scholarly journals FORECASTING FINANCIAL CONDITION INDICATORS AS AN ELEMENT OF MANAGING OPERATIONAL ACTIVITY OF MACHINE-BUILDING ENTERPRISES IN CRISIS CONDITIONS

2020 ◽  
Author(s):  
Yuliia Shvets
Keyword(s):  
Machine Building ◽  
Condition Indicators ◽  
Financial Condition ◽  
Crisis Conditions ◽  
Operational Activity ◽  
Building Enterprises

scholarly journals Analyzing and Evaluating the Business Activity of Machine-Building Enterprises as the Basis for Increasing the Efficiency of Their Activities

2020 ◽  
Vol 11 (514) ◽  
pp. 230-240
Author(s):  
D. О. Zyz ◽  
Keyword(s):  
Control Systems ◽  
Machine Building ◽  
Organizational Control ◽  
Business Activity ◽  
Production Structure ◽  
Financial Condition ◽  
Technological Level ◽  
Scientific Technical ◽  
Building Enterprises

The article highlights the concept of business activity and the main tasks of analyzing and evaluating the business activity of machine-building enterprises. The directions of increasing business activity of enterprise are considered, which is achieved by a certain set of measures: acceleration of scientific, technical and organizational progress – by increasing the technical and technological level of production, organizational control systems, rapid updating of equipment; improvement of organizational structure – by reviewing the powers of each employee of the enterprise; improvement of production structure, in particular, increase of load and turnover coefficients – by increasing the volume of products; increasing the competitiveness of products and services – by improving the quality of goods produced and services provided; development and improvement of foreign trade of this enterprise – through establishing relations with neighboring countries. Evaluation and analysis of the main machine-building enterprises was carried out. The financial condition of machine-building enterprises and factors that lead to destabilization in the crisis situation is determined; the main goals of machine-building enterprises and the planning tools, which will allow management of the process of strategy implementation, are outlined.

scholarly journals ASSESSMENT OF THE ANTI-CRISIS POTENTIAL OF ENTERPRISES: THEORETICAL AND PRACTICAL ASPECTS

2021 ◽  
Author(s):  
Nila Tyurina ◽  
Olha Shatailo
Keyword(s):  
Scientific Work ◽  
Machine Building ◽  
Scientific Methods ◽  
Common Basis ◽  
Theoretical Approaches ◽  
Stable Conditions ◽  
Analysis And Synthesis ◽  
And Performance ◽  
Crisis Conditions ◽  
Building Enterprises

The subject of a research in the article are methodical approaches to assessing the anti-crisis potential of the enterprise. The purpose of the work is to investigate the existing theoretical approaches to the assessment of anti-crisis potential, to improve and adapt them to practical application in machine-building enterprises. The article solves the following tasks: critically examine the work of foreign and domestic scientists on assessing the potential of the enterprise in terms of resource and performance approaches, form a common basis and identify priority methods and relevant criteria for assessing anti-crisis potential by structural elements; based on the results of research to form an author's approach to assessing the anti-crisis potential and perform it`s practical adaptation in machine-building enterprises. The theoretical and methodological basis of this study is the scientific work of domestic and foreign scientists on assessing the potential of the enterprise in stable conditions and in conditions of uncertainty - anti-crisis potential. The research used a set of scientific methods and approaches: system, structural and functional, analysis and synthesis, comparison. The following results are obtained: the existing theoretical approaches to assessing the potential of the enterprise in stable and crisis conditions are investigated. It is determined that the approaches to assessing the potential of enterprises in stable conditions and in crisis conditions can be identical in methods, structure of indicators, but different in characteristics and response of the management system to the calculated values. The author's approach to the assessment of anti-crisis potential of enterprises in conditions of uncertainty is developed and practical adaptation at a specific industrial enterprise is performed. The direction of further research is determined, which consists in the development of the mechanism of formation and transformation of the components of the anti-crisis potential of the enterprise depending on the type, stage of crisis development and its demand in anti-crisis management.

scholarly journals CURRENT STATE OF FINANCIAL AND ECONOMIC ACTIVITY OF MACHINE BUILDING ENTERPRISES

2021 ◽  
Author(s):  
Oleksandr Veremieienko
Keyword(s):  
Negative Impact ◽  
Machine Building ◽  
Engineering Industry ◽  
Innovation Activity ◽  
Industrial Complex ◽  
Net Income ◽  
Economic Activities ◽  
Financial Condition ◽  
Current State ◽  
Building Enterprises

