Zarina VİTA, Strele IVETA, Fogelmanis KASPARS, Lingeberzins ERİKS

THE UNDERSTANDING OF RESILIENCE AND THE ROLE OF ENTREPRENEURSHIP IN ITS IMPLEMENTATION

The economic and political stability of a country is essential for the development of a successful entrepreneurship environment, at the same time creating the sustainability of economy and entrepreneurship as well as the development as a priority is no more a novelty in the political schedule. Yet, the creation of the National Development plan of Latvia for 2014-2020 facilitates a completely new type of discussion that is based on the development priority, included in the plana person’s resilience. The translation of this term is relatively new, therefore there exist different explanations of what ‘resilience’ really means. The current situation is characterized by the absence of a discussion, so there is an insufficient understanding of the term, despite its widespread application in the world. In Latvia, the word causes serious misunderstanding and a doubt, both - in the academic and business environment. Moreover, although the creation of resilience is closely connected with the collaboration of both - public and private sectors, the discussion, connected with the involvement of the private sector in creating resilience has so far been missing. The aim of the work is based on a critical literature analysis and expert interviews, to clarify the basic principles of implementing resilience, and establish the significance of the entrepreneurship environment in implementing the national resilience. The task of the work is to analyse the theoretical basis of resilience and evaluate the results of the expert interview. In the work the graphic, monographic methods, as well as expert interviews are used

Keywords:

resilience, sustainability, national development, entrepreneurship,

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