Entrepreneurial Mindset and SMEs’ Sustainability

Ramo Palalić*, Azra Branković, Azra Bičo

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapter

1 Citation (Scopus)


The chapter aims to describe an entrepreneurial climate in small and medium enterprises (SMEs) in Bosnia and Herzegovina. The study is based on a qualitative approach, using interviews for data collection. It portrays the path way how the entrepreneurial mindset is created in SMEs. Each part of the path is elaborated in the way how this mindset is understood, established, and maintained throughout the entrepreneurial cycle. Interviewees are business owners or CEOs of SMEs who are competent to elaborate answers for asked questions. Results show that entrepreneurial mindset and spirit are created out of entrepreneurial orientation (EO) dimensions along with the internal marketing and networking. Contribution and other implications are further discussed.

Original languageEnglish
Title of host publicationStudies on Entrepreneurship, Structural Change and Industrial Dynamics
PublisherSpringer Nature
Number of pages25
Publication statusPublished - 2020
Externally publishedYes

Publication series

NameStudies on Entrepreneurship, Structural Change and Industrial Dynamics
ISSN (Print)2511-2023
ISSN (Electronic)2511-2031


  • Bosnia and Herzegovina
  • Entrepreneurial mindset
  • Entrepreneurial orientation
  • Internal marketing
  • Networking
  • Sustainability

ASJC Scopus subject areas

  • Business, Management and Accounting (miscellaneous)
  • Economics, Econometrics and Finance (miscellaneous)
  • Management of Technology and Innovation
  • Management Information Systems

Cite this