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Instruments of innovative development for small business in foreign countries

Author

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  • Victor Ivanovich Korolev

    (Russian Foreign Trade Academy, Moscow, Russia)

Abstract

The article examines micro-and macroeconomic instruments of innovative development for small business. Special attention is given to the role of small business in the economic development of foreign countries. Organizational stages of business process in companies are looked into with venture companies being characterized. The personnel matters of innovative activity of a company are considered. Besides, special focus is given to the analysis of the government policy on small business growth outlining the main instruments of government regulation. Based on the foreign experience the main parameters for innovative activity development in the Russian small companies are examined.

Suggested Citation

  • Victor Ivanovich Korolev, 2017. "Instruments of innovative development for small business in foreign countries," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 11, pages 52-61, November.
    • Handle: RePEc:alq:rufejo:rfej_2017_11_52-61
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    Cited by:

    1. Elena D. Vaisman & Maria V. Podshivalova & Andrew Adewale Alola, 2022. "Examining the interaction of sustainable innovation activity and the life cycle of small high‐tech enterprises," Business Strategy and the Environment, Wiley Blackwell, vol. 31(3), pages 1018-1029, March.

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