SMALL INNOVATIVE FIRMS OF GLOBAL IMPORTANCE: APPROACHES TO PERFORMANCE EVALUATION

In the globalized world economy, the role of small innovative firms of global importance, the so-called "fast-growing" firms, is growing. These firms are the main generators of economic activity. There is a rating of innovation firms, which includes indicators such as firm revenue, average R & D expenses, minimum age of the company, launch of a new product, etc. However, for small innovation firms of global importance, it is necessary to establish additional indicators that allow them to evaluate their activities objectively on the external market taking into account the chosen direction. To assess the effectiveness of small innovative firms of global importance, there is no universal methodology and unified approach to indicators characterizing their effectiveness or criteria. What can be put in the basis of the methodology for assessing the effectiveness of small innovative firms of global importance? First of all, obviously, the number of countries with which the firm operates, the level of costs when working in foreign markets, the share of exports in GDP, in total exports, etc. Moreover, the choice of performance indicators should be carried out in compliance with the conditions for their satisfaction with the principles of the effectiveness of the activities of such firms and taking into account the interdependence of individual indicators. In this article, the authors consider the need to develop a methodology for assessing the performance of small innovative firms of global importance and reveal the benefits they can receive when using it.