scholarly journals Algorithm for making management decisions on the use of outsourcing by entrepreneurial structures

2021 ◽  
Vol 9 (1) ◽  
pp. 216-220
Author(s):  
Irina Truschenko
Keyword(s):  
Economic Crisis ◽  
Business Processes ◽  
Financial Resources ◽  
Economic Downturn ◽  
Management Decisions ◽  
Managerial Decision ◽  
Coronavirus Infection ◽  
Business Structures

Due to the economic downturn and high competition in the market, business structures are constantly looking for ways to optimize financial resources, as well as ways to increase their profits. Thus, a number of business structures use outsourcing as one of the effective tools for managing their resources. The transfer of individual business processes can allow the entrepreneurial structure to focus on strategically important areas of activity, due to which the profit of the entrepreneurial structure can be increased. According to the author's observations, the functioning of any business structures in the conditions of the economic crisis and the situation that has developed in connection with the spread of the new coronavirus infection COVID-19, outsourcing is a very relevant tool to increase competitiveness in the market. The article discusses the developed algorithm for making management decisions on the use of outsourcing by entrepreneurial structures. The process of making management decisions regarding the use of outsourcing is associated with a number of risks. The algorithm proposed by the author can help to minimize the risks arising when making a managerial decision on the use of outsourcing by entrepreneurial structures.

Modeling management decision making in the socially oriented business structures

2021 ◽  
Vol 96 (3) ◽  
pp. 78-86
Author(s):  
L. I. Kulakova ◽  
◽  
A. V. Polyanin ◽  
V. V. Tarnovskiy ◽  
◽  
...  
Keyword(s):  
Mathematical Models ◽  
Management Decision ◽  
Phase System ◽  
Management Decisions ◽  
Managerial Decision ◽  
Two Phase ◽  
Managerial Decisions ◽  
Non Linear ◽  
Management Decision Making ◽  
Business Structures

The article discusses the main economic and mathematical models used in making and implementing management decisions. It has been established that the beginning of making a managerial decision is determined by the nature of solution of managerial problem: creative and standard, implementation of a managerial decision is subordinate to the certainty of the result, that is, its probabilistic or deterministic outcome. The procedure and modeling of the process of making and implementing management decisions will be linear or non-linear. On this basis, the types of mathematical models for solving managerial problems are considered when making and implementing managerial decisions to optimize the chosen option. The author's model is proposed based on a two-phase system from the theory of queues with elements of nonlinear programming for making and implementing managerial decisions in socially oriented business structures. The model includes a combination of linear and non-linear programming. Since when conducting business, socially oriented entrepreneurial structures are aimed at obtaining two types of effects, both commercial and social.

scholarly journals Development of methodological support for improving the quality of expert assessment of business processes

2021 ◽  
Vol 1 (4(57)) ◽  
pp. 22-27
Author(s):  
Vitalii Antoshchuk ◽  
Volodymyr Filippov ◽  
Varvara Kuvaieva
Keyword(s):  
Business Processes ◽  
Expert Assessment ◽  
Management Decisions ◽  
Current State ◽  
Wide Range ◽  
Expert Team ◽  
Expert Assessments ◽  
Business Structures ◽  
Individual Expert

The object of research is the process of forming a collective expert assessment with increased reliability in making management decisions in business structures by an expanded team of experts. One of the most problematic places in the expert assessment of management decisions is the complexity of forming a competent expert team and the rather high cost of the expertise. In recent years, there has been a tendency for expert assessment with an expanded team of experts. In this case, not only professional experts are involved in the examination, but also all persons wishing to take part in solving the problem. In this case, the reliability of the examination raises doubts. In connection with the participation in expert assessment of persons who do not have experience in expert work, a wide range of expert assessments is possible. The analysis of the current state of the methods of expert assessment in business is carried out. It has been established that the Delphi method, which was most used until recently, does not meet modern requirements. More progressive methods are based on mathematical consensus theory. Consensus is understood as the degree of correlation of individual expert assessments performed in rank scales. In the course of the study, formalized mathematical approaches to the organization of collective expertise were used. A method for processing the results of an examination with an expanded composition of experts was developed. The developed methodology is focused on identifying experts with insufficient qualifications. The methodology allows for a step-by-step assessment of the reliability of the collective expert decision by assessing the Kendall concordance coefficient. It is shown that the phased exclusion of assessments by experts with insufficient qualifications allows increasing the level of consensus, the quality and reliability of the collective expert assessment. The developed methodology has been tested in a really functioning enterprise to make a decision on the exit strategy of the enterprise from their crisis. The use of the developed methodology has made it possible to significantly increase the reliability of the examination results, assessed by the concordance coefficient. The results are useful for practical application in business structures when conducting expert examinations involving a wide range of participants.

