scholarly journals Developing and testing a methodology to assess the economic sustainability of a seaport operator

2021 ◽  
Vol 20 (5) ◽  
pp. 924-958
Author(s):  
Ol'ga N. BABURINA ◽  
El'dar A. SADYKOV

Subject. The article addresses the problem of economic sustainability of seaport operators. Objectives. The purpose is to develop and test a methodology for assessing the economic sustainability of a seaport operator. Methods. The study draws on methods of systems, structural, functional, positive, normative, comparative, and statistical analysis, the weights method, pairwise comparison, expert assessment, etc. Results. We developed a five-stage algorithm for integrated assessment of economic sustainability of a port operator based on the main functional components, i.e. production, resource-and-technology, investment, finance, and business sustainability. We tested our methodology, using the case of AO Novoroslesexport, the leading stevedore of the Azov-Black Sea Basin. The methodology can be used for port operators of other sea basins; its results may be helpful for company management, shareholders, banks, service consumers, seaport authorities, regional authorities, and other interested parties. Conclusions. Our methodology may become an effective tool to manage a port operator and determine its intra- and inter-port competitive ability. It enables to track threats affecting the economic stability and take timely action to eliminate them. It creates information base for making management decisions and strategic plans for a stevedoring company.

Author(s):  
Vitalii NITSENKO ◽  
Yuriy I. DANKO

The aim of the study was to develop theoretical, methodological and practical foundations for achieving the economic sustainability of dairy products by enterprises. The structure of the dairy subcomplex in terms of supply chain management is disclosed. This methodological approach made it possible to outline the external environment of the milk production and the dairy industry as a whole. We consider the category «economic sustainability» as the system ability to maintain its working condition in order to achieve the planned results in the presence of various perturbation effects (destabilizing internal and external factors). The starting point was the hypothesis that the economic sustainability of the dairy subcomplex as a whole depends on the economic sustainability of milk production entities (agricultural enterprises and households). Comparing the profitability level that has the potential to provide dynamic economic stability with the average in the dairy industry proves - without active state support the dairy industry in Ukraine is in danger of phasing out. The analysis of economic practices in Ukraine (in particular, data of the State Statistics Service) allowed to formulate the author's vision of the directions of achieving the dairy sub-sector of the state of dynamic economic stability. They include: the development of industrial dairy cattle as opposed to the dominance of small-scale production; changes in pricing policy, as well as the calculation of government subsidies by reformatting approaches to determining the cost of milk production, which will allow to adjust the reproduction system of own livestock and will increase the profitability of the dairy industry; achievement of higher quality of dairy raw materials by means of logistical re-equipment of farms, improvement of personnel qualification, provision of high sanitary standards, improvement of veterinary services; diversification of milk distribution channels in order to reduce the market power of the processing industry enterprises. Key words: milk production, economic sustainability, dairy subcomplex, industrial cattle breeding, dairy cattle breeding.


Author(s):  
Andriy Lyubenko ◽  
Ruslana Shurpenkova ◽  
Oksana Sarahman

Introduction. In market conditions, the successful operation of the enterprise largely depends on the level of stability of its financial condition. If the company is financially stable, it has a number of advantages over other companies of the same profile to obtain loans, attract investment, in the selection of contractors and in the selection of qualified personnel. The higher the financial stability of the company, the greater it is regardless   of changes in market conditions and, consequently, the lower the risk of bankruptcy. Therefore, the strategic goal of any business is to ensure financial stability.If the company is financially stable, solvent, it has a number of advantages over other companies of the same profile in obtaining loans, attracting investment, in choosing suppliers and in the selection of qualified personnel. The higher the resilience of the company, the more it is independent of unexpected changes in market conditions and, consequently, the lower the risk of bankruptcy.Purpose. To develop theoretical and methodological approaches to ensure the financial stability of enterprises based on the use of financial analysis tools.Methods. The study was conducted using general and special methods of cognition: observation, statistical, logical and comparative analysis, grouping, generalization and classification, systemic and structural approaches. The total analytical potential of the tools used ensured the reliability of the conclusions and recommendations obtained in the study. Results. The essence and significance of the financial stability of the enterprise are revealed, the directions of strengthening the financial stability of the enterprise by effective use of the tools of financial analysis are outlined. The main functional components that determine the economic stability of the enterprise and a system of measures that provides a timely response to deviations from the planned values of economic stability of the enterprise are identified.Prospects for further research. Prospects for further research are to deepen the methodological foundations of ensuring the financial stability of the enterprise through the tools of financial analysis and the formation of strategies and tactics to ensure the financial stability of enterprises.


