Factors Concerning the Economic Growth: HR Development in Institutions that Support Entrepreneurship

Serafimovska, Hristina and Stefanovska Ceravolo, Ljubica and Ristova, Emilija (2011) Factors Concerning the Economic Growth: HR Development in Institutions that Support Entrepreneurship. In: 1st REDETE Conference - Economic Development And Entrepreneurship In Transition Economies - A Review Of Current Policy Approaches, 27-29.10.2011, Banja Luka, RS, BiH.

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Entrepreneurship is one of the driving forces for achieving high results within an economy. Starting from the
development component as its basic feature, entrepreneurship is a key cause of economic growth and employment
bearer. When we talk about entrepreneurship, a particularly interesting question is the one about its status in
transitional economies, where due to the breakdown of large industrial facilities and the rapidly actualization
of the sector of small and medium enterprises led to the emergence of a “spontaneous entrepreneurship”. This
type of entrepreneurship has its features that don’t look like a mature enough entrepreneurial activity that relies
more on intuition than on scientifically tested and proven actions and as such it continues to have its impact
on the future development of the overall economy in these societies. This is why this issue deserves special
One of the main obstacles, regarding the development of entrepreneurial climate, is the condition of the human
resource factor (HR factor), which is part of the numerous administrative - bureaucracy factors and obstacles.
Large number of failures are identified and determined in the policies for human resource development, starting
from the primary selection of employees in already existing and working organizations and institutions, which
reflects further working life of institutions. It also affects the process of creating entrepreneurial climate.
For that purpose, we are stressing out the need of improvement in the area of the entrepreneurial supportive
policies, engaging the entrepreneurial development, starting from the institutions which already are established
and their main field of work is supporting the entrepreneurial development.
The whole approach regarding the improvement of the human resources is divided in two phases. The first
one has its main focus on the employee selection process. The second phase is human resource development
policies, within institutional frameworks. These two phases have a tight connection and are supported with
accurate data which derives from our research, where the main focus is put on the current condition with
the human resources factor in both, state and public organizations (state organizations which have a leading
role in entrepreneurial development and private organizations as a carrier of the entrepreneurial development
functioning) in the country. For that purpose, we point out the need and credentials for organizational
restructuring with concentration on institutions that support entrepreneurial development.

Item Type: Conference or Workshop Item (Paper)
Subjects: Social Sciences > Economics and business
Engineering and Technology > Other engineering and technologies
Social Sciences > Other social sciences
Divisions: Faculty of Mechanical Engineering
Depositing User: Ljubica Stefanovska Ceravolo
Date Deposited: 14 Nov 2012 10:18
Last Modified: 14 Nov 2012 10:18
URI: https://eprints.ugd.edu.mk/id/eprint/800

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