Socio-Economic Determinants Of Changes In The Regional Entrepreneurship Environment Development

Abstract

The article summarizes the theoretical and methodological aspects and the work-out of recommendations for the formation of the organizational and economic foundations for regional entrepreneurship development. The conceptual approaches and the economic content of entrepreneurship are concretized; the formation tendencies of the organizational and economic foundations for the development of entrepreneurship in the context of general economic transformations have been systematized; the institutional and infrastructural business support was investigated; the features and mechanisms of support and regulation of regional entrepreneurship’s sphere were revealed. Based on the generalization of the existing scientific provisions regarding the interpretation of the essence of regional entrepreneurship, a new approach to its identification is proposed. Entrepreneurship, as a complex socio-economic phenomenon is considered from the standpoint of the implementation of its basic principles of multifunctionality for the regional economy, which considers not only the totality of economic determinants of ensuring balanced growth of the regional economy, but also provides for the possibility of capitalizing business ideas of entrepreneurs to achieve commercial success in strategic perspective. It is theoretically substantiated that motivation, as an important tool for enhancing the activities of business entities to achieve personal goals, should be consistent with both obtaining an economic and social effect, and performing social and environmental functions. A set of criteria for identifying entrepreneurship at the regional level is determined, and a systematic approach to the formation of organizational and economic entrepreneurship foundations is justified. The main socio-economic determinants of changing the environment of entrepreneurship development are established.

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Publisher

European Publisher

First Online

25.09.2021

Doi

10.15405/epsbs.2021.09.02.31

Online ISSN

2357-1330