The transition to New Economy and knowledge-based economy in the 1990s and early 21st century created an atmosphere that entrepreneurs and SMEs became crucial engines of economic growth. It was conjectured that such trends were brought about various changes in global business environment. These changes include technological changes, increased globalization, employment flexibility, consumer dive...

Having a full understanding of the world’s social-economic situation is the success key for industries automotive manufacturing industry is an extremely competitive one usually there is no clear guideline among automotive companies about technological causes behind their success and failure. This research provides an investigation about the world’s economic situation and the environ...

Among the outstanding technology startups of international level, there are often companies created by Russian founders: Telegram, Revolut, Miro and many others. The authors wondered how founded Russians were distributed around world stayed in country. This led to a few related issues. In which jurisdictions tech with origin more comfortable exist why, where it is probable attract higher invest...

We propose a model in which economic relations and institutions in advanced and less developed economies differ as these societies have access to different amounts of information. This lack of information makes it hard to give the right incentives to managers and entrepreneurs. We argue that differences in the amount of information arise because of the differences in the scale of activities in ...

We propose a model in which economic relations and institutions in advanced and less developed economies di er as these societies have access to di erent amounts of information. This lack of information makes it hard to give the right incentives to managers and entrepreneurs. We argue that di erences in the amount of information arise because of the di erences in the scale of activities in rich...

Article history: Received 1 August 2014 Accepted 1 August 2014 Available online 28 August 2014 Against the background of demographic change, gray entrepreneurship has become more prevalent.When gray entrepreneurs chose to leave paid employment to become self-employed, it is of concern for companies whomay lose highly capable older employees. One of the reasons for this can be a failure to under...

Undoubtedly, the commercialization of the Internet will also have an influence on the Internet culture. First, traditional businesses will increasingly want a presence on the Internet, in the form of electronic storefronts. Second, there's a new breed of cyber-entrepreneurs exploiting new niches. We do not belong to the group of people who deplores this development. We believe business is a leg...

Although researchers in such diverse fields as economics and organizational sociology have explored firm exit, little research has explored entrepreneurial exit–the decision by the majority-owner founders of privately-held firms to harvest their profits and remove themselves from the primary ownership and decision-making structure of the firm. Yet, all entrepreneurs in one way or another will l...

Economic profit is produced by entrepreneurs, those special individuals able to detect and seize as yet unexploited market opportunities. In general capitalist firms manage to deliver positive profits even in the most competitive environments. They can do so thanks to internal entrepreneurs, a subset of their employees able to drive change and develop innovation in the workplace. This paper arg...

Startups and established firms in service sectors mostly fall into the supplier dominated or information intensive categories of Pavitt’s taxonomy. Entrepreneurs these are not isolated from technological environment because they can also be innovative (at least) by adopting technologies outside. However, it has hardly been studied whether entrepreneurial intention pre-entrepreneurs influenced h...