Journal articles on the topic 'Methodology for assessing the financial potential of the enterprise'
To see the other types of publications on this topic, follow the link: Methodology for assessing the financial potential of the enterprise.
Create a spot-on reference in APA, MLA, Chicago, Harvard, and other styles
Consult the top 50 journal articles for your research on the topic 'Methodology for assessing the financial potential of the enterprise.'
Next to every source in the list of references, there is an 'Add to bibliography' button. Press on it, and we will generate automatically the bibliographic reference to the chosen work in the citation style you need: APA, MLA, Harvard, Chicago, Vancouver, etc.
You can also download the full text of the academic publication as pdf and read online its abstract whenever available in the metadata.
Browse journal articles on a wide variety of disciplines and organise your bibliography correctly.
1
Ischenko, N. A. "Assessing the Level of Financial Potential of Enterprises." Business Inform 12, no. 527 (2021): 238–43. http://dx.doi.org/10.32983/2222-4459-2021-12-238-243.
Full textAbstract:
The article is aimed at deepening the theoretical and methodological foundations for assessing the level of financial potential of enterprises. The article considers and summarizes approaches to determining the essence of the concept of «financial potential», indicators used in assessing financial potential, and the stages by which the assessment takes place. It is defined that the purpose of assessing the level of financial potential is to determine the type of financial sustainability of the enterprise and its solvency for further construction of a strategy for managing financial potential. The methodology of estimation of the level of financial potential of the enterprise is proposed, which includes three stages: 1. Collection of information characterizing the financial activities of the enterprise. 2. Selection and calculation of the main indicators characterizing the financial sustainability of the enterprise. At this stage, it is necessary to determine the type of financial sustainability of the enterprise. 3. Determination of the level of financial potential of the enterprise on the basis of the type of financial sustainability. An assessment of the level of financial potential of a particular enterprise is carried out and it is found that in 2018 and 2020 it had absolute financial sustainability and a high level of financial potential, and in 2019 – normal financial sustainability and an average level of financial potential. The necessity of forming a financial potential management strategy, which should include the following components: diagnostics and forecasting of the financial potential of the enterprise; strategic and tactical planning; selection of effective financial instruments; financial risks management; tax planning; organizational and legal registration and further control of financial flows, is substantiated
2
Akbasheva, A. A., and E. A. Yaitskaya. "Analysis of the existing methods for assessing the financial state of the enterprise as a tool to ensure its economic security." Proceedings of the Voronezh State University of Engineering Technologies 82, no. 4 (January 20, 2021): 327–34. http://dx.doi.org/10.20914/2310-1202-2020-4-327-334.
Full textAbstract:
In modern unstable conditions of economic development, special attention is paid to the financial condition of enterprises, since it reflects all aspects of the financial and production activities of an enterprise, determines its potential in the business world, competitiveness, stability in the market and determines potential positions in the market. Analysis of the financial condition of an enterprise in the presence of internal and external threats will allow assessing the current and prospective financial position of an economic entity, assessing the potential pace of development, identifying possible sources of assets formation, and predicting the financial position of an enterprise in the market. The scientific article summarizes modern methods of analysis and assessment of the financial condition of an enterprise, studies the systems for determining the financial condition as a tool for ensuring economic security. and also presents their features and content. Based on a comparison of the most common methods for assessing the financial condition of an enterprise, the following conclusion can be drawn: at present, when analyzing the financial condition of enterprises, the problem of choosing a methodology that meets the requirements of an enterprise to enhance the analysis of one or another block of economic and financial indicators is highlighted. That is, the given interconnections of the analyzed phenomena that characterize financial and economic activities can be very diverse and complex. Therefore, it is advisable to conduct analytics using not all the diversity, but only those factors and indicators on which the results of the financial and economic activities of the enterprise directly depend. All methods of assessing the financial condition of enterprises can be applied at enterprises in order to ensure economic security. Enterprises in an environment of uncertainty continuously need timely, objective and complete information about their financial condition to ensure constant and stable protection against real and potential threats and hazards. Moreover, owners and investors need such information. However, it is always necessary to remember and realize that the conditions of a market economy dictate their own rules, the promotion and development of enterprises takes place in a tough competitive environment, therefore, information should be submitted in a timely manner in order to make appropriate management decisions.
3
Pakhnovskaya, N. M. "Development of methodological support to assess the financial potential of a commercial organization." Economic Analysis: Theory and Practice 19, no. 12 (December 25, 2020): 2336–57. http://dx.doi.org/10.24891/ea.19.12.2336.
Full textAbstract:
Subject. The number of companies filing for bankruptcy is growing. More often, the reason relates to resource imbalance, which is manifested in the lack of capacity to build-up resources. One of the key drivers of growth and development of any modern company is the availability of capital, which determines its financial potential. Objectives. The purpose of the study is to develop a methodology for assessing the financial potential of a commercial organization (an industrial enterprise in particular), based on characteristics of its determining factors. Methods. I employ general scientific methods and techniques, like analysis, grouping, systematization, and modeling. Results. The proposed methodology for assessing the financial potential of an enterprise rests on a system of interrelated indicators. Each indicator characterizes a certain factor in the formation and destruction of financial potential. These indicators are expressed in relative units of measurement and reflect different aspects of organization's activities in terms of factors that shape its financial potential. Conclusions. The findings will help enrich the methodological tools of financial management of the organization, primarily when making decisions on investment and capital mobilization.
4
Smerichevska, S., I. Miahkykh, S. Yeletskykh, S. Borysova, and V. Bryzhnychenko. "Financial and economic narratives for evaluation of innovative potential of enterprises." Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu, no. 1 (February 28, 2022): 145–52. http://dx.doi.org/10.33271/nvngu/2022-1/145.
Full textAbstract:
Purpose. Development of a methodological approach to the assessment of the enterprise innovation strategy and its modeling. Methodology. During the research, we used general and special methods: systematization for generalization of theoretical bases, comparative analysis and synthesis in order to clarify concepts, formal-logistical for the formation of a methodological approach, graphic-analytical method for visual presentation of research results; empirical research for the study of innovation potential, simulation and multiple regression modeling for the formation of strategic guidelines. Findings. The methodical approach of assessment of the enterprises innovative potential was grounded and the initiative model of choosing the strategy of enterprises was created, which allows analyzing quantitative indicators of structural elements of potential, assessing the level of development of each component. In the course of the research a methodical approach to assessing the intellectual potential of industrial enterprises has been developed. Originality. In contrast to the existing ones, this methodological approach provides: a comprehensive assessment of the innovation potential of industrial enterprises; econometric models for determining the components of the innovation potential of enterprises; the model of innovation strategy selection, which is an informational and analytical tool for working out the variants of strategies and development orients. It is proved that the implementation of the developed methodological approach will allow adopting an effective innovative strategy of enterprise development taking into account financial and economic narratives. Practical value. The results of the research can be used by practitioners, scientists, government officials (the Ministry of Economic Development and its structural divisions, local self-government bodies in the field of economics) for the development and implementation of innovation strategies, as well as for the development of managerial decisions in the field of innovation, increasing the value added, capitalization and level of competitiveness.
5
Koval, M. I., and B. Yu Melnyk. "Methodical approaches to assessing the impact of labor development indicators on the performance of enterprises." Economies' Horizons, no. 4(11) (November 13, 2019): 120–29. http://dx.doi.org/10.31499/2616-5236.4(11).2019.228703.
Full textAbstract:
The purpose of the study is to substantiate the possibility of applying new methodological approaches to assess the impact of significant indicators (factors) of labor potential on the results of the enterprise by using methods of factor analysis and obtaining bottlenecks for practical application of relevant management issues aimed at improving the results of research enterprises. The mechanism of application of new methodical approaches to determination of influence of internal indicators (factors) of development of labor potential of the enterprise on the results of financial and economic activity of enterprises by the use of special mathematical tool - methods of the factor analysis are investigated. The choice of indicators that adequately reflect the forms of manifestation of the essence of the studied phenomenon for such a factor analysis is an extremely important problem. Methodology. In our case, sixty-seven indicators characterizing their labor potential were selected at three enterprises. Thirty-six of the most valuable of them were selected due to the use of mathematical statistics, which served as input for factor analysis, as a result of which the authors obtained a matrix of factor loadings of indicators characterizing the labor potential of the studied enterprises. The practical significance of the study іs that, as a result, the most significant factors of influence were identified for each of the studied enterprises. Taking into account these factors, it is possible to effectively manage the development of labor potential of the enterprise in the direction of improving the results of their financial and economic activities.
6
Antonova, А. А., and P. S. Khmelenko. "Economic Assessment of the Performance of Metal Trading Enterprises." Economics and Management 27, no. 7 (September 1, 2021): 537–46. http://dx.doi.org/10.35854/1998-1627-2021-7-537-546.
Full textAbstract:
Aim. The presented study aims to improve the theoretical and methodological approach to assessment and to develop practical recommendations for improving the performance of metal trading enterprises.Tasks. Based on a study of the essence of the concept of “performance” and assessment models, the authors develop methodological provisions for assessing the performance of enterprises; investigate industry-specific features and factors affecting the performance level of metal trading enterprises; develop a comprehensive methodology for assessing the performance level of enterprises in the metal trading industry; test the developed methodology on metal trading enterprises in the Republic of Crimea; identify potential directions for improving the performance of the analyzed group of enterprises.Methods. This study uses a wide range of general scientific methods: induction and deduction, abstraction, analysis and synthesis, modeling, systematization of theoretical and practical material. Analytical, graphical, and statistical methods and the method of comparative economic analysis are applied. The research methodology is based on the key provisions of the theory and practice of financial and economic analysis of enterprise activity.Results. The problem of ensuring the performance of an enterprise essentially comes down to increasing economic results per cost unit. At the same time, among the existing assessment models, the management model provides the most comprehensive accounting of various aspects of operation. The main aspects for assessing the performance of enterprises include the application of a dialectical approach, compliance with certain principles, and the sequence of implemented actions. The conducted analysis of factors affecting the performance level of metal trading enterprises reveals the most negative factors: decreasing purchasing power, increasing tax burden, non-market competition, and underdeveloped industrial infrastructure. This study presents a comprehensive methodology for assessing the performance level of metal trading enterprises, the idea of which goes back to the “performance pyramid” model for analyzing and evaluating operating results developed by K. McNair and is supplemented with a system of key indicators. The proposed methodology is tested on actual enterprises in the Republic of Crimea, and recommendations for increasing the achieved level of performance are formulated.Conclusions. The developed assessment methodology is based on the idea of performance as a pyramid, the volume of which reflects the level of performance; the sides of the base are key indicators showing the state of various aspects of the enterprise’s operation; the base area is the current potential of the enterprise formed by its activities; the pyramid’s height is the position of the enterprise in the market. The integrated index calculated based on the methodology makes it possible to assess the current performance level of the enterprise in accordance with the conventional assessment scale and to develop a list of the most significant measures for improving it.
7
Nesterenko, Valentyna, and Olena Chevychelova. "Developing a methodology for assessing the risk of hostile takeover of a motor transport enterprise and measures to prevent it." Automobile transport, no. 49 (December 24, 2021): 79–85. http://dx.doi.org/10.30977/at.2019-8342.2021.49.0.07.
