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Journal articles on the topic 'International business enterprises'
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1
Ma, Li, and Rui Li. "Research on collaborative operation of diversified business for large energy enterprises." SHS Web of Conferences 163 (2023): 02018. http://dx.doi.org/10.1051/shsconf/202316302018.
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Achieving strategic synergy between diversified businesses is one of the important objectives of world-class enterprises, and relevant operational decision-making technology is a hot topic. At present, the world’s leading enterprises, including large energy enterprises, are widely engaged in diversified operations, and continue to promote the synergy between the main business and financial business, international business, strategic emerging industries and other auxiliary businesses. In this paper, the existing achievements of enterprise diversification decision-making technology are summarized from the perspectives of basic theories and typical practices. Subsequently, after in-depth analysis of the major problems faced by energy enterprises in promoting the coordinated development of diversified businesses, a key element identification model for large energy enterprises is proposed to promote the coordinated development of diversified businesses, and in the meanwhile puts forward relevant suggestions on the important mechanism for energy enterprises to carry out the coordinated development of diversified businesses.
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Tanasiichuk, Alona, Olha Hromova, Anastasiia Abdullaieva, Yulia Holovchuk, and Kateryna Sokoliuk. "Influence of Transformational Economic Processes on Marketing Management by an International Diversified Conglomerate Enterprise." European Journal of Sustainable Development 8, no. 3 (October 1, 2019): 448. http://dx.doi.org/10.14207/ejsd.2019.v8n3p448.
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In this article it is substantiated the necessity of radical changes study in the practice of domestic agricultural enterprises managing, creation of a new functional and organizational structure that will maximally facilitate the marketing strategy of business diversification by the agrarian enterprise of Ukraine. It is analyzed agrarian enterprises efficiency of activity under the conditions of the transformation processes, it is determined that the leaders of the domestic and world markets of agrarian products are agroholdings with a rigid management structure, and their marketing goals are a decisive factor while making choice of markets under the conditions of diversification activities. It is substantiated that the formation of an international diversified company of agrarian business provides equally to participating enterprises the use of common resources, redistribution of resources between structural units operating on one financial result, the possible loss of one enterprise is compensated by the profit of the group as a whole. Reformation of agrarian enterprises of Ukraine process is analyzed; in particular, in the case of farms in the context of international business diversification; it is determined the necessity of creating a new organizational structure of management by the agrarian enterprise. It is grounded the creation of a functional and organizational mechanism for an international diversified conglomerate enterprise activity in order to ensure the stability of its functioning under the conditions of the transformation processes.It is proposed a new structure of functional and organizational management an international diversified conglomerate company on the basis of the developed marketing mechanism of enterprise management under the conditions of international diversification. It is substantiated that in Ukraine, the formation of such new international diversified conglomerate enterprises from small enterprises, by grouping farms (which by their number in Ukraine is most) will provide a positive result from overcoming the grinding of domestic agrarian business, consolidation of the agrarian sector and creating the opportunity to benefit from the budget of Ukraine from international diversified conglomerate business structures. Keywords: transformational economic processes, international marketing, globalization, marketing management, international diversified conglomerate enterprise, business consolidation.
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Michalski, Eugeniusz. "International competitive intelligence." Annals of Marketing Management & Economics 2, no. 1 (June 30, 2016): 67–78. http://dx.doi.org/10.22630/amme.2016.2.1.6.
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Creating international competitive intelligence is the foundation of an enterprise’s entry and existence in a foreign market. Good preparation for international trade and the exchange of goods and services requires intelligence to be collected and examined. An enterprise needs to determine sources of competitive intelligence as well as set up foreign market entry strategies and activities under the existing conditions. For that, it must know the nature and scope of international competitive intelligence. To understand the factors shaping business activities, it should also study the competition between local and foreign enterprises in a foreign country, commercial organisations and risk in price fluctuations.
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MALYNOVSKA, Yuliia, Ivan DZHURA, Volodymyr HONCHAR, and Serhii SPICHENKO. "The toolkit for the development of a corporate strategy for the competitiveness of an enterprise on international markets." Economics. Finances. Law 9, no. - (September 28, 2023): 95–98. http://dx.doi.org/10.37634/efp.2023.9.21.
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Introduction. In today's world, the growing globalization of the economy and the development of Internet technologies create unique opportunities for enterprises to expand their activities beyond national borders. However, opening up new opportunities also brings challenges. Developing a corporate strategy for the enterprise's competitiveness in international markets is a relevant and important topic for modern business leaders and managers. The purpose of the paper is to develop tools for developing corporate strategy for the enterprise's competitiveness in international markets. Results. The paper examines the toolkit of corporate strategy development for enterprises on international markets to achieve competitiveness. The authors emphasize the key elements of strategy, such as positioning, goals, and objectives, which help businesses define their uniqueness and focus on achieving success in the global business environment. The paper offers a comprehensive approach to strategy development. It provides a set of tools, including market analysis, SWOT analysis, value proposition definition, go-to-market strategy, operational elements, strategic partnerships and performance measurement. These tools help businesses adapt to changing market conditions and respond effectively to competitive pressures. The outlined toolkit serves as an essential starting point for developing a strategy in international markets. Still, the paper also emphasizes the need to adapt these tools to each enterprise's specific needs and characteristics. Focusing on the role of employees in strategy implementation is another important aspect of the paper. The authors emphasize the importance of engaging, motivating and developing employees as a critical resource for success in international markets. Conclusion. The results of developing corporate strategy in international markets demonstrate the importance of a comprehensive approach and adaptation to the conditions of the global business environment. Although it is not a universal solution for all enterprises, the toolkit provides the fundamental elements necessary to develop an effective corporate strategy. Appropriate adaptation of these tools to the specifics of the enterprise and market conditions allows the company to succeed in international markets and ensures the competitiveness of the company.
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Tanasiichuk, Alona, Svitlana Kovalchuk, Oleksandr Nepochatenko, Oksana Froter, Eduard Kovtun, and Anastasiia Abdullaieva. "International Marketing Strategies for Sustainable Development of Enterprises." European Journal of Sustainable Development 12, no. 4 (October 1, 2023): 513. http://dx.doi.org/10.14207/ejsd.2023.v12n4p513.
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A mechanism for developing and implementing an international marketing strategy for an agricultural enterprise to ensure its sustainable development, a feature of which is to adapt to the new conditions of international markets, is proposed. It is proved that the introduction of a mechanism for developing and implementing an international marketing strategy for an agricultural enterprise will result in a prompt response to changes in the relevant segments of the international market environment through the development and implementation of market research and development activities, preparation of alternative and flexible management solutions aimed at ensuring the sustainable development of the agricultural enterprise.
The article develops an approach to identifying suitable markets for the export of the commodity group "1001 Wheat", where there are favorable business conditions for enterprises from Ukraine. The proposed approach is based on the application of global indicators of business conditions in international markets.
The foreign markets that demonstrate favorable conditions for doing business in them are identified, which indicates the existence of conditions that are a prerequisite for the formation and implementation of international marketing strategies to ensure the sustainable development of domestic agricultural enterprises producing the "1001 Wheat" product group in the German, Dutch, Belgian, British, Portuguese and Austrian international markets.
It is proved that the proposed mechanism for developing and implementing an international marketing strategy for an agricultural enterprise in the postwar period will promote the sustainable development of Ukrainian agricultural enterprises and the recovery of the Ukrainian economy as a whole.
Keywords: favorable business conditions, assessment of global indicators, sustainable development strategy, innovative tools for assessing potential markets, markets convergent for the export, sustainable development of enterprises
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Griffith, Arianne, Lise Smit, and Robert McCorquodale. "Responsible Business Conduct and State Laws: Addressing Human Rights Conflicts." Human Rights Law Review 20, no. 4 (November 26, 2020): 641–73. http://dx.doi.org/10.1093/hrlr/ngaa033.
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ABSTRACT The business and human rights framework is based on pillars in which states should act to protect against the human rights impacts of business enterprises and the business enterprises should act in ways that do not lead to human rights impacts. Yet there is a gap in this framework in situations where a business enterprise may be willing to act but faces challenges in doing so due to the laws and practices of a state in which it operates. This international framework nevertheless places an expectation on businesses that they should still respect international human rights law as far as possible in these circumstances. No methods are offered for how this can be done in any coherent manner. This makes it very difficult for business enterprises, regulators and civil society to determine the type of compliance required. In this article, we explore this gap in the international framework and, based on empirical research, offer ways in which it can be closed. We propose a typology to assist in understanding the different conflicts between business practices and state laws that may occur, and recommend methods as to how to deal with these conflicts.
