Development Of Medium-sized Enterprises Research Articles

Research on the Impact Mechanism of Knowledge Spillover on the Growth of Small and Medium-sized Sports Enterprises

Background and Aim: In recent years, knowledge spillovers and enterprise innovation have become key drivers of the rapid development of small and medium-sized sports enterprises (SMEs) in China. This study conducted a questionnaire survey of 405 employees from SMEs using the snowball sampling method. The study focuses on how knowledge spillovers affect the development of SMEs in the sports industry and verifies the intrinsic links between knowledge spillovers, product innovation, model innovation, learning organizations, and firm growth variables. Materials and Methods: The study utilized SPSS 26.0 and AMOS 26.0 software for EFA and CFA. Additionally, the research hypotheses were tested using structural equation modeling with AMOS 26.0 software. Results: 1) Knowledge spillover, product innovation, model innovation, and learning organization all significantly enhance firm growth. 2)Learning organization, product innovation, and model innovation in SME sports enterprises mediate the effect of knowledge spillover on firm growth. 3)Learning organizations and product innovation, learning organizations, and model innovation in SMEs' sports enterprises jointly mediate the impact of knowledge spillovers on firm growth. 4)The study's results provide an in-depth analysis of how knowledge spillovers affect the development of SMEs through direct and indirect paths. This enriches the theory of sports enterprise development and helps promote enterprise growth. Conclusion: 1) Knowledge spillovers from SMEs directly boost enterprise growth. 2)Knowledge spillovers from SMEs can also indirectly enhance enterprise growth through factors like product innovation, model innovation, and learning organization. 3)Knowledge spillovers can further indirectly facilitate enterprise growth by influencing factors like enterprise learning organization, product innovation, and model innovation.

Study on Digital Transformation Strategy of Small and medium-sized Enterprises in China

The digital wave has swept the world and the industrial change has accelerated. As an important part of the national economy, small and medium-sized enterprises must conform to the trend of The Times and seek digital transformation and high-quality development. This paper deeply analyzes the internal and external environment of small and medium-sized enterprises digital transformation and examines the issues and challenges posed by their digital transformation. At last, some transformation strategies are put forward. It is found that the key factors restricting the high-quality development of small and medium-sized enterprises are the shortage of funds, the lack of talent, the lack of technical ability, and the backward management system. To solve the problems, it is urgent to strengthen the construction of financing channels, improve the talent training mechanism, enhance the ability of technological innovation, and promote management innovation and upgrading, to promote the high-quality development of medium-sized enterprises.

Development of Madura Batik MSME HR as a Catalyst for Green Entrepreneurship in Indonesia

The purpose of this study is to look at how human resource (HR) development in Batik Madura micro, small, and medium-sized enterprises (MSMEs) might act as a catalyst for green entrepreneurship in Indonesia. Green entrepreneurship is becoming the primary emphasis for decreasing negative environmental consequences while enhancing competitiveness in a global market that is more concerned with sustainability. HR plays a crucial role in implementing technical innovation and environmentally sustainable industrial processes. This study takes a qualitative method, with in-depth interviews with the owners, managers, and employees of MSME Batik Madura, as well as a literature analysis on green entrepreneurship.According to the study's findings, sustainable human resource development through training and education that emphasizes sustainability can boost productivity and efficiency in batik manufacturing. Furthermore, human resources with environmental consciousness and digital marketing abilities help Madurese batik products compete more effectively in national and international marketplaces. This study promotes collaboration among government, academics, and industry stakeholders to strengthen the development of human resources for Madura Batik MSMEs, which is the primary pillar in the transition to green entrepreneurship.

