Analysis of Sustainable Development of SMEs in Agriculture
Abstract
The issue of managing the financial stability of SME enterprises is one of the most relevant in modern conditions, since low financial stability can lead to the inability of the enterprise to pay its debts and obligations, as well as to the lack of funds for the development of production (investment, expansion of the material and technical base), and excess can hinder development, burdening the costs of the enterprise with excess (extra) stocks and reserves.
The key to minimizing risks, increasing their resilience and competitiveness is essential for many of the world's largest companies to develop and unlock new opportunities. The enterprises of the agro-industrial complex are no exception, given the current conditions for the functioning of the domestic economy, where certain opportunities are created for the development of small and medium-sized businesses, including in the agro-industrial complex, one of which can be noted the provision of state support for the sustainable development of small and medium-sized enterprises at the state level with the adoption a number of national projects and programs.
The aim of the study is to analyze the sustainable development of small and medium-sized businesses in the agro-industrial complex through strategic competitive advantages caused by changes that are associated with economic and structural crises in the economy. The result of the study is the identification of problems and ways to solve them.
References
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[4] Eggers, F. 2020. Masters of disasters? Challenges and opportunities for SMEs in times of crisis. Journal of Business Research, 13(116): 199–208. DOI: https://doi.org/10.1016/j.jbusres.2020.05.025
[5] Fedorova, A., Cherkashnev, R. and Esikova, I. 2018. Estimation of the efficiency of the mechanism of bank crediting subjects of small and medium business. Bulletin of Science and Practice, 4(11): 313-322. Available at: http://www.bulletennauki.com/fedorova-a
[6] Geissdoerfer, M., Savaget, P., Bocken, M.P., and Hultink. E.J. 2017. The Circular Economy – A new sustainability paradigm? Journal of Cleaner Production, 1(143): 757-768. DOI:https://doi.org/10.1016/j.jclepro.2016.12.048
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[8] Guo H., Yang Z., Huang R., and Guo, A. 2020. The digitalization and public crisis responses of small and medium enterprises: Implications from a COVID-19 survey. Frontiers of Business Research in China, 14(1): 1–25.
[9] Horne J., et al. 2020. Exploring entrepreneurship related to the sustainable development goals - mapping new venture activities with semi-automated content analysis. J. Clean. Prod, 139(242): 118052. DOI:https://doi.org/10.1016/j.jclepro.2019.118052
[10] Izmailova, M.A. 2021. Sustainable Development as a New Component of Corporate Social Responsibility. Modernization. Innovation. Research: 12(2):100–113. DOI:https://doi.org/10.18184/2079-4665.2021.12.2.100-113
[11] Karman, A. 2019. The role of human resource flexibility and agility in achieving sustainable competitiveness. International Journal of Sustainable Economy, 4(11): 324–346. DOI: 10.1504/IJSE.2019.103472
[12] Levina, A.M. 2017. Getting Competitive Advantages for High-Tech Companies: Model Formation. Strategic decisions and risk management, 4(5): 88-97. DOI: https://doi.org/10.17747/2078-8886-2017-4-5-88-97
[13] Malesios, C., Moursellas, D., KumarDey, P., and Evangelinos, K. 2021. Sustainability performance analysis of small and medium sized enterprises: Criteria, methods and framework. Socio-Economic Planning Sciences, 25(75): 993-1005. DOI: https://doi.org/10.1016/j.seps.2020.100993
[14] 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, 4(92): 7-15. DOI:https://doi.org/10.26577/IRILJ.2020.v92.i4.07
[15] Omar, A.R.C., Ishak, S., and Jusoh, M.A. 2020. The impact of Covid-19 movement control order on SMEs’ businesses and survival strategies. Geografia-Malaysian Journal of Society and Space, 16(2): 90–103.
