Journal section "Social and economic development"

Necessity-Based and Opportunity-Based Entrepreneurship: Socio- Demographic Features of the Employed and Their Potential Realization

Ustinova K.A.

Volume 14, Issue 3, 2021

Ustinova К.А. Necessity-based and opportunity-based entrepreneurship: socio-demographic features of the employed and their potential realization. Economic and Social Changes: Facts, Trends, Forecast, 2021, vol. 14, no. 3, pp. 215–231. DOI: 10.15838/esc.2021.3.75.13

DOI: 10.15838/esc.2021.3.75.13

Abstract   |   Authors   |   References
Entrepreneurship is considered as a source of increasing economic competitiveness, emergence of innovations, creation of jobs, and realization of public goals. The article shows that the achievement of economic goals is associated not only with entrepreneurship, but also with its individual types (necessity-based and opportunity-based). The author pays attention to identifying the types of entrepreneurship (necessity-based and opportunity-based), determining socio-demographic features of population involved in these types, how representatives of the selected types of work perception, realize the accumulated potential, what type of earnings they prefer (stable, but low incomes / high incomes, but with no guarantees for the future). Information data of the research is data monitoring of the quality of labor potential of the Vologda Oblast population for 2020. In the course, the work identifies the groups of factors that affect the prevalence of these entrepreneurship types (in one case, it is macroeconomic stability, institutions, infrastructure, etc., in the other – for technological improvement, for higher education, vocational training, and efficient markets). The research reveals common features of necessity-based and opportunity-based entrepreneurs and their differences. The author proves that opportunity-based entrepreneurs perceive their activities to a greater extent from the position of focusing on earning respect and recognition, gaining new knowledge, and realizing their potential. They are more likely to rate their prospects for professional development, career growth and professional improvement higher than other groups of entrepreneurs. The practical significance of the study is to identify groups of opportunity-based and necessity-based entrepreneurs, characteristics peculiar to each of them, and to highlight their common and different features. In turn, the latter creates prerequisites for the authorities in terms of creating conditions for each of the groups of entrepreneurs, determining the most effective and successful incentives for activating their potential


opportunity-based entrepreneurship, necessity-based entrepreneurship, socio-demographic features, work perception, readiness for professional development

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