{"id":12766,"date":"2020-01-11T12:48:02","date_gmt":"2020-01-11T10:48:02","guid":{"rendered":"https:\/\/modecon.mnau.edu.ua\/?p=12766"},"modified":"2020-02-11T14:39:05","modified_gmt":"2020-02-11T12:39:05","slug":"prospects-of-small-and-medium","status":"publish","type":"post","link":"https:\/\/modecon.mnau.edu.ua\/en\/prospects-of-small-and-medium\/","title":{"rendered":"Ivanytska, S. & Troyan, Yu. Prospects of Small and Medium Business Development in Ukraine"},"content":{"rendered":"

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JEL Classification<\/strong>: \u041029.<\/span><\/td>\nDOI<\/b>: https:\/\/doi.org\/10.31521\/modecon.V18(2019)-08<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Ivanytska\u00a0S.<\/strong>, PhD (Economics), Associate Professor of the Department of Economics, Entrepreneurship and Marketing, National University \u00abYuri Kondratyuk Poltava Polytechnic\u00bb, Poltava, Ukraine<\/p>\n

ORCID ID<\/strong>: 0000-0002-7111-270X<\/a>
\ne-mail<\/strong>: azz123z@meta.ua<\/a><\/p>\n

Troyan\u00a0Yu.<\/strong>, student, National University \u00abYuri Kondratyuk Poltava Polytechnic\u00bb, Poltava, Ukraine<\/p>\n

ORCID ID<\/strong>: 0000-0003-4617-5415<\/a>
\ne-mail<\/strong>: leria.zvezda@gmail.com<\/a><\/p>\n

Prospects of Small and Medium Business Development in Ukraine<\/h2>\n

 <\/p>\n

\u0410<\/strong>nnotation. <\/strong>Introduction<\/strong>. Small and medium-sized enterprises are an integral part of the modern market economy. This gives the economy of any country some flexibility, influences its economic growth, mobilizes financial and production resources of the population, accumulates a powerful antitrust potential, plays a system-forming function. Entrepreneurship is a serious factor in solving pressing social and economic problems.<\/p>\n

Purpose<\/strong>. The purpose of the article is to summarize the fundamental principles for the support and development of small and medium-sized enterprises in the transition economy. The aim is to develop methodological foundations for improving their efficiency in Ukraine.<\/p>\n

Results<\/strong>. It is established that the main reasons for slowing down the development of small and medium-sized enterprises in Ukraine are the lack of an effective mechanism for implementation of state policy for support of small and medium-sized enterprises, the lack of appropriate regulatory support for business development, limited financial resources, limited information and advisory support, imperfection of the training system and further training. The article analyzes the main directions of state support for small and medium-sized enterprises in Ukraine and other countries. Obstacles hindering the development of entrepreneurship have been identified. Such obstacles include limited access to finance, burdensome legislation, and difficulties in entering new markets, etc. These programs are aimed at making breakthroughs and inventions; promote entry into new markets; facilitates the opportunity to obtain financing for business, offer a large amount of investment, grants and vouchers are provided, advisory assistance and targeted support are provided.<\/p>\n

Conclusions<\/strong>. The tasks that need to be solved to realize the strategic goals of the development of small and medium businesses in Ukraine are identified. The main ones are the creation of favorable financial conditions for starting and conducting business activities; development and implementation of a special program of support for promising companies and entrepreneurs; creation and development of business support infrastructure; development of competition; support in the social sphere; stimulating demand for enterprise products; creation of conditions for increase of labor productivity; development of micro-credit; implementation of financial support programs; simplification of procedures for access of small and medium-sized enterprises to the use of real estate objects; training, training, and retraining of professional staff for small and medium businesses; provision of state support for small and medium-sized enterprises active in the field of investment activity; conducting information-analytical monitoring of small and medium-sized business development and development of state policy measures for the further development of entrepreneurship.<\/p>\n

Keywords<\/strong>: entrepreneurship; infrastructure; financing; lending; investment; training; development; competitiveness.<\/p>\n

