scholarly journals The pandemic impact on franchising

2021 ◽  
Vol 71 (4) ◽  
pp. 50-58
Author(s):  
M. Shkurat ◽  
◽  
A. Lehoida ◽  
Keyword(s):  
Business Model ◽  
National Economy ◽  
World Economy ◽  
Service Sector ◽  
Work Organization ◽  
Direct Influence ◽  
The World ◽  
Set Up ◽  
Difficult Times ◽  
Franchise Networks

Mid-March 2020 made adjustments in all areas of our normal lives. All spheres of the world economy suffer from huge losses. This results in inevitable changes that should be made quickly and appropriate measures requiring their immediate implementation. Absolutely all countries suffer from COVID-19 pandemic consequences and its devastating impact on all areas of the national economy. The franchising field is not the exception. According to statistics, the largest number of franchises of the service sector, which is the most one suffering from the introduction of strict quarantine measures. The lack of permission for full-fledged work, as in the pre-quarantine period, left some networks without any revenue at all. This was the impetus for changing the formats of franchises, if possible, or for their complete closure. After all, not all franchisors could pay royalties at low earnings, and some even had to face their complete absence. Therefore, closing for some formats was the best solution. Those who managed to preserve the format, with possible changes, faced a new reality, where it was necessary to take into account not only the interests of consumers, but also the new quarantine rules. That is why the analysis of franchising during the pandemic is very important. The work of franchising during COVID-19 pandemic, quarantine and post-quarantine measures are analyzed in this paper. Their direct influence on the work organization is analyzed as well. Analysis of the potential entrepreneurs readiness to buy franchise in comparison with the purchase of ready-made business model and starting your own business from scratch is carried out. The main world directions where it is important to open and develop franchise networks to be relevant and in demand are identified. It is considered how domestic networks respond to the quarantine measures, which anti-crisis means are used for their enterprises, which new formats are set up on the basis of the main enterprises. The loyalty of some franchisors and their anti-crisis measures for the franchisee are also investigated. The loyalty of some owners makes it possible to maintain their network in economically difficult times.

POSSIBILITIES OF REALIZATION OF SERVICE SECTOR POTENTIAL IN THE GLOBAL ECONOMY

2021 ◽  
Author(s):  
Oksana Melnichuk
Keyword(s):  
International Trade ◽  
Gross Domestic Product ◽  
Global Economy ◽  
World Economy ◽  
Service Sector ◽  
Developing Economies ◽  
Domestic Product ◽  
Trade In Services ◽  
Services Sector ◽  
The World

The relevance of the study is due to the growing role of services in the world economy. Trade in services has become the dominant driver of economic growth and development in both developed and developing economies. Since the 1980s, data suggest that there is a stronger relationship between trade in services and gross domestic product (GDP) than in the case of commodity growth and GDP. It is noted that the quality of policies, regulations and institutional frameworks is a key factor in determining the effectiveness of services. As services are increasingly subject to liberalization through multilateral and regional trade agreements, it is important that countries develop harmonized approaches to internal regulation and trade liberalization in the services sector. The article identifies the features and characteristics of the service sector as a factor of multifaceted development and growth. The dynamics of international trade in services by geographical structure and types of development of countries is studied on the basis of statistical data of international organizations, taking into account the impact of the pandemic. It is noted that international trade in services is becoming an increasingly important part of global commerce. The problematic aspects of the activity of small business entities to enter foreign markets of services are considered. The issue of urgency of digital economy development for the sphere of services and contribution to world markets is outlined. Opening up the services sector has the potential to bring great benefits and deserves more attention. Further prospects for the realization of entrepreneurial potential in a comprehensive global economy are outlined. It is noted that services are an important part of the world economy, generating more than two-thirds of world gross domestic product (GDP), attracting more than three-quarters of foreign direct investment in developed economies, and creating most of new jobs worldwide. Establishing effective coordination mechanisms between trade negotiators, policymakers and regulators will be an important tool for the development of the global economy.

scholarly journals The Impact of Globalization on Economic Growth

Economics ◽  
2021 ◽  
Vol 104 (10-12) ◽  
pp. 99-109
Author(s):  
Mariam Dzebisashvili Mariam Dzebisashvili
Keyword(s):  
Economic Growth ◽  
National Economy ◽  
World Economy ◽  
English Word ◽  
Major Influence ◽  
Modern World ◽  
Human Society ◽  
Trade Integration ◽  
The World ◽  
The Impact

