Financial Instruments to Improve the Competitiveness of Enterprises

2021 ◽  
pp. 097215092110606
Author(s):  
Denis Syromyatnikov ◽  
Sergey Demin ◽  
Anatoly Belichenko ◽  
Anton Grigoriev ◽  
Tatiana Yurieva
Keyword(s):  
Factor Analysis ◽  
International Markets ◽  
Nonparametric Methods ◽  
Dual Model ◽  
Financial Instruments ◽  
Dual Approach ◽  
Agricultural Enterprises ◽  
The Competitiveness Of Enterprises ◽  
Minimum Costs ◽  
Available Resources

Against the background of globalization and the deepening struggle for international markets, competitiveness is among the most important indicators describing the performance of an enterprise. The purpose of this study is to create a methodology for assessing the level of competitiveness of enterprises. The proposed methodology is based on a dual model integrating the parametric and nonparametric methods for assessing the effect of using the financial mechanisms of competitiveness management. This study relies on regression and factor analysis. The focus is on the competitiveness level of 12 agricultural enterprises operating in Russia. Among the studied enterprises, the most competitive one is the enterprise that makes the best use of available resources when moving toward the desired amount of income (profit) and minimum costs. The proposed approach allows not only to assess the true level of competitiveness of an enterprise but also to identify reserves it can exploit to improve its competitiveness using financial instruments. At the same time, the stochastic dual approach proved to be a better choice in developing a competitiveness strategy.

scholarly journals Evaluation of the Convergence of International Markets for Agricultural Enterprises of Ukraine under International Diversification Conditions

2020 ◽  
Vol 9 (2) ◽  
pp. 467-487
Author(s):  
Alona Tanasiichuk ◽  
Svetlana Kovalchuk ◽  
Olha Hromova ◽  
Hryhorenko Inna ◽  
Fedortsova Olena
Keyword(s):  
International Diversification ◽  
International Markets ◽  
Expert Assessment ◽  
Foreign Markets ◽  
Agricultural Enterprises ◽  
Managerial Decisions ◽  
Doing Business ◽  
General Statistical ◽  
Favorable Conditions ◽  
Dynamic Indicators

It is proposed the classification of indicators of convergence assessment of international markets for determining their marketing attractiveness for the enterprise, which includes absolute and relative indicators of measurement of general statistical data, evaluation of factors of production, information on products and services, dynamic indicators and convergence indicators used by enterprises for the search of new international markets. In the expert assessment of convergence indicators, the markets of foreign countries, the indicators of which are as close as possible to the Ukrainian economy, are distinguished, the result of the assessment allowed to draw conclusions about the marketing opportunities of domestic enterprises in the conditions of the export of goods to the markets of these countries. As the analysis of practical aspects of the functioning of agricultural enterprises and their associations results, a scientific and methodical approach to a comprehensive convergence of agricultural enterprises activities of Ukraine assessment under the conditions of international diversification has been developed. The proposed approach is based on the method of summing up the ranks to rank foreign markets according to the system of dynamic indicators application, which allowed to determine the marketing attractiveness of new international markets for the domestic enterprises activity in these markets and to assess their convergence. As the application of the proposed approach result, foreign markets have been identified which demonstrate favorable conditions for doing business on them, indicating the convergent conditions existence, which is a prerequisite for domestic agricultural enterprises to the markets of these countries release, and also determines the factors and criteria for making managerial decisions regarding realization of domestic agrarian enterprises activity under international diversification conditions. It is proved that the markets of Belgium, Italy, Ireland, Switzerland, and Japan have demonstrated favorable conditions for doing business with them, indicating a significant convergence of markets in these countries. It is determined that the markets of Greece and China are promising for domestic enterprises in the presence of opportunities to overcome a significant margin of discretion. Keywords: convergence, international diversification, international markets marketing attractiveness, convergence evaluation of international markets

Development of a strategy for the economic development of an agricultural enterprise using a balanced scorecard

