Bulletin of
Vitebsk State
Technological
University

Abstract

The relevance of this topic stems from the need to support and develop youth entrepreneurship as a key factor of economic growth and social stability. The study of business models within the context of youth entrepreneurship enables the identification of unique features and trends inherent to this group of entrepreneurs. The concept of a business model and its components plays a significant role in entrepreneurship research. In contemporary literature, various concepts of business models exist, but a unified perspective has yet to be established. The lack of a unified theoretical approach to understanding the essence of a business model creates difficulties in their study and evaluation. Hence, it is legitimate to analyze existing approaches to form an author's definition of a business model in youth entrepreneurship.

The purpose of this paper is to comprehensively analyze the business models employed by youth entrepreneurship subjects and to gain in-depth understanding of the factors affecting their construction.

Theoretical approaches to understanding the business model of youth entrepreneurship are developed, highlighting its features, which include the following elements: innovative approaches, the use of modern technologies, flexibility and adaptability. The essence of organizational culture is examined, approaches to its diagnostics are revealed, and the author's methodology for organizational culture diagnostics based on expert surveys is developed and tested. As a result of the survey the peculiarities of organizational culture of youth entrepreneurship and its differences from corporate management are identified. The survey confirms that organizational culture plays an important role in companies of any size. It is accurate to state that organizational culture in youth entrepreneurship entities has distinctive features compared to the traditional business model of corporate governance. These differences manifest in aspects such as flexibility and speed of decisionmaking, attitude towards risk, leadership style, and the definition of the company's goals and values. Young entrepreneurs often create a more dynamic and adaptive organizational culture that allows them to respond quickly to market changes and innovate.

Business model of youth entrepreneurship entities: conceptual foundations, features, and empirical assessments