scholarly journals The necessity of evaluation of deregulation processes in business environment of Ukraine considering the world practice

2021 ◽  
Vol 70 (3) ◽  
pp. 111-121
Author(s):  
M. Farion ◽  
V. Matsko
Keyword(s):  
Foreign Investment ◽  
Business Processes ◽  
Business Environment ◽  
Main Task ◽  
Business Climate ◽  
Industrial Base ◽  
Business Units ◽  
Doing Business ◽  
National Market ◽  
Primary Model

Deregulation is the basis for creating a national business model that should be close to European ones. Business climate in Ukraine has been characterized by unstable position that did not give opportunities to develop the national economy. Investors and entrepreneurs, during the period of independence, have noticed the cyclical character of the supporting level for doing business, it means that most state regulators justified their relevance, but many of them are ineffective, or are not relevant. The impossibility of business transparency has led to the reduction in the number of business units, as well as investment resources. The creation of favorable investment climate is the main task and object of the investigation for many scientific works. Transparency of the market, minimization of regulatory barriers and control bodies, as well as fair rules for organizing and doing business, can radically change the environment for business. Despite the attitude to Ukraine by foreign investors as for the country with significant business prospects, the level of foreign investment attraction remains low. Theoretically, it is assumed that with advantageous geographical provisions, industrial base and significant land resources, Ukraine has been able to triple capital in the conditions of existence of the favorable primary model of business management. The agrarian and energy industries could become dominant in attracting external capital. However, the recent years showed the significant reduction in foreign investment in the economy of Ukraine, and business players on the national market are trading, partially industry and construction, which also work at a small level of profitability, and the current economy state proves that these sectors cannot significantly effect on its development in perspective. Thus, searching for possible ways to improve the business environment, where the key indicator is the deregulation of business processes, remain relevant and should become the basis for economic reform without which Ukraine will not be able to become a highly competitive state, and therefore economic uncertainty will continue to affect its development negatively.

scholarly journals Advantages, Disadvantages and the Performance of Foreign Direct Investment in the Republic of Kosovo 2008-2019

2020 ◽  
Vol 4 (1) ◽  
pp. 14-19
Author(s):  
Getoar LUBENIQI
Keyword(s):  
Economic Development ◽  
Foreign Direct Investment ◽  
Foreign Investment ◽  
Direct Investment ◽  
Business Environment ◽  
Business Climate ◽  
Foreign Investments ◽  
Advantages And Disadvantages ◽  
Doing Business ◽  
The Republic

Economic development is an aspiration for every country in the world including Kosovo. Foreign Direct Investment (FDI) plays a very important role in the economic development of Kosovo which is in the process of transition. For Kosovo, it is essential to have an accelerated pace of economic growth, lower unemployment, higher quality of life, lower demographic migration and lower poverty rates, thus attracting FDI has a direct and very important role to play. Although Kosovo has a large number of advantages for attracting foreign investment, there are also a number of challenges or disadvantages that are very evident which negatively impact on current and potential investors in the future. Based on the data analysis, the overall trend of FDI has declined in recent years, therefore it is very important for Kosovo to develop further steps to improve the business climate in Kosovo and attract foreign investments. The purpose of this paper is to analyze the performance of FDI in Kosovo 2008-2019, to analyze the advantages and disadvantages of doing business in Kosovo, to identify where Kosovo stands in terms of doing business and what is new for Kosovo in a way that improve the business environment and attract foreign investment. To achieve this goal of comparative analysis and identification, the integrative review method was used.  Key words: Republic of Kosovo, Direct Foreign investments, Business environment, Economic Development, Doing Business.

scholarly journals ACTUALIZATION OF PROBLEMS AND NOVELS OF THEORETICAL AND LEGAL SEGMENTS OF CERTAIN BANKRUPTCY PROCEDURES

2020 ◽  
Vol 73 ◽  
pp. 87-94
Author(s):  
Vitaliy Kadala ◽  
◽  
Olena Guzenko ◽  
Keyword(s):  
Business Environment ◽  
Point Of View ◽  
Entrepreneurial Activity ◽  
Main Task ◽  
Doing Business ◽  
Management Measures ◽  
Legislative Regulation ◽  
Definition Of ◽  
Design Options ◽  
Legal Entities

