The article contains the analysis of the impact of information and communication technologies as well as mobile technologies for the conduction of small and medium business in the emerging countries. Special approach is suggested for the development of the concept of business-processes management on small and medium enterprises.
Scott L. Newbert, PhD, is associate professor of management, Harry Halloran Emerging Scholar in Social Entrepreneurship, and Anne Quinn Welsh Faculty Fellow in Honors at Villanova University. His research on the socioeconomic impacts of entrepreneurial activity and valuation strategies for small firms has been published in numerous journals, including Strategic Organization, Small Business Economics, and Entrepreneurship Theory and Practice. He received his doctorate in strategic management and entrepreneurship from Rutgers University.
The importance of developing small enterprise at all levels (federal, regional, municipal)is pressing in Russia now. Solving this matter is seen to be a possibilityto speed up modernization of the economy in Russia, to transfer it to an innovativeway of development and to fi nd more effi cient models to support small enterprise.Since forming small enterprise takes place at the municipal level, it is therethat our attention must be focused on.Th e author singles out three main stages of the interaction of small businesswith local authorities: the fi rst stage (from 1990 to 2003) is a period of an activesearch for models of support; the second stage (from 2003 to 2007) is a period oflocal government reforms an its further development; the third stage (from early2008 to the present time) is a period of passive activity of the local administrationbodies and limited possibilities to support small enterprise. Th e article also characterizesthese three stages.
The book consists of several units covering various aspects of business organisation. The main economic systems, the role of an enterprise as a basic unit of production, the characteristics of small-scale and large-scale business are considered. Corporation as a form of business organisation with its structure, management and financial aspects of operating is analysed.
The paper examines the structure, governance, and balance sheets of state-controlled banks in Russia, which accounted for over 55 percent of the total assets in the country's banking system in early 2012. The author offers a credible estimate of the size of the country's state banking sector by including banks that are indirectly owned by public organizations. Contrary to some predictions based on the theoretical literature on economic transition, he explains the relatively high profitability and efficiency of Russian state-controlled banks by pointing to their competitive position in such functions as acquisition and disposal of assets on behalf of the government. Also suggested in the paper is a different way of looking at market concentration in Russia (by consolidating the market shares of core state-controlled banks), which produces a picture of a more concentrated market than officially reported. Lastly, one of the author's interesting conclusions is that China provides a better benchmark than the formerly centrally planned economies of Central and Eastern Europe by which to assess the viability of state ownership of banks in Russia and to evaluate the country's banking sector.
The paper examines the principles for the supervision of financial conglomerates proposed by BCBS in the consultative document published in December 2011. Moreover, the article proposes a number of suggestions worked out by the authors within the HSE research team.