scholarly journals Assessing the effectiveness of foreign economic activities management on the basis of target indicators

2021 ◽  
Vol 2021 (2) ◽  
pp. 72-81
Author(s):  
Olha Melnyk ◽  
◽  
Khrystyna Peredalo ◽  
Yuliana Horoshko ◽  
◽  
...  
Keyword(s):  
Economic Activity ◽  
Narrow Range ◽  
Evaluation Model ◽  
Objective Assessment ◽  
Effective Management ◽  
Economic Activities ◽  
Activity Management ◽  
Efficiency And Effectiveness ◽  
Structured System ◽  
Definition Of

The concepts of "effect", "efficiency" and "effectiveness" were considered. It is noted that efficiency is a broader concept because it does not take into account the achievement of individual results, in contrast to the concept of "effectiveness". The main key groups of indicators that are most often used in assessing the effectiveness of foreign economic activity management are presented. The main problems related to the evaluation of the effectiveness of foreign economic activity management were listed including lack of a clearly structured system of targets; inefficiency of the formed evaluation model procedure; a narrow range of target indicators for evaluating the effectiveness of foreign economic activity that does not allow a multifaceted assessment of the results of its implementation. Such disadvantages in the management system often lead to problems with the definition of priority areas of foreign economic activity, objective assessment of cost, setting relevant goals, etc. Based on the studies of both scientific sources and practitioners, using methods of comparison, generalization, questionnaires, etc., the stages of evaluating the effectiveness of foreign economic activity management are based on targets, which are combined in three blocks: preparatory, technological and analytical. The principles of evaluating the effectiveness of foreign economic activity management were proposed, such as objectivity, systematization, complexity, constructiveness, continuity. A system of indicators for evaluating the effectiveness of foreign economic activity management was recommended for import-oriented enterprises. And although the above list is known, but their systematic presentation allowed the management of enterprises to select the most appropriate indicators for them, through which they create quality management and effective management decisions for the development of foreign economic activity.

scholarly journals FORMATION OF STRATEGIC AREAS FOR DEVELOPMENT OF UKRAINIAN METALLURGICAL ENTERPRISES IN ACCORDANCE WITH TENDENCIES IN EXPORT-IMPORT CHANGES

2019 ◽  
pp. 49-57
Author(s):  
Maryna Ivanova ◽  
Vasyl Shvets ◽  
Olena Varyanichenko
Keyword(s):  
Foreign Trade ◽  
Development Strategy ◽  
Economic Activity ◽  
Negative Impact ◽  
Economic Activities ◽  
Strategy Formation ◽  
Economic Relations ◽  
Strategic Issues ◽  
Analysis And Synthesis ◽  
Definition Of

Introduction. The top management of enterprises, as a rule, have to solve several strategic issues when concluding a foreign trade contract, among which the choice of strategic direction of activity and the counterparty country is the highest priority. Methods. General and specific methods of system-structural analysis and synthesis were used to formulate the author's definition of "development strategy", to identify the interrelated stages of the development strategy formation; correlation-regression analysis was applied to determine the correlation density between imports and exports for the countries involved in Ukraine’s foreign trade in metallurgical products. Results. The theoretical study of approaches to the formation of a development strategy has allowed formulating the author's definition that the enterprise development strategy is a long-term plan, which contains complex decisions on choosing the direction of enterprise’s development, defining the major goals and models of actions for the formation and effective use of its potential; it also allows the enterprise to create favourable internal and external conditions for successful completion of the main stages of development. It has been found that analysis, monitoring, diagnostics of external and internal environment are a commonly-accepted component of any process of strategy formation. The results of the correlation between import and export as elements of the system have been obtained; it has been proved that a change in import volumes occurs simultaneously with the proportional change in export volumes. Enterprises will be advised to perform foreign economic activities only with counterparties in the countries for which the correlation coefficient between exports and imports is significant. Discussion. The density of export - import links for individual types of metallurgical products is greater than 0.5, indicating a significant correlation between the two considered features. The foreign economic relations between the metallurgical enterprises in Ukraine and various countries of the world are relatively balanced in the field of exports - imports of certain types of metallurgical products. The obtained results should be taken into account in the formation of a strategy for those metallurgical enterprises in Ukraine, which are to perform or expand their foreign economic activity. At the same time, it is necessary to take into account other factors influencing the resultant indicator, i.e. import, and to introduce advanced methods for their detection and research, which, in turn, will reduce the negative impact of the environment. Keywords. Development strategy, import, export, correlation, foreign economic activity, metallurgical enterprises, metallurgical products.