The article is devoted to the issues of actualization of problems and novelties in the context of theoretical and legal segments of the bankruptcy procedure. The activities of economic entities are influenced by external and internal factors, but the issues of their solution remain in most cases in the discussions of politicians, scientists and representatives of the business environment. The effectiveness of legal entities has recently proved that the application of bankruptcy proceedings has intensified. However, remediation issues do not always have and receive adequate support. The consequence of these phenomena is the cessation of activities not only of small and medium-sized businesses, but also of individual large businesses. The main task of modern enterprises on the verge of bankruptcy is to develop tools and tools that allow to predict and analyze potential crises, to design options for their resolution and the appropriate information and economic base of management. Practical entrepreneurial activity proves that a number of issues remain unresolved and need more in-depth research and attention. This phenomenon indicates the modernity and relevance of the study given the realities of the functioning of legal entities. The article draws attention to the legislative regulation of bankruptcy procedures, identifies the priorities of legislative initiatives. The question of the scientific position of scientists concerning the characteristic of the conceptual categories "bankruptcy" and "remediation" is investigated. The author's vision of the essential characteristics of these categories is given, the substantiation of expediency of their adaptation in activity of domestic enterprises is given. A package of anti-crisis management measures has been developed taking into account the current realities of doing business. Proposals for improving the legislative regulation from the standpoint of reorganization procedures are presented. The development, approval and adaptation of the "Regulations on the stages of remediation" is proposed. From the author's point of view, it is expedient to include in the structure of the legislative regulator: conceptual apparatus for reorganization procedure, definition of methods and techniques of evaluation of clearly defined criteria with establishment of their normative limits, coverage of monitoring procedures.

scholarly journals Ukraine: Facing Default Under Conditions of Global Uncertainty

2015 ◽  
Vol 5 (2) ◽  
pp. 1-10
Author(s):  
Zhuk Pavlo
Keyword(s):  
Foreign Investment ◽  
Global Financial Crisis ◽  
Political Crisis ◽  
Business Climate ◽  
Limited Growth ◽  
Transparency International ◽  
Doing Business ◽  
The Global Financial Crisis ◽  
Global Uncertainty ◽  
Deep Recession

AbstractUkraine faces a threat of full-fledged default and deep financial and political crisis. The current deep recession is the country's second major economic crisis in ten years. Ukraine was severely affected by the global financial crisis in 2008, with its economy shrinking by 15% in 2009. The economy remained weak in the aftermath, as former government caused the business climate worsening. The lack of reforms limited growth of GDP to just 0.3% in 2012 and remained static in 2013. By the end of 2013, Ukraine was already on the brink of collapse. The conflict in the eastern part of the country has further exacerbated the recession. Today the sources of economic growth in Ukraine have been exhausted, and the country is strongly increasing its debts trying to attract foreign investment. The government’s reform efforts have so far failed to significantly improve the country’s business climate. Ukraine is ranked 83rd out of 189 countries in the latest World Bank's ‘Doing Business’ 2016 index. This score is the second worst in Europe. Ukraine is still considered the most corrupt country in Europe as well (rated at number 142 out of 175 by Transparency International in 2014). The persistent state of war has disrupted industrial production, which is mainly located in the eastern part. The article elucidates recent events in Ukraine as well as gives a brief historical overview. The influence of misleading governance of economic situation is revealed. The positive scenario, in which Ukraine overcomes default, is unlikely to happen unless the firm measures are to be taken.

Kazakh business climate improves but needs reform

2019 ◽  
Keyword(s):  
Foreign Investment ◽  
Business Environment ◽  
Business Climate ◽  
Economic Diversification ◽  
Content Type ◽  
Low Level ◽  
Catching Up ◽  
Political Succession

Subject The business climate in Kazakhstan. Significance Kazakhstan is improving its score as a business environment but much remains to be done. Corporate regulation has improved and anti-corruption efforts have been undertaken, albeit with uneven effect. Major privatisations often do not happen or end up redistributing assets within Kazakhstan. A recent restructuring of ministerial responsibilities seems likely to complicate rather than simplify the task of attracting foreign investment. Impacts Aside from structural issues, unanswered but increasingly urgent questions of political succession will weigh on investor interest. The low level of economic diversification limits the pool of investor opportunities. Kazakhstan will continue to be the main regional magnet for FDI but Uzbekistan may start catching up.

Improving Business Processes by Visual Workflow Platform

2011 ◽  
Vol 204-210 ◽  
pp. 1051-1056
Author(s):  
Lang Cai Cao ◽  
Jian Luo
Keyword(s):  
Business Process ◽  
Business Processes ◽  
Business Environment ◽  
Work Efficiency ◽  
Process Data ◽  
Business Units ◽  
High Level ◽  
Share Information ◽  
Track Status ◽  
Current Business

With ever-changing and fast-changing in current business environment, traditional business process is more and more incapable to meet the demand to share information, visualize both high-level and detailed process data, track status and expedite business processes. To address these challenges, the visual workflow platform is introduced. As proven by an industrial case, the workflow platform can greatly help business units to improve work efficiency.

scholarly journals ВИКОРИСТАННЯ ІНСТРУМЕНТАРІЮ БЕНЧМАРКІНГУ ДЛЯ ЗМІЦНЕННЯ КОНКУРЕНТНИХ ПОЗИЦІЙ МАЛОГО ТА СЕРЕДНЬОГО БІЗНЕСУ