Twentieth century for the world economy is associated with a range of processes that involve a broader scope. The important issue in the order is at stake and at the same time the internationalization stage - Globalization. It discusses the developmental processes of the world in the socio-economic context. We are globalized as an accelerating factor. In addition to the destruction, it also contributes to modernization. The English word "globe" means Globe, while "global" - the world. Globalization -the modern English word is to make changes in the world economy and society. More precisely, the globalization of the economy is one of the components of globalization that includes several aspects: • Liberalization of Economics; • Development of trade; • Integration of countries in the modern world community; • To increase the service market; • Make investments. Globalization is a major influence on the economy of all countries. It deals with the process of creation of goods and services, the use of force, investing in "physical" capital, technologies and their spread to other countries. In the end, everything is expressed in the production and labor efficiency. The article-"The Impact of Globalization on Economic Growth" deals with the modern actual issues of globalization and its impact on the national economy. According to the author’s explanation, the globalization is the process of formation the world as an economic, technological, political and cultural entity through conditions of maintaining the statehood and national identity of the concrete countries. Globalization has the objective as well as the subjective features. That’s why the globalization includes unprecedented possibilities for development of human society as so as it threats of its existence. The positive results have been achieved only when any exposures of abuse are excluded and all decisions are received as a result of common consensus. The other trends of globalization might be ended with disaster. Globalization influences all sectors of national economy, including unemployment. In the article into detailed form are discussed the positive and negative sides of influence that globalization has on the national state and economy. In Summary, it seems that globalization involves both the development of human society and its unseen possibilities of the threat of existence. Thus, it becomes necessary in the process of globalization proper management, or implementation of fair globalization. The greatest contribution to this belongs to the leader (big) states. It is on their decisions that globalization does not depend on fate. Key words: Globalization; national economy; unemployment; international labor market.

scholarly journals The prospects of integration of the advertising market of Ukraine into the global advertising business

2018 ◽  
Vol 16 (2) ◽  
pp. 321-330
Author(s):  
Svitlana Dombrovska ◽  
Viktoriia Shvedun ◽  
Volodymyr Streltsov ◽  
Kyrylo Husarov
Keyword(s):  
National Economy ◽  
World Economy ◽  
Future Prospects ◽  
Current Structure ◽  
Sales Channels ◽  
Current Trends ◽  
The World ◽  
The Given ◽  
Overall Effectiveness ◽  
Made In

Advertising expands and improves sales channels, accelerates money turnover, thereby increasing overall effectiveness of functioning of national economy and its integration into the world economy in general. The analysis of the current trends and future prospects of management of the advertising market of Ukraine at the world level is carried out in the article. In particular, the analysis of the current structure of the world advertising market is made. The assessment of retrospective tendencies of development of the advertising and communication market of Ukraine is carried out. The identification of perspective volumes of the advertising market of Ukraine is made. The forecast of perspective volumes of the advertising market of Ukraine within the next three years is made. In general, the given research allows to allocate problems of the modern advertising market of Ukraine and offers the ways of improvement of the state advertising policy of Ukraine.

The Impact of the Knowledge Economy on Leadership in Organisations

2003 ◽  
pp. 238-258
Author(s):  
Manon Van Leeuwen
Keyword(s):  
Business Model ◽  
Knowledge Economy ◽  
Information Society ◽  
World Economy ◽  
Change Agent ◽  
Industrial Age ◽  
The World ◽  
New Ideas ◽  
The Impact ◽  
Management Organisation

The world economy is in transition. It is moving from the industrial age to a new set of rules — that of the “Information Society” or knowledge economy. This will change everybody’s work, affecting the flow of new ideas into enterprises, their management, organisation and procedures. These changes have major impacts on the roles leaders need to play, and on the skills they need. The focus of a leader has shifted towards more intangible issues, being a visionary, a storyteller and a change agent. Leaders need to change and to keep reinventing themselves, they have to be ready to adapt, to move, to forget yesterday, to forgive, and to structure new roles and new relationships for themselves, their teams and their ever-shifting portfolio of partners, and they need to have the capacity to employ more than one style of leadership. The chapter reviews the literature on the skills and abilities leaders need to be successful in the knowledge economy, and describes the way in which they need to manage their organisations by managing the organisation’s business model, creating a risk-encouraging culture and by playing different roles.