scholarly journals The main components of the formation of recreational and tourism activity

2018 ◽  
Vol 27 (1) ◽  
pp. 148-155
Author(s):  
V. V. Yavorska ◽  
I. V. Hevko ◽  
V. A. Sych ◽  
K. V. Kolomiyets
Keyword(s):  
Economic Activity ◽  
Subject Area ◽  
Economic Activities ◽  
Service Market ◽  
Territorial Organization ◽  
Tourism Activity ◽  
The Subject ◽  
Main Components ◽  
Definition Of ◽  
Recreation And Tourism

The article considers the issues of further development of the conceptual apparatus of such a direction as recreation and tourism and the question of determining the various directions and components of recreation and tourism economy. The purpose of this work is to identify the main components of recreational and tourist activity as an integral part of the inter-sectoral complex. It is stressed that tourism activity can be viewed from the standpoint of the economy, because it has all the features of the economy, although this approach is not widespread. It is also possible to study the recreation and tourism sector as a type of economic activity. Recreational and tourist activity is considered as a service market, both as a social system and as an economic system. It was emphasized that in geography and regional economy, recreational and tourist activity is considered as an inter-sectoral complex. A pivotal problem is the definition of objects and entities in systemic relations, where, depending on the nature of the system, tourists can act as objects and subjects. It was established that the formation of the subject area of recreational and tourist activity is based on geographical concepts, including the concept of «touristdestination», the concept of territorial organization of the population and economy, the concept of territorial recreational systems. The position of geographers in the development of the subject area of tourism enhances resource orientation of tourism activity; we note that the resource is both population and tourist destinations. In the article we considered the Ukrainian taxonomy of types of economic activities, which are directly involved in tourism and recreation. It is determined that tourism and recreation sector occupy a special place in the sphere of services. In essence, tourist services are multi–component, and the tourist product itself combines the result of the activities of enterprises that carry out completely different activities. The schematically structured recreation and tourism complex by types of activities indicates the formation of areas of economic activity and industry directly related to recreation and tourism, such as mass recreation of the population – unorganized and organized, and tourism, the sphere of recreation. Thus, the representation ofrecreation and tourism activity as an inter-branch complex offers new possibilities for forecasting its development and formation of new directions of use of recreational and tourist resources.

scholarly journals Economic activities of enterprises: essence, conceptual paradigm, regulation

2019 ◽  
pp. 104-112
Author(s):  
Oksana Chumak
Keyword(s):  
Economic Activity ◽  
Point Of View ◽  
Social Needs ◽  
Social Significance ◽  
Economic Activities ◽  
Conceptual Approach ◽  
Literary Sources ◽  
Study Results ◽  
Scientific Substantiation ◽  
Definition Of

