The Impact of IT Risks on the Development of Innovative Start-Up of Mining Enterprises

¹ Bronislaw Markiewicz State Higher School of Technology and Economics in Jaroslaw, Czarnieckiego St., 16, 37-500 Jaroslaw, Poland
² ISMA University, 1 Lomonosova Str., Bld.6, LV-1019, Riga, Latvia

^* Corresponding author: m.petrova@ts.uni-vt.bg

Abstract

This study aims at presenting IT risks, the materialization of which can have impact on business activity of innovative enterprises, including start-ups. We need to emphasize that such enterprises are largely associated with the use and implementation of modern technologies in various sectors of the economy. We also need to underline that enterprises of this type to an ever-greater extent act as an impulse triggering innovativeness of the economy as seen from the national and international perspective. Therefore, risk limitation in the enterprise development process, especially in the field of IT, may be an element that supports reaching the product scaling stage and working out an optimal business model, which stands as a chance of achieving market success and competitive advantage. As indicated by researchers, start-ups identify IT risks within the area of their activity and undertake actions aimed at limiting them.