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Mura, Ladislav. "INTERNATIONALIZATION OF SLOVAK FAMILY ENTERPRISES - TERRITORIAL APPROACH." International Journal of Entrepreneurial Knowledge 9, no. 2 (December 22, 2021): 109–18. http://dx.doi.org/10.37335/ijek.v9i2.147.
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Entrepreneurial activity is currently confronted with a large number of different influences, which affect the performance of business units. Businesses face new situations due to the changing market conditions they have to respond to. The small and medium-sized business sector responds dynamically as well as very sensitively to market changes, where many family businesses are also established. Competition between market players forces both the management and the family businesses to think about new opportunities in order to ensure their growth. As a result, small and medium-sized businesses gain increased importance in international markets. This study aims to identify the current trend in the international activity of family businesses in terms of their territorial activity. In addition to the theoretical background, the submitted study also introduces the results of our empirical survey. The questionnaire survey was applied as an appropriate research method. We decided to apply a dual approach: qualitative (mainly for the theoretical part) and quantitative for the empirical part of the study. The obtained results show family businesses' interest in operating in the international business environment.
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Jones, Paul, Joanne Scherle, David Pickernell, Gary Packham, Heather Skinner, and Tom Peisl. "Fool's Gold? The Value of Business Awards to Small Businesses." International Journal of Entrepreneurship and Innovation 15, no. 2 (May 2014): 89–100. http://dx.doi.org/10.5367/ijei.2014.0151.
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This study explores the value and impact that small and medium-sized enterprises (SMEs) derive from winning business awards. Value and impact are explored in terms of enhanced profitability and performance, network development, enterprise profile and brand identity. This study employs a case study methodology with 10 SMEs drawn from a major business awards competition. Key staff were interviewed in these SMEs to explore the impact of winning the business award on the internal and external business environments. Additional organizational documentation and evidence were also collected from each SME. The results indicate both short-term and long-term impacts. In the short term, enterprises benefited in terms of enhanced brand identity in their business network and community. This resulted in enhanced sales revenue and enterprise profile. Moreover, internally, winning an award acted as a motivator for enterprise employees, enhancing their productivity and attitudes towards the business. In the longer term, these factors became less apparent, but the majority of respondents continued to exploit their business award for ongoing strategic advantage.
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Наmкаlо, О. В. "Non-Financial Reporting as a Tool for Measuring the Social Activity of Domestic Enterprises." Statistics of Ukraine, no. 4(79) (December 20, 2017): 79–86. http://dx.doi.org/10.31767/su.4(79).2017.04.10.
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The research is devoted to the peculiarities of the formation of non-financial reporting as one of the tools for measuring the social activity of enterprises.
The financial stability and successful business of enterprises is conditional on non-financial indicators and business orientation, ranks, reputation, openness and social responsibility. Non-financial reporting or a CSR report is an effective tool for measuring the performance of enterprises, a basis for the development and implementation of various strategic projects and programs. Information from non-financial reporting allows for assessing the effectiveness of management at an enterprise by economic, environmental and social component, their interdependence and contribution in achieving the main goal, and for subsequent goal setting and more effectively management of change. It means that the report in question serves as the main platform for communicating the results and impacts (positive or negative) of sustainable development. It shows the real effort of an enterprise in creating social, environmental and economic benefits.
However, domestic enterprises do not have sufficient experience in the field of socially responsible business and need to create their own internal concept of corporate social responsibility considering international trends, which determines the relevance of this study
Various international non-financial reporting standards are analyzed; it is demonstrated that the most popular mechanism for regulating non-financial reporting is the Global Reporting Initiative (GRI), which defines a set of indicators measuring the social, ecological and economic component of the economic activity of enterprises The mechanism for making up a non-financial report by phase of the enterprise development is built. The use of the proposed mechanism in making up non-financial reporting will enable to set up an effective link between the enterprise and the stakeholders, and to determine the strategic directions of the enterprise's activities in the context of its development.
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Wu, Xiaoyuan. "Construction and Practice of Multiple Mixed Teaching Mode Based on Big Data Analysis: A Case Study of “International Trade” Course." Discrete Dynamics in Nature and Society 2022 (June 6, 2022): 1–10. http://dx.doi.org/10.1155/2022/7369920.
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With the progress of society, the quality requirements of international business enterprises for international business talents have been improved accordingly. So, it is urgent to conduct in-depth research on the teaching model and the improvement of students’ practical ability. Taking international business as an example, this paper analyzes the contradiction between the supply and demand of international business technical talents by literature research. Furthermore, the convolution neural network model is used to improve the consistency between the talent cultivation of international business major and the talent demand of enterprises by interviewing teachers and questionnaire survey of students. By studying how to implement the professional training curriculum system construction and enterprise to talented person ability training requirements cohesion, this paper in view of the secondary vocational school of international business in today’s society professional training curriculum system was modified and perfected. The ultimate purpose of this paper is to meet the demand of international business for characteristic talents and constantly promote the high-quality development of international business education.
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Volot, Olena, and Vadym Kolotok. "INTERNATIONAL EXPERIENCE OF USING INFORMATION AND COMMUNICATION TECHNOLOGIES IN SMALL BUSINESS DEVELOPMENT." PROBLEMS AND PROSPECTS OF ECONOMIC AND MANAGEMENT, no. 3 (19) (2019): 220–28. http://dx.doi.org/10.25140/2411-5215-2019-3(19)-220-228.
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The following article examines the international experience of introduction of information technologies in Israel, describes characteristics and analyzes the main features of the use of modern information and communication technologies of accounting and management atsmall business enterprises in Israel and Ukraine. The problems associated with the features of small businesses in the use of ICT have been identified, a step-by-step approach to solving the problems of introduction of information technologies into the management of a modern small business enterprise has been presented.
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Praveen Balakrishnan Nair. "Embracing Hybridity: A Business Model Innovation for Sustainable Social Enterprises." International Journal of Business and Society 23, no. 3 (December 19, 2022): 1600–1617. http://dx.doi.org/10.33736/ijbs.5186.2022.
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Unlike commercial enterprises, social enterprises are required to generate both social and economic value. Hence, the sustainability of social enterprises must be considered from a dual perspective: generating and sustaining the envisioned social impact and sustain financially over time to make the social impact continuous. Prioritising social objectives over financial endurance can be suicidal as it may jeopardise the long-term financial viability of the enterprise. Hence, both business and social impact dimensions are to be given equal weightage and incorporated into the enterprise business model, considering the frictions that may exist during their co-existence and finding ways to balance both in long term. The paper starts with an analysis of various dimensions and interpretations of social enterprises followed by a review of literature on business models. The need of innovating the conventional business models used by commercial enterprises to suit social enterprises are then discussed and a business model canvas for social enterprises is proposed, suiting the dual objectives of the enterprise. The paper concludes with the case of a social enterprise, set up for the upliftment of urban poor, to illustrate the application of the proposed social business model canvas.
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Michalski, Eugeniusz. "STRATEGIES FOR INTERNATIONAL ENTERPRISE COMPETITION." Zeszyty Naukowe SGGW, Polityki Europejskie, Finanse i Marketing, no. 21(70) (June 28, 2019): 160–71. http://dx.doi.org/10.22630/pefim.2019.21.70.13.
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The main aim of this paper is analyzed the role, importance and methodology for creating the strategies for international competition, as well as the ways of implementing and evaluating the selected strategies. This is done by applying exploratory, descriptive and casual methods to outperform competitors and determine the scope of an enterprise’s engagement in international business. The article examines forces and steps of planning, implementing and evaluating a business strategy. Enterprises must recognize and compare the factors that compose foreign environments, especially the state and local governmental politics, legal regulations, economic and financial forces, cultural differences, business ethics, technological development, infrastructure, natural resources protections, sociological and demographic issues. Three competitive strategies have been distinguished: cost leadership, differentiation and focus. Virtues of M. Porter’s five forces model: threat of new entry, competitive rivalry, supplier power, buyer power and threat of substitutes have been considered. The selection of the target markets and recognizing customers preferences belong to the most important tasks of strategic planning. An enterprise can select three levels of international involvement: passive participation, active involvement and taking the international position. Foreign countries impose barriers on international trade, but international agreements facilitate healthy competition.
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Aji, Gunawan, Eko Pujianto, Addavis Sa’adiyah Zaen, Vivi Indriyani, and Ayada Ulufal Qolbi. "International Growth Strategies For Small And Medium Enterprises." Dinamika: Jurnal Manajemen Sosial Ekonomi 3, no. 1 (June 5, 2023): 31–40. http://dx.doi.org/10.51903/dinamika.v3i1.304.
