Knowledge-Intensive Entrepreneurship in the Economy of the European Union

DOI: 10.20542/0131-2227-2014-6-43-52

G. Olevsky, University of Latvia, 19 Raina Blvd., LV-1586, Riga, Latvia (

Abstract. The article studies role of knowledge in business and analyzes tendencies of the formation of knowledge-intensive entrepreneurship (business) in the EU. It is shown that for small and medium-sized enterprises prospects of expansion of knowledge production and sales of products and services are associated with the internationalization of business. The author proposes the matrix of decision-making entrepreneurs, depending on the completeness and quality of information at their disposal on the market.

Keywords: knowledge-intensive entrepreneurship, expectations of entrepreneurs, internationalization, small and medium-sized enterprises

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For citation:
Olevsky G. Knowledge-Intensive Entrepreneurship in the Economy of the European Union. World Eonomy and International Relations, 2014, no. 6, pp. 43-52.

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