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Socio-economic Development of Small and Medium Entrepreneurship: Potential of Resource-Based Approach

In: Russia and the European Union

Author

Listed:
  • Sergey Korobov

    (Volgograd State University)

  • Viktor Moseyko

    (Volgograd State University)

  • Ekaterina Novoseltseva

    (Volgograd State University)

  • Veronika Epinina

    (Volgograd State University)

  • Elena Marusinina

    (Volgograd State University)

Abstract

Sustainable socio-economic development of small and medium business is a significant structural part of any country’s economy, its basis and the key elements of the mechanism of competitiveness provision. Its achievement should be viewed from the position of resource-oriented approach. Here we aim to do the following: (1) view historical development of resource-based approach; (2) substantiate priority of application of resource-based approach in the issues of socio-economic development of subjects of SME; (3) determine directions of socio-economic development of Russian SME in the context of application of resource-based approach. The survey was based on a complex and comparative analysis of the main theoretical models of resource-based approach and possibilities and potential of resource-based approach for improvement of socio-economic position of SME in Russia. The findings confirmed that resource-based approach might be successfully applied for state support for activities of SME, which allows providing maximal socio-economic effectiveness of using the region’s existing resources.

Suggested Citation

  • Sergey Korobov & Viktor Moseyko & Ekaterina Novoseltseva & Veronika Epinina & Elena Marusinina, 2017. "Socio-economic Development of Small and Medium Entrepreneurship: Potential of Resource-Based Approach," Contributions to Economics, in: Elena G. Popkova (ed.), Russia and the European Union, pages 453-459, Springer.
    • Handle: RePEc:spr:conchp:978-3-319-55257-6_58
    DOI: 10.1007/978-3-319-55257-6_58
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