Strategic Development of Small and Medium Businesses in the System of Innovative-Integrated Cluster Structures
Journal: Quarterly Scientific Journal "Economic Herald of the Donbas" (Vol.79, No. 1)Publication Date: 2025-03-28
Authors : Hutsaliuk O. Bondar Iu. Zhurylo I. Sokolenko A.;
Page : 77-85
Keywords : small and medium-sized businesses; cluster structures; sustainable development; performance assessment; innovation; competitiveness; business support;
Abstract
The article examines the main strategic approaches to the development of SMEs in the context of their integration into innovation-oriented cluster systems, identifies key factors for the effective functioning of such structures, and formulates practical recommendations for stimulating the innovative activity of small and medium-sized businesses. Particular attention is paid to factors that affect the effectiveness of the functioning of such structures: the level of technological readiness of enterprises, the availability of innovative infrastructure, access to sources of financing, regional features and state support. Approaches to the formation of SME development strategies are proposed, taking into account the synergies of the cluster model, which allows reducing risks, optimizing costs and activating innovative activity. The results of the study can be used to develop regional programs to support small and medium-sized businesses, as well as for strategic planning of enterprises that strive for long-term competitiveness. The strategic development of SMEs in the system of innovative and integrated clusters is an important direction for strengthening the national economy and forming a modern model of its growth.
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Last modified: 2025-07-01 20:35:36