Characteristics of Entrepreneurial Businesses

Claudia Ramona Ciocnitu (Stoiconi) ()
Additional contact information
Claudia Ramona Ciocnitu (Stoiconi): Business Administration, Faculty of Economic Sciences, University of Oradea, Romania

Ovidius University Annals, Economic Sciences Series, 2024, vol. XXIV, issue 1, 408-417

Abstract: This study examines the dynamics of entrepreneurial businesses, focusing on innovation and risk management as catalysts for economic development. Through a survey, we analyzed entrepreneurs' perceptions on creativity, opportunity identification, risk tolerance, management skills, and adaptability. Results indicate a strong recognition of creativity and innovation, with a majority considering their businesses highly innovative. Most respondents are confident in recognizing and seizing opportunities, though some acknowledge the need for improvement. Attitudes towards risk vary, with a segment willing to embrace significant risks for potential rewards. Generally, management skills are rated positively, but some see room for growth. The study highlights entrepreneurs' capability to navigate complex business landscapes, emphasizing the importance of entrepreneurial traits in promoting economic vitality.

Keywords: creativity; innovation; risk-taking; management skills; entrepreneurship (search for similar items in EconPapers)
JEL-codes: J24 L26 L53 M13 O31 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://stec.univ-ovidius.ro/html/anale/RO/2024i1/Section%204/6.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xxiv:y:2024:i:1:p:408-417

Access Statistics for this article

Ovidius University Annals, Economic Sciences Series is currently edited by Spatariu Cerasela

More articles in Ovidius University Annals, Economic Sciences Series from Ovidius University of Constantza, Faculty of Economic Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Gheorghiu Gabriela ().