Analysis of Sustainable Development of SMEs and Factors Influencing to the Ecotourism Industry

  • Dametken TUREKULOVA Kazakh University of Economics, Finance and International Trade, Kazakhstan
  • Berik BEISENGALIYEV Kazakh University of Economics, Finance and International Trade, Kazakhstan
  • Saltanat VALIYEVA Kazakh University of Economics, Finance and International Trade, Kazakhstan
  • Nurzhamal KURMANKULOVA Kazakh University of Economics, Finance and International Trade, Kazakhstan
  • Gaukhar SAIMAGAMBETOVA Caspian State University of Technology and Engineering named after Sh. Yesenov, Kazakhstan

Abstract

In order for companies, regardless of scale, to survive, function normally and have prospects for development in the current dynamic, competitive and business environment, partner search, outsourcing and participation of SMEs in the supply chains of multinational corporations are necessary. This is important because the process of globalization, integration, liberalization of markets has led to great business opportunities for SMEs, where financial sustainability matters.


 

References

[1] Altieri, M.Α. and Nicholls, C.I. 2020. Agroecology and the reconstruction of a post‐COVID‐19 agriculture. The Journal of Peasant Studies, 47(5): 881–898. DOI: https://doi.org/10.1080/03066150.2020.1782891
[2] Ayachi, H. and Jaouadi, S. 2017. Problems and perspective of ecotourism in the Island of Farasan. Society and Business Review, 12(2): 235–251.
[3] Baitarakova, B.D., et al. 2018. Using the principles of project financing as an effective instrument of management of transport infrastructure (Using elements of public - private partnerships). Espacios, 19(39): 42 - 54. https://www.revistaespacios.com/a18v39n19/18391942.html
[4] Bedelbayeva, A.E. and Lukhmanova, G.K. 2017. Trends and Problems of Biofuel Market Development in Kazakhstan. Materials Science Forum, 870: 683-687. Available at: https://www.researchgate.net/publication/307868950_Trends_and_Problems_of_Biofuel_Market_Development_in_Kazakhstan
[5] Bekezhanov, D. and Yerkinbayeva, L. 2017. Legal regulation of municipal solid waste treatment in the transition of developing countries to ‘green economy’. Journal of Advanced Research in Law and Economics, 8(3): 754-762. Available at: https://journals.aserspublishing.eu/jarle/article/view/1444
[6] Boley, B.B. and Green, G.T. 2016. Ecotourism and natural resource conservation: The potential for a sustainable symbiotic relationship. Journal of Ecotourism, 15(1): 36–50.
[7] Chebukhanova, L.V. 2019. Financing of small and medium-sized innovative enterprises in the UK. Bulletin of the Buryat State University. Economics management, 3(9): 78–86. DOI: 10.18101/2304-4446-2019-3-78-86
[8] Chrisovalantis, M., Moursellas, D.D., Prasanta, K.D. and Evangelinos, K. 2021. Sustainability performance analysis of small and medium sized enterprises: Criteria, methods and framework. Socio-Economic Planning Sciences, 15 (75): 850-861. DOI: https://doi.org/10.1016/j.seps.2020.100993
[9] Di Vaio, A., Boccia, F., Landriani, L. and Palladino, R. 2020. Artificial intelligence in the agri‐food system: Rethinking sustainable business models in the COVID‐19 scenario. Sustainability, 12(12): 851-862. DOI:https://doi.org/10.3390/su12124851
[10] Du, J. and Cai, Z. 2020. The Impact of Venture Capital on the Growth of Small- and Medium-Sized Enterprises in Agriculture. Journal of Chemistry, 5(24): 98-107. DOI: https://doi.org/10.1155/2020/2328171
[11] Gaidar, E.T. 2019. Small and Medium Business as a Factor of Economic Growth in Russia. Moscow: Publishing house of the Institute of Gaidar, 52-54pp.
[12] Gherghina, S.C., Botezatu, M.A., Hosszu, A. and Simionescu, L.N. 2020. Small and Medium-Sized Enterprises (SMEs): The Engine of Economic Growth through Investments and Innovation. Sustainability, 12 (1): 347-354. DOi: https://doi.org/10.3390/su12010347
[13] Graafland, J. and Bovenberg, L.2020. Government regulation, business leaders' motivations an environmental performance of SMEs. Journal of Environmental Planning and Management, 12(8): 1335-1355.
[14] Hakim, L. 2017. Cultural Landscape Preservation and Ecotourism Development in Blambangan Biosphere Reserve, East Java. In: Hong SK., Nakagoshi N. (eds) Landscape Ecology for Sustainable Society. Springer, Cham. DOI: https://doi.org/10.1007/978-3-319-74328-8_21
[15] Harila, l.V. and Tichaawa, T.M. 2018. Ecotourism and Alternative Livelihood Strategies in Cameroon’ s Protected Areas. EuroEconomica, 37(2): 45-56.
