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The growth of small and medium enterprises (SMEs) is an important prerequisite for the economic development of the country because it creates the lion’s share of jobs in developed economies and is an engine for innovations. SMEs usually do not have significant resources and are affected by changes in the external environment. In recent years, in Ukraine, a transit economy, small and micro-enterprises...
Business incubation is a critical tool for ensuring the survival of start-up small enterprises. Over the past 15 years, South Africa has progressively expanded its commitment to business incubation as part of broader support for the small enterprise economy. The objective in this paper is to highlight the different pathways of contemporary business incubation occurring in South Africa with particular...
Studies of entrepreneurship established as a scientific discipline quite recently, although its phenomenon has been investigated since XVII-XVIII centuries in Europe (R. Cantillon, A.Smith, J.B.Say), and since early XX century in the USA (F.Walker, F.Knight). The fundamental work by J.Schumpeter 'The Theory of Economic Development' appeared when it had been commonly recognized that the new phase of...
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