Abstract:

According to economics development in the real economy we are able to talk about the most important changes we have ever seen 100 years ago. The theoretical conceptions are based on the difference between static and dynamics and were formulated by genial economist Joseph Alois Schumpeter. His theory of business cycles is one of most popular economics point of view to theses crises now a day. However we have to build up the real entrepreneteurship based on innovations and knowledge to be more competitiveness. We are able to create a strategic management in innovation according to our innovation potential; we should target the product, service and our paradigm too. Then we will to catch the prime and secondary entrepreneteur profit as well. This thesis combinated with theory of creative destructions should be a good reason for changes in transformative economics especially. How these changes have begun in Czech Small and Middle Entrepreneteur should be described in this paper.

Keywords:

innovation, technology, k - wave.