Importance of innovations for entrepreneurship development – views of entrepreneurs in Kurzeme region

Abstract

Innovation is one of the most influential aspects for entrepreneurship development. Therefore, also academic researchers pay a lot of attention on different aspects related to innovations. Current research paper is devoted to evaluation of the views of entrepreneurs related to innovation practical applications and problems of introduction of innovations. Aim: evaluate the views of entrepreneurs related to innovation practical applications and problems of introduction of innovations. Research methods applied: previous conducted scientific research results analysis, analysis of statistical data, survey of entrepreneurs. Survey data are analysed by most used characteristics of descriptive statistics: indicators of central tendency or location (arithmetic mean, mode, median) and by indicators of variability or dispersion using standard deviation, standard error of mean and range. Most important results by views of entrepreneurs are: innovations support increase of expert and increase of share in realization of products or services.