Partnership for large and small businesses in the development strategy of the industrialized region

The article deals with the integration of large and small businesses in order to increase mutual effectiveness. Currently, large business, mainly in form of transnational and national corporations, is the foundation of the economy on a global and national scale, dominating in international trade, high technology, infrastructure and nature-exploiting industries. However, large business does not have enough mobility, it appears unable to respond quickly to the environmental turbulence. In its turn, small business demonstrates the quick response to changes in the environment, but has less resistance to the disturbance of the environment, which makes it vulnerable to market challenges. The integration of large and small businesses will be useful for both sides. The forms of such integration may be different. However, in any case, it will entail synergistic and complementary effects. The overview of the Perm region's industry by sectors (fuel and chemical industry, machine building, agriculture, construction and transport complexes), which is provided in the article, leads to the conclusion that the region's economy, focused on large business, is going through hard times. The main idea of the article is that the integration of small and medium-sized businesses with large business of the Perm region will provide a complementary and synergistic effects, which will allow for implementing a strategy for the development of the Perm region based on stirring up the investment, innovation and modernization components of the region's production and economic complex. The presented structure of small business testifies to the possibility of the integration.

Abstract licence: CC BY

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