State Regulation of Employment in Kazakhstan: Labor Market and Ways of Development

State regulation of population employment (hereinafter – SREP) is critical in ensuring national stability and prosperity. The present study aims to explore avenues for enhancing SREP in Kazakhstan and formulate actionable implementation proposals. The methodology employed encompasses scientific abstraction, comparative analysis through induction and deduction, communication analysis, statistical data analysis, and an integrated approach to generate comprehensive insights. The study reveals a 1-3% increase in the workforce and self-employed individuals over the past three years, which signifies moderate but consistent growth in labor participation. However, the COVID-19 pandemic led to a temporary 2% rise in unemployment in 2022, a setback followed by a reduction to 1% by the end of 2023, indicating a gradual improvement in labor market conditions. The study proposes innovative measures aimed at fostering job creation, especially in emerging sectors such as information technology and the “green” economy, emphasizing the need for strategic investment in these areas. Furthermore, recommendations are provided to support entrepreneurship and the development of small and medium-sized enterprises, which are pivotal for sustainable employment growth. The findings of this research indicate that the proposed measures have the potential to enhance employment levels and contribute to overall economic growth significantly. The contribution of this study lies in identifying effective strategies for further development and enhancement of SREP to increase employment opportunities and promote economic resilience in Kazakhstan. Future research will examine the impact of legislative changes on employment, the implications of automation and digitalization, and provide a comparative analysis of successful international employment regulation practices.

Does bank FinTech spur productivity of SMEs?

ABSTRACT Financial technology (FinTech) has promoted the popularization of intelligent banking services and profoundly impacted the development of small and medium-sized enterprises (SMEs). Based on manually collected over 20,000 data on FinTech patents of banks and data from Chinese A-share listed firms in the Growth Enterprise Market board from 2010 to 2020, we investigate the effects of Bank FinTech on the total factor productivity (TFP) of SMEs. Our results demonstrate that Bank FinTech significantly boosts the TFP of SMEs. The conclusion remains unchanged after conducting a series of robustness tests. Furthermore, we find that strengthening external financial regulation and internal digitalization in SMEs enhance the driving effect of FinTech on the TFP of SMEs. Moreover, heterogeneity analysis indicates that Bank FinTech is particularly beneficial for promoting TFP in non-state-owned SMEs, SMEs with large sizes and old age, and SMEs in the East and with dense bank branches. Our research offers empirical evidence on how Bank FinTech influences SMEs’ production efficiency, which is crucial for the technological catch-up of SMEs and for enhancing the ability of Bank FinTech to serve the real economy.

Problems and prospects of digital development of small and medium-sized businesses in the Russian Federation and the Republic of Belarus

In the modern world of rapidly developing technologies, digitalization has become not just a trend, but a vital condition for the successful functioning of any business, regardless of its scale. In Russia, as in many other countries, digitalization processes have taken a leading position among development priorities. Today digitalization implies the active and widespread introduction of modern digital technologies, automation tools and innovative solutions in all areas of business, which means a transition from traditional, manual methods of work to automated processes based on digital data. Digitalization is of particular importance for the development of Russian small and medium-sized enterprises (SMEs). It is this segment of the economy that is the most dynamic, flexible and adaptable to changes in most developed countries of the world. The introduction of digital solutions in small and medium-sized businesses will improve their competitiveness, create new jobs, strengthen economic growth and make Russia more competitive at the global level. The article examines the results of a study of the state of small and medium-sized businesses in Russia and the Republic of Belarus, the degree of implementation of digital technologies in small and medium-sized businesses in the two countries. Based on the results of the comparative analysis, a conclusion was made about the positive dynamics of the development of both the SME sector as a whole and the level of its digitalization, the directions of digital development of small and medium-sized businesses in the Russian Federation and the Republic of Belarus were determined.

TOOLS FOR EFFECTIVE CAREER DEVELOPMENT MANAGEMENT

In today’s environment, managing employees’ career development is becoming a key factor for the success and sustainable development of organizations, especially small and medium-sized enterprises (SMEs). The purpose of this article is to investigate current approaches to career management in SMEs and provide practical recommendations based on theoretical research and empirical evidence. The novelty of the study lies in the integrated approach to analyzing career management practices using both quantitative and qualitative methods. This allows for a deeper understanding of the impact of career development on employee motivation and retention in a resource-constrained and highly competitive environment. The research methodology includes reviewing existing literature and analyzing case studies from different industries to identify best practices and success stories. The use of mixed research methods, such as surveys and in-depth interviews, provides a more comprehensive view of current practices and their impact on employees. The results of the study show that career development management is critical to improve employee motivation and retention, which is particularly relevant for SMEs. Pay attention to aspects such as training and development, performance appraisal systems, reward systems and their impact on employee motivation. Training and development help to improve employees’ skills and adaptability to changes in the market, while appraisal systems such as 360-degree feedback and regular evaluations help to identify achievements and areas for improvement, forming individual development plans. A fair and competitive compensation system motivates employees and promotes employee retention. The author’s personal contribution is the design and implementation of an integrated research methodology that combines quantitative and qualitative methods, which provided comprehensive data and offered practical recommendations for SMEs. The article also discusses the factors that influence employee retention and the creation of a positive corporate culture, which contributes to their long-term professional growth and enhances companies’ competitiveness in the market. In an environment of rapid change and globalization, SMEs must pay special attention to human capital development to maintain competitiveness and achieve sustainable growth. The article provides recommendations for the implementation of effective career management programs and examples of successful practices from different sectors.

