Abstract
The long-term stagnation of Serbia's exports is a limiting factor for further economic growth. Therefore, increasing exports is seen as a development necessity. The trend of international networking and multicultural business environment represents a new type of requirement for the management of Serbian companies, both at the national and local level. Their main goal is to contribute to a more efficient integration of the domestic economy into global trade and production flows. In this way, exports become one of the most important determinants of successful and sustainable economic development. Only 30% of companies in the tradable sector of the Serbian economy are active exporters, while the remaining 70% of companies are oriented exclusively to doing business in the country. Although most small and medium-sized companies in the tradable sector are exporters, a relatively small number of micro-enterprises have managed to expand their business abroad, which has had a significant impact on the relatively low share of exporters in the total number of companies in Serbia. In general, exporters are more successful and dynamic, as well as twice as productive, as non-exporting companies. The main goal of this paper is to identify the sector of small, medium enterprises and entrepreneurs (SMEs) with development potentials to increase exports and thus create the conditions for these potentials to be used to a greater extent than before. In this way, SMEs can be helped to increase their competitiveness in the international market. This will enable SMEs to make and make a greater contribution to the development of the domestic economy, as well as to broader economic and social priorities. In addition, this paper should indicate which sectors have obvious market potential but at the same time difficulties in achieving their goals and fully realizing that potential. The results of this research should help to design various actions whose implementation would provide adequate support to the identified sectors while minimizing the constraints faced by these sectors.
Highlights
The collection of quantitative data for the purposes of this Study was performed by analyzing the available literature via the Internet, but other sources were used to obtain relevant data
The methodological approach of the analysis of statistical data on the value of export volume realized by the Republic of Serbia through two classifications of sectors - activities: SITC (Standard International Trade Classification) and KD was used
Agriculture and agribusiness are among the sectors most important for exports from Serbia, when we look at their performance through the prism of competitiveness, we can see that agriculture and agribusiness were not able to compete with rivals in the post-crisis period, from 2009 to 2013
Summary
The collection of quantitative data for the purposes of this Study was performed by analyzing the available literature via the Internet, but other sources were used to obtain relevant data. Talking about the business environment, Jovanovic says that few factors can slow down managers' reactions and limit their ability to anticipate change business environment. These factors include [1]: 1. Two authors [2] in the paper analyzed the business conditions in the Southeast Europe region countries and came to the following conclusion: Entrepreneurship represents the basis of the economic activities of developed countries. It has an influence on economic development and an increase in employment rates by generating new jobs. Why do some entrepreneurs show a greater tendency towards the aspirations for the growth of an entrepreneurial enterprise, which factors influence the development of this type of entrepreneur's aspiration? These research questions represent the unlimited potential for future research ventures, at least as far as entrepreneurial aspirations are concerned, a more concrete growth of entrepreneurial endeavors
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