In the context of 16th International Scientific and Technical Conference “Science to Education, Industry, and Economy” the Belarusian National Technical University did host yearly international research and practice workshop to mark business administration problems of small and medium enterprises (SMEs), identified as major players in industrial development that have a high potential in contributing to the diversification of various countries’ economy. This scientific event was held at Minsk on January 25 and 26, 2018.