scholarly journals SOME ASPECTS OF COMPARATIVE ANALYSIS OF SME STANDARDS IN THE EU AND GEORGIA

2020 ◽  
Vol 15 (20) ◽  
pp. 113-118
Author(s):  
Natia Kurdgelia
Keyword(s):  
Comparative Analysis ◽  
Small Business ◽  
Small Businesses ◽  
Small And Medium Enterprises ◽  
Business Sector ◽  
Definition Of ◽  
Medium Enterprises ◽  
Annual Balance ◽  
Annual Turnover ◽  
The Eu

There are different attitudes towards small business definition. Basically, the laws of the countries are based on the criteria on the basis of which this or that enterprise belongs to the small business sector. However, in EU countries, small and medium enterprises are considered as small businesses and they are considered in one context. The concept of small and medium business combines number of employees, annual turnover and annual balance. The official definition of small and medium enterprises in Georgia is partially in line with EU standards. The concepts of small business and micro business are established only in terms of tax policy, while in institutional and quantitative or qualitative terms its definition is not officially definite.

scholarly journals Mitigating the Challenges of Small and Medium Enterprises in Nigeria

2019 ◽  
Vol 2 (3) ◽  
pp. 82-99
Author(s):  
Babandi Ibrahim Gumel
Keyword(s):  
Qualitative Study ◽  
Small Business ◽  
Unemployment Rate ◽  
Small Businesses ◽  
Design Methodology ◽  
Small And Medium Enterprises ◽  
Central Question ◽  
Business Managers ◽  
Medium Enterprises ◽  
Practical Implications

Purpose- The purpose of the paper is to provide owners and managers of small businesses with necessary information about the challenges facing small businesses in Nigeria and present the possible tools, policies, and strategies to mitigate them. Design/Methodology- Using the multi-case qualitative study, managers of successful small businesses narrated in an interview the tools, policies, and strategies they used to mitigate the identified challenges. The study answered the central question: what are the tools, policies, and strategies used by managers of successful small businesses to mitigate the challenges facing their firms? Findings- The findings identified continuous government intervention and support to small businesses as a major tool that reduced the challenges facing the sector. Practical Implications- The information found in this study can be used by small business managers to mitigate the challenges facing small businesses and reduce their massive failure in the economy. Mitigating the challenges facing small businesses in Nigeria will increase the number of successful small businesses, which will result in the reduced unemployment rate in the economy. A reduced unemployment rate in the Nigerian economy will increase the wellbeing of citizens, thereby reducing the unemployment rate in the economy.

scholarly journals STATISTICAL ANALYSIS OF ECONOMIC INDICATORS OF ENTREPRENEURIAL ACTIVITY IN UKRAINE AND HOW TO IMPROVE THEM

2021 ◽  
Author(s):  
Oksana Sudakova ◽  
Alina Bryskina ◽  
Danilo Orel
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Small And Medium Enterprises ◽  
The State ◽  
Economic Indicators ◽  
Entrepreneurial Activity ◽  
Positive Trend ◽  
Industrial Enterprises ◽  
Net Profit ◽  
Medium Enterprises

