THE IMPACT OF ENTREPRENEURSHIP ON THE SOCIO-ECONOMIC DEVELOPMENT OF THE REGION

Abstract

The essence and structure of the economic potential of entrepreneurship and its role in the socio-economic development of the region are revealed. The forms and methods of managing the economic potential of entrepreneurship in the region are considered. In addition, the authors conducted a study of quantitative and qualitative indicators of the role of small and medium-sized businesses in the economic life of the Altai Republic. Particular attention is paid to the study of innovation and investment activity, competitiveness and social responsibility of enterprises in this segment. The results of the study allow us to better understand the contribution of small and medium-sized businesses to the development of the Altai Republic and identify the potential for improving the conditions for its functioning and interaction with the economy of the region. The priority directions of influence of the economic potential of entrepreneurship on the socio-economic development of the Altai Republic have been identified. Recommendations have been developed to stimulate the economic potential of entrepreneurship from the standpoint of socio-economic development of the Altai Republic, which includes the development of the tourism industry, through the opening of year-round tourist facilities aimed at mass consumers; development of sanatorium and resort activities in health-improving areas; development of biopharmaceuticals through the production of dietary supplements and medicines from local raw materials and products of antler reindeer husbandry; development of advanced timber processing, development of the mineral resource base, as well as the introduction of innovative projects in the field of “green technologies” (renewable energy) with the help of government support.