Knowledge based innovations in modern entrepreneurship

Authors

  • Крстан Боројевић President of the Commission for Monitoring the Implementation of the Reforms of the National Assembly of the Republika Srpska

Keywords:

systematic creativity, knowledge based innovation, modern entrepreneurship, new development pattern, »a learning organization«, knowledge based society.

Abstract

J.A. Schumpeter was the first one to relate the term innovation with the term entrepreneurship. He found innovation to be the only source of pure profit created by the entrepreneurs. The entrepreneurs estimate ideas that the innovators come up with and afterwards they implement and advertise them.

Innovation is a spiritual creation, non-materila but incorporated in material and non- material goods. As non-material goods seem to have more and more significant role in the area of production, the meaning of innovation and the knowledge factor are also getting more important.

The need for creative-innovative actives and innovation in general is permanent.

That is the condition for economic successfulness and development of the modern enterprise.

Entrepreneurial ideas and innovations, when successfully introduced to the market, are the essence of modern entrepreneurship. The sources of knowledge based innovations are: new technology, changes in the production structure, consumers' new needs, legislative changes, etc.

Knowledge based innovations can be achieved in a systematic way. They are the basis of new development pattern, »a learning organization« and the knowledge based society.

References

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Kottler, Ph.: Leading Change: Why Transformation Efforts Fail, Harvard Business Review, March-April, 1995.

Nives, C.D.A.J.; Gouls, J.M.: Understanding Organization As Learning Systems, Sloan Management Review, 1985.

Nonaka, I.: The Knowledge creating Company, Harvard Business Review, 1991.

Peters, T.; Waterman, R.: У потрази за врхунским, Њу Јорк, 1982.

Пулић, А. Информацијско друштво и економија, Привредни вјесник, Загреб, 1992.

Senege, M.P. The Leader's New York: Building Learning Organization, Sloan management Review, 1990.

Станковић, Ф.; Вукмировић, Н.: Предузетништво, Матица Српска, Нови Сад, 1995.

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Published

2006-06-30

Issue

Section

Scientific papers

How to Cite

Knowledge based innovations in modern entrepreneurship. (2006). Acta Economica, 4(4), 221–246. https://ae.ef.unibl.org/index.php/ae/article/view/285

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