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Santa Bondare, Tatjana Volkova, Edgars Bondars and Sarmīte Barvika

Abstract

This paper highlights the current critical business challenges in the architecture industry. The initial study reviews the latest statistics of the architecture industry, research findings in the discipline of architecture management, knowledge and education gaps, as well as current business needs and development perspective. The review of the Latvian architecture industry based on publicly available data and the opinion of professionals concerning the business needs of the architecture industry is used as a case study.

The main recommendations for architecture industry professionals are related to necessity to improve the architects’ awareness and understanding of the influence of critical business functions to the company performance results, and application of most advanced management tools in architecture industry for ensuring business viability. The paper is highlighting the need for further research on critical business functions directly linked with specific aspects of architecture industry in different business contexts.

Open access

Veronika Bikse, Inese Lusena-Ezera, Baiba Rivza and Tatjana Volkova

Abstract

This paper aims to investigate the experience and to identify the drivers of transforming traditional universities into Entrepreneurial Universities for ensuring sustainable higher education in Latvia. Due to the wide scope, Entrepreneurial University characteristics, the present research study is limited and focuses on the university providing access to students to business incubation facilities, relationships with business incubators for students, as well openness of university to collaboration and knowledge co-creation with its external stakeholders. Analyses of the experiences of universities of Latvia business incubators providing services to students, as well cooperation between higher education institutions (HEI) and local governments and entrepreneurs show that there is a positive trend. In opposite, such a trend can’t be observed towards building Entrepreneurial Universities in Latvia over the past 5 years. The results of the survey show that there is a need put higher efforts to assist young entrepreneurs in building cooperation networks and strengthening knowledge co-creation with external stakeholders.