LEAN STARTUPS WITH INDUSTRY 4.0 TECHNOLOGIES: OVERCOMING THE CHALLENGES OF YOUTH ENTREPRENEURSHIP IN SERBIA
Journal Title: Journal of Engineering Management and Competitiveness (JEMC) - Year 2018, Vol 8, Issue 2
Abstract
Youth entrepreneurship is important for reducing youth unemployment rates and it overall contributes to economic growth. The main idea of this research is to determine the barriers and challenges that young entrepreneurs face in Serbia. The paper analyzes literature in this domain, and compares the status of youth entrepreneurship and entrepreneurship overall between Serbia, the EU and the US. Furthermore, a theoretical model is developed that includes the application of Industry 4.0 (I4.0) technologies and lean startup approach. The results indicate that taxation regulation and the lack of financial support for new startups are the main barriers that the young face in Serbia. In addition, the lack of adequate entrepreneurial education creates difficulties, and demotivates potential entrepreneurs. Therefore, it is necessary to introduce or modify existing regulatory laws and introduce effective financial support for new enterprises.
Authors and Affiliations
Mihalj BAKATOR, Dejan ĐORĐEVIĆ, Dragan ĆOĆKALO, Milan NIKOLIĆ, Miloš VORKAPIĆ
Keywords
Related Articles
- EP ID EP435334
- DOI 10.5937/jemc1802089B
- Views 141
- Downloads 0
APPLICATION OF MULTI CRITERIA DECISION MAKING TO URBAN PLANNING - A REVIEW
Nowadays a wide range of operational and research activities in different fields of urban planning consist of decision making problems. Decision making is the main element in the analysis in regional studies and skills r...
CONTROLLING SYSTEMATIC ERRORS IN ROCK TESTING BY MEASUREMENT UNCERTAINTY ANALYSIS
In engineering and fundamental sciences, many important decisions are based on the results of quantitative measurements. When an observation result is stated, it is also required to determine the uncertainty associated w...
MAKING ENGINEERING DEPARTMENTS ENTREPRENEURIAL: A DISCUSSION!
The concept of an “entrepreneurial orientation” is well established in the literature on the strategic posture of firms. Increasingly, large organizations are also turning to entrepreneurship in their efforts to become f...
IMPACT OF LEADERSHIP ON INTERPERSONAL TRUST AT WORK IN ENTERPRISES IN BOSNIA AND HERZEGOVINA
The paper presents theoretical basics and results of concrete research of the influence of leadership dimensions on dimensions of interpersonal trust at work in enterprises in Bosnia and Herzegovina. In addition, the mod...
FLEXIBLE EMPLOYMENT FORMS IN DIFFERENT COMPANIES LOCATED IN BUDAPEST
Today, atypical employment, such as flexible forms of employment, has gained more important substantiality within work science researches. As a result of the economic crisis, the flexible employment form has appeared as...