Positive Approaches and Practices for Sustainable SME Development in the COVID-19 Context

2021 ◽  
pp. 403-429
Author(s):  
Elena Viktorovna Burdenko ◽  
Elena Vyacheslavovna Bykasova
Keyword(s):  
Industrial Production ◽  
Service Industry ◽  
Negative Impact ◽  
Food Service ◽  
Economic Sectors ◽  
Financial Condition ◽  
Russian Economy ◽  
Fitness Industry ◽  
Domestic Tourism ◽  
Positive Practices

The chapter is dedicated to the research and analysis of positive practices implemented by small and medium-sized enterprises (SMEs) in Russia amid the COVID-19 pandemic. From 2016 to 2019, small and medium-sized business has most developed in such spheres as services, trade, construction, industrial production, and agriculture. The introduction of strict quarantine measures had a negative impact on the financial condition of all economic sectors; therefore, the most affected industries of the Russian economy have been identified. The chapter considers the positive practices used by SMEs operating in the affected industries such as tourism and hotel business, food service industry, and fitness industry. When the borders were closed and after the lifting of severe restrictions, domestic tourism saw the fastest development. The research that was carried out showed that amid strict isolation, only food service establishments that managed to adopt a new mode of services—connection to aggregators, organization of meals delivery to clients, take-away orders—were able to continue operating.

PLATFORMS FOR THE DEVELOPMENT OF THE FINANCIAL MARKET IN THE DIGITAL ECONOMY

2021 ◽  
pp. 91-99
Author(s):  
Polina S. Chernyshova ◽  
◽  
Vyacheslav V. Burlakov ◽  
Keyword(s):  
Financial Market ◽  
Mobile Communications ◽  
Financial Services ◽  
Technology Development ◽  
Negative Impact ◽  
Digital Economy ◽  
The State ◽  
Economic Life ◽  
Financial Condition ◽  
Russian Economy

Significant changes taking place in the economic life of the state and society are associated with the active and widespread development and spread of the digital economy. The Internet, personal computers, smartphones, mobile communications, artificial intelligence, robotics and much more have become an integral part of the life of our society. The digital economy development has a significant impact both on the economy as a whole and on its individual segments: the engineering and technology development is accelerating, the boundaries between various fields of activity are blurring and significant changes in the activities of enterprises and workers are taking place. Thanks to digitalization, it became possible to identify various risks which are associated with activities and which can have a negative impact on the development of the entire financial market. One of the markets actively involved in the development of digital technologies is the financial market, which is a combination of the credit, investment, insurance, and stock sectors. In fact, the financial market is a significant indicator of the state of the entire Russian economy. In connection with the above, it is not accidental in the strategy of the Bank of Russia that it strives to develop platforms for the “digitalization” of the financial market. The development of platforms is necessary to create a competitive and trusting environment in the financial market, to maintain its stable financial condition, as well as to ensure the capital and financial services availability. In addition, the development of such platforms provides significant economic and financial benefits for variSignificant changes taking place in the economic life of the state and society are associated with the active and widespread development and spread of the digital economy. The Internet, personal computers, smartphones, mobile communications, artificial intelligence, robotics and much more have become an integral part of the life of our society. The digital economy development has a significant impact both on the economy as a whole and on its individual segments: the engineering and technology development is accelerating, the boundaries between various fields of activity are blurring and significant changes in the activities of enterprises and workers are taking place. Thanks to digitalization, it became possible to identify various risks which are associated with activities and which can have a negative impact on the development of the entire financial market. One of the markets actively involved in the development of digital technologies is the financial market, which is a combination of the credit, investment, insurance, and stock sectors. In fact, the financial market is a significant indicator of the state of the entire Russian economy. In connection with the above, it is not accidental in the strategy of the Bank of Russia that it strives to develop platforms for the “digitalization” of the financial market. The development of platforms is necessary to create a competitive and trusting environment in the financial market, to maintain its stable financial condition, as well as to ensure the capital and financial services availability. In addition, the development of such platforms provides significant economic and financial benefits for various participants in the financial market, which will positively affect the entire economy development.

