BusinessEntrepreneurship

Financial Entrepreneurship as a Subject of Theoretical Research

Financial enterprise, as a theoretical problem, was faced with the need for a qualitative rethinking of the contradictions accumulated in its empirical material and the need for a theoretical justification for increasing the role and importance of knowledge. Modern science has not been able to establish the interrelationships of many modern realities and give them a rational explanation. Signs that indicate the need to develop a new paradigm are: imperfect characteristics of the financial and economic activities of the enterprise, bank, organization, the inconsistency of the theory of entrepreneurial activity with the form, structure and conditions of the ongoing processes and the exhaustion of the possibilities of traditional schemes and methods of analysis to characterize current trends in entrepreneurship. And the inconsistency of the views and representations that have developed in the social sciences has a global character, since the emergence of contradictions is due to the fact that financial entrepreneurship has undergone qualitative changes in the object of study, its life activity and functions.

The need for new fundamental generalizations is caused by a significant shift in the development of civilization as a whole: the transformation of the system of values and preferences, the growth of integrity and the synthesis of economic relations. The modern view of the financial provision of entrepreneurship is that it is necessary to form its new paradigm and, based on it, the historical generalization of experience, its theoretical comprehension and the uniqueness of modern changes must be laid. Financial entrepreneurship, as a subject of research, has the following distinctive features: the multidimensionality and complexity of the economic system, the nonlinearity and alternativeness of economic development, qualitative changes in objectives and value orientation, a profound modification of relations between subjects of economic relations.

The emergence of a new model of the economy is a very contradictory process. Financial entrepreneurship, as a phenomenon within the framework of this model, does not discard the previous knowledge, but integrates them, opening up new opportunities for development. In modern conditions, traditional economic theory and the "new economy" have developed relationships that can be defined as an integrated methodological convergence. In addition, it can be argued that the evolutionary convergence of traditional economic theory and the "new economy" does not occur, but evolutionary-competitive methodological convergence, when the methodologies of both paradigms are simultaneously interacting (enriching, replenishing each other), and interrelations (paradoxically tearing away), develop in one direction. The essence of the new paradigm can be defined in several aspects. The first is the accumulation of knowledge in the field of business economics of science, its technology and management. The second is highly skilled labor resources, which produce new knowledge and thereby increase the productivity of the economic system as a whole. The third one is a developed information infrastructure that promotes the social spread of scientific and intellectual potential. The fourth is the business sector proper, adapting new knowledge to practical activities.

Summing up, we can say that the "new business economy" is a holistic scientific and educational complex based on the energy-intensive potential of knowledge and intellectualization of all types of activities, reinforced by the entrepreneurial initiative.

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