The Impact of the Pandemic on the Economic Development about Small and Medium Sized Businesses

Abstract

The article substantiates the use of a systems approach to the processes about business model switching in small businesses, as this approach was not previously demanded before the pandemic. In this regard, it is concluded that the study of strategic shifts made by small businesses in different segments of the economy is an important new stage in the development of the systems approach.
 This paper proposes adapting the matrix approach to distinguish crisis states for small businesses according to the properties of their business models: divergent to crisis; crisis-resistant; adaptive; temporarily limited; externally supported; true bankruptcy.
 A standardized decision-making procedure for digitalization has been developed, and the challenges that small businesses need to address when choosing a digitalization scenario as the minimum necessary sequence of actions, each element of which is necessary to realize the digital transition, have been identified.

Directions of ecological business development in the regional economic system

“…In particular, it is characterized by a broad interpretation of the concept of "green business", as well as the application of "green" ideas to business activities in the countries of the world [8]. The development of environmental entrepreneurship depends very much on many factors, including: the development of digital technologies [9][10][11] and digital transformation of the state and public administration [12][13][14][15], import substitution of innovations and technological developments [16], sustainable development of eco-tourism [17], business competitiveness and technological development of enterprises [18][19][20], support for small and medium-sized businesses [21][22][23][24], the impact of international migration [25], greening of retail trade [26],…”

Forecasting the prospects for the development of regional small business

“…In addition, to assess the forecasting potential of small businesses, it is necessary to take into account many factors affecting the actions of business entities, among which the most important ones can be noted: strengthening the role of business requirements in the digital transformation of the economy [13], the development of digital technologies [14] and robotics [15], the development of business ecosystems [16] and various technological devices [17], state control over the development of small business [18] and positive aspects of small business development [19], structuring of the economic space for small business [20], some opportunities for sustainable business development [21], including in the context of the coronavirus pandemic [22], solving problems of supply chain sustainability [23] and technological business development [24], improving the organizational and economic mechanism of innovative business development [25], supporting business development [26] and its analysis [27], cross-border succession of business [28] and the resolution of conflict relations between the subjects of the business process [29], the impact of external processes on the economic development of business [30] and the creation of social entrepreneurship [31], control over foreign companies [33] and business process management [34].…”