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The international growth strategy has become increasingly important for small and medium-sized enterprises (SMEs) to enhance competitiveness and expand their market in the era of globalization. SMEs that want to start international expansion must consider several key factors, such as choosing the right products and markets, understanding legal requirements and regulations in the target country, selecting appropriate systems, and building a strong business network. There are also strategic steps that must be taken to improve the growth of small and medium-sized businesses. This research uses a literature review method by examining relevant journals related to the International Growth Strategy for Small and Medium Enterprises. The research is expected to increase knowledge and application in the business world for small and medium-sized enterprises
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Shumilo, Olha S., Olga V. Zaika, and Oleksandr S. Harbuzov. "Choosing a Strategy for Entering International Markets." Business Inform 12, no. 539 (2022): 45–50. http://dx.doi.org/10.32983/2222-4459-2022-12-45-50.
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Domestic enterprises entering international markets have both problems and many opportunities to improve the efficiency of their activities. The article identifies the reasons why enterprises revise their business strategies and form new marketing strategies for entering the markets. The main ones are: increasing sales; increase in profits; ensuring both short-term and long-term profitability; increasing the capacity for innovation; economies of scale; education; competition; incentives on the part of government. It is noted that the strategy of entering international markets should be based on the principles of the overall strategy of the enterprise and be developed on the basis of an analysis of existing forms of strategies: export, joint venture, direct investment. The existing forms of strategies are considered and their essence is analyzed. Thus, the export strategy is considered as the choice by the enterprise of foreign markets for the promotion of goods, while production remains on its own territory. The joint venture strategy is implemented by combining the efforts of the enterprise with partners of other countries to conduct joint business based on the formation of partnerships and joint business activities, as result of which certain capacities are created outside the country. The direct investment strategy involves investing capital and creating own warehouses, manufacturing and trading enterprises, as a result of which the company becomes fully involved in foreign economic activity. It is proved that for an enterprise that is just starting its export activities in the foreign market, it is advisable to apply an export strategy of indirect exports and choose mediation. The stages of formation of the company’s strategy for entering the international market are presented: defining the mission of the enterprise; formation of goals and objectives; study of the external environment of the enterprise, assessment of the functional components of the internal environment of the enterprise; development and analysis of strategic alternatives, strategy selection; implementation of the strategy in the activities of the enterprise; evaluation and control of the strategy implementation.
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Arnold, Denis G. "Global Justice and International Business." Business Ethics Quarterly 23, no. 1 (January 2013): 125–43. http://dx.doi.org/10.5840/beq20132315.
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ABSTRACT:Little theoretical attention has been paid to the question of what obligations corporations and other business enterprises have to the four billion people living at the base of the global economic pyramid. This article makes several theoretical contributions to this topic. First, it is argued that corporations are properly understood as agents of global justice. Second, the legitimacy of global governance institutions and the legitimacy of corporations and other business enterprises are distinguished. Third, it is argued that a deliberative democracy model of corporate legitimacy defended by theorists of political CSR is unsatisfactory. Fourth, it is argued that a Rawlsian theoretical framework fails to provide a satisfactory account of the obligations of corporations regarding global justice. Finally, an ethical conception of CSR grounded in an appropriately modest set of duties tied to corporate relationships is then defended. This position is cosmopolitan in scope and grounded in overlapping arguments for human rights.
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Tanasiichuk, Alona, Svitlana Kovalchuk, Larysa Ivanchenkova, Olha Hromova, Havenko Mykhailo, and Anna Shevchuk. "Digital Technologies in the Process of Forming Sustainable Strategies for Agricultural Enterprises in International Markets." European Journal of Sustainable Development 13, no. 1 (February 1, 2024): 321. http://dx.doi.org/10.14207/ejsd.2024.v13n1p321.
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The active phase of applying digital technologies contributed to their implementation in forming sustainable strategies for agricultural enterprises in international markets. It is proved that the development of certain functions of international marketing and their active extension beyond the enterprise, the development of a scheme of interaction with the consumer, and intra-company integration with increased feedback in modern conditions have gained practical importance and ensured the formation of sustainable strategies of agricultural enterprises.
Ukrainian enterprises, having not yet fully resumed business activity after the COVID-19 pandemic, have entered a new risk zone caused by the armed aggression of the Russian Federation against Ukraine. Ukrainian companies understand the responsibility of business for the state of economic recovery in Ukraine and are trying to act here and now to stay afloat.
Digital technologies are being actively implemented in various economic sectors, so Ukrainian agricultural enterprises have to use digital progress to effectively develop sustainable strategies in international markets to remain competitive in today's market.
It has been proven that in the current conditions of international business activity, only those companies that can use promising digital technologies in the early stages of business development will remain competitive.
It is substantiated that, depending on the specialization of the enterprise and the specifics of the goods or services provided there, the segments of domestic and international markets in which goods and services are sold, it is worth choosing connectivity platforms that will act as information support for enterprises in the process of forming sustainable strategies in international markets.
International marketing research was conducted to select new international markets based on information collected from the "Trade Map" and "Theglobaleconomy" connectivity platforms, which operate on a user's request.
Using the example of the product group "1512 Sunflower oil", two segments of attractive international markets for Ukrainian agricultural producers were identified. The first segment is the markets of Ireland, Switzerland, Austria, and Belgium, where there are favorable business conditions for Ukrainian farmers. The second segment is the markets of Poland, Bulgaria, and the United Kingdom, where there is an opportunity to increase sales of sunflower oil. It is substantiated that the intensification of business activities of agricultural producers of the product group "1512 Sunflower oil" will allow in the short term to ensure the implementation of the sustainable development strategy, despite all the difficulties that have arisen as a result of the active phase of the war in Ukraine.
Keywords: digital technologies, sustainable development strategy, international business activities, a system of indicators of attractiveness of international markets, connectivity platforms, segmentation of international markets, agricultural enterprises
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FOMINA, Olena, Svitlana SEMENOVA, and Darіa BEREZOVSKA. "Transformation of financial reporting of small enterprises according to IFRS." Foreign trade: Economics, Finance, Law 123, no. 4 (September 2, 2022): 44–59. http://dx.doi.org/10.31617/3.2022(123)04.
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Introduction. Small businesses play an important role in ensuring the economic stability of Ukraine, but during the war they are in a difficult situation and need support.
Problem. For small enterprises, overcoming existing problems is possible thanks to cooperation with European companies, investors, counterparties, international financial organizations, entering foreign markets, attracting capital, participating in grant projects, startups, etc., but this requires a transition to international accounting standards and the transformation of financial reporting.
The aim of the article is to highlight the peculiarities of the transition of small business enterprises to international accounting and reporting standards and to find practical recommendations for improving the transformation of financial reporting.
Methods. During the research, general scientific and special methods were used, in particular: induction, deduction, comparative analysis, synthesis, generalization, grouping, abstract logical methods.
Results. The sequence and scheme of the transition of small business enterprises from national accounting and reporting standards to international ones is analyzed, the stage of transformation of simplified financial reporting into reporting according to the International Financial Reporting Standard for Small and Medium Enterprises (IFRS for SMEs) is highlighted. The characteristics of financial reporting transformation procedures, examples and features of reclassification of individual accounting objects and reporting items, typical for small enterprises, are given. An amendment table is provided for the transformation of the financial statements of a small enterprise into reporting according to international standards.
Conclusions. The transformation of the financial reporting of a small business entity into reporting according to international standards involves a number of organizational and technical measures to reformat the accounting policy, adjust the accounting system and digitize it according to new rules and approaches, etc. The proposed corrective table helps control the reporting transformation process and track the relationship between the changes made, promotes information disclosure and reporting transparency.
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Mariam Girsiashvili, Mariam Girsiashvili. "New Challenge for Business - Financial Reporting." New Economist 16, no. 03 (January 28, 2022): 79–83. http://dx.doi.org/10.36962/nec62-6303-042021-79.
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In the 21st century, international accounting standards are being introduced in more and more countries, which is a way of comparing the economic indicators of countries in the world economy. Many enterprises around the world submit financial statements to external customers. Although the financial statements of different countries are similar to each other, there are still some differences between them, which is due to many social, economic and legislative factors. Also, the creation of national accounting standards in these countries takes into account the interests of different categories of financial reporting users. These differences are the reason why the financial statements of all enterprises are accompanied by explanatory notes, which provide an explanation of each element of the financial statements in accordance with the accounting policies of the enterprise. Reducing these differences is the goal of the International Accounting Standards Board (IASB). The purpose of this article is to review the impact of the changes for enterprises registered in Georgia. Enterprises registered in Georgia from 2019 will face various obligations, which have led to changes in Georgian tax legislation and the introduction of international accounting standards. Accordingly, the management of the company focused on bringing each operation carried out in the company in compliance with international standards and Georgian legislation. The purpose of financial reporting is to create a transparent and trustworthy business environment in the country. From 2019, enterprises will submit financial statements to the Accounting, Supervision and Audit Supervision Service. The submitted report is important for creating a transparent business environment and allows the country to be more informed, to have information about the current economic situation in the country. Consequently more submitted reports are important to get information about the economic situation of the country. The information presented in the article builds on the experience gained over the last 4 years, which includes the provision of financial reporting services in various sectors. Surveys conducted by company management and accountants and experience gained in preparing financial statements have had a significant impact on the findings in this article. Keywords: Financial Reporting, International Standard, Certified Accountant.
