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Instruments and Methods for Identifying Indicators of a Digital Entrepreneurial System

Author

Listed:
  • Jelena Raut

    (Faculty of Technical Sciences, University of Novi Sad, 21000 Novi Sad, Serbia)

  • Đorđe Ćelić

    (Faculty of Technical Sciences, University of Novi Sad, 21000 Novi Sad, Serbia)

  • Branislav Dudić

    (Faculty of Management, Comenius University in Bratislava, 82005 Bratislava, Slovakia
    Faculty of Economics and Engineering Management, University Business Academy, 21000 Novi Sad, Serbia)

  • Jelena Ćulibrk

    (Faculty of Technical Sciences, University of Novi Sad, 21000 Novi Sad, Serbia)

  • Darko Stefanović

    (Faculty of Technical Sciences, University of Novi Sad, 21000 Novi Sad, Serbia)

Abstract

Entrepreneurial ecosystems are the main driver of the widespread trend of digitalization, and they open opportunities for the advancement of the digital economy. The digital economy makes its progress through innovative enterprises that can ensure global progress. In order to effectively use the opportunities that open up the process of digitalization, information is needed on how much the Republic of Serbia is able to support the process of discovering entrepreneurship, which is stimulated by digitalization, which is the subject of this paper. The aim of this paper is to analyze the digital entrepreneurial system of the Republic of Serbia, as well as to identify indicators that hinder the development of this system, using appropriate instruments and methods that will be presented in detail in the paper. The results have demonstrated that the starting point for improvement of the digital entrepreneurial system is in the field of finance, with a particular focus on companies in the startup and stand-up phases. Furthermore, a comparative analysis will showcase the digital entrepreneurial system of the Republic of Serbia and the member states of the European Union, where it will be seen that the digital entrepreneurial system of the Republic of Serbia is lagging behind the member states of the European Union in its growth and development. The results will serve as the starting point for policymakers to improve the process of digitalization and the digital entrepreneurial system as a whole. The results show the starting point for the improvement of entrepreneurship in the Republic of Serbia, that is, how small, and medium-sized enterprises can be encouraged on the path to their successful management.

Suggested Citation

  • Jelena Raut & Đorđe Ćelić & Branislav Dudić & Jelena Ćulibrk & Darko Stefanović, 2021. "Instruments and Methods for Identifying Indicators of a Digital Entrepreneurial System," Mathematics, MDPI, vol. 9(17), pages 1-20, September.
    • Handle: RePEc:gam:jmathe:v:9:y:2021:i:17:p:2151-:d:628553
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    References listed on IDEAS

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    2. Zoltán J. Ács & Erkko Autio & László Szerb, 2015. "National Systems of Entrepreneurship: Measurement issues and policy implications," Chapters, in: Global Entrepreneurship, Institutions and Incentives, chapter 28, pages 523-541, Edward Elgar Publishing.
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    Cited by:

    1. Ivana Đaković Radojičić & Jelena Raut & Slavica Mitrović Veljković & Branislav Dudić & Silvia Treľová & Vijoleta Vrhovac, 2022. "Factors That Limit the Development of the Digital Entrepreneurial System in the Scale-Up Phase of the Enterprise Life Cycle," Mathematics, MDPI, vol. 10(9), pages 1-18, May.
    2. Emilia Herman, 2022. "The Interplay between Digital Entrepreneurship and Sustainable Development in the Context of the EU Digital Economy: A Multivariate Analysis," Mathematics, MDPI, vol. 10(10), pages 1-28, May.

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