2019 ◽  
pp. 165-172
Author(s):  
Olga Oleynik ◽  
Irina Borisova

As today’s challenges require more innovations and a faster progress regionally and nationwide, the research and development products are increasingly in demand, competition is high, manufacturing relations globalize, assessing the effectiveness of the management system of achieving financial stability of engineering companies becomes especially important. The article explains why engineering companies should change from the operational management to the strategic one. It also gives the comparison of the operational and strategic management. The paper suggests the comprehensive assessment of the strategy of achieving financial stability. It is seen as a tool for regulating financial and business operations of engineering companies. The article provides the system approach to the definition of the main measures for achieving financial stability of engineering companies. It justifies functional components of the strategy such as finance, marketing, HR, production, research and development ones. The inclusion of research and development component into the strategic plans will allow reducing the expenditures of an engineering company which allow keeping competitive positions not only in the domestic market but also in the external market (competition with foreign organizations). The comprehensive assessment of the strategy of achieving financial stability of an engineering company comprises three steps: analyzing the economic and social conditions of the engineering company, evaluating the progress of the adopted strategy, and monitoring its implementation. In order to determine necessary adjustments in the strategy of achieving financial sustainability the authors propose a model of assessing the strategic financial position of an engineering company which will allow monitoring the criteria of financial components of the strategy. On the basis of the comprehensive assessment of the strategy of achieving financial sustainability of an engineering company the authors developed the matrix facilitating the identification of potential strategic approaches.


2021 ◽  
pp. 28-30
Author(s):  
Svitlana VYHANIAILO

The paper is devoted to the study of the problem of economic security of e-commerce in Ukraine. The tools of economic security implementation that influence the formation of the economic strategy of Ukrainian enterprises, the main activity of which is e-commerce, are considered and analyzed. Measures for effective implementation of tools for determining the degree of security of e-commerce information system are proposed. Identifying new methods of economic security research will help increase economic stability and reduce the vulnerability of Ukrainian enterprises. The purpose of the paper is to determine the process of calculating the security of the e-commerce information system, and to determine the vulnerability of the system. The purpose of the security system as a whole is to identify and prevent dangers and threats, to ensure the security of e-commerce enterprises and to achieve business goals. Determining the degree of security of the e-commerce information system is conducted in two directions: analysis of existing types of technical means of storing and protecting information; and expert assessment of losses from threats. To effectively achieve the economic security of e-commerce, it is necessary to use a variety of techniques and the latest technologies to identify and prevent various sources of threats. This will make it possible to build a system of protection against the violation of the integrity of the economic system. Provide tools to reduce risks and external pressures on the business environment. It will allow to build an effective control system and attract additional control methods. The dynamics of e-commerce development and the degree of its integration into the economy encourage additional research in the direction of reducing risks and achieving economic security.


Author(s):  
Boris Grinchel ◽  
◽  
Evgeniya Nazarova ◽  

The article discusses the competitive attractiveness and improvement of the characteristics of the regions’ social and economic space that may attract resources and consumers. Competitiveness in such progress ensures the acceleration of the overall development of the country and individual territories. The article substantiates and tests by data from the Russians regions of the Southern Federal District the hypothesis that an increase in certain characteristics of competitive attractiveness in areas which are relevant for a given region and currently in demand by external and internal consumers can be identified and selected as the goals of strategic plans the achievement of which can be controlled and monitored. The aim of the study is to develop and test a methodology for assessment and analysis of the competitive attractiveness of the regions for the selection of their target development priorities. The goal is implemented by means of developing methodological tools and testing through the analysis of the competitive potential of territories. The methodology is based on a set of social and economic factors such as economy, innovation and quality of life. In order to take into account the interdependence of factors while developing strategic plans, the authors provide a matrix of correlations of estimates according to the innovation factor of the competitive potential with the estimates of other factors and an integrated assessment of the factors mentioned above. The analysis of the assessments of regions’ competitive attractiveness made it possible to come to the conclusion that the greatest lag and differentiation in terms of indicators among territories is observed in the regions of the South of Russia from the point of view of the innovation potential and innovative attractiveness. Regional authorities can take into account the results of this research while developing strategies for the regions.


2021 ◽  
Vol 7 (3) ◽  
pp. 37-45
Author(s):  
Svitlana Birbirenko ◽  
Galina Tolkachova

