FINANCIAL STATUS AND PROSPECTS OF ECONOMIC DEVELOPMENT OF THE OUTSOURCING ENTERPRISE

2018 ◽  
Author(s):  
Olga Batrak ◽  
◽  
Nataliia Flentei ◽  
Keyword(s):  
Economic Development ◽  
National Economy ◽  
External Environment ◽  
External Factors ◽  
Financial Status ◽  
Financial Condition ◽  
Current State ◽  
New Ideas ◽  
Internal And External Factors ◽  
Comprehensive Study

The current state of the national economy means that businesses need to constantly look for ways to improve their efficiency and find new ideas to address their shortcomings. The problem of improving the financial condition of the enterprise and finding ways to improve the financial condition of the enterprise is primarily related to the mechanism for assessing the financial condition of the enterprise. The study of the financial condition of the enterprise gives an advantage to the business entity among competitors, allows to identify shortcomings in the activities of the enterprise and to form methods to improve its activities. Both internal and external factors have a significant impact on the financial condition of the enterprise. Since the internal and external environment is constantly changing, so business is characterized by uncertainty. The article considers the specifics of the analysis of the financial condition and prospects of economic development of the outsourcing company. The author generalizes the concept of "financial condition of the enterprise" and substantiates the importance of a comprehensive study of its evaluation indicators. Based on the analysis of the financial condition of Corplex LLC identified promising ways of economic development of the studied outsourcing company.

Development Lessons from the Korean Experience—A Review Article

1982 ◽  
Vol 42 (1) ◽  
pp. 91-104 ◽  
Author(s):  
David I. Steinberg
Keyword(s):  
Economic Development ◽  
Economic Change ◽  
Review Article ◽  
Harvard University ◽  
External Factors ◽  
Development Model ◽  
Social Scientists ◽  
Development Institute ◽  
Internal And External Factors ◽  
Developing Society

The Harvard University–Korea Development Institute eight-volume study of Korean economic development from 1945 to 1975 represents what is probably the single most comprehensive attempt to document economic change in a developing society. Although the volumes concentrate on economics, important omissions are evident, most of them because of the dearth of contributions from noneconomic social scientists and the orientations of the sponsoring institutions. Donors may be strongly tempted to view Korea as a development model, but a variety of internal and external factors make this approach inappropriate.

Analysis of the Key Success Factors of Innovative Com-Panies

2015 ◽  
Vol 4 (2) ◽  
pp. 60-63
Author(s):  
Линькова ◽  
N. Linkova ◽  
Меркушева ◽  
A. Merkusheva
Keyword(s):  
Organizational Structure ◽  
Success Factors ◽  
External Factors ◽  
Key Success Factors ◽  
Current State ◽  
Leadership Motivation ◽  
System Leadership ◽  
Enterprise Innovation ◽  
Internal And External Factors ◽  
Developing System

Today, any company which wants to remain competitive, needs to get rid of stereotypic vision of daily processes and traditional business. It is important to fi nd new non-standard, eff ective solutions and to competently introduce them. Internal and external factors held responsible for enterprise’ innovation activityare identifi ed on the basis of current scientifi c approaches. Authors develop a companyanalysis model, which includes elements of 2S-system (self-organizing, self-developing system) — leadership, motivation, training, organizational structure and culture, and related key success factors.The key success factors were analyzed for a group of companies. The article presents the results of the research, describes the current state of each parameter, and gives recommendations are.

scholarly journals ANALISIS FAKTOR-FAKTOR INTERNAL YANG MEMPENGARUHI PEMBIAYAAN USAHA MIKRO KECIL DAN MENENGAH (UMKM) PADA BANK SYARIAH DI INDONESIA

2016 ◽  
Vol 2 (1) ◽  
Author(s):  
Risna Destiana
Keyword(s):  
Time Series ◽  
Economic Development ◽  
External Factors ◽  
The Other ◽  
Third Party ◽  
Business Unit ◽  
Limited Data ◽  
Internal Factors ◽  
Regression Test ◽  
Internal And External Factors

