Role of Business Administration in the Process of Formation of Post-Industrial Economy

Natalia N. Telnova, Svyatoslav Serikov, Nelli A. Savelyeva, Tatiana Litvinova, Alexander Tenishchev
European Research Studies Journal, Volume XIX, Issue 2, 294-301, 2016
EOI: 10.11214/thalassinos.19.02.029

Abstract:

The purpose of the article is to determine the role of business administration in the process of formation of post-industrial economy. The research is based on statistical analysis of time rows. With the help of the method of correlation and regression analysis, the author distinguishes the role of entrepreneurship in the process of formation of post-industrial economy through analysis of dependence between the level of development of business and level of development of post-industrial economy in the countries of the world. For provision of representation of the data, the objects of the research are countries from various geographical and socio-economic regions of the world: Sweden, the USA, Russia, China, and India. The author determined the role of business administration in formation of the foundations of post-industrial economy and offered the corresponding model that allows for maximization of business administration’s contribution into the process of formation of post-industrial economy.


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