Full textAbstract:
Problem. Mergers and acquisitions are traditional processes of redistribution of property rights in a market economy. Mergers are often used by companies to gain control over larger market segments and increase performance efficiency. The acquisition process is not always desirable for the target company and is often used to establish control over its assets. Thus, the problems of assessing the risk of hostile takeover of the enterprise and its prevention are extremely relevant at the current stage, especially in the transport sector of Ukraine. Goal. The goal of the work is to develop the methodology for assessing the risk of hostile takeover of a motor transport enterprise and suggest methods for preventing its occurrence. Methodology. During the study, the following research methods have been used: analysis and synthesis, logical analysis. Information resources of the study are electronic information resources and periodic publications. Results. The risk of hostile takeover of an enterprise is the probability that the enterprise will become the takeover target through the legal actions and methods taken by the acquirer, but the acquisition procedure itself is against the wishes of the target’s board. The list of factors that determine the attractiveness of the potential acquisition target includes: the attractiveness of the enterprise in terms of its financial results and performance, the enterprise is not public, it occupies a considerable market segment, the enterprise operates as a joint-stock company, it is attractive in terms of further resale of its assets, the prospects of the industry in which the enterprise operates. According to the results of the studies assessing the risk level of hostile takeover of the group of motor transport enterprises, it has been revealed that 45% of enterprises are in the medium risk group. The following list of measures aimed at defending motor transport enterprises against hostile takeovers has been developed: the formation of optimal share capital structure; share consolidation when the majority shareholder holds the controlling interest; carrying out a sound dividend policy, the continuous monitoring of amounts and maturity dates of accounts payable, preventing the risk of arousing the counterparties’ interest in the resale of debt obligations of the enterprise to others. Originality. The methodology for assessing the risk of hostile takeover of a motor transport enterprise and reasonable measures to prevent its occurrence have been proposed. Practical value. The proposed recommendations can be used by the owners and management of motor transport enterprises to build an effective system for preventing potential hostile takeovers.
8
Vasylyk, Nataliia. "ESTIMATION OF EFFICIENCY OF RESOURCE POTENTIAL MANAGEMENT OF ENTERPRISE." Economic Analysis, no. 28(3) (2018): 154–61. http://dx.doi.org/10.35774/econa2018.03.154.
Full textAbstract:
Introduction. The resource potential of the enterprise is the basis of its development. In order to know how efficiently resource potential managing of the enterprise, systematic assessment and analysis is required. The estimation of efficiency of resource potential management bring about manner to identify deficiencies in a timely and reserves of development, and the strengths of the enterprise. Goal. The purpose of the thesis is to improve the methodology for assessing the effectiveness of resource potential management of the enterprise. Method (methodology). To achieving the purpose of the thesis were used the following methods: synthesis, induction, generalization, systematic, comparison, grouping, studying of documents, expert evaluations, tabular, coefficients and others. Results. During the researching, the methodology for the effectiveness of resource potential management of the enterprise was improved, which is based on the calculation of unit, group, complex indicators for each of the components of the resource potential and the subsequent counting of calculations to the integral indicator. It is determined that the assessment should be carried out on the components of the resource potential, such as: the potential of material resources, labor potential, the potential of fixed assets (three components of production potential), as well as financial and information potential. It has been established that the growth of complex and integral indicators will indicate an increase in the level of management efficiency and vice versa. The method is tested on the activity of one of the bakery enterprises of PJSC "Teremnohl Khleb". On the basis of calculations, the main measures were proposed to improve the efficiency of management of the resource potential of the enterprise.
9
Yakovlev, Vladyslav, and Olena Druhova. "ANALYSIS OF MANAGEMENT OF PRODUCTION POTENTIAL OF MACHINE-BUILDING ENTERPRISES OF KHARKIV REGION." Three Seas Economic Journal 2, no. 3 (September 30, 2021): 124–29. http://dx.doi.org/10.30525/2661-5150/2021-3-16.
Full textAbstract:
The purpose of the article is to study the management of production potential of machine-building enterprises in the Kharkiv region, 9 enterprises were analyzed and their production indicators were studied. The effectiveness of the production potential is characterized by production, technological, financial and innovative components. It should be noted that since the production potential is a component of the economic potential of the enterprise, the structure presented in Fig. 1 is quite conditional. If we consider the production potential from this point of view, then, for example, its innovative component is inextricably linked with the innovative potential, and the financial component – with the financial potential. Sustainable development and competitiveness of an industrial enterprise depends on the level of production potential, which is the foundation of production activity. The production potential of an industrial enterprise is a complex, dynamic and stochastic system consisting of a number of interconnected components. At the legislative level, an attempt has been made to build a single model of an integrated indicator of the financial condition of large, medium and small enterprises. According to the approved IFI Procedure for assessing the financial condition of a potential beneficiary of an investment project, the level of financial condition of the enterprise is determined depending on the value of the integrated indicator, which allows the classification of enterprises in the industry or region. At the same time, questions about the structure of innovation potential remain controversial in the scientific literature. The development of an integrated module for the assessment of production potential is the first stage of the presented methodological approach. The next step is to improve the information subsystem of monitoring the financial and economic activity of industrial enterprises, which in turn is an integral part of the IT system of enterprise management. At this stage, it is necessary to develop software that provides analysis and comprehensive assessment of production capacity. After integrating the software module with IS monitoring, we have to test the software using the collected database on the financial and economic activity of the enterprise. Comparing the results of the assessment with the assessment from the analytical reports of independent experts will allow to determine the level of adequacy of the presented model and software. Methodology. The analysis was conducted on the basis of financial statements of enterprises of the machine-building industry of Kharkiv region for the period 2018, 2019, 2020. Results of the study show that the enterprises of the machine-building industry have low indicators of production potential, so enterprises need to change the strategy in the market to improve production capacity to increase competitiveness and improve. Practical implications. Given that companies have lost traditional markets in recent years and products are not in high demand in European markets, it is necessary to develop ways to improve the management of the potential of machine-building enterprises, seek new markets and strengthen cooperation with international companies. Value/originality. The study will help the management of enterprises to more effectively manage the enterprise and improve their production capacity.
10
RUZAKOVA, OLGA. "AUTOMATION OF THE FINANCIAL ANALYSIS DECISION-MAKING PROCESS ON THE INTERNET." "EСONOMY. FINANСES. MANAGEMENT: Topical issues of science and practical activity", no. 2 (52) (June 26, 2020): 52–65. http://dx.doi.org/10.37128/2411-4413-2020-2-4.
Full textAbstract:
The article proposes to use modern Internet technologies for improving the accuracy, speed and validity of financial decisions. They allow us to create a special web page where investors can conduct an assessment of potential investment objects financial status online through an appropriate decision support system. Research is based on the scientific works of domestic and foreign scientists using on the assessing the financial condition of the enterprise problems, the preparation of reporting documentation of specific enterprises, as well as taking into account the results of personal research. A detailed analysis of theoretical, scientific and practical publications, regulatory documents for assessing the financial condition of the enterprise, as well as relevant works on economic and mathematical modeling is carried out. He made it possible to identify the theoretical and applied problems in the field of study and to propose ways to solve them. The expediency of using economic and mathematical methods for estimating the financial state of the enterprise is substantiated. Formulated scientific provisions, conclusions and recommendations are based on the study of the subject area, the application of methods of economic and mathematical modeling, system analysis and methods of expert assessments. Such a system will make it possible to speed up the decision-making process, to carry out an objective and independent expert evaluation, taking into account the specifics of foreign financial management, to simplify the evaluation process through Internet technologies, and to significantly reduce the cost of such service. It is proposed to apply the theory of fuzzy sets in the construction of DSS, which allows to take into account the different quality parameters of the object being evaluated, to stratify the evaluation process and to analyze a powerful set of evaluation parameters. As a result, it improves the quality of assessing the financial condition of the enterprise using the methodology and tools of mathematical modeling.
11
Danilova, Elvira. "ASSESSMENT OF ECONOMIC SECURITY OF REALIZATION OF ECONOMIC POTENTIAL OF AIR TRANSPORT ENTERPRISES." Economic Analysis, no. 30(1, Part 1) (2020): 50–56. http://dx.doi.org/10.35774/econa2020.01.01.050.
Full textAbstract:
In the article is analysed the scientific views on the economic essence of the concepts "economic potential", "state of use of economic potential" and "economic security of use of economic potential". The author's understanding of the concept of "economic security of realization of economic potential" is given, the components and indicators of estimation of financial and production potential of aviation enterprise are defined. The state of liquidity, solvency, business activity of air transport enterprises of Ukraine (PJSC "Motor Sich", PJSC "International Airlines of Ukraine" and others in the period from 2015 to 2018) was assessed as components of the set of resources that form the economic potential of future enterprise development. Goal. The purpose of the article is to assess the economic security of the economic potential of airlines of Ukraine on the basis of resource-functional approach, analysis of indicators of financial and production potential of the air transport company. Method (methodology) of work. To assess the economic potential of airlines, a system of indicators for assessing the components of economic potential (production, financial, personnel, information, management, marketing and marketing) was used. Results. As a result of studying the essence of the concept of economic potential revealed its ability to reflect the achievability of economic security criteria, which gives grounds to consider the use of the concept of economic potential to reflect the state of economic security of the enterprise. Assessment of economic security of realization of economic potential of air transport enterprises allowed to draw a conclusion that the majority of airlines of Ukraine work in a zone of risk and critical danger.
12
Yurkiv, Ruslan. "FORMATION AND USE OF FINANCIAL POTENTIAL OF INVESTMENT ACTIVITY OF SMALL ENTERPRISES." Three Seas Economic Journal 2, no. 1 (April 26, 2021): 104–9. http://dx.doi.org/10.30525/2661-5150/2021-1-17.
Full textAbstract:
The purpose of the paper is to study the processes of formation and use of financial potential of investment activity of small enterprises. The subject of research is the patterns of formation of financial potential of investment activity of small enterprises. Methodology included structural and systems analysis, as well as the theory of optimal control. In addition, methods of economic and statistical analysis were used. The main results of the study include the definition of the essence and selection of types of the financial potential of investment activity of enterprises. It is found that the financial potential of investment activity of the enterprise is its ability to attract financial resources to ensure this activity. The available, aggregate, and long-term financial potentials of investment activity are defined and characterized. The possibility of distinguishing the general, effective and optimal varieties of this potential are also noted. It is shown that the aggregate financial potential of investment activity of the enterprise, in addition to the available potential, also includes the available reserve for the growth of the financial potential of investment activity due to the implementation of measures that do not require investment. It is proven that the financial potential of investment activity of small enterprises is at the intersection of two other types of their economic opportunities: investment potential and the potential of the flow of the financial resources to finance investment activity of enterprises. The generalized model of the course of processes of formation and use of the financial potential of investment activity of small enterprises is constructed and analyzed. A number of indicators for assessing the level of use of the financial potential of investment activity of small enterprises are proposed. In particular, these indicators include the share of the actual volume of realization of the available financial potential of investment activity of enterprises in the amount of the potential, the share of the available financial potential of investment activity of enterprises in the value of their investment potential, the share of the actual volume of realization of the available financial potential of investment activity of enterprises in the value of their investment potential. The third indicator is the product of the previous two. The level of investment activity and use of the available financial potential of investment activity of fifty Ukrainian small enterprises is studied. It is established that the largest share includes enterprises with a low and satisfactory level of investment activity. At the same time, the average level of realization of the available financial potential of investment activity of enterprises increases with the growth of investment activity. The practical significance of the results in the work of small enterprises will allow to identify and implement untapped opportunities for growth in the financial potential of investment activity of these enterprises. Also, these results make it possible to establish the level of actual realization of this potential and identify areas for increasing this level, which is especially relevant in the context of the COVID-19 pandemic.
13
Vinichenko, Ihor, and Tetiana Shutko. "THE MATRIX MODEL FOR ASSESSING THE INVESTMENT ATTRACTIVENESS OF AGRICULTURAL ENTERPRISES." Baltic Journal of Economic Studies 5, no. 3 (August 1, 2019): 9. http://dx.doi.org/10.30525/2256-0742/2019-5-3-9-16.
