Barriers and opportunities for hi-tech innovative small and medium enterprises development in the 4th industrial revolution era
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Released OnWednesday, 20 December 2017
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Author(s)Larysa AntoniukLink to ORCID Index: https://orcid.org/0000-0003-1389-4720
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Iuliia Gernego
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Vyacheslav Dyba
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Yevheniia PolishchukLink to ORCID Index: https://orcid.org/0000-0002-6133-910X
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Yuliia SybirianskaLink to ORCID Index: https://orcid.org/0000-0003-4075-3560
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DOIhttp://dx.doi.org/10.21511/ppm.15(4).2017.09
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Article InfoVolume 15 2017, Issue #4, pp. 100-113
- Cited by
- 525 Views
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103 Downloads
This work is licensed under a
Creative Commons Attribution-NonCommercial 4.0 International License
High-tech innovative SMEs’ development plays crucial role in economic growth of every country. It creates new work places and infrastructure, motivates people for creating new ideas. At the same time, SMEs still face with a huge number of problems in the business performance. The purposes of the research are: to define main barriers for high-tech SMEs’ development in the 4th industrial revolution era (4IR); to work out recommendations for policy-makers towards intensification of SMEs’ potential.
For this purpose, the authors reviewed studies devoted to the SMEs’ innovative development and revealed that main barriers of SMEs’ development are related to inefficient government support in this sphere. In order to work out recommendations for Ukrainian policy-makers in the area of SMEs’ development, the authors conducted a survey of local high-tech SMEs and on the basis of SWOT-analysis distinguished the main directions for their further improvement. Finally, a set of recommendations for improving SMEs’ environment in Ukraine, taking into consideration the challenges of the 4th IR, was developed.
- Keywords
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JEL Classification (Paper profile tab)O30, O38, O11
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References21
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Tables3
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Figures5
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- Figure 1. Contribution of SMEs to GDP (middle values) (Growing the global economy through SMEs)
- Figure 2. The Kauffman Index of startup activity (1997–2016)
- Figure 3. Main obstacles for SMEs growth in developing countries (Wang, 2016)
- Figure 4. Types of government support for development of innovations
- Figure 5. Areas of surveyed small innovative business activity
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- Table 1. The number of enterprises, employment and value added by SMEs and large enterprises in the EU-28 in 2015
- Table 2. SWOT-analysis of SME Development Policy Implementation in Ukraine, 2016
- Table 3. Roadmaps of development strategies in different countries
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Exploring fast moving consumer goods (FMCG) small, medium and micro enterprises manufacturers’ need for innovation to achieve growth
Environmental Economics Volume 8, 2017 Issue #2 pp. 8-16 Views: 1085 Downloads: 543 TO CITE АНОТАЦІЯThe purpose of this paper is to investigate the problems of the sustainable development, to explore the level of innovation in the fast moving consumer goods (FMCG) manufacturing SMMEs sectors, which most affects on the state of the environment, to identify the causes of low innovation in the industry and to examine these factors influence on the effectiveness of SMMEs manufacturers innovation strategies, as well as to invent a new innovation strategic approach to overcome innovation problems in the economic growth of fast moving consumer goods SMMEs manufacturers. The study is aimed to determine the level of innovation and factors contributing to low innovation in fast moving consumer goods (FMCG) SMMEs manufacturers, which hinder their economic performance. Mixed approach of quantitative and qualitative questionnaire is used for primary data collection. Sample consists of 120 SMMEs. Statistical Package for Social Sciences (SPSS) (23.0) was employed for data analysis. The study results are presented with figures and diagrams. This study will be a useful tool for general public and relevant stakeholders in this sector.
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Competitiveness of the information economy industry in Ukraine
Tetiana Ponomarenko ,
Veronika Khudolei ,
Olha Prokopenko ,
Janusz Klisinski
doi: http://dx.doi.org/10.21511/ppm.16(1).2018.08
Problems and Perspectives in Management Volume 16, 2018 Issue #1 pp. 85-95 Views: 1045 Downloads: 443 TO CITE АНОТАЦІЯInformation economy, being the newest type, in the course of formation acquires its distinctive features, which include a significant change in the needs of investors, producers, consumers and other economic relation participants. In order to achieve a competitive information economy, state support for high-tech industries is needed. It is crucial to create a clear legal framework, give boost to the formation of intellectual capital based on other countries' experience. Implementation of the strategy for high-tech industries development in Ukraine is a decisive step in creating a platform for information technology dissemination, creation of new competitive products with high added value. The purpose of the article is to investigate the transformation to the information economy, to analyze the industry competitiveness, to define the opportunities for information sphere improvement. The theoretical aspect of the emergence and formation of the information economy category is studied, the approaches to the defining this economic category and its derivatives have been studied and generalized, essential features of the information type of economic relations have been investigated, and their main components have been determined. In the article, the relationship between the level of information economy development and the competitiveness of domestic enterprises' products has been described, the factors influencing high-tech industries development in Ukraine are considered, and suggestions as for increasing the assistance to the development of knowledge-intensive sectors, including information technology, are proposed.
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Relationships between economic growth, CO2 emissions, and innovation for nations with the highest patent applications
Mahmoud Tnani
doi: http://dx.doi.org/10.21511/ee.09(2).2018.04
This study aims to provide insight on the nexus between innovation, economic growth and CO2 emissions. In order to achieve this, data on potential factors such as innovation, environmental taxes, research and development (R&D) spending, electricity production, population size, high-technology exports and prices of photovoltaic systems are collected for the sample of the leading innovative countries over the period from 1990 to 2014. Based on a cointegrated panel methodology and a vector error correction model, the long-run, as well as the short-run dynamics of all possible combinations between the variables under study, are estimated. The results reveal that except for China, economic growth is mainly driven by electricity production, population size, CO2 emissions and R&D spending. However, innovation was found to have lesser effect on economic growth. In addition to that, the authors found evidence in favor of CO2 emissions being affected positively by population size and prices of photovoltaic systems and negatively by environmental taxes, high-technology exports, R&D spending and innovation. Moreover, on the contrary to population size, well-being is positively affected by CO2 emission and R&D spending.
