Development Of Medium-sized Enterprises Research Articles

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.

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.

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

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

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.

HOW DOES THE GOVERNMENT PLAY A ROLE IN THE DEVELOPMENT OF THE BIG DATA INDUSTRY? BASED ON THE fsQCA RESEARCH OF 31 PROVINCES AND CITIES IN CHINA

This study employs fuzzy set qualitative comparative analysis to explore factors influencing the development of the big data industry in 31 provinces and municipalities in China. By analyzing eight representative variables across four dimensions—new infrastructure construction, data resources and applications, government services, and resource input—the study aims to uncover configurations and pathways that affect industry growth. The results reveal four effective strategies: combining infrastructure with data application, integrating government services with data application, coupling infrastructure with resource investment, and focusing solely on government services. Core variables such as optical cable length, policy environment, and service environment require governmental intervention to foster development. Therefore, continuous enhancement of new infrastructure construction, supporting the development of small and medium-sized Enterprises in big data, strengthening the big data industry and government service environment, and increasing investments in talent and capital are recommended to drive industry progression.

The mediating effect of entrepreneurial action learning on the relationship between entrepreneurial orientation and entrepreneurial performance: A case study based on Chinese SMEs

Entrepreneurial Orientation (EO) emphasizes the identification and exploitation of business opportunities, while entrepreneurial action learning (EAL) underscores the acquisition of knowledge through practical experience and continuous improvement. Breakthroughs in both aspects contribute to maintaining flexibility, adapting to changes, and enabling success in competitive markets. The key to the development of small and medium-sized enterprises (SMEs) lies in a clear Entrepreneurial Orientation, a focus on Entrepreneurial Action Learning, and the cultivation of innovation spirit through continuous practice and experience accumulation, thereby enhancing entrepreneurial performance (EP). This study aims to explore the impact of Entrepreneurial Orientation on the Entrepreneurial Performance of SMEs, clarify the mediating role of Entrepreneurial Action Learning between Entrepreneurial Orientation and Entrepreneurial Performance, and investigate the variability of Entrepreneurial Performance among different industries. By means of data collection from 598 SMEs, data analysis was conducted using Structural Equation Modeling (SEM) and Analysis of Variance (ANOVA). The analysis results indicate that entrepreneurial orientation has a positive impact on entrepreneurial action learning and entrepreneurial performance, and entrepreneurial action learning has a positive impact on entrepreneurial performance. The study also found that entrepreneurial action learning partially mediates the relationship between entrepreneurial orientation and entrepreneurial performance. There are certain differences in entrepreneurial performance among different industries. This study enriches the relevant literature in the field of entrepreneurship. Additionally, research on entrepreneurial orientation, entrepreneurial action learning, and entrepreneurial performance in specific regional contexts is very limited, making this study valuable for subsequent research in related areas.

Reducing Obstacles for Small and Medium Enterprises Via Digitalisation: Albania’s Case

Within the framework of modern economic science, scientists are increasingly focusing on the role of small and medium-sized enterprises. This is determined by the many benefits they provide for the country’s development. Digitalisation is one of the opportunities that can make these structures function more efficiently. Therefore, an assessment of its possibilities for different countries is still relevant. The assessment was made for Albania in the research. The research aims to show the level of digitalisation of small and medium-sized enterprises in the country, as well as to provide recommendations for future policy development in this area. The main research methods used in the study were analysis, forecasting, abstraction. The study describes the role of small and medium-sized enterprises in Albania’s economic development and the importance of digitalisation in facilitating their growth. The study also surveyed more than 100 enterprises and based on selected statistics, described the relationship between marketing budget, years of existence and use of social media. The study also focused on the benefits of digital technologies for organisations, such as the automation of internal processes, and improved communication between the company and potential buyers (target audience). The study provides recommendations for further policymaking in small and medium-sized enterprise (SME) development based on the identified weaknesses of SME development in Albania. This study contributes new knowledge to the field of entrepreneurship development in countries, small and medium-sized companies. In addition, it provides a better understanding of the peculiarities of the Albanian economy.

