Comparative analysis of entrepreneurship barriers: Findings from Serbia and Montenegro

Abstract

© 2014, Kaunas University of Technology. All rights reserved. Entrepreneurship is the best reflected in the areas that provide the most innovative possibilities and opportunities. Since it implies risk, uncertainty and creativity, it is important to analyze many barriers that can harm the process so that those could be avoided or minimized. In that sense, it is important to explore the perceptions of entrepreneurs about those barriers, especially in transition countries, where entrepreneurship is found as driving force of contemporary economic development.A comparative analysis was conducted to identify the main barriers to entrepreneurship in two countries, Serbia and Montenegro, with special direction to three areas of barriers. Online questionnaire was used to identify the level of awareness of these barriers (related to social circumstances, human resources and fiscal burdens) among entrepreneurs in target areas, as part of the larger study. Online questionnaire consisting of 15 questions, divided in 3 areas, was designed in Google questionnaire, an open source based survey tool. The survey was designed to capture information on the perceived barriers in entrepreneur’s business from several aspects (age, gender and education level of entrepreneurs). The questionnaire was filed by 182 entrepreneurial companies in both countries. Data analysis was made through SPSS program for statistical analysis. There were used statistical techniques: descriptive statistics, ANOVA test, t-test of independent samples to explore and confirm four proposed hypotheses.The aim of this research was to identify the most important barriers in establishing and developing entrepreneurial business in two transition countries, Serbia and Montenegro. The paper was divided into three parts. In the first part, the authors made a short theoretical overview on the literature of entrepreneurial process and barriers related to Serbia and Montenegro. Second part was dedicated to the presentation of the methodology used for the analysis of obtained sample of entrepreneurial companies. Third part consists of results and discussion and some authors’ remarks for the future research and position of entrepreneurs in Serbia and Montenegro.