Risks and threats to the economic security of small businesses

2020 ◽  
pp. 41-47
Author(s):  
С.В. Банк
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Business Environment ◽  
Economic Security ◽  
Economic Life ◽  
Market Position

В современной практике малого бизнеса риски и угрозы оцениваются в качестве критериев изнутри и извне среды предпринимательства, которые могут оказать воздействие на сложившийся баланс хозяйствования либо даже разрушить, что знаменует утрату для бизнеса и возникновение опасности, которая в экономической жизни отражается утратой большей доли активов, уходе с рыночной позиции и даже банкротстве. In modern practice of small business, risks and threats are assessed as criteria from inside and outside the business environment, which can affect the current balance of management or even destroy it, which marks a loss for business and the emergence of danger, which in economic life is reflected in the loss of a larger share of assets, care from a market position and even bankruptcy.

Characteristics of the ERP Systems Designed for Managing Small Businesses

2021 ◽  
Vol 13 (2) ◽  
Author(s):  
Petar Hlebarov
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Business Environment ◽  
Business Organizations ◽  
Erp Systems ◽  
Small Organizations ◽  
Business In Society

This article mainly aims to introduce the particular charactersitics of the ERP systems, used for managing small businesses, by answering several basic questions related to this topic: What do we generally understand by ERP systems? What is the essence of ERP for small business? What is the role of ERP for small business? What do we understand by small business? What are the characteristics of small business? What is the role of small business in society? What are the basic problems of small business? What is today’s business environment? In this respect, the report introduces the essence and the role of the ERP systems used for managing small business organizations in a structured and summarized way. It shows how the specific characteristics of small business and today’s business environment affect the ERP configurations, compared to those used in large organizations. At the end of the paper, a summary is provided of the characteristics of the ERP systems used for managing small organizations.

scholarly journals THE EVALUATION OF THE EXPEDIENCY’S DEVELOPMENT AND SUPPORT OF SMALL INNOVATIVE ENTREPRENEURSHIP IN RUSSIA

2018 ◽  
Vol 6 ◽  
pp. 309-313 ◽  
Author(s):  
Anzhela Litvinova ◽  
Denis Paleev
Keyword(s):  
Small Business ◽  
Russian Federation ◽  
Small Businesses ◽  
Business Processes ◽  
New Technologies ◽  
Business Environment ◽  
Government Support ◽  
The Russian Federation ◽  
The Government ◽  
Business Entities

This article analyzes the situation of innovative approaches to building business processes and interaction between universities, the government,  and representatives of the business environment. A methodology is proposed by the authors for calculating the feasibility of government support for small innovative enterprises (SIEs) as independent small business entities organized at higher educational institutions of the Russian Federation, the activities of which are aimed at research, development, implementation, and commercialization.The importance and role of small innovative entrepreneurship in the economy of the country and large cities is becoming the main world trend. Russia is trying to match its innovation strategy in small business, but the success is, unfortunately, still negligible. On the part of the government, millions of rubles are allocated to support small innovative entrepreneurship, as well as the construction of technology parks, the creation of business incubators, technological laboratories, and platforms being organized at universities in order to ensure the implementation of innovative projects. In accordance with the Federal Law of the Russian Federation No. 217-FL of August 2, 2009, universities were able to register small innovative enterprises on their territory as independent small businesses in the sphere of innovative development, whose activities are focused mainly on the commercialization of intellectual property objects and their active promotion in the market.Nevertheless, the implementation of new technologies and know-how is associated with greater risks of SIEs and needs a methodical approach to assess the appropriateness of providing government support to such enterprises. We are going to consider and calculate the indicator of the feasibility of government support for a small innovative enterprise in the amount of 50 million rubles for a period of five years for its development and will prove the increase in the efficiency of the enterprise and the possibilities for its development through the government support mechanisms for innovations.

A Look at the Future

2009 ◽  
pp. 275-301
Author(s):  
Stephen Burgess ◽  
Carmine Carmine Sellitto ◽  
Stan Karanasios
Keyword(s):  
Small Business ◽  
Diffusion Process ◽  
Small Businesses ◽  
Role Models ◽  
Critical Mass ◽  
Business Environment ◽  
Early Adopters ◽  
Web Presence ◽  
Cumulative Curve ◽  
Business Entities

