Entrepreneurship in Sustainable Development: SMEs Innovativeness in Lithuania

  • Kęstutis Kriščiūnas Kaunas University of Technology
  • Jolita Greblikaitė Kaunas University of Technology
Keywords: entrepreneurship, modernity of entrepreneurship, responsible entrepreneurship, small and medium-sized enterprise (SME), social responsibility, knowledge, knowledge-based economy (KBE), economic sustainability.


Purpose of the article – Different economic development in the European Union (EU) countries, especially evaluating knowledge-based economy (KBE), conditions migration of knowledge workers. Usually for that reason the less developed countries are suffering. So the inducement of innovation processes, good conditions of entrepreneurship are important factors, capable strongly influence accumulation of intellect instead of its lost. KBE is based on knowledge generation and utilisation, innovation, technology transfer, and, of course, entrepreneurial activity (Krisciunas, Rinkevicius, 2002). These components help to successfully guarantee sustainable economic development.

The actuality of entrepreneurship in KBE reveals the scientific problem showing interplay between economic sustainability and modernization of entrepreneurship, which could even influence migration flows. The aim of research is to reveal why entrepreneurship is so important in sustainable economic development, especially looking at innovative SMEs as an entrepreneurial enterprises.