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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international investments• Government is notsupportive for <strong>SME</strong>cooperation with partnersfrom o<strong>the</strong>r countries• Not favourabletaxation system for <strong>SME</strong>sector fast growthTechnological • Low level <strong>of</strong> Internetaccess• Financingopportunities for <strong>SME</strong>innovative technologyprojects are much lowerthan <strong>the</strong> dem<strong>and</strong>• Limited options forlong-term financing• Low domesticcustomer dem<strong>and</strong> for hightech <strong>SME</strong> productsGlobal • Sharp internationalcompetition in <strong>the</strong> area <strong>of</strong><strong>SME</strong> products <strong>and</strong>servicesfor cooperation withRussian companies, <strong>and</strong>financing from Russia• Internet accessibilityin <strong>the</strong> large cities isgrowing• Fast development <strong>of</strong>communicationtechnologies• Traditions <strong>and</strong>existing from <strong>the</strong> Soviettimes infrastructure• Large companies areinterested in financinghigh tech <strong>SME</strong> projects• Implementation <strong>of</strong>WTO principles• Internationalintegration, <strong>and</strong>knowledge transfer• State <strong>and</strong> privatecapital support for R&Dactivities in <strong>SME</strong> sector• Creation <strong>of</strong>information network for<strong>SME</strong> needs• Sponsoring <strong>of</strong> ITtraining for <strong>SME</strong>• Develop a specialbody helping <strong>the</strong> hightech <strong>SME</strong> products tosell abroad• Knowledge transferprograms; seminars;roundtablesFactors Negatively affecting Positively affecting SuggestionsCountry factorendowmentsCountryinstitutionalframework (seeanalysis onpolitical/legislative dimension)Related <strong>and</strong>supportingindustries• Culturally very diverseCrimean population.Hidden ethnical problems.4. Sever, <strong>and</strong> <strong>of</strong>teninternal fights between<strong>the</strong> major political groupsthat mess up <strong>the</strong> work <strong>of</strong><strong>the</strong> government5. Incompleteinstitutional frameworkwith an immature system<strong>of</strong> law enforcement <strong>and</strong>controlSome political issuesinvolved in <strong>the</strong>relationship betweenRussia <strong>and</strong> Ukraine whendiscussions on Crimeanfuture happen• High level <strong>of</strong> education<strong>of</strong> a labour• Great naturalenvironment <strong>of</strong> a Black Seacoast6. In general <strong>the</strong> legislativesystem for <strong>the</strong> <strong>SME</strong>business development isalready created <strong>and</strong> slowlyimproving7. Strategically position<strong>the</strong>mselves as participants<strong>of</strong> European integrationprocess• Underdeveloped • The existinginfrastructure from <strong>the</strong>Soviet Union times is still inuse (electrical lines, railway system, airports, <strong>and</strong>roads)• Favourable climate for• Develop nationalprogram <strong>and</strong> build onnational absoluteadvantage <strong>of</strong> a uniqueclimate zone <strong>and</strong> BlackSea conditions• Create a Stateprogram <strong>of</strong> retraining <strong>SME</strong>managers8. Continue working oninstitutional frameworkimproving <strong>the</strong> <strong>SME</strong> relatedlaws <strong>and</strong> laws enforcementsystem9. Work on informationnetwork helping its freecirculating in <strong>SME</strong> sector• Invest in <strong>the</strong> <strong>SME</strong>infrastructureimprovement82
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