An Analysis of Smes Market in History of Azerbaijan

Research background: World experience shows that small and medium business in a civilized form is an important condition for the restoration of not only the economy. Periods of recession, stagnation and stabilization at a time when small and medium enterprises are the acceptable form of activity wer...

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Main Author: Hasanova Vagif Jamila
Format: Article
Language:English
Published: EDP Sciences 2021-01-01
Series:SHS Web of Conferences
Subjects:
Online Access:https://www.shs-conferences.org/articles/shsconf/pdf/2021/40/shsconf_glob2021_09006.pdf
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author Hasanova Vagif Jamila
author_facet Hasanova Vagif Jamila
author_sort Hasanova Vagif Jamila
collection DOAJ
description Research background: World experience shows that small and medium business in a civilized form is an important condition for the restoration of not only the economy. Periods of recession, stagnation and stabilization at a time when small and medium enterprises are the acceptable form of activity were observed. Purpose of the article: The purpose of the study is to identify the weaknesses of small and medium enterprises in the local market, to analyze the main stages of development of such enterprises in Azerbaijan. The research database includes works on the issues of local and foreign authors, decisions of the Cabinet of Ministers and the Ministry of Economy of Azerbaijan, normative-legal acts, statistical materials. The results will serve as the basis for further actions- the formation of innovative databases for data processing and analysis, the correct creation of the management structure of many business objects, the support of know-how and start-ups, financial literacy and the reduction of profit leakage. The novelty and practical results of investigation: The importance of the impact of modern technologies and innovations on business development is also explained. The problems of business, which can hinder the diversification of the economy, were considered.
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spelling doaj.art-769c219fa6e94e21b3a08bff2e9bda7e2022-12-21T19:50:21ZengEDP SciencesSHS Web of Conferences2261-24242021-01-011290900610.1051/shsconf/202112909006shsconf_glob2021_09006An Analysis of Smes Market in History of AzerbaijanHasanova Vagif JamilaResearch background: World experience shows that small and medium business in a civilized form is an important condition for the restoration of not only the economy. Periods of recession, stagnation and stabilization at a time when small and medium enterprises are the acceptable form of activity were observed. Purpose of the article: The purpose of the study is to identify the weaknesses of small and medium enterprises in the local market, to analyze the main stages of development of such enterprises in Azerbaijan. The research database includes works on the issues of local and foreign authors, decisions of the Cabinet of Ministers and the Ministry of Economy of Azerbaijan, normative-legal acts, statistical materials. The results will serve as the basis for further actions- the formation of innovative databases for data processing and analysis, the correct creation of the management structure of many business objects, the support of know-how and start-ups, financial literacy and the reduction of profit leakage. The novelty and practical results of investigation: The importance of the impact of modern technologies and innovations on business development is also explained. The problems of business, which can hinder the diversification of the economy, were considered.https://www.shs-conferences.org/articles/shsconf/pdf/2021/40/shsconf_glob2021_09006.pdfeconomicsmesazerbaijanindustryemploymentmigration
spellingShingle Hasanova Vagif Jamila
An Analysis of Smes Market in History of Azerbaijan
SHS Web of Conferences
economic
smes
azerbaijan
industry
employment
migration
title An Analysis of Smes Market in History of Azerbaijan
title_full An Analysis of Smes Market in History of Azerbaijan
title_fullStr An Analysis of Smes Market in History of Azerbaijan
title_full_unstemmed An Analysis of Smes Market in History of Azerbaijan
title_short An Analysis of Smes Market in History of Azerbaijan
title_sort analysis of smes market in history of azerbaijan
topic economic
smes
azerbaijan
industry
employment
migration
url https://www.shs-conferences.org/articles/shsconf/pdf/2021/40/shsconf_glob2021_09006.pdf
work_keys_str_mv AT hasanovavagifjamila ananalysisofsmesmarketinhistoryofazerbaijan
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