Development of small and medium-sized enterprises in the Republic of Tuva

Subject. This article discusses the importance of entrepreneurship in increasing tax revenues, creating jobs, and saturating the market with goods. Objectives. The article aims to assess the impact of small and medium-sized businesses on the overall development of the Republic of Tuva's economy and analyze government measures to support business. Methods. For the study, I used a comparative analysis. Results. On the basis of the analysis, the article shows the changes in the number of small and medium-sized businesses and the self-employed in the Republic of Tuva for 2019–2024, and breaks down them by municipality, urban district, and type of activity in 2023. The Tuvinian small and medium-sized business covers a quarter of the able-bodied population of the Republic. The overall increase in the number of business entities in the Republic of Tuva was accompanied by an annual increase in tax revenues. Conclusions. The results of the study can be taken into account when developing programmes to improve the Republic of Tuva's economic capacities.

Неэффективное управление оборотным капиталом как основной ограничивающий фактор устойчивого развития малых и средних предприятий

The article is devoted to the main barriers to the development of small and medium-sized enterprises. The main measures of state support for small and medium-sized enterprises are considered. The paper describes the category of "Small and medium–sized enterprises", examines the main criteria for classifying small and medium-sized enterprises, considers the bankruptcy problem and its prerequisites in the course of business activities of small and mediumsized enterprises. Methodological tools of the research: analysis of statistical sources of information and legislative documentation. As the study showed, the sustainable development of an enterprise largely depends on its ability to effectively manage its working capital. It is concluded that an important task of the state is not only to provide support to SMEs in the form of benefits and preferences, but also to carry out its activities as a business partner.

The relationship between Entrepreneurial Education and the Sustainable Development of SMEs in China: the mediating effect of Innovation Capability

This study explores the relationship between entrepreneurship education, innovation capabilities and the sustainable development of small and medium-sized enterprises in China, especially the mediating effect of innovation capabilities. By analyzing questionnaire data from SMEs in different regions of China, this study uses SPSS 27 and Process Model 4 to verify the impact of entrepreneurship education on the sustainable development of SMEs and the mediating effect of innovation capabilities. The results show that entrepreneurship education significantly positively predicts innovation ability (β=0.691, p<0.001), and indirectly promotes the sustainable development of small and medium-sized enterprises through innovation ability. The indirect effect accounts for 78.6% of the total effect, confirming the partial mediation of innovation ability. effect. In addition, the direct effect (β=0.152, p<0.001) also shows that entrepreneurship education has a direct positive impact on SMEs. These findings highlight the importance of entrepreneurship education in promoting corporate innovation capabilities and sustainable growth and provide policy makers with policy recommendations to enhance the innovation capabilities and sustainable development of small and medium-sized enterprises.

Assessment of the prospects for the development of small and medium-sized enterprises in the current conditions of economic development

Assessment of the prospects for the development of small and medium-sized enterprises in the current conditions of economic development

The Development of China's Digital Economy: Challenges and Countermeasures

With the rapid development of digital technology, China's digital economy is facing unprecedented opportunities and challenges for growth. This paper explores the challenges in four key areas of data security, digital divide, market monopoly and innovation, technology dependence and talent gap in China, and puts forward corresponding countermeasures and suggestions. In terms of data security and privacy protection, the importance of improving the legal system, enhancing technological protection capabilities, enhancing public awareness and corporate responsibility was emphasized. To address the digital divide, a comprehensive solution was proposed to strengthen infrastructure construction, provide customized education and training, and encourage public-private cooperation. In response to the challenges of market monopoly and innovation, it is suggested to strengthen market supervision, support the development of small and medium-sized enterprises and establish an innovation incentive mechanism. In terms of technology independent research and development and personnel training, it puts forward strategies to increase investment in key technologies, improve the education system, attract international talents and promote industry-university-research cooperation. The paper concludes that by implementing these countermeasures, China can not only solve the current problems it faces, but also occupy a more important position in the global digital economic landscape. These analyses and recommendations provide valuable insights for policymakers and have important practical significance for promoting the healthy development of China's digital economy.

