IMPLEMENTATION OF INNOVATIVE METHODS FOR INCREASING THE COMPETITIVENESS OF INTERNATIONAL BUSINESS ENTITIES

Author(s):  
Svetlana Synytsia ◽  
Tetiana Fursa
2021 ◽  
Vol 6 (2) ◽  
pp. 84-89
Author(s):  
Oksana Melnichuk

The subject of the study is a set of basic theoretical, scientific and methodological provisions and practical recommendations for analyzing trends in the system of international business and increase the effectiveness of institutional support for enterprises participating in international business. In the course of the research such concepts as "foreign economic activity", "international entrepreneurship", "international business" are considered. The latter is proposed to be considered as a system of business processes implemented by business entities outside of their own country and aimed at achieving strategic goals. Research methods. General scientific and special methods are used in the work, which allow to systematically solve problem tasks in the chosen direction of the research. In the course of the research such methods are used as: method of theoretical generalization; system analysis; graphic and analytical methods. Results. An analysis of the impact of the coronavirus pandemic on the activities of international market players has been made. A comprehensive analysis of the volume, commodity, geographical structure of exports and imports of goods in Ukraine in 2018-2020. It is determined that Ukraine overwhelmingly exports raw materials and imports high-tech goods. Despite the decline in foreign trade, the general trend indicates that exports and imports will grow in the long run. An objective analysis of the functioning of the Ukrainian business system with the help of many world ratings, which allow us to assess the place of Ukraine in the global conditions of development, in comparison with the economies of other countries. As a result of the study, it was determined that Ukraine is inferior to other countries in the world in trade, regulatory policy, national branding, etc., and has the best position in the field of budget transparency. The results of the analysis indicate the need to implement effective organizational and economic principles aimed at improving the quality of Ukraine's business system. The analysis and construction of the profile of the national business system allowed to identify the main problems in the system of international business and begin to form measures to address them. The practical significance of the obtained results is that the theoretical provisions and practical recommendations obtained by the author as a result of the study can be used in developing directions for the transformation of national international business in a crisis.


Author(s):  
Yevheniia V. Voroniuk ◽  
Karina V. Satusheva

This article seeks to provide argument that effective performance in modern realia of business and management is impossible without understanding the socio-psychological processes that accompany entrepreneurial endeavours. Further development of market competition in the national economy, its inclusion in the system of global economic relationships, aggravation of internal barriers to successful implementation of economic reforms significantly raise the issue of exploring a psychological aspect of economic security of businesses, and in international ventures, in particular. An emphasis is put that the roots of genesis and evolution of economic psychology refer to radical changes, especially changes occurred in the economic paradigm and attitudes towards ownership for the means of production in the first place, as well as the emergence of new economic actors. Apart from that, pressing globalization trends, changes in political and economic patterns, as well as rapid technological advances in society have greatly affected socio-cultural values of the population. However, even the very speed and extent of global change faced by modern society depends on psychological characteristics inherent in different social groups. Different psychological patterns and perspectives that drive the development of business environment world-wide have created a new background for shaping and launching new economic security strategies for international business entities and ventures. The findings have verified that business economic security directly relates to management's understanding of the needs and the specifics of business structure and their alignment with the personal goals of the leader. Moreover, business operation of economic entities, both in the external and internal environment, encourages them to search for the new pathways and raise awareness of the need for effective interaction between the internal corporate culture and its organizational structure, ensuring and managing economic security and values of international markets. To attain the above objectives, a thorough research on the international business environment is of critical significance. It is argued that deep insights into psychological factors driving drastic change in the politicians’ perceptions of the need to make a shift from a planned socialist paradigm to a market economy, exploring the psychology of transformation of the theoretical concepts from Marxist political economy to Western market theories will facilitate better understanding of the nature of economic security of international ventures.


Author(s):  
Steven R. Ratner

Business has a central role in international environmental law. Both treaties and treatises regard private economic actors as secondary players, and see states as the overwhelmingly dominant targets and prescribers of environmental law. This article examines the roles and goals of business entities with respect to international environmental law. It then considers how international law has accommodated the place of business in environmental policy with respect to two key issues: corporations as the target of legal obligations; and corporations as participants in the process of international environmental law, particularly with respect to law making and implementation. The article also looks at business-initiated non-governmental organisations, both those composed of, or representing, businesses within one state, as well as those with a more international profile. It examines business and environmental regulation, focusing on two visions of international business. Finally, the article analyses business as the target of international environmental law duties, civil liability conventions, soft regulation, corporations as prescribers of norms, monitoring and enforcement of business behaviour, and litigation.


2020 ◽  
pp. 74-83
Author(s):  
Maryna Savchenko ◽  
Olga Shkurenko

Introduction. The objective pattern of development of any socio-economic system is cyclical, which includes the crisis phase. This phase is especially evident in the current conditions of functioning of international business entities in various fields and industries. A review of scientific publications has demonstrated the fragmentary nature of research on the formation of an anti-crisis mechanism for managing international business entities. That is why the problem of studying the possibilities of survival in the economic crisis and the application of an effective mechanism of crisis management is one of the most pressing today. Purpose. The purpose of the article is to develop theoretical and methodological provisions for improving the substantive characteristics of the mechanism of crisis management of international business entities. Method (methodology). The article uses a number of general scientific research methods, including monographic method, methods of scientific abstraction and generalization, dialectical method, induction and deduction provided gradual refinement of structural elements of the mechanism of crisis management in modern conditions. Results. It is proved that the crisis is derived from the cyclical nature of the reserves of the economy, which on the one hand causes a real threat of bankruptcy for international businesses in a period of declining production, and on the other - is an objective prerequisite for their further growth and development. The periods of development of the crisis of the subjects of international business are formed and the managerial, financial and economic-legal crisis are singled out accordingly. The article proposes to understand the crisis of international business entities as a set of situations caused by exogenous and endogenous factors that upset the balance of the international business entity, and over time may lead to changes in organizational, economic and production mechanism of its operation. The authors of the article build a mechanism of anti-crisis management of international business entities, which is a set of elements, technologies and tools that provide prediction of crisis danger, symptom analysis, and identify measures to reduce the negative effects of the crisis for international business entities and the use of factors for their further development. The constituent elements of the mechanism of anti-crisis management of international business entities are grouped into six blocks: crisis diagnosis; selection and substantiation of influencing factors to determine the signs of crisis; determination of the phase (stage) of the life cycle of an international business entity; determining the type of crisis management; selection and substantiation of indicators for crisis diagnosis; implementation of crisis management. The proposed mechanism allows to bring international business entities out of crisis situations and ensure the stabilization of their financial condition.


