Entrepreneurial Innovation Research Articles

Розроблення дорожньої карти співпраці молодих учених і бізнесу в контексті формування екосистеми інноваційного підприємництва

Roadmap development is an important strategic planning tool. The article develops and proposes a roadmap for cooperation between young scientists and business in the context of forming an ecosystem of innovative entrepreneurship. The analysis shows that innovative entrepreneurship in Ukraine is developing at a slow pace, cooperation between young scientists and business is low. In the proposed road map, the data of the conducted sociological survey on the cooperation of young scientists and business are considered, and the modified coefficient of the development of innovative entrepreneurship is given. A roadmap consists of three stages, such as research preparation, roadmap development, and roadmap implementation. Each stage has structural elements that are specific steps in solving the problem. At the first stage, an analysis of data from a sociological survey on cooperation between young scientists and business was carried out, a modified coefficient of development of innovative entrepreneurship was given, a list of interested stakeholders was formed, a unified project management was determined, the setting of the project's goals was outlined, and the time required for its implementation was estimated. Sources of funding for the project were identified. At the second stage of the development of the road map, a plan of measures aimed at the realization of the set goals in the future was proposed, the key executors of the project and the necessary resource support were determined. The conditions of the normative and legal regulation of the project, the terms of implementation for each specific measure, the mechanism of action regarding the management and prevention of project risks are given. At the third stage, proposals for examination and approval of the road map, a plan for the implementation of the road map based on the evaluation of key indicators, and control over the implementation of the road map are defined. The conclusions state that the implementation of the developed road map project will promote effective cooperation between young scientists and business, which will positively affect the development of innovative entrepreneurship and the formation of its ecosystem.

Adaptation of successful world practices for increasing the innovative potential of Kazakhstan business structures

The article examines the foreign experience of the formation and development of the innovative potential of entrepreneurial structures. The purpose of this study is to develop new recommendations for the formation, development and stimulation of the innovative potential of entrepreneurial structures in Kazakhstan based on the analysis of foreign experience. Given the rather rich world experience in the formation and development of the innovative potential of entrepreneurial structures, many economists believe that if we implement successful world experience and take into account the mistakes of other countries, we can accelerate the process of forming an innovative economy. In the article, the authors highlighted the experience of countries such as the USA, Japan and the EU countries, since these countries are the base of modernization, it is there that the centers of advanced technologies are located. The study showed that the decisive role in the formation and development of innovative entrepreneurship is played by the state, which, on the one hand, establishes the rules for the functioning of the national innovation system, on the other hand, provides a resource component, including financing. Therefore, in Western countries, special attention is paid to issues of state support for innovative entrepreneurship. The article also discusses the practices of creating industry development (growth) centers that provide comprehensive scientific, technical, financial, production, and information support for the innovation activities of business structures, creating a single operator for the development of innovations by merging development institutions, creating an information retrieval specialized independent platform for advanced technologies and innovative developments, the so-called Innovation Observatory. This study made it possible to develop a number of recommendations that are most adaptive to Kazakhstan to stimulate the innovative activity of business structures.

Human capital formation networks in the COVID-19 era

The health and economic crisis forced the educational sectors to be more entrepreneurial and innovative in order to reactivate teaching and learning. the target of the study was to specify a model, considering a review of the literature from 1997 to 2022, as well as the search by keywords. A retrospective and systematic documentary review was carried out with a sample of 25 findings regarding the relationships between intellectual capital and innovative entrepreneurship. A neural network model was established in which the centrality and grouping parameters explained the influence of the Scopus indexer over the other remaining ones. the prevail of the indexer is discussed in terms of knowledge networks

The influence of online entrepreneurial education on entrepreneurial success: An empirical study in Pakistan

The study aims to provide insight into how online entrepreneurial education, attitude, and mindset enhance the professional growth, innovation, and success of entrepreneurs in Pakistan. Data were collected through a self-administered questionnaire and 235 responses were analysed using the partial least squares structural equation modeling (PLS-SEM). Resultantly, online entrepreneurial education has a positive impact on the development of an entrepreneurial mindset. Entrepreneurial attitude influences the entrepreneurial mindset, which enhances professional growth. Moreover, innovation among entrepreneurs is as necessary as mindset and education. The findings revealed that professional growth formed innovation for entrepreneurial success. The study further broadens the scope of knowledge of entrepreneurs by adding predictors, such as professional growth, innovation, and entrepreneurs’ success, and is advanced due to the usage of innovative techniques for professional growth to promote career success.