Global Crisis as a Consequence of Structural Changes in Economy

2009 ◽  
pp. 31-41 ◽  
Author(s):  
V. Danilov-Danilyan
Keyword(s):  
World Economy ◽  
Service Sector ◽  
Structural Changes ◽  
Oscillation Amplitude ◽  
Financial Economic ◽  
Real Sector ◽  
Economic Cycle ◽  
External Effects ◽  
The World ◽  
World Economic

The paper analyzes changes in the structure of the real sector of world economy that have increased economic instability and made the Keynesian methods inapplicable for suppressing the oscillation amplitude in economic cycle. The abrupt expansion of two segments in the service sector is noted: the debt derivatives market and entertainment industry. The global financial-economic crisis that started in 2008 cannot be attributed to the processes in the financial sphere alone it serves as a manifestation of general civilization crisis. Measures, analogous to the internalization of external effects, are proposed to mitigate the adverse impact of the hypertrophic development of new segments in the service sector on the world economic system and the civilization as a whole.

CHANGES OF METHODOLOGY IN ASSESSMENT OF PROBABILITY OF BANKRUPTCY OF THE RUSSIAN COMPANIES IN THE CONDITIONS OF ECONOMIC SANCTIONS

2018 ◽  
Author(s):  
Sergey Kaledin
Keyword(s):  
National Economy ◽  
Financial Stability ◽  
World Economy ◽  
Economic Sanctions ◽  
Positive Role ◽  
Stage Of Development ◽  
Russian State ◽  
The World ◽  
Probability Of Bankruptcy

Until recently, the economic entities in Russia made an assessment of their financial and economic situation according to the traditional procedures, prevalent for the decades. These techniques have played a positive role at a certain stage of development, as the Russian state, and the world economy as a whole. However, it seems the time has come to change the tradition in determining financial stability, solvency, liquidity, business enterprises, associations, sectors of the economy to make substantial changes in the conditions of economic sanctions aimed at weakening of the national economy. The approaches to the determination of the probability of enterprises’ bankruptcy, which are mainly based on the theories of Western economists, require changes.

scholarly journals Structural transformation of the economy: practical aspects

2021 ◽  
pp. 19-27
Author(s):  
A. T. Abdikarimova ◽  
G. B. Aimagambetova
Keyword(s):  
World Bank ◽  
Structural Transformation ◽  
World Economy ◽  
Service Sector ◽  
Structural Changes ◽  
Rapid Change ◽  
Great Influence ◽  
The World Bank ◽  
The World ◽  
The Impact

The purpose of the article is to consider the practical aspects of the structural transformation of economy. Over the past few decades, absolutely all national economies have undergone structural changes, regardless of their size, economic system and all other political or economic differences. The transformation of structures was associated with many factors, including institutional changes, technological changes, the widespread introduction of the results of scientific and technological progress, globalization and integration processes. At the same time, it should be noted that not all structural changes had a positive effect for all countries, even though the changes had almost the same trend of growth in the share of the service sector, a decrease in the share of agriculture and manufacturing. This article is an attempt to systematize the main trends and consequences of structural transformations in the world. The authors put forward the hypothesis that the world economy tends to “servicization” and deindustrialization, which has dialectical significance for the world economy. To assess the structural changes, we analyzed the data of the World Bank to study the dynamics of changes in the sectoral structure of the countries of the world in the period from 1990 to 2019. A very great influence on these processes was exerted by globalization, which through its mechanisms made possible a rapid change in industry proportions not only in the developed world, but also in developing countries, while forming a global trend of “servicization” of the economy. The authors tried to conduct a comparative analysis of the impact of each economic sector on GDP using a regression model based on panel data from more than 180 countries of the world presented by the World Bank.

scholarly journals THE INFLUENCE OF NEW POST-PANDEMIC WORLD STANDARDS ON THE DEVELOPMENT OF THE TOURIST INDUSTRY

2021 ◽  
Vol 2021 (2) ◽  
Author(s):  
O.M. Zamora ◽  
A.V. Teslyk ◽  
L.M. Taraniuk ◽  
V.O. Shcherbachenko ◽  
P.M. Lazis ◽  
...  
Keyword(s):  
World Economy ◽  
Service Sector ◽  
Negative Impact ◽  
Tourism Industry ◽  
Social Consequences ◽  
Practical Significance ◽  
Global Changes ◽  
Tertiary Sector ◽  
The World ◽  
The Impact

