What are the instruments for activating entrepreneurship and innovation of companies, enterprises and other business entities beyond financial grants, low-interest loans and other external financing instruments?
Key instruments for activating entrepreneurship and innovation of companies, enterprises and other business entities include financial instruments, including grants from the public finance system, low-interest loans, equity financing through the issuance of equity and debt securities, crowdfunding available on the Internet and other forms of external financing of development, investment activities but also current, operational economic activities of companies and enterprises. However, with many different forms of external financing available for the activities of business entities, the importance of other, non-financial factors of activation of entrepreneurship and innovation of companies and enterprises is also growing. Non-financial factors for activating entrepreneurship and innovation of business entities include. the formation of economic policies, including pro-development investment policies, the development of communications and logistics infrastructure necessary for business development, the availability of a highly qualified workforce on a local or regional basis, the development of chambers of commerce and other non-governmental institutions that support local or national business and lobby policy in its favor, the development of research and development centers that create innovations used for business and implemented in manufacturing processes carried out in business entities, the increase in labor productivity resulting from the implementation of new technologies in manufacturing processes, etc.
I am conducting research on this issue. I have included the conclusions of my research in the following article:
Article THE IMPORTANCE OF ACTIVATING ENTREPRENEURSHIP AND INNOVATION...
I invite you to get acquainted with the issues described in the above-mentioned publication and to cooperate with me in scientific research on these issues.
In view of the above, I address the following question to the esteemed community of scientists and researchers:
What are the instruments for the activation of entrepreneurship and innovation of companies, businesses and other economic entities besides financial grants, low-interest loans and other instruments of external financing?
What are the factors for activating entrepreneurship and innovation of business entities outside of financial instruments?
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Dariusz Prokopowicz
The above text is entirely my own work written by me on the basis of my research.
In writing this text, I did not use other sources or automatic text generation systems.
Copyright by Dariusz Prokopowicz
Outside of financial instruments, entrepreneurs‘ vision, creativity,responsiveness to opportunity, leadership and skill, building relationships to stakeholders and the ability to take advantage of the rights and duties afforded might be the factors for entrepreneurship and business innovations