Impact of Innovativeness Dimension of Entrepreneurial Marketing on the Financial Performance of Small and Medium Scale Enterprises in Nigeria

This paper interrogates the impact of innovativeness dimension of entrepreneurial marketing on the performance of small and medium scale enterprises in Nigeria. It showed that effective and efficient entrepreneurial marketing especially innovativeness would go a long way to improve on the overall performance of the small and medium scale enterprise. The meaning of this is that any enterprise (be it small or medium) that effectively invest in product innovation, process innovation, marketing innovation, value innovation, technological innovation among others would grow its market share, sales, turnover, return on investment and more importantly its profitability. More so, innovativeness which enhances the satisfaction of consumers who are referred to as "sovereign" in a free enterprise economy by making varieties of new products available for them facilitates growth and development of the business. It also gives enterprises competitive advantage in the business environment as it increases the gamut of their operation through diversification and quality service delivery. Recommendations made were that: the managers of SMEs should review their strategy for product innovation in relation to the sales growth, turnover, market shares, profitability and return on investment in order to keep their businesses afloat and competitive; the managers are advised to put more emphasis on process innovation in order to develop a more improved strategy that would improve on their performance in the business environment; it is expedient for managers of SMEs to train all employees on entrepreneurial innovativeness especially on strategies for marketing innovation to boost financial and non-financial performance; value innovation needs to be encouraged as it seeks novel ways to create value for customers and fulfill organizational business goals.

PENINGKATAN KUALITAS KEHIDUPAN MASYARAKAT DESA TEGALJATI BERBASIS KKN TEMATIK POSDAYA MASJID

This article aims to provide an overview regarding improving the quality of life of the people of Tegaljati Village in KKN activities with the theme POSDAYA Mosque. Where Posdaya aims to help empower families and communities through religious and social development. This activity uses the ABCD approach with operational definitions of mapping and analysis related to Problem Based Approach, Need Based Approach, Right Based Approach, Asset Based Approach. the result is that there are three focus activities namely the development of the creative economy, religious development, education improvement, and fostering the younger generation. In the field of creative economic development that is being carried out by d is entrepreneurial innovation from aquatic plants, namely Arnong. The field of religious development carried out by the team is an increase in religious activities. One of the forms is the revitalization of mosque activities such as the congregational prayer movement, revitalizing the mosque with religious activities, as well as deliberations to improve the quality of life for the people of Tegaljati. The field of education that is being carried out is learning assistance for PAUD, MI, MTs, and MA students. The area of ​​coaching the younger generation that is being carried out is the re-establishment of the Remas.

Італійське «економічне диво»: успішний досвід управління повоєнним відновленням

The research is based on the historical experience of rebuilding Italy’s economy, destroyed as a result of World War II. The purpose of the article is historical and economic assessment of the process of restoration of the Italian economy in the post-war period for extrapolation of this experience in the revival of the economy of Ukraine at the present stage. The study results in analysis of the main reforms, highlighting the peculiarities of the Italian government’s economic policy and revealing the consequences of internal and external efforts in economic recovery, as well as substantiation of prospects of the use of this historical experience in modern Ukraine. The article analyzes the specifics of the post-war revival of the Italian economy by the government of Christian Democrats, who introduced a policy of strict regulation of the monetary system, state intervention in industrial policy, promoted the development of innovative entrepreneurship, creation of high-tech industries. It was proved that the agrarian reform, which laid the foundations for the formation of efficient farm production, helped market reorientation of agriculture in general. Italian experience of leveling regional imbalances in economic development for national integrity and unity is useful for Ukraine. The correlation of external patronage influence and internal efforts in the rapid rise of the Italian economy, which was called «economic miracle», was revealed. It is justified to use the strategy of economic development of the post-war Italy in preparing programs of economic reconstruction of Ukraine destroyed by the aggressive war of Putin's russia.

