Strategies of the Development of Entrepreneurship and SME
Strategies of the Development of Entrepreneurship and SME
Strategies of the Development of Entrepreneurship and SME
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• Low level <strong>of</strong> <strong>SME</strong>cooperation withpartners from o<strong>the</strong>rcountries• Not favourabletaxation system for <strong>SME</strong>sector fast growthTechnological • Very low level <strong>of</strong>Internet access• Financingopportunities for <strong>SME</strong>innovative technologyprojects are limited• Low domesticcustomer dem<strong>and</strong> forhigh tech <strong>SME</strong> productsGlobal • Sharp internationalcompetition in <strong>the</strong> area<strong>of</strong> <strong>SME</strong> products,especially by EU membercountries (Romania, forexample, for <strong>the</strong> wineindustry)• Internet accessibility in<strong>the</strong> large cities is growing• Fast development <strong>of</strong>communicationtechnologies• Well educated labour• Large companies areinterested in financinghigh tech <strong>SME</strong> projects• Internationalintegration, <strong>and</strong>knowledge transfer• State <strong>and</strong> private capitalsupport for R&D activities in<strong>SME</strong> sector• Creation <strong>of</strong> informationnetwork for <strong>SME</strong> needs• Sponsoring <strong>of</strong> ITtraining for <strong>SME</strong>• Develop a special bodyhelping <strong>the</strong> high tech <strong>SME</strong>products to sell abroad• Knowledge transferprograms; seminars;roundtablesFactors Negatively affecting Positively affecting SuggestionsCountry factorendowmentsCountryinstitutionalframework (seeanalysis onpolitical/legislative dimension)• No cost line territories• The highest gradientin development <strong>of</strong> <strong>SME</strong>sector in a Black Searegion largely depends onpolitical stabilityrelationship with Russia,<strong>and</strong> especially Ukraine1. Political power is notstable yet2. Incompleteinstitutional frameworkwith an immature system<strong>of</strong> law enforcement <strong>and</strong>control3. Serious politicalsupport would be neededfor <strong>the</strong> development <strong>of</strong> <strong>the</strong><strong>SME</strong>s in a Black Searegion in <strong>the</strong> closeness to<strong>the</strong> Ukrainian coast line• High level <strong>of</strong>education <strong>of</strong> a labour• Great climateconditions for growingvarious agriculturalproducts <strong>and</strong> grapes –national advantage• Culturally are moreentrepreneurial thanRussians4. In general <strong>the</strong>legislative system for <strong>the</strong><strong>SME</strong> businessesdevelopment is alreadycreated <strong>and</strong> slowlyimproving• Develop nationalprogram to train <strong>SME</strong>managers• Use <strong>the</strong> favourablenature conditions <strong>and</strong>build on country’sagricultural specializationwith possible development<strong>of</strong> “green” <strong>and</strong>environmental friendlybusinesses, <strong>and</strong>production <strong>of</strong> organicfoods• The closeness to <strong>the</strong>Black Sea coast in Ukrainewould make it reasonableMoldova’s specializationon related <strong>and</strong> supportingfor tourism industries5. Continue working oninstitutional frameworkimproving <strong>the</strong> <strong>SME</strong> relatedlaws <strong>and</strong> lawsenforcement system6. Work on informationnetwork helping its freecirculating in <strong>SME</strong> sector75
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