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Valorizing Entrepreneurial Potential Of The Central Region - Partnership Between University And Business Environment As Supporting Element Of The Entrepreneurial Culture

Author

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  • Ionela Gavrila-Paven
  • Andreea-Cipriana Muntean

Abstract

The core of the economic growth is the nation entrepreneurial potential and its force of creation and qualities. The enthusiasm and imagination of the entrepreneurs that are capable of accomplishing their dreams is the key element that leads a business to success becoming in this way model of success for the future generations. Building the reliance between desire and reality, beginner entrepreneurs have to rely on solid basis such as business plan well elaborated, good practices and IT instruments. Once established and adopted these elements, entrepreneurs and managers can apply their own abilities in increasing a business and lead it towards success. So, leader entrepreneurs build success companies that are generating economic changes and create working places but they are contributing to the improvement of their communities. Dynamic, flexibility, innovation spirit, orientation capacity towards the clients need or the quick reaction in market adaption represents the definitely characteristics of these companies. Although the small and medium enterprises sector is one of the most affected by the effects of the economic crisis, present situation can be considered as an opportunity for small and medium companies in identifying and quick response to the market changes in finding flexible and innovative ways of developing activities.

Suggested Citation

  • Ionela Gavrila-Paven & Andreea-Cipriana Muntean, 2011. "Valorizing Entrepreneurial Potential Of The Central Region - Partnership Between University And Business Environment As Supporting Element Of The Entrepreneurial Culture," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(13), pages 1-34.
  • Handle: RePEc:alu:journl:v:2:y:2011:i:13:p:34
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    Cited by:

    1. Saiful Hidayat & Margono Setiawan & Fatchur Rohman & Ananda Sabil Hussein, 2022. "Build Resilience to Changes in the Business Environment to Improve Company Performance," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 12(3), pages 93-107.

    More about this item

    Keywords

    entrepreneurial potential; partnership; entrepreneurial culture;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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