Foreign experience in the formation of an innovative environment for the development of small and medium sized enterprises
https://doi.org/10.46914/1562-2959-2020-1-4-188-194
Abstract
The article examines the efficiency of various international expertise in adopting the innovative environment among small and medium-sized enterprises sector and creating similar innovative potential in Kazakhstan. SMEs sector is considered a vital part of any single economy of the world, there a lot of explanations on this situation, such as an increase of job opportunities and rise of GDP; therefore there is a huge number of different practices implemented in order to increase the efficiency and benefits of this market. In addition, this research describes not only possible measures to improve the business environment for small and medium-sized enterprises (SMEs) in general, but also concrete measures aimed at directly stimulating SMEs. While some developed countries introduced the newest innovative financial platforms such as getting SMEs in IPO, developing countries can still use the opportunities to fight against poverty in cooperation with international organizations that provide world-class training for SMEs. Additionally, the significance of a digitalization of operational processes of SMEs is emphasized. Although different practices can make a significant contribution on their own, it is argued that the policies of creating an innovative environment should be multi-sided, involving different activities implemented simultaneously, not only focusing on governmental support, but also innovating new independent projects with the help of the government. The conclusions received in this research provides the basis for the adoption of these methods and practices in the development of small and medium-sized businesses in the Republic of Kazakhstan and Central Asian countries.
About the Authors
B. M. Bayadilova
Kazakh Humanitarian Law Innovative University
Kazakhstan
PhD student
Kazakhstan
PhD student
A. A. Amanbayeva
Kazakh Humanitarian Law Innovative University
Kazakhstan
PhD, senior lecturer
Kazakhstan
PhD, senior lecturer
A. S. Koichubayev
Shakarim State University of Semey
Kazakhstan
PhD, acting associate professor
Kazakhstan
PhD, acting associate professor
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Review
For citations:
Bayadilova B.M., Amanbayeva A.A., Koichubayev A.S. Foreign experience in the formation of an innovative environment for the development of small and medium sized enterprises. Bulletin of "Turan" University. 2020;(4):188-194. https://doi.org/10.46914/1562-2959-2020-1-4-188-194
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