Improvement of the mechanism of development of small and medium-sized enterprises of the Republic of Kazakhstan in the conditions of digitalization

Improvement of the mechanism of development of small and medium-sized enterprises of the Republic of Kazakhstan in the conditions of digitalization

Innovation for environmental sustainability: business models for SMEs

PurposeAn effective business model (BM) is essential for the success of any company, with sustainable innovation being a critical component of this model. This entails finding creative ways to meet present needs without compromising future generations. In this regard, cooperation can be crucial in developing sustainable innovation. This paper investigates how different types of cooperation impact the development of small and medium-sized enterprises (SMEs) innovation for environmental sustainability. In this sense, it intends to compare the effects of cooperation acquired nationally or at a European level.Design/methodology/approachThe methods used are logistic regression for the sample of 87,374 observations from 14 countries of the Eurostat Community Innovation Survey (CIS) database.FindingsThe results confirm that cooperation with national or European agents significantly impacts the innovation for environmental sustainability of SMEs; however, not all cooperations have the same significance level. At a national level, cooperation with the suppliers of equipment, materials, components or software, clients or customers and universities or other higher education institutes impacts the innovations for environmental sustainability developed by SMEs. At a European level, cooperation established with other enterprises within your enterprise group, equipment, materials, components or software suppliers, clients or customers and government, public or private research institutes significantly impacts innovations for environmental sustainability.Originality/valueThis study also provides substantial theoretical contributions on the subject and more information about the importance of cooperation by SMEs in developing innovation for environmental sustainability.

Enhancing private infrastructure financing through capturing spillover effect: Conceptual development and an empirical case study of Vietnam’s expressways

While infrastructure provides necessary public services and is vital for the socio-economic development of a nation, public funds alone cannot finance all infrastructure needs in society, especially after the COVID-19 pandemic, where many countries are facing budget deficits. Although private financing schemes, such as public-private partnerships (PPPs) and land value capture, have been considered intensively, they have yet to produce adequate private capital flows to infrastructure projects due to a lack of incentives for private investors. Against the background, this paper proposes a new financing mechanism in which governments might divert some of the increased tax revenue from the spillover effects of newly constructed infrastructures to fund the private sector through grants or subsidies. The empirical work in Vietnam shows a significant increase in tax revenues after completing two expressways, supporting our idea about spillover effects, which includes small- and medium-sized enterprise (SME) development. This study’s results suggest that spillover effects can bring new opportunities for governments and multilateral development banks (MDBs) to implement infrastructure projects with greater private sector involvement in the region. It also proposes some financial schemes, such as land capture and financing for business startups, including SMEs, to enhance the spillover effects of infrastructure.

ECONOMETRIC ANALYSIS OF THE DEVELOPMENT OF SMALL AND MEDIUM-SIZED ENTERPRISES IN THE FIELD OF INNOVATION AND INNOVATIVE TECHNOLOGIES OF THE RUSSIAN FEDERATION

This article represents a study of the dynamics of the development of the number of small and medium-sized enterprises (SMEs) actively involved in the sphere of innovations and innovative technologies in the Russian Federation over the past decade from 2013 to 2023. Using comprehensive analysis of available data, through econometric modeling in the Gretl software environment, including governmental statistical reports, industry reviews, and scientific research, this study focuses on the evolution and dynamics of SMEs' development in this key sector, as well as on the factors influencing changes in their numbers. The results of the study will help better understand the trends and prospects of the development of small and medium-sized enterprises in the innovation sphere in Russia, as well as identify key factors shaping their competitiveness and contribution to the innovation development of the economy. This work is important for specialists and researchers interested in the development of business in the innovation sector in Russia, as well as for decision-makers at the level of government policy aimed at supporting SMEs and stimulating the further development of their innovation activity.

Research on the construction of technology intermediary innovation ecosystem and the growth of small and medium-sized enterprises

With the in-depth implementation of the "mass entrepreneurship and innovation" strategy in China, scientific and technological innovation has become the main driving force of economic development, and the transformation of scientific and technological achievements is the main channel of scientific and technological innovation, and is the key link of the close combination of science and technology and economy. However, at present, China's science and technology intermediary system is not perfect and the performance of innovation transformation is low, which brings huge problems to the development of small and medium-sized enterprises in the ecosystem. As the carrier of technology diffusion and achievement transformation, the science and technology intermediary and the innovation ecosystem built play a vital role. From the perspective of the construction of the science and technology intermediary innovation ecosystem, Innovative view of science and technology intermediary as the main body, Further study on Wuhu General Aviation Innovation Park through literature analysis method, questionnaire survey method and interview method, The two complementary assets of technology intermediary are selected as the explanatory variables, Introducing resource sharing and knowledge spillover as intermediary variables, To analyze the constructed theoretical framework and mechanism, At the same time, four theoretical frameworks from the perspective of science and technology intermediary innovation ecosystem, For the formation and improvement of the science and technology intermediary innovation ecosystem, the effective promotion of innovation transformation ability and the growth of small and medium-sized enterprises.