Foresight technologies in financial provision of small business in Ukraine

  • Released On
    Wednesday, 10 May 2017
  • Author(s)
  • DOI
    http://dx.doi.org/10.21511/ppm.15(1-1).2017.07
  • Article Info
    Volume 15 2017, Issue #1 (cont.), pp. 200-209
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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License

The problems of formation of small business in Ukraine are caused by insufficient financial provision, ineffective mechanism of taxation and unsustainable state regulatory policies. The aim of the paper is analyze financial provision of small businesses and substantiation of its improvement scenarios with the use of foresight instruments. The paper evaluates the criteria of financial provision of small businesses. It offers the organizational mechanism of financial provision of small business. It also assesses the system of relations “state-small businesses” in the formation of financial provision of companies and identifies the main obstacles for the realization of small business potential. The use of foresight technologies in building scenarios for the formation of financial provision of small businesses is proposed. Stages and methods of systemic foresight are considered. The conclusion is made that financial provision of small business in Ukraine should be focused not only on changes in the legislation, but also on the improvement of state support of small businesses and expansion of the relationship “state-small businesses”.

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    • Fig. 1. Organizational mechanism of small businesses financial provision
    • Fig. 2. The influence of changes in the legislation regarding the formation of financial provision of small businesses on financial results from their activity
    • Fig. 3. Correlation between the index of easiness of doing business and per capita GDP of the EU countries and Ukraine in 2016
    • Fig. 4. Realization of system foresight
    • Table 1. Index of economic freedom and easiness of doing business in Ukraine
    • Table 2. Components of the index of global competitiveness of Ukraine that influence the financial activity of small businesses in 2015-2016
    • Table 3. Strengths and weaknesses, possibilities and threats in the formation of financial provision of small businesses in Ukraine
    • Table 4. SWOT analysis matrix for the formation of financial provision of small businesses in Ukraine
    • Table 5. Indicators of РЕST analysis for the formation of financial provision of small businesses in Ukraine