Introduction. The economy of world is driven by corporations, enterprises of all forms of ownership and entrepreneurs, the basis of functioning which is economic activity, which transforms resources and processes into expected result – profit and satisfaction of social needs. In Ukraine, the normative base, scientific and professional sources interpret and determine the content of economic activity in most part, using the term economic activity (other interpretation), which determines controversy of economic and legal basis for a number of economic transactions. Thus, development of questions of clarifying terminology of economic activity and clarifying the limits of regulation of economic activity of enterprises of various social significance need to be developed. Methods. The research used methods of analysis, synthesis, concretization, which allowed to explore the content components and historical stages of understanding the economy and economic activity; methods of abstraction, logical generalization and comparison – for comparing the concepts of economic and economic (other interpretation) activity, comparison of foreign and domestic experience in the vision of the concept under study; generalization method and abstract methodology – for generating generalizations and conclusions of the study. Results. Meaningful understanding the concept of economic activity is investigated on the basis of the analysis of literary sources and normative acts, its significance from the economic, sociological, philosophical and legal point of view is revealed. The article presents a conceptual approach to the understanding of the definition of economic activity at the micro level. Discussion. Further research in this area should relate to the scientific substantiation of the management of economic activity of enterprises. Keywords. state-owned enterprise, economic activity, management, regulation.

scholarly journals METHODICAL PROVISIONS FOR CREATING AN OUTSOURCING COMPANY (INCLUDING TYPES OF ECONOMIC ACTIVITY AND TAXATION SYSTEM)

2019 ◽  
Vol 21 (3(72)) ◽  
pp. 124-137
Author(s):  
A. SAINCHUK
Keyword(s):  
Economic Activity ◽  
Institutional Support ◽  
The State ◽  
Economic Activities ◽  
Legal Form ◽  
Executive Authority ◽  
Legal Forms ◽  
Definition Of ◽  
Taxation System

Topicality. There is no the central executive authority in Ukraine, which would conduct statistical accounting of outsourcing companies, because there is no methodology which could help to carry out of such powers. In addition, there is no methodology for creating an outsourcing company in Ukraine that would help new players in the outsourcing services market to create their own businesses and provide fast and high quality services. Thus, the development of a single methodology for setting up an outsourcing company in Ukraine is relevant.Aim and tasks. The aim of the article is to develop methodological provisions for creating an outsourcing company within the existing institutional support at the territory of Ukraine. The aim of this article is to research from sixth to sixteenth stages of creating an outsourcing company.Research results. The methodological provisions were developed for creating an outsourcing company. In the article was using the example of practice of law, including types of economic activity and taxation system. Also, the algorithm has been created by the author who could help choose a simplified taxation system correctly.Conclusion. Methodical provisions for creating an outsourcing company consist of sixteen stages. The author provided recommendations for making changes to the classifier of organizational and legal forms of entrepreneur. It was proposed to add an outsourcing company as a new organizational and legal form of entrepreneur in order to improve the existing system of national statistical classifications. The changes will provide the State Statistics Service of Ukraine the opportunity to raise to a qualitatively new level the statistical analysis of outsourcing companies in Ukraine.There is no methodology or instruction for creating a new outsourcing company in Ukraine. The author has developed a methodology for creating the outsourcing company within the framework of institutional support in Ukraine.The situation was researched in the article in detail, such as the outsourcing has been used in the creation of the outsourcing company. Also the algorithm was created the outsourcing company as step by step.The author has identified sixteen stages of creating the outsourcing company. The first article [1] researched from the first to the fifth steps of creating outsourcing company. This article contains of the sixth to sixteenth stages of creating the outsourcing company.Stage 6 - the definition of economic activities. The author identified the types of economic activity in accordance with SC 009:2010 - Classification of types of economic activity using the "top-down" method.Stage 7 - determination of the management body of the outsourcing company. An executive body is created in an outsourcing company: collegial (directorate) or sole (director).Stage 8 - definition of the tax system. Outsourcing companies choose both the general taxation system and the simplified taxation system.Step 9 - determining the location of the company.Stage 10 - submission of documents to the state registrar for establishing of the new outsourcing company.Stage 11 - receipt of seal and electronic digital signature (EDS).Stage 12 - opening the accounts in the bank. An outsourcing company can open current and deposit accounts in a bank.Stage 13 - Contributions. For the implementation of practice of law is a prerequisite is the payment of contributions of lawyersStage 14 - obtaining a license.Stage 15 - obtaining permission. Not all economic activities can be performed only on the basis of the charter. Sometimes this is not enough. Therefore, you need to obtain a license or permit.Stage 16 - implementation of operating activities by an outsourcing enterprise on the example of practice of law. Only the last stage involves the receipt of profit or income of the company. The previous stages involved only expenses. The list of the above steps is not exhaustive. These steps can be supplemented with specific steps. The number of stages may be less or more, depending on the type of outsourcing activity.

