Economic Crisis and the Nature of Entrepreneurial and Management Activities

Abstract

The essential research intention in this work is oriented toward considering the nature of entrepreneurial activities regarding to the volume of representation, according to some stages of the entrepreneurial process for defined groups of countries, different development degree in crisis conditions. The analysis of research data has drawn some conclusions, which have largely confirmed hypotheses. Obtained results, after the application of adequate statistical procedures, emphasize the existence of negative correlation, degree of economic development and the rate of economic growth. They are partly explained by the place and causes of analysed crisis circumstances, the degree of integrity of financial and economic systems, as well as the heterogeneous economic structure, as the main resistance to negative economic trends. The defined groups of countries of different development degrees show different differences in all the degrees of the entrepreneurial process. There is a positive correlation between the volume of entrepreneurial activities and the rate of economic growth, but on behalf of the countries of the lower development degree. Crisis conditions in the least developed countries generate an additional pressure on entrepreneurial activities; while the relatively stable environment of highly developed countries enables some individuals to find business possibilities outside the entrepreneurial sector.

Process Optimization: A Beverage Distributor Using Organizational Tools and Modeling Via Petri Nets

“…According to Leković & Marić (2016), entrepreneurship changes in times of crisis, in order to achieve better economic redistribution. This movement can be seen with the implementation of welfare policies, taking emergency aid as an example, to increase the consumption power of the population, thus creating a more favorable environment for the micro-entrepreneur.…”

Factors of success and motivation of rural entrepreneurship in Eastern Serbia

“…There has been put an end to the migratory processes, or has, at least, been made slower the movement of the people who live in the rural areas into towns and cities. In spite of the fact that there has been a lot of research work on the different aspects of entrepreneurship in Serbia (Vukmirović, 2005;Sajfert et al, 2008;Bobera et al, 2014;Bobera et al, 2015;Leković & Marić, 2016), the success factors and motivation that are necessary for the entrepreneurship development in the rural regions and the border regions, have not been sufficiently investigated. Entrepreneurship represents a significant element of the economic development (Schumpeter, 1935).…”

“…The entrepreneurship has thus become the focus of the interest of the authors who do the research on the different phenomena that have related to the rural areas. Labrianidis (2016) has perceived the entrepreneurship as a means for overcoming the barriers of the development of the rural and peripheral districts in Europe, and, especially, in the conditions of the lengthy economy crisis (Leković & Marić, 2016). Labrianidis has also pointed out what have been the three ways that could help to comprehend the aspects of the rural areas.…”