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The development of small innovative enterprises through harmonising economic interests

[journal article]

Duplenko, Natalia G.

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Abstract The harmonisation of economic interests is one of the essential preconditions for the development of enterprises, including small ones. As practice shows, the harmonisation of major interests of small innovative business requires not only market instruments, but also state regulation, which demands the development of a corresponding mechanism. This study sets out to develop and justify the macroeconomic mechanism of development of small innovative enterprises on the basis of harmonisation of basic economic interests of their agents. The research significance of the results presented in the article consists in the fact that, for the first time, the problem of economic interest harmonisation has been considered in relation to the agents of small innovative business. The author juxtaposes the major economic interests of these agents and identifies their compatibility and conflict areas. The article offers a mechanism for the development of small innovative businesses, including two sets of instruments — those aimed at combining the agents’ efforts on the basis of their common economic interests and prevention of conflicts resulting from their incompatibility. The recommendations on the application of instruments for harmonising economic interests can be used in drawing up programmes for the development of small innovative business at the federal, regional, and municipal levels
Keywords small business; macroeconomics; economic development (single enterprise); innovation capacity; entrepreneurship; economic success; method
Classification Basic Research, General Concepts and History of Economics
Document language English
Publication Year 2012
Page/Pages p. 25-34
Journal Baltic Region (2012) 3
ISSN 2079-8555
Status Published Version; peer reviewed
Licence Creative Commons - Attribution-Noncommercial-No Derivative Works