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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Factors Negatively affecting Positively affecting SuggestionsCountry factorendowments• Culturally are lessentrepreneurial thanpeers• Closeness <strong>of</strong> Chechnya• High level <strong>of</strong>education <strong>of</strong> a labourincluding <strong>SME</strong>managerial education• Great naturalenvironment <strong>of</strong> aBlack Sea coast• Massive immigrationfrom <strong>the</strong> moreentrepreneurialcultures• Develop nationalprogram <strong>and</strong> build onnational absoluteadvantage <strong>of</strong> a uniqueclimate zone <strong>and</strong>Black Sea conditions• Increase <strong>the</strong> support<strong>of</strong> environmentfriendly <strong>SME</strong>businesses in <strong>the</strong>regionCountryinstitutionalframework (seeanalysis onpolitical/legislative dimension)Related <strong>and</strong>supportingindustries7. Incompleteinstitutional frameworkwith slowly developingsystem <strong>of</strong> lawenforcement <strong>and</strong> control8. Some political issuesinvolved in <strong>the</strong>relationship with Ukraine<strong>and</strong> Moldova• Underdeveloped • Municipal <strong>and</strong>Federal governmenthas a complexapproach for <strong>the</strong> BlackSea development <strong>of</strong><strong>SME</strong> sector, includinginvolvement in <strong>the</strong>preparation forOlympic Games <strong>and</strong>managerial education• The existinginfrastructure from<strong>the</strong> Soviet Uniontimes is still in use(electrical lines, railway system, airports,<strong>and</strong> roads)• Favourable climatefor <strong>the</strong> agriculturalindustry• Growing interest <strong>of</strong><strong>the</strong> banking <strong>and</strong>insurance to <strong>the</strong> <strong>SME</strong>9. Stable political <strong>and</strong>administrativesystems13. Continue working oninstitutionalframework improving10. Gradual change to<strong>the</strong> more “balanced”model <strong>of</strong> economicdevelopment with agrowing attention to<strong>the</strong> <strong>SME</strong> needs11. In general <strong>the</strong><strong>the</strong> <strong>SME</strong> related laws<strong>and</strong> laws enforcementsystem14. Work on informationnetwork helping itsfree circulating in <strong>SME</strong>sectorlegislative system for<strong>the</strong> <strong>SME</strong> businessesdevelopment isalready created <strong>and</strong>improving12. Internationalizationstrategy is understoodas a futureperspective by <strong>the</strong>majority <strong>of</strong> <strong>SME</strong>managers <strong>and</strong>municipal <strong>of</strong>ficials in<strong>the</strong> Black Sea Region• Invest in <strong>the</strong> <strong>SME</strong>infrastructureimprovement79