Business Success of Small and Medium Sized Enterprises in Russia and Social Responsibility of Managers

This article introduces the authors' approach to the study of business success factors for small and medium sized enterprises. The approach is based on the currently dominant practice of estimating the success of an enterprise as its ability to produce profit. The authors have analyzed the success criteria used by managers of Russian small and medium sized enterprises based on the survey carried out among the managers of 212 small and medium sized enterprises in the period of September - November, 2014, and described the correlation between the business success of small and medium sized enterprises and the level of their managers' social responsibility. To estimate the social responsibility, the authors used the values of average salaries and the proportion between the salaries of average executives and those of their managers. Hence, a nonlinear relation has been established between the business success of a small and medium sized enterprises and the manager's social responsibility. (C) 2016 The Authors. Published by Elsevier Ltd.