This chapter serves to raise an awareness of some of the more cutting edge Internet innovations and applications that may become viable and useful to the small business operator in future. The chapter focuses on some of the new and emerging forms of technologies that the authors have identified as potentially affecting the Web presence. Consequently, the topic areas and content examined in the chapter does not claim to be all encompassing or prescriptive. Some of the innovations examined are nascent and may not progress to a critical mass for general adoption, whilst others tend to be used by larger business entities, possibly requiring a re-configuration if they are to be successfully used in the small business environment. Arguably, many if not all would in some way impact on the business Web presence if they were to be adopted in future. An examination of the adoption and use of new forms of technology and ideas - or innovations as they are sometimes referred - can be assisted by examining how the early adopters use these innovations. This was briefly discussed in Chapter IV. The concept of innovation adoption and the importance of early adopters is well documented by Rogers (1995). The Rogers’ paradigm describes how innovations advance, or diffuse, through a population either to be adopted or to be rejected. The successful diffusion of an innovation generally follows the S-shaped rate of adoption when a cumulative curve is plotted. The cumulative S-shaped rate of adoption curve is depicted in Figure 1 showing the relationship between the adopters and late-adopters over a period of time. Generally, the adoption of the innovation by the early adopters results in an adoption curve that is reasonably flat. However, as more members of a business group adopt the innovation, the curve ‘takes off’, with the advent of late adopters signalling the innovation has diffused through that particular group. Clearly, for the small business operator an indicator of an innovation that may be associated with a Web presence can be closely allied in the identification of the early adopters. The early adopters are important in the diffusion process as opinion leaders - where potential adopters look to them for advice and information, as well as best practices to emulate. Moreover, the early adopters are considered to be the individuals to investigate or analyse before using a new idea, tending to serve as role models for many others. Early adopters can be deemed to be the most important constituent in the innovation-diffusion process because they decrease uncertainty about a new idea or technology, and as a consequence convey a message of acceptance and effectiveness to peers (Rogers 1995). According to Norman (1998), the early users of an innovation provide the experience for the late adopters to observe and to learn from. Norman further suggests that even though these early users are relatively few in number, they are the drivers of a technology and can provide examples of how and why that innovation can be used. Arguably, the small business operator by conducting an examination within their own industry for the specific use of new forms of Web-related technology will identify a set of industry early adopters from which they themselves can learn from. Small businesses have been known to be conservative in nature in relation to their use of ICTs, so many feel quite comfortable with the notion of waiting until the early adopters have been successful or otherwise. Of course, if the adoption has been successful they do not necessarily achieve the same level of benefits (often resulting in competitive advantage) that early adopters realise, but at the same time they are not taking the same risk with an unknown technology. Often, the late adopter is forced to adopt the technology as it has diffused through the majority of the industry as is regarded as a requirement by business partners or customers.

scholarly journals Small business environment and development problems in the Russian Federation

2021 ◽  
Vol 244 ◽  
pp. 10043
Author(s):  
Nina Kuznetsova ◽  
Antonina Ilyina ◽  
Maxim Mironov ◽  
Antonina Korolkova ◽  
Tatiana Marinchenko
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Agricultural Production ◽  
Agricultural Sector ◽  
Business Environment ◽  
Small Business Development ◽  
The Russian Federation ◽  
Environment And Development ◽  
State Programs

The article presents an analysis of the small business environment and development in Russia, discusses state programs for the development of small and medium-sized businesses, a system of measures to support small businesses in the agricultural sector of the economy, and the role of franchising as one of the areas of small business development. The main problems of the development of small agribusiness, the introduction of innovations and the digital transformation of agricultural production in small export-oriented entrepreneurship are identified. The measures to improve the efficiency of small businesses, including these during the COVID-19 pandemic, are described.

scholarly journals The impact of COVID-19 on small business outcomes and expectations

2020 ◽  
Vol 117 (30) ◽  
pp. 17656-17666 ◽  
Author(s):  
Alexander W. Bartik ◽  
Marianne Bertrand ◽  
Zoe Cullen ◽  
Edward L. Glaeser ◽  
Michael Luca ◽  
...  
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Economic Security ◽  
Business Outcomes ◽  
Mass Layoffs ◽  
Experimental Variation ◽  
Expected Length ◽  
Business Resilience ◽  
The Impact ◽  
Aid Relief