К вопросу о возможностях социологической диагностики кризисных явлений в экономических системах

The article is devoted to the study of diagnostic issues of crisis conditions, primarily in the economy. The approaches of various authors to the definition of the economic crisis are analyzed, and an approach is highlighted in which the main source of information for diagnosing a crisis situation is not economic indicators, but the results of sociological research of the business community. The results of sociological research of the business community in 2022–2024 are analyzed, and it is concluded that despite the negative impact of sanctions, most entrepreneurs do not characterize the situation in the Russian economy as a crisis. In order to increase the effectiveness of analytical support for decision-making on the development of entrepreneurship at the state level, to prevent the development of a crisis situation in the country's economy, a number of measures for the structural and institutional development of the support system for the development of small and medium-sized enterprises are proposed.

Study on the Two-Way Promotion Path of Green Financing for SMEs and Green Transformation of Urban Housing Projects in Guangdong Province in the Era of Digital Economy

Green transformation is a necessary path on the road of green development of small and medium-sized enterprises (SMEs), and it is also a top priority for implementing the concept of sustainable development. The article innovatively proposes a green transformation evaluation method for urban housing projects based on the ecological footprint theory, which clarifies the resource use of urban housing projects during the construction process through the ecological footprint calculation, clarifies their ecological deficits, and solves the reduction of their ecological footprints through the green transformation. A double-difference model is introduced to analyze the impact of SMEs’ green financing and issuance of green bonds on the green transformation of urban housing projects. The short-term market response of green bonds issued by SMEs with green financing and the environmental benefits of urban housing projects are also verified. Between 2012 and 2021, the ecological footprint of urban housing projects in Guangdong Province increased by 36,273,366 nha, an increase of 137.04%, and the reduction of ecological footprint in the planning and construction phase of urban housing projects in Guangdong Province after the implementation of the green transformation strategy totaled 10,377.85 nha. Whenever the level of SMEs’ green financing and issuance of green bonds is increased by 1%, the reduction of ecological footprint of the green transformation of urban housing projects will be increased by 1%. Transformation of the ecological footprint reduction will be enhanced by 4.059. Relying on the green financing behavior of SMEs can promote the enhancement of the short-term market effect of the enterprise, and can also effectively enhance the utilization rate of green building materials in urban housing projects, and help the green transformation of urban housing projects.

The Impact of Tax Incentives on the Growth of Small and Medium-Sized Enterprises: A Comparative Study Based on Industry

Tax incentive policies have been widely used as a crucial tool to promote the development of Small and Medium-sized Enterprises (SMEs), but their effectiveness varies across different industries and policy types. This study utilizes a comprehensive panel dataset from 2015 to 2023 to investigate the impact of Value-Added Tax (VAT) and income tax incentives on the growth of SMEs in China. Through fixed effects model analysis, we find that both VAT and income tax incentives significantly enhance SMEs' sales revenue and total asset growth. However, the magnitude of these effects differs substantially across industries, with high-tech and information technology service industries benefiting the most. Our industry comparison analysis reveals that the effectiveness of tax incentives is closely related to industry-specific characteristics, such as research and development (R&D) intensity and capital requirements. These findings provide key empirical evidence for optimizing SME tax policies and suggest that a more nuanced, industry-specific approach to tax incentives is needed. This study not only contributes to the literature on SME growth and tax policy effectiveness but also offers important insights for policymakers to refine SME support systems in the context of rapid technological change and economic transformation.