2021 ◽  
pp. 19-23
Author(s):  
Elena S. Ustinovich ◽  
◽  
Denis V. Nikolenko ◽  
Keyword(s):  
Economic Development ◽  
Factor Analysis ◽  
Balanced Scorecard ◽  
Modern World ◽  
Management Approach ◽  
Agricultural Enterprises ◽  
Existing Problems ◽  
Financial Condition ◽  
Agricultural Enterprise ◽  
Kursk Region

Abstract. The paper analyzes the dynamically developing methodology for building balanced scorecard systems in the modern world. The reasons for the relevance of the processes of improving the management approach are considered. The article focuses on the existing problems in this area and assesses the prospects for the implementation of this system at one of the agricultural enterprises of the Kursk region – LLC “NIVA” of the Cheremisinovsky district. The article proposes a scheme for the development and implementation of a system of balanced indicators in the enterprise. On the basis of factor analysis, the influence of these indicators on the dynamics of the financial condition of LLC “NIVA” is investigated. Based on the general analysis, the strengths and weaknesses were identified, which allowed us to outline ways to improve management system for financial condition of the enterprise.

scholarly journals ANALYSIS AND EVALUATION OF FACTORS AFFECTING THE DEVELOPMENT OF FOREIGN ECONOMIC ACTIVITY OF AGRICULTURAL SECTOR ENTERPRISES

2020 ◽  
pp. 25-29
Author(s):  
Kubiv S. ◽  
Fedyuk V.
Keyword(s):  
Economic Activity ◽  
Crucial Role ◽  
Agricultural Sector ◽  
International Markets ◽  
Agricultural Enterprises ◽  
Factors Influencing ◽  
The Future ◽  
High Level ◽  
Exhaustive List

The development of foreign economic activity in the conditions of protectionist measures in the domestic markets of Ukraine is one of the main directions of increasing the level of competitiveness of domestic enterprises in the agricultural sector. Entering markets with a high level of competition and the widespread use of modern technologies creates opportunities for new experience and knowledge, which can be key factors in the success of the enterprise in the future. The foreign economic activity of Ukrainian enterprises in the agricultural sector is characterized by high potential for further development, however, in the current and retrospective perspective does not show effective trends for rapid growth in the future. Therefore, it is necessary to develop and use a number of scientifically sound proposals that logically follow from the results of the analysis and take into account the national characteristics of doing business in a high level of economic and political instability. The article analyzes the dynamics of export-import operations in the field of agricultural products, formed a classification of factors influencing the development of this industry, and which, unlike others, is based on the impor-tance of these factors, which allows to build an exhaustive list of those factors. whose impact is insignificant and taking into account those whose impact cannot be ignored, as they can play a crucial role in ensuring a certain level of success of domestic agricultural enterprises in international markets. This made it possible to formulate the author's proposals to improve the process of selecting alternative factors for assessing the foreign economic activity of enterprises in the agricultural sector in international markets. Based on the analysis of the dynamics of export-import operations in the agricultural sector, a classification of factors influencing the development of this industry was formed, which, unlike others, is based on the importance of these factors, which allows us to build an exhaustive list of those factors. which are insignificant and taking into account those whose impact cannot be ignored, as they can play a crucial role in ensuring a certain level of success of domestic agricultural enterprises in international markets.Keywords: competitiveness, foreign economic activity, agrarian enterprises, classification of factors, methodical and applied tools. Розвиток зовнішньоекономічної діяльності в умовах дії протекціоністських заходів на внутрішніх ринках України являється одним із головних напрямків підвищення рівня конкурентоспроможності вітчизняних підприємств аграрного сектору. Вихід на ринки з високим рівнем конкуренції та поширеним використанням сучасних технологій створює можливості для здобуття нового досвіду і знань, які можуть бути ключовими факторами успішності підприємства у майбутньому. У статті проведено аналізування динаміки експортно-імпортних операцій у сфері сільськогосподарської продукції, було сформовано класифікацію факторів, які впливають на розвиток цієї галузі, і яка на відміну від інших, базується на врахуванні вагомості цих чинників, що дозволяє побудувати вичерпний їх перелік відкинувши ті фактори, вплив котрих є не суттєвими та врахувавши ті з них, чий вплив не можна ігнорувати, оскільки вони можуть відігравати вирішальну роль у забезпеченні певного рівня успішності вітчизняних підприємств аграрної сфери на міжнародних ринках.Ключові слова: конкурентоспроможність, зовнішньоекономічна діяльність, підприємства аграрної сфери, класифікація факторів, методико-прикладний інструментарій.