Nowadays a number of legal, economic and organizational problems related to the implementation of the role of the state in the effective regulation of business development in Ukraine have become relevant. The development of entrepreneurial activity is one of the main prerequisites for the formation and realization of the export potential of the state, its material enrichment and growth of living standards. In modern conditions there is a need for a detailed study of business activity in Ukraine. Using statistical data of the site ukrstat.gov.ua, the economic indicators of small industrial enterprises within the period of 2010-2019 have been analyzed in the article. They are the volume of goods manufactured by enterprises; the volume of goods sold by enterprises; financial results prior to taxation of enterprises; net profit of enterprises. During 2012-2019, the volume of goods sold increased, which has a positive trend and may indicate the development of small industrial enterprises. During 2010-2019 the volume of sold products also has a positive upward trend, due to the excess of the volume of sold products over those produced in 2019. This indicates an excess of demand over supply. Net profit for the entire period of 2010-2019, except for 2018, 2019 has a negative trend, as shown by its negative values, namely the losses of small businesses. The state of entrepreneurial activity in Ukraine is currently unsatisfactory. It is evidenced by the slow growth rate of the number of small enterprises, imperfect market infrastructure and competition, lack of working capital, lack of investment resources, etc. Further development of small business, increasing its competitiveness in both domestic and foreign markets, largely depends on a balanced and sound state policy. Today it is vital to include the development of small business in Ukraine in the overall strategy of economic growth and structural reconstruction of the national economy. To improve and stabilize business activities in Ukraine, the following measures are offered: to apply a flexible system of preferential taxation for medium and small businesses, depending not on the number of those working in them, but on the annual volume (sales) of products, services, works; to constantly reduce the tax burden on small and medium enterprises; to facilitate access of small and medium enterprises to financial resources; to change the microcredit system in the field of small business in Ukraine. The financial and loan system in Ukraine currently offers different conditions and rates for small business loans, which has a particularly negative impact on the work of entrepreneurs in the period of the economic crisis.

The Paradox of Small Business Support: Preliminary Outcomes of the Crisis

2011 ◽  
pp. 149-155 ◽  
Author(s):  
A. Vilensky
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Small And Medium Enterprises ◽  
Russian Regions ◽  
Business Climate ◽  
Business Support ◽  
Economic Parameters ◽  
Medium Enterprises

In Russian regions with the greatest support for small and medium-sized businesses, especially in Moscow, small businesses declined much stronger in the basic economic parameters during the crisis than in other regions. The reasons for this lie in unfavorable business climate and corruption. Therefore, the most important area to facilitate development is transformation of the environment of small and medium enterprises, rather than increasing the volumes of budget funds for their support.

Europejska definicja mikro, małych i średnich przedsiębiorstw jako instrument polityki rozwoju sektora przedsiębiorstw – doświadczenia, postulaty i wnioski na przyszłość

2020 ◽  
pp. 49-60
Author(s):  
Dariusz Kowalski
Keyword(s):  
Small And Medium Enterprises ◽  
Basic Research ◽  
Case Law ◽  
Main Research ◽  
Advantages And Disadvantages ◽  
Legal Method ◽  
Definition Of ◽  
Medium Enterprises ◽  
Specific Definition ◽  
The Eu

The subject of the article is the issue of separating micro, small and medium enterprises (SME) from the general economy which due to their small size encounter market barriers hindering their development. The basic legal instruments in this matter is the definition of the SME sector at the level of the EU regulations. The purpose of the analysis is to look for advantages and disadvantages of the existing definition, as well as to refer to the selected ideas of its modification, considering European Union case law. The main research hypothesis is: regarding the importance of SME’s definition for the EU economy, the changes that must be made in the analysed concept must take into account the existing economic conditions as well as the previously available use of the same definition by the institutions. However, it is equally important to identify the purpose for which the SMEs were separated under a specific definition. The purpose of this separation was to provide support for such SMEs, which they de facto need. The basic research method used in the article is the dogmatic and legal method. Its subject was the analysis of the content of normative acts, the EU case law, as well as reports and analyses in the field of the SME sector.

scholarly journals SMALL ENTERPRISE IN UKRAINE: ASSESSMENT OF SOCIO-ECONOMIC PREREQUISITES AND OBSTACLES FOR DEVELOPMENT

2021 ◽  
pp. 188-203
Author(s):  
G. Yurchik ◽  
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Business Environment ◽  
Business Development ◽  
The State ◽  
Small Enterprise ◽  
Government Agencies ◽  
Business Sector ◽  
Doing Business ◽  
The Eu

