20 ISSN 1392-2785 ENGINEERING ECONOMICS. 2007. No 4 (54) THE ECONOMIC CONDITIONS OF initiative FUNCTIONING Entrepreneurship in Sustainable Development: SMEs Innovativeness in Lithuania Kęstutis KriÅ¡čiūnas, Jolita Greblikaitė Kauno technologijos universitetas Europos institutas Kęstučio g. 8, LT-44320, Kaunas Purpose of the article Different stinting ripening in the European Union (EU) countries, especially evaluating cognition- fundament economy (KBE), conditions migration of knowledge workers. Usually for that reason the less reliable countries atomic number 18 suffering. So the inducement of innovation processes, good conditions of entrepreneurship are of import factors, capable strongly influence accumulation of mind instead of its lost. KBE is based on knowledge generation and utilisation, innovation, engineering science transfer, and, of course, entrepreneurial activity (Krisciunas, Rinkevicius, 2002). These components uphold to successfully guarantee sustainable economic development. The actuality of entrepreneurship in KBE reveals the scientific bother showing interplay among economic sustainability and modernization of entrepreneurship, which could even influence migration flows.
The school of question is to reveal why entrepreneurship is so important in sustainable economic development, especially looking at innovative SMEs as an entrepreneurial enterprises. Design/methodology/approach Theoretical query and analysis of scientific articles and statistical data on smallish and medium-sized enterprises (SMEs) in the EU are employ in t his study. Findings The development of ent! repreneurship research was revealed; the features of modernity of entrepreneurship in economic sustainability as sociability, competitiveness, progressiveness, knowledge generation and usage, innovativeness, dynamism were disclosed. The result of the interplay of modernity of entrepreneurship and migration flows was detected and proves...
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