scholarly journals Assessing the Operation Security of Trade Enterprises in the Modern Business Environment

2020 ◽  
Vol 12 (515) ◽  
pp. 454-460
Author(s):  
M. M. Mukhina ◽  
Keyword(s):  
Financial Stability ◽  
Business Environment ◽  
Stable Operation ◽  
Situational Analysis ◽  
Wear Coefficient ◽  
Diverse Range ◽  
Fixed Assets ◽  
The Matrix ◽  
Modern Business ◽  
Development Area

The article explores the features of assessing the operation security of trade enterprises in the modern business environment. It is proved that the combination of different methods of situational analysis, e. g. SWOT and PEST methods, allows expanding the external and internal factors under research, which can be taken into account within a diverse range of possible management recommendations. Monitoring of key factors of SWOT analysis allows to develop efficient anti-crisis management strategies that ensure the constant readiness of enterprises to the onset of a crisis, and to adjust them in accordance with changes in the external and internal environment. An improved approach to monitoring the internal and external environment of enterprises based on the integrated use of both SWOT and PEST analysis techniques allows timely detection of crisis situations with adjustment of development strategies. It is proved that precisely the innovative factor is dominant in shaping the trajectory of economic development of trade enterprises. This determines the possibility of moving to a qualitatively new level of development, which, in turn, requires conscious and purposeful management of financial security at the enterprise. The matrix of financial stability of the trade enterprises’ activities is constructed. Four areas of the matrix are distinguished: stable operation area; active development area; sustainable development area; unstable operation area. It is recommended to take into account in the areas of the matrix the wear coefficient of fixed assets, due to the eventual situation when the wear coefficient of fixed assets should be reduced to increase stability. This is suggested to be displayed using a vector directed towards the beginning of the coordinates.

scholarly journals THE EFFECTIVENESS OF ENSURING THE FINANCIAL STABILITY OF THE RESTAURANT BUSINESS IN THE CRISIS COVID-19

2020 ◽  
Author(s):  
Liudmyla Batchenko ◽  
◽  
Liliia Honchar ◽  
Andrii Beliak ◽  
◽  
...  
Keyword(s):  
Financial Management ◽  
Financial Stability ◽  
Hospitality Industry ◽  
Business Environment ◽  
Financial Indicators ◽  
Financial Condition ◽  
The Matrix ◽  
A Chain ◽  
Key Indicators ◽  
Enterprise Policy

The study identifies and systematizes key indicators and criteria for ensuring the financial stability of the restaurant business. The complex and thorough analysis of features of maintenance of financial stability of the enterprises of restaurant business on an example of one of restaurants of a chain of the Japanese kitchen of LLC «Sushiya» is carried out. After analyzing the key indicators of financial and economic activity of the restaurant, using the method of complex calculation of the rating of the financial condition of enterprises in the hospitality industry, the level of financial stability of the studied enterprise is determined. Based on the results of practice-oriented analysis, the ranking of financial management goals by the degree of impact on the financial stability of the enterprise. The mechanism of ensuring financial stability of restaurant business enterprises is modeled. The developed and substantiated mechanism is based on a unique methodology, which, unlike existing ones, is adapted to the field of hospitality, is carried out by specific tactical and strategic tools of financial management, based on the chosen type of enterprise policy; takes into account the dynamics of the main financial indicators of the enterprise, which is planned to implement the mechanism and the possible impact of factors of the external changing business environment. With the help of the matrix of financial strategies of J. Franchon and I. Romane, the position of the restaurant «Sushiya-Lavina» is determined and the methodological tools for improving the efficiency of its financial stability are substantiated.

scholarly journals Managing substitutive and complementary technologies in cultural institutions

2020 ◽  
Vol 25 ◽  
pp. 1-10
Author(s):  
Artur Modlinski ◽  
Luis Moreira Pinto
Keyword(s):  
Work Performance ◽  
New Technologies ◽  
Business Environment ◽  
Cultural Institutions ◽  
Business Organizations ◽  
Technological Environment ◽  
The Matrix ◽  
Modern Business ◽  
Control Work ◽  
Opera Houses