References:<\/strong><\/p>\n

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  1. Belas, J., Bilan, Y., Demjan, V. & Sipko, J. (2015). Entrepreneurship in SME segment: case study from the Czech Republic and Slovakia. Amfiteatru Economic,<\/em> 17(38), 308-326.<\/li>\n
  2. Lew Sook Ling (2017). Impacts of Information Technology Capabilities on Small and Medium Enterprises (SMEs) and Large Enterprises. Journal of Innovation Management in Small and Medium Enterprise<\/em>, 2017 (2017), DOI:10.5171\/2017.133143.<\/li>\n
  3. Kotane, I. & Kuzmina-Merlino, I. (2017). Analysis of Small and Medium Sized Enterprises\u2019 Business Performance Evaluation Practice at Transportation and Storage Services Sector in Latvia. Procedia Engineering<\/em>, 178, 182-191. doi:10.1016\/j.proeng.2017.01.093.<\/li>\n
  4. Sousa, S.D., Aspinwall, E.M. & Rodrigues, A.G. (2006). Performance measures in English small and medium enterprises: survey results. Benchmarking: An International Journal<\/em>, 13 (1\/2), 120\u2013134. http:\/\/dx.doi.org\/10.1108\/14635770610644628.<\/li>\n
  5. Poufinas, T., Galanos, G. & Papadimitriou, P. (2018). The Competitiveness of Small and Medium Enterprises in Adverse Economic Environments. Theoretical Economics Letters<\/em>, 8, 2788-2802. doi:4236\/tel.2018.813175.<\/li>\n
  6. Lisowska, R. & Stanislawski, R. (2015). The Cooperation of Small and Medium-Sized Enterprises with Business Institutions in the Context of Open Innovation. Procedia Economics and Finance<\/em>, 23, 1273-1278. https:\/\/doi.org\/10.1016\/S2212-5671(15)00509-2<\/li>\n
  7. O. Teletov & Grigorenko, V. (2019). The state and prospects of marketing strategies for small and medium business enterprises in Innovative technologies and scientific solutions for industries<\/em>, 2 (8), 97-104. DOI:https:\/\/doi.org\/10.30837\/2522-9818.2019.8.097 [in Ukrainian].<\/li>\n
  8. Ruchkina, G., Melnichuk, M., Frumina, S. & Mentel, G. (2017). Small and medium enterprises in regional development and innovations. Journal of International Studies<\/em>, 10(4), 259-271. doi:10.14254\/2071-8330.2017\/10-4\/20<\/li>\n
  9. Bejhul, B. (2006). Bases of formation of regional policy of development of small business<\/em> (Abstract of Ph.D. Thesis). Deployment of productive forces and regional economy. Poltava: Poltava National Technical Yuri Kondratyuk University.<\/li>\n
  10. Boreiko, V. (2018). Management by the Development of Small and Medium Business in Ukraine. Intercultural Communication<\/em>, 4(1), 229-244. [in Ukrainian].<\/li>\n
  11. Varnalij, Z. S. (2010). Male pidpryiemnytstvo: osnovy teorii i praktyky. <\/em>Kyiv: Znannia <\/em>[in Ukrainian].<\/li>\n
  12. Hovorushko, T. A. & Tymchenko, O. I. (2006). Malyj biznes: navch. posibnyk<\/em>. Kyiv: Tsentr navchal’noi literatury [in Ukrainian].<\/li>\n
  13. Zhytomyr Region Development Agency. Official web-site. Retrieved from http:\/\/zrda.org\/ [in Ukrainian].<\/li>\n<\/ol>\n

    [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Received:<\/strong> 16 November 2019<\/p>\n

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    Ivanytska, S. & Troyan, Yu. (2019). Prospects of Small and Medium Business Development in Ukraine. Modern Economics<\/em>, 18(2019), 49-54. DOI: https:\/\/doi.org\/10.31521\/modecon.V18(2019)-08.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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    [vc_row][vc_column][vc_column_text] JEL Classification: \u041029. DOI: https:\/\/doi.org\/10.31521\/modecon.V18(2019)-08 [\/vc_column_text][vc_column_text] Ivanytska\u00a0S., PhD (Economics), Associate Professor of the Department of Economics, Entrepreneurship and Marketing, National University \u00abYuri Kondratyuk Poltava Polytechnic\u00bb, Poltava, Ukraine ORCID ID: 0000-0002-7111-270X e-mail: azz123z@meta.ua Troyan\u00a0Yu., student, National University \u00abYuri Kondratyuk Poltava Polytechnic\u00bb, Poltava, Ukraine ORCID ID: 0000-0003-4617-5415 e-mail: leria.zvezda@gmail.com Prospects of Small and Medium Business Development
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