Today, the state directly depends on the industrial complex the entire economy. Among the leading industries is mechanical engineering, as it is closely linked to other economic activities. It is engaged in production machines and equipment that ensure the production of goods and services by enterprises of other industries, thus stimulating their development. For further intensive development of the whole industry needs to ensure a sufficiently high level of activity of the engineering industry. The main problems of development of the machine-building industry include: underdevelopment internal market infrastructure; insufficient level of solvency of producers that negatively affects the financial and economic condition of enterprises in the industry; obsolescence of fixed assets basic enterprises of the industry, which have not been updated during the last 15 years, which has a negative impact on competitiveness, quality and cost of production; lack of working capital, imperfection of the mechanism of medium- and long-term lending; low domestic demand for domestic products; lack of real sources of funding, which makes it impossible reconstruction and technical re-equipment of enterprises in the industry; lack of financial mechanisms and tools that generate interest in innovation, as well as stimulate research and research and development work, as a consequence of the low level of innovation activity of domestic enterprises. All these problems significantly affect the current state of operation of machine-building enterprises. The priority is to analyze the financial and economic activities of machine-building enterprises, and as a consequence - to identify possible ways to improve the situation. The article reveals the essence and necessity of assessing the financial condition of enterprises in modern conditions. The financial condition of the machine-building enterprises of the Zaporizhzhia region was assessed on the example of the following four: PJSC «Zaporizhzhia Mechanical Plant», PJSC «Motor Sich», LLC SE «Commonwealth» and LLC SPE «Energomash» using factor analysis. Using the reporting of these enterprises, the analysis of the main financial indicators for the period from 2015 to 2019 analyzed the dynamics of changes in net income, cost, gross profit and net profit (loss) of the surveyed enterprises. The analysis of factors influencing the gross profit of the studied enterprises is carried out. It is established that in order to establish a stable financial activity in enterprises, it is necessary to thoroughly analyze the financial condition, to ensure the efficient use and formation of financial resources in their financial and economic activities.

scholarly journals ANALYSIS OF MANAGEMENT OF PRODUCTION POTENTIAL OF MACHINE-BUILDING ENTERPRISES OF KHARKIV REGION

2021 ◽  
Vol 2 (3) ◽  
pp. 124-129
Author(s):  
Vladyslav Yakovlev ◽  
Olena Druhova
Keyword(s):  
Economic Activity ◽  
Production Capacity ◽  
Machine Building ◽  
Industrial Enterprise ◽  
Building Industry ◽  
Production Potential ◽  
Industrial Enterprises ◽  
Financial Condition ◽  
Software Methodology ◽  
Building Enterprises

The purpose of the article is to study the management of production potential of machine-building enterprises in the Kharkiv region, 9 enterprises were analyzed and their production indicators were studied. The effectiveness of the production potential is characterized by production, technological, financial and innovative components. It should be noted that since the production potential is a component of the economic potential of the enterprise, the structure presented in Fig. 1 is quite conditional. If we consider the production potential from this point of view, then, for example, its innovative component is inextricably linked with the innovative potential, and the financial component – with the financial potential. Sustainable development and competitiveness of an industrial enterprise depends on the level of production potential, which is the foundation of production activity. The production potential of an industrial enterprise is a complex, dynamic and stochastic system consisting of a number of interconnected components. At the legislative level, an attempt has been made to build a single model of an integrated indicator of the financial condition of large, medium and small enterprises. According to the approved IFI Procedure for assessing the financial condition of a potential beneficiary of an investment project, the level of financial condition of the enterprise is determined depending on the value of the integrated indicator, which allows the classification of enterprises in the industry or region. At the same time, questions about the structure of innovation potential remain controversial in the scientific literature. The development of an integrated module for the assessment of production potential is the first stage of the presented methodological approach. The next step is to improve the information subsystem of monitoring the financial and economic activity of industrial enterprises, which in turn is an integral part of the IT system of enterprise management. At this stage, it is necessary to develop software that provides analysis and comprehensive assessment of production capacity. After integrating the software module with IS monitoring, we have to test the software using the collected database on the financial and economic activity of the enterprise. Comparing the results of the assessment with the assessment from the analytical reports of independent experts will allow to determine the level of adequacy of the presented model and software. Methodology. The analysis was conducted on the basis of financial statements of enterprises of the machine-building industry of Kharkiv region for the period 2018, 2019, 2020. Results of the study show that the enterprises of the machine-building industry have low indicators of production potential, so enterprises need to change the strategy in the market to improve production capacity to increase competitiveness and improve. Practical implications. Given that companies have lost traditional markets in recent years and products are not in high demand in European markets, it is necessary to develop ways to improve the management of the potential of machine-building enterprises, seek new markets and strengthen cooperation with international companies. Value/originality. The study will help the management of enterprises to more effectively manage the enterprise and improve their production capacity.

scholarly journals PREVENTIVE ASSESSMENT OF THE FINANCIAL CONDITION OF THE ENTERPRISE FROM THE POSITION OF POSSIBLE BANKRUPTCY RELEVANCE OF RESEARCH

2020 ◽  
pp. 45-53
Author(s):  
V. Mishchenko ◽  
L. Taraniuk ◽  
I. Domnina
Keyword(s):  
Methodological Approach ◽  
Machine Building ◽  
Social Consequences ◽  
External Factors ◽  
Information Support ◽  
Practical Significance ◽  
Advantages And Disadvantages ◽  
Financial Condition ◽  
The Impact ◽  
Building Enterprises