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Ye, Zheng, and Yongjia Tong. "The Influence of Digital Transformation of Foreign Trade Enterprises on Their Business Performance." Discrete Dynamics in Nature and Society 2022 (August 16, 2022): 1–9. http://dx.doi.org/10.1155/2022/2177689.
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In the context of digital economy, the international trade mode has undergone profound changes, so digital transformation has become the key to the sustainable development of foreign trade enterprises. In this paper, by collecting the data of 27 foreign trade enterprises listed in Shanghai and Shenzhen A shares from 2010 to 2020 and adopting the method of full text identification of enterprise comprehensive financial reports to quantify the intensity of enterprise digital transformation, the influence of digital transformation of foreign trade enterprises on the main business performance and the effect of two mediating variables of internal control and innovation ability of enterprises were studied. The result shows that the digital transformation of foreign trade enterprises has a significant role in promoting their main business performance. From the mechanism of action, digital transformation promotes the overall improvement of the main business performance of enterprises by improving the internal management of enterprises and enhancing the mediating role of enterprise innovation ability. Finally, from the perspectives of government and enterprises, some suggestions were put forward for foreign trade enterprises to choose the development path of digital transformation.
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Palamarchuk, Oxana, and Tetіana Kuznіetsova. "International business strategies to increase the level of competitiveness of enterprises." University Economic Bulletin, no. 54 (September 27, 2022): 45–53. http://dx.doi.org/10.31470/2306-546x-2022-54-45-53.
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Relevance of the research topic. The development of market relations has generated a significant competitive tension almost in all spheres of business and all forms of entrepreneurship, which, in turn, implies the need to adjust the development strategy of enterprise to purposefully strengthen its competitive position in the internationalization of business, as well as to create and use sustainable strategic advantages in today's extremely competitive marketing environment. The enterprise management, understanding the complex modern conditions, should consider creation of specific strategic advantages and original international strategies, which will help form a powerful potential for further industrial and commercial development of the enterprise. Formulation of the problem. A large proportion of Ukrainian companies do not have the in-house experience of market behavior to actively compete with corporations in a global environment and with international companies which have spent decades perfecting their management skills as well as more experienced and successful international companies. More and more Ukrainian companies are experiencing increased competitive pressures. More than 25% of Ukrainian enterprises confirmed that the pressure from foreign companies is particularly strong [9]. Therefore, it is important to study from both theoretical and practical points of view the possibility of increasing the international competitiveness of the national economy, especially its subjects, by applying international business strategies, even for those enterprises that are not directly involved in foreign economic activity, but have to operate in an international competitive market. Selection of unexplored parts of the general problem. From this direction of research there is a large number of publications, however, we consider it expedient to deepen questions of formation of competitive behavior of subjects of management, namely creation of concrete strategic advantages and original international strategies which will help to form powerful potential of firm for the further industrial and commercial development in the current conditions of management. Setting the problem, the purpose is to investigate the directions of increasing the international competitiveness of enterprises and the use of international business strategies in the current environment and the postwar period. The method or methodology of the research. The article applies a combination of the following methods: generalization, descriptive, abstract-logical and method of systematization. Presenting main material. The formation of modern principles of competitive behavior of Ukrainian enterprises requires a comprehensive study of modern international business strategies and the possibility of their application in business practice. This is associated with the need to create a new competitive attitude and mechanism for the actual implementation of a certain set of tools to ensure that goods, enterprises and entire production sectors were internationally competitive. In fact, it is about creating a system of strategic and operational mutually coordinated decisions at the level of a product, enterprise, industry and country, aimed at improving the competitive status of domestic enterprises in the international market in modern economic conditions and in the post-war reconstruction period. Field of application of results. The results of the study can be used by scientists in the study of the problem of competitiveness management of enterprises. Modern business strategies in Ukraine are too weak compared to neighboring countries in Europe. It is necessary to actively strengthen and strengthen the competitive business strategies, taking into account the European perspective of Ukraine. Conclusions according to the article. A well thought out and properly formulated business strategy indicates the most effective and productive way to achieve the goal, offers the business a choice of promising and profitable activities, high demand for its products (services), usually unique and with a dominant market position among competitors. Each company develops its own strategy to ensure its stability and strategic vision for the future based on its goal and market characteristics.
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Kovin’ko, Olena Mykolaivna. "AS PREREQUISITE PROGRAM MARKETING INTERNATIONAL BUSINESS DIVERSIFICATION OF AGRICULTURAL ENTERPRISES OF UKRAINE." SCIENTIFIC BULLETIN OF POLISSIA 1, no. 2(10) (2017): 185–94. http://dx.doi.org/10.25140/2410-9576-2017-1-2(10)185-194.
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Urgency of the research. At the current stage of the agricultural enterprises business activities in Ukraine are pressing questions about their international activities. The marketing program increases the efficiency of these enterprises in overseas markets. Target setting. Develop a marketing program is phased process research and analysis of the specific market situation. It is important for development purposes and marketing strategies. They can become a way for achieving the objectives of enterprises in the international diversification of business activities or potential threats, able to block these pathways. Actual scientific researches and issues analysis. In the academic and scientific literature review of issues received considerable attention from researchers such as Lyhmanyuk T. Roslyakov A, B and Kigel others. The research objective. The result of this work should be a document developed on the basis of clearly articulated goals of the system. This marketing program for "Vinahrodar" Zhmerynka district, Vinnitsa region abroad. The statement of basic materials. Once defined range of products, markets and growth opportunities in these markets, the chosen strategy of agrarian business enterprise, you must go to the development of the implementation plan international marketing. Such a plan should be a set of marketing activities of the potential of the agricultural enterprises and promotion of its products in foreign markets. In our view, an important step in developing a program of international marketing of the agricultural enterprise is a plan for implementing the agricultural potential on overseas markets. Below is the author of a plan designed marketing potential implementation of a diversified in-ternational conglomerate of "Vinahrodar" Zhmerynka district, Vinnitsa oblastion. Conclusions. Summing up the development of marketing programs business activities of agricultural enterprises in Ukraine in terms of international diversification (for example, an international diversified conglomerate of "Vinahrodar") believe that the producers of agricultural products in Ukraine need support state infrastructure development of foreign economic activity, reducing pressure and removing artificial bar'yeriv for uninterrupted business in the agricultural sector.
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Chorna, Nelia, and Liudmyla Uniiat. "THEORETICAL ASPECTS OF THE BUSINESS PROCESSES CONCEPT, ITS CLASSIFICATION IN THE ACTIVITIES OF ENTERPRISES." INNOVATIVE ECONOMY, no. 4 (2022): 46–54. http://dx.doi.org/10.37332/2309-1533.2022.4.7.
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Purpose. The purpose of the article is an in-depth study of the theoretical aspects of the business processes concept, its classification and the need for further development in the competitive environment of Ukraine. Methodology of research. General scientific and special methods were used in the research process, in particular: induction and deduction – at the stage of collecting, systematizing and processing the necessary information; analysis and synthesis – to combine various components of the business process; dialectical – to learn the nature, content and essence of the enterprise's business processes; monographic – to study the scientific experience of constituent business processes of enterprises; abstract and logical – to form theoretical conclusions, tables and figures. Findings. The theoretical aspects of the business processes concept, its classification and further development in the conditions of a competitive environment are summarized. It was found that in the conditions of Ukraine, it is necessary to clearly organize business processes, to manage them in the direction of innovative improvement of the structural restructuring of the domestic economy by introducing technological changes in the renewal of management, preparing enterprises for activities in the conditions of the European Union and international competition. There were deepened the concept of business processes in the enterprise, its classification, organization and management of business activities aimed at achieving the main goal - increasing the amount of profit of the business entity and improving the business result to satisfaction of consumer needs. Originality. There was further development of the business process interpretation, its classification, organization and management in the competitive environment of the enterprise. Practical value. The use of the proposed classification and clear organization of business processes will contribute to increasing the economic efficiency of the enterprise's business activities. Key words: concept, organization, classification, business processes, activity, management, efficiency, enterprise.