scholarly journals ADOPTION OF MANAGEMENT DECISIONS: MECHANISMS AND FINANCIAL INSTRUMENTS

2018 ◽  
Vol 13 (4) ◽  
pp. 146-152 ◽  
Author(s):  
Гамлет Остаев ◽  
Gamlet Ostaev ◽  
Гузалия Клычова ◽  
Guzaliya Klychova ◽  
Елена Некрасова ◽  
...  
Keyword(s):  
Industrial Complex ◽  
Technical Equipment ◽  
Financial Instruments ◽  
Effective Management ◽  
Agricultural Producers ◽  
Agricultural Enterprises ◽  
Modern Agriculture ◽  
Agricultural Equipment ◽  
Management Measures ◽  
Technological Potential

In modern agriculture with its own technical needs, it is practically impossible without effective management measures and attraction of borrowed capital. Sustainable development of agriculture, including the plant industry, of course, depends on the technical equipment of agricultural enterprises. The use of financial instruments and management mechanisms is an opportunity for agricultural producers to improve their potentials, including improving and maintaining agricultural equipment at the proper level, since the activity involves the implementation of a large amount of mechanized work in order to produce strategically important products. All this contributes to increasing the efficiency of the production system and provides for the renewal and formation of the technical and technological potential of the plant growing industry, and this in turn leads to the development of the agro-industrial complex as a whole.

scholarly journals Working-out the Development of Investment Activities of Enterprises

2021 ◽  
Vol 26 (1) ◽  
pp. 167-172
Author(s):  
V. V Chernyshov ◽  
Keyword(s):  
Investment Strategy ◽  
International Markets ◽  
Machine Building ◽  
Investment Climate ◽  
Strategic Development ◽  
Investment Activity ◽  
Economic Space ◽  
Business Entities ◽  
The Competitiveness Of Enterprises ◽  
Working Out

Abstract. Introduction. In modern conditions of transformation of the national economy the development of investment activity, which influences the interests of a growing number of enterprises, becomes relevant. Effective implementation of investment activities at the present stage is the basis for the development of Ukraine's economy, ensuring the possibility of its integration into the European socio-economic space, which will further enhance the competitiveness of enterprises and improve the investment climate. Purpose. It has been proved that investment activity requires decision-making on investing financial resources to expand production. It has been established that the investment strategy of any enterprise is an integral part of its overall economic strategy, which allows to fully assess the investment potential for foreign investors. Results. An analysis of business entities based on indicators of investment activity in the selection of strategic development priorities. There are three clusters: first class: normal investment activity; second class: moderate investment activity; and third grade: critical investment activity. The analysis of investment activity of business entities of the machine-building industry in Ukraine indicates the need to attract investment resources. Conclusions. Hierarchies of choice of strategic priorities directions of development for attraction of foreign economic sources of financing have been offered and its economic efficiency has been established. The hierarchy of communication of the choice of directions of strategic development priorities for attracting foreign economic sources of financing has been obtained, which has six levels, where the highest level is to ensure the development and promotion of products of economic entities in international markets. Implementation of 6 levels of the hierarchy of choice of strategic development priorities to attract foreign economic sources of financing of economic entities, these are comprehensive actions that will enhance investment attractiveness in international markets and address some issues related to the development of strategic priorities of economic entities.

scholarly journals Conceptual principles of evaluation of competitiveness of the enterprise in the conditions of entry into new international markets

2021 ◽  
Vol 2021 (2) ◽  
pp. 91-98
Author(s):  
Olena Mukan ◽  
◽  
A. Sharuk ◽  
Keyword(s):  
International Markets ◽  
Competitive Advantages ◽  
Foreign Markets ◽  
Goods And Services ◽  
Advantages And Disadvantages ◽  
National Market ◽  
Market Choice ◽  
The Right ◽  
Effective Assessment ◽  
The Competitiveness Of Enterprises

