Intellectual entrepreneurship under a new paradigm of economic activity

The article theoretically grounds approaches to defining intellectual entrepreneurship as a new social phenomenon and explains its role in the formation of a knowledge-based economy. It also develops a holistic understanding of essential characteristics that intellectual entrepreneurship has acquired under a new paradigm of economic activity. The essence of intellectualization and its manifestations as well as structural and qualitative transformations of an entrepreneurial environment are highlighted. Specific features of an innovative enterprise, viewed as a key business model in a knowledge-based economy, are identified. It is emphasized that the concepts of free enterprise and intellectual entrepreneur have a new understanding. The importance of qualitative changes is underlined, and the peculiarities of intellectual entrepreneurship are determined, particularly those related to acquisition and use of advanced knowledge. The latter is considered as the most important resource. A systematic review of factors influencing the formation and development of intellectual corporate entrepreneurship is com- pleted. It is proved that under current conditions, intellectual entrepreneurship requires a new holistic approach which is based on organizational synapses created by experience or training opportunities. In addition to giving a critical analysis of development outcomes of innovative entrepreneurship, the article reveals key negative factors and trends that hinder spreading of innovative activities in domestic enterprises.The key role of intellectual capital as an inter-specific resource for the development of intellectual enterprise is emphasized, because the described business model develops on the basis of intellectual abilities of knowledge entrepreneurs, or creative class, able to serve as an engine for innovative modernization. The interdependent components of intellectual capital are divided into: human capital (people, their knowledge, education, professional competence) and innovations (intellectual product as a result of creative work). A particular attention is paid to the development of corporate culture in the context of actualization of human capital. Based on the research findings, some areas of applying the study results are suggested. In this way, the necessary preconditions for the formation of intellectual entrepreneurship will be fulfilled. The observance of them will contribute to consolidating the foundations of innovation breakthrough at the stage of development of intellectual entrepreneurship in Ukraine.