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Communication - A Dynamic Factor in the Entrepreneurial Ecosystem in Romania

Author

Listed:
  • Doina TodoruÅ£

    (“Valahia†University of Târgovişte)

  • Mihaela Denisa Coman

    (Valahia†University of Targoviste)

  • Oana Camelia Iacob

    (Polytechnic University of Bucharest)

Abstract

In order for a strong entrepreneurial ecosystem to exist, in order to develop, it must be realized that the presence of brand entrepreneurs alone is not enough. With a major impact in its evolution is a through, professional entrepreneurial education, but also the investment side (venture-capital, business-angels). The education system must adopt schemes for cultivating and promoting an entrepreneurial mentality at an early age. The aim of the paper is to encourage the capitalization of the personal vision in opening a business, of the professional experience accumulated for the consolidation of the Romanian entrepreneurial ecosystem. Entrepreneurship support starts with communication, thus favoring strategic partnerships, the involvement of investors with vision in this field, with openness to the young generation. In entrepreneurship, a behavior that follows the initiative is used to achieve success, strengthening the structuring of socio-economic aspects, but also openness to the probability of manifestation of risk and acceptance of failure, as Joseph Schumpeter mentioned. The entrepreneur feels the business opportunity, has a vision for implementation, but in order to implement the final decision it is necessary to communicate with those involved in the entrepreneurial activity.

Suggested Citation

  • Doina TodoruÅ£ & Mihaela Denisa Coman & Oana Camelia Iacob, 2020. "Communication - A Dynamic Factor in the Entrepreneurial Ecosystem in Romania," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 789-794, August.
    • Handle: RePEc:ovi:oviste:v:xx:y:2020:i:1:p:789-794
    as

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    File URL: http://stec.univ-ovidius.ro/html/anale/RO/2020/Section%204/35.pdf
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    References listed on IDEAS

    as
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    2. repec:iza:izawol:journl:y:2014:p:8 is not listed on IDEAS
    3. Nadim Ahmad & Richard G. Seymour, 2008. "Defining Entrepreneurial Activity: Definitions Supporting Frameworks for Data Collection," OECD Statistics Working Papers 2008/1, OECD Publishing.
    4. Ahmad Isa Abdullahi & Fakhrul Anwar Zainol, 2016. "The Impact of Socio-cultural Business Environment on Entrepreneurial Intention: A Conceptual Approach," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 6(2), pages 80-94, February.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    entrepreneurial ecosystem; communication; risk;
    All these keywords.

    JEL classification:

    • A2 - General Economics and Teaching - - Economic Education and Teaching of Economics
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • L31 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Nonprofit Institutions; NGOs; Social Entrepreneurship

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