Global Competition and Small Business in the Light of 4th Industrial Revolution

The article analyses global experience dealing with attaining competitiveness of companies of small and medium business, studies forms, methods, specific features, goals of the new stage of shaping demand and supply on the basis of achievements of the 4th industrial revolution. The author highlights...

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Autor principal: L. N. Pavlova
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Lenguaje:RU
Publicado: Plekhanov Russian University of Economics 2021
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spelling oai:doaj.org-article:f6ead1e0893d46dca17f6aeb77e107872021-11-15T05:20:50ZGlobal Competition and Small Business in the Light of 4th Industrial Revolution2413-28292587-925110.21686/2413-2829-2021-3-101-116https://doaj.org/article/f6ead1e0893d46dca17f6aeb77e107872021-05-01T00:00:00Zhttps://vest.rea.ru/jour/article/view/1096https://doaj.org/toc/2413-2829https://doaj.org/toc/2587-9251The article analyses global experience dealing with attaining competitiveness of companies of small and medium business, studies forms, methods, specific features, goals of the new stage of shaping demand and supply on the basis of achievements of the 4th industrial revolution. The author highlights the role and place of certain countries in the development of global competition through figures of economic growth, export of goods and services and proportion of the population. The forecast of global economy growth rate in the post-pandemic period is important for researching changes in the global economy structure and trends of the global competition development. Characteristic features and indications of the new stage of the industrial revolution were analyzed as they have serious impact on small business by providing opportunities for fast growth in competitiveness. The author distinguishes different groups of risks typical of the 4th industrial revolution, which could influence seriously small entrepreneurship in the world. The impact of external global factors on shaping entrepreneurial psychology and behavior was revealed, as well as on forms and methods of managing small and medium business by integrated criteria approach. The role of state regulation in global competition and its influence on small business segment were investigated. Special attention was paid to state regulation and measures of supporting small and medium business in China. Information about finance and credit tools for supporting small and medium business in different countries was analyzed. Concrete recommendations were given dealing with best world practices of using achievements of the 4th industrial revolution in operation of companies of small and medium business and with infrastructure development, which could solve problems of capital raising. The problem was researched in view of goals set within the frames of national projects, including labour productivity and business profitability increase. The situation in the field of finance support of small entrepreneurship was studied in connection with pandemic conditions within the frames of effective infrastructure, new programs and accumulated experience. For comparison information about Russia and the US was used.L. N. PavlovaPlekhanov Russian University of Economicsarticleexport of goods and servicessmall and medium entrepreneurshiplabour productivitye-contentrisksstate regulationcovid-19 pandemicEconomics as a scienceHB71-74RUВестник Российского экономического университета имени Г. В. Плеханова, Vol 0, Iss 3, Pp 101-116 (2021)
institution DOAJ
collection DOAJ
language RU
topic export of goods and services
small and medium entrepreneurship
labour productivity
e-content
risks
state regulation
covid-19 pandemic
Economics as a science
HB71-74
spellingShingle export of goods and services
small and medium entrepreneurship
labour productivity
e-content
risks
state regulation
covid-19 pandemic
Economics as a science
HB71-74
L. N. Pavlova
Global Competition and Small Business in the Light of 4th Industrial Revolution
description The article analyses global experience dealing with attaining competitiveness of companies of small and medium business, studies forms, methods, specific features, goals of the new stage of shaping demand and supply on the basis of achievements of the 4th industrial revolution. The author highlights the role and place of certain countries in the development of global competition through figures of economic growth, export of goods and services and proportion of the population. The forecast of global economy growth rate in the post-pandemic period is important for researching changes in the global economy structure and trends of the global competition development. Characteristic features and indications of the new stage of the industrial revolution were analyzed as they have serious impact on small business by providing opportunities for fast growth in competitiveness. The author distinguishes different groups of risks typical of the 4th industrial revolution, which could influence seriously small entrepreneurship in the world. The impact of external global factors on shaping entrepreneurial psychology and behavior was revealed, as well as on forms and methods of managing small and medium business by integrated criteria approach. The role of state regulation in global competition and its influence on small business segment were investigated. Special attention was paid to state regulation and measures of supporting small and medium business in China. Information about finance and credit tools for supporting small and medium business in different countries was analyzed. Concrete recommendations were given dealing with best world practices of using achievements of the 4th industrial revolution in operation of companies of small and medium business and with infrastructure development, which could solve problems of capital raising. The problem was researched in view of goals set within the frames of national projects, including labour productivity and business profitability increase. The situation in the field of finance support of small entrepreneurship was studied in connection with pandemic conditions within the frames of effective infrastructure, new programs and accumulated experience. For comparison information about Russia and the US was used.
format article
author L. N. Pavlova
author_facet L. N. Pavlova
author_sort L. N. Pavlova
title Global Competition and Small Business in the Light of 4th Industrial Revolution
title_short Global Competition and Small Business in the Light of 4th Industrial Revolution
title_full Global Competition and Small Business in the Light of 4th Industrial Revolution
title_fullStr Global Competition and Small Business in the Light of 4th Industrial Revolution
title_full_unstemmed Global Competition and Small Business in the Light of 4th Industrial Revolution
title_sort global competition and small business in the light of 4th industrial revolution
publisher Plekhanov Russian University of Economics
publishDate 2021
url https://doaj.org/article/f6ead1e0893d46dca17f6aeb77e10787
work_keys_str_mv AT lnpavlova globalcompetitionandsmallbusinessinthelightof4thindustrialrevolution
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