In today's market economy, competition is an important concept. Today, issues of competition and competitiveness are especially relevant due to the processes of globalization and intensification of competition between producers of goods and services. As a result, the question arises as to what makes one producer better than another and whether he is able to fully meet the needs of his consumer, thus ensuring his profit? Therefore, assessing the competitive advantages, production, personnel, technological and marketing capabilities of the enterprise, as well as identifying ways to improve them affect the competitiveness of the enterprise in both domestic and foreign markets, as well as the possibility of expanding into new markets. Assessing the competitiveness of the enterprise allows to determine its advantages and disadvantages in comparison with competitors, identify ways to improve it, strengthen the company's position in the national market and identify new target markets. The article provides a review of scientific literature, research and publications on the subject of research, describes the methods, their advantages and disadvantages for assessing the competitiveness of the enterprise in terms of entering new international markets. The stages, the sequence of which must be followed when assessing the competitiveness of enterprises, are summarized. The main indicators, factors, as well as some characteristics of the product that affect the competitiveness of enterprises are presented. It is established that for effective assessment of the competitiveness of the enterprise in terms of entering new international markets, it is advisable to use a set of several valuation methods using a certain sequence. The evaluation results influence the choice of strategy and forms of the company's entry into new international markets, market choice, sales policy, and also allows to effectively assess the company's performance and ability to respond quickly and effectively to external changes, make the right management decisions and take measures to improve competitiveness of the enterprise.

EVALUATION VIABILITY OF AGRICULTURAL ENTERPRISES

2017 ◽  
Author(s):  
Viacheslav Pylypenko ◽  
◽  
Iryna Lytovka ◽  
Keyword(s):  
Factor Analysis ◽  
Practical Significance ◽  
Vector Model ◽  
Internal Factors ◽  
Factors Affecting ◽  
Agricultural Enterprises ◽  
Current State ◽  
Agricultural Enterprise ◽  
Technical Production

The article examines and systematizes factors affecting the viability of an agricultural enterprise (external: economic, political, legal, technological, climatic, socio-demographic, market) and internal factors (financial and economic, material and technical, production and technological, personnel and intellectual , innovative and environmental), which made it possible to substantiate the differences in the parameters for assessing the viability of an agricultural enterprise and, on this basis, build a three-vector model for assessing the viability of an enterprise for a targeted search for possible ways to increase its viability. An algorithm for assessing the viability of an enterprise has been built, including an assessment of the dynamics of indicators, their factor analysis and determination of the state of viability, which allows not only assessing the current state, but also predicting future development, which makes it possible for the enterprise to timely identify deviations and make informed management decisions. The practical significance of the obtained results of the study lies in the possibility of using the obtained theoretical and methodological provisions in the practical activities of agricultural enterprises to ensure their viability through the application in practice of evaluating the parameters that determine the viability of an enterprise as a tool for managing sustainable development.

scholarly journals Teaching Law to Accounting and Business Students: A Cumulative Dual Model

2008 ◽  
Vol 5 (2) ◽  
pp. 20-44
Author(s):  
F. Ewang ◽  
Keyword(s):  
Business Students ◽  
Law Students ◽  
Dual Model ◽  
Final Exam ◽  
Traditional Lecture ◽  
Dual Approach ◽  
Business Degrees ◽  
Study Process ◽  
Qualitative Responses ◽  
Interview Questionnaire