The article substantiates an important factor in the socio-economic development of the state is the development of the business sector in general and small businesses in particular. This highlights the need to study the socio-economic preconditions and the state of formation and realization of the potential of small business in Ukraine. The article analyzes the quantitative indicators of small businesses (including those compared to the EU). According to the results of generalizing various surveys and monitoring, the main barriers to doing business in Ukraine are the low purchasing power of citizens, restrictive measures in connection with the pandemic, fiscal pressure, as well as pressure from government agencies, and corruption. It is established that according to the SME policy index, Ukraine, despite some improvement in the environment for the business sector, still has less favorable conditions for business activity compared to the Eastern Partnership countries. Based on the analysis of Ukraine’s rating positions according to a number of indices, it has been established that our state demonstrates the most unfavorable conditions for the development of small businesses according to the index of perception of corruption and economic freedom. Among the trends that indicate the improvement of conditions for the formation and realization of the potential of small business in Ukraine is the increase of Ukraine’s rating position on the indices of ease of doing business and ease of paying taxes. It is proved that the conditions of small business lending in Ukraine, although showing some improvement, still remain unfavorable and hinder the development of small businesses. An important tool for the formation and realization of the potential of small business is its grant support, the most important partner in providing which for Ukraine in the EU. It is proved that Ukraine has a well-developed infrastructure to support small businesses, but the formality of its operation is quite common. According to the criterion of compliance with the principle of predictability in regulatory activities, most government agencies show a fairly low level of predictability, which is a deterrent to business development, as it increases the uncertainty of the business environment. It is proved that despite the presence of a number of problems and deterrents for small business development, Ukraine has a significant number of strengths and opportunities for the formation, development, and realization of small business potential.

scholarly journals FOREIGN EXPERIENCE FOR FINANCING SMALL AND MEDIUM BUSINESS

2019 ◽  
Vol 4 (5) ◽  
pp. 40
Author(s):  
Valentyn Halunko ◽  
Vira Halunko ◽  
Мaryna Savyuk
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Small And Medium Enterprises ◽  
Innovation Activity ◽  
Foreign Experience ◽  
Advantages And Disadvantages ◽  
Foreign Countries ◽  
Credit Mechanism ◽  
Medium Enterprises ◽  
Small And Medium Business

The aim of the article is to study the peculiarities of the financial and credit mechanism of supporting small and medium enterprises in foreign countries with the purpose of identification of key areas for the development of financial and credit support for small and medium enterprises in Ukraine. The subject of the study is the foreign experience of financing small and medium-sized businesses. Methodology. The research is based on a comparison of financial and credit support of small and medium business in Ukraine and in foreign countries. The advantages and disadvantages of different support systems for small and medium-sized enterprises are determined on the basis of an analysis of the specifics of financing small and medium-sized businesses in Germany, the USA, the UK, Italy, Japan, and some other countries. The possibilities and limits of the application of positive foreign experience in this area are determined on the basis of a comparative legal study of certain provisions of Ukrainian legislation. The results of the study showed that the peculiarities of the financial and credit mechanism for supporting small and mediumsized businesses in foreign countries, which were studied, are as follows: the predominance of indirect support methods, provision of state financial help only on a competitive, turnaround, and paid basis; effectively functioning system of state guarantee of loans, which were provided to small businesses by commercial banks (guarantee from 60 to 90% of the loan); creation of a network of special banks, which serve small businesses at different levels; strong financial stimulation for small businesses in their innovation activity; stimulating taxation system and special depreciation procedure; creation of conditions for equal access for all entrepreneurs to information and consulting services (especially on taxation, lending, and insurance issues). Practical implications. The positive experience of financing small and medium business shows that the foreign practice of functioning of the financial and credit mechanism for supporting small business is not based on the fact that, on preferential terms, small enterprises can receive all the necessary financial and credit resources for their development and support small business at all costs. But this practice is aimed to create a favourable economic and legal climate that allows small businesses not only to survive but also to successfully develop. Correlation/originality. A comparative analysis of small and medium business financing systems is the basis for developing the most promising directions for the development of domestic legislation in this field.

scholarly journals FEATURES OF FUNCTIONING OF SMALL BUSINESS IN UKRAINE AND ABROAD

2021 ◽  
Vol 1 (22(50)) ◽  
pp. 11-16
Author(s):  
Olha Demianchuk ◽  
Kateryna Zhuk
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Small And Medium Enterprises ◽  
Developed Countries ◽  
Small Enterprises ◽  
The Sustainable Development ◽  
High Level ◽  
Medium Enterprises ◽  
Favorable Conditions ◽  
The Impact