To explore the impact of coronavirus disease 2019 (COVID-19) on small businesses, we conducted a survey of more than 5,800 small businesses between March 28 and April 4, 2020. Several themes emerged. First, mass layoffs and closures had already occurred—just a few weeks into the crisis. Second, the risk of closure was negatively associated with the expected length of the crisis. Moreover, businesses had widely varying beliefs about the likely duration of COVID-related disruptions. Third, many small businesses are financially fragile: The median business with more than $10,000 in monthly expenses had only about 2 wk of cash on hand at the time of the survey. Fourth, the majority of businesses planned to seek funding through the Coronavirus Aid, Relief, and Economic Security (CARES) Act. However, many anticipated problems with accessing the program, such as bureaucratic hassles and difficulties establishing eligibility. Using experimental variation, we also assess take-up rates and business resilience effects for loans relative to grants-based programs.

scholarly journals MEANINGS OF SMALL BUSINESS AND ITS MANAGEMENT

2017 ◽  
Vol 19 (4) ◽  
Author(s):  
VLĂDUŢ-SEVERIAN IACOB ◽  
ROXANA MIRONESCU
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Economic Life ◽  
For Profit ◽  
Market Requirements ◽  
Flexible Management ◽  
Large Enterprises

<p>To achieve the goals, small businesses operate less formally entering into the area inaccessible resources or insignificant for large enterprises. Having flexible management, small business folds easily to market requirements, this way it discovers more opportunities. They are important in the economy of any country being considered the main creator of jobs. The arguments of implementing such an undertaking are the opportunity for profit in a particular activity by people with initiative. This study aims to induce the reconsideration of the small business’ role of in economic life by detailing interesting aspects, but especially useful for understanding this "phenomenon", especially in Romania.</p>

scholarly journals Trends in the development of crowdfunding in the domestic business environment

2021 ◽  
Vol 23 (97) ◽  
pp. 31-35
Author(s):  
N. Radukh
Keyword(s):  
Small Businesses ◽  
Large Scale ◽  
Positive Impact ◽  
Business Environment ◽  
Economic Life ◽  
Internet Technologies ◽  
Advantages And Disadvantages ◽  
Macroeconomic Indicators ◽  
Project Monitoring ◽  
Short Time

The article examines the interpretation of the economic essence of crowdfunding by various scholars, its features and foreign experience of application in financing ideas and projects in various spheres of socio-economic life. In the context of globalization the opening of new markets and opportunities, intensification of capital exchange processes, the use of innovative financial solutions can have a positive impact on national competitiveness and attract small businesses and individuals with innovative ideas but do not have sufficient financial resources for their development and implementation. It is described that crowdfunding is a fundraising tool that with the help of Internet technologies allows to receive investments in a short time from a large number of people to support small or medium business projects, while crowdfunding participants are: project authors, project donors, Internet workers and the state as a regulator of these relations. The main indicators that need to be analyzed if you want to use crowdfunding as a tool of alternative financing of self-organizing economic systems, in particular are: analysis of macroeconomic indicators in the country of its application; comparison of risks of economic development and introduction of crowdfunding; creation of state measures to stimulate the economy and ensure information and financial security at all levels of crowdfunding regulation. The main models of crowdfunding that are used in world practice are described: P2P (Peer-to-Peer) for financing of individuals and P2B (Peer-to-Business) for financing of small and medium business. The main advantages and disadvantages of crowdfunding and the possibility of its application in different economies are considered. The advantages are the improvement of the project management process and increase of their efficiency through the establishment of feedback, the efficiency of which increases significantly due to the use of modern Internet technologies, which allows to transfer a significant part of project monitoring functions to investors. The disadvantage of crowdfunding is the impossibility of its application to large-scale projects that require large investments. The Strategy of the Development of the Financial Sector of Ukraine until 2025 has been studied, according to which it is envisaged to improve the regulation of the payment market infrastructure in accordance with EU standards and to create a large number of FinTech companies in Ukraine.

scholarly journals PSYCHOLOGICAL TIME AND ECONOMIC MIND OF ENTREPRENEURS. EVIDENCE FROM SMALL BUSINESS OF RUSSIAN INDUSTRIAL REGION

2021 ◽  
Author(s):  
Ekaterina Zabelina ◽  
◽  
Svetlana Kurnosova ◽  
Ekaterina Vedeneeva
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Positive Attitude ◽  
Economic Life ◽  
Temporal Organization ◽  
Entrepreneurial Activity ◽  
Economic Resource ◽  
Economic Attitudes ◽  
The Future ◽  
The Impact

