Methodology of the business environment evaluation

Methodology of the business environment evaluation

The Panevėžys city environment evaluation strives to overview the elements that describe conditions of business creation and development in the municipality and to analyze the changes of their development from all angles. The research has been carried out using the prepared methodology, which involves the groups of the following indicators: human resources, the environment of business regulation and promotion, infrastructure, knowledge, the entrepreneurship of the inhabitants, and the representability of the business environment. While forming the system of indicators used in this methodology, the most relevant areas for general city economic development were being strived to describe, taking into account targeted directions of city business environment development described in the Panevėžys city strategic documentation.

While carrying out the research, publicly accessible statistic datasets were used and quantitative survey of city business representatives was held. This environment evaluation was carried out for the first time in the Panevėžys city, but the chosen system of indicators allows regularly carry out objective evaluations of the Panevėžys city business environment both analyzing the general environment and analyzing only separate its indicator groups.

The methodology uses indicators that are based on data, which is possible to continuously monitor and update. It is expected that the monitoring of these regular change tendencies will allow evaluating the efficiency of the measures being applied to improve the city business environment, and in the long run – to select the most effective of them, plan new relevant measures of business environment improvement, include needed institutions on local, region's and national level, and make decisions in regards to them. The evaluation of the business environment has been carried out on September – November 2020, while carrying out the project "Improvement of business environment in Panevėžys" funded by the municipality.

METHODOLOGY OF THE BUSINESS ENVIRONMENT EVALUATION