LAW, RISK MANAGEMENT AND ENTREPRENEURIAL CULTURE IN THE FRAMEWORK OF PUBLIC POLICIES
LAW, RISK MANAGEMENT AND ENTREPRENEURIAL CULTURE IN THE FRAMEWORK OF PUBLIC POLICIES

Summary/Abstract: Modern society is undergoing a deep transformation in the relationship between the public and private sectors. In this context, law and public policies define the normative framework for entrepreneurial initiatives, while risk management and entrepreneurial culture provide the adaptive mechanisms necessary for sustainability. Entrepreneurial culture encourages innovation, risk-taking, and opportunity-seeking behavior. However, these cannot thrive without a coherent and predictable legal framework. Public policies—formulated at the intersection of administrative, economic, and social law—can either stimulate or hinder the entrepreneurial spirit. Through fiscal regulations, access to funding, administrative digitalization, or startup incentives, the state significantly influences the economic climate. In this sense, law is not merely restrictive but also enabling, when effectively aligned with sustainable economic development goals. Simultaneously, risk management plays a pivotal role in modern entrepreneurial decision-making. Legal, financial, and reputational risks must be proactively assessed. For instance, awareness of legal risks such as non-compliance with labor law or consumer rights can prevent costly failures. Therefore, an interface between regulation, entrepreneurship, and public policy is essential to building a resilient and ethical economic ecosystem.

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