scholarly journals FINANCIAL MECHANISM OF THE ENTERPRISE AND DIRECTIONS OF ITS IMPROVEMENT IN THE MODERN ECONOMIC ENVIRONMENT

2021 ◽  
pp. 94
Author(s):  
N. Marusiak
Keyword(s):  
Economic Environment ◽  
Modern Economic ◽  
Financial Mechanism

B is for Bias

2014 ◽  
Vol 3 (2) ◽  
pp. 35-47
Author(s):  
Calin Valsan
Keyword(s):  
Economic Theory ◽  
Rational Expectations ◽  
Economic Environment ◽  
Rational Agents ◽  
Economic Agents ◽  
Behavioral Biases ◽  
The Social ◽  
Modern Economic

Standard economic theory assumes rational agents. Individuals are expected to have rational expectations and constantly optimize their choices. Modern economic and financial theory is build under the assumption of rationality. There is plenty of evidence from psychology, however, that individuals are biased and rely heavily on heuristics in order to make decisions. Yet, this is not a mere fluke, a behavioral oddity. Because the social and economic environment in which individuals evolve is complex, behavioral biases represent evolutionary adaptations allowing economic agents to deal with undecidability and computational irreducibility.

scholarly journals Erratum to: Stability of economy of the organizations under the conditions of modern economic environment

2021 ◽  
Vol 291 ◽  
pp. 07020
Author(s):  
S.Yu. Ilyin ◽  
Y.V. Lebedeva ◽  
A.A. Sigankov ◽  
O.N. Beketova ◽  
I.V. Shatskaya ◽  
...  
Keyword(s):  
Economic Environment ◽  
Modern Economic

Elitist Tag or Tool for Development

2020 ◽  
pp. 1111-1119
Author(s):  
Debasish Batabyal ◽  
Sankar Kumar Mukherjee
Keyword(s):  
Economic Environment ◽  
Modern Economic

Since time immemorial tourism in hill areas were considered and confined to be leisure centric and recreation oriented. This demand led orientation was a mere perception of the tourists and supply means and ways were largely ignored. Tourism in hill areas is believed to have been a mean of spending from disposable and discretionary income mostly for non-essential activities. This old and stagnant idea has been changing drastically. Today's tourism is not only essential but imperative as well to provide new avenues for income and jobs. This article has dealt with the modern economic environment of tourism in the backdrop of its essential demand (or marketing) and supply (or destination) parameters. More specifically, this article has shown how tourism phenomenon is influencing the community income and thereby their dependency with important marketing and supply trends.

scholarly journals Strategic partnerships as a modern form of business integration in industry

2020 ◽  
pp. 10-14
Author(s):  
I. V. Androsova ◽  
O. V. Sogacheva
Keyword(s):  
Strategic Partnership ◽  
Economic Environment ◽  
Successful Implementation ◽  
Business Partnerships ◽  
Strategic Partnerships ◽  
Distinctive Features ◽  
Industrial Enterprises ◽  
Modern Economic ◽  
Modern Form

The article considers the role of strategic partnerships in the practice of integration interactions of industrial enterprises in the modern economic environment. The authors highlight the distinctive features of strategic partnerships from other forms of business integration. The paper ascertains that for industrial enterprises, strategic partnerships based on the mechanism of subcontracting are most applicable. The study develops a model of strategic partnership based on subcontracting. The article gives practical examples of creating strategic partnerships. The paper analyses the level of development of strategic partnerships in industry, as well as studies the infrastructure that provides this process. The authors focus on the problems that hinder the activation of the processes of creating strategic partnerships based on subcontracting in the regions. Based on the results of the article, the authors offer recommendations aimed at the successful implementation of the creation of strategic business partnerships in industry.

FEATURES [CHARACTERISTICS] OF DIGITAL (FAST DEVELOPING) ECONOMIC STRATEGIES. Part 1

2019 ◽  
pp. 83-96
Author(s):  
Yuri P. Firstov ◽  
◽  
Nicolay I. Nekhoroshkin ◽  
Sergej V. Pahomov ◽  
◽  
...  
Keyword(s):  
Decision Making ◽  
Fundamental Problem ◽  
Digital Economy ◽  
Economic Environment ◽  
Management Tools ◽  
Economic Relations ◽  
Research Technology ◽  
Expert Opinions ◽  
Modern Economic ◽  
Innovative Economy