Full textAbstract:
The purpose of the paper is concerned with the relevant problem of regional development – the development of methodological instruments for assessing the investment attractiveness of agricultural enterprises. The article discusses the concept of “investment attractiveness” and justifies the author’s position of its content. It has been established that the enterprise is an open system, so its appeal includes both internal and external environment, so the analysis of investment attractiveness of the enterprise is proposed to be carried out in stages, revealing its real and potential opportunities and threats at every economic level. Methodology. The analysis of existing domestic and foreign approaches to assessing the investment attractiveness of agricultural enterprises was carried out and the use of an integrated approach in conducting this investigation was argued. The algorithm of forming an integral indicator for assessing the investment attractiveness of an agricultural enterprise is substantiated. Results. The authors have proposed a methodical approach, the peculiarity of which is the construction of a matrix model for assessing the investment attractiveness of agricultural enterprises on the basis of a generalized indicator of quantitative and qualitative criteria for evaluating their production and financial position and investment potential. Methodical research instruments include mathematical methods of statistical data processing and expert evaluation using the weighing coefficient theory. Practical implications. Approbation of the methodological instruments was carried out on the example of agricultural enterprises of the Dnipropetrovsk region, as a result of which the most acceptable forms of attracting investment capital were proposed. Those companies can expect investments that have high investment attractiveness, which is 10.5% of the investigated producers. Enterprises of the first group are the most preferred for all types of investors: the largest land and labour potential, high results of economic activity. Agricultural enterprises of the second group have significant resource potential and provide 48.6% of gross output; they can be attributed to “strong middle peasants.” Agricultural enterprises with low investment attractiveness can also count on investment funds. We believe that the most acceptable form of their attraction is the creation basis of unprofitable farms of enterprises with the participation of domestic and foreign capital.
14
ZHILINA, N. N., M. R. SHAMSUTDINOVA, and V. G. IGNAT'EV. "SYSTEMATIZATION OF APPROACHES TO THE CONCEPT OF «ECONOMIC POTENTIAL OF AN ORGANIZATION» (part 2)." EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA 1, no. 3 (2020): 49–54. http://dx.doi.org/10.36871/ek.up.p.r.2020.03.01.007.
Full textAbstract:
Modern realities actualize the issues of qualitative improvement of the methodology for assessing the economic potential and its individual elements, as well as the analysis of the influence of factors of various orders that have a direct and indirect impact on its value. The variety of methods and approaches to assessing economic potential does not fully disclose the list of previously voiced problems.it requires systematization and clarification of the conceptual apparatus of economic potential. The study of theoretical and methodological aspects of economic potential management justifies the development of targeted approaches that take into account the industry affiliation, features of financial and economic activities of the enterprise.
15
KREMEN, Viktoriia, Olha KREMEN, and Oksana AKULININA. "Investment attractiveness of the enterprise: the essence and features of assessment." Economics. Finances. Law, no. 12 (December 5, 2019): 29–34. http://dx.doi.org/10.37634/efp.2019.12.7.
Full textAbstract:
The article is devoted to the study of the nature, approaches to classification and fundamental factors of the investment attracti-veness of the enterprise. A prerequisite for ensuring a sustainable and competitive development of enterprises is the access to invest-ment resources and the ability to attract them, taking into account the investment attractiveness of enterprises. The purpose of the paper is to determine the essence of the investment attractiveness of the enterprise and its features from the standpoint of assessing the investment attractiveness of the enterprise in the current economic conditions in Ukraine. It is grounded that investment attractiveness is a complex concept because it reflects the opinion of a certain group of investors regarding the risk ratio, profitability ratio and value of financial resources of the enterprise, as well as represents a set of certain objective features, properties, means and capabilities of the economic system that determines the potential payment demand for investment. The main classification features of the investment attractiveness of an enterprise are the following: the position of the valuation entities, the type of investor, time horizon, the approach to the valuation and the purpose of the valuation. An important condition for the existence of the enterprise is the ability to determine a number of qualitative characteristics of the influence of the internal and external environment on the overall level of financial condition of enterprises and the efficiency of use of enterprise resources. Analysis of existing methodological approaches to the analysis of the assessment of the investment attractiveness of the enterprise indicates the feasibility of applying the methodology of integrated assessment of investment attractiveness of enterprises, taking into account the type of activity, the main risks of a particular industry, cost structure and features of formation of profit of the enterprise.
16
Nurmukhametov, N. N., А. B. Amerkhanova, K. T. Auezova, Z. S. Mukhambetova, and G. K. Zambinova. "Evaluation of the Efficiency of the Management Organization at Industrial Enterprises." Economics: the strategy and practice 17, no. 1 (April 5, 2022): 212–25. http://dx.doi.org/10.51176/1997-9967-2022-1-212-225.
Full textAbstract:
The purpose is to analyze the organizational management of large business entities; the results of improving the corporate quality of the work of structural divisions on the practical management principles. Based on the scientific literature review there were used methods of sampling, observation, systemic and economic analysis, and questionnaires to identify «gaps» in the management system. The scientific, methodological, and information base were the work of foreign and domestic scientists and economists in studying problems of the practical organization of management in the activities of industrial enterprises, which should be characterized with the sufficient level of innovative mechanisms implementation strategic management. The financial and economic activities of the enterprise were analyzed, based on a system analysis, an assessment of the internal environment and the PEST method was carried out, and an evaluation of the external environment was given, which allowed the authors to develop practical measures for the effective organization of project management. The key indicators are based on the estimated indicators to ensure the organization’s leadership in the production and industrial enterprise’s economic potential. The calculation of four integral indicators that contribute to vertical and horizontal interaction development is necessary for effective enterprise management. This methodology for assessing the management organization effectiveness in industrial enterprises helps small, large businesses to use rational mechanisms for effective management and develop targeted strategies for the enterprise’s development in the long term.
17
Havran, V., and R. Kalmuk. "ECONOMIC SUSTAINABILITY AS A PREREQUISITE FOR ENSURING THE INNOVATIVE DEVELOPMENT OF THE ENTERPRISE." Journal of Lviv Polytechnic National University. Series of Economics and Management Issues 5, no. 2 (November 1, 2021): 1–10. http://dx.doi.org/10.23939/semi2021.02.001.
Full textAbstract:
Purpose. The activities of enterprises and the prospects of reaching the planned performance indicators have greatly been complicated due to the significant real and potential threats to economic stability, and the outflow of investment in combination with the COVID-19 virus pandemic. Particularly relevant in the current situation, there is a problem of developing and applying in the practice of domestic enterprises such management approaches that would ensure sustainable and most efficient operation of economic entities in the current period, as well as form the potential for their innovative development in the future. It should be noted that the essence of indicators and criteria which reveal the economic stability of the enterprise to some extent are relative, that is caused by peculiarities of the enterprise, pace of development, a stage of the life cycle, and peculiarities of the strategy. Design/methodology/approach. Methods of induction, deduction, and theoretical generalization were used to elucidate the essence of economic stability from the viewpoints of different authors. The authors have used observation, description, formalization, systematization and explanation methods to analyze the problems of choosing methodology of calculating the main indicators of enterprise stability. Findings. Understanding the nature of economic stability and its provision in a changing environment requires the formation of an appropriate management system of economic stability, which should integrate different subsystems, such as financial, production, marketing, human resources, information, etc. In a broad sense, economic stability reflects the level of the enterprise development, the efficiency of the management system, internal organizational integration of its subsystems, adaptability to environmental changes, and others. Originality/value. Prerequisites for improving the systematic framework for assessing the degree of economic stability of enterprises are considered. Possibilities of adapting methodical tools for assessing the economic stability of enterprises to modern conditions of the business entity functioning are offered. Peculiarities of ensuring the adaptability of the methodological approach to assessing the economic stability of enterprises have been studied. The authors have substantiated the efficiency of using the proposed list of indicators of the level of economic stability and formulated procedural approaches to the assessment process. Approaches to improving the economic sustainability of the object of study are suggested and analyzed. The authors have also been carried out a factor analytical research of the impact of projected changes on the systemic indicators of sustainability of the business entity, taking into account the trends of innovative development of the domestic socio-economic environment. Practical implications. The proposed approach to assessing the economic stability of the enterprise provides greater objectivity of the results in a transformational environment of the entity. The substantiated procedure of realization of the assessment methodical approach, in the context of which economic stability components have been defined, allows making well-timed and effective decisions.
18
Motta, Gustavo da Silva, Rogério Hermida Quintella, and Pauli Adriano de Almada Garcia. "Patento-scientometric indicators for the selection of projects by investment funds." VINE 45, no. 3 (August 10, 2015): 446–67. http://dx.doi.org/10.1108/vine-10-2014-0056.
Full textAbstract:
Purpose – This paper aims to assess a method that applies scientometric and patentometric indicators in the selection process of projects by seed capital funds. There is increasing interest in technology-based enterprises, for their capacity to contribute to economic and social development. Nevertheless, in practice, there is some difficulty in assessing non-financial criteria associated with technology for the purposes of choosing investment opportunities. Design/methodology/approach – The literature has presented various methods to instrumentalize the process of evaluation and selection of investment projects. This study focuses on an enterprise that received an investment by the largest seed capital fund in Brazil, to assess to what extent scientific and technological indicators can contribute to understanding the market potential of the firm’s technology. Findings – The results show that the use of scientometric and patentometric indicators favors the process of judging non-financial criteria, in particular those related to technology, market, divestment and team. Originality/value – The originality of this paper is in the evaluation of a patento-scientometric approach for the selection process of projects by seed capital funds.
19
TSUKERMAN, Vyacheslav A., and Elena S. GORYACHEVSKAYA. "Assessment of Financial Opportunities for Implementation of Innovation Potential by Mining Enterprises of Non-Ferrous Metallurgy of the North and the Arctic." Arctic and North, no. 43 (June 24, 2021): 77–88. http://dx.doi.org/10.37482/issn2221-2698.2021.43.77.
Full textAbstract:
The analysis of methods for assessing the financial opportunities for increasing the economic efficiency of industrial enterprises using absolute and relative indicators and coefficients was carried out. A mechanism for determining financial possibilities for realizing innovative potential of northern mining enterprises of non-ferrous metallurgy, based on the method of assessing the three-component coefficient, which allows choosing the most rational strategy of scientific and technological development, taking into account financial resources and features of production functioning in the northern regions of the Russian Federation, was developed. It is shown that the proposed methodology can be used with limited infor-mation in the accounting statements provided in public access. On the basis of objective indicators, the research of innovation activity of twenty industrial enterprises of non-ferrous metallurgy directly operating in the North and the Arctic and included as subsidiaries and branches of seven largest corporations — PJSC MMC “Norilsk Nickel”, JSC “Mine Karalveem”, PJSC “Acron”, JSC “Mining company “Berelekh”, PJSC “Seligdar”, OJSC “Susumanzoloto”, JSC “Polymetal” for the period 2013–2019 was carried out. Studies showed the dependence of the innovation activity of northern enterprises of non-ferrous metallurgy on the level of financial security revealed by the method of assessing the three-component coefficient. Scientifically substantiated possibility of developing and implementing a strategy of innovation development of enterprises for the medium and long term periods based on the level of financial security is shown. Enterprises with high financial security or in special cases (with additional investments with normal financial security) are able to generate innovation technologies. As the analysis has shown, the majority of northern enterprises have low financial security, which does not allow them to count on effective innovative development without attracting a significant amount of targeted investments.
20
Ivanova, М., V. Smiesova, A. Tkachenko, M. Boichenko, and T. Arkhypenko. "EFFICIENCY OF THE LOGISTICS CHAIN AS A FACTOR OF ECONOMIC SECURITY OF ENTERPRISES." Financial and credit activity: problems of theory and practice 2, no. 37 (April 30, 2021): 151–60. http://dx.doi.org/10.18371/fcaptp.v2i37.229950.