scholarly journals Pandemic of Coronavirus as a Factor of Intensification of Development and Implementation of Digital Technologies

2020 ◽  
Vol 20 (4) ◽  
pp. 400-404
Author(s):  
Oleg A. Kulikov ◽  
Keyword(s):  
Business Models ◽  
Business Processes ◽  
Economic Recession ◽  
Digital Technologies ◽  
Economic Downturn ◽  
Market Participants ◽  
Coronavirus Infection ◽  
The One ◽  
Current Stage

Introduction. The COVID-19 pandemic has become one of the largest business and economic shocks in modern history. Although it is difficult to assess the long-term consequences of this phenomenon at the current stage, events have already taken place in the economy that have catalyzed a number of changes. And in particular, these systemic innovations are closely related to the digitalization of technological business processes, which most of the market participants cannot ignore. Theoretical analysis. The economic downturn caused by the spread of the new coronavirus infection can be classified as an unpredictable factor that has made the external economic environment aggressive for a large proportion of enterprises, forcing businesses to seek alternative internal growth points. Empirical analysis. Based on the programs and strategies for adapting companies to the new crisis and the digital and operational transformations they have carried out, a number of elements can be identified that are integral to business models both during the period of isolation and after the end of the pandemic. Results. Universal self-isolation has become a unique phenomenon in the economy, on the one hand, manifesting itself as a global economic recession, and on the other, causing accelerated scaling and industrial application of digital technologies.

Effective outsourcing

2020 ◽  
Author(s):  
Nadezhda Rodinova ◽  
Vladimir Ostrouhov ◽  
Vladimir Bereznyakovsky ◽  
Irina Petrova
Keyword(s):  
Management System ◽  
Business Processes ◽  
Management Decisions ◽  
Economic Mechanism ◽  
Use Of Resources ◽  
Operational Management

The tutorial is aimed at the problems of using outsourcing as a factor of the reorganization of business processes of an enterprise to achieve efficient use of resources and competitiveness of the enterprise. The article reveals the organizational and economic mechanism for making management decisions on the transfer of individual business processes of enterprises to outsourcing, which contributes to their operational management in the management system.

IMPACT OF COVID-19 ON THE GLOBAL ECON

2020 ◽  
Vol 3 (11) ◽  
pp. 126-131
Author(s):  
M. P. VAKHROMEEVA ◽  
Keyword(s):  
Economic Crisis ◽  
Global Economic Crisis ◽  
World Economic ◽  
Coronavirus Infection ◽  
National Economies ◽  
The Impact

The article examines the impact of the coronavirus infection COVID-19 on world economic processes, analyzes the ways out of the global economic crisis, analyzes approaches to the restoration of national economies.

scholarly journals Social origins and the decision to leave university during the Great recession: the role of the field of study

2020 ◽  
Author(s):  
Loris Vergolini ◽  
Eleonora Vlach
Keyword(s):  
University Students ◽  
Economic Crisis ◽  
Great Recession ◽  
Social Inequalities ◽  
Drop Out ◽  
Economic Downturn ◽  
Long Term Effects ◽  
Field Of Study ◽  
The Great Recession ◽  
Drop Out Rate

The recent economic downturn has had profound influences on contemporary European societies. This paper analyzes how the Great Recession affected the drop-out rate among university students in Italy, and whether their chosen field of study moderated its effect. To examine the potential long-term effects of this economic downturn on social inequality, we also explore whether students from less-advantaged families who enrolled in prestigious fields were those pushed out from university in disproportionally high numbers. We investigate the interacting influence of the economic crisis, social inequalities and field of study on drop-out rate using data from the Istat “Survey on the educational and occupational paths of high school graduates” in two cohorts of university students (one who attended university prior to and one during the Great Recession). Results obtained from propensity score matching show that the economic crisis had a negative effect on university participation, which was however less strong for Medicine students. Students from lower socio-economic backgrounds in the most remunerative fields of study (those leading to liberal professions), tended to leave university more often than their well-off peers.

