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Item Open Access Development of Small and Medium Business Sector in Kazakhstan(Suleyman Demirel University, 2008) Smirnova ElenaThe small and medium business (SMB) sector plays a vital role in Kazakhstan’s transition toward a market economy. Despite its potential to stimulate innovation, employment, and economic diversification, SMB development faces numerous challenges. These include high tax burdens, complicated licensing procedures, limited access to finance, and corruption. Internal barriers such as insufficient entrepreneurial skills and lack of market knowledge further restrict growth. The success of SMBs depends on systemic economic reforms, effective financial support mechanisms, and strong institutional frameworks that encourage entrepreneurship. Education and training remain essential tools for improving business capacity and reducing transitional disparities. From a regional perspective, Kazakhstan’s SMB development must align with broader integration efforts across Central Asia. Strengthening the private sector, ensuring fair competition, and reducing bureaucratic obstacles are key steps toward sustainable economic development.Item Open Access Social Networks and Entrepreneurships – Does Personal Networks Matters?(Jurnal Pengurusan, 2022) Ugur Ch.Institutional and social network are several major research traditions in the business and management areas. This paper examines the role of owner/managers’ social network on entrepreneurship initiatives and the underlying socio-cultural factors promoting or impeding SME development in Kazakhstan. A semi-structured interviews were carried-out with thirteen SME owners/managers in Almaty Kazakhstan. It is found that personal networks in general social networks have significant implications on a variety of entrepreneurial activities. SMEs still need to utilize their personal social networks to substitute for formal institutions. Normative institutional elements such as legal and moral are still major factors driving entrepreneurial activities but still lagging behind regulative and cognitive institutional transformation. Business ties and networking ability may mitigate the necessity for external financing. One of the major implication in this study is the need for SME owners/managers to build personal networks and to keep and maintain this network with their peers as well as the government not only for extra information but even for the sustainability of their business. To do this, SME owners/managers need to be regularly in contact with their peers and government officials, offering helps when needed, collaborate on projects, share their goals, get connected on social media and also joining networking events.Item Open Access Increase of Economic Potential of the Enterprise(2023) Konysbek A.Purpose: The research aimed to test whether there is a distinction in entrepreneurial potential between entrepreneurs who are thriving and those who have failed; and whether there are variables that can predict entrepreneurial success or failure. Relevance: It presents an approach to entrepreneurship research tested by foreign academics, the main content of which is the empirical operationalization of success and failure in business to test a specific hypothesis and identify the prerequisites and consequences of entrepreneurial potential Key methodological aspects: The study was conducted using a descriptive and quantitative approach. Based on the Scale of Entrepreneurial Potential, the survey was completed by 61 entrepreneurs from Kazakhstan who satisfied the criteria for participation in the analysis, both successful entrepreneurs (n = 38) and entrepreneurs who failed (n = 23). The data were analyzed by using logistic regression and Student's t-test statistical methods. Summary of Key Findings: The results indicate that a successful entrepreneur scores higher on the Entrepreneurial Potential Scale than an unsuccessful entrepreneur. The main similarity between entrepreneurial potential and business success lies in setting business goals. In the study sample, gender has shown to be a strong predictor of business success, showing that men are 2.6 times more likely to be successful in business than women. Key conclusion: These findings point to vital elements in explaining business success and support recent findings from research on gender and entrepreneurship.Item Open Access Female entrepreneurship: exploring factors that motivate woman to become entrepreneurs(2023) Kuandykova S.K.This study investigates the motivations of female entrepreneurs in Kazakhstan who are involved in manual labour and explores the factors that influence their decision to start their own businesses. The research methodology employed in-depth semi-structured interviews with a sample of 30 Kazakhstani women entrepreneurs. These interviews aimed to identify and categorize the motivations and the factors affected by these motivations. The collected data was subjected to thematic analysis. The findings indicate that the primary factors driving women to become self-entrepreneurs include the desire to engage in work they enjoy, contribute to society, fulfill childhood dreams, improve their financial situations, and earn money. The study also emphasizes the importance of continuous learning for sustainable business development, as motivations evolve over time. The results shed light on the specific motivations of female entrepreneurs in the manual labor sector in Kazakhstan and provide insights into the factors that influence their decision-making processes, contributing to a better understanding of women's entrepreneurship in this context.