Relevance of research. The actualization of the assessment of the financial condition of the enterprise from the standpoint of possible bankruptcy is indisputable, taking into account the impact of both external and internal factors on the work of the enterprise. The purpose of the study: to develop a methodological approach to preventive assessment of the financial condition of the enterprise, taking into account internal and external factors influencing its economic activity from the standpoint of possible bankruptcy. Methodology and scientific methods: methods of comparative analysis, economic-mathematical modeling, system approach are used. Research results: the article considers scientific trends and problems of assessing the financial condition of enterprises using different methodological approaches. The most well-known formed discriminant models of foreign and domestic scientists are characterized, taking into account their advantages and disadvantages in conducting economic assessment of the financial condition of enterprises. Features and possibilities of application of these models at the domestic enterprises of a machine-building complex are stated. The necessity to develop a dynamic operational model of preventive management is substantiated, which makes it possible to take into account both internal and external national factors and foreign indicators. Unlike the existing ones, this model considers not only financial indicators (profitability ratio, current liquidity ratio, asset turnover, autonomy ratio), but also their importance in the dynamics, as well as taking into account external factors of the country in which the company operates. A new methodological approach for assessing the financial condition of the enterprise with the inclusion of national factors of enterprises and performance indicators of foreign economic entities is proposed. The proposed method of assessing the company in the dynamics in relation to each time to the previous year in terms of bankruptcy characterizes the effectiveness of management and is a signal to take precautions regardless of the stage of the life cycle of the enterprise or its products. The information support of this model serves as a basis for the formation of the company's self-management system. Research framework / possibility of using the results: the proposed methodological approach has an international character and can be used by single-industry enterprises of different countries to assess their financial and economic, marketing, organizational, production, logistics activities, especially when looking for business partners. Practical significance: assessment of the bankruptcy probability index at 12 machine-building enterprises of Ukraine was carried out, conclusions were made on the location of enterprises in the bankruptcy zone. Social consequences: the results of this assessment lead to management decisions by the management of machine-building enterprises on the optimization of jobs, labor movement, internal and external staff rotation.

scholarly journals Questions for Improving the Quality of Machine - Building Enterprises Workforce Management in Post - Crisis Conditions

TEM Journal ◽  
2020 ◽  
pp. 1543-1549
Author(s):  
Lyudmila M. Putyatina ◽  
Gennady V. Tikhonov ◽  
Lyudmila A. Lavrova ◽  
Natalia V. Arsenyeva
Keyword(s):  
Time Estimation ◽  
Machine Building ◽  
Theory And Practice ◽  
Work Time ◽  
Workforce Management ◽  
Production Staff ◽  
Development Level ◽  
Crisis Conditions ◽  
Building Enterprises

The article is dedicated to problems that include improving the quality of machine-building enterprises workforce management in post-crisis terms. There are the main specialties of crisis conditions in economy, which have to be taken into consideration while developing policy in enterprise's staff sphere. Actuality and novelty of the problem are in extension of the existing crisis, while studying its consequences we just need to analyze and summarize them by encompassing both theory and practice. The goal of research is finding out possible ways of recovering enterprises' activity, while going out of the crisis on the basis of all resources mobilization and especially labor ones. The methodological basis of research is fundamental works in enterprises' staff management and possibility of usage in modern conditions. The indicators, which define the improving of machine-building enterprises workforce management for defining the weakest places in making perspective routes of work with staff in post-crisis conditions, are considered in detail. Such routes as changing average headcount of industry production staff within the enterprise (IPS) and workers, recovering and improving staff structure, usage of work time, estimation of staff movement, estimation of staff quality, question of labor increasing growth, as an important economical criterion of their usage for enterprises' recovering to the before-crisis development level are studied.

scholarly journals DIFFERENCE OF ANALYTICAL AND ASSESSMENT INDICATORS IN ANTI-CRISIS MANAGEMENT OF MACHINE-BUILDING ENTERPRISES

2020 ◽  
Vol 8 (1) ◽  
pp. 121-125
Author(s):  
Maksim Syzganov
Keyword(s):  
Crisis Management ◽  
Economic Efficiency ◽  
Performance Indicators ◽  
Machine Building ◽  
Protective Measures ◽  
Financial Condition ◽  
Management Measures ◽  
Efficiency And Effectiveness ◽  
Enterprise Competitiveness ◽  
Building Enterprises

The article makes a distinction between analytical and estimated indicators, reveals the possibility of transforming analytical indicators into estimated (target) under certain situational conditions. Evaluation indicators are considered in the projections of express evaluation, prolonged evaluation and leading evaluation as components of four evaluation blocks - prospects: “Economic efficiency and effectiveness of the enterprise’s operations (production and commercial)”, “Financial condition of the enterprise”, “Enterprise competitiveness”, “Development enterprises ”. The features of the influence of industry specifics and the strategic situation on the choice of performance indicators at engineering enterprises are disclosed. The narrowness of considering crisis management measures only as protective measures is shown. The inflexibility and inconsistency in the development and use of the system of performance indicators at engineering enterprises of the Ivanovo region are illustrated.

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