Author(s): Jan Zwolak
Abstract: Entrepreneurship is a process in which goals or tasks are set at one’s own initiative, whereby no efforts are spared to ensure their efficient and effective implementation. The concept of entrepreneurship is associated with innovation as entailing ongoing research and the introduction of rational changes and novel ideas. The aim of the research is to determine the regression interdependencies between the number of enterprises (entrepreneurship) and process and product innovation expenditure (innovators' activity) and the number of inventions (inventors' activity), and in the second regression model: also the number of enterprises (entrepreneurship) and process and product innovative expenditure (innovators' activity) and the number of patents (inventors' activities) generated within the Polish industry in the years 2015-2017. The hypothesis is that patents (inventors' activities) get reinforced with process and product innovation expenditures (innovators’ activities) employed in the process of growth of the number of enterprises (entrepreneurship) in industry, as well as the overall efficiency of expenditures and technologies (patents) in the Polish industry over the course of the researched years. Conducted studies have confirmed the above hypothesis. In addition, the research carried out has shown that patents (inventors 'activities) have supplemented the share (elasticity) of process and product innovation (innovators' activities) by 10% in the increase in the number of enterprises (entrepreneurship) as observed in industry. This share is transferred from the supply element to that of demand.
Keywords: entrepreneurship, process and product innovative expenditure, inventions and patents, growth model, power regression model, industry, Poland.
WSEAS Transactions on Business and Economics, ISSN / E-ISSN: 1109-9526 / 2224-2899, Volume 19, 2022, Art. #