FEATURES OF SMALL AND MEDIUM-SIZED BUSINESSES IN RUSSIA

The article examines the features of small and medium-sized businesses in Russia since 2019. Its role in the modern market economy and directions of development are revealed. The article examined statistical data on the small and medium-sized business sector: employment, profitability, share in GDP, dynamics of the number of enterprises, and also analyzed the state of the business climate of small and medium-sized enterprises in Russia using the RSBI index. The dynamics of these indicators over the past four years are considered. It is noted that the main point of development of the sector is the increase in its share in GDP; in developed countries this figure is significantly higher than in Russia: in our country it has been at a low level throughout 2019-2021. The article also analyzes the role of small and medium-sized businesses in the economy of the Udmurt Republic: indicators such as the share of small and medium-sized businesses in the republic’s GRP, as well as the share of loans to small and medium-sized businesses in the total issuance of loans by banks are considered. The topic of the efficiency of economic activity of small and medium-sized enterprises in Russia and labor productivity in them is considered. The directions for the development of measures to support small and medium-sized enterprises are analyzed. A comparison has been made of some aspects of running and features of small and medium-sized businesses in the USA. The main directions for the development of SMEs have been identified and disclosed. The importance, weaknesses and strengths of small and medium-sized businesses in Russia, as well as ways to improve the situation of small and medium-sized businesses in Russia are analyzed. New directions for the development of small and medium-sized enterprises have been studied.

ACHIEVED RESULTS AND PERSPECTIVES FOR FURTHER DEVELOPMENT OF SMALL AND MEDIUM-SIZED ENTERPRISES: STATISTICAL FINDINGS AND ANALYSIS

Small and medium-sized enterprises are a key part of every national economy and represent a factor of economic and social stability. In particular, entrepreneurial organizations are recognized as drivers of economic development, because they encourage the introduction of new technologies and have a direct impact on the level of investments and aggregate demand in terms of macroeconomic indicators. Also, this type of organizations contributes to solving the problem of unemployment and unequal distribution of wages. The need for strategic support and development of small and medium enterprises at the state level is permanent. In the past, these entities have been hit by the pandemic caused by the Covid-19 virus, inflation and digitization. The subject of the paper is the results review of the small and medium-sized enterprises development in Serbia, as well as the perspective of their further growth. Taking into account the effect of quality standards on business results, the connection of small and medium-sized enterprises with scientific and research institutions, but also the connection between the same organizations on the market, the authors propose certain improvements for their development. The key elements are based on the adequate and correct diagnosis of the mentioned connections. The research sample was purposive, which included companies in each of the 5 regions of the Republic of Serbia (n=112). The importance of quality standards and cooperation with faculties and scientific research institutions was established. It has been proven that the biggest obstacles in the development of the business of small and medium-sized enterprises are administrative procedures, as well as fiscal appropriation, and that the biggest impact on future business prospects is the adopted quality standard, investment in modern equipment, innovation, new knowledge and the introduction of new production lines.

DEVELOPMENT OF SCIENTIFIC FOUNDATIONS AND METHOD OF AUTONOMOUS POWER AND GAS SUPPLY OF REMOTE CONSUMERS FROM GAS DISTRIBUTION NETWORKS

The development and implementation of independent power supply systems with a high degree of autonomy is becoming an urgent task for the development of remote and inaccessible regions of the country, both due to the lack of energy capacities and accessible networks in newly developed areas, and the high cost of allocating separate power lines for remote and compact settlements. The increase in the scale of central networks is associated with high capital investments and long project implementation time, which creates inconvenience for consumers and the development of small and medium-sized enterprises. At the same time, unlike power supply, gasification issues, which are actively being resolved in all regions of the country, make it possible to connect new consumers of natural gas several times faster and cheaper, which is due to the high manufacturability and speed of construction of polyethylene gas pipelines of distribution networks, provided that gas pipelines pass in the region. In addition to lower capital and operating costs, the process of transporting energy resources through pipelines in the form of a primary source — gas — is characterized by significantly lower losses compared to water and electricity. At the same time, network gas in combination with trigeneration technologies and cryogenic hydrocarbon storage can be used not only as boiler fuel, but also as motor fuel, a source for generating electricity, heat and even cold with a replenished autonomous reserve. Thus, as an alternative solution to traditional power systems, it is proposed to use hybrid power systems — systems based on trigeneration plants with gas piston installations, turbine and screw machines, as well as cryogenic gas storage facilities that can provide the population with electricity, heat, cold and motor fuel. The article analyzed the state and development of the fuel and energy complex in Russia, conducted a study of the needs for heat, gas and electricity for an average compact settlement with small and medium-sized enterprises. Analysis and selection of equipment parameters for uninterrupted autonomous power supply of the economy was carried out.