Full textAbstract:
Abstract. The basis of economic and financial security of the enterprise is effective financial and economic activity, stable financial condition, rational use of financial resources, the ability to counter threats to the internal and external environment. One of the factors of effective financial and economic activity and economic security of enterprises is the formation of effective logistics chains that provide its participants with opportunities to counter threats to the internal and external environment. Formation of effective logistics chains on the basis of taking into account the economic interests of its participants causes changes in the results of their financial and economic activities and creates the basis for their financial independence, socio-economic efficiency and stability. The purpose of the article is to form approaches to assessing the efficiency of the logistics chain on the basis of economic and financial security of enterprises. The article investigates scientific approaches to evaluating the efficiency of the logistics chain of enterprises, identifies their strengths and weaknesses, analyzes their methodology. An approach to evaluating the efficiency of the logistics chain of industrial enterprises, the use of which will reconcile the economic interests of the participants in the logistics chain, reduce their financial costs, ensure effective economic activity, form the basis for their financial and economic security. The scientific novelty of the article is the formation of a modern approach to evaluating the efficiency of the logistics chain, which, in contrast to existing ones, involves the use of an indicator of the efficiency of logistics activities of enterprises, the proposed indicator is the stationarity of ratio of operating results to logistics costs relative to the mean or deterministic trend over time, and identification of potential models of logistics efficiency of enterprises, which would ensure economic and financial security of enterprises. It is proved that efficiency of the logistics chain is achieved under the condition that the financial result from the operating activities of the enterprises united by the logistics chain in relation to their costs for logistics activities will not change for a long time or will naturally change with a reliable forecast and possibility economic forecasting of further cooperation. The expediency of using this approach was confirmed on the basis of the analysis of the efficiency of logistics chains of selected enterprises. The initial data for the construction of this model were the logistics costs as a component of the company’s operating expenses and the financial result from operating activities. The deficiencies in the use of existing accounting standards and regulations that govern the integrated assessment of the enterprise’s logistics costs have been established. It is proposed to use the Davis databases, which are formed on the basis of a web-survey of enterprises regarding the value of their logistic costs. It is noted that the actual stability of the logistics chains for each enterprise and the optimal ratio of their results to costs are determined by the current market conditions. An idea of the efficiency of connections in the logistics chain is formulated. It was concluded that the existence of a long-term stable equilibrium in the form of vector co-integration for all subjects of the logistics chain can be considered optimal. Prospects for further research are the development of a scientific approach to the formation of a logistics cluster as a basis for financial and economic security of enterprises. Keywords: economic security, financial security, financial costs, financial results, efficiency, the logistics chain, logistics activities. JEL Classіfіcatіon С22, D22, D61, O30 Formulas: 5; fig.: 2; tabl.: 2; bibl.: 15.
21
Senin, Petr V., Pavel A. Ionov, Sergey V. P’yanzov, Aleksandr M. Zemskov, and Aleksey V. Stolyarov. "Project and financial analysis of investment potential of hydraulic test stand for repair companies and service centers." Tekhnicheskiy servis mashin, no. 2 (June 10, 2020): 48–57. http://dx.doi.org/10.22314/2618-8287-2020-58-2-48-57.
Full textAbstract:
Currently, stationary domestic and foreign test stands are used for assessing the technical condition of bulk hydraulic drives in the repair enterprises and service centers. However, the used domestic stands have disadvantages associated with low accuracy and reliability of the results obtained, limited ranges of diagnostic parameters, and the inability to implement the methods of manufacturers. (Research purpose) The research purpose is in evaluating the investment attractiveness of the hydrostand for repair companies and service centers of hydroelectric unit manufacturers and make a conclusion about its competitiveness. (Materials and methods) Authors have developed a hydrostand for monitoring and evaluating the technical condition, adjustment and post-repair running-in of hydraulic units of a volumetric hydraulic drive. The article presents the estimated cost of its production. The article presents the methodology for calculation of economic efficiency of developed and implemented hydroscand. (Results and discussion) The article shows the feasibility of development by conducting a design and financial analysis of investment attractiveness in relation to the currently operating small innovative enterprise LLC "Agroservice", Saransk. The project was the implementation of designed hydroscand at site for repair of volumetric hydraulic actuators. The cost of manufacturing a new hydrostand was determined in the course of research and is of 1557910 rubles, which is 10.4 percent of the cost of foreign and 44.5 percent of the cost of domestic analogues with higher technical capabilities. (Conclusions) The analysis showed that hydrostand has a relatively low payback period, a high value of the return index and internal rate of return, and a lower cost. These indicators increase its competitiveness and attractiveness among potential consumers.
22
KRAMARENKO, Iryna, and Liliia KOZACHENKO. "METHODOLOGY FOR ASSESSING THE BORROWER’S CREDITWORTHINESS: PRACTICAL ASPECT." Economy of Ukraine 2018, no. 5 (May 10, 2018): 49–60. http://dx.doi.org/10.15407/economyukr.2018.05.049.
Full textAbstract:
Today, the banking system does not fulfill its main task, since it does not finance or lend to the real sector of the economy, and a quarter of the loans provided are written off and unpaid. The current situation in Ukraine necessitates studying the ways and means to improve the assessment of the borrower’s creditworthiness as the main direction for stabilizing and improving the efficient lending activity of com-mercial bank. The purpose of the study is: (i) to access the current state of bank lending to business; (ii) to access the borrower’s creditworthiness and its influence on the amount of overdue loans; (iii) to determine provision for impairment of loans; (iv) to provide practical recommendations for improving the borrower’s creditworthiness on the example of JSC Raiffeisen Bank Aval. The annual amount of loans granted by the banking system to enterprises in-creases, while the indebtedness of the customers also grows. Thus, the share of overdue loans in August 2017 amounted to 22.65% of the total loans granted in Ukraine. The JSC Raiffeisen Bank Aval is among the leaders in providing loans. During the period under study, interest income of the bank decreased significantly, this indicates a low profitability of credit operations. When analyzing the provisions for impairment, it was revealed that more than 28% of loans are written-off, and this is primarily due to a wrong assessment of the borrower’s solvency. When assessing the financial condition of the borrower, according to the meth-odology of JSC Raiffeisen Bank Aval, it is determined that performance indicators of the potential payer of loans are not taken into account. Also, the methodology has no rating or scoring of accounting ratios used in the analysis of solvency of the bor-rower. The rationale is to use, when assessing the solvency of the borrower of JSC Raiffeisen Bank Aval, the Decree “About the statement of Regulations about deter-mination of Ukrainian banks credit exposure in active banking operations”, which came into force on January 3, 2017.
23
Shcherbak, Valeriia G. "FORMATION AND IMPLEMENTATION OF THE CLUSTER APPROACH IN THE MANAGEMENT OF COMPETITIVENESS OF ENTERPRISES OF TEXTILE INDUSTRY." Management 26, no. 2 (April 24, 2018): 95–109. http://dx.doi.org/10.30857/2415-3206.2017.2.8.
Full textAbstract:
Introduction and aim of the research: Networking as the establishment of long formal and informal relations between the subjects of the cluster, united in the technological chain by vertical and horizontal links, based on trust and common to the cluster, differs from the relations of production cooperation. Collaborative programs with the subjects of the cluster (educational, research, marketing, cross-border cooperation, exports, technological) increase the efficiency and competitiveness of the actors by combining ideas, material, technical, labor and financial resources, joint management and solving common problems. Public-private partnership is an institutional and organizational alliance between state, regional government and business, based on joint financing of projects. The interaction of these two forms of network cooperation determines the features of economic clustering and updates the research topic.Research hypothesis. It is assumed that the use of the cluster approach to managing the competitiveness of light industry enterprises will allow to determine the sequence and methods of forming clusters in the economy.The aim of this research. This study substantiates the mechanisms of self-organization and increasing the competitiveness of clusters on the basis of network cooperation and public-private partnership.Methodology: for the method of identification and structuring of clusters, the criterion for determining the "key product", the questionnaire for the identification of cluster links, and the coefficient of bond strength were used. For the methodology of assessing the quality of network cooperation, histograms of the types of enterprises were used in the breadth of partner networks. For the methodology for assessing the competitiveness of the cluster, the index method of comparing indicators and the method for calculating the integrated estimate (average geometric) was used, which made it possible to identify the most competitive potential clustersResults: The model of formation of competitiveness of subjects of a cluster is developed. The objective sources of competitive advantages (localization and agglomeration) that create the conditions for the formation of potential clusters created through the state policy of stimulating cluster organization (network cooperation and public-private partnership) are identified. The formation of real clusters provides their subjects with strategic competitive advantages. This represents scientific novelty in the theory of clusters and determines the directions of their formation.Conclusions: The proposed approach to assessing the economic results of the organization and development of clusters based on the forecast of economic effect indicators (enterprise competitiveness) and the efficiency of clustering (profitability of total assets) using economic and mathematical models, approbation of which showed that the cluster approach to enterprise competitiveness management is effective. The study based on the developed set of methods allowed to conclude that in the light industry of Ukraine there are prerequisites for organizing clusters, there are potential clusters that are not yet real.
24
PETRYSHYN, Nataliia, Yuliia CHYRKOVA, and Mariana BORTNIKOVA. "Features of the SPACE method using for the optimal choice making of strategy development of foreign economic activity." Economics. Finances. Law, no. 11/2 (November 27, 2020): 11–16. http://dx.doi.org/10.37634/efp.2020.11(2).4.
Full textAbstract:
Introduction. Activation of international business requires the formation of a strategy for the development of foreign economic activity, because its implementation allows to increase competitiveness and flexibility under conditions of the business environment changes. Nowadays, the problems of developing the foreign economic strategy of the enterprise become especially relevant, because the modern conditions of commercial activity require fundamentally new standards, management methods and stages of international business organizing. The purpose of the paper is to study the peculiarities of the application of the method of strategic analysis SPACE for the implementation of the optimal choice of development strategy of domestic enterprises on the example of Electroprylad SPE LLC. Results. The SPACE method is to develop an assessment of the strategic position and strategic actions of the enterprise. This is a comprehensive method of strategic analysis, which allows you to identify and characterize the competitive position in the market in order to select the best strategy for the enterprise to act at the market. The introduction of the SPACE method for the implementation of the optimal choice of development strategy of Electroprylad SPE LLC provides for the implementation of successive stages: analysis of financial strength; determination of competitive positions in foreign markets; assessing the attractiveness of potential foreign markets; assessment of prospects for potential stability in foreign markets; selection of the optimal strategy for the development of foreign economic activity of the enterprise based on the results of the SPACE method. The SPACE method allowed to form a group of priority characteristics and parameters of Electroprylad SPE LLC activity, which were previously identified from all existing variety, allowed to organize them and determine the complex impact on the management decision-making process by validity, as well as to choose the best foreign economic development strategy. Conclusion. Implementation of the SPACE method for selecting the strategy of foreign economic activity development of Electroprylad SPE LLC is connected with the mandatory involvement leading specialists in the strategic analysis in order to perform the necessary tasks related to the methodology of strategic analysis. The set of criteria is determined taking into account the internal priorities of work and external strategic goals of foreign economic activity. The parameters of the production and financial strength of Electroprylad SPE LLC must be fully taken into account.
25
Poloskov, Stanislav, Alexander Zheltenkov, Irina Braga, and Irina Kuznetsova. "Adaptation of high-tech knowledge-intensive enterprises to the challenges of industry 4.0." E3S Web of Conferences 210 (2020): 13026. http://dx.doi.org/10.1051/e3sconf/202021013026.