scholarly journals Corruption and the agricultural production efficiency of the European countries during the recent economic crisis

2015 ◽  
Vol 2 (3) ◽  
pp. 427-437
Author(s):  
Mohammad Monirul Hasan ◽  
József Tóth
Keyword(s):  
Technical Efficiency ◽  
Economic Crisis ◽  
Agricultural Production ◽  
Production Efficiency ◽  
National Level ◽  
Geographical Location ◽  
European Countries ◽  
Economic Downturn ◽  
Member States ◽  
Control Of Corruption

This paper examines the association between controls of corruption and the agricultural production efficiency of 23 European Union Member States during the recent economic crisis. Production efficiency, measured in terms of technical efficiency, is the effectiveness of a given set of inputs that is used to produce an output. Owing to climate and geographical location agriculture in European countries is diverse. The economic downturn led by the financial crisis which started in mid-2007, is still prevailing across European countries. Control of corruption along with the existing economic crisis of the member states are affecting agriculture production efficiency. This study used the national level production data for the period of 2003-2009. It shows that the technical efficiency of most Member States have declined over the years and that it was significantly lower in austere economic crisis time 2007-09 than 2003-06 for all countries. It is also found that the declining trend of technical efficiency is significantly lower for central and eastern European countries than for the western European countries. Study finds that the control of corruption in the presence of high government effectiveness, decreases the technical efficiency of agricultural production in the Member States.Res. Agric., Livest. Fish.2(3): 427-437, December 2015

scholarly journals Influence of COVID-19 on creative industries

2021 ◽  
Vol 21 (1) ◽  
pp. 48-54
Author(s):  
Yulia O. Glushkova ◽  
◽  
Anastasia V. Vasina ◽  
Keyword(s):  
Theoretical Analysis ◽  
Economic Activity ◽  
Information Technologies ◽  
Structural Changes ◽  
Business Processes ◽  
Creative Industries ◽  
Creative Economy ◽  
Social Efficiency ◽  
Coronavirus Infection ◽  
The Impact

Introduction. This study analyzes the impact of the new COVID-19 coronavirus infection on the creative industries in the Russian Federation, as well as finding solutions to support this area in the context of the pandemic. Theoretical analysis. Since the latest imperatives of the current world processes dictate the need for structural changes in the state economic activity, the actual principle of the economic activity organization can be called the creative industries concept development, which include industries related to the creation of a certain cultural or creative product, IT-sphere, fashion and design, advertising and marketing products, as well as folk art and craft. Due to the relevance of the creative industries development, modern research on the theory of creative economy development pays great attention to the study of the specifics of this activity and ways to improve it. The article provides a theoretical analysis of the crisis in the creative industries, as well as a detailed analysis of the opportunities and threats of the crisis. Empirical analysis. Based on the analysis of the activities of companies in the creative industries, the authors of the article identify opportunities for the development of companies in the creative sphere in terms of economic and social efficiency. New trends in the transformation of business processes in various fields (theatre, film industry, music, exhibition and Museum activities) are considered. Results. Based on the analysis, it is concluded that the urgent tasks in the situation of forced quarantine measures are the timely transformation of creative industries with the use of information technologies, the transition to online areas of interaction with consumers, as well as state support for creative industries most affected by the crisis.

scholarly journals THE IMPACT OF ICTS ON CORE SECTORS OF THE NIGERIAN ECONOMY

2013 ◽  
Vol 1 (3) ◽  
pp. 58-62
Author(s):  
Dike Ike
Keyword(s):  
Business Processes ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Managerial Decision ◽  
Gas Industry ◽  
Agricultural Industry ◽  
Human Endeavor ◽  
Efficiency And Effectiveness ◽  
Information And Communication ◽  
The Impact

Information and Communication Technology (ICT) has taken the center stage in almost every aspect of human endeavor. ICT help companies to improve the efficiency and effectiveness of services offered to customers, and thus enhances business processes, managerial decision making, and workgroup collaborations, thus strengthening their competitive positions in rapidly changing and emerging economies. This paper considers the impacts and trends of ICTs on core sectors of the Nigerian economy. Three core industry sectors of the Nigerian economy were examined namely: Banking Industry, Oil and Gas Industry, and Agricultural Industry in order to examine the level of impact ICTs have on the overall Nigerian economy.

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