Sustainability, growth and entrepreneurial orientation of small innovative enterprises

Main Article Content

Lyubov Lipych
Oksana Khilukha
Myroslava Kushnir
Iryna Volynets
Liudmyla Shostak

Abstract

Almost all over the world, small business is a source of prosperity and sustainability for societies and nations. Therefore, research on small businesses in measuring sustainability is essential for achieving several sustainable development goals. In this article, we propose to reflect on the relationship between entrepreneurial orientation, growth and sustainability of a small business. This study consists of three main parts. Firstly, we revealed the role of small businesses in Ukraine's sustainable development and explored the European experience. Secondly, we explored the main components of business orientation and enterprise growth of Ukrainian small innovative enterprises. Thirdly, we established the relationship between the individual components of enterprise growth and its entrepreneurial orientation. We also discussed the informatization issues in connection with expanding the entrepreneurial orientation of small enterprises to strengthen their role in sustainable development processes, especially in the context of the COVID-19 pandemia. This research can be helpful both to SMEs and the government as the basis for developing and changing policies on small business growth and innovations.

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Article Details

How to Cite
Lipych, L. ., Khilukha, O. ., Kushnir, M. ., Volynets, I. ., & Shostak, L. . (2021). Sustainability, growth and entrepreneurial orientation of small innovative enterprises. Law, Business and Sustainability Herald, 1(2), 34–47. https://doi.org/10.46489/lbsh.2021-1-2-3
Section
Articles
Author Biographies

Lyubov Lipych, Lutsk National Technical University

Lyubov Lipych, DSc (Economics), Professor, Department of Entrepreneurship, Trade and Logistics, Lutsk National Technical University, Lvivska 75, 43018 Lutsk, Ukraine, e-mail: lglipych@gmail.com (corresponding author), ORCID: https://orcid.org/0000-0002-9059-7271

Oksana Khilukha, Lviv University of Business and Law

Oksana Khilukha, PhD, Associate Professor, Department of Enterprise Economics and Information Technology, Lviv University of Business and Law, Kulparkivska str. 99, 79021 Lviv, Ukraine, ORCID: https://orcid.org/0000-0002-1228-7171

Myroslava Kushnir, Ukrainian Catholic University

Myroslava Kushnir, PhD, Art. teacher, Department of Applied Economics and Business, Ukrainian Catholic University, Ilariona Sventsitskoho 17, 79011 Lviv, Ukraine, ORCID: https://orcid.org/0000-0002-4441-4278

Iryna Volynets, Lesya Ukrainka Volyn National University

Iryna Volynets, Candidate of Economic Sciences, Associate Professor, Department of Management and Administration, Lesya Ukrainka Volyn National University, Prosp. Voli, 13, 43025 Lutsk, Ukraine, ORCID: https://orcid.org/0000-0003-2556-2109

Liudmyla Shostak, Lesya Ukrainka Volyn National University

Liudmyla Shostak, Candidate of Economic Sciences, Associate Professor, Department of Entrepreneurship and Marketing, Lesya Ukrainka Volyn National University, Prosp. Voli, 13, 43025 Lutsk, Ukraine, ORSID: https://orcid.org/0000-0001-8786-9582

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