Socio-economic Development of Small and Medium Entrepreneurship: Potential of Resource-Based Approach

Sergey Korobov (), Viktor Moseyko (), Ekaterina Novoseltseva (), Veronika Epinina () and Elena Marusinina ()
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Sergey Korobov: Volgograd State University
Viktor Moseyko: Volgograd State University
Ekaterina Novoseltseva: Volgograd State University
Veronika Epinina: Volgograd State University
Elena Marusinina: Volgograd State University

A chapter in Russia and the European Union, 2017, pp 453-459 from Springer

Abstract: Abstract Sustainable socio-economic development of small and medium business is a significant structural part of any country’s economy, its basis and the key elements of the mechanism of competitiveness provision. Its achievement should be viewed from the position of resource-oriented approach. Here we aim to do the following: (1) view historical development of resource-based approach; (2) substantiate priority of application of resource-based approach in the issues of socio-economic development of subjects of SME; (3) determine directions of socio-economic development of Russian SME in the context of application of resource-based approach. The survey was based on a complex and comparative analysis of the main theoretical models of resource-based approach and possibilities and potential of resource-based approach for improvement of socio-economic position of SME in Russia. The findings confirmed that resource-based approach might be successfully applied for state support for activities of SME, which allows providing maximal socio-economic effectiveness of using the region’s existing resources.

Keywords: Resource-based approach; Small and medium entrepreneurship; Resource; Potential; State policy; Socio-economic development (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-319-55257-6_58

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DOI: 10.1007/978-3-319-55257-6_58

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