Management of small business entities

Main Article Content

Tetiana Portovaras
Zhanna Harbar
Ihor Sokurenko
Iuliia Samoilyk

Abstract

The purpose of the study is to identify the factors influencing the management of the activity of small businesses and to provide recommendations for its development through the resolution of crisis issues that prevent businesses from achieving strategic prospects and stable profits. The main factors for reducing the effectiveness of small businesses have been identified on the basis of the results of the questionnaire survey of one level of managers (small business directors), which should be taken into account in the formation of strategic management decisions and long-term development strategies. It is found that many of the factors are subject to managerial influence, which minimizes the negative impact on the performance of small business entities. The hypothesis that the main tool for stimulating small business development remains the state has confirmed with the help of research, but there is an urgent objective need to identify other factors that influence the activities of small businesses that impede their development and lead to closure. The study suggests that only a balance between the internal environment of small businesses and the regulatory framework of the state will allow them to work effectively in market conditions and provide the national economy with money. The authors present a position on the organization of a small business entity management system that reflects the links between processes and events in a market environment. The presented approach takes into account a number of elements of influence on a small business when forecasting its development in a strategic perspective. The results of the study showed that it is necessary to clearly identify the tasks at each stage of development of a small business entity, to form alternative models of its development by looking for ways to optimize activities and opportunities to avoid possible risks.

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Article Details

Section
Integration System of Education, Science and Production
Author Biographies

Tetiana Portovaras, Ternopil National Economic University

Ph.D.  in economics, Assistant
Department of Public Management and Personnel Management
Author of more than 20 scientific works.
Scientific interests: strategic analysis, accounting, auditing and economics.

Zhanna Harbar, Vinnytsia National Agrarian University

Doctor of Economics, Аssociate professor. Professor has been working at the Department of Agrarian Management of Vinnytsia National Agrarian University.
She teaches disciplines taught corporate governance and social responsibility, methodology and organization of research with the basics of intellectual property, innovation management.
Scientific interests: management, innovation management, financial management

Iuliia Samoilyk, Poltava State Agrarian Academy

Doctor of Science (Economics), Professor has been working at the Department of Economy and International Relationship of Poltava State Agrarian Academy.
She has been teaching disciplines: enterprise strategy, enterprise economics, social economics, economics and organization innovation activity, intellectual business, strategic directions of development of the agricultural sector and enterprises, competitiveness of enterprises/
Scientific interests: development of agri-food market, economic globalization, innovative economic management, cross-border cooperation, international activities, social economy.
ORCID: 0000-0003-1335-2331
ScopusID 73202564313
ResearcherID Q-8303-2016

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