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Success Indicators and Factors for Small and Medium-Sized Enterprises in Chelyabinsk Region of Russia

In: Entrepreneurship, Business and Economics - Vol. 1

Author

Listed:
  • Dmitri Pletnev

    (Chelyabinsk State University)

  • Ekaterina Nikolaeva

    (Chelyabinsk State University)

Abstract

The purpose of this paper is to describe the main results of author’s studies of small and medium-sized enterprises success in the Chelyabinsk region of Russia. The paper establishes professional and personal characteristics of employees as a key factor for small and medium-sized enterprises success. Entrepreneurial skills of executives are less significant. The next goes availability of financial resources. Positive relations with state or municipal authorities do not have a serious impact on small or medium-sized business success. Also the paper indicates significant differences in the proportion of successful businesses and the factors of success by fields of activity. Property rental, production of construction materials, and financial services are recognized as most successful fields of activity. The relationship between various indicators of success (return on sales and growth rate of sales) is established. Significant difference between the success of small and medium-sized enterprises in the Chelyabinsk region is identified. The result of the study can be used both by top-managers of small and medium-sized enterprises in Russia and by state authorities for the development of economic policy.

Suggested Citation

  • Dmitri Pletnev & Ekaterina Nikolaeva, 2016. "Success Indicators and Factors for Small and Medium-Sized Enterprises in Chelyabinsk Region of Russia," Eurasian Studies in Business and Economics, in: Mehmet Huseyin Bilgin & Hakan Danis (ed.), Entrepreneurship, Business and Economics - Vol. 1, edition 1, pages 115-127, Springer.
    • Handle: RePEc:spr:eurchp:978-3-319-27570-3_11
    DOI: 10.1007/978-3-319-27570-3_11
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    Cited by:

    1. Daeheon Choi & Chune Young Chung & Jason Young, 2019. "Are Economic Distance and Geographic Remoteness Important in Sustainable Trade? Evidence from the Bilateral Trade between China and Kazakhstan," Sustainability, MDPI, vol. 11(21), pages 1-20, November.

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