Multi-level agency and transformative capacity for environmental risk reduction in the Norwegian salmon farming industry

This article analyzes the role of agency in reducing environmental risk in the Norwegian salmon farming industry. The theoretical starting point is recent literature on change agency which focuses on the different ways in which actors purposely act to renew existing and create new regional industry growth paths, and reproductive agency which focuses on how actors, explicitly and implicitly, maintain existing structures to uphold status quo. Departing from a current risk society ambiguity in the industry and an explorative multi-scalar study of industrial innovation processes, we analysis how change agency combined with reproductive agency play out. The analysis shows that change agency affecting transformative agency capacity reducing environmental risk is connected to institutional entrepreneurship in terms of a Development Licenses Program on the national level and to Schumpeterian innovative entrepreneurship in terms of Development Licenses Projects on firm level. Moreover, the study shows how reproductive agency also affects the capacity to cope with environmental risks in terms of risk reducing place-based leadership illustrated by cooperation and bottom-up, self-organized area cooperation on the regional level, and in terms of risk creation illustrated by a global growth logic across geographical levels. On this ground, it is argued that the theoretical contribution of the study is that the transformative capacity to reduce environmental risks of an industry rests on multi-scalar change- and reproductive agency and how these are combined.

The profile of the innovative entrepreneur in Mexico

The profile of the innovative entrepreneur in Mexico

Innovation ecosystem as factor of providing progressive structural changes in the economy

The article reveals issues of building the innovative ecosystem institutions problem in context of the growing role of research Universities in ensuring innovative structural changes in the economy of Ukraine. International comparisons of the actual state of effectiveness and development potential of Ukraine’s innovation ecosystem have shown that it lags behind almost all indicators of the European Innovation Scoreboard. It is a confirmed necessity to form in Ukraine a state innovation policy based on criteria of the European Innovation Scoreboard with the goal of improving all its indicators, which comprehensively reflect the state of the national innovation ecosystem.It has been focused on the formation of the central link of the innovation ecosystem – the entrepreneurial innovation University as a progressive structural change’s generator in the economy. The justified urgency of increasing the state support for the priority development of research, design and development, and educational institutions that are part of national and regional innovation ecosystems. It is necessary to radically increase the volume and change structure of the state funding of institutions in the field of research and development, as well as innovation activity, reducing the share of the state funding of individual projects and individual grants, which should be financed mainly by business structures.It is shown that the main practical problem in determining the place and role of research Universities and other scientific and educational institutions in the structural innovation transformation of the economy of Ukraine is insufficient attention to formation and implementation of the practical function of basic innovations as the main factor of economic growth. It is suggested under formation of the Ukrainian state innovation policy, a separate priority area related to the creation of higher education institutions (Universities) of new generation as innovative entrepreneurial Universities should be identified, while it is important to develop Universities and scientific centres that demonstrate the presence of cumulative human capital, despite their temporary state of crisis.
 JEL classіfіcatіon: I23, I25, L52, O38, P52

Formation of Entrepreneurial Skills and Protection of Intellectual Property

Entrepreneurial skills are defined as the ability to act on opportunities and ideas, to create socioeconomic value for customers and make a profit. Entrepreneurial skills training can be done in any situation: from school curriculum to workplace innovation, from community initiatives to applied learning within universities. Being creative or innovative is a relevant skill for business planning and management. Innovation determines the creation of intellectual property objects, and innovative entrepreneurs must know how to identify intellectual property objects, determine the limits of rights, correctly apply the principles underlying the protection of IP rights, showing a negative attitude towards counterfeiting and piracy actions.