2020 ◽  
Vol 210 ◽  
pp. 13023
Author(s):  
Ilya Yazhlev ◽  
Dmitry Spitsov ◽  
Alexander Popkov

The article is devoted to the problems of the development of environmental and industrial legislation in Russian Federation with regard to transition to the new principles of environmental management, to reduce negative impacts on the environment through the modernization of basic production assets, the use of innovative methods of management of production processes and business entities.


Author(s):  
K. Flissak

Increased competition in global markets forces producers from different countries to resort to new forms of collaboration with their foreign partners. One of these forms which are increasingly used by actors in international business is the international cooperation as a special type of economic partnership. Its use allowed Germany to take the leading position in the world economy, and therefore this experience is essential for further study. An equally important aspect of modern international economic activity is the support of business entities by relevant state institutions in world markets. As a rule, most of such tools of the state support are related to the economic diplomacy which in the XXI century become an important factor in the success of the country and its business representatives abroad. This article studies certain aspects of the economic diplomacy of Ukraine and defines its interconnection with the use of the practice of international cooperation in the context of their impact on the results of foreign economic activity of Ukraine. It allowed to lead and motivate several proposals on improving the effectiveness of the economic diplomacy of Ukraine.


2021 ◽  
Vol 263 ◽  
pp. 05010
Author(s):  
Dmitry Spitsov ◽  
Igor Yazhlev

The article is devoted to the problems of the development of environmental and industrial legislation in Russian Federation with regard to transition to the new principles of environmental management, to reduce negative impacts on the environment through the modernization of basic production assets, the use of innovative methods of management of production processes and business entities.


Author(s):  
Maxim Polyakov

The main approaches to the functioning of institutions for acceleration of venture business are researched and generalized in the article; the tendencies concerning forms of functioning of scientific and technological international business are substantiated and the characteristic of tendencies of the newest forms of commercialization of startups in scientific and technological international environment is resulted. The main aspects in the study of enterprises within the systematization of acceleration institutes are formed. At the same time, the interdependencies between the evolution of scientific and technological development of system structures of international business entities and the environment of its functioning are revealed.The activities of techno parks, startup incubators, startup accelerators, commercialization workshops are analyzed. The most effective forms of acceleration and incubation of scientific and technological international business, methods of adaptation of organizational structures and strategies, tools of their realization are detected. It is proved that scientific and technological international business becomes a kind of conductor of advanced scientific and technological ideas in the field of production and consumption, thus the development of entrepreneurial innovation, knowledge and information becomes the most important component of material production. The distribution of enterprises for acceleration and incubation of startups according to the indicator of startup investment is researched in the article, the growing popularity of accelerators that are focusing on short-term programs for projects at an early stage of scaling is demonstrated.The basic trends in the activities of startup accelerators are identified and formed in the process of analyzing trends in the form of organization and functioning of scientific and technological international business.


2020 ◽  
Vol 1 (2) ◽  
pp. 35-41
Author(s):  
Olga Sunigovets

The purpose of the article is to generalize the existing views on ensuring the effectiveness of international business entities in the context of globalization trends and the implementation of the tasks of domestic companies to enter international markets. Systematization of problems of international business development on the basis of the research of the impact of structural aspects in ensuring economic development, with special emphasis on studying the development of the ownership structure of international business in the formation of the foundations of sustainable economic growth. Methodology. The study is based on comparing trends in the development of international business of countries, processing the results of studying the issues of the topic by domestic and foreign economists, domestic and foreign literature, statistical data, the results of analytical studies of rating agencies, international organizations. In the process of research, the method of theoretical generalization and comparison, and general scientific research methods were used, mainly, analysis, synthesis, abstraction. The information basis of the research consisted of the works of domestic and foreign scientists on the problems of the theory of international business, international economic relations, international management, and international corporate governance of international business. The results of the research showed that the modern conditions for conducting international business were changing dynamically, which required the development of international business entities special improvement of existing approaches to management in accordance with the conditions of globalization, manifestation of innovative development and striving for openness as the best way of modern coexistence. The country’s position in the world economic system is determined by the structure of the economy. Practical implications. Thus, the structure of the economy determines the possibilities of economic development, the ownership structure is an important aspect in ensuring the efficiency of international business. In the context of globalization, corporate governance is seen as a tool for development and needs improvement for the enterprises to enter into international markets. The ownership structure is able to determine the innovative potential of enterprises in world markets. Value/originality. The identified current trends in the development of structural relationships of the economy based on the generalization of research on structural interdependencies in creating the preconditions for sustainable economic development allows to determine the basis for the actions of international business in the globalization and manifestations of innovative economy more objectively. The special value of the work lies in a more detailed study of the ownership structure in ensuring the efficiency of international business and the effects of globalization, which determines the main directions of improving Ukrainian enterprises, their organizational and legal forms of doing business to ensure compliance with international business principles and access to international markets.


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