By Veland Ramadani
This booklet represents a finished cutting-edge photograph of entrepreneurship and small company administration concerns within the Balkans quarter. It presents significant theoretical and empirical facts that provides a brighter view of those fields and goals to open up possibilities for better discussion in public coverage. The readers will be in a position to increase their wisdom on small companies and innovation matters within the Balkans. An consequence of an enduring endeavour, this e-book contains contributions of hugely reputed authors and specialists from the Balkans’ nations. good points forewords by way of recognized personalities of this box, Leo Paul Dana and Alain Fayolle.
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Extra info for Entrepreneurship in the Balkans: Diversity, Support and Prospects
The resources of entrepreneurial firms are usually constrained, but the tangible resources such as financing, technology, and logistical systems of entrepreneurial firms are particularly restricted in transition economies (Bruton and Rubanik 2002). The result is that entrepreneurial firms in transition economies need to be more proactive, able to acquire and leverage their intangible resources, and become even more educated than entrepreneurs in developed economies (Knott et al. 2003). There is large number of problems that can occur during development and functioning of SMEs.
Beside mentioned authors, many other have tried to define entrepreneurship and entrepreneurs, as Peter Drucker, David McClelland, Albert Shapero, Karl Vesper, Robert Hisrich, Giford Pinchot, etc. (Hisrich et al. 2008), but without offering something different from those mentioned earlier. From the analysis of the different approaches and efforts to define entrepreneurship, it can be noted they revolve around these key elements: innovation (new opportunities), risk taking (moderate), combination of production factors, creation of a new enterprise, realization of profit, and ensuring business growth.
Numerous comparative studies of entrepreneurs and managers showed that entrepreneurs place a moderately higher emphasis on achievement motivation than do managers (Stewart and Roth 2007; Collins et al. 2004; Begley and Boyd 1987; Ahmed 1985; Lachman 1980). High levels of achievement motivation are consistent with the demands of the entrepreneurial role, which appears to attract individuals who are highly achievement-motivated because of the potential to derive more achievement satisfaction in an entrepreneurial setting, a context that provides the challenge, autonomy, and flexibility for achievement realization (Stewart and Roth 2007).
Entrepreneurship in the Balkans: Diversity, Support and Prospects by Veland Ramadani