The essence of small business development strategy

Стратегирование развития малого бизнеса в Российской Федерации

Matvey V. Nenko (Ненько М.В.) and Alexander Yu. Anisimov (Анисимов А.Ю.)
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Matvey V. Nenko (Ненько М.В.): University “Synergy”
Alexander Yu. Anisimov (Анисимов А.Ю.): University “Synergy”

State and Municipal Management Scholar Notes, 2024, vol. 3, 86-93

Abstract: At the present stage of development of the Russian economy, under conditions of increasing external and internal challenges, such as sanctions and limited access to foreign technologies, there is an increasing need for the development and implementation of strategies that promote the sustainable development of small businesses. These circumstances are of particular relevance in the context of the desire to ensure economic independence and increase the competitiveness of the national economy. In this regard, this study is aimed at identifying and systematizing the basic principles of strategic management, adapted to the operating conditions of small businesses in Russia. The authors of the article focus on the theoretical foundations of strategic management, including SWOT analysis, macro-environmental analysis and strategic planning, and their applicability to small businesses. Based on an analysis of scientific literature, monographs and practical studies, the authors identified key aspects that should be taken into account when formulating development strategies for small enterprises. The article highlights and details the main practical recommendations for increasing the sustainability and competitiveness of small businesses, including adaptation to changing external and internal conditions, as well as optimal allocation of resources and innovative development. In conclusion, it is concluded that strategic planning and management, based on in-depth and comprehensive analysis, play a key role in ensuring the long-term development of small businesses in Russia.

Keywords: strategic management; small business; competitiveness; SWOT analysis; macro environment; resource allocation; strategic planning; macro environment analysis; strategic management concepts; efficiency (search for similar items in EconPapers)
Date: 2024
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