In the context of global quarantine and uncertainty, an important aspect is the development of the economic spheres of the post-pandemic world and its new standards. The measures taken to combat the spread of COVID-19 have a particular impact on the tourism industry, which has become one of the most affected during this period. The study focuses on the prospects and emergence of new standards of living and doing business in countries with a significant weight of tourism in their GDP and the impact of post-pandemic features on countries that are beginning to develop in the tourism industry. During the preparation of the article, the dependence of the service sector on the stable situation in the world and the challenges posed by this pandemic to this branch of the tertiary sector of the economy were analyzed. Emphasis is placed on the study of the interaction of social and economic factors that affect the development of the tourism industry in the context of globalization. The relevance of the article lies in the need to predict ways to adapt countries to global change based on the experience of governments in combating the negative impact of coronavirus on the tourism industry. The purpose of the study is to reveal the impact of new norms of the post-pandemic world on the development of tourism. Methodology and scientific approaches: analysis of scientific works in the fields of economics, finance, sociology and medicine. An analysis of statistics for the COVID-19 pandemic, collected by global health and safety structures; reports of government agencies and analysis of the impact of quarantine restrictions on the state of their economy. The ability and pace of adaptation of the post-pandemic world to global changes and in particular to the tourism industry have been predicted. The result of the research is to reveal the scale of the pandemic effect on the world economy and forecast the vectors of tourism business development in the new realities. The practical significance of the article is determined in the analysis of the necessary transformation of the world in order to overcome further economic crises. The social consequences of compulsory vaccinations and non-violation of existing quarantine restrictions are positive in terms of improving the world economy.

scholarly journals Research methodology in the system of financial and economic security

2021 ◽  
pp. 36-44
Author(s):  
Lida P. Rogatina
Keyword(s):  
Economic System ◽  
National Economy ◽  
Research Methodology ◽  
World Economy ◽  
Scientific Research ◽  
Economic Security ◽  
The State ◽  
Practical Significance ◽  
Economic Science ◽  
The World

The purpose of the article is to form a methodology of scientific research in the system of financial and economic security. Methodology. The scientific works of scientists in the study of financial and economic security are the theoretical and methodological basis of the study. To achieve the study’s purpose, the following research methods were used: theoretical generalization – the essence and main components of the system of financial and economic security; methods of positive and normative analysis – to make recommendations on the methodology of scientific research in the system of financial and economic security. Results. Research in the financial and economic security system has been proven to be carried out in five areas. Among the areas of research of the system of financial and economic security are dangerous processes and phenomena occurring in the world economy that can negatively affect the economic security of Ukraine; the level of stability, protection of interests, and opportunities of the national economy to counteract the negative impact of the crisis of the world economy; the state of economic security of Ukraine and trends in the development of adverse factors in the national economy and the formation of mechanisms to counter them; the state of economic security of economic entities, external and internal factors of dangers and threats to economic security; features of the organization of the system of economic security of enterprises, the activities of the subjects of its provision and their use of techniques and technologies that make it possible to ensure economic security. The basic principles of research methodology in the system of financial and economic security have been provided. The principles of research methodology in the system of financial and economic security include the principle of conformity (responsible for building a system of definitions of basic concepts, axioms based on these definitions, theorems of the theory of economic security); the principle of additionality (allows the establishment of the place of the theory of economic security in the structure of economic science); the principle of hierarchical goals (ensuring the security of the upper level of the economic system is a condition for ensuring the economic security of the lower level of the economic system); the principle of relative independence of horizontal goals, methodological consistency, spatial consistency. Indicative, resource-functional, and program-target have been proven to be among the methodological approaches to the study of the system of financial and economic security. Practical significance. The methodology of scientific research in the system of financial and economic security, which can be used by applicants and scientific and pedagogical workers of higher education, is provided. Prospects for further research. Selection of the optimal methodology of scientific research in the formation of the system of financial and economic security.

scholarly journals Improvement of a Mechanism of Providing Economic Security Of Enterprises in the System of Global Competitiveness

2018 ◽  
Vol 7 (4.3) ◽  
pp. 393
Author(s):  
Nina Avanesova ◽  
Irina Volovelska ◽  
Valentina Maslova ◽  
Tetiana Sukhorukova ◽  
Yuliya KUtkina
Keyword(s):  
National Economy ◽  
World Economy ◽  
International Security ◽  
Legal Regulation ◽  
Economic Security ◽  
Global System ◽  
Global Competitiveness ◽  
Economic Entity ◽  
National Economic ◽  
The World

In the context of the interaction of international competitiveness of economic entities and their economic security, it should be noted that globalization of the world economy has one of its consequences a relative equation of the conditions of competition in national markets. As a result of providing by governments the most favored and national regimes, as it was required by international norms of legal regulation of the economy, national and foreign producers find themselves in roughly similar conditions on individual countries or their unions markets. In this case, foreign economic and international security should become a barrier to global threats for the development of national economy and its producers in the global system of world economy. At the same time, the universal requirement imposed on any national economic entity is its competitiveness.  

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