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.

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 The Enterprise’s Financial Condition Assessment as a Component of its Creditworthiness

2018 ◽  
Vol 18(33) (4) ◽  
pp. 493-503
Author(s):  
Natalia Wasilewska ◽  
Mirosław Wasilewski ◽  
Serhiy Zabolotnyy
Keyword(s):  
Financial Sector ◽  
Condition Assessment ◽  
Economic Conditions ◽  
Financial Assessment ◽  
Agricultural Enterprises ◽  
The Past ◽  
Financial Condition ◽  
Credit Risks ◽  
Agricultural Enterprise ◽  
Methodological Approaches

The article covers aspects of financial condition analysis regarding creditworthiness of Ukrainian agricultural enterprises that had to operate in unstable economic conditions in 2009-2017. It is proposed to improve methodological approaches to financial assessment of an enterprise – a potential borrower, due to changes in the economy, in particular in the financial sector, which have been influenced by crises that have shaken the Ukrainian economy twice in the past ten years. The proposed approaches to assessing the financial condition of an agricultural enterprise as a component of its creditworthiness increase the accuracy and credibility of such assessments and help to minimize credit risks.

scholarly journals THEORETICAL ASPECTS OF ASSESSMENT OF FINANCIAL SUSTAINABILITY OF AGRICULTURAL ENTERPRISES

2021 ◽  
Author(s):  
Oksana Pavlenko ◽  
◽  
Diana Kogushko ◽  
Keyword(s):  
Financial Stability ◽  
Agricultural Development ◽  
Legal Framework ◽  
Normative Values ◽  
Financial Sustainability ◽  
Agricultural Enterprises ◽  
Financial Condition ◽  
Agricultural Enterprise ◽  
The Absolute ◽  
High Level

The article examines the essence of the concept of “financial stability of the enterprise” and different views on its interpretation by domestic scientists. The methodical bases of an estimation of financial stability of the enterprise to which calculation and the analysis of absolute indicators and relative indicators most often belong are considered. Their explanations, formulas for calculation and normative values of these indicators are given. Theoretical aspects of the influence of factors on the provision of financial stability are also given, because this is one of the most important conditions for life, development and further stable provision of a high level of competitiveness of the enterprise. Namely, the factors that are divided into independent of the enterprise and those that directly depend on the internal situation and development of the enterprise were considered. The existing methods of analysis of financial stability of the enterprise are considered and explained. The main ones are aggregate, coefficient, margin, point, balance, integral and factorial methods, as well as the most suitable methods for determining the financial stability of the agricultural enterprise. The application of the main indicators of financial stability of an agricultural enterprise as an indicator of financial stability of the enterprise and solvency is given and substantiated. The main types of financial stability of the enterprise are also given and explained, namely the absolute type, normal, pre-crisis and crisis. The main tasks and prospects of agricultural development are determined. In addition, the main problems in the calculation of indicators and the overall assessment of the financial condition of the agricultural enterprise are identified. The issues that need urgent solution and improvement are proposed to further improve the financial stability of the agricultural enterprise. The main ones are the improvement of the legal framework of Ukraine, to improve the regulation of relations between participants in agriculture, the development of new indicators for assessing the financial condition of agricultural enterprises and revision of regulatory values of these indicators in connection with the specifics of this industry.

scholarly journals Identification and evaluation of the impact of uncertainty factors on the activities of agricultural enterprises

2019 ◽  
Vol 80 (4) ◽  
pp. 417-425
Author(s):  
T. V. Sabetova
Keyword(s):  
Factor Analysis ◽  
Crop Yields ◽  
Influencing Factor ◽  
Selling Price ◽  
Uncertainty Factors ◽  
Agricultural Enterprises ◽  
Agricultural Enterprise ◽  
One Year ◽  
Definition Of ◽  
The Impact

The article considers t the problem of determination of the degree of influence of uncertainty factors on the performance of an agricultural enterprise. Uncertainty and risk are an integral part of business life, and in agriculture they are all the more significant, since agricultural companies are greatly dependent on the influence of natural factors and phenomena. Consequently, the assessment of the directions and the strength of the impact of risk factors is of great importance for the plans and projects for the company's activities. After carrying out a schematic factor analysis of the financial results of the agricultural enterprise, the author selected parameters such as crop yields and average selling price, for analyzing the degree of exposure to uncertain factors. Since both the selected parameters are affected by a large number of both certain factors and factors uncontrollable for the company's management, the author finds it unacceptable to apply factor analysis to them. In the first place, the author justifies this by the difficulty in determining the weights of each influencing factor. Instead, the author suggests grouping all the factors on the basis of their certainty and definition of the influence degree for each group. For this purpose, the variability of each parameter in different series was analyzed: for several years in one enterprise and for one year in a number of similar enterprises. It was found that fluctuations in crop yields by enterprises were higher than by years. This forced the author to bring out the conclusion that there is a significantly greater influence of certain factors on this indicator. On the other hand, when analyzing prices, the opposite situation emerged: here the influence of uncertain factors is much stronger. As a result, the proposal was made for the projecting method, such as economic and mathematical modeling, to use the data from both the firm being the subject of modeling, and from the similar enterprises available from the regional Department of Agriculture. In this case, the accuracy of the forecast will be much higher, besides, it can be developed in 3 or 5 probability scenarios.