Full textAbstract:
In order to succeed in a competitive environment, enterprises and organizations must quickly respond to external influences, such as digitalization, expansion of information exchange, and challenges caused by Industry 4.0. High-tech knowledge-intensive enterprises that develop and commercialize their original innovative products and technologies as well as provide intellectual services in the field of high technologies are the first to respond to such challenges. A number of works on how the digitalization in economy impacts organizational and managerial activities of enterprises, their R&D, and creation, production and commercialization of innovative products are analyzed. As the results of the study, a number of properties and patterns that determine the successful adaptation of innovative enterprises to the challenges of Industry 4.0 wereidentified. Among them there are material resources, including technology and equipment, scientific and technological achievements, financial, personnel and information support and adaptive organizational and economic capabilities. It is shown that in order to adapt to the challenges of Industry 4.0, enterprises must match capabilities of the digital economy with their material, intellectual and production resources using innovative potential as a measurement tool. It is determined that the procedures for assessing the innovative potential of enterprises can become an effective tool for assessing both quantitative/qualitative indicators of enterprises and degree of their adaptation to the challenges of Industry 4.0. The proposed methodology for a comprehensive assessment of industrial enterprises’ innovative potential as the degree of their adaptation to the challenges of Industry 4.0 was implemented at the high-tech knowledge-intensive enterprises “Shtorm” and “Tekhnotron”. Both of them are well known for their innovative developments in the field of welding production. It was demonstrated that the proposed methodology allows not just assessing the degree of adaptation to the digital economy and the challenges of Industry 4.0, but also assessing the impact of planned activities on innovations and determine methods and means of responding to the changes in external and internal environment of enterprises.
26
FISHCHUK, Natalia. "THE NECESSITY FOR DIAGNOSTICS USING IN THE SYSTEM OF ANTICRISIS MANAGEMENT OF AGRICULTURAL INDUSTRY ENTERPRISES." "EСONOMY. FINANСES. MANAGEMENT: Topical issues of science and practical activity", no. 1 (41) (January 2019): 7–22. http://dx.doi.org/10.37128/2411-4413-2019-1-1.
Full textAbstract:
The global financial and economic crisis, which began in 2007, is difficult to overcome as it has numerous negative consequences. Ukraine, like the entire post-Soviet space, is burdened with problems of the transformation period, is experiencing difficult times. In recent years, the economic system in the country didn’t get signs of stable development. The crisis, as it is known, is able to break the balance in any sector of the country's economy and in a separate enterprise. The global financial and economic crisis, political instability, imperfection of legislation and insufficient level of state regulatory policy make a significant impact on the activity of domestic enterprises. In order to prevent the negative impact of risk factors on both the external and internal environment, it is necessary to review and improve special tools and approaches of crisis management that are used in the practice of economic activity. Taking into account these and other factors, the article considers the question of the essence and the objective necessity of using of crisis management approaches in the current conditions of agrarian sector enterprises activity. The necessity of forming of crisis management system, conducting of anti-crisis monitoring of the state of enterprises and diagnostics, as its specific function, determining of acceptability of various diagnostic models, need in developing of anti-crisis approaches and strategies for the development of agricultural enterprises have led to the relevance of the chosen topic. Despite the fact that a huge amount of theoretical and applied material has been developed in the world, the theme of crises, crisis management and diagnostics, as its providing component, remains in the sight of foreign and domestic scientists. This problem was particularly acute in agrarian enterprises of Ukraine, due to certain objective reasons. First of all, this is due to the lack of generalized methodological approaches, recommendations and criteria sufficiently adapted to the specific conditions of the domestic agrarian economy and good accounting and reporting system. The purpose of the article is to substantiate the necessity of carrying out diagnostics as the basic function of crisis management; approbation of the use of the most common foreign and domestic methods of diagnosing the crisis, assessing the possibility of their use in the conditions of agricultural enterprises. Ukraine has a strong agro-industrial potential and significant prospects for its future development. This is an essential component of the financial and food safety of the country, which guarantees the further economic development of the country as a whole. The results of agricultural enterprises activity do not correspond with the resource potential and opportunities of the industry. The current crisis, remaining difficult and tense, is a reflection of the accumulated internal economic and political problems reinforced by the effects of the global financial crisis. Opposition to crisis phenomenons and the revival of the normal course of business activity of entrepreneurs need to improve the practice of crisis management of enterprises, increased attention to issues of diagnosis of the level and causes of the crisis, the development of sufficiently adapted methods for its implementation. Diagnostics, being the category of crisis management, aims in-time recognition of the signs and nature of the crisis, the localization of its undesirable effects, is a meaning of obtaining reliable, high-quality information about the actual state and capabilities of the enterprise in the initial stage of the crisis, the basis for the introduction of special methods and mechanisms of crisis management. Bankruptcy diagnostics is a system of targeted financial analysis in order to find and identify the parameters of crisis development that can disbalance the system, reduce its risk-taking and pose a threat of the bankruptcy in the future. Individual features of agricultural enterprises, their condition, reasons and depth of crisis signs require different methods of getting out of a crisis state. There are no universal methods for dealing with the crisis. Therefore, each enterprise must independently develop its plan of anti-crisis actions that will ensure its survival. World experience and practice of crisis management at the enterprise level today offer a number of techniques for conducting bankruptcy diagnostics, both quantitative and qualitative; express and deep analysis of crisis signs. The most well-known and used multifactorial models for the diagnosis of the crisis situation and the prediction of bankruptcy, developed by foreign authors are: the models based on the Z-coefficients of Altman, Springate, Biver, Liss, the predicted models of Taffler and Tisshaw, the Fulmer model, Beerman model, the model of rating numbers of Sayfulin and Kadykov, the score method of Argenti and others. Despite the fact that these models are quite actively used in Ukraine, it is obvious that they are weak in their adaptation to national realities, peculiarities of management, the specifics of domestic practice, and sectoral operating conditions. This explains the possibility of obtaining wrong, biased conclusions, significant errors in evaluating and forecasts. Native theory and practice of crisis management also offer a number of methods for assessing the probability of bankruptcy. Among the most well-known are methods of Yershova N., Matviychuk A., Tereshchenko O., methodology for solvency assessment of Ligonenko L. and Kovalchuk G., Hayvoronskaya Y., and others. They are more adapted to domestic realities and reduce imperfections of foreign models. At the same time, due to individual characteristics and factors of each enterprise, there is no universal model of bankruptcy forecasting. The publication deals with the most common models for predicting of the crisis situation of enterprises, their special features of using and disadvantages. The possibility of using of some foreign and domestic models in the diagnosis of the crisis state of enterprises in order to prevent bankruptcy is explored. Checking of the possibility of using of different models and the objectivity of the obtained results is made on the basis of analytical data of one of the structural subdivisions of the Ukrainian Scientific and Educational Consortsium, the State Enterprise "Experimental Farm "Salyvonkivske" of the Institute of Bioenergetic Cultures and Sugar Beet of the National Academy of Agrarian Sciences of Ukraine. Calculations were carried out according to the models of Altman, Springate, Liss, Biver, which basically operate on indicators of operational, investment and financial activity of the enterprise, and considered with their different level of relaions and mutual influence. Among the national models the methodology of O.Tereschenko and the six-factor model approved by the Ministry of Economy of Ukraine have been used. The obtained results of calculations and their comparison with the limit values demostrate full capacity of the state enterprise "DG" Salyvonkivske" to continue its activity, show condition of financial well-being and the absence of bankruptcy risks. There were no discrepancies in the obtained results. Foreign models are suitable for using in Ukrainian conditions with certain conditions, as evidenced by numerous publications. All of them have their advantages and disadvantages, which are manifested in varying degrees, depending on the features and specifics of the object of analysis, its financial and economic state. It is recommended when using foreign models of diagnostics, to choose such approaches that would enable to obtain a more reliable and accurate assessment of the financial and economic condition, relying on the results of one model analysis is not worthwhile. Careful selection and integrated using of several models at the same time, including specially designed and recommended for domestic enterprises, will significantly increase the reliability and ensure maximum accuracy of forecasts. Conducting of anti-crisis monitoring will enable to detect unwanted deviations in a timely manner and prevent problems, ensuring a stable financial position, which is the main objective of crisis management.
27
Linkova, Helen Yu. "Intangible assets and integrated management systems." Economies' Horizons, no. 4(11) (November 2, 2019): 37–48. http://dx.doi.org/10.31499/2616-5236.4(11).2019.206059.
Full textAbstract:
The purpose of the research. It is established that in order to enter new markets and increase the competitiveness of goods in the international market in the conditions of information economy and distribution of intangible assets for domestic enterprises, the role of integrated management systems is increasing. The purpose of the study is to analyze the challenges for Ukrainian enterprises in the times of European integration, which requires solving the problems related to the definition of an algorithm for the implementation of international quality standards and mechanisms for assessing the productivity of their use. Methodology. In this work a retrospective analysis of quality management systems at the enterprise is carried out, the results of which revealed the evolutionary components of the quality requirements and the structures of its implementation at the enterprise: input control of raw materials; production processes; international standards; environmental and social management; security of activity and information. Results. The basic world tendencies of economic development are revealed: increasing of global competition, growth of the sphere of services, acceleration of scientific and technological progress, internationalization of financial markets. Characteristics of the modern economy of Ukraine: resource structure of exports; a small component of intangible assets; static attitude to quality. The classification of intangible assets of the enterprise by assets and competencies as a basis for accelerating the process of obtaining the effect of economic activity. Thus, for the implementation of the strategy of entering the European markets, domestic enterprises need to activate the management of the formation of potential capabilities of the enterprise through the development of staff competencies for quality, management systems and negotiation activities to attract additional investments, as well as the adoption of quality standards. Based on the study of the evolution of quality management concepts at the enterprise, the process of integration of management systems is proposed. Integrated management tools (affinity, relationships, lead times): maximize the synergistic effect of integration. Practical meaning. It is established that the spread of integrated management systems will allow: consumers – to get the product with the maximum combination of price and quality; to business owners – to form a systematic attitude of staff to quality, to partners – to reduce the risks of implementation of agreements; to society – to obtain additional sources of funding by increasing export revenues from processing industries and improving environmental and safety performance. Prospects for further research. The direction for further research on the introduction of integrated management systems is proposed – the search for economic-mathematical models that optimally combine internal tangible assets and intangible assets that fall outside the competence of an individual enterprise.
28
Calandro, Joseph. "A leader’s guide to strategic risk management." Strategy & Leadership 43, no. 1 (January 19, 2015): 26–35. http://dx.doi.org/10.1108/sl-11-2014-0082.
Full textAbstract:
Purpose – Many firms did not have mechanisms in place prior to 2007 to identify and track the weak signals of an impending financial crisis, and as a result they were not prepared for the stresses and opportunities the crisis generated. The author aims to offer a guide to identifying these weak signals and a system for mitigating the risk of being hurt by another such crisis. Design/methodology/approach – This is a guide to strategic risk management (SRM), which defines a process of identifying, assessing and economically managing potentially enterprise-threatening losses. It is a way to mitigate developing ambiguous threats before they manifest themselves and then spiral out of control. Findings – Corporate leaders can follow the example of savvy investors who use risk management insights to mitigate the effects of a potential crisis and to profit from one if it develops. Practical implications – Market pressures can cause firms to loosen product or investment standards incrementally, which over time can radically change a business model’s risk profile without anyone acting to mitigate it. Originality/value – This guide to Strategic Risk Management provides insight into how corporate leaders can identify the “weak signals” of a financial crisis well before the actual crisis develops and also describes how they can mitigate financial risk in their portfolios and make opportunistic investments and adopt hedging strategies at very favorable price levels.