This article presents a reflection and comparison of two of my teaching pedagogical approaches for the Business Organisations Law curriculum to undergraduate non-law students at Charles Sturt University. The purpose is to compare and evaluate efficacy of a traditional, lecture-based learning (LBL)i with a combination of LBL and problem-based learning (PBL)ii in improving performance and outcomes for students enrolled in the accounting and business degrees. Research methods to compare outcomes and performances were evaluated using modified versions of several LBL and PBL related survey questionnaires and a Study Process Questionnaire (SPV) developed by John Biggs for use with Australian tertiary students, and validated for use with students in several Asian countries. Data regarding students’ perceptions of LBL and a combination of LBL and PBL were further collected using a 13-point interview questionnaire. Responses from a Likert scale were calculated in percentages and considered in terms of a mean response and data from the qualitative responses coded in NVIVO and analysed thematically. Also, ‘tests scores’ (assignments and final exam results - mostly problem questions) from a traditional LBL class were compared with the scores from a mixture of both LBL and PBL. Though groups’ means of both LBL and PBL were closer, the results combined with other indicia revealed that students studying the course through a combination of both lectures and PBL tutorials in a teaching session performed significantly better. The paper recommends a cumulative dual approach as effective course delivering methods.

scholarly journals World-Class Managers: a Pilot Tuning Project-based on Generic Competences

2019 ◽  
Vol 12 (2) ◽  
pp. 71-81
Author(s):  
Luis David Delgado Vélez ◽  
William Camilo Sánchez Torres ◽  
Angel Rodrigo Vélez Bedoya
Keyword(s):  
Factor Analysis ◽  
Exploratory Factor Analysis ◽  
Self Efficacy ◽  
International Markets ◽  
Descriptive Statistics ◽  
Three Dimensions ◽  
Family Education ◽  
The Family ◽  
World Class ◽  
Generic Competences

Introduction. This research evaluates the generic competences of the managers that belong to the 20 World Class Sectors, according to the Productive Transformation Program in Colombia. Method. A survey applied to 280 managers seeks to evaluate the 27 generic competences of the Tuning Project, using descriptive statistics and exploratory factor analysis to measure three dimensions: motivation/commitment, self-efficacy and the competence’s origin. Results. The most necessary skills to boost the positioning of these companies in international markets are the weakest. The findings’ relevance indicates that the managers’ commitment and motivation is greater than the effectiveness in their performance; also, the findings emphasize the family education as one of the main sources of their competences.

scholarly journals MECHANISM OF INCREASING THE COMPETITIVENESS OF AGRICULTURAL ENTERPRISES

2021 ◽  
Vol 26 (2(87)) ◽  
Author(s):  
Kristina Zheludenko
Keyword(s):  
Agricultural Sector ◽  
Political Factors ◽  
Agricultural Enterprises ◽  
Theoretical Approaches ◽  
Agricultural Enterprise ◽  
Number Of Factors ◽  
Scientific Substantiation ◽  
Characteristic Features ◽  
Social Organizational ◽  
The Competitiveness Of Enterprises

The efficiency of agricultural enterprises in the market environment depends on the level of their competitiveness. Competition encourages producers of agricultural products to implement the results of scientific and technological progress, the use of new unique technologies and products, and ensures the active development of agricultural production. Since competitiveness is one of the main indicators of the state of enterprises, its increase becomes one of the main strategic tasks of ensuring their stable development. The study of theoretical and practical issues of increasing the competitiveness of enterprises was carried out by many domestic and foreign scientists. The article presents their theoretical approaches to defining the concept of «enterprise competitiveness». Since the activities of enterprises in the agricultural sector have characteristic features associated with the specifics of agriculture, the essence of the concept of «competitiveness of agricultural enterprises» is defined. The competitiveness of enterprises in the agricultural sector depends on a number of factors that are of different nature, origin and level of impact. For effective management of the competitiveness of economic entities in the agricultural sector, a classification of their factors is proposed. Among them, natural-geographical, scientific and technical, social, organizational, financial and economic, environmental and political factors are highlighted. The article presents the scientific substantiation of the above factors and analyzes their impact on the activities of enterprises in the agricultural sector. Taking these factors into account will increase the production of high quality products, make a profit, and will help accelerate the industry's recovery from the financial crisis. The article presents a mechanism for increasing the competitiveness of agricultural enterprises and describes its stages: analysis of the competitive positions of an agricultural enterprise, the formation and implementation of the mechanism. The measures and priority directions of increasing the competitiveness of the subjects of the agrarian market are proposed.

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