Strategies for the Sustainable Development and Efficiency

Enhancement of Small Enterprises

Azimjon Adashev

Namangan Institute of Engineering and Construction, Namangan, Uzbekistan

Keywords: Small Company, Economic and Social Dynamics, Modernization, Economic Growth, Financing Availability,

and Competitiveness.

Abstract: Small businesses are seen as the backbone of the economy, and their growing socioeconomic significance in

all facets of Uzbekistan's socioeconomic development—including its expanding technical, technological,

economic, and social content—makes scientific research on the field's evolution all the more pertinent. The

paper looks at how small company organizations may grow sustainably and increase their efficiency.

1 INTRODUCTION

Pertinence of the study subject. "A specific area in the

Constitution should be reserved for introducing free

market mechanisms, maintaining healthy competition

and the inviolability of private property, and

encouraging entrepreneurship. You are all aware of

the radical changes that are occurring in today's world.

the world's complex geopolitical environment, the

growing need for food, the depletion of energy

resources, and the rising cost of financial resources.

We will resolutely continue economic reforms, fully

utilize domestic capabilities, and further help the

private sector in such a situation, no matter how

challenging it may be. First and foremost, significant

responsibilities have been established to expedite

reforms aimed at enhancing the business environment.

In order to accomplish these goals, work on assuring

the steady growth of small businesses in the economy

and boosting their productivity must be accelerated.

Scientific research on the sector's development is

more pertinent now than ever because of the growing

socioeconomic significance of private

entrepreneurship and small businesses in all spheres

of Uzbekistan's socioeconomic development, as well

as the growth of technical, technological, economic,

and social content.

Posing a problem for science. In the context of the

economy's modernization, it is crucial from a

scientific standpoint to create suggestions that will

https://orcid.org/0009-0004-5776-2273

enhance sustainable development and boost the

effectiveness of laws and regulations governing the

growth of small businesses.

The study's objective. An examination of

strategies for the efficient growth and development of

small businesses. explanation of their usefulness in

the economy.

The essence of science. The information gathered

for this article is examined to identify the purpose(s)

of scientific inquiry, upon which the approaches and

strategies (possibilities) for accomplishing the

purpose of the study were decided.

2 RESEARCH METHODS

Economic-statistical techniques, systematic analysis,

grouping comparison, comparison, scientific

abstraction, and selective observation techniques

were employed as research methods after scientists'

opinions regarding how to increase the efficiency of

small business entities and promote sustainable

development were studied.

3 MAIN RESULTS

Maintaining high rates of economic growth and

bolstering macroeconomic stability are priorities for

Uzbekistan. Through economic stimulation of the

Adashev, A.

Strategies for the Sustainable Development and Efﬁciency Enhancement of Small Enterprises.

DOI: 10.5220/0012966600003882

Paper published under CC license (CC BY-NC-ND 4.0)

In Proceedings of the 2nd Pamir Transboundary Conference for Sustainable Societies (PAMIR-2 2023), pages 1339-1341

ISBN: 978-989-758-723-8

1339

development of small business entities, special

emphasis is made to the comprehensive and

proportionate socio-economic development of

regions, districts, and cities.

The growth of small businesses positively impacts

the development of the nation's economy in many

sectors, yet small businesses risk failing in the

absence of government support. (Table 1).

Table 1: Year-Wise Impact of Each Industry

Networks 2018 2019 2020 2021 2022 (+,-)

Industry 62.4 56.0 55.7 54.9 51.8 -10.6

Construction 37.4 25.8 27.9 27.0 25.9 -11.5

Employment 73.2 75.8 72.5 72.4 71.6 -1.6

Export 76.3 76.2 74.5 74.4 74.6 -2.3

Import 27.2 27.0 20.5 22.3 29.5 2.3

The figure indicates that 29.5% of imports come from

small businesses and individual entrepreneurship. It

is evident that, in comparison to other years, the share

of industry, construction, employment, and export

indicators has dropped.

Since small businesses play such a significant role

in the nation's economic and social landscape, most

nations are creating policies and legislation to support

the growth of small businesses. As of right now, there

are substantial differences between the small

company assistance systems created in various

nations with regard to the basic principles of

economic policy, the determination of priorities, the

allocation of cash, and the budgetary resources

involved.

One of the most important issues in increasing

employment today is the rapid development of small

business entities, providing them with ample

opportunities and privileges, and comprehensive

support and encouragement of small business entities

is considered the most important direction of

reforming the real economy.

Figure 1: The number of jobs in small business and private

entrepreneurship in the Republic of Uzbekistan

Of course, the use of small businesses is of great

importance in positively changing the employment of

the population in the labor market. In this regard,

small businesses can mitigate and, if necessary,

reduce many problems related to the impact of socio-

economic factors in the field of employment.

Given the significance of small businesses to the

economy, the state's middle-class policy strives to

establish and foster as many effective, quickly

growing small businesses as it can. In addition to

addressing the aforementioned issues of guaranteeing

population employment, this work aims to

accomplish the objectives of the regional anti-

monopoly policy and the environmental protection

policy. A high degree of healthy competition is

ensured by a large number of small businesses.

Additionally, a large number of small businesses can

help prevent or limit the excessive concentration of

political and economic power in the hands of a few.

At the moment, small businesses in the Republic

of Uzbekistan are actively involved in helping to

resolve a variety of regional economic and social

issues. Its operations support the economy's

restructuring, the formation of new ownership entities,

the middle class, the creation of a competitive

environment, the supply of goods and services on the

market, and the resolution of employment issues. The

market economy, which is distinguished by unique

mobility, flexibility, and high efficiency, depends

heavily on small businesses.

4 CONCLUSION

Small business entities are given access to special

programs and structures that are funded by the state

budget to help them implement promising scientific

and technological advancements, re-equip small

businesses with modern equipment, and train and

retrain staff members for small and medium-sized

PAMIR-2 2023 - The Second Pamir Transboundary Conference for Sustainable Societies- | PAMIR

1340

enterprises. The government's initiatives to strike a

balance between the interests of the state and business,

to create the best possible environment for business

operations, and to boost small business

competitiveness must be closely monitored in the

development of small businesses and private

entrepreneurship. Each small business entity's unique

organizational characteristics are defined not only by

its content and structure but also by the way the

production process is set up in terms of time and space,

the kinds of products it produces, and its overall

structure. The government's initiatives to strike a

balance between the interests of the state and business,

to create the best possible environment for business

operations, and to boost small company

competitiveness must be closely monitored in the

growth of small businesses and private

entrepreneurship. In addition to content and structure,

the organization of production processes in terms of

time and space, production types, enterprise

production structure, and other organizational and

economic factors all play a role in determining the

unique characteristics of how each small business

entity organizes its activities. Relying on the system

of conceptual approaches to the category of stability

in small business entities is essential for the

organization and enhancement of the production

process.

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