Entrepreneurship Policy and Supportive Environment for Entrepreneurship Development

The decision of individuals to either establish their own business or to expand an existing one, as well as the interdependence between entrepreneurship and economic development are significantly influenced by the environment in which those individuals live and work. Such an environment is possible to shape with appropriate industrial policy. Based partly on the Global Entrepreneurship Monitor (GEM) database, obtained by surveying national experts in 2012, authors analyze business environment in Slovenia. We linked the results of analysis with potential channels of policy intervention proposed by entrepreneurial policy framework. The analysis shows that in Slovenia adequate social consensus on the importance of entrepreneurship and understanding of its role for economic growth and social development is still missing. Results also indicate that it is particularly important to strength the intervention on the supply side of entrepreneurship, because potential entrepreneur will take advantage of good business opportunity only if he/she will have the required capacities, skills and necessary resources.