scholarly journals Definition of Development Activity as a Separate Type of Economic Activity

2020 ◽  
pp. 234-248
Author(s):  
Yaroslav BLIAKHARSKYI
Keyword(s):  
Economic Activity ◽  
Legal Regulation ◽  
Building Construction ◽  
Economic Activities ◽  
Development Activity ◽  
Distinctive Features ◽  
Separate Type ◽  
Construction Organization ◽  
Definition Of ◽  
Compare And Contrast

The article is devoted to the research of development activities in the field of construction of buildings as a separate type of economic activity. An attempt is made to scientifically compare and contrast the concepts of «development activity» and «economic activity». The absence of legal regulation of development activities is noted, which leads to the uncertainty of legal relations in this area. In particular, this concerns the developer’s choice of the main and additional types of economic activities in accordance with the National Classifier of Ukraine «Classification of Economic Activities DK 009:2010» (hereinafter — «NACE»). The analysis of practice of developer’s choice of the main types of economic activities in accordance with the NACE is conducted in the article. The necessity of defining development activities as a type of economic activity in the NACE is substantiated, since such activities, in terms of their content, today cannot be fully attributed to any of the classes existing in the NACE. To confirm this position, the author reveals the scientific and legislative definition of «construction organization», compares the common and distinctive features of the categories «development» and «organization of building construction». Emphasis is placed on the inconsistency of the concepts used in class NACE 41.10 «Organization of building construction». The article provides arguments that the class of NACE 41.10 «Organization of building construction», although it is determined by the main type of economic activity for developers in practice, but it does not fully cover the content of development activities. Based on the results of the research, it is proposed to amend the class of NACE 41.10 «Organization of building construction» and supplement it with a new paragraph as follows: «organization in the interests of the customer of a set of actions for the development, direct implementation and attraction to financing of projects related to the creation or qualitative transformation of buildings, increasing their market value and investment attractiveness through the comprehensive preparation of a land plot for further development, construction of new or reconstruction of existing buildings (development activities)».

scholarly journals Economic effectiveness of the organization’s economic activities

2020 ◽  
Vol 208 ◽  
pp. 03015
Author(s):  
Anton Chepulaynis ◽  
Svetlana Boronenkova
Keyword(s):  
Sustainable Development ◽  
Economic Activity ◽  
Economic Effectiveness ◽  
Economic Activities ◽  
The Future ◽  
Definition Of ◽  
Growth Indicators

The article examines the theoretical aspects of the economic effectiveness of the organization’s economic activity, presents the author’s definition of the concept. To reveal the essence of economic effectiveness, a systematization and classification of types of effectiveness are given. For each type of effectiveness, specific desired ratios and growth indicators (drivers) are indicated, which ensures the continuity and sustainable development of the business in the future.

scholarly journals Development of the Functional-Sectoral Component of the National Tourist System of Ukraine

2020 ◽  
pp. 19-37
Author(s):  
Alla OKHRIMENKO ◽  
Natallia OPANASIUK ◽  
Natallia PRIYMACHENKO
Keyword(s):  
Multinational Corporations ◽  
Value Chain ◽  
Economic Activity ◽  
Economic Activities ◽  
Transport Services ◽  
Tourism Product ◽  
Private And Public ◽  
Multiplier Effects ◽  
Definition Of ◽  
Effective Development