Research on Human Resource Management Information Construction in Small and Medium-sized Enterprises

To make the talent role get maximum use and improve the efficiency of enterprise management, small and medium-sized enterprises should be information as an important breakthrough, into the enterprise human resource management, in order to improve the enterprise human resource management ability, provide comprehensive data support and decision support, promote the enterprise personnel decisions adapted to the strategic objectives of the enterprise. Small and medium-sized enterprises to better match the information, we must take the initiative to the transition to find new changes, with information ideas to improve work efficiency, the reform of human resource management, and to accelerate the human resource management information construction, strengthen the information management, make human resource management toward more scientific, more in line with the market demand of development and reform, for the development of small and medium-sized enterprises to provide strong organization guarantee and talent support.

On the prospects of small and medium-sized manufacturing businesses in Russia

The sanctions imposed on the Russian Federation (hereinafter referred to as RF, Russia) have most significantly affected high-tech sectors of the economy. In these conditions, it is necessary to solve a number of problems, including import substitution, the transition to the Industry 4.0 concept and low-carbon production and consumption. The need of participation in solving these problems is substantiated not only for large, but also for small and medium-sized businesses (hereinafter referred to as SMB). The current state and prospects for the development of small and medium-sized enterprises (hereinafter referred to as SME) in Russia are analysed. The article emphasises the discrepancy between the modern state of the domestic SME and its potential capabilities , in particular the insufficient participation of this business in production activities. The problems of SMB and its risks related to the current geopolitical situation are indicated. Ways of overcoming similar problems in other countries experiencing sanctions pressure, as well as the efforts of the RF to minimise losses of the Russian SMB, are shown. It is noted that the implementation of the national project “Small and medium-sized entrepreneurship and support for individual entrepreneurial initiative” does not solve all the problems of the SME. As promising areas for the SMB development, it is proposed to strengthen its cooperation with big business, modify the “Grow a Supplier” programme, and intensify work on targeted training of personnel for subjects of small and medium-sized manufacturing entrepreneurship in the country’s universities with participation of the big business. The ways to ensure the sustainability of the domestic manufacturing business, possible in modern conditions, are considered.

Are small and medium-sized enterprises the strength of the Polish economy?

The research conducted under the micro-project Intellectual Capital and Technological Development of Small and Medium-Sized Enterprises in Poland focused on the impact of intellectual capital on the technological development of SME. The purpose of this research was to determine the influence of intellectual capital on the technological advancement of these enterprises. Due to the broad approach to economic development and the significant role of SMEs in the economy, a series of three articles was chosen as the publication format. This publication serves as an introduction, addressing the essence and importance of the SME sector. The article aims to confirm the impact of the SME sector on the economic development of the country, which is considered significant based on statistical data. The data reveal a favourable statistical picture of SMEs, showing an increase in the number of business entities and their positive impact on the labour market and GDP growth. The findings underscore the need for continued efforts to eliminate ineffective management practices withing the various components of intellectual capital. The subject matter of the research cycle continues in the next two papers. The second article, entitled “The Role of Intangible Resources in Shaping the Value of Knowledge-Based Enterprises” emphasises the need and necessity of implementing in small and medium-sized entities. The third article, considers it important to identify, measure, and value these assets. Detailing the methods of doing so, it summarises the research results and points to intangible assets as the main determinants of company management in a knowledge-based economy. It demonstrates the significant impact that small and medium-sized businesses could have on the development of the national economy if the management of intellectual capital in these enterprises adhered to the principles of conscious and rational use of knowledge assets. As a result of the increasing importance of a company’s intellectual capital – including its human resources, structural, and relational values – small and medium-sized enterprises must change their previous intuitive, approach to their management to a conscious and strategic approach. This transition will enable them to remain competitive in the market in an era of widespread technological and other changes affecting the product and labour market. In view of the volatile environment and the development of a knowledge-based economy, the ability to manage intangible assets becomes particularly important for the development of enterprises, both large and those in the SME sector. Effective management of intellectual capital should be considered a key competence in this area. Although the tools for managing this invisible potential are discussed in the literature and practically applied in large companies, they are only beginning to be adopted by small and medium-sized enterprises. Given the significant contribution of these entities to national income generation and job creation, it is necessary to adapt and implement the concept of intangible asset management to suit the operating conditions of small business.

