STATE SUPPORT AS SMALL AND MEDIUM BUSINESS SUSTAINABLE DEVELOPMENT ASSUMPTION

Small and medium business (SMB) - a major economical growth factor, which has an impact on the Lithuanian economics development, job creation and sustainable development, therefore its development is one of Lithuania's most important economic policies. State's support as an assumption for sustainable organizations development was discussed in the paper by using experts and questionnaire survey methods. Comparative analysis of experts and questionnaire survey data was accomplished also conclusions and recommendations for realizing sustainable development provisions were presented. The paper deals with the problem - SMB only partially use the complex process for obtaining State's support. This compounds the application of sustainable development provisions in SMB work and reduce their competitiveness. The aim of this paper - applying experts and questionnaire survey methods to determine State's support and sustainable development correlation of small and medium business work and to provide recommendations for realizing sustainable development provisions. Object of the paper - State's support - SMB in sustainable development context. Research methods - scientific literature analysis and synthesis, experts and questionnaire survey and comparison of data. Research results: experts and questionnaire survey methods confirmed that State's support may be seen as one of the sustainable development provisions of implementation assumptions. The recommendations for SMB companies: to look for opportunities to increase their own resources and reduce pressure on the monopolistic structures, efficiently using the State's support; to use State's support throughout the stages of the business, to activate SMB associations work in order to reduce bureaucratic obstacles and requirements for the support reception, efficiently to use business information centers, local government and labor exchange, financial and INVEGA guarantee offering support next to SMB associations set up forums, training centers, to promote youth entrepreneurship, the creation of new jobs and increase social stability.