Strategies of the Development of Entrepreneurship and SME

More documents

Recommendations

Info

Technological:Internetaccessibility,high-techdevelopments,knowledge andinformationtransferinfrastructure,time oftechnologyinnovationimplementations,the state supportof the idea ofbusinessincubators,willingness ofthe banking andinsuranceindustries tocoop with SMEsectorindustries• Still low level of SMEcooperation with partnersfrom other countries• Not favourable taxationsystem for SME sector fastgrowth• Internet access - stillnot close to the developednations• Financing opportunitiesfor SME innovativetechnology projects aremuch lower than thedemand• Limited options forlong-term financingGlobal • Sharp internationalcompetition in the area ofSME products• Centralization trend inthe economy in generalincreasing the bureaucracyand limiting furtheropportunities forinternational cooperationon a company levelOlympic Games activities• More attention is paidto SME sector byeconomic policy makers• Investment climate isgetting more favourablefor investing in SMEsector• Growing potentialdemand for SMEproducts and services• SME are undertakingattempts tointernationalization• Internet accessibilityin the large cities isgrowing fast• Slightly growingdomestic customerdemand for high techSME products• Fast development ofcommunicationtechnologies• Financial support of“business incubators”,and “technologicalparks”• Traditions and existingfrom the Soviet timesinfrastructure• Venture capitalists arecoming to Russia• Large companies areinterested in financinghigh tech SME projects• Slight positive changeof the banking andinsurance companies’attitudes to SMEinnovative projects• Committees oninnovations establishedin many regionsreporting to Presidentsand Gubernators• Implementation ofWTO principles• Internationalintegration, andknowledge transfer• State and privatecapital support for R&Dactivities in SME sector• Improving theinformation network forSME needs• Sponsoring of ITtraining for SME• Develop a specialbody (maybe under theumbrella of RussianChamber of Commerce)helping the high techSME products to sellabroad• Knowledge transferprograms; seminars;roundtables78
Factors Negatively affecting Positively affecting SuggestionsCountry factorendowments• Culturally are lessentrepreneurial thanpeers• Closeness of Chechnya• High level ofeducation of a labourincluding SMEmanagerial education• Great naturalenvironment of aBlack Sea coast• Massive immigrationfrom the moreentrepreneurialcultures• Develop nationalprogram and build onnational absoluteadvantage of a uniqueclimate zone andBlack Sea conditions• Increase the supportof environmentfriendly SMEbusinesses in theregionCountryinstitutionalframework (seeanalysis onpolitical/legislative dimension)Related andsupportingindustries7. Incompleteinstitutional frameworkwith slowly developingsystem of lawenforcement and control8. Some political issuesinvolved in therelationship with Ukraineand Moldova• Underdeveloped • Municipal andFederal governmenthas a complexapproach for the BlackSea development ofSME sector, includinginvolvement in thepreparation forOlympic Games andmanagerial education• The existinginfrastructure fromthe Soviet Uniontimes is still in use(electrical lines, railway system, airports,and roads)• Favourable climatefor the agriculturalindustry• Growing interest ofthe banking andinsurance to the SME9. Stable political andadministrativesystems13. Continue working oninstitutionalframework improving10. Gradual change tothe more “balanced”model of economicdevelopment with agrowing attention tothe SME needs11. In general thethe SME related lawsand laws enforcementsystem14. Work on informationnetwork helping itsfree circulating in SMEsectorlegislative system forthe SME businessesdevelopment isalready created andimproving12. Internationalizationstrategy is understoodas a futureperspective by themajority of SMEmanagers andmunicipal officials inthe Black Sea Region• Invest in the SMEinfrastructureimprovement79
Page 4 and 5:
1. SME DECLARATION AND WORKING GROU
Page 6 and 7:
While comparing the BSEC and EU doc