[16] Hoppstadius, F. and Dahlström, M. 2018. Processes of Sustainable Development: Ecotourism in Biosphere Reserves. Journal of Environmental and Tourism Analyses, 3(1): 5–25.
[17] Hunt, C.A., Durham, W.H. and Driscoll, L. 2017. Can ecotourism deliver real economic, social, and environmental benefits? A study of the Osa Peninsula, Costa Rica. Journal of Sustainable Tourism, 23(3): 37–41.
[18] Lukhmanova, G. et al. 2019. Innovative development of the agricultural sector of the Republic of Kazakhstan. Revista Espacios, 32(40): 787-795.
[19] Mastronardi, L., Cavallo, A. and Romagnoli, L. 2020. Diversified farms facing the COVID‐19 pandemic: First signals from Italian case studies. Sustainability, 12(14): 709-721. DOI: https://doi.org/10.3390/su12145709
[20] Maziriri, E.T. and Liu, G. 2020. Green packaging and green advertising as precursors of competitive advantage and business performance among manufacturing small and medium enterprises in South Africa. Cogent Business & Management, 1(7): 35-42. DOI: https://doi.org/10.1080/23311975.2020.1719586
[21] Mishra, A., Bruno, E. and Zilberman, D. 2021. Compound natural and human disasters: Managing drought and COVID‐19 to sustain global agriculture and food sectors. Science of the Total Environment, 32(754): 210-217. DOI: 10.1016/j.scitotenv.2020.142210
[22] Murzakhmetova, A., Mukhamedzhan, A. and Zhakupova S. 2020. Features and problems of development of small and medium-sized businesses in Kazakhstan in modern conditions. Bulletin of KazNU. A series of international relations and international law, 4(92): 7-15. DOI: https://doi.org/10.26577/IRILJ.2020.v92.i4.07
[23] Nambisan, S. 2017. Digital Entrepreneurship: Toward a Digital Technology Perspective of Entrepreneurship. Entrepreneurship Theory and Practice, 41 (6):1029–1055. DOI: 10.1111/etap.12254
[24] Natalia, P., Yosef, M. and Halog, A. 2019. Identification, Characterization and Stakeholder Analysis of Eco-tourism Destinations in Lake Toba Area. International Journal of Tourism & Hospitality in Asia Pacific, 2(81): 1–10.
[25] Orlov, S.N. 2020. Problems of development of small and medium-sized businesses in the context of dynamic development. Management in modern systems, 1 (25): 27-35.
[26] Pan S., et al. 2018. Science of the Total Environment Advances and challenges in sustainabletourism toward a green economy. Science of the Total Environment, 101(635): 452–469.
[27] Sabirova, R.K., Mussayeva, A. and Tazhidenova, A. 2021. The role of small businesses in reducing youth unemployment. Economics: the strategy and practice, 16 (1): 117-129. DOI:https://doi.org/10.51176/JESP/vol_16_issue_1_T12
[28] Salman, A., Jaafar, M. and Mohamad D. 2020. A comprehensive review of the role of Ecotourism in sustainable tourism development. Review of Tourism Research (eRTR), 2(18): 482-493. Available at: https://journals.tdl.org/ertr/index.php/ertr/article/view/482
[29] Sapiyeva, A.Zh., Nuruly, Y. and Assipova, Zh.M. 2020. Evaluation of the multiplicative effect of ecotourism development in Kazakhstan (on the example of the «Buyratau» National Park). Central Asian Economic Review, 6: 116-126.
[30] Sarhan, A., Abdelgalil, R. and Radwan, Y. 2017. Ecotourism principles as a framework for culturally responsive community development. Transactions on Ecology and The Environment, 57(201): 1743–3541.
[31] Vaidianu, M.N., Adamescu, M.C., Wildenberg, M. and Tetelea, C. 2017, Understanding Public Participation and Perceptions of Stakeholders for a Better Management in Danube Delta Biosphere Reserve, 11(54): 232-245.
[32] Wickert, C., Scherer, A. and Spence, L. 2017. Walking and Talking Corporate Social Responsibility: Implications of Firm Size and Organizational Cost. Journal of Management Studies, 30(53): 1169–1196. DOI:10.1111/joms.12209
[33] Williams, S. and Schaefer, A. 2018. Small and Medium-Sized Enterprises and Sustainability: Managers' Values and Engagement with Environmental and Climate Change Issues. Business Strategy and the Environment, 22 (3): 1740-1752. DOI: 10.1002/bse.1740
[34] Official website of the Committee on Statistics of the Ministry of National Economy of the Republic of Kazakhstan. Available at: www.stat.gov.kz
Published
2022-03-04
How to Cite
TUREKULOVA, Dametken et al. Analysis of Sustainable Development of SMEs and Factors Influencing to the Ecotourism Industry. Journal of Environmental Management and Tourism, [S.l.], v. 13, n. 1, p. 211-222, mar. 2022. ISSN 2068-7729. Available at: <https://journals.aserspublishing.eu/jemt/article/view/6824>. Date accessed: 22 dec. 2024. doi: https://doi.org/10.14505/jemt.v13.1(57).19.