scholarly journals DEVELOPMENT OF UNEMPLOYMENT IN SLOVAKIA IN THE CONTEXT OF THE COVID-19 PANDEMIC

2020 ◽  
Vol 14 (2) ◽  
pp. 114-123
Author(s):  
Lucia Svabova ◽  
Zdenko Metzker ◽  
Tomasz Pisula
Keyword(s):  
Real Estate ◽  
Unemployment Rate ◽  
Service Industry ◽  
Food Service ◽  
Support Service ◽  
Service Industries ◽  
Strong Impact ◽  
Economic Sectors ◽  
The Individual ◽  
The Impact

The Covid-19 pandemic has affected all areas of our lives. The non-pharmaceutical anti-pandemic measures taken by the governments of the countries to reduce the number of people infected or reverse adverse developments also have a strong impact on the economic side of citizens' lives. The shutdown measures put an end to the activities of many entrepreneurs, who had to lay off their employees. Thus, the Covid-19 pandemic is a major reason behind the rising unemployment. This is also the case in Slovakia. Since March 2020, when the first measures came into force, the registered unemployment rate has been rising. The highest inflow of new jobseekers occurred in April 2020. In this article, we discuss development of the unemployment rate and of the numbers of newly registered jobseekers in Slovakia during the period from November 2019 to October 2020 and examine in more detail the impact of the shutdown measures on the development of the number of jobseekers in Slovakia and on the individual economic sectors according to the NACE classification. It was confirmed that these measures had the greatest impact on the sectors that are also the most publicized, such as the accommodation and food service industry, real estate, administrative and support service industry, arts, entertainment and recreation and other service industries. In these sectors, the number of new unemployment claims increased several times, especially in April 2020, and in some of them, the rate of the new unemployment claims has not returned to last year’s values or those from the beginning of 2020.

Financing of regional projects for digital development of the economy and individual industries of Russia

2020 ◽  
Vol 26 (3) ◽  
pp. 615-629
Author(s):  
V.N. Edronova
Keyword(s):  
Financial Support ◽  
Federal District ◽  
Digital Economy ◽  
Economic Sectors ◽  
Strategic Objectives ◽  
Russian Economy ◽  
Digital Development ◽  
Regional Project ◽  
Passport Data ◽  
Regional Projects

Subject. This article analyzes the current level and prospects for the digitalization of the Russian economy as a whole, depending on investments in the digital economy and individual economic sectors of the regions. Objectives. The article aims to investigate the financial support of regional projects and assess the results of digitalization in the regions of the Volga Federal District. Methods. For the study, I used the methods of assembling, analyzing, and generalizing of the regional project passport data. Results. The article presents the results of the regions' digital development, a summary assessment of the volume and structure of the planned financial investments in the digital development of the Volga Federal District entities, and identifies their features, general and distinctive characteristics by region, digitalization area, and source of funds. Conclusions and Relevance. All the regions under study have developed the passports of regional projects to digitalize the economy and are increasing their digital potential with varying degrees of activity. The financial support of projects differs significantly in volume and structure of financing, depending on the financial capabilities of a particular region and the strategic objectives set. The findings can be used in further research to assess the financial components of the digital economy and are of interest to scientists, undergraduates, and graduate students whose research is related to the digital economics, as well as specialists in regions involved in the implementation of regional projects.

Program-Target Budgeting as a Tool for Investment Stimulation of Business

2018 ◽  
Vol 11 (3) ◽  
pp. 77-82 ◽  
Author(s):  
A. I. Masterov
Keyword(s):  
Current Practice ◽  
Negative Impact ◽  
Key Factors ◽  
Economic Sectors ◽  
State Budget ◽  
Research Findings ◽  
The Subject ◽  
Program Budgeting ◽  
Large Investment ◽  
Stimulation Of

The paper discusses the use of the program-targeted budgeting methodology in the investment stimulation of business in the most problem sectors of the economy. The subject of the study is the dynamics of business activity in key economic sectors adversely affected by factors of the economic and geopolitical nature. The purposes of the study were to identify the key factors that have a negative impact on economic growth and seek options for investment stimulation of business activities in the most problem sectors of the economy using state budget funds. It is concluded that the current practice of budget investment is associated with significant risks and poor justification of investment decisions. Therefore, the American practice of the program budgeting in the implementation of large investment infrastructure projects using budget funds seems to be advantageous. Based on the research findings, methods for increasing the effectiveness of program-target budgeting tools under the Russian conditions are proposed.

