Foresight technologies in financial provision of small business in Ukraine

Author:

Frolov Sergiy1,Strilec Victoria2ORCID,Balatskyi Ievgen3ORCID

Affiliation:

1. Doctor of Economics, Professor of the Department of Finance Education and Research Institute for Business Technologies «UAB» Sumy State University

2. Ph.D., Associate Professor of the Department of Finance and Banking of Poltava University of Economics and Trade, Poltava

3. Doctor in Economics, Department of Finance, Banking and Insurance, Sumy State University

Abstract

The problems of formation of small business in Ukraine are caused by insufficient financial provision, ineffective mechanism of taxation and unsustainable state regulatory policies. The aim of the paper is analyze financial provision of small businesses and substantiation of its improvement scenarios with the use of foresight instruments. The paper evaluates the criteria of financial provision of small businesses. It offers the organizational mechanism of financial provision of small business. It also assesses the system of relations “state-small businesses” in the formation of financial provision of companies and identifies the main obstacles for the realization of small business potential. The use of foresight technologies in building scenarios for the formation of financial provision of small businesses is proposed. Stages and methods of systemic foresight are considered. The conclusion is made that financial provision of small business in Ukraine should be focused not only on changes in the legislation, but also on the improvement of state support of small businesses and expansion of the relationship “state-small businesses”.

Publisher

LLC CPC Business Perspectives

Subject

Strategy and Management,Business and International Management,General Business, Management and Accounting,Information Systems and Management,Law,Sociology and Political Science,Public Administration

Reference33 articles.

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2. Alun Rhydderch (2009) Foresight Horizon Scanning Centre. – Scenario Planning/ Foresight Horizon Scanning Centre, Government Office for Science. – 37 p. - http://webarchive.nationalarchives.gov.uk/20140108140803/www.bis.gov.uk/assets/foresight/docs/horizon-scanning-centre/foresight_scenario_planning.pdf

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