The development of the national tourist system (NTS) is analysed through the prism of its functional and sectoral component. The main goal is to conceptualize the functional-sectoral component of NTS, due to the intersectoral interaction of economic entities for the production, distribution, sale and organization of consumption of a complex tourist product, as well as the generalization of information and analytical parameters to ensure its effectiveness. Systematization of literature sources and approaches to solving these problems shows that the scientific discourse touches the sphere of functional-sectoral component of NTS very briefly. The relevance of the research is due to the fact that this component of the NTS is the basis of its effective development and ensures the consolidation of various economic activities, the cooperation of which contributes to the formation of synergetic and multiplier effects. The methodological basis of the study is tourism and integration economic theories, the tools of which are able to activate the components of the NTS and their relationships to improve its effectiveness. The object of the research is the process of realization of activity of functional-sectoral component of NTS. Accordingly, a vision of the definition of the functional-sectoral component of the NTS and strategic approaches to its development is presented. They form a functional-sectoral component of NTS: 1) subjects of tourist activity (production of a tourist product); 2) subjects of related types of economic activity; 3) subjects providing economic types of economic activity. The research of the functional-sectoral component of NTS is carried out on the basis of the assessment of the value chain in the tourist system, the basis of which is formed by the subjects of tourist activity, which provide: tourist information services, transport services, tourist accommodation services. It is determined that the market of tourist services of Ukraine is highly concentrated and amplify tendencies of independent planning and booking of travels on the basis of global information and communication services. The role of air transport in the development of NTS has been updated, the operation of which in recent years reflects the positive dynamic results, in particular regarding the diversification of air services and the volume of airports on external and domestic routes. Positive changes in the volume of services in accommodation facilities were also identified against the background of a reduction in their total number, which is explained by the growth of competition in the market and the improvement of the quality of service provision. The basis for the development of the hotel business in Ukraine is the presence on the market of global multinational corporations (TNCs). The contribution of subjects of tourist activity (production of a tourist product) to the consolidated budget of Ukraine is defined through payment of taxes. It is noted that there are problems with a comprehensive analysis of NTS due to the lack of consolidated statistics in state reporting. The research confirms and theoretically proves that the development of NTS and its functional and sectoral component is crucial for the national economy. The pragmatic results of this research should contribute to the intensification of modern and balanced approaches to the management of NTS, based on the values of civil society, democracy, partnership between the state, private and public structures despite the complex conditions of modern Ukraine. Keywords: tourism, national tourism system, functional and industry component, value chain of tourism product.

scholarly journals Methodological Approaches to Assessing the Profitability of Assets

2020 ◽  
pp. 78-81
Author(s):  
Natalia Valerievna Zykova
Keyword(s):  
Effective Management ◽  
Internal Environment ◽  
Economic Activities ◽  
Management Decisions ◽  
Methodological Approaches ◽  
Tax Effect ◽  
Definition Of ◽  
A Company ◽  
Practical Recommendations

The paper examines approaches to assessing the profitability of assets. Based on the study and gen-eralization of scientific works, the definition of the concept of “profitability” is concretized. The ap-proaches to the assessment of profitability are in-vestigated. The relevance of the topic is due to the importance of analyzing the profitability of an enter-prise's assets to determine ways and reserves to improve the efficiency of financial and economic activities. The scientific novelty of this work con-sists in the study of theoretical and methodological approaches to the analysis of profitability, as well as the development of practical recommendations for organizing the analysis of the profitability of assets. It is based on the specification of profits by type and the introduction of indicators, such as the tax effect coefficient and the interest effect coefficient. The proposed algorithm makes it possible to make eco-nomically effective management decisions related to the development of a company in the context of dynamically changing factors of both the external and internal environment.

scholarly journals Działanie na własny rachunek a pojęcie działalności gospodarczej

2019 ◽  
Vol 28 ◽  
pp. 37-52
Author(s):  
Konrad Kopystyński
Keyword(s):  
Economic Activity ◽  
Economic Activities ◽  
Legal Definition ◽  
Definition Of ◽  
Legal Concepts

