ON THE RELATION BETWEEN ENTREPRENEURSHIP AND QUALITY MANAGEMENT

Abstract

Healthy business ecosystems are necessary for competitive advantage, the major force of the trade economy, and free markets. Business sustainability requires entrepreneurship skills, knowledge, and competencies, as well as standardization of processes, procedures, etc., which relate to quality management patterns. Entrepreneurship can be measured, and so can quality management. Most international, regional, and local business organizations, individual businesses, as well as several researchers, assert that there is a connection between entrepreneurship and quality management, especially with ISO standards. Therefore, it is necessary to research the relations between entrepreneurship and quality management to provide a clear insight into the issue. This study is based on a regression analysis between the Entrepreneurship Index (E Index) and ISO Standards Index to verify Hypothesis H1 (There is not any relation between E Index and ISO Standards Index) against Hypothesis H0 (There is a strong relation between E Index and ISO Standards Index). The results of the research show that entrepreneurship requires scientific management of factors of production, employing skills, knowledge, and competencies, as well as using quality management principles, to achieve a competitive advantage, so, a connection and relations between entrepreneurship and quality management (ISO standards), is indispensable. It can be stated from the conducted research that there is no relation between entrepreneurship and ISO standards yet, even though it is highly needed and should exist to promote sustainable entrepreneurship with no support to all.