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The Role of Small Business in the Economy and Methods of Its Government Support Using the Example of the Republic of Latvia


Research purpose. The purpose of this study was to determine the role of small and medium enterprises in the economy, as well as to study and evaluate the effectiveness of government support methods for small business entities (SMEs) using the example of the Republic of Latvia. The subject of the research was the system of state regulation and promotion of SME development. The object of the research was the sphere of small business in the Latvian economy, including SMEs, infrastructure support and development of small business.

Design/Methodology/Approach. The study used basic methods of scientific knowledge of economics: an interdisciplinary approach combining methods of systems and comparative analysis, an integrated approach, induction, deduction, analysis, synthesis, methods of organization theory and management, logical analysis, strategic management and also economic analysis of small businesses.

Findings. The research resulted in a system of state regulation and promotion of SME development in Latvia developed by the author, based on an assessment of the impact of measures provided to support SMEs, taking into account the importance of the role of small business in the economy of the Republic of Latvia.

Originality/Value/Practical implications. The practical significance of the work is that the study completes a number of conclusions and practical recommendations in the field of organizational measures for effective support and multilateral development of the SME sector in the economy, recognition of the role of small business as the basis of the economic stability of the Republic of Latvia and the effectiveness of its support as the main state economic policy goal.

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Creation of High Technologies: Comparative Analysis of Countries

? Technology Analysis & Strategic Management , 10 (4), 403–422. Lundvall, B. A. (1988). Innovation as an Interactive Process: From User-Producer-Interaction to the National Systems of Innovation and Internationalization. Technology and the Wealth of Nations. London: OECD , 277–300. Retrieved from Nielsen, P. B. (2018). The puzzle of measuring global value chains – The business statistics perspective. International

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Organisational Pathologies Under Conditions of Economic Downswing

Intervention: Reducing Burnout in the Federal Service. Journal of Applied Behavioral Science, Vol. 42, No. 2, pp. 244-266. Heller V.L, Darling J.R (2011) Toyota in crisis: denial and mismanagement. Journal of Business Strategy, Vol. 32 Issue: 5, pp.4-13. Kets de Vries M. F. and Miller D. (1984). Neurotic Style and Organizational Pathology, Strategic Management, Vol. 5, Issue 1, pp. 35-55. Kieżun W. (1971). Autonomizacja jednostek organizacyjnych. Z patologii organizacji [The autonomization of organizational units

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The Role of Stakeholders in Cultural Entrepreneurship Management

.). Cinncinati:South - Western Publishing, p. 560. Cohen, L., Manion, L. (1994). Research Methods in Education. London: Routledge, pp. 718. Deakins, D. (1996). Entrepreneurship and small firms. London: McGraw-Hill, p. 248. Freeman, R.E. (2010). Strategic Management: a Stakeholder Approach. New York: Cambridge University Press, p. 279. Gill, J., Johnson, P. (2010).Research methods for managers. Los Angeles: Sage, p. 270. Haagoort, G. (2000). Arts management entrepreneurial style. Eburon: Delft, pp

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By Disobedience to Success: When Brand Value should be Measured in a Different Way than how the Theory Recommends

. Public Finance Quarterly , 25 (4), 347-365. Riesenbeck, H. (2000). Nur Power-Marken überleben. Akzente , (16), 10-15. Salamovska, S.M., & Todorovska, M. (2016). Brand Valuation and Marketing Assets Assessment - Theoretical Background vs. Contemporary Managerial Issues. Strategic Management , 21 (4), 37-44. Salinas, G. (2009). The international brand valuation manual – A complete overview and analysis of brand valuation techniques, methodologies and applications . Chichester: John Wiley & Sons. Sattler, H., Högl, S., & Hupp, O. (2002

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Forms of Employee Trainings Concerning Aspects of Cold Knowledge

Organizational Learning Culture, Leadership and Dialog in a Learning Organization. In Full Paper Proceeding ETAR-2014, Vol. 1. Conference proceedings, 1-13. Jędralska, K., Komańda, M., & Dziubińska, A. (2013). Kompetencje internacjonalizacyjne przedsiębiorstwa. Katowice: Uniwersytet Ekonomiczny w Katowicach. Kim, D.H. (1998). The link between individual and organizational learning. In The Strategic Management of Intellectual Capital. D.A. Klein (Editor), Boston: Butterworth-Heinemann, 41-61. Kisielinska, J. (2009). Bezwzorcowa

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Determination of the Value of Intangible Assets in the Companies of Lithuania

., Liučvaitienė, A. (2012). Intelektinio kapitalo vertinimo aspektai. Verslas: teorija ir praktika, 13(1), 79–93. Surroca, J., Tribo, J. A., Waddock, S. (2006). Corporate responsibility and financial performance: the role of intangible resources. Strategic Management Journal. Strat. Mgmt, 31, 463–490. Svensson, A. (2014). Voluntary Disclosure of Information on Intangibles in Corporate. Annual Reports Global Review of Accounting and Finance, 4 (1), 133–147. Tarptautinis apskaitos standartas „Nematerialusis turtas“, Nr. 38, 2007. Tarptautinis

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Efficacy of E-recruitment Practices on Employee Retention in Multinational Corporations

References Akio, T. (2005). The Critical Assessment of the Resource-Based View of Strategic Management: The Source of Heterogeneity of the Firm. Ritsumeikan International Affairs, 3, 125–150. Aktor. (2011). Interactive Market Report on European Job Sites 2011/2012 (No. 7). Allden, N., & Harris, L. (2013). Building a positive candidate experience: towards a networked model of E recruitment. Journal of Business Strategy, 34(5), 36–47. Allen, D., Bryant, P., & Vardaman, J. (2010). Retaining Talent: Replacing Misconceptions with Evidence

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