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Morhulets, Oksana B., and Olena V. Nyshenko. "METHOD OF ASSESSMENT OF ENTERPRISE READY FOR OUTSOURCING IMPLEMENTATION." Management 30, no. 2 (February 11, 2020): 26–37. http://dx.doi.org/10.30857/2415-3206.2019.2.2.
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Introduction. Today Ukrainian enterprises operate under difficult economic conditions, which have developed against the background of the constant increase in the cost of raw materials, energy tariffs, changing geopolitical situation, difficult political situation in the country, which is why most of the enterprises struggle for survival instead of development. Against this background, competition with foreign producers is aggravated, accompanied by a narrowing of the domestic market.Given the complex economic conditions of Ukrainian enterprises, their success today depends on the effectiveness of management in these conditions. Businesses require a modern business process management tool designed to adapt to new challenges and find ways to mitigate the effects of external factors. The economic development of the enterprise is conditioned by the progress of information technologies, the emergence of innovative forms of management, new principles of division of labor, etc. Changes in the management of business entities now require new scientific and methodological approaches, from which the enterprise is regarded as a set of business processes. One of the modern ways of improving the business system is the attraction of external contractors, which is solved by the introduction of outsourcing and allows to increase the efficiency of the enterprise and its competitiveness in the market.Hypothesis. Assessing the readiness of an enterprise to implement outsourcing provides validity of the management decision on outsourcing of business processes and helps to increase the efficiency of utilization of the enterprise's potential.The purposeof this article is to develop a methodological approach to assessing the degree of readiness of the enterprise to implement business process outsourcing to improve the efficiency of the enterprise in the current economic environment and to strengthen its competitive position in the domestic and international markets.Research methods. The methodological basis of the research is a system of general scientific and special methods, the main of which are: dialectical approach, methods of classification and systematization, analysis and synthesis, statistical and logical analysis, concretization, expert assessments and economic and mathematical modeling.Results. A methodical approach to assessing the degree of readiness of an enterprise to use outsourcing in business process management is offered, which, unlike the existing ones, makes it possible to substantiate the outsourcing decision taking into account the existing potential of the enterprise with a greater degree of certainty.Conclusions. As a result of the research, the problem of scientific and methodological substantiation of the enterprise's readiness for implementation of business process outsourcing at the enterprise was solved. This methodological approach enables the management of a number of indicators and the appropriate scale to assess the degree of readiness – the sufficiency of the enterprise's capacity to implement outsourcing and to overcome the risks associated with it. The proposed approach enhances the effectiveness of the management decision to outsource, is versatile and can be used in the practice of any enterprise that plans or already uses outsourcing in business.
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Babu, Vimal. "Family Entrepreneurship in India’s ‘Diamond City’: A Phenomenological Research." Studies in Business and Economics 14, no. 2 (August 1, 2019): 216–30. http://dx.doi.org/10.2478/sbe-2019-0036.
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AbstractThe history of family run business in Surat, India is more than 350 years now. However, over the last several decades, it has been observed that family run enterprises in Surat have not been able to scale up the business by untapping opportunities in international markets. The paper aims to explore the experiences of family-run enterprise owners in their attempt to grow their businesses in Surat. Given the stagnant growth trajectory, less expansion, and minimal diversification over the last several decades, the researcher is intrigued to study the experiences of these family-run enterprise owners. As a phenomenological research study, there is only one question: What experiences have these enterprise owners faced in a family-run enterprise as they attempt to grow their businesses? Non-leading prompts were asked to encourage participants to expand their responses to lead to a deeper understanding of those experiences. As respondents, seventeen family-run enterprise owners have been contacted for In-Depth Interview (IDI). The respondents were from diamond, textile and restaurant business in Surat. The study aided in identifying existing challenges and strengths making the whole experience of family-run enterprise owners unique, diverse and different from the conventional businesses operating in different industry. The findings indicate that the potential of family-run enterprises have not been harnessed to its fullest due to prevailing mediocrities, sub-standard practice, sophisticated and disoriented business procedures and system. Organization Development (OD) interventions would be effective in unearthing deeper issues and problems amongst these family-run enterprises in Surat.
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Sun, Anlong. "Research on Financial Risk Prevention in Corporate Mergers and Acquisitions." Journal of Innovation and Development 5, no. 2 (November 26, 2023): 39–41. http://dx.doi.org/10.54097/jid.v5i2.09.
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Over the past 40 years since the reform and opening up, enterprises have gone through a series of initiatives such as expanding business autonomy, contracting business responsibility system, establishing modern enterprise system, and implementing the action plan of reforming and improving quality, etc. At the present stage of development, the expansion of reproduction by endogenous accumulation alone can no longer adapt to the needs of the rapid growth of the enterprise and the competition in both international and domestic markets. Therefore, through mergers and acquisitions and other episodic expansion of reproduction, is an effective way to achieve low-cost expansion of enterprises and embark on a benign development track. In order to enhance the understanding of the financial risk of M&A, this paper, based on previous theoretical research results, combines relevant theories and methods, takes X enterprise's M&A of Y enterprise as a case study, analyses the financial risk involved, and puts forward the suggestions for controlling and preventing the financial risk.
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Yang, Yang, Chun Sheng Shi, and Li Run Hu. "International Comparison of Continuous Improving Performance in Chinese Enterprises and the Research of Improvement Measure." Advanced Materials Research 479-481 (February 2012): 1695–98. http://dx.doi.org/10.4028/www.scientific.net/amr.479-481.1695.
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No matter what managerial strategy is adopted, the final goal of an enterprise is to improve its business performance and competition. As a company-wide incremental process of innovation, Continuous Improvement has become an important strategy for an enterprise to maintain manufacturing competition. In this paper, the performance of CI in Chinese enterprises will be evaluated based on the international investigation of CI. And the paper has a comparative analysis of the performances of CI in Chinese enterprises and foreign enterprises. Then the paper chooses the enterprises with good performance and uses Benchmarking to research the methods of CI. Finally the paper sums the suggestions of the performance of CI in Chinese enterprises. These suggestions provide reference to carry out CI in enterprises.
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Ibrahim, Zalina, Firdaus Abdullah, and Azman Ismail. "International Business Competence and Small and Medium Enterprises." Procedia - Social and Behavioral Sciences 224 (June 2016): 393–400. http://dx.doi.org/10.1016/j.sbspro.2016.05.402.
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Gorina, G, O. "RATING ANALYSIS OF INTERNATIONAL TOURIST BUSINESS ENTERPRISES ACTIVITY." VISNYK оf Donetsk National University of Economics and Trade named after Mykhailo Tugan-Baranovsky 69, no. 2 (2018): 62–69. http://dx.doi.org/10.33274/2079-4819-2018-69-2-62-69.
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Ameyaw, Abdul-Kadir. "Spanning the boundaries: International business theories in a complex global environment." Vestnik of Saint Petersburg University. Management 22, no. 3 (2023): 422–44. http://dx.doi.org/10.21638/11701/spbu08.2023.307.
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The field of international business is constantly evolving, and there is much debate about what exactly constitutes international business and how its definition influences theorizing. Traditionally international business has focused on cross-border activities of multinational enterprises, including foreign direct investment, multinational enterprises’ strategies, and organization, along with the understanding of the process of internationalization. Changes in the global environment have necessitated a broader, multidisciplinary approach to international business theorizing. This paper explores how international business emerged as a field of inquiry and how the interrelated fields such as international management, international entrepreneurship, and international strategy can inform international business theorizing. A more complementary approach would be beneficial rather than treating these fields as distinct ones. Moreover, this paper recognizes the complex nature of the global environment and highlights the myriad of challenges and opportunities it presents for businesses operating internationally. It proposes a future research agenda that considers this intricate global context, and challenges international business scholars to adopt a holistic and multidisciplinary approach to develop comprehensive theories that capture the dynamic and interconnected nature of the complex global business environment.
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Tanasiichuk, Alona, Svitlana Kovalchuk, Serhii Sokoliuk, Eduard Kovtun, Oksana Dodon, Hanna Sakun, and Liudmila Serednytska. "International Business Strategy: Ensuring Enterprise Stability Amidst Turmoil." European Journal of Sustainable Development 13, no. 2 (June 1, 2024): 278. http://dx.doi.org/10.14207/ejsd.2024.v13n2p278.