It is a fact that the UMKM’s are resistant due to monetary crisis in Indonesia. It proves UMKM’s significant and important roles of the economic development in establishing employment, improving National Gross Domestic Product and developing national industries. Because of these potentials of UMKM’s, banks should provide assistantships by providing their loan as financial aids. It is however, influenced by some factors such as internal and external factors. The aim of this research was to analyze the influence of internal factors which refers to internal bank condition such as third party funds (DPK), capitals, profitability, risk and liquidity toward UMKM’s at syaria banking in Indonesia. The data of the study were taken from general syaria bank (BUS) and syaria business unit (UUS) which were provided in the syaria banking statistic from Indonesian central bank (official website of BI) from 2008 up to Juni 2013. Due to the limited data provided in syaria banking statistic, the 2008 and 2009 data were three-monthly: March, June, September and December while the 2010 to Juni 2013 data were monthly. Thus, there were 50 time series of observation. The data were analyzed by using regression provided in 17.0 ver. SPSS. The result of regression test shows that internal factors which significantly influenced UMKM’s finance at syaria banking were the DPK and liquidity, whereas the other factors such as the capital, profit and risk had no significance on the financing UMKM’s. 

Modern Factors of Economic Development

2019 ◽  
Vol 6 (6) ◽  
pp. 4-7
Author(s):  
В. Бабанов ◽  
V. Babanov
Keyword(s):  
Economic Development ◽  
Economic Activity ◽  
Central Place ◽  
External Factors ◽  
Production Distribution ◽  
Integral Effect ◽  
Internal And External Factors ◽  
Traditional Economy ◽  
Main Factor

The economy as an economic system is under continuous influence of numerous internal and external factors; it is the integral effect of these factors on the processes of economic activity; the Central place in the economy belongs to the processes of production, distribution and consumption of produced and traded in this system are good; the behavior of the consumer depends on many factors, but the main factor here is the utility of the consumed good; new factors that should be considered as problems on the way to economic development are becoming more and more evident; the first of these factors is the transformation of the traditional economy into a digital one; the organization of people’s activities is becoming an increasingly acute problem; the role of man in the key areas of the economy today: production, circulation, consumption — will weaken.

Sewer system design moving into the 21st century – a UK perspective

2007 ◽  
Vol 55 (4) ◽  
pp. 273-281 ◽  
Author(s):  
R.M. Ashley ◽  
S.J. Tait ◽  
E. Styan ◽  
A. Cashman ◽  
B. Luck ◽  
...  
Keyword(s):  
21St Century ◽  
External Factors ◽  
Sewer System ◽  
Integrated Water Management ◽  
Industry Research ◽  
Current State ◽  
Sewer Systems ◽  
New Ideas ◽  
The Uk ◽  
Levels Of Service

Change in external factors, such as environmental legislation and climate change, will mean the future of sewerage systems is likely to be different from the past. Combined sewerage systems comprise the vast majority of existing sewers in countries such as the UK. A study funded by UK Water Industry Research Ltd has reviewed the current state of sewerage within the UK, the likely drivers for change and the consequent future impacts over a 75 year timescale. Potential responses to address the anticipated changes have also been considered. It is concluded that due to the wide extent and value of existing sewer systems, these will continue to be used for the foreseeable future. However, in order to meet the major challenges as a result of changing external factors, these need to be operated more effectively, new ideas need to be explored and moves to develop better and more integrated water management systems need to be started if sewer systems in the UK are to provide the anticipated required levels of service well into the 21st Century.

scholarly journals Theoretical essence and value of the financial stability of the enterprise

2020 ◽  
pp. 25-29
Author(s):  
Oksana VINNYTSKA ◽  
Liudmyla CHVERTKO ◽  
Tetiana KORNIIENKO
Keyword(s):  
Financial Stability ◽  
External Factors ◽  
Theoretical Research ◽  
Financial Condition ◽  
Current Period ◽  
The Future ◽  
Margin Of Safety ◽  
Business Entities ◽  
Definition Of ◽  
Internal And External Factors

