Synergistic criteria and indicators for evaluating Small Enterprise Performance

Published: May 14, 2025

Abstract:

Purpose: This study investigates the criteria and indicators essential for determining the efficiency of small industrial enterprises, a sector crucial for sustainable economic development yet often underserved by traditional evaluation frameworks.

Research methodology: The research draws on existing synergistic efficiency frameworks, particularly those developed by Kondratiev et al. (2022), and integrates insights from production capacity modeling to propose a refined system of indicators suitable for small enterprises. Utilizing a mixed-method approach combining economic-mathematical modeling, statistical analysis, and case study evaluation, the study examines fluctuations in equipment utilization, labor productivity, and material efficiency over a thirty-year period.

Results: Results indicate that while material efficiency remains relatively stable, labor and equipment productivity are highly variable, reflecting inconsistencies in workforce management and capital utilization. These findings underscore the limitations of conventional metrics and the need for multidimensional models that incorporate internal and external performance drivers.

Contribution: This research contributes to the academic discourse by filling a gap in performance evaluation literature for small-scale industry and offers a foundation for future work in developing sector-specific benchmarking systems, performance dashboards, and policy instruments to support sustainable industrial growth.

Implication: The implications are significant: small enterprises require adaptive, real-time efficiency monitoring tools that are both theoretically sound and practically implementable.

Keywords:
1. Small industrial enterprises
2. efficiency indicators
3. synergistic performance
4. production capacity
5. labor productivity
Authors:
1 . Erkin Shavqiyev
Samarkand Institute of Economics and Service, Uzbekistan
2 . D. H. Davirova
Samarkand Institute of Economics and Service, Uzbekistan
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Shavqiyev, E., & Davirova, D. H. (2025). Synergistic criteria and indicators for evaluating Small Enterprise Performance. Studies in Economy and Public Policy, 1(1), 1–5. Retrieved from https://goodwoodpub.com/index.php/sepp/article/view/2896
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Vol. 1 No. 1 (2025): May
Articles
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  2. S. Teerasoponpong and A. Sopadang, “A simulation-optimization approach for adaptive manufacturing capacity planning in small and medium-sized enterprises,” Expert Syst. Appl., vol. 168, 2021. [Online]. Available: https://doi.org/10.1016/j.eswa.2020.114451MDPI+1ScienceDirect+1
  3. V. Dykan, O. Pakharenko, V. Saienko, A. Skomorovskyi, and T. Neskuba, “Evaluating the efficiency of the synergistic effect in the business network,” J. East. Eur. Cent. Asian Res., vol. 8, no. 1, pp. 51–61, 2021. [Online]. Available: https://doi.org/10.15549/jeecar.v8i1.646ResearchGate+2?????? ??????????????????? ????????????+2?????? ??????????????????? ????????????+2
  4. J. Khurana, A. Haleem, S. Luthra, and B. Mannan, “Evaluating critical factors to implement sustainable oriented innovation practices: An analysis of micro, small, and medium manufacturing enterprises,” J. Clean. Prod., vol. 285, 2021. [Online]. Available: https://doi.org/10.1016/j.jclepro.2020.125377?????? ??????????????????? ????????????
  5. X. Yao, N. Almatooq, R. G. Askin, and G. Gruber, “Capacity planning and production scheduling integration: improving operational efficiency via detailed modelling,” Int. J. Prod. Res., vol. 60, no. 24, pp. 7335–7354, 2022. [Online]. Available: https://doi.org/10.1080/00207543.2021.1956010Arizona State University
  6. A. Gumerov, R. Ismagilov, F. Akhmedzyanova, and M. Akhmetov, “Increasing Labour Productivity at Industrial Enterprises,” Eur. Proc. Soc. Behav. Sci., vol. 84, pp. 287–294, 2020. [Online]. Available: https://doi.org/10.15405/epsbs.2020.10.03.35ResearchGate
  7. X. Kong, Q. Xu, and T. Zhu, “Dynamic Evolution of Knowledge Sharing Behavior among Enterprises in the Cluster Innovation Network Based on Evolutionary Game Theory,” Sustainability, vol. 12, no. 1, 2020. [Online]. Available: https://doi.org/10.3390/su12010075?????? ??????????????????? ????????????
  8. T. Liu, S. Qu, and C. M. Scherpereel, “The Influence of the Role Positioning of Investment Institutions on the Value of Start-Up Enterprises from the Perspective of Network,” Sustainability, vol. 12, no. 2, 2020. [Online]. Available: https://doi.org/10.3390/su12020491?????? ??????????????????? ????????????
  9. H. Jiang, S. Gao, Y. Song, K. Sheng, and G. A. J. Amaratunga, “An Empirical Study on the Impact of Collaborative R&D Networks on Enterprise Innovation Performance Based on the Mediating Effect of Technology Standard Setting,” Sustainability, vol. 11, no. 24, 2019. [Online]. Available: https://doi.org/10.3390/su11247249?????? ??????????????????? ????????????
  10. L. O. González, P. D. Santomil, and A. T. Herrera, “The effect of Enterprise Risk Management on the risk and the performance of Spanish listed companies,” Eur. Res. Manag. Bus. Econ., vol. 26, no. 3, pp. 111–120, 2020. [Online]. Available: https://doi.org/10.1016/j.iedeen.2020.08.002?????? ??????????????????? ????????????
  11. J. Tu, B. Peng, E. Elahi, and W. Wu, “Initiator or Intermediary? A Case Study on Network Relation of Environmental Regulatory Capture in China,” Int. J. Environ. Res. Public Health, vol. 17, no. 24, 2020. [Online]. Available: https://doi.org/10.3390/ijerph17249152?????? ??????????????????? ????????????
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  13. A. R. Szromek, “Model of Business Relations in Spa Tourism Enterprises and Their Business Environment,” Sustainability, vol. 12, no. 12, 2020. [Online]. Available: https://doi.org/10.3390/su12124941?????? ??????????????????? ????????????
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