Small Businesses, Big Impact: Strategies that Work
Small Businesses, Big Impact: Strategies that Work
Author(s): Lia BibilashviliSubject(s): Business Economy / Management, Economic development, Human Resources in Economy, Socio-Economic Research
Published by: გორის უნივერსიტეტის გამომცემლობა
Keywords: Small businesses; economic strategy; innovation; financial resilience; human capital;
Summary/Abstract: Small businesses are central to economic development but are often underestimated in economic analysis and policy design. This article examines the strategies that allow small enterprises to create significant impact despite limited resources. Drawing on economic theory and qualitative analysis, it highlights strategic focus, adaptability, financial resilience, and efficient use of human capital as key drivers of success. The findings emphasize that small business performance depends more on flexibility and sustainability than on scale, underscoring the need for policy approaches tailored to their distinct economic characteristics.
Journal: ეკონომიკა, ბიზნესი და ადმინისტრირება
- Issue Year: V/2025
- Issue No: 5
- Page Range: 9-13
- Page Count: 5
- Language: English
