Law, Economics and Management
- Author:
- Alla I. Popova
- Work direction:
- Экономика предпринимательства
- Abstract:
- In Russia active actions on transition to an innovative way of development of economy are undertaken. The special attention began to be paid recently on improvement of innovative processes in the field of science and equipment, production of goods and management.
Small business in Russia possesses huge potential to become a source of economic growth in the conditions of the rigid competition in the market of innovations.
Advantage of small business is ability to fast changes, independence in adoption of important decisions that promotes creation and introduction of innovations. Unlike the large companies small enterprises develop and enter innovations with a high speed and efficiency.
Small business has to act as a link in the relations between production and science, to transfer to scientific community information on demand for new products, materials, technologies.
- Keywords:
- small business, innovative economy