29
Gyamfi, Nana Kwame, Richard Dayie, and Eric Kofi Asiedu. "Challenges to Scaling up Mhealth in Ghana. A Framework for Assessing the Health System." Webology 19, no. 1 (January 20, 2022): 458–79. http://dx.doi.org/10.14704/web/v19i1/web19033.
Full textAbstract:
The promise for improving healthcare services has been confirmed by mobile device technology, but the decision-making process to acquire and use mHealth technologies on a scale is not directed. We apply a methodology to assess the potential and difficulties of efficient deployment of the mHealth at a scale in healthcare systems using the instance of Community Base Health Services (CBS) in Ghana. The advantage and difficulties of mHealth in community-based services in Ghana were examined in comprehensive research via a blend of key informant interviews, document reviews, and local project visits. The lessons gained from Ghana's local experience and elsewhere were based on a framework adjusted from 3 approaches to sustainable information and Communication Technology (ICT) evaluation. Four major characteristics of the system have been identified and evaluated: government stewardship and organizational, technical, and financial system. The prospects for successfully implementing mHealth in Ghana include the high penetration of mobile devices and a favorable e-health policy framework. Again, given a health system with a weal ICT setting and limited implementing ability, it is doubtful if the potential benefits of mHealth would benefit CBS through direct broad-scale adoption. The application of a healthcare system framework facilitates a systematic assessment of possible barriers to CBS growth in Ghana and is helpful for decision-making policy and practice for other small and medium enterprises.
30
Kosobutskaya, Anna U., Mikhail A. Surzhin, and Annie V. Ravohanginirina. "Assessment of the investment attractiveness of companies based on classification trees." Vestnik Voronezhskogo gosudarstvennogo universiteta. Ser.: Ekonomika i upravlenie = Proceedings of Voronezh State University. Series: Economics and Management, no. 3 (September 30, 2021): 43–60. http://dx.doi.org/10.17308/econ.2021.3/3601.
Full textAbstract:
Introduction. The effectiveness of investment decisions depends directly on the accuracy of the assessment of the investment attractiveness of an organisation performed by the investor. One of the ways to assess the investment attractiveness of a company is by using the indicators of enterprise value (EV). However, they do not guarantee accuracy when assessing the investment attractiveness of specific companies. As a result, such companies can be either overvalued or undervalued. This happens because EV does not take into account the specifics of the industry, the specifics of the smaller segments within the industry, and the specifics of economic activities in a particular region. Purpose. To determine the EV indicators which can be used for the accurate assessment of the investment attractiveness of companies operating in a particular industry. Methodology. In our study, we used a Classification and Regression Trees (CART) machine learning method. Results. The article presents the results of a comparative analysis of EV indicators used to assess the investment attractiveness of companies that can be found in scientific literature and bank references. We suggest that the EV indicators used to assess the investment attractiveness of companies should be calculated based on the analysis of the industry’s statistics using the CART algorithm. EV indicators should be determined by maximising the reduction of heteroscedasticity with regard to the investment potential. To test the suggested method, we used it to calculate the required current liquidity ratio, quick liquidity, the leverage ratio, and the long-term debt financing for pig farming enterprises in the Voronezh, Belgorod, Kursk, Lipetsk, and Tambov Regions. Conclusions. The study demonstrated that the classification trees method is the most accurate in calculating the EV indicators for assessing the investment attractiveness of companies operating in a particular industry. The suggested method proved to be the most accurate in predicting all the financial coefficients for pig farming enterprises. Thus, the leverage ratio (0.35) and the concentration of borrowed capital (0.65) proved that pig farming enterprises in the Voronezh Region should be financed by borrowed capital. The long-term debt financing ratio was 0.49. The assessment of the short-term investment potential of pig farming enterprises should be more precise, since the current liquidity and quick liquidity ratios are high: 2.73 and 1.44 respectively.
31
Melnychuk, Oleksandr. "Methodical approaches to the assessment of financial risks of the agricultural sector." Ekonomika APK 323, no. 9 (September 28, 2021): 102–12. http://dx.doi.org/10.32317/2221-1055.202109102.
Full textAbstract:
The purpose of the article is to substantiate the methodological tools for identifying and assessing financial risks for the management of such on the example of the agricultural sector. Research methods. The methods used: the monographic method for reviewing scientific publications of researchers and analysis of regulatory framework for risk identification and assessment, systematic and comparative analysis for the formation of methodological approaches to financial risk assessment, empirical method and synthesis for analysis of food security indicators, indicators of state regulation of financial risks, graphical method to reflect the dynamics of individual studied indicators, abstract and logical for theoretical generalizations and conclusions. Research results. Methodical approaches to financial risk assessment are analyzed. The components of financial risk assessment methods, as a system of principles, practices and techniques of scientific research of risk identification and measurement, theoretical principles of using these tools in the study of security aspects of the national economy are specified. It is determined that financial risk applies to almost all areas of activity. It is a kind of assessment of decision-making in conditions of uncertainty in the field of financing, investment, asset management, and resource potential at different levels of government. For the macro level of financial risk assessment, the dynamics of the food security index as the main criterion of the consequences of financial security of the industry is analyzed; the state of the shadow economy as a determining factor in systemic financial risks; the level of budget support as a factor in the effectiveness of public finance policy and financial risk management. For the micro level, the classification of methods of financial risk assessment based on the ways of the financial condition of enterprises is clarified, and the relationship between them is argued. Express analysis of financial risks was performed based on financial reporting data according to analytical ratios on the example of PJSC Myronivsky Hliboproduct. Normative methods of determining financial risk following the coefficient analysis and cost-effectiveness analysis and the National Standard of Ukraine "Risk Management. Methods of general risk assessment " to justify the need for a unified system of methodological approaches to financial risk assessment. Scientific novelty. The necessity of forming a unified methodology for assessing the financial risks of the agricultural sector was proved, for which the financial resources of the industry for 2013-2020 were analyzed and it was found that they account for 9.4% of the resources of the economy. Methodological approaches to the assessment of financial risks by involving macro-levels of the agricultural sector in the field of food security have been expanded, as it serves as a guarantor of food security, and there is a need to constantly monitor . It is generalized that the content of the assessment of financial risks of agricultural enterprises is determined in accordance with the purpose and main tasks, which have a gradation at the hierarchy levels. The scheme of a technique of an estimation of financial risks of agrarian branch is constructed. Practical significance. The methodological support of financial risk assessment processes has been improved, which can serve as a basis for the formation of a single Methodology for the analysis of the financial condition and financial risks of agricultural enterprises. The stages of financial risk assessment for the agricultural sector according to the algorithm are proposed: detection - analysis - minimization, which can be useful for agricultural enterprises in carrying out a comprehensive financial analysis. Some conclusions of the study can be used in shaping the financial policy of the agricultural sector. Tabl.: 6. Figs.: 2. Refs.: 25.
32
Syed Nor, Sharifah Heryati, Shafinar Ismail, and Bee Wah Yap. "Personal bankruptcy prediction using decision tree model." Journal of Economics, Finance and Administrative Science 24, no. 47 (April 29, 2019): 157–70. http://dx.doi.org/10.1108/jefas-08-2018-0076.
Full textAbstract:
Purpose Personal bankruptcy is on the rise in Malaysia. The Insolvency Department of Malaysia reported that personal bankruptcy has increased since 2007, and the total accumulated personal bankruptcy cases stood at 131,282 in 2014. This is indeed an alarming issue because the increasing number of personal bankruptcy cases will have a negative impact on the Malaysian economy, as well as on the society. From the aspect of individual’s personal economy, bankruptcy minimizes their chances of securing a job. Apart from that, their account will be frozen, lost control on their assets and properties and not allowed to start any business nor be a part of any company’s management. Bankrupts also will be denied from any loan application, restricted from travelling overseas and cannot act as a guarantor. This paper aims to investigate this problem by developing the personal bankruptcy prediction model using the decision tree technique. Design/methodology/approach In this paper, bankrupt is defined as terminated members who failed to settle their loans. The sample comprised of 24,546 cases with 17 per cent settled cases and 83 per cent terminated cases. The data included a dependent variable, i.e. bankruptcy status (Y = 1(bankrupt), Y = 0 (non-bankrupt)) and 12 predictors. SAS Enterprise Miner 14.1 software was used to develop the decision tree model. Findings Upon completion, this study succeeds to come out with the profiles of bankrupts, reliable personal bankruptcy scoring model and significant variables of personal bankruptcy. Practical implications This decision tree model is possible for patent and income generation. Financial institutions are able to use this model for potential borrowers to predict their tendency toward personal bankruptcy. Social implications Create awareness to society on significant variables of personal bankruptcy so that they can avoid being a bankrupt. Originality/value This decision tree model is able to facilitate and assist financial institutions in evaluating and assessing their potential borrower. It helps to identify potential defaulting borrowers. It also can assist financial institutions in implementing the right strategies to avoid defaulting borrowers.
33
Ovchynnykova, Oleksandra, and Kostiantyn Netudykhata. "SYNERGISTIC APPROACH TO THE CAPITAL ADAPTATION: CAPITAL AS A MULTIFUNCTIONAL DISSIPATION SYSTEM." Three Seas Economic Journal 2, no. 1 (April 26, 2021): 60–64. http://dx.doi.org/10.30525/2661-5150/2021-1-10.
Full textAbstract:
The research subject of the paper is the process of capital adapting. The purpose of the article is to present capital as a multifunction dissipation system, which consists of the number of interconnected subsystems that operates being under the influence of destabilizing socio-economic factors. There is still no explicit definition of economic adaptation, and capital is not regarded as a set of tangible and intangible assets. Taking into account that the current operating environment, at both the macro and micro levels, may be characterized as unsustainable, and each system strives to organize itself to achieve the main objective, it is worth considering the process of adaptation, using a synergistic approach. This requires looking at the concept of capital as a multifunctional system, firstly, identifying which economic categories are made as subsystems of capital and which of them form capital, secondly, assessing potential areas of adaptation, thirdly, and identifying where adaptation can be targeted in the first place, fourthly. Determination of priority goals is the task of rapid financial analysis, using the results of strategic analysis it is possible to determine long-term goals of adaptation. Methodology. The article uses methods of empirical knowledge aimed at structuring approaches to the concepts of capital, their selection and analysis. Based on the empirical research, theoretical studies have been carried out. It was used such methods us analysis and synthesis, deduction, abstraction and generalization. The conceptual framework is based on the theoretical developments in various scientific fields that have studied capital, the enterprise, the economic system as an economic category, the concept of adaptation, synergies in the economy, and methods of strategic and financial analysis. By examining and analysing existing approaches to the listed issues, it has become possible to propose a definition of capital adaptation as a multifunctional dissipation system. As a result of the research, it became clear that for sustainable adaptation, it is advisable to use the tools of strategic management, and for instantaneous adaptation tools to ensure the economic and financial security of the enterprise. In the process of writing this research, it became clear that it was necessary to study issues related to the characteristics of subsystems, their assessment and analysis in order to make the adaptation process more multifaceted and effective.
34
Al-Samman, Eyad, and Murad Mohammed Al-Nashmi. "Effect of corporate social responsibility on nonfinancial organizational performance: evidence from Yemeni for-profit public and private enterprises." Social Responsibility Journal 12, no. 2 (June 6, 2016): 247–62. http://dx.doi.org/10.1108/srj-04-2015-0049.
