Factors That Limit the Development of the Digital Entrepreneurial System in the Scale-Up Phase of the Enterprise Life Cycle

Abstract

For the interpretation of digital entrepreneurship, the context in which the entrepreneurial process takes place plays an important role. The context emphasizes that to analyze the entrepreneurial process, it is no longer sufficient to analyze only the entrepreneurial actions, but also the environment in which the entrepreneurial process takes place. The aim of this paper is to analyze the part of the context in which the entrepreneurial process takes place in the Republic of Serbia, Montenegro, Bosnia and Herzegovina and Hungary. Following the methodology of The European Index of Digital Entrepreneurship Systems (EIDES), the paper analyzes the system framework conditions, in the scale-up phase of the enterprise life cycle, in the digital dimension. The aim of this paper is a comparative analysis of three countries in transition with one country belonging to the European Union. After identifying the most developed factors, as well as the most underdeveloped factors, the paper discusses the conditions that influenced the results achieved in the four previously listed countries and why their improvement is important.