The article investigates the problems and features of small business functioning in Ukraine and abroad. The importance of small enterprises in the economies of developed countries and the impact on their competitiveness in the context of today's coronacrisis has been analyzed. The criteria for dividing all enterprises into small, medium and large in Ukraine and their comparison with foreign practice are indicated. The "Rating of obstacles" for the development of small and medium enterprises in Ukraine is indicated. The authors identified the factors that negatively affect the continuous functioning of small business and hinder its development. The development of the small business sector and the maintenance of a high level of competition is a key step towards ensuring the sustainable development of the national economy. Small business also contributes to the restructuring of the state, increasing production, creating new jobs and introducing innovative technologies in areas where large business would not be so effective. However, the path to starting a small business is uneven, with many pitfalls and obstacles to jump. Accordingly, the governments of most countries are obliged to support small businesses in any way to protect the economy as a whole. So, in order for small and medium-sized businesses to develop gradually, they desperately need clear and understandable rules of the game in today's market, as well as favorable conditions for uninterrupted operation. To this end, it is necessary to formulate a clear unified state policy on small business, using international experience.

Assessment of small businesses activities in Ukraine

2019 ◽  
pp. 40-47
Author(s):  
Igor Ponomarenko ◽  
Kateryna Volovnenko
Keyword(s):  
Comparative Analysis ◽  
Statistical Analysis ◽  
Small Business ◽  
Small Businesses ◽  
Government Agencies ◽  
Small Enterprises ◽  
The Subject ◽  
Business Entities ◽  
The Impact ◽  
Micro Enterprises

The subject of the research is a set of approaches to the statistical analysis ofthe activities of small business entities in Ukraine, including micro-enterprises. The purpose of writing this article is to study of the features of functioningof small business entities in Ukraine. Methodology. The research methodology isto use a system-structural and comparative analysis (to study the change in thenumber of small enterprises by major components); monographic (when studyingmethods of statistical analysis of small businesses); economic analysis (when assessing the impact of small business entities on socio-economic phenomena andprocesses in Ukraine). The scientific novelty consists to determine the features ofthe functioning of small businesses in Ukraine in modern conditions. The influenceof the activities of the main socio-economic and political indicators on the activities of small enterprises in recent periods of time has been identified. It has beenestablished that there is flexibility in the development of strategies by small businesses in conditions of significant competition, which makes it possible to quicklyrespond to changing situations in specific markets. Conclusions. The use of acomprehensive statistical analysis of small businesses functioning in Ukraine willallow government agencies to develop a set of measures to optimize the activitiesof these enterprises, which ultimately will positively affect the strengthening oftheir competitiveness and will contribute to the growth of the national economicsystem.

Knowledge Management: Case Studies in SMEs and Evaluation of an Integrated Approach

2005 ◽  
Vol 04 (02) ◽  
pp. 95-111 ◽  
Author(s):  
Kuan Yew Wong ◽  
Elaine Aspinwall
Keyword(s):  
Knowledge Management ◽  
Case Studies ◽  
Small And Medium Enterprises ◽  
Integrated Approach ◽  
Business Sector ◽  
Integrated Framework ◽  
Implementation Effort ◽  
Medium Enterprises ◽  
The Way

To date, very few publications have been found that describe how small and medium enterprises (SMEs) are adopting knowledge management (KM). The same is true concerning attempts to develop a framework to help them implement it. To redress this, this paper presents the results of four case studies conducted in UK SMEs to examine their KM implementation effort. In addition, a new integrated framework developed by the authors was evaluated to determine its applicability in this business sector. The methodology employed to conduct the studies is described and each of the cases is then presented. The results are analysed and key lessons or findings gathered from the companies are highlighted. Comments received from the companies with respect to the integrated framework were positive and favourable. It is hoped that the information accrued from the case studies, together with the integrated framework, will help to pave the way for SMEs to accomplish KM.

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