CREATING AN ENTREPRENEURIAL ENVIRONMENT TO CREATE MEDIUM AND SMALL BUSINESSES IN UZBEKISTAN.

Abstract

Entrepreneurship is more a mindset - an internally generated mandate - than a product of any particular type of business. It builds on the need, as Harvard Business School's Howard Stevenson writes, for immense creativity in “the pursuit of opportunity without regard to resources currently controlled.” It thus contrasts sharply with a managerial or administrative way of thinking and working typical of most organizations. The latter is more defensive - focused on reducing risk, maintaining control, increasing efficiency and creating structure - and oriented towards maintaining the status quo through the preservation of competitive advantages even when seeking growth. The development of a solid entrepreneurial and innovation ecosystem requires a holistic approach ensuring that all its components are addressed concurrently because the ecosystem works at the pace of its weakest link, not its strongest one.