Celem artykułu jest analiza okoliczności wykonywania działalności gospodarczej na własny rachunek w kontekście przesłanek definiujących działalność gospodarczą w rozumieniu ustawy — Prawo przedsiębiorców. Wykonywanie działalności gospodarczej na własny rachunek nie jest wprost wymienione jako jedna z przesłanek działalności gospodarczej. Jak jednak wskazuje się często w doktrynie, wynika ona z innej przesłanki, mianowicie wykonywania działalności gospodarczej we własnym imieniu. Autor w treści artykułu polemizuje z tym poglądem. Dokonuje porównania kolejnych historycznych definicji działalności gospodarczej i  przedsiębiorcy pod kątem występowania w nich pojęć wykonywania działalności we własnym imieniu i na własny rachunek. Następnie analizuje obydwa pojęcia w zakresie ich występowania w przepisach innych ustaw oraz przedstawia prezentowane w piśmiennictwie definicje działania we własnym imieniu i na własny rachunek. W rezultacie wskazuje, że należy rozróżniać pojęcia wykonywania działalności gospodarczej we własnym imieniu i na własny rachunek. Dochodzi do wniosku, że działanie na własny rachunek nie powinno być co prawda uznawane za przesłankę działalności gospodarczej, w praktyce jednak cechuje każdą działalność gospodarczą, wykazując daleko idące powiązania z przesłanką zarobkowego charakteru działalności gospodarczej. Acting on one’s own account and a legal definition of economic activityThe subject of this article is an analysis of performing economic activity on one’s own account in the context of premises of economic activity within the meaning of the entrepreneurs law. Performing economic activity on one’s own account is not literally indicated as one of the premises of economic activity. In doctrine, it is often emphasized that performing economic activity on one’s own account results from one of the legal premises, that is, performing economic activity one one’s own behalf. The author of the article discusses that opinion. He compares historical definitions of economic activity and of an entrepreneur which were included in successive laws within the scope of the presence of concepts related to performing economic activity on one’s own account or on one’s own behalf. Subsequently, the author analyzes both legal concepts in the scope of their presence in different laws and he introduces definitions of performing on one’s own account and on one’s own behalf that are present in the literature. In conclusions, he indicates that it is necessary to distinguish between performing an economic activity on one’s own behalf and on one’s own account. He concludes the performing an economic activity on one’s own account should not be considered as a legal premise of economic activity. However, in practice it is characteristic of all economic activities and it is related to the commercial character which is one of the legal premises of economic activity.

scholarly journals The EU sustainable finance taxonomy regulation

2020 ◽  
Vol 7 (4) ◽  
pp. 386-411
Author(s):  
Katalin Dobránszky-Bartus ◽  
Jens Valdemar Krenchel
Keyword(s):  
Financial Services ◽  
Economic Activity ◽  
Quantitative Research ◽  
Economic Activities ◽  
Screening Criteria ◽  
Significant Harm ◽  
Sustainable Finance ◽  
European Standards ◽  
Definition Of ◽  
The Eu

In this article, we look at the Taxonomy Regulation, which entered into force in June 2020. We describe the requirements for investments and listed companies to have their economic activities labelled green, conditional on not violating safe-guards against doing significant harm to social or human rights. We find that the Taxonomy Regulation is a hybrid regulation, which aims at influencing business activities through regulation of financial services. The relevance of this article for finance research is not least to make clear the bias, or research premise, that will be introduced into any quantitative research on green premiums (the so-called greemiums) of EU financial services and listed shares and bonds after 1 January 2022, when the technical screening criteria of the Taxonomy Regulation enter into force and complete the definition of what con-stitutes sustainable or green economic activity. To a large extent, this will serve to make cross-European comparisons of greemiums (green premiums) easier as data on what is green will be based on European standards. Others might argue that legislating a definition of what is considered green or sustainable should be left to the market, for better or worse.

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