Digitalization and artificial intelligence are changing modern business organizations. New technologies help to analyze business environment, track customers, control work performance and improve prod-ucts. The aforementioned phenomenon has received considerably little attention in current literature on culture management. Our goal is to find (1) what types of technologies are used by cultural institutions (CIs) and (2) for what reason. The hypothesis of the article is that CIs use various technologies and tools. Websites, leaflets and audiovisual materials of 139 CIs around the world (theaters, art galleries, opera houses, museums) were analyzed. It was found that CIs use both complementary (CT) as well as substitutive technologies (ST) for managerial and mission-oriented purposes. In our article, the matrix of technologies used by CIs is proposed. Our findings suggest that CIs adapt to changing technological environment by implementing tools that support them in the mission’s fulfillment and management. Moreover, new technologies are used by CIs as both employees’ reinforcement as well as their replace-ment.

scholarly journals Knowledge in the model of dynamics and stability of an industrial enterprise

2021 ◽  
Vol 112 ◽  
pp. 00034
Author(s):  
Sergey Chuprov
Keyword(s):  
Financial Stability ◽  
Statistical Physics ◽  
Business Environment ◽  
Industrial Enterprise ◽  
Stable Operation ◽  
Industrial Enterprises ◽  
Control Information ◽  
Level Of Knowledge ◽  
The Stability ◽  
Properties Of Information

The formation and development of the knowledge economy logically lead to the need for an indepth study of the nature and properties of information in economic systems. The priority value of the information resource and knowledge in the activities of industrial enterprises is determined both by the prospects for the development of science-intensive products and their competitiveness in the world and domestic markets, and by the desire to ensure the stable operation of the enterprise in a highly disturbed business environment. With the search and analysis of the dependences of the production, financial and economic processes taking place in them on the control information, the systemic interaction of the enterprise resources and the dynamics of key indicators of the activity of industrial enterprises are revealed.From the standpoint of thermodynamics, statistical physics and cybernetics, it is proposed to spread the information concept of V. Trapeznikov to substantiate and modelling the dependence of a number of economic and financial indicators on the amount of accumulated information in the controlled complex of an industrial enterprise.Modeling and interpretation of the relationship between the volume of control information with the uncertainty of the functioning of an industrial enterprise and the achieved level of knowledge about it is carried out. The condition for the stability of the indicator of the effect of activity and the financial stability of the enterprise (autonomy ratio) is formulated. The mathematical condition for the range of changes in the level of knowledge of industrial enterprises has been substantiated.

scholarly journals A model for analyzing the financial stability of banks in the VUCA-world conditions

2021 ◽  
Vol 16 (1) ◽  
pp. 182-194
Author(s):  
Svitlana Khalatur ◽  
Liudmyla Velychko ◽  
Olena Pavlenko ◽  
Oleksandr Karamushka ◽  
Mariia Huba
Keyword(s):  
Financial Stability ◽  
Business Environment ◽  
European Countries ◽  
Series Data ◽  
Regression Equations ◽  
Eastern European ◽  
Macroeconomic Indicators ◽  
Modern Business ◽  
Eastern European Countries ◽  
The Impact

VUСA is a chaotic and rapidly changing business environment that, based on the variability, uncertainty, complexity and ambiguity of the modern world, transforms the approach of banks to the analysis of financial stability. The aim of the paper is to improve tools for monitoring the impact of VUCA-world conditions on the financial stability of banks, namely a model for studying and analyzing the impact of the modern business space “VUCA” on the financial stability of the country's banks. To test the model, the method of constructing regression equations in multifactor regression analysis is used. For this study, data from some Eastern European countries (Ukraine, Belarus, Latvia, Lithuania, Moldova) were used, and time series data were used for 10 years from 2010 to 2019.Having considered the definition of “VUCA-world conditions”, the model of modern business space “VUCA” was developed when analyzing the activity of banks in the studied countries. Drivers, consequences, requirements and macroeconomic indicators of the countries’ activities in the VUСA-world conditions are determined. The VUCA-world conditions also consider the study of key macroeconomic indicators that allow building long-term relationships throughout the value chain. The analysis of the studied Eastern European countries showed that with the increase of factors of GDP growth, GNI per capita growth, research and development costs, foreign direct investment, and net inflow of 1%, the effective ratio of bank capital and assets also increases. The assessment, in contrast to the existing ones, makes it possible to consider the impact of the macroeconomic environment of banks on their financial stability.

