ENTREPRENEURIAL POTENTIAL IN BOSNIA AND HERZEGOVINA IN THE CONTEXT OF CURRENT SOCIOECONOMIC MOVEMENTS Cover Image

PREDUZETNIČKI POTENCIJALI U BIH U KONTEKSTU AKTUELNIH SOCIO-EKONOMSKIH KRETANJA
ENTREPRENEURIAL POTENTIAL IN BOSNIA AND HERZEGOVINA IN THE CONTEXT OF CURRENT SOCIOECONOMIC MOVEMENTS

Author(s): Mirjana Čeko, Biljana Rađenović Kozić
Subject(s): Economy
Published by: Visoka škola za poslovnu ekonomiju i preduzetništvo
Keywords: entrepreneurship; small business; Bosnia and Herzegovina; social integration; unemployment; motives

Summary/Abstract: This paper explores the pivotal role of entrepreneurship in economic development and the maintenance of astable social structure. Entrepreneurship, as a combination of labor, creativity, capital, and technology, generatesinnovative products, services, and socio-economic activities, becoming increasingly significant in post-industrialsocieties. Its efficiency, particularly in the development of small businesses, is becoming crucial in mitigating theinfluence of the corporate world. In the specific context of Bosnia and Herzegovina, entrepreneurial spirit and thepotential of citizens emerge as key factors for economic development and social stability. The paper utilizes atheoretical framework encompassing the characteristics of entrepreneurship, along with social, economic, cultural,and educational assumptions for its development, aligning them with the current socio-economic conditions in thecountry. Empirical research analyzes the motives, ambitions, and readiness of citizens to initiate their ownentrepreneurship in Bosnia and Herzegovina, with a specific focus on unemployed youth and their socialintegration as drivers of socio-economic development.

  • Issue Year: 2023
  • Issue No: 22
  • Page Range: 33-41
  • Page Count: 9
  • Language: Serbian