The COVID-19 pandemic has ultimately changed the course of global economic functions, including the Ukrainian ones. The consequences caused by the pandemic significantly affected companies’ economic sustainability and reflected the urgent need to assess economic sustainability in order to determine its level and further develop theoretical and methodological aspects of Strategic Enterprise Management. This article is aimed at developing a scientific and methodological approach to comprehensively assess the economic stability of a telecommunications company that operates under modern market conditions. Methods. A study was conducted within the scope of existing techniques used to assess economic stability and, thus, the lack of generally accepted assessment methods was observed. A set of indicators to assess the economic stability of the telecommunications company was formed through financial analysis, taking into account the industry practices of communications service provider’s functioning. Comprehensive assessment of the economic stability of telecommunications companies was carried out using a statistical data analysis technique – regression analysis. 2016-2020 financial reports and statistical data provided by examined communications service providers from the State Statistics Service of Ukraine and the National Commission of Ukraine for the State Regulation of Communications and Informatization were used as outcoming data. Study results. As part of the study, the existing assessment methods were analyzed, which made it possible to organize, systematize, and identify their advantages and disadvantages. A set of indicators to assess economic stability of a telecommunications company was formed, indicating the selection criteria and identifying dependence on the presence of a communications service provider at a certain stage of its business development. A scientific and methodological approach to a comprehensive assessment of the economic stability of telecommunications companies taking into account their industry characteristics has been developed. Conclusions. The created scientific and methodological approach to assess economic stability of the telecommunications company comprehensively makes it possible to determine the level of economic stability depending on the stage of business development of a company. The assessment performed is a key factor that must be taken into account when developing strategic management of a company that operates in the context of market transformations.


2018 ◽  
Vol 10 (5/1) ◽  
pp. 131-136
Author(s):  
Inna YURCHENKO ◽  
Mariya DONTSOVA ◽  
Natalia YURCHENKO

The paper presents the main methodological approaches to the study of sub-regional models of the conflict process in the South of Russia. The author substantiates and emphasizes the importance of scenario comparative method and social modeling, focuses on the use of interdisciplinary scientific tools, as well as the integrated concept of J. Galtung. The article discusses in detail the problems of studying and ensuring the security of the political and economic structure of the sub-region, pays attention to conceptual approaches to determining the degree of stability of its main functional components in crisis situations, as well as in the context of the escalation of geopolitical and socio-economic conflicts, the growth of migration flows and information warfare in the global space. In this study, the authors provide an argument for the causes of the emergence and escalation of the sub-regional conflict process on the basis of the analytical axiology of the multi-ethnic region. In the process of interpretation of the concept of “sub-regional model” the possibilities of scientific modeling and forecasting of scenarios of sub-region development on the basis of functional analysis of structural elements of this community are analyzed. The article also describes the main problems of implementation of the strategy of management of regional conflicts (including the role of regional ethnic elites in the formation of the conflict process), outlines the priorities and principles of this strategy, in particular the development of personnel policy and increasing the structural responsibility of the sub-regional authorities. The authors emphasize that on the basis of the most effective research practices and options for justifying the actualized evolutionary paradigms it is possible to implement the scientific and management model of correction and creation of a new, more equitable reality and to ensure the viability of the social system and favorable prospects for development


Author(s):  
Kevin Christianto ◽  
Leonard Davinci ◽  
Titus Zefanya Ivgantius ◽  
Yosep Prasetyo Setiawan ◽  
Timothy Jason Andreas

Information technology is an important part for companies or institutions as a thing that can support the achievement of strategic plans to achieve the goals of vision, mission and corporate goals PT.Central Mega Kencana. By increasing the role of information technology, investment in information technology is getting bigger and more complex in its management. Therefore To organize, evaluate the required information technology governance by using standardized obeject approach. The governance of this information system audit is done using the AI (acquired and implemented) Cobit 4.1 framework and the final result of this analysis yields how far the level of maturity level governance maturity and recommendations for PT. Central Mega Kencana proposed.


Author(s):  
Марина Сумарокова ◽  
Marina Sumarokova ◽  
Н. Гущенская ◽  
N. Guschenskaya

Abstract. Purpose. Development and testing of methods for determining the integral indicator of economic security of agricultural organizations. Methodology and methods. The methodology is based on the assessment of the following types of functional components of economic security: financial, technological, personnel, production, resource. For each type of selected system of indicators that reflect the status and efficiency of their operation. In order to avoid random fluctuations, a sample of indicators for 3 years was made, followed by averaging. Each system of indicators is in the process of normalization. All this makes it possible to bring the system of heterogeneous indicators to a single base, and, therefore, makes it possible to integrate their effects. Taking into account the importance of each indicator involved in the calculation, an integral estimate is formed for each group of indicators, and then – by simply summing – an integral indicator of economic security. Results and scope. The method was tested according to the annual reports of agricultural organizations of the Kurgan region. The sample was made for three years in the regions of the region. The calculations allow to rank the territory according to the level of economic security and its functional components. Moreover, the method allows to identify the most vulnerable types of economic security, and, therefore, to properly develop a set of measures to eliminate threats. Scientific novelty. The advantage of this approach is the ability to determine the level of economic security, as a separate economic entity, and a certain territory. In this case, the system of indicators included in the model may vary depending on the purpose of the study, the composition of the functional components. The used mathematical tools, information base make the methodology available for application, analytical research.


Author(s):  
V. Havran ◽  
◽  
R. Kalmuk ◽  

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.


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