Entrepreneurial Training in the Conditions of the Digital Economy: Stimulation of Demand, Organization, and Practical Experience

Abstract

Purpose: The study aims to review the practical experience of entrepreneurship education in the regions of the North Caucasus Federal District of the Russian Federation and to develop recommendations to stimulate demand and organize entrepreneurship education in the digital economy in the modern region. Design/methodology/approach: The share of entrepreneurship in the structure of employment of economically active population aged 15–72 years in the regions of the North Caucasus Federal District of the Russian Federation in 2018 has been determined. The paper considers the balanced financial result of entrepreneurship in the regions of the North Caucasus Federal District of the Russian Federation in 2018. The statistics on entrepreneurship education is analyzed and the sufficiency of its coverage for the successful functioning of entrepreneurship in the regions under study is determined. Findings: The considered practical experience of business training in the regions of the North Caucasus Federal District of the Russian Federation showed that at present entrepreneurship is not fully covered by this training due to low demand and shortage of supply. Insufficient skill level of entrepreneurs leads to business losses, which will be overcome by the development of entrepreneurial education. Originality/value: A model for organizing entrepreneurial learning in the digital economy in the region was developed. The model demonstrated the preference of this training on the territory of the region to ensure that entrepreneurs master all necessary theoretical and practical competencies. Some recommendations were also proposed to stimulate the demand and supply of entrepreneurial training in the conditions of digital economy in the modern region.