Integrated characteristics of innovative entrepreneurship: from evolution to modernity

Abstract

In the article evolutional development of entrepreneurship is observed. The concept ‘entrepreneurship' is given and analysed by the author from various points of view.The author has given phases of entrepreneurship development. Innovative entrepreneurship is paid peculiar attention. The comparative characteristics of traditional and modern entrepreneurship is also presented. The innovations from different points of view is observed as process, product, result. The features of innovative activity are presented at small, average and large-scale enterprises. Their drawbacks and advantages have been stipulated. The author has suggested factors, enabling and obstructing innovative development. The characteristics of innovative entrepreneurship and author`s definition of the concept ‘innovative entrepreneurship’ are given. The role of the development of innovative entrepreneurship at macro and micro levels has been shown. The classification, enabling development of innovative entrepreneurship, is given. Integrated influence of innovations on cost structure of social production is shown.