E3S Web Conf.
Volume 208, 2020First Conference on Sustainable Development: Industrial Future of Territories (IFT 2020)
|Number of page(s)||6|
|Section||Management of Sustainable Development of Territories|
|Published online||24 November 2020|
Regional factors of sustainable development of small and medium-sized businesses
1 Ural State University of Economics, 8 Marta Str. 62, 620144 Ekaterinburg, Russia
2 EAN University, Calle 719-84, Bogota, Colombia
* Corresponding author: firstname.lastname@example.org
The small and medium-sized business sector, on the one hand, plays a crucial role in the development of any region, providing the consumer market with basic goods and services, creating jobs, at the same time diversifying risks in economic development. On the other hand, the sustainability of the functioning of the small and medium-sized enterprise sector largely depends not only on national, but also on regional factors. The article examines the regional factors of development of small and medium-sized businesses. It has been found that there is no generally accepted classification of regional reasons determining the degree of sustainability of small and medium-sized enterprises. The author proposes and substantiates regional sustainability factors influencing the functioning of SMEs: economic and geographical location, the system of regional support for small and medium-sized businesses, the level of consumer demand and purchasing power. This study will make it possible to apply the successful experience of SMEs in the context of regional development, based on the key, but not exhaustive factors identified in this study.
© The Authors, published by EDP Sciences, 2020
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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