Кластеры как формат инновационного развития региональной экономики в условиях санкций

In this article the authors analyze the issues of innovative development of the regional economy that are important and relevant for today’s realities in a dynamically changing external environment and sanctions policy. The main attention is paid to the processes and factors of clustering, as well as improvement of interaction efficiency between universities and enterprises, taking into account the digitalization of the economy. The purpose of the study in this paper is to analyze the factors of innovative development of regions with the help of a cluster-type technological infrastructure. The characteristics of the effective functioning of clusters are studied, which can provide an increase in the efficiency of the processes of interaction between entrepreneurs and universities. The authors also analyzed potential ways of digital technologies use to strengthen the integration between technological entrepreneurship and educational organizations, primarily the leading regional universities. In accordance with the goal, the article details the following research objectives: characterization of the features of innovative development of regional economy under sanctions; analysis of competitive advantages arising from the use of digital economy methods; analysis of the clusters functioning and the impact of innovative entrepreneurship; grouping criteria that determine the degree of efficiency of integration of enterprises and universities. The research methodology is based on the application of the principles of a systematic approach, scientific comparison, retrospective and prospective analysis. In the context of the sanctions policy and within import substitution in the economy, the appearance of national innovation system of the Russian Federation and further development of domestic scientific and technical potential, the effective commercialization of the results and achievements of research and development determine the prerequisite for the growth of the efficiency of innovative activities of entrepreneurship and, first of all, its active and direct participants – small and medium innovation-oriented enterprises. The characteristic of the industry is also presented and on its basis an analysis of the competitive advantages of Volgograd region was carried out. Further, the article discusses the features of the role of innovative potential of enterprises in the interaction between universities and entrepreneurship, identifying the main criteria for the effectiveness of the integration of universities and enterprises.

CREATIVE INDUSTRIES AS A MECHANISM OF CREATIVE ECONOMY AND STRATEGIC COMMUNICATIONS

In a period of crisis – namely, a pandemic and martial law – the economy is transforming into a system where the main driving forces are the exchange of knowledge, its mutual evaluation, where creativity and creative industries play a significant role, which ultimately form the creative economy, which economist and sociologist Richard Florida called "the new economic era of the 21st century". The purpose of the scientific work is to analyze the tools of Ukrainian creative industries that contribute to the production of a new cultural product or service, have a semantic load, are a resource for strategic communications and increase the potential of the creative economy in martial law (on the examples of successful Ukrainian cases of creative industries in the crisis period). The methodology of the study is based on a combination of systemic and value-based approaches, as well as discourse analysis, which together contribute to the disclosure of structural relationships in the ecosystem of the creative economy (in particular, social capital, entrepreneurial culture, state and international support, innovation potential, reputational capital of Ukraine in the world), their correlations with the peculiarities of national political and economic development and global trends, in particular in times of crisis, such as pandemic and wartime. The scientific work traces the genesis of the formation of a conceptual understanding of the creative economy and creative industries in the Ukrainian dimension, which contains legislative (Order of the Cabinet of Ministers of Ukraine No. 265-r "On Approval of Economic Activities Related to Creative Industries", the Law of Ukraine "On Amendments to the Tax Code of Ukraine and Other Laws of Ukraine on State Support of Culture, Small Business and Creative Industries in Connection with the Implementation of Measures Aimed at Preventing the Occurrence and Spread of Coronavirus Disease (COVID-19)", etc.), terminology (the meaning of the concepts of "creative product", "creative industries", "project", "institutional support grant", etc. was clarified), social and institutional (creation of the Public Union "Center for the Development of the Creative Economy", the National Bureau of the EU program "Creative Europe" in Ukraine, the Startup Fund, the Ukrainian Cultural Foundation (UCF), etc. Special attention in the scientific work is paid to the anonymous online survey of the UCF together with the Ministry of Culture and Information Policy of Ukraine of creative entrepreneurs and creative professionals, which was conducted among UCF 2020-2022 applicants on the state of culture and creative industries during the war (June 2022) in order to form a recovery and strengthening plan, which identified the following needs: transparent competition for managerial positions, restructuring of the management vertical of the industry, international educational trainings and exchange programs for artists and managers of the creative sector; co-production and cooperation in international projects; emphasis on cultural factors in the state international policy; strategy of state support, minimization of document circulation. The analysis of successful Ukrainian cases of creative industries allowed to outline the tools for the development of the creative economy in the crisis period: monetization of hobbies, innovative entrepreneurship, business clustering (in particular, the idea of a cluster of creative industries), brand collaboration, craft production, creation of cultural products such as books, grant/fund support and others, on the terms of donation to support the humanitarian and military needs of Ukrainian society. And the recently created podcast "Frontline of Creative Industries" about the success stories of representatives of this industry, who with their projects resist Russian aggression and support the economy and the institution of national identification of Ukraine, opens up prospects for further analysis of such tools as crowdfunding, revitalization, development of creative clusters of Ukrainian business.

