The Future of Education

Edition 14

Accepted Abstracts

Significance of Entrepreneurs' Education for Competitive Performance in International Business Environment

Silviya Georgieva, University of National and World Economy (Bulgaria)

Abstract

This paper examines the connection between entrepreneurs’ education and the successful performance of enterprises in international business environment. The entry into foreign markets and the expansion of their presence abroad is connected with a set of knowledge and skills that entrepreneurs/managers and key specialists responsible for the growth and the internationalization of the business possess. The paper presents the findings of a survey carried out among 500 Bulgarian enterprises that in some form have taken part in international activities. At the same time programs have been examined that prepare the students studying entrepreneurship-related disciplines for the specificity, opportunities and challenges in the course of internationalization of a business’s operations. What has been taken account of is the expectations of the trained students that are the possible founders of their own business or will inherit their family firms. In the conclusions some inferences have been made about the education of future entrepreneurs, and the connection between the entrepreneurs’ education and the successful performance of enterprises in international market. The experience of the enterprises that have participated in the survey carried out under this piece of research has been taken into consideration.

Keywords: internationalization, education, entrepreneurship.

References:
[1] Council of Ministers of the Republic of Bulgaria (2015). Entrepreneurship 2020-Bulgaria, Action Plan
[2] European Commission (2013). The Entrepreneurship 2020 Action Plan - Reigniting the entrepreneurial spirit in Europe (COM / 2012/0795)
[3] Kuzmanova, M., M. Alexandrova, A. Atanassov (2018). Innovative Approach to Academic Training in Business Administration in the University of National and Word Economy, International Conference "The Future of Education", Florence
[4] Lages, Luis Filipe, Montgomery, David B. (2004). The Relationship among Export Assistance, Pricing Strategy Adaptation to the Foreign Market, and Performance Improvement. Research Collection Lee Kong Chian School of Business.
[5] Markova, М. (2018). Company Competitiveness through Intellectual Property, Economic studies, Issue No: 5, pp. 35-55
[6] Ministry of Economy and Energy (2013). „National strategy for small and medium-sized enterprises promoting 2014-2020”
[7] Seringhaus, F.H., Ph. J. Rosson (1991). Export Promotion and Public Organizations: State-of-the-Art, Export Development and Promotion: The Role of Public Organizations, edited by F.H. Rolf Seringhaus, Philip J. Rosson, Springer Science & Business Media
[8] Todorov, К., K. Kolarov (2020). “Educational and Professional Backgrounds of Entrepreneurs as a Factor for the success of Bulgarian SMEs’ Internationalization: Findings from an Empirical Study”, Salerno University Proceedings, International Council for Small Business, ISBN-13: 978-1-7324980-1-3
[9] Todorov, K. (2015). “Business Entrepreneurship”, BAMDE, 2015 (in Bulgarian)
[10] Vasilska, М. (2017). Role and Profile of the Entrepreneur and the Intrapreneur: Comparative Analysis. “Management and Sustainable Development” Journal, University of Forestry, Sofia, Vol. 62, Issue 1 (in Bulgarian)
[11] Vladimirov, Z. (2018). Discussing innovation policy biases in the new EU member states. Economic Studies, 5, pp. 3-26

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