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39

a necessity. The most satisfied with their work are those entrepreneurs

whose motive for entry into the business was an opportunity. International

comparisons show that Slovaks are the least satisfied within V5 countries in

terms of work. Our satisfaction is also below the average of Europe and also

those countries whose development is based on innovation. The general

dissatisfaction of Slovaks with their work deserves more detailed psycho-

sociological examination of the key reasons on the national level, which

determine such behavior.

The dynamics of entrepreneurial aspirations in Slovakia: growth,

innovation and foreign orientation

x

The dynamics of entrepreneurial aspirations

in this monograph are

analyzed in terms of three criteria: growth profile, innovation and

international orientation of entrepreneurs in Slovakia internally and in

international comparison.

x

In terms of

growth profile

, evaluated through the expected job creation,

there was a downward trend in the number of expected jobs in the past three

years. The proportion of entrepreneurs with high expectations (creation of

six or more jobs) declined, and a slight increase was logically recorded in the

category with the expected creation of up to five jobs. Reducing of the

expectations of growth in each category is partially influenced by the overall

drop in entrepreneurial activity in Slovakia. In international comparison,

Slovakia, despite the declining trend, is consistently above the average in

Europe and the region.

x

In terms of

innovation

Slovak entrepreneurs were divided into innovative

and non-innovative, using the innovative score model. In the three evaluated

years, the share of innovative early-stage entrepreneurs fell from 45.6% to

38.2%. For established businesses, the share of innovative entrepreneurs

oscillated around 25%. In terms of entrepreneurial potential, innovative

entrepreneurs are generally more positive in the perception of opportunities

and social attitudes towards entrepreneurship. In the area of self-evaluation,

the innovative entrepreneurs both in the early-stage and the established

stage express slightly lower fear of failure but they perceive own skills more

critically than non-innovative entrepreneurs (with the exception of

innovative established entrepreneurs in 2013). In an international

comparison of innovation, Slovakia lags far behind the European and V5

averages and therefore the support of innovative entrepreneurship in

Slovakia should be a priority.

x

The

international orientation of Slovak entrepreneurs

has increased

substantially, while the impact on this area was caused by a particularly

significant decline in early-stage and established entrepreneurs without

foreign customers in 2013. This benefited Slovakia in terms of international

comparisons, and caused a significant increase in ranking in the region and

in Europe. In the group of early-stage entrepreneurs, this change reflected in