advantages and disadvantages of starting a business through this form of entrepreneurial activity. Smaller enterprises achieve success in industries where flexibility and inovation are of great importance, while they are less successful in industries where resources and resource management are crucial. The advantages of small and medium enteprises are: independence, self-actualization, profit-making, market flexibility, more efficient use of available resources, and innovation. Nevertheless, the paper analyzes potential disadvantages: lack of knowledge and expertise of smal and medium enterprises, lack of managerial skills, risk of closing down the company, long working hours and hard work, uncertainty of income, high level of stress and total responsibility. The reasons for starting a business through small and medium enterprises can be analyzed as: push and pull motives. Pull motives exist when individuals are motivated by specific ideas they want to implement when starting a business. Pull motives include: desire for independence, desire to use the identified market opportunity, turning hobbies or previous work experience into business and financial incentives. On the other hand, a large number of individuals decide to establish a new company out of necessity, due to the push motives such as dismissal, job insecurity, disagreement with the previous employer, etc. Based on the advantages and disadvantages of small and medium enteprises and reasons and motives for starting the business, the paper points to the importance of SMEs in modern economy.

The subject of this paper is an analysis of advantages and disadvantages of international investments - foreign direct investment (FDI) with a brief overview of the Republic of Serbia and its level and structure of FDI. Foreign direct investment is an important factor in development, especially in developing countries and countries in transition. Countries in transition, which includes Serbia and all Western Balkan countries feel a lack of capital, so it is important for them to fill the gap with foreign direct investment. For countries with current account deficits, FDI is used to increase exports and alleviate current account deficit problems. Based on experience and theoretical consideration, the paper points out the necessity of changes in our business environment, in order for Serbia to use foreign direct investments (with all its negative characteristics) which can and must give a special contribution and impetus to its economic growth.

The paper deals with the practical application of management and commercialization in sports. It also examines the forms of endangering internal security, prevention of violence and misbehavior at sporting events and the security of the state and society. Management as a dynamic discipline represents leadership in each organization. It implies optimal use of resources, organizing the processes and activities of subordinates, delegating tasks and responsibilities, coordination of all resources through planning, organization, management and control. Management in sport, or in a sport organization is in the function of transferring ideas to the ultimate goal. In this regard, it can be said that application of management in sport is a successful pursuit of the idea to the realization of the goal. Management of each organization, including management in sports, gives special attention to security as the basic condition of survival and prosperity. Different organizations have different security challenges, risks and threats, so the risks that the state as an organization exhibits differ greatly from the challenges that business entitles are exposed to, including sports and sports organizations. Challenges, risks and threats that an organization is exposed to, especially in sport, as well as the responsibilities of an organization towards the environment in terms of safety, have a decisive influence on management in sport, that is, to the manner in which the decisions regarding security and protection of persons, property and business will be made.

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The emergence of labor absenteeism is extremely complex, which is supported by the fact that from today's perspective, it has resulted in a large number of organizational phenomena that are studied in detail. The sociological aspect of absenteeism as a primarily social phenomenon needs to be analyzed from the social aspect so it is studied through sociological, psychological and socio-economic factors, demographic characteristics, work socialization and health status, interacting with the working environment and the environment, which are interconnected and mutually conditioned. Numerous factors influencing work absenteeism can be grouped and defined as characteristics of work and work situation, individual characteristics and characteristics of out of work situation. Knowledge, monitoring and understanding of these factors, i.e. those organizational moments that are recognized as social causes of the emergence and development of absenteeism in the organization is of immeasurable importance, which is the focus of this paper.