"Entrepreneurs, as the most active social group sensitive to public mood, perhaps feel the changes in the time of life in a digital society (time pressure illusion) most of all. On the other hand, the very internal temporal organization of a person involved in entrepreneurial activity can determine the characteristics of his or her mind and behavior in the economic sphere. The aim of the study is to reveal the impact of the psychological time of the representatives of small businesses on their economic minds. The study involves 109 representatives of small businesses in various fields (wholesale and retail trade, education, tourism, consulting, production, etc.), registered in the Chelyabinsk region and operating in the Russian Federation (mean age 34.9, 42% male). The respondents completed electronic forms of Inventory of Time Value as an Economic Resource (Usunier), Zimbardo Time Perspective Inventory, Attitudes towards Time (Nuttin), and Inventory of Polychronic Values (Bluedorn). To diagnose the features of the economic mind of entrepreneurs, the Economic Attitudes Questionnaire (Deyneka & Zabelina, 2018) was used. Regression analysis showed that certain components of psychological time (positive attitude to the past, present and future, the value of time as an economic resource) determine the formation of constructive economic attitudes of small business owners, namely the value of independent economic achievements, willingness to invest, unwillingness to sacrifice vocation and health for money, financial optimism. Thus, the lack of fixation on past failures, a positive attitude towards the present and the future, the ability to transfer time into money create a psychological foundation for the formation of entrepreneurs' attitudes in economic life. The results can be used in the consulting of the future entrepreneurs."

scholarly journals SMALL BUSINESS IN UDMURTIA: HISTORY OF FORMATION AND DEVELOPMENT, ROLE IN THE REGIONAL ECONOMY AT THE PRESENT STAGE

2020 ◽  
Vol 30 (5) ◽  
pp. 679-688
Author(s):  
S.V. Radygina
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Business Environment ◽  
Entrepreneurial Activity ◽  
State Support ◽  
Udmurt Republic ◽  
History Of ◽  
Definition Of ◽  
Regional Projects ◽  
History Of Formation

The article considers the concept of entrepreneurship, describes various scientific views on the definition of the economic essence of the concept of entrepreneurship. The article reveals the main economic and social functions of entrepreneurship in Russia at the modern stage of economic development. The level of development of small and medium-sized enterprises in the Udmurt Republic is characterized, the number of employees and the distribution of small businesses in Udmurtia by type of economic activity are analyzed. The history of formation and development of the system of state support for entrepreneurial activity in Udmurtia is described. A detailed description of the current measures of state support and promotion of small business development is given. The article also describes the directions of participation of the Udmurt Republic in the national project “Small and medium-sized entrepreneurship and support for individual entrepreneurial initiative”, within the framework of which five regional projects are implemented: “Acceleration of SMEs”; “Increased access of SMEs to financial support, including concessional financing”; “Popularization of entrepreneurship”; “Improving the business environment”; “Establishment of a system of support for farmers and development of rural cooperation”. In accordance with regional projects, innovative infrastructure organizations provide financial, property and information advice to small business.

scholarly journals ADAPTATION DOMINANTS OF NATIONAL SMALL ENTREPRENEURSHIP DEVELOPMENT

2021 ◽  
Author(s):  
Liudmyla Lukashova
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
International Experience ◽  
Economic Security ◽  
Business Development ◽  
Point Of View ◽  
The European Union ◽  
Small Business Development ◽  
Business Entities ◽  
Definition Of

The purpose of this article is the further development of the theory of adaptation, determining the types of adaptation of business entities and substantiation of the adaptation dominants of the development of national small business within the situational and standard adaptation. The article considers the concept of adaptation, gives the author's definition of adaptation in relation to small businesses, highlights the situational and standard adaptation. Situational adaptation should be understood as the process of gaining change by small businesses that allow them to function better in the current environment, achieve economic security and prevent bankruptcy. Standard adaptation (desired state of the system) to the conditions of the external environment, in which the small business entity operates, is to strive to achieve ideal parameters of the state of the system. The adaptation dominants of the development of national small business in terms of situational adaptation include: adaptation of economic activity of small businesses to the conditions of unstable economic environment; The adaptive dominants of the development of national small business within the framework of standard adaptation are substantiated, namely: adaptation of normative-legal provision of small business development to norms, standards and requirements of the European Union; adaptation of international experience in small business lending to the peculiarities of the national economy; adaptation of the international experience of "economic breakthrough" at the expense of small businesses of the world's leading countries; adaptation of the international experience of facilitation of small business development to the Ukrainian realities. The process of adaptation of the facilitation experience should be preceded by a comparative assessment of the effectiveness of the implemented facilitation measures, which will allow determine their priority and feasibility of implementation in relation to national small businesses. The article examines the adaptive dominants of small business development both from the point of view of a small business entity and from the point of view of state regulatory policy.

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