Innovative potential and development of Ukrainian small enterpris-es during the war (2022-2023)

The purpose of the article is to study the development of entrepreneurship in Ukraine during the war, taking into ac-count the need to implement innovative solutions. This necessity is caused by the uncertain environment of the full-scale military aggression of the Russian Federation against Ukraine, from the terrorist acts of which civilian infrastructure and civilians suffer. The uncertainty of the environment in the conditions of hostilities makes it impossible to plan the long-term and medium-term development of entrepreneurship. That is why the article considers the essence and struc-ture of entrepreneurial innovations for the effective organization of activities in the conditions of hostilities. For the development of innovative entrepreneurial activity in Ukraine, according to the authors of the article, special investment conditions should be created. This issue takes on particular importance in 2022-2023, when the country's economy has shifted to a war footing. The article states that small business should become the main engine of wartime and post-war period. Studying the experience of developed countries, analyzing the structure of their economies, the authors pro-pose to create special business conditions for the development of small and micro entrepreneurship.

Retracted: Exploring the Fuzzy Integrated Assessment of College Students’ Education for Innovative Entrepreneurship under the Background of Internet+

Retracted: Exploring the Fuzzy Integrated Assessment of College Students’ Education for Innovative Entrepreneurship under the Background of Internet+

Modeling the influence of startup ecosystem components: Entrepreneurial aspect

Defining the basis for the development of a country’s start-up ecosystems as the basis for activating entrepreneurship is an urgent task of restoring the country’s economy. The purpose of this study is to identify ways to improve the country’s start-up ecosystem based on the construction of economic and mathematical models for activating business activities. The research methodology is based on statistical research methods, namely dynamics analysis; to assess the strength of the influence of each component of the start-up ecosystem on the change in position in the rating, regression correlation analysis was chosen, which allows identifying the strength of the influence of factors on the final indicator. The components of the start-up ecosystem were investigated, which means an interactive and interdependent set of institutions whose activities create an environment for the qualitative and quantitative growth of start-ups as subjects of innovative entrepreneurship development. The use of statistical analysis methods for the data of the countries, which were grouped into 5 clusters, allowed determining the absolute changes in the values of the Global Start-up Ecosystem Index rating indicators from Start-up Blink: rating change, quantitative component, qualitative component, business environment, general summary. Based on regression-correlation analysis, economicmathematical models were built, which describe the influence of the components of the country’s ecosystem on the change in the rating positions in the section of four clusters, demonstrating: a strong connection between the factors and the result (Clusters 2, 4). Weak connection for the countries of Clusters 3, 5, which indicates the dependence of the development of start-up ecosystems on other factors that are not considered in their description and which affect the development of start-ups and entrepreneurship in the countries of Clusters 3, 5. The practical value of this paper is that the results of the study can serve as the basis for the local and state authorities to form strategies to develop start-up ecosystems at the national and regional level

