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THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.70, # 1, 2013, pp. 23-45
Application of this methodology will bring about restoration and development
of regional complex and will help to identify the success factors for further
development.
6. Theoretical and practical aspects of entrepreneurship in formation of
regional innovation strategy
Each entrepreneur has his own development strategy. From this point of view
consideration of individual strategies of entrepreneurs in the regions should be one
of the most important points during preparation of overall region strategy.
Analysis of entrepreneurship shows that the most significant problems for
development and implementation of individual innovation strategies is lack of
external and internal debt capital, hampers for capital attraction and administrative
issues during the implementation of the projects. Considering these points, we
believe that preparation of entrepreneurship programs for regional innovation
strategy is essential.
The main goal of this strategy is increase of competitiveness in the regions
and prevention of decrease in population’s welfare. It should be done in way,
which will support the further sustainable development of the country and its
regional integrations. Thus this strategy will cover the vast realm of social-
economic activity of the society. Therefore, we believe that development of
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