How can Russia provide more effective operational and financial support to its SME sector?

By

ACKNOWLEDGEMENT

I would like to take this chance for thanking my research facilitator, friends & family for support they provided & their belief in me as well as guidance they provided without which I would have never been able to do this research.

DECLARATION

I, (Your name), would like to declare that all contents included in this thesis/dissertation stand for my individual work without any aid, & this thesis/dissertation has not been submitted for any examination at academic as well as professional level previously. It is also representing my very own views & not essentially which are associated with university.

Signature:

Date:

ABSTRACT

This research explores the evolution of small business in Russia. Russian government's commitment to small business development is a barometer, where Russia intends to go in the future. Small business reform entails improves the environment in which businesses operate and thrive. SMEs are the backbone of economy, which has high development potential, this research explore the role Russia's SMEs in its economic development and explore how does the process of development of small and medium enterprises face many difficulties, including difficulties in financing which is a major bottleneck hindering the development. This research explores the factors that influence the decision-making in SMEs. This study is important for both academic and policy development because it will enhance the significant contribution to existing literature, that businesses could apply for their development. SMEs have high potential of growth. Small businesses create jobs, and consequently enhance social security. Research indicated that small business growth and development is largely dependent on the quality of the overall entrepreneurial environment. In case of Russia, its weak infrastructure is a major hindrance to small business development as well as broader economic growth, and government can provide more effective support to SME sector by providing better infrastructure and effective legislation.



Table of Contents

ACKNOWLEDGEMENT2

DECLARATION3

ABSTRACT4

CHAPTER 01: INTRODUCTION7

Background of the Study7

Problem Statement7

Aims and Objectives8

Research Questions8

Significance of the Study9

CHAPTER 02: LITERATURE REVIEW10

Small Business and Market Economies10

Entrepreneurship in Russia11

Profile of the Small Business Sector14

Putting Small Business Development on the Agenda16

Reforms of the 1990s16

CHAPTER 03: METHODOLOGY19

Overview of Qualitative and Quantitative Research Approaches19

Research Method and Design Appropriateness21

Benefits and Disadvantages of Mixed Method22

Informed Consent23

Confidentiality23

Data Analysis24

CHAPTER 04: SUMMARY OF FINDINGS25

CHAPTER 05: ANALYSIS OF FINDINGS35

Administrative Barriers35

Taxation37

Access to Credit38

Federal Funding40

Limits of Legislation41

CHAPTER 06: MAIN CONCLUSIONS AND RECOMMENDATIONS44

Implications for Growth of the Small Business Sector44

Access to Premises44

Demographic Welfare45

Infrastructure Development46

Regional Initiatives47

REFERENCES50

APPENDIX55

Questionnaire55

Survey Questionnaire Graphs59

CHAPTER 01: INTRODUCTION



Background of the Study

This research explores the evolution of small business reform in Russia. Why is it important that the rest of the world keep abreast of small business development in Russia? How can Russia provide more effective operational and financial support to its SME sector? The Russian government's commitment to small business development is a barometer of where Russia intends to go in the future. The underlying struggle of this story is between pursuing a path of “state corporatism,” and truly diversifying and adopting a “market” oriented model with a strong small business ...