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CURRENT ISSUE

Concept and Evolution of Business Models [29/12/2007]
Schweizer, L.

Although the term 'business model' is widely used in the business world, the academic research on this issue is sparse. This paper tries to close that gap by developing a typology of different business models along three dimensions: value chain constellation, market power of innovators versus owners of complementary assets and total revenue potential. This typology consists of four different types of business model (Integrated, Layer Player, Market Maker and Orchestrator) and is built on the resource based view as a conceptual foundation. Moreover, this paper discusses how business models may change over time, due to a varying competitive landscape.



Happy kids and mature losers: Differentiating the dominant logics of successful and unsuccessful firms in emerging markets [28/12/2007]
Obloj, K., Pratt, M.

With the onset of the cognitive revolution managerial sciences, there has been increasing interest in how top managers come to think and act strategically in response to ever changing environmental opportunities and constraints. With this interest has come a variety of concepts, tools and lenses for conceptualizing the strategy of a firm – such as marketplace position, strategic configurations, core resources and capabilities, and rule sets. Common to most of these conceptualizations is the assumption that firms develop shared and consistent cognitive frameworks and behavioral routines – just as individuals develop schemas, heuristics, and other mental models – in order to deal with environmental complexity.



Small and Medium Business in Belarus: Factors of Success and Barriers [27/12/2007]
Rakova, E., Glambotskaya, A., Tatarowicz, B.

Belarusian SMEs continue to develop their business regardless the complicated regulatory and tax burden. To a great extent, their development is determined by favorable external environment inducing investment and consumption growth. A substantial fraction of increasing consumer demand is satisfied by private sector companies. However, the regulatory framework is a considerable factor impending the development of private business and diverting FDI inflow. Nevertheless, SMEs have accustomed themselves to this environment. But this adjustment have led to higher costs, losses of time, resort to activities in the ‘shadows’ or abroad.



Private Business in Belarus: Market Values and Attitude towards the Reforms [26/12/2007]
Kozarzewski, P., Chubrik, A.

The private sector development in Belarus objectively becomes one of the key factors that would ensure development of the whole economy in the face on new challenges posed by boosting energy prices. At the same time, the success of the government’s policy of private sector support would also depend on private businesses’ behavior that has been formed in a distorted institutional environment. The paper presents findings of the research on economic mentality of private sector representatives against views of the whole Belarusian population, their attitude towards basic principles of market economy, as well as entrepreneurs’ capacity of supporting the reforms, their will and ability to function on a free market.



State Aid to Enterprises in Belarus as an Instrument of Manufacture Policy: Analyses of Efficiency [24/12/2007]
Kolesnikova, I.

This paper is aimed to investigate the impact of state aid on aggregate productivity growth in Belarusian manufacturing. The lack of a counterfactual and due to selection bias complicates the making of the measurement. Specifically, the selection bias arises because recipients of state aid can differ from the firms that do not receive aid in other dimensions. In order to avoid this problem, a set of instrumental variables that explicitly allow for selection on unobservable variables is proposed. The empirical results carried out in the paper suggest that aid has had a negative impact on the static allocative efficiency.




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ECOWEST JOURNAL

BELARUSIAN MONTHLY ECONOMIC REVIEW

BELARUSIAN ECONOMIC OUTLOOK

BELARUS INFRASTRUCTURE MONITORING

SME QUARTERLY REVIEW

BUSINESS IN BELARUS: STATUS, TRENDS, PERSPECTIVES

ECONOMIC REVIEW OF EURASEC COUNTRIES

POLICY PAPERS

WORKING PAPERS

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BELARUS MACROECONOMIC FORECAST

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