Page 8 and 9:
cooperation with the United Nations
Page 10 and 11:
GENERAL ASSESSMENT OF THE BSEC WG O
Page 12 and 13:
“Armenia's new law introduces a n
Page 14 and 15:
(iii)Share of the labor force of SM
Page 16 and 17:
The following data represents some
Page 18 and 19:
RankDocuments for export(number)Tra
Page 20 and 21:
• Industrial zones/Business incub
Page 22 and 23:
3.1.4. FINANCING SMEsProf. Dr. Sela
Page 24 and 25:
• the loan is secured with movabl
Page 26 and 27:
3.1.4.3. Mutual and loan guarantee
Page 28 and 29: introduction of e-signatures, only
Page 30 and 31: The Code of Conduct for Civil Serva
Page 32 and 33: Trading Across Borders Enforcing Co
Page 34 and 35: as with all non-governmental organi
Page 36 and 37: Bulgarian SMEs obtain additional ca
Page 38 and 39: • Project BG 2004/016-711.11.04 -
Page 40 and 41: usiness is not approaching them oft
Page 42 and 43: • Romanian citizens are recognize
Page 44 and 45: The preparatory project of the NDP
Page 46 and 47: • To support participation in eco
Page 48 and 49: In 2004, the National Institute of
Page 50 and 51: Incubators host on average 11 SME,
Page 52 and 53: Programs. The program is implemente
Page 54 and 55: development instrument is extremely
Page 56 and 57: accounting standards, including med
Page 58 and 59: corporations and open held corporat
Page 60 and 61: promoting SME sector, cooperation w
Page 62 and 63: • for unemployed (micro credit)
Page 64 and 65: are private pension funds, broker h
Page 66 and 67: very early steps of its democratic
Page 68 and 69: Another negative factor that is mor
Page 70 and 71: economy. The so called in the organ
Page 72 and 73: Federal funds, private capital, esp
Page 74 and 75: 4.3. MOLDOVATable 14.Dimensions Neg
Page 76 and 77: Related andsupportingindustriesDome
Page 80 and 81: Domesticdemand• Still not many pe
Page 82 and 83: international investments• Govern
Page 84 and 85: 3. Hamel, G., Prahalad, C.K. (1994)
Page 86 and 87: 5.2 DEVELOPMENT OF THE SME SECTOR I
Page 88 and 89: General Characteristic of SME Devel
Page 90 and 91: Index of SME Development in Armenia
Page 92 and 93: The same problem exists in getting
Page 94 and 95: SME support infrastructure in Armen
Page 96 and 97: 5 million was provided by UNDP and
Page 98 and 99: 5.3 DEVELOPMENT OF THE SME SECTOR I
Page 100 and 101: Diagram 1. The number of small ente
Page 102 and 103: The privatization process of object
Page 104 and 105: 13.Cabinet Provision on “Distribu
Page 106 and 107: 5.3.3. SME support infrastructure i
Page 108 and 109: The role of the state in technical
Page 110 and 111: General situation of credit marketT
Page 112 and 113: After creation and starting impleme
Page 114 and 115: At the meantime, small enterprise s
Page 116 and 117: Table. 32.Ease of businessDoingBusi
Page 118 and 119: people who start small businesses t
Page 120 and 121: are salaried and the medium - sized
Page 122 and 123: Technology Foresight in Greece 2001
Page 124 and 125: Greek VC market started to develop
Page 126 and 127: In the area of bankruptcy and restr
Page 128 and 129:
enterprises. According to TURKSTAT,
Page 130 and 131:
small size enterprise or micro ente
Page 132 and 133:
industrial enterprises. Undersecret
Page 134 and 135:
individuals, rather than well struc
Page 136 and 137:
7. SUGGESTIONS FOR THE SME DEVELOPM
Page 138 and 139:
Annex 1.MAP OF THE BLACK SEA COUNTR
Page 140 and 141:
17-18 June 2005 1 st Moscow Interna
Page 142 and 143:
ARMENIASTRENGTHS• Application of
Page 144 and 145:
BULGARIASTRENGHT• Flexibility and
Page 146 and 147:
GREECESTRENGHT• They have a vital
Page 148 and 149:
ROMANIASTRENGHTWEAKNESS• Stabilis
Page 150 and 151:
REPUBLIC OF SERBIASTRENGHT• Longe
Page 152 and 153:
UKRAINESTRENGTHS• Well educated l
Page 154 and 155:
In compliance with the Resolution m
Page 156 and 157:
1. Please provide definition of SME
Page 158 and 159:
7. Did you establish a dedicated bo
Page 160:
11. Do you have any suggestions for
show all

Strategies of the Development of Entrepreneurship and SME

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?