HIGH-TECH ENTREPRENEURSHIP IN DEVELOPING COUNTRIES: WAY TO SUCCESS

High-tech industry is one of the most perspective and promising areas. Moreover, hightech are core component of entrepreneurship. Hence, development of successful high-tech projects may open new horizons for entrepreneurs. Research considers using of project management tools as a factor for development high-tech projects that may be a key of successful entrepreneurship. The study investigates conditions for successful development of high-tech projects that ensure innovative entrepreneurship in developing countries. Lack of technological knowledge and lack of high-qualified human resources make it difficult to achieve high-tech project success in developing countries. Kazakhstan was chosen as representative of developing countries. Study compares project success level and factors that affect to success of high-tech projects in developing countries and developed countries. Japan was chosen as developed countries representative. The objective of the study is to identify which factors affect to high-tech project success in developing countries from the viewpoint of project management. Literature review reveals a luck of researches about how developing countries run their high-tech projects. Research findings show that high-tech projects run by project managers differently in developing countries than in developed countries, and, accordingly, success level is much lower in developing countries. For example, Kazakh managers show worst result in cost overrun (25.96%) and in schedule overrun (32.9%). These results impacted by low extent of use cost and time planning processes. It may be due to the specific national culture, that describe Kazakh managers as don’t focused on time management. In addition, Kazakhstani projects` results related to other two dimensions of success as technical performance (3.9) and customer satisfaction (4.8) are lower than in developed country. Furthermore, study reveals specific knowledge areas of project management that high correlated with project success dimensions. Thus, critical knowledge areas for hightech project success in developing countries as Kazakhstan are project integration and scope management, communication management, risk and quality management. Study suggests to focus on these factors during high-tech project management in developing countries, because these factors have significant impact on high-tech project success dimensions