Research on the Development of Small and Medium-Sized Housing Enterprises Under the Downward Trend of Real Estate Industry

Research on the Development of Small and Medium-Sized Housing Enterprises Under the Downward Trend of Real Estate Industry

A DNA-Like blockchain model: implementing decentralized management, dynamic scheme adjustment, and data security for optimal service composition

ABSTRACT Cloud manufacturing (CM) promotes the development of small and medium-sized manufacturing enterprises (SMMEs) by integrating resources and collaboratively providing users with diversified services. However, the implementation of CM for SMMEs faces several challenges, such as the excessive centralization of enterprise management, poor dynamic adaptability of service composition, and insecurity of data information. To address these issues, this paper proposes a DNA-like blockchain model (DNABM) based on blockchain technology. The DNABM consists of a service information chain (SIC) and a manufacturing process chain (MPC). The SIC nodes (SIblocks) are formed based on the corresponding subtasks to record information about all manufacturing services that can complete the subtasks. The MPC nodes (MPblocks) are formed by selecting the most suitable services from the SIblocks. The DNABM has advantages of flexible service management, dynamically adaptable service compositions, and securely managed manufacturing enterprise data across various levels. Finally, taking the foundry industry as an example, demonstrating how the DNABM can promote the collaboration of SMMEs in CM. However, the actual implementation of the DNABM is still limited by the large number of heterogeneous tasks and services, the low utilization rate of process data, and the lack of coordination compatibility between services.

Role of Stakeholder Engagement in Sustainable Development in Estonian Small and Medium-Sized Enterprises

As the world becomes increasingly aware of the negative impacts of human activity on the environment, there is an urgent need for sustainability. Small and medium-sized enterprises (SMEs) are essential contributors to the economy and their role in promoting sustainability cannot be overstated. This study examines the role of stakeholders in promoting the sustainable development of SMEs, with focusing on environmental sustainability and innovation. Specifically, it investigates the role of customers, local governments, competitors, and non-governmental organizations (NGOs). This study employs a qualitative approach using 10 semi-structured interviews to collect data from SMEs operating in Estonia. These findings suggest that stakeholder engagement is crucial for promoting the sustainable development of SMEs. While the government may not play an active role in promoting sustainability, NGOs, consumers, and competitors can all play an important role in supporting SMEs' sustainability efforts. These findings provide insights into the various stakeholders that SMEs should consider in their sustainability strategies and highlight the importance of collaboration and engagement with stakeholders to achieve sustainable development goals. The study contributes to the understanding of the role of stakeholders in promoting sustainable development in SMEs, specifically in the context of Estonia.

Problems and Prospects for the Development of Cluster Structuring in the Economy of Kazakhstan’s Agricultural Sector: Theory and Practice

This article discusses the issues of cluster policy formation in the Republic of Kazakhstan on the basis of studying the experience of leading countries. The research aim is to find new effective tools and institutions for the development of the cluster structuring of the agro-industrial complex economy of Kazakhstan. Cluster policy in the field of supporting regional clusters starts with the identification of already existing clusters in the region, because by viewing the regional economy through the prism of various local industries and innovative enterprises, regional authorities can identify measures of effective impact and support for their clusters. This research examines the possibilities of using clusters and cluster policy as one of the most important components of the policy for the development and support of small and medium-sized enterprises in Kazakhstan’s agro-industrial complex. The research methodology includes qualitative and quantitative data analysis methods, comparative analysis, and mathematical processing (the Pearson correlation coefficient), as well as the modeling of possible development scenarios. The obtained results show that there are significant opportunities for a wider involvement of small and medium-sized enterprises in the formation of cluster structures of the agro-industrial sector through joint efforts by the government and regional centers in the conditions of innovative development of the country’s economy.