Introduction. The solution of modern problems of stabilizing the national economy, ensuring the social development of society is possible only on the basis of positive shifts, primarily in the aspect of strengthening the financial condition of business entities. One of the important components of the analysis and management functions is to ensure the stable development of the enterprise and its financial stability. The concept of financial stability is complex and multifactorial, which is determined by the economic environment in which the enterprise operates, as well as the results of its functioning, the ability to actively and effectively respond to changes in internal and external factors. The purpose of the paper is in the study of the economic essence of financial stability, its determining factors, as well as the development of recommendations for improving the methodology of its management. Results. The financial stability of an enterprise is a complex, multifactorial category. The philosophy of the definition of the economic category “financial stability” provides for consideration as a reproduction process. This category characterizes the economic relations that make up the financial mechanism for ensuring the progressive socio-economic development of the enterprise. The analysis of theoretical research allows us to identify five approaches of scientists to determine the essence of financial stability. These approaches differ in the completeness of the characteristics of the financial condition of the enterprise. The variety of approaches indicates the ambiguity of the authors' definition of the concept of financial stability. Each author interprets this economic category from the standpoint of the goals and objectives of its research. The complexity of the category of financial stability of business entities lies in its essence, displaying the level of the financial condition and financial results of the enterprise, the ability to fulfill its obligations and ensure the development of the enterprise while maintaining credit and solvency, relative independence from changes in internal and external factors. A quantitative characteristic of financial stability is a margin of safety, which is determined by the structure of property and capital and ensures financial independence and solvency in the current period and in the future. It is this definition that determines such a logic for assessing financial stability as a sequence with varying degrees of detail in the consideration of all processes associated with the movement of financial resources, which are expressed in a change in the structure of property and capital. Conclusion. In general, the analysis of theoretical approaches to assessing financial stability and their generalization allows us to conclude that the financial stability of economic entities should be considered as a complex category, reflecting the level and structure of financial condition and financial results, the ability to fulfill their obligations and ensure the development of activities, while maintaining credit and solvency. It is also universal that the quantitative characteristics of financial stability should be considered a margin of safety, which the company, due to the structure of property and capital, and also ensures independence and solvency in the current period and in the future.

scholarly journals ECONOMIC ASSESSMENT OF THE CURRENT STATE OF AZERBAIJAN’S INDUSTRIAL ENTERPRISES

2021 ◽  
Vol 11 (07) ◽  
pp. 87-97
Author(s):  
Natavan Ibrahimova Natavan Ibrahimova
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
National Economy ◽  
Industrial Development ◽  
Evolutionary Development ◽  
Innovative Development ◽  
Investment Activity ◽  
Industrial Enterprises ◽  
Current State ◽  
The Republic

The article shows that Azerbaijan belongs to modern countries with a high rate of economic development, therefore, at the current stage of evolutionary development as a state, it has embarked on the path of a new level of improvement. This shows how in recent years the economic situation in the republic has contributed to significant economic growth, an increase in the level of both the social welfare of the state and the modernization of the socio-economic infrastructure of the republic as a whole, resulting in a diversified structure of the economy. The article reveals an assessment of the current state of industrial enterprises in Azerbaijan, as well as an analysis of the directions and trends of their development. The assessment of the current state was carried out by studying resolutions, orders, acts, strategies for long-term economic development and other documents with the help of which it is possible to assess the quantitative composition of industrial enterprises. The determination of trends in the development of industrial enterprises was carried out using the analysis of the "Main directions of the Strategic Roadmap for the National economy and the main sectors of the economy", approved by the decree of the President of the Republic of Azerbaijan Ilham Aliyev on December 6, 2016. The analysis carried out in the article made it possible to determine the priority directions of sustainable development of industrial enterprises, more precisely: improvement of production; scientific, technical and innovative development; implementation of programs specified in the concept of the "Strategic Roadmap for the development of the national economy", etc. The main priority of industrial enterprises is innovative development, which includes all of the above, and NTR is presented here as a certain "layer", a means of realizing prospects. Based on the above, a logical chain of the main directions of development of industrial enterprises is constructed and their justification is given. The article reveals the investment activity of the country's economy, as well as analyzes the level of foreign investment. At the end of the article, the key directions of the formation of the innovative economy of the country are indicated, the priorities of industrial development and conclusions regarding them are indicated. Keywords: industry, business, non-oil sector, machine-building complex, sustainable development, pandemic, investment, diversification, development strategy, innovation.

scholarly journals Foreign Trade of the Republic of Belarus in the International Business Environment

2019 ◽  
Vol 44 (44) ◽  
pp. 47-55 ◽  
Author(s):  
Olena Hrechyshkina ◽  
Maryia Samakhavets
Keyword(s):  
Foreign Trade ◽  
International Business ◽  
International Markets ◽  
Business Environment ◽  
External Factors ◽  
Foreign Markets ◽  
Current State ◽  
The Republic ◽  
Internal And External Factors ◽  
Further Development