scholarly journals CREATING ENTERPRISE FINANCIAL STABILITY CONTROL TOOL USING FUZZY LOGIC METHODS

2018 ◽  
pp. 131-138
Author(s):  
Alina Valerievna Bodnar
Keyword(s):  
Fuzzy Logic ◽  
Financial Stability ◽  
Fuzzy Inference ◽  
Business Environment ◽  
Stability Control ◽  
Financial Condition ◽  
Managerial Decisions ◽  
Modern Business ◽  
On Line ◽  
Integral Indicator

In the current economic and political situation the existing methods and models of analyzing and consolidating financial statements in the information architecture of an enterprise do not meet modern business environment criteria. The article presents a model built by using the fuzzy logic apparatus, managing the financial stability of the enterprises of the consolidated group using MATLAB toolkit and FuzzyLogic software package. The model is based on an integral indicator of the financial performance of the enterprise. The key performance indicators have been formed allowing to comprehensively assess the financial condition of the enterprise and the level of its financial stability. The presented indicators go through the stage of fuzzification, where eache factor is given a membership function, a decision and defuzzification stage, i.e. reduction of the resulting a fuzzy value to clarity. Application of Mamdani fuzzy inference algorithm allows to obtain a clear value of the integral indicator of the financial state of the enterprise. The obtained value allows to take on-line operational management decisions. The developed model has been applied to assess the financial state of “Metinvest Holding” enterprise, to identify its weak and strong sides, as well as to propose ways to improve its activities and possible options for taking managerial decisions. It has been inferred that fuzzy logic methods make it possible to analyze the financial stability of consolidated groups of companies under conditions of uncertainty, for example, in those cases when there is not any full-fledged statistics, or that non-financial data should be included in the number of investigated indicators. There have been used general scientific methods: generalization, abstraction, analogy, induction and deduction, a systematic approach and toolkit of fuzzy modeling to assess financial state of the enterprise and to manage its stability, as well as methods of scientific cognition.

SIGNIFICANCE OF ECOSYSTEM FUNCTIONS OF SPECIAL GREENING TERRITORIES

2020 ◽  
Author(s):  
N.N. Krupina ◽  
Keyword(s):  
Land Use ◽  
Environmental Protection ◽  
Ecosystem Approach ◽  
Ecosystem Functions ◽  
Situational Analysis ◽  
Ecological Situation ◽  
Barrier Potential ◽  
Industrial Cities ◽  
The Matrix ◽  
Industrial Zones

Based on the analysis of the tense ecological situation in the industrial zones of industrial cities, the role and place of special landscaping areas in the implementation of national projects is substantiated. From the perspective of the ecosystem approach, a set of requirements and a list of priority optimization decisions regarding the planning organization of environmental protection landscaping are proposed. The matrix of situational analysis of the state and the composition of indicators for assessing the barrier potential of a territory with a special land use regime are presented.

A DATA DEFENSE STRATEGY FOR MODERN BUSINESS ENVIRONMENT

2018 ◽  
Vol 9 (1) ◽  
pp. 21-26
Author(s):  
FLORIN OGIGAU NEAMTIU ◽  
Keyword(s):  
Business Environment ◽  
Defense Strategy ◽  
Modern Business

Business Environment in West Bengal: An Ethical Issue

Think India ◽  
2016 ◽  
Vol 19 (1) ◽  
pp. 35-41
Author(s):  
Sreekumar Ray
Keyword(s):  
West Bengal ◽  
Balance Sheet ◽  
Business Environment ◽  
Business Practices ◽  
Ethical Business ◽  
Industrial Growth ◽  
Long Run ◽  
Fixed Assets ◽  
Finance Company ◽  
Set Up

