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Opportunities and challenges in promoting youth entrepreneurship in Montenegro

Author

Listed:
  • Vesna Karadzic

    (University of Montenegro, Faculty of Economics, Montenegro)

  • Radivoje Drobnjak

    (University of Montenegro, Faculty of Economics, Montenegro)

  • Manijeh Reyhani

    (The University of Western Australia , Business School, Australia, P O Box 19 Mosman Park Western Australia 6912)

Abstract

Purpose – The purpose of this paper is to examine the opportunities and challenges that youth entrepreneurs are facing in Montenegro, considering all aspects of youth participation in the development of the country. A quality research of several successful young entrepreneurs is presented. Design/methodology/approach – Several successful young entrepreneurs were interviewed. The principles of case study design and method were followed. Data collection involved both macro and micro level analysis of interviews and direct observation. Findings – The analysis shows that although in the areas of youth participation, significant progress has been made in the last several years, youth entrepreneurship programme in Montenegro is still in its early stages of development and needs strong sustainable commitment, assuring the development and efficient functioning of various youth participation mechanisms at the local, regional and national level. It is also essential to continue to standardize and support youth work, youth information and non-formal business education of young people. Surveys show that young people in Montenegro believe they have much to offer and can significantly contribute to all areas of the society’s development. However, their potential remains greatly untapped due to certain obstacles that they face. There are needs for encouraging programs to inform youth about the value of their participation in all aspects of society. Research limitations/implications – The main limitations were access to a greater number of successful young entrepreneurs making the analysis more descriptive and conclusive. Originality/value – The paper supports understanding of the complex employment challenges and opportunities facing youth and stimulates discussion on how to address this key development issue.

Suggested Citation

  • Vesna Karadzic & Radivoje Drobnjak & Manijeh Reyhani, 2015. "Opportunities and challenges in promoting youth entrepreneurship in Montenegro," International Journal of Business and Economic Sciences Applied Research (IJBESAR), International Hellenic University (IHU), Kavala Campus, Greece (formerly Eastern Macedonia and Thrace Institute of Technology - EMaTTech), vol. 8(3), pages 13-20, December.
    • Handle: RePEc:tei:journl:v:8:y:2015:i:3:p:13-20
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    References listed on IDEAS

    as
    1. Schoof, Ulrich., 2006. "Stimulating youth entrepreneurship : barriers and incentives to enterprise start-ups by young people," ILO Working Papers 993881573402676, International Labour Organization.
    2. repec:ilo:ilowps:388157 is not listed on IDEAS
    3. Baumol, William J., 1996. "Entrepreneurship: Productive, unproductive, and destructive," Journal of Business Venturing, Elsevier, vol. 11(1), pages 3-22, January.
    4. Naudé, Wim, 2010. "Promoting Entrepreneurship in Developing Countries: Policy Challenges," WIDER Working Papers UNU-WIDER Working Paper P, World Institute for Development Economic Research (UNU-WIDER).
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Alexandra Zamfirache & Titus Suciu & Carmen Elena Anton & Ruxandra-Gabriela Albu & Ioana-Simona Ivasciuc, 2023. "The Interest Shown by Potential Young Entrepreneurs in Romania Regarding Feasible Funding Sources, in the Context of a Sustainable Entrepreneurial Education," Sustainability, MDPI, vol. 15(6), pages 1-29, March.
    2. Antonios D. Livieratos & Vasilis Siemos, 2021. "Optimizing University Acceleration Programs. The Case of NKUA’s Multistage Model," International Journal of Business and Economic Sciences Applied Research (IJBESAR), International Hellenic University (IHU), Kavala Campus, Greece (formerly Eastern Macedonia and Thrace Institute of Technology - EMaTTech), vol. 14(2), pages 68-77, September.

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    More about this item

    Keywords

    Entrepreneurship; Youth; Montenegro; Business; Employment;
    All these keywords.

    JEL classification:

    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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