AbstractThe aim of the paper is to assess the current state, problems and prospects for the development of foreign trade in the Republic of Belarus in the international business environment. The evaluation of foreign trade indicators is based on information from different sources and on comparative economic analysis research methods. Our results indicate the export-oriented economy of the Republic of Belarus, and its dependence on the state of foreign markets and the international business environment. The identified problems in the development of Belarusian merchandise exports are due to the orientation towards primary products, and to poor diversification of products and geographical destination. Particular attention is paid to the internal and external factors restraining exports from the Republic of Belarus. Further development requires the full use of the Belarusian export potential and the implementation of measures to promptly resolve the export difficulties on international markets that stem from internal and external factors.

scholarly journals Analisis Faktor-Faktor Penentu Tata Kelola Pemerintahan Di Pemerintah Kota Surabaya Periode Kepemimpinan Tri Risma Harini Tahun 2015-2020

2021 ◽  
Vol 5 (02) ◽  
pp. 239-248
Author(s):  
Muhammad Quranul Kariem ◽  
Noor Ishmatuddin
Keyword(s):  
Economic Development ◽  
Literature Review ◽  
Research Method ◽  
Good Governance ◽  
External Factors ◽  
City Government ◽  
Qualitative Descriptive ◽  
Internal And External Factors ◽  
Descriptive Method

The Surabaya City Government under the leadership of Tri Risma Harini in the 2015-2020 period has shown various successes with indicators from the economic, development, and environmental sectors. The research method used in this study is a qualitative descriptive method with a literature review approach. The results showed that several internal and external factors of government greatly influenced the development of good governance, which had an impact on the success of governance.

scholarly journals MANAGEMENT OF FINANCIAL SUSTAINABILITY OF THE ENTERPRISE AND ITS FEATURES IN THE FIELD OF SMALL RESTAURANT BUSINESS

2021 ◽  
Vol 5 (1) ◽  
pp. 1-14
Author(s):  
N. Hembarska ◽  
◽  
Kh. Danylkiv ◽  
L. Kvasnii ◽  
◽  
...  
Keyword(s):  
Financial Management ◽  
Small Businesses ◽  
Financial Stability ◽  
Large Scale ◽  
External Factors ◽  
Small Enterprise ◽  
Financial Sustainability ◽  
Sustainability Management ◽  
Financial Condition ◽  
Internal And External Factors

Purpose. The purpose of this study is to analyze the theoretical foundations of financial sustainability management and their practical application in the field of small restaurant business, improve methodological approaches and develop recommendations for the concept of financial sustainability management to overcome existing problems in today’s conditions. Design/methodology/approach. In the article the authors used the methods of induction, deduction, theoretical generalization to clarify the essence of financial stability from the standpoint of different authors and formulate a generalizing concept used to determine the basic principles of financial stability management, its tasks, components and the sequence of their application in the formation of the concept of managing the financial stability of a modern enterprise; observation, causation, description, specification, formalization – to analyze the problems of choosing the method on the basis of which the calculation of the main indicators of financial stability of the enterprise, as well as interpretation of the data to be used for small businesses, their calculation and the desired trend of change, the characteristics of the accounting support of this process; dialectical, modeling, generalization – to develop recommendations for improving the methodology and organization of the process of managing the financial stability of a small restaurant business. Conclusions. It is hypothesized that improving the methodology and organization of financial sustainability management of small restaurants allows to generate quality information space and sufficient resources to ensure a high degree of financial independence and a stable financial condition in which performance will improve or not deteriorate. changes in internal and external factors. It is proposed and substantiated to implement the concept of financial stability management of the enterprise taking into account the time factor in three levels: strategic, tactical and operational. It is noted that in modern conditions entrepreneurs in the field of small business need educational and training services for financial management, in particular, their financial stability, and the most important and most accessible element of financial stability of the enterprise in the short term is its budgeting system. Practical implications. The results of this study are of interest to small restaurant businesses that address financial sustainability management in quarantine, as quarantine and coronavirus (COVID-19) have caused large-scale economic upheaval, forcing entire businesses to adapt to new, more complex realities. In addition, the results can help identify weaknesses in marketing and finance; the most common causes of bankruptcy; internal and external factors that affect the financial stability of small restaurant business. The paper highlights the features and substantiates the main ways to overcome possible problems of managing the financial stability of small restaurant business. Originality/value. This study contains a description of the main parameters of managing the financial stability of the enterprise in terms of management levels; reveals the characteristics of modern small restaurant business and the problems that arise in the process of managing its financial stability; contains proposals to ensure the financial stability of a small enterprise, namely, it is proposed to pay attention to three main components: the efficiency of use and increase of equity; ensuring solvency by regulating the size and structure of property and capital of the enterprise; ensuring liquidity of assets.

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