Expert assessmen of entrepreneurial activity development: a case study

Abstract

This article is devoted to the problem of stimulating the entrepreneurial activity of the population, contributing to the development of the country's economy through new goods and services formation, as well as the development of new industries and markets. The paper presents the results of a study of the business environment of the Republic of Kazakhstan based on expert opinions, namely the factors that can have a stimulating or deterrent effect on the development of the population's entrepreneurial activity. The authors of the article analyzed the structural conditions and indicators of the country's entrepreneurship in the context of the Global Entrepreneurship Monitor's rating. In order to increase the practical orientation of the research, the goal of this article was to integrate theoretically the most significant business development factors in Kazakhstan and determine the level of entrepreneurial activity. A survey of entrepreneurs and specialists whose activities are related to the formation of business conditions was conducted to achieve the set goal.

On the interplay between the entrepreneurs' challenges and the business performance: empirical study and evidence from emerging economies

“…The most important is the lack of financial resources (Belwal et al, 2014;Cavada et al, 2018;Choto et al, 2014;Cristina et al, 2018;Karadzic et al, 2015;Rivetti and Migliaccio, 2015) that is bank loans are rarely provided and constrained by bureaucratic and other barriers. Other important financial challenges are the lack of financial support from the government (Dhewanto et al, 2020;Tleuberdinova et al, 2019), limited profit and limited growth in sales and revenue. Such challenges can inhibit many individuals from taking advantage of the opportunities they see in the market, preventing them from becoming entrepreneurs (Rivetti and Migliaccio, 2015).…”

“…Ceptureanu and Ceptureanu (2015) and Wagdi and Hasaneen (2019) found that the most significant challenges entrepreneurs face are governmental challenges. Governmental challenges include bureaucracy (the restricted rules, regulations and procedures to open and operate your business), high taxation (Rivetti and Migliaccio, 2015;Tleuberdinova et al, 2019), corruption (Rivetti and Migliaccio, 2015;Areiqat et al, 2019), poor government policies (Areiqat et al, 2019), lack of legislative support (Wagdi and Hasaneen, 2019), unstable regulations (Rivetti and Migliaccio, 2015), poor legal environment and lack of tax incentives (Wagdi and Hasaneen, 2019), lack of institutional efficiency (Cavada et al, 2018), lack of security (Alon and Shneor, 2017;Islam et al, 2019), negative attitude (Choto et al, 2014). Islam et al (2019) explained that there is an apparent and biased lack of support for female entrepreneurs from the government.…”

“…Educational challenges can be considered a very important issue for entrepreneurs. The lack of education can be attributed sometimes to the deficiency in entrepreneurship training institutions and centers that provide training and teach the needed skills and abilities for becoming an entrepreneur (Tleuberdinova et al, 2019). As well, entrepreneurs are not aware of the procedural processes required to register a business or obtain a loan (Karadzic et al, 2015) or the organizations that support entrepreneurship.…”

“…A growing interest in entrepreneurship research has clearly shown that it can have a nationwide socioeconomic impact. Entrepreneurship reduces unemployment (Tleuberdinova et al, 2019;Ceptureanu and Ceptureanu, 2015;Omer and Aljaaidi, 2020), poverty (Pauceanu, 2016) and leads to economic and social propensity, which boosts society's welfare (Tleuberdinova et al, 2019). That is why many researchers have continuously investigated the potential effects of entrepreneurship at the economic and social levels in countries worldwide.…”

Financial and Non-Financial Aspects of Entrepreneurship - the Polish Perspective

“…Scientists named entrepreneurship "a dictator of economic life" (Bratnicki, 2002), as well as "an engine of economic growth" (Baron & Shane, 2008) or "integral part of economic change and growth" (Parker, 2018). An entrepreneur is mostly considered a person who is doing something innovative, something new, who provides resources for creating new opportunities, but it also means that an entrepreneur (not only as a founder of a business) can explore new markets for existing products, or new ways of doing something more efficiently (Tleuberdinova et al, 2019). Entrepreneurial employees may also be more effective at their work and bring added value to a company.…”