scholarly journals FEATURES OF FORMING THE FINANCIAL STRATEGY OF SMALL BUSINESSES

THE BULLETIN ◽  
2021 ◽  
Vol 6 (394) ◽  
pp. 94-98
Author(s):  
E.M. Tileubergenov ◽  
Sh.S. Saduakasov ◽  
R.K. Konuspayev ◽  
N.L. Seitakhmetova
Keyword(s):  
Small Businesses ◽  
Financial Strategy

scholarly journals Interactions between business and financial strategies in Serbian companies

2014 ◽  
Vol 59 (203) ◽  
pp. 55-74 ◽  
Author(s):  
Djordje Kalicanin ◽  
Miroslav Todorovic
Keyword(s):  
Small Businesses ◽  
Business Strategy ◽  
Financial Risk ◽  
Order Theory ◽  
Current Level ◽  
Business Strategies ◽  
Financial Strategy ◽  
Pecking Order Theory ◽  
General Managers ◽  
Financial Strategies

We surveyed financial and general managers of 58 companies in Serbia in order to examine their views on the interactions between business and financial strategies. Although the theoretical views are well known and clear, in practice, when there is limited availability of funding sources, a meaningful combination of business and financial risk can be very difficult. We found moderate interactions between business and financial strategies. Managers of companies in Serbia are very aware of the fact that the high volatility of operating profit suggests that they should limit borrowing. However, ordinary practical problems in day-to-day operations, such as long periods of collection of accounts receivable, force the companies to take additional debt. There are significant differences between the views of managers of large companies and managers of small businesses on how business strategy dictates financial strategy. However, firm size is not relevant to the current level of debt, although earlier decisions on business strategy in terms of diversification and internationalization are relevant to the level of leverage. Somewhat surprisingly, the current level of debt does not affect the intended financial strategy in the sense of the managers? preferences to take additional debt to finance possible diversification and internationalization or other high-risk financially demanding business strategies. As the pecking order theory advocates, managers have a strong tendency towards internal financing.

The Financial Development of Portuguese Entrepreneurial Businesses

2016 ◽  
pp. 1-19
Author(s):  
Inna Sousa Paiva
Keyword(s):  
Financial Development ◽  
Small Businesses ◽  
Service Providers ◽  
Policy Implications ◽  
Entrepreneurial Firms ◽  
Financial Strategy ◽  
Policy Makers ◽  
The Family

Entrepreneurial firms commonly become family small businesses. This study aims to highlight the financial strategy underlying the development of smaller family companies. A brief introduction about the definition and role of the family business is followed by a review of the debate on the finance gap that puts constraints on the survival and long-term growth and prosperity of smaller privately companies. Evidence is drawn from a database of smaller firms with family owner-managers in Portugal, in order to determine their attitudes towards and experiences of venture capital and financing and other capital options. We conclude by discussing some tentative policy implications for regional development from the perspective of owner managers, service providers and policy-makers.

scholarly journals On a New Approach to Formation of a Strategy of Developing Small Businesses

2019 ◽  
Vol 29 (3) ◽  
pp. 484-490
Author(s):  
Boris Turenko ◽  
Tatyana Turenko
Keyword(s):  
Development Strategy ◽  
Small Businesses ◽  
Point Of View ◽  
Small Enterprises ◽  
Financial Strategy ◽  
Strategy Formation ◽  
New Approach ◽  
Points Of View ◽  
Further Development

An enterprise operating in terms of market economy must always set itself the task of further development and improvement in order to be successful and competitive. To solve this problem, it is necessary to produce a development strategy. This problem is all the more relevant for small enterprises, which find it more difficult than large enterprises to survive in the competition. Therefore, small businesses face the task of developing and implementing such a strategy for their development, which allows them to clearly define their goals and outline the ways to achieve them. The article considers various points of view on the concept of «strategy», the classification of strategies that exist in the scientific literature, including those applied to small businesses, brings forth the authors' point of view on this concept. It pays a particular attention to the proposed approach to the process of strategy formation and the mechanism of its implementation in relation to small businesses. It makes a conclusion that on the basis of the systematic approach the strategy under development should be comprehensive and include such elements as marketing, product, production, personnel, management, financial strategy and risk strategies. It brings forth a description of the content of each element. It examines an algorithm for developing an integrated strategy for development of small businesses, as well as a mechanism for implementing the strategy.

Small Industry, Gimmicks and Moscow Statistics, or How the Small Russian Enterprise Came into the World (Russian Physiological Sketch, 1830-1840)

2009 ◽  
pp. 123-129
Author(s):  
Yu. Golubitsky
Keyword(s):  
Small Businesses ◽  
Statistical Data ◽  
Russian Enterprise ◽  
Small Enterprises ◽  
Business Practices ◽  
Way Of Life ◽  
The World ◽  
Small Industry ◽  
Xix Century

The article considers business practices of Moscow small industry in the XIX century, basing upon physiological sketches of N. Polevoy and I. Kokorev, statistical data and the classification of professions are also presented. The author claims that the heroes of the analyzed sketches are the forefathers of Moscow small businesses and shows what a deep similarity their occupations and a way of life bear to the present-day routine existence of small enterprises.

The effect of credit guarantee on creating employment and keeping employees of small businesses

2014 ◽  
Vol 34 (1) ◽  
pp. 29-58
Author(s):  
Sung-ho Kang ◽  
Chang-Kyun Chae ◽  
오승현 ◽  
문외솔 ◽  
Chong Ook Rhee ◽  
...  
Keyword(s):  
Small Businesses ◽  
Credit Guarantee

Matching Innovation Strategy to the Lifecycle of the Firm

2018 ◽  
Vol 18 (3) ◽  
pp. 42-49
Keyword(s):  
Small Businesses ◽  
Exploratory Study ◽  
Innovation Strategy ◽  
Future Directions ◽  
Innovation Strategies

This exploratory study looks at the innovation strategies employed during specific stages of the firm lifecycle for small businesses. The study locates and uncovers seven themes surrounding the intersection of innovation strategies and the different stages of the firm. In so doing, future directions to answer the questions uncovered by this exploratory study are suggested.

Menumbuhkan Jiwa, Perilaku dan Nilai Kewirausahaan Dalam Meningkatkan Kemandirian Bisnis

MBIA ◽  
2019 ◽  
Vol 17 (2) ◽  
pp. 23-32
Author(s):  
Deddy Hendarwan
Keyword(s):  
Small Businesses ◽  
Positive Influence ◽  
External Factors ◽  
Entrepreneurial Behavior ◽  
Environmental Pressures ◽  
Entrepreneurial Spirit ◽  
Internal And External Factors ◽  
And Behavior ◽  
Ownership Rights ◽  
Attitudes And Behavior

Attitudes and behaviors are the unity of a person's character which is formed by habit everyday. Entrepreneurial behavior is influenced by internal and external factors. These factors are ownership rights (property right, PR), abilities / competencies (competency / ability,), and incentives while external factors include the environment thus Attitudes and behavior can be changed by oneself and / or there are environmental pressures / influences. there is an influence from within themselves and from outside the environment to associate then grow indi attitudes and specific behaviors. It is necessary to anticipate small businesses’ difficulties by conducting an empirical study  on  the  entrepreneurial  spirit,  entrepreneurial  values,  and  assessment  of entrepreneurial behavior that may affect the realization of independence efforts. This study  aims to  analyze the  influence of  entrepreneurial spirit  and entrepreneurial values on entrepreneurial behavior to create business independence. The findings show that the entrepreneurial spirit has a direct positive influence on entrepreneurial behavior and positive indirect effect on the business independence.

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