Ethics in Business are keywords in any business environment which are lacking in most of the cases. In a broad sense ethics means not to cheat others and to do the business in an honest way, to abide by the rules and regulations of the soil, and above all to keep the morale high so that the business can grow to a new height in long run. Unfair means and unethical business practices to earn money quickly are often fraught with the danger of losing the business permanently or losing the goodwill and respect of society. West Bengal has got bad reputation for industrial growth and fake chit funds and it has been named as ponzy capital of India by many as 72 out of 86 fake chit funds are in the state of West Bengal (as per the Report of Ministry of Corporate Affairs, Govt. of India). On the other hand the micro finance company Bandhan which has got Banking license last year (set up in 2001 in West Bengal) and Eins Edutech the company which was originally incorporated on March 9, 1983, as Ganpat Udyog in West Bengal are worth mentioning and at ease one can feel proud of them. As on 17th April, 2015 the latter company has got market capital of Rs.700 crore with its fixed assets, as per its balance sheet, as only two cell phones and one printer. As per monthly status of Bandhan in February 2015 it has 2,022 branches, 63,66,269 borrowers, 15,956 staff, loan disbursed for the month Rs.1,572 crores, and loan outstanding Rs.8,908 crores. Under such situation, this study focuses on the ethical business environment prevailing in West Bengal and the strategies adopted by them.

Financial Risks of the Bank: Assessment and Mechanism of Neutralization

2020 ◽  
Vol 22 (1) ◽  
pp. 6-12
Author(s):  
Nelia Volkova ◽  
◽  
Alina Mukhina ◽  
Keyword(s):  
Risk Assessment ◽  
Financial Stability ◽  
Financial Risk ◽  
Stable Operation ◽  
Financial Risks ◽  
Negative Consequences ◽  
Conceptual Approach ◽  
Relevant Today ◽  
Banking Institution ◽  
The Impact

Abstract. Introduction. The issue of financial risk management of commercial banks is quite relevant today, because the activity of banks is the most risky of all. The presence of risks in banking can lead to unexpected losses, namely the loss of own resources. That’s why for the stable operation of the bank without loss the priority is to assess the financial risks, which is the basis for their further neutralization. Purpose. The purpose of the article is to develop conceptual provisions for assessment financial risks and justifying the need to neutralize them. Results. The article analyzes the impact of risks on the financial stability of a banking institution. The main methods of bank risk assessment are considered. All these include the statistical method, the analytical method, the expert method, the analogue method and the combined method. The necessity of neutralization of financial risks in order to avoid negative consequences is substantiated. Also the methods of bank risks neutralization are considered. It should be noted that these methods of neutralization can not only be used, but also supplement the list with new methods must be done, which in the future will protect the bank from the influence of undesirable factors. A conceptual approach to the assessment and neutralization of financial risks is proposed. This conceptual approach aims to ensure effective assessment of the level of risk with their subsequent neutralization Conclusions. Use of a conceptual approach will allow an effective risk assessment and decision-making to avoid or accept risk. Thanks to using this approach, the banking institution will be able to react swiftly to the presence of financial risks and to prevent the occurrence of negative consequences, which may lead to a violation of the financial stability of the bank.

FINANCIAL CONTROLLING IN THE SYSTEM OF FINANCIAL MANAGEMENT

2018 ◽  
Vol 28 (1) ◽  
pp. 137-141
Author(s):  
Petya Yordanova – Dinova
Keyword(s):  
Comparative Analysis ◽  
Financial Management ◽  
Financial Stability ◽  
Business Environment ◽  
Innovative Approach ◽  
Financial Sustainability ◽  
The Common ◽  
The Difference ◽  
Effective Use ◽  
And Control

This paper explores the comparative analysis of the financial controlling, who is a result from the common controlling concept and the financial management. In the specialized literature, financial controlling is seen as an innovative approach to financial management. It is often presented as the most promising instrument of financial diagnostics. Generally speaking, financial controlling is seen as a process of managing the company`s assets which are valued in monetary measures. The difference between the financial management and the financial controlling is that the second covers all functions of management, analysis and control of finances, aiming at maximizing their effective use and increasing the value of the enterprise. Financial controlling is often seen as a function of the common practice of financial management. Its objective is to preserve the financial stability and financial sustainability of enterprises operating in a highly aggressive business environment.

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