Analysis of the economic basis of institutional traps in small business

Abstract

Purpose: the article is devoted to the analysis of institutional traps in the ac-tivities of small businesses, the study of their economic basis, the identification of the impact on the economic results of economic entities and the role of information in making management decisions. Discussion: under the assumption that the ef-fects of institutional traps are manifested not only due to the impact of formal insti-tutions on economic activity, but also the provision of information security in order to predict economic consequences, as well as the cognitive abilities of managers themselves-managers at various levels of management. This puts in the first place the development of a comprehensive strategic analysis and probabilistic forecasting of macroeconomic conditions, the real provision of economic unity of the Russian space. Results: the main factors of the formation of institutional traps in modern conditions are identified, and the tools for their formation are proposed. consistent formalization of the institutions of business- state relations, strengthening of the social component in the economic process, informal support for small businesses, and the need to activate state institutions in the economic education of business owners is justified.