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The study determined stages of the formation of international marketing strategies in modern conditions of globalization were considered, and the classification of the goals of entering international markets by Ukrainian enterprises in the conditions of war was carried out. Approaches to forming international marketing strategies for Ukrainian enterprises, which carry out economic activities in war conditions, have been developed. The advantages and disadvantages of various international marketing strategies, which should be taken into account by domestic enterprises when choosing strategic directions for the development of international activities, are determined. The procedure for choosing an international marketing strategy for the business development of domestic enterprises is substantiated, and a graph-analytical model of the process of making a management decision on choosing a strategic direction for the development of international activities of Ukrainian enterprises is proposed. To demonstrate approaches to the selection of international markets for assessing their convergence, the following indicators have been defined: GDP per capita, purchasing power parity, inflation rate, corruption rate, rule of law index, carbon dioxide emissions, natural resource income, agricultural value added, food production index, business freedom index, and industrial value added. The results of a comprehensive study have led to the conclusion that the markets of Germany, Ireland, Sweden, Denmark, Belgium, the Netherlands, Austria, Finland, Luxembourg, and France have favorable conditions for the strategic development of international activities of Ukrainian enterprises in them. It has been determined that the markets of Slovenia, Malta, Czech Republic, Portugal, Italy, Lithuania, Cyprus, and Spain may become promising for the strategic development of international activities of Ukrainian enterprises, provided that a significant gap in their main indicators is overcome, namely: "Control of Corruption" and "Rule of Law Index". Keywords: strategic directions of international activity development, business sustainability, international marketing strategies, model of the management decision-making process, new offers in world markets, integration into the world economy, assessment of market convergence, business freedom index, industrial value added
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Bakhru, Kanupriya Misra, Manas Behera, and Alka Sharma. "Entrepreneurial communities and family enterprises of India." Journal of Enterprising Communities: People and Places in the Global Economy 12, no. 1 (March 12, 2018): 32–49. http://dx.doi.org/10.1108/jec-01-2017-0003.
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Purpose This paper aims to examine the traditional business communities and family businesses of India, their emergence and sustained growth. Design/methodology/approach The authors analyze the role of business communities in family businesses of India and identify business communities that have still sustained and marked a global presence. Findings Business communities such as Marwaris have the knack for business activities and are leaders of family businesses in India today, who have sustained their past success and continue to create new histories. Other traditional business communities such as Parsis, Sindhis, Chettiars and Gujarati banias have not been able to sustain much. Possible reasons were switching to white-collar jobs, taking up diplomacy and other professions, inter caste marriages, international migration in search of business and Indian government policies. Research limitations/implications This study provides a useful source of information for academics, policy-makers and economists. Practical implications Traditional business communities populate the list of family businesses that have marked their global presence. This paper identifies various factors that are responsible for the growth and sustainability of these business communities. Social implications The study clarifies the role of business communities in domestic economic development. Originality/value The paper explored traditional business communities of India and assessed their role in family businesses of India that currently mark a global presence.
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Tsai, J., and H. Y. Hung. "International brand strategy of Taiwanese hi-tech enterprises." Agricultural Economics (Zemědělská ekonomika) 53, No. 2 (January 7, 2008): 83–88. http://dx.doi.org/10.17221/903-agricecon.
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This paper compares two Taiwanese high-tech enterprises, Acer and Trend Micro, which choose different international brand marketing strategies due to the diverse managing types and product characteristics. The hardware products and business software sold by Acer and Trend Micro are discussed to reveal their international brand development and marketing strategy. The research findings can be provided for different enterprises for decision-making when they consider their internationalization and brand strategy.
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Christauskas, Ceslovas, and Regina Miseviciene. "Cloud–Computing Based Accounting for Small to Medium Sized Business." Engineering Economics 23, no. 1 (February 15, 2012): 14–21. http://dx.doi.org/10.5755/j01.ee.23.1.1220.
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Small to medium sized business enterprises are young and constantly changing their sphere of activities depending on fluctuations of the market. The enterprises daily use accounting information, which is used in enterprise’s financial situation evaluation, correct decisions making, enterprise’s financial situation analysis according to the results received, making plans for future and controlling the whole enterprise. Accounting information systems play a significant role in providing the financial information for decision making within an organization. The systems are simultaneously providing information for a variety of other decision makers in production, human resources, finance, management, marketing, and supply chain logistics. Unfortunately, accounting systems often do not support business properly. The causes may be: systems mostly are too large and complex to comprehend them in entirety and traditional information technologies are not efficient. There is a need to adopt the newest technologies in small to medium sized business. In the paper investigated study showed the newest trends in accounting information systems for small to medium sized business. One of the newest trends in the information technologies world is cloud computing based technology. Accounting transfer to "cloud" is a new and innovative solution that can help save significant funds small and medium-sized enterprises. Small to medium businesses can get a lot of advantages with the newest technology. However, it has its own risks too. The paper indicates advantages and dangers of the newest technology within the business. Investigation of accounting systems for small and medium sized enterprises in Lithuania in the cloud-computing context is a part of the research. Lithuanian companies have a great opportunity to use cloud computing capabilities. But only one developer of accounting systems offered the cloud based accounting program. Results of the research summarized only by main accounting software. Investigation was carried out by using systematic and comparable literature review of accounting information systems faced to small to medium sized business. The investigation also shows that there are not so many scientific papers on the newest cloud computing trends in Lithuania. Accordingly, this research was mostly based on literature review sourced from the internet.DOI: http://dx.doi.org/10.5755/j01.ee.23.1.1220
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Sun, Weize, Mingtao Yu, Haotian Zhang, and Yifan Zhang. "Does Uncertainty of Trade Environment Promote Green Technological Innovation? Empirical Evidence from China." Sustainability 14, no. 23 (December 4, 2022): 16195. http://dx.doi.org/10.3390/su142316195.
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In recent years, the international environment has changed rapidly, and the uncertainty of the trade environment faced by enterprises has dramatically increased. As a major participant in world trade, the uncertainty of the trade environment has significantly impacted the daily business activities and various behaviors of Chinese manufacturing enterprises. Green technology innovation has also become an important tool for enterprises to enhance their sustainable development ability and improve their ability to cope with changes in the external environment. The change in the trade environment will affect the business development of enterprises. To face the change in the trade environment, enterprises often choose to improve their technology level and increase the added value of their products. In the context of sustainable development, green technology innovation has higher technical strength and is more in line with the requirements of international development, which is strong support for enterprises to cope with the change in the trade environment. However, the current literature is scant on the association between trade uncertainty and green innovation. In this context, this study used the data of Chinese manufacturing listed companies from 2011 to 2020 to empirically analyze the relationship between trade environment uncertainty (UTE) and green technology innovation (GTI) using panel data estimation methods and further explore the related heterogeneity and its impact on sustainable development. The results show that: (1) UTE has a significant positive impact on the GTI of enterprises, and the robustness test verifies these findings. Different kinds of UTE have different effects on enterprise GTI. UTE also has a positive impact on the independent GTI of enterprises. (2) Compared with non-state-owned enterprises, the GTI of state-owned enterprises is more vulnerable to the positive impact of UTE. (3) UTE significantly and negatively impacts enterprises’ business activities and further challenges enterprises’ sustainable development. However, the enterprise’s GTI behavior, especially the substantial GTI, helps mitigate the adverse impact of UTE on the company’s sustainable development. Finally, this paper provides targeted suggestions for enterprises to better cope with UTE and improve their sustainable development capabilities.
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Zhao, Yiming, and Chang Won Lee. "Effect of Strategic Partnership on Corporate Performance in Supply Chain Management." Academic Society of Global Business Administration 20, no. 2 (April 30, 2023): 107–29. http://dx.doi.org/10.38115/asgba.2023.20.2.107.
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In supply chain management, the importance of partnership is increasing by ensuring the competitive advantage of enterprises, reducing the cost of supply chain management and improving the results of enterprises. The purpose of this study is to derive the construction factors of strategic partnership, and based on the derived information sharing, environmental protection cooperation, international standardization, mutual trust and customer satisfaction, which regulate the variables, analyze the correlation between the business results of enterprises and explore the mutual influence. 412 Chinese import and export manufacturers were investigated and analyzed. The analysis results show that the strategic partnership of supply chain management has a statistically significant positive (+) effect on enterprise performance, and customer satisfaction plays an important moderating role in the relationship between partnership construction and enterprise business performance. In supply chain management, the positive impact of establishing partnership on business results has been verified, so it can be used as an important basis for enterprises to improve business activities. This indicates that the establishment of strategic partnership is beneficial to enterprises, which can improve customer satisfaction and enterprise results. It is meaningful to recognize that the more perfect a partnership is, the more profits a company can reap.