The modern economic environment is acquiring fundamental features. This determines the specifics of the strategies. To study new properties of control, it is necessary to apply methods that go beyond the limits of modern economic views. It should be based on a theory that considers the development of the economy as a historical process of solving the fundamental problem of its development. The article shows that the increase in the systemic properties of mass technologies changes the nature of the process of development of the economic environment, translates it into a new (parallel) mode. As a result, a special phase of development appears, characterized as an innovative economy, digital economy, etc. Decision-making strategies should be based on the theory of development management in this mode. It is shown that the goal of the digital economy is to remove its fundamental problem: ensuring the adequacy of the analytical apparatus (models, expert opinions, etc.) and the rapidly changing reality. It is the removal of this problem that will provide an increasing speed of coordinated improvement of physical research, technology, economic relations, the needs of society, etc. At the same time, the digital economy will reproduce a special resource: an increase in the accuracy of decision-making to support the development of an innovative economy («intellectual resource»). This determines the specifics of building strategies. In the first part of the article, the article examines the features of the strategies of the emerging economy caused by the reproduction of a new class of mass technologies (industrial, social, educational, etc.). Models of strategies for solving the key task of developing the digital economy during design are proposed. The second part will consider examples of the application of the developed models and approaches to construct elements of strategies for engineering, electronics industry, education, information management tools.

scholarly journals Global interdependence and restructuring of industrial production

2008 ◽  
Vol 88 (2) ◽  
pp. 51-64 ◽  
Author(s):  
Radmila Miletic
Keyword(s):  
Industrial Production ◽  
Structural Changes ◽  
Economic Structure ◽  
Economic Globalization ◽  
Economic Environment ◽  
Industrial Technology ◽  
Global Level ◽  
Science Park ◽  
Newly Industrializing Countries ◽  
Modern Economic

The main objective of this paper is to emphasize particular aspects in connection with deindustrialization and globalization processes during transformation of the economic structure in postindustrial age. Conceptions and main features of globalization are presented, i.e. growing interdependence on the global level, then primary characteristics of industrial globalization as one of the forms of globalization process, and in general some brief considerations about the influence of the economic globalization on deindustrialization. In modern economic environment, transformation of production includes, besides other structural changes, modification of the geography of manufacturing and new industrial space - development of the newly industrializing countries, and new spatial forms of production allocation and possibilities for linking of various activities and services (technopolis, industrial, technology and science park, etc.).

Elitist Tag or Tool for Development

2016 ◽  
pp. 96-104
Author(s):  
Debasish Batabyal ◽  
Sankar Kumar Mukherjee
Keyword(s):  
Economic Environment ◽  
Modern Economic

Since time immemorial tourism in hill areas were considered and confined to be leisure centric and recreation oriented. This demand led orientation was a mere perception of the tourists and supply means and ways were largely ignored. Tourism in hill areas is believed to have been a mean of spending from disposable and discretionary income mostly for non-essential activities. This old and stagnant idea has been changing drastically. Today's tourism is not only essential but imperative as well to provide new avenues for income and jobs. This article has dealt with the modern economic environment of tourism in the backdrop of its essential demand (or marketing) and supply (or destination) parameters. More specifically, this article has shown how tourism phenomenon is influencing the community income and thereby their dependency with important marketing and supply trends.

scholarly journals Stability of economy of the organizations under the conditions of modern economic environment

2021 ◽  
Vol 291 ◽  
pp. 07002
Author(s):  
Y.V. Lebedeva ◽  
А.А. Sigankov ◽  
O.N. Beketova ◽  
I.V. Shatskaya ◽  
A.L. Frolov
Keyword(s):  
Economic Environment ◽  
Objective Measures ◽  
Accurate Assessment ◽  
Financial Benefit ◽  
Intermediate Group ◽  
Common System ◽  
Modern Economic ◽  
The Stability ◽  
Multiple Interactions ◽  
Financial Result

The article is devoted to the author’s approach to the formation of indicators of the sustainability of the economy of organizations. The developed approach holds the attention focused on its classical understanding, modified for the modern entrepreneurial era, based on the environment of organizations’ activities, a term of internal (interpolation) and external (extrapolation) factors that form their costs, determine the financial result and its efficiency, on which the prospective financial benefit. The study considered the selected resulting and factor indicators of the sustainability of the economy of organizations: the efficiency and cost of activities, changes in their results and costs under the influence of qualitative (profitability, profitability, expense) and quantitative (income, profit, costs) parameters of activity in dynamics. The construction of these dependencies between the selected combination of the resulting and factor indicators of the stability of the economy of organizations is carried out through the union of differentiated by types of additive, multiplicative and multiple interactions of intermediate (factor) values with the final (resulting) values. The combination of all types of dependencies that form a common system of the studied indicators will provide organizations with an accurate assessment of the analyzed final values and ranking pursuant to the degree of significance of the values of the intermediate group and the adoption of objective measures to optimize the sustainability of their economies. The material will benefit entrepreneurs of all spheres and industries, carrying out their activities under the current economic mechanism, education and science workers, students in economic areas.

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