INNOVATIVE MECHANISMS FOR IMPROVING THE EFFICIENCY OF SMALL AND MEDIUM-SIZED BUSINESSES
DOI:
https://doi.org/10.55640/Keywords:
Innovative mechanisms, small and medium-sized enterprises (SMEs), efficiency, competitiveness, digital transformation, innovation management, technological modernization, entrepreneurship development.Abstract
The article explores innovative mechanisms aimed at improving the efficiency and competitiveness of small and medium-sized businesses (SMEs). In the context of digital transformation and globalization, SMEs play a vital role in ensuring sustainable economic growth and social stability. The study analyzes modern approaches to innovation management, technological modernization, and digitalization processes that enhance operational performance and productivity. Special attention is given to the development of innovative ecosystems, financial instruments, and state support programs that stimulate entrepreneurial activity. The article also examines foreign best practices and provides recommendations for implementing effective innovation-driven strategies to strengthen the sustainability and profitability of SMEs in the national economy.
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