Institute for Competitiveness and Communication
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Publikation The Potential for Developing Opportunity-Oriented Entrepreneurship in Croatia: An institutional perspective(11/2009) Fuduric, NikolinaUsing Nobel Prize winner Douglass North's Institutional theory, a case is made for the necessary context needed to enable opportunity-oriented entreprenership in Croatia. To unleash entrepreneurial potential, the institutional environment of a nation is to be examined from different institutional levels: government, social context, and the individual. Informal, as well as formal institutions are examined. In Croatia's case, as in many other eastern European nations, if the institutional environment does not become professionalized, the nation is placed in a viscious cycle of necessity entrepreneurial activity.04B - Beitrag KonferenzschriftPublikation Another Paradox in the Periphery?: Innovations among non-novel entrepreneurs(Regional Studies Association, 05/2008) Fuduric, Nikolina; Hardy, Sally; Larsen, Lisa Bibby; Freeland, Frankie04B - Beitrag KonferenzschriftPublikation Formal Institutions and Environmental Factors Framing Entrepreneurship in Croatia(Aalborg Universitet, 2008) Fuduric, Nikolina; Smallbone, David; Welter, Friederike; Busck, OleThis paper has two purposes. First, it provides an assessment of the factors framing entrepreneurship in Croatia and how they influence the predominantly necessity-oriented entrepreneurship in the nation. The factors considered include – economics, formal institutions, culture, the industrial structure, human capital and social capital. The second purpose is to present possibilities on how different institutions, through their policies, programs and implementing organizations, impact the above factors. Understanding the sources influencing necessity entrepreneurship is important because the Croatian government’s goal is to reach 75% of the EU25 mean GDP by 2013, partly using entrepreneurship development as an engine of this growth.05 - Forschungs- oder ArbeitsberichtPublikation Individuals and Opportunities: A resource-based and institutional view of entrepreneurship(Aalborg Universitet, 2008) Fuduric, NikolinaEntrepreneurial activity holds many promises for economic well-being. Some of the most well-documented promises are economic growth and job creation. Considering entrepreneurship’s potential in creating jobs and economic growth, one would think that it is an ideal strategy to use in those places that need it the most; in the economically depleted regions of the world. The answer is yes and no. It is an ideal strategy because a healthy entrepreneurial base has far-reaching effects on the economy and society. It is not an ideal strategy if the human and institutional resource base is weak. Since entrepreneurship is a socially constructed phenomenon, it will only be as robust as the people practicing it and the institutional environment in which it is enacted. This paper has two goals. The first is to examine human capabilities and the institutional environment as a set of resources giving rise to different processes and forms of entrepreneurship. The second goal is to consider how novel (Schumpeterian) and non-novel (Kirznerian) forms of entrepreneurship are affected by resources on these levels. Two theoretical platforms aid in this consideration: Edith Penrose’s resource-based theory of firm growth and Douglass North’s Theory of Institutions and Institutional Change. Penrose’s theory supports the notion of the development of individual resources since the entrepreneur functions as a firm and is engaging in an individual process and not a collective one. His personal resources are anchored in his psychological traits and capability set. Douglass North and his Theory of Institutions and Institutional Change provide us with the missing context within which the entrepreneur acts. North sees institutions acting as societal rule or norm setters, thereby either permitting or constricting entrepreneurial economic action through the availability of resources in the environment. The point of departure for this paper is that it begins to conceptualize a research framework to observe the entrepreneurial process from the standpoint of individual and institutional resources. The implication of this framework is that it can act as a resource assessment structure which could reveal a region’s ability to support different forms of entrepreneurship. Regarding my future empirical research, it should provide more information as to what resources are used by non-novel entrepreneurs in what we deem as a resource-poor, post-socialist periphery.02 - MonographiePublikation Necessity Entrepreneurship in the Post-Socialist Periphery: A resource perspective(Aalborg Universitet, 2009) Fuduric, Nikolina; Smallbone, David; Welter, Friederike; Busck, Ole05 - Forschungs- oder Arbeitsbericht