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Rykunov, I. V. "Methodical approach to the formation of a business risk management system for international hydropower projects based on a balanced scorecard." Issues of Risk Analysis 16, no. 2 (April 28, 2019): 88–94. http://dx.doi.org/10.32686/1812-5220-2019-16-2-88-94.
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Among business structures leading international business, there is not a single business without risks. According to the author, it does not depend on the field of work or the type of activity of the enterprise. The field of hydropower is exposed to risks, perhaps, to a greater extent, because in addition to the main business risks, risks associated with the implementation of projects that depend on renewable energy sources are added. The purpose of this study is to find the main indicators of the performance of hydropower enterprises to assess the risks of their international projects. The study used an analytical method. One of the risk assessment tools is a balanced scorecard. In this article, the author reviewed the work of a similar subject of the authors, published in the journal “Problems of Risk Analysis”. Some aspects of the formation of the system as a tool for assessing the risks of business structures and businesses operating in the field of hydropower are covered. The scope of the results obtained can be a set of management decisions made by the management of hydropower enterprises, as well as in the development of a risk management methods. It is a conscious and rational attitude to risk that expands the possibilities for successful management of international hydropower projects.
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Lorek, Elżbieta. "CORPORATE SOCIAL RESPONSIBILITY IN BUSINESS PRACTICE – NATIONAL AND INTERNATIONAL EXPERIENCE." Zeszyty Naukowe Wyższej Szkoły Humanitas Zarządzanie 21, no. 4 (December 31, 2020): 29–41. http://dx.doi.org/10.5604/01.3001.0014.7956.
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The article deals with the problem of implementing standards based on corporate social responsibility (CSR) in enterprises. It describes issues related to the definition of the concept of corporate social responsibility and the scope of activities affected by CSR. The article also focuses on the advantages of applying CSR principles in an enterprise as well as the controversies and dangers that may arise. The article contains numerous references of the described issues to the observed reality.
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Puhachova, M. V. "Using International Ranks and Business Activity Indicators for Economic Development Forecasting." Statistics of Ukraine 83, no. 4 (December 17, 2018): 34–43. http://dx.doi.org/10.31767/su.4(83)2018.04.04.
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The majority of countries use several well-known integral indicators for economic forecasting purposes, on which basis these countries’ ranks in the global economic community are computed. Apart from allowing investors to make investment decisions, such indicators and ranks help in forecasting economic development in forthcoming periods. The best known of them is Ease of Doing Business Index and Global Competitiveness Index.
The less known ones are indicators of Business Tendency Surveys (BTS), computed on the basis of data obtained from questionings of enterprise managers in various economic sectors and from studies of consumer sentiments. Yet, specialists tend to use the data from these conjuncture surveys to analyze the current economic situation in a country (total or by industry) and build short-term forecasts.
Apart from the survey indicators depicting quite clearly a situation in the economy, the most popular ones in Europe are Confidence Indicators for enterprises by economic activity, and Economic Sentiment Indicator incorporating the indicators from BTS of enterprises and consumer sentiments. These indicators are computed by the European Commission for EU member countries on monthly basis.
The article shows changes in Doing Business ranks for selected EU member countries and Ukraine. BTS indicators for industrial enterprises (estimate of production capacities; estimate of change in the production orders; estimate of the competitive position of enterprises at the internal market) are analyzed for some of these countries. A comparison of the dynamics of production capacities utilization, business confidence indicators and Doing Business rank is made for Ukraine and Bulgaria. The prognosticating capacities of BTS indicators compared with Doing Business indicator are analyzed.
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Tanasiichuk, Alona, Svetlana Kovalchuk, Olha Hromova, Hryhorenko Inna, and Fedortsova Olena. "Evaluation of the Convergence of International Markets for Agricultural Enterprises of Ukraine under International Diversification Conditions." European Journal of Sustainable Development 9, no. 2 (June 1, 2020): 467–87. http://dx.doi.org/10.14207/ejsd.2020.v9n2p467.
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It is proposed the classification of indicators of convergence assessment of international markets for determining their marketing attractiveness for the enterprise, which includes absolute and relative indicators of measurement of general statistical data, evaluation of factors of production, information on products and services, dynamic indicators and convergence indicators used by enterprises for the search of new international markets. In the expert assessment of convergence indicators, the markets of foreign countries, the indicators of which are as close as possible to the Ukrainian economy, are distinguished, the result of the assessment allowed to draw conclusions about the marketing opportunities of domestic enterprises in the conditions of the export of goods to the markets of these countries. As the analysis of practical aspects of the functioning of agricultural enterprises and their associations results, a scientific and methodical approach to a comprehensive convergence of agricultural enterprises activities of Ukraine assessment under the conditions of international diversification has been developed. The proposed approach is based on the method of summing up the ranks to rank foreign markets according to the system of dynamic indicators application, which allowed to determine the marketing attractiveness of new international markets for the domestic enterprises activity in these markets and to assess their convergence. As the application of the proposed approach result, foreign markets have been identified which demonstrate favorable conditions for doing business on them, indicating the convergent conditions existence, which is a prerequisite for domestic agricultural enterprises to the markets of these countries release, and also determines the factors and criteria for making managerial decisions regarding realization of domestic agrarian enterprises activity under international diversification conditions. It is proved that the markets of Belgium, Italy, Ireland, Switzerland, and Japan have demonstrated favorable conditions for doing business with them, indicating a significant convergence of markets in these countries. It is determined that the markets of Greece and China are promising for domestic enterprises in the presence of opportunities to overcome a significant margin of discretion. Keywords: convergence, international diversification, international markets marketing attractiveness, convergence evaluation of international markets
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Cai, Shangle. "The Mechanism of International Entrepreneurship to Improve the Innovation Performance of Enterprises: Based on the Perspective of Social Network." Advances in Economics, Management and Political Sciences 59, no. 1 (January 5, 2024): 48–59. http://dx.doi.org/10.54254/2754-1169/59/20231027.
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In order to avoid the negative impact of external disadvantages and changing international business environments, enterprises have an urgent need to establish an effective social network, seek improvement in innovation performance, and stabilize their position in the international market. This paper conducts an exploratory single case study on the Midea Group, investigates the mechanism of international entrepreneurship to improve enterprise innovation performance based on the formation of multiple social networks, including government network, business network, and technological network, and discovers that in the process of international entrepreneurship, three-dimensional social networks contribute to resource conversion, research and development capability, market share, and other factors that boost corporate innovation performance. This research helps to understand the key elements in the process of international entrepreneurship, as well as how to build a close social network with stakeholders, rationally allocate and share various resources, and improve the international business environment and innovation performance of enterprises.
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Udomkit, Nuntana, Volkmar Ensslin, and Roman Meinhold. "Three Stages of Trust Building of International Small- and Medium-Sized Enterprises." Global Business Review 21, no. 4 (July 24, 2019): 906–17. http://dx.doi.org/10.1177/0972150919856990.
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In a globalized world, more and more firms inevitably have to deal with other businesses from a far distance that they perhaps have never met and thus hardly know each other. The escalating level of globalization of business has brought with it the increased importance of trust in international business. Various studies have confirmed the importance of trust as one of the key elements for a successful business partnership. However, less is known about how international small- and medium-sized enterprises (SMEs) develop and maintain trust. This research investigates the characteristics of trusted business partners and how trust is built and maintained over time. In-depth interviews were conducted with the management of 20 international SMEs in Thailand. The essences of trust, namely competency and professionalism, honesty and integrity, empathy and caring and three-stage model of trust building and maintaining in international business are proposed.
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Zubkova, A. B., A. B. Makarenko, R. M. Misiunia, D. S. Maihurova, M. O. Vodiakhina, and A. A. Ihnatova. "Sustainable Behavior in International Business: Corporate Social Responsibility for Mimicry or for Business Value?" Business Inform 11, no. 526 (2021): 425–39. http://dx.doi.org/10.32983/2222-4459-2021-11-425-439.
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The paper is aimed at studying different pillars for the development of long-term and short-term strategies in the field of sustainable development and corporate social responsibility. The paper underlines the key differences between the concepts of sustainable development, corporate social responsibility, and ecological, social, and corporate governance. The study aims to highlight the key differences between sustainable behavior and mimicry, i.e. masking the results of companies' activity under the global or local trends in corporate social responsibility. The article focuses on studying key systems for measuring the sustainable development level. Therefore, the results of the world's leading companies have been analyzed according to the main ratings of the sustainable development level. The paper presents the empirical study of the activities of the leading Ukrainian companies in sustainable development, compares their results with those of less successful companies, examines the general situation in Ukraine. Despite the relatively high sustainable development level of the leading players in the Ukrainian market, the companies that had a lower position in the sustainability ranking got lower scores by the key components of evaluating the sustainability level. The research emphasizes the complexity of measuring the sustainable development level of enterprises, and also proposes an integrated system for evaluating the sustainable development level of enterprise, based on a combined list of components used by different analytical companies. The expediency of a more detailed monitoring of the Ukrainian companies’ activity, aiming at detecting and counteracting mimicry, is substantiated. The paper proves the necessity to develop a comprehensive measurement system for determining the sustainable development level, which will provide the most accurate evaluation and recommendations for business development.