2020 ◽  
Vol 141 (6) ◽  
pp. 60-72
Author(s):  
Настя П. Савчук
Keyword(s):  
Textile Industry ◽  
Business Performance ◽  
Business Processes ◽  
Business Environment ◽  
Impact Factors ◽  
Management Decision ◽  
Business Success ◽  
Environment Impact ◽  
Competitive Position ◽  
Business Units

The article seeks to explore the nature and content of benchmarking to provide insights to such distinctive features of benchmarking as on-going (continuous) character of the process; the need to study, adopt and adapt the best practices; self-improvement; and the due regard to business (operational) processes. The study offers a classification of benchmarking projects by the criteria of relevance of their results and the implementation timeline. Thus, each competitive position is linked to a corresponding degree of business processes upgrade (Level 1); competitiveness increase (maintenance) (Level 2) and improvement of a competitive position (Level 3) along with revealing the backbone principles of competitive benchmarking as to competitive positions. Within the scope of this research, benchmarking of competitive positions has been carried out through analysing continuous improvement of small and medium-sized business performances.  The study presents a methodological framework on the use of a combination of key metrics (indicators) that take into account the external and internal business environment impact factors to assess the effects of the key factors of business success on small and medium-sized business performance indicators. Apart from that, an original approach has been developed to identify a competitive position level for small and medium-sized businesses to support their management decision-making process which accommodates the benefits of a multifaceted assessment and benchmarking of external business units and SMEs by the four groups of business units and six groups of reference indicators. The study also provides sound reasoning to management diagnostics procedures to enhance competitive positioning of small and medium-sized businesses through the implementation of an integrated set of indicators of integrity and adequacy of the competitive positioning model. Based on benchmarking, a range of management tools was generalized. The proposed methodology on identifying the business development level was tested on JSC "Cherkasy Liubava knitwear". A number of promising areas to develop competitive positions of small and medium-sized enterprises in the textile industry have been identified. The study argues that inefficient and ineffective implementation of benchmarking projects might result from the inability to "minimize restrictions (barriers)" caused by the wrong choice of the reference business unit.

scholarly journals TRENDS AND CHALLENGES IN THE FIELD OF CONSULTING AND BUSINESS PROCESSES MANAGEMENT

2021 ◽  
Vol 12 (2) ◽  
pp. 151-159
Author(s):  
Marta Kopytko ◽  
◽  
Mariana Veresklia ◽  
Keyword(s):  
Service Sector ◽  
Business Processes ◽  
Business Environment ◽  
Economic Security ◽  
Business Units ◽  
Consulting Services ◽  
The World ◽  
Seeking Help ◽  
Fruitful Cooperation ◽  
The Impact

The article, based on the analysis of the evolution of the service sector, examines the scientific and theoretical foundations of consulting activities, highlighting aspects of the structure, types of consulting, as well as the reasons for the demand for consulting services. In the process of scientific research is determined by the use of methods of analysis, synthesis, grouping, formed the conditions for the spread of demand for consulting services in the world. It is determined that the problems that arise in modern enterprises and the significant level of uncertainty in the business environment, which causes uncertainty for managers, necessitate seeking help. The rapid progress of management consulting is also due to the lack of agreed standards (as opposed to such types of consulting as law or accounting), which allows almost any specialist, even a little knowledgeable in this matter, to consult. Today, there is a trend of colonization by American and European consulting markets in Asia, India and Eastern Europe. Thanks to this geopolitics, leading consulting firms receive more than a third of their profits. Recently, counselling in the social and public sectors has become attractive and profitable. Significant attention in the study is focused on the level of competition in the field of consulting in the world. Therefore, it is determined that the effectiveness of counseling directly depends on the personal participation and professionalism of a particular counselor. In this regard, the mutual understanding of the consultant and the client and their fruitful cooperation become especially important. The problems, tendencies and challenges faced by enterprises that require the involvement of external business consultants are analyzed, as well as the problems that accompany consulting companies in the process of activity. The analysis emphasized the peculiarities of the process of managing business units, as well as the impact on the level of economic security of economic entities.