[16] 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): 27-39. Available at: http://journal.inueco.ru/journal_25_4/
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[20] Ratten, V., Jones, P., Braga, V., and Marques, C.S. 2019. Sustainable entrepreneurship. Acad. Manag. Proc., 49(4): 633-642. DOI: https://doi.org/10.5465/ambpp.2019.17280symposium
[21] Robinson, J., and Kengatharan, N. 2020. Exploring the effect of Covid-19 on small and medium enterprises: Early evidence from Sri Lanka. Journal of Applied Economics & Business Research, 10(2): 115–124.
[22] 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
[23] Segal, S., and Gerstel, D. 2020. The global economic impacts of COVID-19, critical questions. Center for Strategic and International Studies (CSIS). Available at: https://www.csis.org/analysis
[24] Siuta-Tokarska, B. 2021. SMEs during the COVID-19 Pandemic Crisis. The Sources of Problems, the Effects of Changes, Applied Tools and Management Strategies - The Example of Poland. Sustainability, 13(18): 10185. DOI: https://doi.org/10.3390/su131810185
[25] Song, H., Yang, Y., and Tao, Z. 2020. How different types of financial service providers support small-and medium-enterprises under the impact of COVID-19 pandemic: From the perspective of expectancy theory. Frontiers of Business Research in China, 14(1): 1–27.
[26] Springmann M., et al. 2018. Options for keeping the food system within environmental limits. Nature, 314(562): 519–525. DOI: 10.1038/s41586-018-0594-0
[27] Strezov, V., Evans, A., and Evans, T.J. 2017. Assessment of the Economic, Social and Environmental Dimensions of the Indicators for Sustainable Development. Sustainable development, 3(25): 242–253. DOI:10.1002/sd.1649
[28] Teran-Yepez, E., et al. 2020. Sustainable entrepreneurship: review of its evolution and new trends. J. Clean. Prod. 144(252): 742-754. Available at: https://www.researchgate.net/deref/https%3A%2F%2Fdoi.org%2F10.1016%2Fj.jclepro.2019.119742
[29] Thorgren, S. and Williams, T. A. 2020. Staying alive during an unfolding crisis: How SMEs ward off impending disaster. Journal of Business Venturing Insights, 14(11): e00187.
[30] Оzili, P. 2020. COVID-19 in Africa: Socio-economic impact, policy response and opportunities. International Journal of Sociology and Social Policy, 3(9): 71-82. DOI: https://doi.org/10.1108/IJSSP-05-2020-0171
[31] Distribution of subsidies in the Republic of Kazakhstan. Available at: https://www.subsidies.goldau.kz
[32] Marketing research of agriculture in Kazakhstan. https://www.Kazdata.kz
[33] Official resource of «Kazhydromet». Available at: http://www.kazhydromet.kz
[34] Official resource of E-APK Program. 2018. Astana.
[35] Official resource of the Committee on Statistics of the Republic of Kazakhstan for 2010-2020. Available at: www.stat.gov.k
[36] Official resource of the programs implemented by the Damu Fund on the development of the SME sector and the diversification of the economy (macroeconomic effect). 2014-2020. Available at: https://damu.kz/
[37] Program for the Development of Productive Employment and Mass Entrepreneurship for 2017-2021.
[38] State program for the development of the agro-industrial complex of the Republic of Kazakhstan for 2017 – 2021.
[39] State program of industrial and innovative development of the Republic of Kazakhstan for 2015 – 2019.
Published
2022-06-03
How to Cite
BELGIBAYEVA, Anargul et al.
Analysis of Sustainable Development of SMEs in Agriculture.
Journal of Environmental Management and Tourism, [S.l.], v. 13, n. 3, p. 681 - 694, june 2022.
ISSN 2068-7729.
Available at: <https://journals.aserspublishing.eu/jemt/article/view/6993>. Date accessed: 12 july 2025.
doi: https://doi.org/10.14505/jemt.v13.3(59).09.
Section
Article
Copyright© 2025 The Author(s). Published by ASERS Publishing 2025. This is an open access article distributed under the terms of CC-BY 4.0 license.