Peculiarities of Modern Dynamics of the Global Economy

2010 ◽  
pp. 78-92 ◽  
Author(s):  
V. Klinov
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Business Cycles ◽  
Global Economy ◽  
Long Waves ◽  
Rapid Expansion ◽  
Business Taxation ◽  
Modern World ◽  
China And India ◽  
World Economic

Rates and factors of modern world economic growth and the consequences of rapid expansion of the economies of China and India are analyzed in the article. Modification of business cycles and long waves of economic development are evaluated. The need of reforming business taxation is demonstrated.

THE STANDARD OF LIVING OF HOUSEHOLDS IN POLAND COMPARED TO OTHER EU MEMBER STATES

2015 ◽  
Vol 5 (2) ◽  
pp. 634-638
Author(s):  
Joanna Szwacka Mokrzycka
Keyword(s):  
Economic Development ◽  
Economic Condition ◽  
Standard Of Living ◽  
Consumption Expenditure ◽  
Member States ◽  
Eu Member States ◽  
Financial Condition ◽  
Starting Point ◽  
Structure Of Consumption ◽  
The Eu

The objective of this article is to present the standard of living of households in Poland in comparison with other EU member states. The starting point for analysis was the economic condition of Poland against the background of other EU member states. The next step consisted of assessment of the standard of living of inhabitants of individual EU member states on the basis of financial condition of households and the structure of consumption expenditure. It was found that the differences within the EU in terms of economic development and the standard of living of households still remain substantial.

scholarly journals Digital management of financial condition of agricultural enterprises

2019 ◽  
Vol 403 ◽  
pp. 012134
Author(s):  
Victor Tkach ◽  
Ekaterina Medyukha ◽  
Natalya Zemlyakova ◽  
Lyubov Pudeyan ◽  
Kristina Chanturia ◽  
...  
Keyword(s):  
Agricultural Enterprises ◽  
Financial Condition ◽  
Digital Management

Monitoring the socio-economic development as a priority of official statistics

2015 ◽  
Vol 60 (8) ◽  
pp. 12-24
Author(s):  
Renata Bielak ◽  
Ewa Czumaj
Keyword(s):  
Economic Development ◽  
Information Support ◽  
Modern World ◽  
Information Share ◽  
Official Statistics ◽  
Socio Economic Development ◽  
High Quality Information ◽  
Effective Transfer ◽  
Transfer Of Information

The mission of official statistics is to provide credible, reliable, independent and high-quality information on the state and changes in society, the economy and the environment, meet the needs of domestic and foreign users. Fulfillment of this obligation is reflected in the work of the current official statistics and in development activities. Monitoring of the socio-economic development requires continuous adaptation of statistics to the changing reality and the description of the phenomena and processes. The role of official statistics in the modern world goes far beyond the implementation of the research. Measuring sustainable development and information support for development policy are tangible examples of the undertaken challenges. The form and manner of data presentation have increasing importance for the effective transfer of information. To answer the need to improve communication with users, the CSO is implementing new systems of information share. The article describes, among others, ”Strateg” and ”Knowledge Databases”.

scholarly journals Environmental Impacts and Attitudes of Agricultural Enterprises for Environmental Protection and Sustainable Development

Agriculture ◽  
2020 ◽  
Vol 10 (10) ◽  
pp. 440
Author(s):  
Zuzana Juríčková ◽  
Zuzana Lušňáková ◽  
Marcela Hallová ◽  
Elena Horská ◽  
Monika Hudáková
Keyword(s):  
Sustainable Development ◽  
Environmental Protection ◽  
The Self ◽  
Enterprise Management ◽  
Ecological Stability ◽  
Chi Square ◽  
Agricultural Enterprises ◽  
Agricultural Enterprise ◽  
State Of The Environment ◽  
Lay Public

Recognising that implementing an agricultural enterprise impacts the state of the environment, its ecological stability, and the self- regulatory capabilities of ecosystems, the aim of this paper is to acquaint the professional and lay public about the attitudes of Slovakian agricultural enterprises towards environmental protection and sustainable development. The paper draws attention to present methods, techniques, and tools that enterprise management are applying for the purpose of meeting and overcoming environmental challenges. The data for this research were obtained from controlled interviews and a questionnaire survey conducted across more than 90 agricultural enterprises. Based on the data outcomes, research premises and formulated research hypotheses put forward are verified by using Friedman, Wilcoxon, Kruskal–Wallis, and Pearson chi-square tests. Discussion of the findings points out that although Slovakia is not yet one of the most polluting countries, promoting the application of environmental protection approaches for sustainable development is of the essence. The most important agriculturally related step, mitigating environmental degradation, is to promote changes in the moral values of agricultural enterprises and the society through enhanced environmental awareness and application practices.

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