Strategic development of small businesses in Russian regions

Abstract

This article has been written to emphasize the significant role of small businesses in the development of different countries' economy. It defines the condition and various issues of small businesses' functioning in Russia and demonstrates the consequences of its oversight. The author's evaluation system for small business development is also provided from a regional standpoint. Also presented are the results of cluster analysis, the analysis goes on to discuss the strategic trends of small business in Russia, and it proposes mechanisms and instruments for its implementation depending on a region's attractiveness and competitiveness for small businesses.