Effect of minimum wage in the food service industry domain

2019 ◽  
Vol 31 (1) ◽  
pp. 265-278
Author(s):  
Bohyun Yoon ◽  
Joonho Moon ◽  
Won Lee
Keyword(s):  
Minimum Wage ◽  
Service Industry ◽  
Food Service

Environmental innovation and the food, energy and water nexus in the food service industry

2021 ◽  
Vol 166 ◽  
pp. 105350
Author(s):  
Fabricia Silva da Rosa ◽  
Rogério João Lunkes ◽  
Francesca Spigarelli ◽  
Lorenzo Compagnucci
Keyword(s):  
Service Industry ◽  
Food Service ◽  
Environmental Innovation ◽  
Food Energy

scholarly journals Economic uncertainty and tourism consumption

2020 ◽  
pp. 135481662098151
Author(s):  
Canh Phuc Nguyen ◽  
Su Dinh Thanh ◽  
Bach Nguyen
Keyword(s):  
Economic Development ◽  
Theory Of Reasoned Action ◽  
Reasoned Action ◽  
Negative Impact ◽  
Positive Impact ◽  
Tourism Development ◽  
Economic Uncertainty ◽  
Middle Income ◽  
Domestic Tourism

This study examines the influence of economic uncertainty on tourism. The key hypothesis to test is that while economic uncertainty reduces outbound tourism, it may boost domestic tourism due to the economic-stagnant effects. Utilizing the framework of the theory of reasoned action to analyze a global sample of 124 countries over the period 1996–2017, we find some initial evidence showing that an increase in economic uncertainty encourages domestic tourism while reducing outbound tourism in the global sample. Notably, while these effects are consistent in the upper-middle-income economies, an increase in uncertainty has a positive impact on both domestic and outbound tourism in lower-middle-income economies and a negative impact on both domestic and outbound tourism in higher-income economies. The key implementation of this study is that tourism development is not always associated with economic development and stability; sometimes it could be a signal of economic stagnancy and inactiveness.

scholarly journals Estimation of the Scale of Food Waste in Hotel Food Services—A Case Study

2021 ◽  
Vol 13 (1) ◽  
pp. 421
Author(s):  
Marzena Tomaszewska ◽  
Beata Bilska ◽  
Agnieszka Tul-Krzyszczuk ◽  
Danuta Kołożyn-Krajewska
Keyword(s):  
Food Waste ◽  
Hospitality Industry ◽  
Negative Impact ◽  
Food Service ◽  
Food Services ◽  
Plate Waste ◽  
Diary Method ◽  
Raising Awareness ◽  
Dining Room

The problem of food waste in food services, which is global and essentially affects the entire world, is a major challenge for the hospitality industry. At the same time, it should be noted that this problem has not been sufficiently studied, which makes it difficult to reduce it effectively. The study was carried out in four hotels in late 2019 and early 2020. In order to determine the scale of food waste, the diary method was used, which consists of systematically recording, for seven days, in forms prepared for workstations, the weight of all food products and unused food, including the stage of the technological process. In the hotels under study, most food was wasted in the serving department, i.e., in the buffet in the dining room or in the form of plate waste (on average 72.55% of wasted food). After taking into account the number of hotel guests served, it was found that in the investigated facilities, an average of 0.046 kg was wasted from each serving offered to guests in the form of plate waste, which constituted 5.8% of its weight. In sum, it should be stated that in order to reduce food waste, it is necessary to educate both food services staff and consumers. Employees should be trained in the proper handling of food. Consumer education, on the other hand, should be directed toward raising awareness of the negative impact of food waste, such as that on the natural environment. In addition, it should indicate what action everyone can take to limit this negative phenomenon, whether at home, in the workplace, or in a food service establishment.

Sign in / Sign up

Export Citation Format

Share Document