The role of business incubators as instrument management in contemporary economy

Abstract

The development of entrepreneurship in the economies of different countries is the driving force of the economic competitiveness, wich ensure the innovation on the market of the product and service. In the literature there are different opinions about the role of business incubators in countries with a transition economy. This is confirmed by current economic development practice in European Union member countries. Using comparative management, the authors of this article have formed the theoretical concept on the role of incubators in society, and through mathematical instruments prove that in the contemporary economy they become important forms of entrepreneurial support at early stages of the business, being recognized as „ABC” in entrepreneurial skills training. Authors explain the special role of business incubators in creating conditions to explore the intellects of the unemployed, who were forced to invent workplaces in order to generate a multitude of the business ideas that favored their opening towards various approaches, perspectives, visions and which eventually helped them become entrepreneurs.