ASPECTS REGARDING THE CONTRIBUTION OF INNOVATIONS TO THE DEVELOPMENT OF ENTREPRENEURSHIP IN THE EUROPEAN UNION

Daianu Dana Codruta () and Abrudan Denisa
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Daianu Dana Codruta: University Aurel Vlaicu of Arad, Faculty of Economic Sciences
Abrudan Denisa: West University of Timisoara, Faculty of Economics and Business Administration
Authors registered in the RePEc Author Service: Dana-Codruta Duda-Daianu ()

Management Strategies Journal, 2018, vol. 42, issue 4, 40-48

Abstract: The aim of the paper is to deepen the theoretical foundation on entrepreneurship and innovation, as well as to develop practical recommendations on the development of entrepreneurship through innovations. We aimed to identify and argue the role of innovation in entrepreneurship development, underlining the role of innovation as a growth factor and as an element of businesses and SMEs development. In the paper are presented comparative analyzes, findings, advantages and disadvantages of the ways of development and financing of entrepreneurship in the European Union, which should be taken into account for the future policies in this field starting from the regional levels and continuing at the country level. At European Union level, many measures and policies have been adopted to support R&D and innovation, some of which have already been implemented or are being prepared.

Keywords: entrepreneurship; innovation; research and development; entrepreneurial business; competitiveness; European Union (search for similar items in EconPapers)
JEL-codes: L26 O20 O30 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:brc:journl:v:42:y:2018:i:4:p:40-48

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