1. Entrepreneurship and Management
1. INTRODUCTION

2. Definitions Entrepreneurship: Management:
The capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit. [...] In economics, entrepreneurship combined with land, labor, natural resources and capital can produce profit. Entrepreneurial spirit is characterized by innovation and risk-taking, and is an essential part of a nation's ability to succeed in an ever changing and increasingly competitive global marketplace.
Management:
The organization and coordination of the activities of a business in order to achieve defined objectives.
The directors and managers who have the power and responsibility to make decisions and oversee an enterprise.

3. Final Marks 100 pts. max: Final score: max. 70 pts. for replies
max. 30 pts. for activity
5 pts. for attendance at a lecture
Final score:
2.0 — 0-50 pts.
3.0 — pts.
3.5 — pts.
4.0 — pts.
4.5 — pts.
5.0 — pts.

4. Literature Corporate Governance Business Environment
A. Shleifer, R.W. Vishny, A Survey of Corporate Governance, “Journal of Finance” 1997, Vol. 52, No. 2.
R.A.G. Monks, N. Minow, Corporate Governance, 5th Edition, John Wiley & Sons, New York 2011.
OECD Principles of Corporate Governance, OECD, Paris 2004.
I. Hashi, The Legal Framework for Effective Corporate Governance: Comparative Analysis of Provisions in Selected Transition Economies, “Studies and Analyses” CASE, 2003.
Kozarzewski P., Corporate Governance Formation in Poland, Kyrgyzstan, Russia and Ukraine, in: R.W. McGee (ed.), Corporate Governance in Transition Economies, Springer, New York 2008.
Business Environment
Doing Business, The Word Bank, Washington D.C., various years.
Technology Incubators: Nurturing Small Firms, OECD, Paris 1997.
Clusters for Competitiveness A Practical Guide & Policy Implications for Developing Cluster Initiatives, The World Bank, Washington D.C., 2009.