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Skrypnyk, Nataliia, and Bohdan Zakharchenko. "Formation of a competitive profile of domestic companies in the global business environment." Galic'kij ekonomičnij visnik 83, no. 4 (2023): 171–81. http://dx.doi.org/10.33108/galicianvisnyk_tntu2023.04.171.
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The article examines the key aspects of the process of Ukrainian companies entering the global market: prerequisites and factors influencing the international development of companies during expansion and establishment in the context of modern competitive relations; forms of business and enterprise development. A brief structural analysis of the main development strategies of companies in the conditions of entering the markets of other countries is carried out, examples of the strategies of international development of large domestic companies, international cooperation and the construction of successful enterprises are given. The main trends of the entry of domestic companies into the international business environment are highlighted and the features of competitive opportunities of Ukrainian enterprises are revealed, the problems of competitiveness of Ukrainian companies in the international business arena are analyzed. It is analyzed how global economic processes affect the international division of production factors and the territorial location of productive forces. International competition, globalization of markets, large-scale penetration of foreign goods into the Ukrainian market transfer the problem of managing the competitiveness of the enterprise to the number of priority management tasks, the successful solution of which will ensure the survival and development of enterprises in the new environment. The globalization of the world economy opens up unprecedented opportunities for the development of international business, the characteristic features of which are: accessibility and generality, gradual development, the possibility of carrying out activities in real time, covering all markets of goods and services with the help of telecommunications. The importance and value of business for the world economy is determined by maintaining a competitive market environment, which is a key function at all stages of the development of the world economy. Modern competition is the competition of new companies in terms of strategy, production organization and business culture. The key factors of the successful development of domestic and international companies, such as investment attraction, the use of scientific and innovative developments, and the use of organizational and management experience, were studied.
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Penchev, Petar, and Irena Kenarova-Pencheva. "A Case Study of the Agile Enterprise Regarding the External Business Environment." Proceedings of the International Conference on Business Excellence 18, no. 1 (June 1, 2024): 573–82. http://dx.doi.org/10.2478/picbe-2024-0049.
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Abstract The unstable business conditions, the international antagonism, inconsistent demand as well as the growing expectations of possible clientele put to the challenge the enterprises globally. The enterprises’ agility proposes possibilities to assist companies foresee the new international economic trends. It utilizes critical circumstances of the environment as new prospects for expansion. The enterprises’ agility benefits from endogenous and exogenous alternations in the ecosystem to enhance its capabilities and so to provide constant as well as lucrative presence in the ecosystem. This paper first depicts the state of being agile in an enterprise. Then it explains how agility contributes to the effectiveness of the enterprises. The scientific literature is not abundant with only a few leading scholars on this topic. A methodology is used to assess the existing turbulent business environment in order to explore the forces that stimulate the enterprises to enhance their agility. This research obtains data from a survey conducted in enterprises operating in the textile industry in one geographical region. The questionnaire that was used is only partially analyzed in this paper in order to evaluate the tested enterprises in respect to their agility to the external business environment. The outcome of this analysis shows that some of the enterprises are performing relatively agile whereas others have deficiencies. The contribution brought by this paper is approbation of a scientific methodology in practice and the interpretations of the results supplied by the questionnaire.
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Elezaj, Shaqir, Vehbi Ramaj, and Ramë Elezaj. "The Role of Innovation and Branding on Enterprise Sales Growth in Transition Countries." Academic Journal of Interdisciplinary Studies 12, no. 3 (May 5, 2023): 123. http://dx.doi.org/10.36941/ajis-2023-0065.
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The aim of the study is to assess the role of innovation and branding on enterprise sales growth in transition countries with Kosovo being the case study for the research. The CEO of 300 business enterprises from diverse business sector were interviewed alongside other staff such as human resource managers, sales and marketing managers, and financial managers. The study revealed that service delivery, technology, business model, branding, and age of entrepreneur were significant factors. The result of the study indicates that innovation and branding have a significantly positive effect on enterprise sales growth. The research concluded by noting that brand awareness must constantly maintained through international product advertising and engaging in promotional activities to raise awareness of the product, so as to have a competitive chance of survival in the local and international market. Technological advancement should be welcomed as it forms the foundation of the initiation of innovation in business enterprises.
Received: 14 February 2023 / Accepted: 19 April 2023 / Published: 5 May 2023
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WNOROWSKI, HENRYK, and ANNA WIERZBICKA. "OECD GUIDELINES FOR BUILDING RESPONSIBLE FORMATIONS OF MULTINATIONAL ENTERPRISES." sj-economics scientific journal 32, no. 1 (June 30, 2019): 95–107. http://dx.doi.org/10.58246/sjeconomics.v32i1.42.
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International business has undergone far-reaching structural changes and multinational enterprises are a significant and lasting element of the modern world economy. Strong competition in the market has shown that businesses operating in this area have to cope with a whole range of legal, social and regulatory rules, etc. Many examples of multinational enterprises have shown that respecting high standards of business conduct can increase the pace of growth. This demonstrates the need for discussion of the guidelines addressed to this group of actors, responding to the multitude of problems encountered by international market participants.
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Antoniv, Kateryna, Olga Mnykh, and Josyf Sytnyk. "Problems and Perspectives of International Companies in Ukraine." Equilibrium 6, no. 2 (June 30, 2011): 65–76. http://dx.doi.org/10.12775/equil2011.012.
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The article proves the relevance of the value formation of businesses that operate not only in domestic but also foreign markets. The causes of underestimation of enterprises in modern conditions of the worsening crisis are summarized. Priorities of export-oriented enterprises, their opportunities and threats under conditions of globalization of business are defined. The interaction of factors relating to commodity and stock markets, which significantly affect capitalizational processes is shown.
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Peters, Mike. "Business planning processes in tourism family enterprises." Economics and Business Review 4, no. 1 (June 30, 2004): 74–86. http://dx.doi.org/10.18559/ebr.2004.1.504.
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Despite the fact that business planning can stimulate growth of small or medium sized enterprises, there is still a lack of tourism research focussing on planning processes in family businesses. The following paper presents a survey on family businesses in the Austrian tourism industry and investigates their planning and strategy development behaviour. The findings demonstrate that business planning becomes a major instrument of success and growth control in tourism family business although only less than 30% of the entrepreneurs can be identified as high-professional planners. Interpretations of the results lead to several implications for the tourism industry stakeholders and tourism research. (original abstract)
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VORONKO, Oksana. "FACTORS OF DEVELOPMENT OF INTERNATIONAL ACTIVITIES OF ENTERPRISES IN CONDITIONS OF INSTABILITY." Herald of Khmelnytskyi National University. Economic sciences 320, no. 4 (June 2023): 216–21. http://dx.doi.org/10.31891/2307-5740-2023-320-4-32.
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The article focuses on issues of development of foreign economic activity of domestic enterprises in the existing conditions of instability, including those caused by the consequences of a full-scale war. Factors contributing to the activation of international business of domestic business entities have been identified and analyzed. The purpose of the research is to identify and analyze the factors of development of international activities of Ukrainian enterprises in conditions of instability. It has been proven that methodological and applied developments in the field of researching the environment of the international economy are always relevant and constantly require new research and developments, especially in terms of refining the methodology for identifying and analyzing factors influencing the activation and development of the international activities of Ukrainian enterprises in conditions of critical economic and social -social instability. Emphasis was placed on the fact that, in a difficult situation, the entities responsible for the development of Ukrainian business at the current stage are the enterprises themselves and the state; therefore, issues of private-public policy in the sphere of increasing volumes and ensuring the proper efficiency of the processes of development of the international activity of domestic enterprises in conditions of instability are gaining special relevance. Groups of factors for the development of international activities of domestic enterprises in conditions of instability have been identified and analyzed: contribute to the decentralization of foreign economic activity of domestic business; determine the sources and forms of attracting financial support for the development of activities on international markets; make it possible to systematically strengthen factor competitive advantages in foreign product sales markets; determine the aspects of combining complementary products; serve as obstacles to the development of international activities of Ukrainian enterprises; relate to transactional and transformational costs of foreign economic activity; reveal the possibilities of international technical assistance in terms of the development of international activities of domestic enterprises.