How and why accelerators enhance female entrepreneurship

This study was driven by an initial finding that female founders' participation rate in Israeli accelerators is significantly higher (15.3 %) than their participation rate in the Israeli startup sector (7.4 %). Linking accelerators' design to the known barriers to female entrepreneurship, we examined how accelerators may enhance female entrepreneurship by addressing their specific needs. Based on a dataset (N = 779) of structured interviews with startup founders who participated in accelerator programs in Israel during 2011–2019, we present evidence that female founders seek and gain more entrepreneurial knowledge, network building, and entrepreneurial self-efficacy during their participation in accelerators than do male founders. Female founders also seek to increase their legitimacy more than do their male counterparts but did not report making more progress in this aspect. Finally, both the goal of and progress in obtaining access to capital and improving fundraising skills received lower ratings from female founders than from male founders. We further ask whether accelerators are more helpful for women because they are better adapted to the female gender or because they are generally better adapted to founders with those background conditions that often characterize women. We found that the startup's stage of development and the founder's prior entrepreneurial experience mediated most gender differences, supporting the latter possibility. We discuss the implications of our findings for accelerators and other support programs as a means of increasing women's participation rates in innovative entrepreneurship.

The effects of FDI on innovative entrepreneurship: A regional-level study

A growing number of studies report findings on FDI's impacts on entrepreneurship activities in the host country, but less attention is given to the question of how FDI spills over to different types of entrepreneurship. This study empirically tests how FDI innovation activities influence innovative entrepreneurship entry and growth. Fixed-effect panel data analysis was applied to examine original field data from multiple official databases in China in 31 provinces from 1998 to 2007. The study shows that FDI innovation activities increase innovative entrepreneurship entry. The relationship is positively moderated by IPR protection. Moreover, FDI innovation activities also promote entrepreneurial growth. These findings contribute to a better understanding of dissimilar FDI spillovers to different entrepreneurship types. Such insights help expand the theoretical and practical research of FDI spillover on entrepreneurship from entrepreneurship as a whole to the attributes and processes of entrepreneurship.

Exploring Technology Innovation Factors, Government Support and Performance of Development-Related Social Enterprises: Evidence from South Korea

Growing demand for social services and products based on technological innovation has fueled expectations for technological innovation as a source of sustainable competitiveness for small- and medium-sized enterprises and, increasingly, social enterprises. This is especially the case for development cooperation programs that leverage social enterprises, which has resulted in increased funding from the public and private sectors for social enterprises promoting innovative development solutions. However, despite this enthusiasm, there is little clarity on whether this approach has actually been making substantial inroads in achieving intended development impacts. To fill this critical research gap, this study explores technology innovation factors as internal resources of a firm, based on the resource-based view (RBV), and investigates: (1) the relationship between technology innovation factors and performance of social enterprises; and (2) the moderating effect of government support between technology innovation and performance of social enterprises. Using an online survey method, this research collected sample data from 36 development-focused social enterprises headquartered in South Korea, from the 76 firms eligible to participate in the research. Based on a unique dataset of 36, first, this study performed multiple linear regression analysis to examine the effect of technology innovation factors, focusing on entrepreneurship, R&D capabilities and external cooperation of firms, on the social and economic performance of firms. Second, this study further employed a hierarchical regression to test whether government support moderates the causal effects of technology innovation factors on the social and economic performance of social enterprises. The results of this study present a positive relationship between innovative entrepreneurship and economic performance. In addition, this study identified a negative moderating effect of government support on the relationship between technology innovation, particularly R&D capabilities, and economic performance. Specifically, while R&D capabilities alone do not significantly influence a social enterprise’s economic performance, as companies receive more government support, the effect of R&D capabilities on economic performance becomes weak. As such, we contend that government support may, under certain circumstances (e.g., such as the level of technology), conflict with an enterprise’s pursuit of economic performance.

Impact of Managers’ overconfidence upon listed Firms’ entrepreneurial behavior in an emerging market

China is an important emerging economy, and its capital market has witnessed rapid development in recent years. At the same time, market pressure and exposed risks have increased significantly, which might negatively influence entrepreneurial behaviors. From the perspective of behavioral finance, this study explored the impact of managers’ overconfidence on entrepreneurship, by analyzing mergers and acquisitions (M&As) of listed firms. Empirical studies were performed on listed Chinese firms by constructing a comprehensive index to measure managers’ overconfidence. The results show that overconfidence, which might promote the chance to exploit the business opportunities of M&As, has a negative impact on both, innovation entrepreneurship and profitability, after the M&A. Propensity score matching was also performed for possible sample selection bias, and the results support the same findings.