კონფერენცია

∘ Eter Kakulia ∘ Nana Bibilashvili ∘
SMALL BUSINESS: THE FACTOR OF INNOVATIVE DEVELOPMENT OF THE ECONOMY

Summary

The advantages of small businesses are discussed with respect to large and medium business. This preference features makes it an innovative factor. It is about the types of an innovative, small organization. Small business as an act of self-awareness in innovations. The advantages of small business in the field of innovation are outlined. It concerns the issues of small business, large enterprises (corporations), scientific institutions and educational institutions in the field of CSMS. The reasons for the effectiveness of small business efficiency are investigated. The innovative structure of the economy is summed up briefly, listed and characterized by their types.

The innovative features of small business are highlighted, the areas where small innovative business is more represented. The article discusses the work done in the direction of the development of innovative economy and knowledge economy, in particular, on small and medium business strategy and importance Numerical materials reflecting the small innovative business achievements of developed countries and the results of Georgia's assessment by international organizations on the formation of innovative economy are given. It is about deficiencies in this direction. The views on the necessity of further improvement and radical work in the short term are expressed.

Ivane Javakhishvili Tbilisi State University Paata Gugushvili Institute of Economics International Scientific C O N F E R E N C E S "ECONOMY – XXI CENTURY"

E ISSN 2587 - 4691	∘ Eter Kakulia ∘ Nana Bibilashvili ∘ SMALL BUSINESS: THE FACTOR OF INNOVATIVE DEVELOPMENT OF THE ECONOMY Summary The advantages of small businesses are discussed with respect to large and medium business. This preference features makes it an innovative factor. It is about the types of an innovative, small organization. Small business as an act of self-awareness in innovations. The advantages of small business in the field of innovation are outlined. It concerns the issues of small business, large enterprises (corporations), scientific institutions and educational institutions in the field of CSMS. The reasons for the effectiveness of small business efficiency are investigated. The innovative structure of the economy is summed up briefly, listed and characterized by their types. The innovative features of small business are highlighted, the areas where small innovative business is more represented. The article discusses the work done in the direction of the development of innovative economy and knowledge economy, in particular, on small and medium business strategy and importance Numerical materials reflecting the small innovative business achievements of developed countries and the results of Georgia's assessment by international organizations on the formation of innovative economy are given. It is about deficiencies in this direction. The views on the necessity of further improvement and radical work in the short term are expressed.