Received: 2021-03-15  |  Accepted: 2021-05-07  |  Published: 2021-06-30

Title

Efficiency of using the potential of small business in ensuring sustainable economic growth


Abstract

In Ukraine, small business has not yet become the foundation of the national economy and an important factor of socio-economic development. The negative trends in the activities of small business in Ukraine include a decrease in the number of small enterprises, reduction of the number of employees in small enterprises, and worsening of financial results of their activities. The purpose of the paper is to sum up theoretical and methodical foundations and develop scientific and practical recommendations for improving the efficiency of using the potential of small business in ensuring sustainable economic growth. In the process of the study, the following general and special methods were used: dialectical method; method of system analysis; method of graphic analysis; and method of logical generalization of results. Improvement of the organizational and economic relations of small enterprises with large and medium enterprises was determined as one of the directions of increasing the efficiency of small business potential, and the formation of an integration model of business associations as a set of possible forms of interaction of small, medium and large enterprises and areas of integration was suggested. The role of small business in reducing labor emigration as a form of self-employment and employment was studied. Specifics of innovative activity in the small business sector in Ukraine were considered. In order to increase the efficiency of small business potential, the introduction of innovative incubators was suggested. It is advisable to use the practical results of the study for intensification of business activities, for the purpose of increasing the efficiency of using the potential of small business in ensuring sustainable economic growth of the country.


Keywords

sustainable economic development, innovative business, potential, labor migration, efficiency


JEL classifications

K22 , L21


URI

http://jssidoi.org/jesi/article/852


DOI


Pages

742-756


Funding


This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Skuratovych, Irina
Yaroslav Mudryi National Law University, Kharkiv, Ukraine https://nlu.edu.ua
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Lytvyn, Nataliia
National University of the State Fiscal Service of Ukraine, Irpin, Ukraine http://www.nusta.edu.ua
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Panova, Iryna
Kharkiv National University of Internal Affairs, Kharkiv, Ukraine http://univd.edu.ua
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Ovcharenko, Ievgen
Volodymyr Dahl East Ukrainian National University, Luhansk, Ukraine https://snu.edu.ua
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Hryhorevska, Olena
Kyiv National University of Technologies and Design, Kiev, Ukraine https://knutd.edu.ua
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Journal title

Entrepreneurship and Sustainability Issues

Volume

8


Number

4


Issue date

June 2021


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

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References