Full textAbstract:
Purpose This paper aims to explore the relationship between corporate social responsibility (CSR) and nonfinancial organizational performance (NFOP) of for-profit public and private enterprises in Yemen. It also aims to find whether there is a significant difference of the level of adopting CSR as a periodic activity between business-related public enterprises known as state-owned enterprises (SOEs) and private enterprises. Design/methodology/approach Empirical analyses were conducted on a sample comprising 103 for-profit public and private enterprises. Relationship between CSR and NFOP was examined using multiple regression analyses whereas t-test analysis was used to find any significant difference in adopting CSR activities between SOEs and private enterprises operating in Yemen. Findings The four components of CSR (i.e. economic, legal, ethical and philanthropic) have positive significant relationships with NFOP when measured separately in private enterprises and in both SOEs and private enterprises as a whole entity. Conversely, there was insignificant influence of CSR on NFOP when examined separately in only SOEs. Furthermore, there was no statistically significant difference between SOEs and private enterprises concerning the level of adopting periodically CSR activities. Research limitations/implications Having potential personal preferences among respondents was among the major limitations of this study. Moreover, using nonfinancial measures for assessing NFOP forms another key limitation. Practical implications Having potential personal preferences among respondents was among the major limitations of this study. Moreover, using nonfinancial measures for assessing NFOP forms another key limitation. Originality/value This is one of the first papers discussing the influence of CSR on NFOP which has been given less remarkable attention in the literature compared to financial organizational performance. Moreover, the paper investigates CSR effects on NFOP in Yemen which belongs to the Third World countries.
35
Song, Hua, Mengyin Li, and Kangkang Yu. "Big data analytics in digital platforms: how do financial service providers customise supply chain finance?" International Journal of Operations & Production Management 41, no. 4 (March 25, 2021): 410–35. http://dx.doi.org/10.1108/ijopm-07-2020-0485.
Full textAbstract:
PurposeThis study examines the role of financial service providers (FSPs) in assessing the supply chain credit of small and medium-sized enterprises (SMEs) and how they help SMEs obtain supply chain finance (SCF) through an established digital platform using big data analytics (BDA).Design/methodology/approachThis study conducted data mining analysis on the archival data of China's FSPs in the mobile production industry from 2015 to 2018, using neural networks in the first stage and multiple regression in the second stage.FindingsThe findings suggest that digital platforms sponsored by FSPs have a discriminative effect based on implicit BDA on identifying the quality and potential risks of borrowers. The results also show that tailored information utilised by FSPs has a supportive effect based on explicit BDA in helping SMEs obtain financing.Originality/valueThis study contributes to the emergent research on BDA in supply chain management by extending the contextual research on information signalling and platform theory in SCF. Furthermore, it examines the distinctive financing decision models of FSPs and provides a solution that addresses the information deficiency and overload of both lenders and borrowers and plays a certain reference role in alleviating the financing problems of SMEs.
36
Tymul, E. I. "Choosing Method for Qualitative and Quantitative Risk Analysis for Energy Enterprises." Science & Technique 20, no. 1 (February 5, 2021): 83–90. http://dx.doi.org/10.21122/2227-1031-2021-20-1-83-90.
Full textAbstract:
The reform of the energy sector in the Republic of Belarus, which in the last few years has moved to the stage of active implementation, will bring significant changes in the management of energy enterprises. The introduction of risk management for energy enterprises will become a necessary stage, which is justified by the transition of the energy sector to market relations. In this regard, it is necessary to consider the main issues of risk assessment for energy enterprises. The paper proposes a method for qualitative and quantitative analysis of all the risks that an energy enterprise may face in the process of energy generation. The approaches of various authors to the algorithm of qualitative risk analysis have been considered in the paper. This has made it possible to clarify the main tasks that need to be solved when conducting a qualitative risk analysis. The paper also presents an analysis of methods for quantitative risk analysis. The most commonly used methods include scenario analysis and mathematical statistics, analogy and analytical methods, methods for assessing losses, expert assessments and the theory of statistical games. Each of these methods has its own advantages and disadvantages. The performed analysis of quantitative risks has permitted to substantiate the choice of methods applicable to the energy sector, taking into account the specificity of activity type. The paper has studied various scales for estimating the probability and possible losses from risks. A comparative analysis of these scales is presented and the choice of a scale for energy enterprises is justified in the paper. Attention has been paid to the problem of probability classification pertaining to occurrence of risk events. The methodology for determining the value of possible losses when performing a risk event has been considered in detail. Potential losses are classified into the following groups: interruptions in the technological process, consequences for people, environmental consequences. Possible financial losses, as well as losses from the position of the law and reputation, have been considered separately. A critical review of risk management methods has been performed in the paper. The paper has identified the most promising methods of risk management for energy enterprises
37
Castela, Bernardo M. S., Fernando A. F. Ferreira, João J. M. Ferreira, and Carla S. E. Marques. "Assessing the innovation capability of small- and medium-sized enterprises using a non-parametric and integrative approach." Management Decision 56, no. 6 (June 11, 2018): 1365–83. http://dx.doi.org/10.1108/md-02-2017-0156.
Full textAbstract:
Purpose The aftermath of the recent financial crisis has shown that the ability to innovate is a vital management skill and that the methodologies used to evaluate innovation capability within small- and medium-sized enterprises (SMEs) should be as holistic and integrative as possible. The purpose of this paper is to address this issue through the combined use of cognitive mapping and the analytic hierarchy process (AHP). Design/methodology/approach Cognitive mapping and multiple criteria decision analysis have proved over the years to be effective in handling a wide range of complex decision problems. Following a socio-technical approach, a non-parametric method of evaluating SME innovation capability – based on the results of group meetings with a panel of information technology entrepreneurs and SME chief executive officers – was created, tested and validated. Findings The methodological processes adopted in this study provide promising results for decision makers seeking to identify the most innovative SMEs. Furthermore, the sensitivity analyses carried out also supported the findings. Research limitations/implications This study confirms the usefulness of integrating cognitive mapping and the AHP to facilitate evaluations of SME innovation capability. However, due to the process-oriented nature of the research, extrapolations without proper adjustments are not recommended. Practical implications The panel members who participated in this study consider the proposal extremely versatile and see great potential for further applications in the measurement of SME innovation capability. Originality/value The combined use of cognitive mapping and the AHP offers a holistic and well-informed perspective on the issue in question. The authors know of no prior work reporting this approach in the same research context.
38
Demchenko, Kseniya. "ESSENCE AND NECESSITY OF ECOLOGICAL MODERNIZATION OF PRODUCTION IN UKRAINE." Economic Analysis, no. 28(2) (2018): 133–44. http://dx.doi.org/10.35774/econa2018.02.133.
Full textAbstract:
Introduction. The article reveals the essence of the concept of "environmental modernization of production" and describes its internal structure. The current state of the cement industry of Ukraine is considered. The economic and environmental problems of the branch are highlighted. The analysis of the level of environmental modernization of production by the subjects of entrepreneurship of the industry from the standpoint of technical and technological components of environmental modernization of production has been carried out. The economic and ecological effect of changes in production technology has been investigated, as well as the potential savings of financial and raw material resources for producers who have just begun the environmental modernization of production. In particular, the study of the change in the level of energy consumption for cement producers which results in the environmental modernization of production is presented, as well as the potential for reducing carbon dioxide emissions and the associated economic effect. The dynamics of the overall result indicator from the environmental modernization of production – material composition is described. As a result of the analysis, the direction of further environmental modernization of production for the enterprises of the cement industry was developed. Purpose. The article aims to substantiate the necessity of environmental modernization of cement industry enterprises based on analysis of its current state, as well as to carry out the assessment of actual and potential economic and environmental effects from modernization. Method (methodology). In this research, we have used the standard statistical research methods. They are the method of systematization, method of processing, data aggregation method, method of the definition of general summary synthetic indices, method of presentation of the results in the form of statistical tables, method of graphs and drawings. The author has also presented his own methodology for assessing the efficiency of environmental modernization of production by its components: technical, technological, innovative, managerial, economic and environmental. The analysis of the results of ecological modernization of production from the standpoint of technical and technological components is conducted. Results. In the course of the study, the feasibility of conducting environmental modernization of production for the enterprises of the cement industry has been proved. Cement manufacturers with a full cycle of production can use the results and recommendations, which are described in this article.
39
Pravdiuk, Nataliia, Valerii Bondarenko, Vitalii Pokynchereda, and Olga Timchenko. "Quality of Financial Reporting of the Enterprise: Evaluation Methodology." European Journal of Sustainable Development 10, no. 2 (June 1, 2021): 113–26. http://dx.doi.org/10.14207/ejsd.2021.v10n2p113.
Full textAbstract:
The article substantiates the necessity of carrying out the assessment of the quality of financial reporting of the enterprise with the purpose of inserting the level of its information filling to the needs of users and increasing their confidence in the institute of accounting. Proceeding from it theoretical and methodological positions of estimation of quality of the financial reporting on the basis of use of the theory of qualimetry are developed. The proposed model covers three consecutive stages, which provide for the description of the process of assessing the quality of financial reporting, the formation of a system of indicators for assessing the quality of financial reporting and determining the scale of their assessment, the quantitative assessment of qualitative properties of financial reporting, the analysis of the results of assessing the quality of financial reporting and management decisions. It is grounded that practical application of the developed method of assessment of financial reporting quality in contrast to the existing methods allows the development of separate models of assessment of financial reporting quality taking into account the needs of specific groups of users of accounting information and in accordance with the priority of qualitative properties of financial reporting defined by them.
40
Dmytrenko, Alla, and Oksana Furmanchuk. "Ways to Improve the Methodology of Analysis of the Financial Condition of the Enterprise." ЕКОНОМІКА І РЕГІОН Науковий вісник, no. 1(80) (March 25, 2021): 100–105. http://dx.doi.org/10.26906/eir.2021.1(80).2244.
Full textAbstract:
The article summarizes the main methodological approaches to determining the financial condition of the enterprise, considers the stages of analysis of the financial condition of the enterprise. The main approaches to assessing the financial condition of the enterprise and the development of proposals to improve the methodology of analysis of the financial condition of the enterprise, the assessment of the financial condition of the enterprise to find reserves to increase profitability and strengthen commercial calculation as a basis for stable operation other institutions. A critical assessment of the concept of «financial condition» and its definition by various experts is analyzed. Based on the study of improving the methodology of analysis of the financial condition of the enterprise, it is determined that today the most necessary to improve the financial condition of the enterprise is to improve information and methodological support of the financial condition of the enterprise, development of methodological support for forecasting the financial condition of the enterprise. Content of work at each stage, improvement of forms of financial reporting, which will increase its analytical capabilities, development of methods of comprehensive scoring of the financial condition of the enterprise, which would analyze the state of the enterprise for the optimal set of financial indicators and ratios, improvement of theoretical principles of enterprise information system.
41
Zhichkin, Kirill, Vladimir Nosov, Lyudmila Zhichkina, and Natalia Fomenko. "Simulation modeling in assessing the agricultural enterprise state in an emergency." E3S Web of Conferences 285 (2021): 01010. http://dx.doi.org/10.1051/e3sconf/202128501010.
Full textAbstract:
The article proposes a methodology for assessing the sufficiency of financial resources in an emergency. The purpose of the study is to develop a methodology based on the method of simulation modeling to assess the sufficiency of resources and the sustainability of an agricultural enterprise in the event of an emergency. This set of methods for assessing the availability of enterprise financial resources for overcoming emergencies was implemented using algorithms for simulation of enterprise financial flows and their assessment in the program for investment calculations Project Expert 7.19. The program allows you to build simulation models of an enterprise, regardless of their industry and specificity. With the help of this software complex, it is possible not only to build a simulation model of an enterprise, but also to carry out its statistical evaluation. Together with the proposed method of detailing the initial data of annual financial and economic documents, this set of methods is a powerful tool for building and evaluating simulation models of agricultural and other enterprises, taking into account fluctuations in cash flow values during the year. Thus, the accuracy of the estimates obtained is significantly increased in comparison with methods based on the analysis of relative indicators or coefficients.