Economic security of economic entities: Theory and the current practice

2020 ◽  
Vol 26 (9) ◽  
pp. 1970-1983
Author(s):  
L.A. Chaldaeva ◽  
A.A. Kilyachkov
Keyword(s):  
Business Processes ◽  
Current Practice ◽  
Systems Approach ◽  
Business Environment ◽  
Economic Security ◽  
Professional Activities ◽  
Business Units ◽  
Security Service ◽  
Comparison Results ◽  
A Company

Subject. This article discusses the issues related to the safety of a business entity's activities. Objectives. The article aims to determine the position of the security service of a company in its business processes and the specifics of its implementation in the Russian business environment. Methods. For the study, we used a systems approach and comparison. Results. The article says that in the conditions of steady-increasing complexity of production processes, the security service functionality should be expanded not through an increase in the number of its employees only, but through involving specialists of the company's business units to perform certain functions that ensure the company's safety, as well. Conclusions. All employees of the company should be concerned about and deal with the issues of economic security in terms of their professional activities and the work they perform. They also should be able to act in crisis situations.

scholarly journals The Development of Information System with Strategic Planning for Integrated System in the Indonesian Pharmaceutical Company

2020 ◽  
Vol 10 (1) ◽  
pp. 721-732
Author(s):  
Ford Lumban Gaol ◽  
Suci Rahayu ◽  
Tokuro Matsuo
Keyword(s):  
Information System ◽  
Information Systems ◽  
System Integration ◽  
Business Processes ◽  
Deep Understanding ◽  
Business Environment ◽  
Development Stage ◽  
Integrated System ◽  
Business Units ◽  
Use Of Technology

AbstractThis research aims to develop an integrated information system for pharmaceutical companies in Indonesia, which has separate business units in two different locations. An Integrated System is needed to provide the value of competence in the technology and information systems that companies use in their business processes. The development stage starts from the assessment and understanding of the current situation both in the business environment and the IS/IT environment. The business environment includes the internal business environment and external business environment.Similarly, the IS/IT environment which includes internal and external IS/IT environments. With a deep understanding of current conditions, it can be determined the Information System(IS) strategy, Information Technology(IT) strategy and future IS/IT strategies. This study reveals the following results: The absence of good system integration with the business units involved makes the company in a weak position. But in terms of opportunity is quite high so that the use of technology and information systems that fit business needs is recommended in this study. The results of this study recommends some applications that can solve problems commonly experienced by companies such as system integration and business process automation to achieve more efficient and effective business processes.

scholarly journals EXPORT OF ENTREPRENEURIAL CULTURE: CASE STUDIES FROM FINLAND AND GERMANY

2020 ◽  
pp. 40-47
Author(s):  
A.B. Ilin ◽  
◽  
Yu.S. Sizova ◽  
Keyword(s):  
Business Processes ◽  
Intercultural Sensitivity ◽  
Business Environment ◽  
Entrepreneurial Activity ◽  
State Support ◽  
Future Performance ◽  
Doing Business ◽  
Entrepreneurial Culture ◽  
Relationship Of ◽  
The Relationship

Relevance: one of the accumulation key areas of macroeconomic stability — entrepreneurial activity, faced country’s insurmountable difficulties in 2020. Supporting the business sustainability, it is ready to overcome these difficulties only with the participation of the parties concerned. First of all, entrepreneurship support is the authorities responsibity, and it has already come to life in Russia and in other countries of the world. For their future performance, companies will be influenced by the relationship of society to business and by the business participants, such as as founders, owners, employers. It is obvious, that in the conditions of the current coronavirus pandemic some companies face uncertainty, discordance, and they do not accept forced downtime participation in the business processes. Entrepreneurship support, business support institutions, relationship of companies’ entrepreneurial activity and stakeholders formed the conceipt «entrepreneurial culture». The level of its development will depend, on national-cultural characteristics, which will be reflected in the study. Purpose: to highlight the parametric dilemmas of the national entrepreneurial culture, to evaluate their actions as exemplified by Finland and Germany. Methods and methodological apparatus of the study: models of entrepreneurial culture: cultural dimensional characters by G. Hofstede; the development model of intercultural sensitivity by M. Bennett; cultural dimensional characters by F. Trompenaars and C. Hampden-Turner; parametric dilemmas of the national entrepreneurial culture by Yu. S. Sizova and A. B. Ilyin [6]. Main results: the concept of entrepreneurial culture is defined; the models of entrepreneurial culture and the restrictions on their use are noted; authors dilemmas of entrepreneurial culture and their use in Finland and Germany are presented and the features of entrepreneurial culture of these countries are determined. Scientific novelty: for the study of entrepreneurial culture, a complex elements that includes the parametric dilemmas of national entrepreneurial culture as the lack of state support — the attendance of state support was defined: «lack of state support — state suppor existance»; «restrictions for non-resident entrepreneurs — neutrality for non-resident entrepreneurs»; «lack of support institutions — support institutions existence»; «noncompliance to national features in doing business — compliance to national features in doing business»; «lack of the laws supporting entrepreneurial activity — availability of laws supporting entrepreneurial activity»; «lack of business controlling by the supervisory authorities — existence of business controlling by the supervisory authorities»; «adverse business environment — conducive business environment». Practical relevance: the results of the study may be used by enterprises of different levels.

Sign in / Sign up

Export Citation Format

Share Document