Objective and Subjective Preconditions for Entrepreneurship – From the Point of View of Enterprise Risk Management

Established objective and subjective preconditions for
entrepreneurship, forming the business organically related whole, are
the necessary condition of successful entrepreneurial activities.
Objective preconditions for entrepreneurship are developed by
market economy that should stimulate entrepreneurship by allowing
the use of economic opportunities for all those who want to do
business in respective field while providing guarantees to all owners
and creating a stable business environment for entrepreneurs.
Subjective preconditions of entrepreneurship are formed primarily by
personal characteristics of the entrepreneur. These are his properties,
abilities, skills, physiological and psychological preconditions which
may be inherited, inborn or sequentially developed and obtained
during his life on the basis of education and influences of
surrounding environment. The paper is dealing with issues of
objective and subjective preconditions for entrepreneurship and
provides their analysis in view of the current situation in Slovakia. It
presents risks of the business environment in Slovakia that the Slovak
managers considered the most significant in 2014 and defines the
dominant attributes of the entrepreneur in the current business
environment in Slovakia.

• Maria Luskova
• Maria Hudakova
• Katarina Buganova

• Entrepreneurship
• innovations
• opportunity
• risk
• uncertainty.

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