42
Adamenko, Maryna. "METHODOLOGY FOR ASSESSING AND ANALYZING THE INNOVATIVE POTENTIAL OF THE INDUSTRIAL ENTERPRISE PERSONNEL." Economic Analysis, no. 30(3) (2020): 147–55. http://dx.doi.org/10.35774/econa2020.03.147.
Full textAbstract:
Introduction. Personnel possesses their own innovative potential and is a basic resource for innovative activities of the enterprise. Assessment and analysis of the innovative potential of enterprise personnel are an important focus area of the enterprise analytics. A review of publications demonstrates insufficiency of research concerning assessment and analysis of the personnel innovative potential and absence of the relevant methodology in Ukrainian science. Purpose. The article aims to describe methodology of assessing and analyzing the innovative potential of the enterprise personnel developed within the author’s research framework. Methods (methodology). The methods used in the article include: theoretical research methods (formation of concepts, assertions, inference); elementary theoretical analysis and synthesis, the logic method; the system-structural method. Results. The article substantiates that when studying, it is necessary to separate assessment and analysis of the innovative potential of the enterprise personnel. Considering this, it is suggested to treat methodology of the enterprise personnel innovative potential as the totality of methodological approaches to its assessment and analysis.The methodological approach to assessing and analyzing the innovative potential of personnel is intended to form its conceptual basis with relevant components and determine methods of formalized assessment of personnel’s innovative potential level and its components, combine these methods into a certain methodology. The methodological approach to analyzing the innovative potential of enterprise personnel is to establish a relevant conceptual idea and build the methodology capable of determining aims, purposes, sequence of such an analysis, relevant analytical procedures and methodological approaches as well as complying with the system of personnel innovative potential management based on its previous assessment. While establishing the methodology for assessing and analyzing the innovative potential of enterprise personnel, the authors present a methodological platform, outline the aim, the concept, the working hypothesis postulates, determine principles, methods and develop the program of the methodological study of assessing and analyzing the innovative potential of enterprise personnel. The suggested methodology enables establishing the conceptual and scientific-methodological basis for assessing and analyzing the innovative potential of personnel at any enterprise.
43
Burlankov, S. P., and S. A. Kuzmin. "Assessing Innovation Potential of the Agricultural Enterprise." Vestnik of the Plekhanov Russian University of Economics, no. 6 (December 18, 2018): 77–88. http://dx.doi.org/10.21686/2413-2829-2018-6-77-88.
Full textAbstract:
The article discusses different academic views on the assessment of innovation potential of the enterprise. Opinions of scientists in the field of management and assessment of the enterprise innovation potential served as a methodological foundation of the research. Researchers dealing with issues of innovation potential management developed qualitative and quantitative methods of potential estimation and formulated approaches to its assessment. The authors support the quantitative approach to assessment and estimation of innovation potential, therefore indicators have mainly mathematic expression. By studying methods of enterprise innovation potential estimation systematization of approaches was carried out. Different authors classified methods of estimation depending on needs of the market environment and on conceptual characteristic of the potential. The article revealed that the optimal methodology of estimation and management of innovation potential had not been formulated, thus we need approaches based on integral qualitative indicators, which can characterize the innovation potential.
44
Sibiryatkina, I. V. "TOOLS FOR ASSESSING THE COMPETITIVENESS OF A COMMERCIAL ENTERPRISE." Scientific Review: Theory and Practice 10, no. 9 (September 30, 2020): 2047–61. http://dx.doi.org/10.35679/2226-0226-2020-10-9-2047-2061.
Full textAbstract:
The article presents the systematization of approaches to assess the enterprises' level of competitiveness. The advantages and disadvantages of the most famous models for assessing the competitiveness of business entities are considered. The identified shortcomings made it possible to form a hypothesis for studying the enterprises' competitiveness, taking into account the industry factor, financial criteria and quality indicators of the enterprise. For the formation of an objective adaptation model for assessing the competitiveness of an enterprise, taking into account its industry specificity, the author's approach to assessing the competitiveness of an enterprise, taking into account industry specifics, based on the relative and qualitative indicators of the enterprise's activities, selected by the expert assessment method, is considered. For trade enterprises, groups of the most significant indicators have been formed that characterize the competitiveness in the areas of observation of the sales of a trade enterprise, its costs, financial position and financial results, for the market share of the trade enterprise, the level of prices for goods, for the level of service of the trade enterprise. The indicators characterizing the level of competitiveness of a trading enterprise are divided into relative critical indicators and a group of qualitative critical indicators, which are included in the calculation of the complex coefficient of enterprise competitiveness model based on the theory of effective competition according to the weighted average arithmetic formula. The article presents the results of approbation of the proposed methodology on the example of the “PAO Magnit” trading enterprise and its trade competitors operating in Voronezh. The obtained results of the author's methodology for assessing the competitiveness of a trading enterprise have practical significance; the proposed model can be adapted according to the criteria for selecting indicators and their quantitative indicator, which contributes to the use of this toolkit in future studies of the competitiveness of trading enterprises.
45
Bezghinova, L. I., L. D. Zabrodska, H. I. Zabrodska, and O. M. Nesterenko. "Assessing the Investment Attractiveness of Food Industry Enterprises." Business Inform 6, no. 521 (2021): 259–64. http://dx.doi.org/10.32983/2222-4459-2021-6-259-264.
Full textAbstract:
The article is aimed at substantiating the methodological approach to assessing the investment attractiveness of the food industry enterprise, taking into account its industry characteristics. The article describes the specifics of the activities of food industry enterprises, which can characterize the state of their investment attractiveness. The methodological aspects of assessment of investment attractiveness of enterprise are considered. The assessment of the investment attractiveness of a food industry enterprise is proposed to be carried out from the short- and long-term perspective. The methodology for assessing the investment attractiveness of the food industry enterprise is substantiated according to the following stages: formation of an information base of assessment; assessment of investment attractiveness elements and determination of their normative values by groups of financial coefficients; integral assessment of elements of the state of investment attractiveness; ranking of enterprises based on the results of the investment attractiveness assessment. Four groups of financial coefficients are distinguished in accordance with their economic content: liquidity (absolute liquidity ratio, coverage ratio); negotiability (negotiability ratio of total capital, negotiability ratio of current assets); financial sustainability (coverage structure coefficient, ratio of own and borrowed funds); profitability (return on assets, return on equity). The methodology allows, depending on the priorities and policies of the enterprise, its industry affiliation, investment climate, economic development conditions, to choose other criteria and indicators to assess the level of investment attractiveness. A methodical approach to the construction of an integral indicator of the assessment of investment attractiveness of enterprise and a factor map of its interpretation with the allocation of low, medium and high levels are proposed.
46
Terenina, I., and I. Protsenko. "Methodology for assessing the logistics potential of a commercial enterprise." Management and Business Administration, no. 1 (March 30, 2022): 127–33. http://dx.doi.org/10.33983/2075-1826-2022-1-127-133.
Full textAbstract:
The article is devoted to the issues and problems of the significance of the logistics potential in the activities of commercial structures. The paper considers the views of various scientists on the logistics potential from the point of view on the theory and practice of logistics. The methodological tools of the study are based on the analysis of information sources that consider this problem, as well as approaches to assessing the logistics potential. This allowed the authors to propose a methodical approach to assessing the logistics potential based on the inclusion on which the indicator value depends.
47
Fylypenko, O. M., and T. S. Koliesnik. "The Methodical Instrumentarium for Assessing the Financial Potential of the Retail Trade Enterprise." Business Inform 10, no. 513 (2020): 149–54. http://dx.doi.org/10.32983/2222-4459-2020-10-149-154.
Full textAbstract:
The article is aimed at substantiating the methodical instrumentarium, the directions of analysis and assessment of the financial potential of retail trade enterprises. In the course of research, the content of strategic financial analysis for retail trade enterprises is defined. It is proved that an important direction of strategic financial analysis is the study of the financial potential of retail trade enterprises, which is proposed to be carried out in view of two aspects: 1) determining the availability and sufficiency of financial resources; 2) analysis of the level of development of financial competencies. The tasks that are being solved during the assessment of financial capabilities of enterprises are defined. The analytical system for assessing the financial potential of retail trade enterprises is substantiated, which takes into account the status of both resource and competent components of financial potential according to the criteria for availability of financial resources, their provision with sources of financing, as well as the level of development of financial competencies. This allowed to ensure the complexity and systematicity in the research of internal financial capabilities of retail trade enterprises. To study the status of available financial resources, a system of indicators has been developed, allowing to investigate the resource component of financial potential according to the criteria for the availability of financial resources and their provision by sources of financing. The main components of financial competencies of retail trade enterprises are: competences to ensure solvency, increase business activity and profitability, competence in value management. To define the level of their development, the enterprises were offered a system of estimating indicators. The research of communication of the status of the resource component of financial potential and the development of financial competencies is proposed to be carried out using the method of combination analytical grouping.
48
Gorbachev, Andrey, and Tatiana Fedorova. "Assessing the innovative capacity of the scientific-industrial complex." SHS Web of Conferences 55 (2018): 01016. http://dx.doi.org/10.1051/shsconf/20185501016.
Full textAbstract:
One of the most effective structures on release of innovative products is the scientific-industrial complex today. To make innovative products for the establishment of capability of scientific-industrial complex and to perform competitive activity, such characteristic of the enterprise as its innovative potential having three following components is estimated: the volume of the resources of the enterprise used for performance of works, an opportunity to perform profitable works and to perform investing activities by means of implementation of orders with remote financial result. Efficiency of activity of scientific-industrial complex depends on capability of the enterprise competently to distribute the potential between different job groups, providing financial result, both today and in the future.
49
Artamonova, Iuliia, and Boris Khrustalev. "Increasing the innovative potential of the enterprise building complex." E3S Web of Conferences 91 (2019): 08033. http://dx.doi.org/10.1051/e3sconf/20199108033.
Full textAbstract:
The article discusses the structure and methodology for assessing the innovative potential of an enterprise. Based on expert analysis, factors affecting its innovative potential are highlighted. The article can be useful to researchers and managers of construction companies in assessing their innovative potential.
50
Vaslavskaya, Irina Yurievna. "The Concept of Assessing the Level of the Enterprise Economic Security." Revista Gestão Inovação e Tecnologias 11, no. 2 (June 5, 2021): 1259–68. http://dx.doi.org/10.47059/revistageintec.v11i2.1754.
Full textAbstract:
Several problems can be identified in assessing the economic security of organizations. Most of the developed techniques in this area involve the assessment of the financial component of economic security using methods for assessing the probability of the bankruptcy of the enterprise. At the same time, there are no unambiguously recommended evaluation methods; often enterprises are limited to any one complex methodology. Any evaluation of the financial component of the security is reduced to the cost-benefit analysis and evaluation of balance sheet liquidity and the financial stability of the organization, without the formation of an integral indicator. This approach does not consider the nature of internal processes and assesses the final impact of these “processes” on the indicators of financial statements (based on which the assessment of the financial component of economic security is formed). Also, one of the problems of assessing economic security using mathematical models is the complexity of mastering these models and the lack of the programs for performing calculations. It should be noted that it is a characteristic of the largest number of studied methods that usually assess the current state of the enterprise, the complex methodology does not consider threats, the maximum that can be considered is a possible prevented damage. Nevertheless, working with threats in the assessment system allows us to predict the possible negative impact on the state of economic security. And timely prevent these situations or “take the risk”, since it is advisable to assess threats through risk indicators. Assessment of economic security is as important as any other economic analytical information needed for the timely decision-makin and the formation of proactive measures.