scholarly journals Improving Approaches to Strategic Enterprise Management in the Context of Sustainable Development

2020 ◽  
Vol 12 (20) ◽  
pp. 8375
Author(s):  
Tatyana Khudyakova ◽  
Vladimir Zhuravlyov ◽  
Natalia Varkova ◽  
Sergei Aliukov ◽  
Svetlana Shmidt ◽  
...  
Keyword(s):  
Sustainable Development ◽  
Strategic Management ◽  
Policy Development ◽  
Comprehensive Assessment ◽  
Investment Policy ◽  
Management Decision ◽  
Strategic Decisions ◽  
Management Decisions ◽  
Investment Activity ◽  
Industrial Enterprises

This article discusses the issues of improving strategic management of sustainable development of enterprises of the Russian Federation. The management of many companies continues to demonstrate an inadequate attitude to the development and implementation of a system of measures to ensure the proper level of sustainability of an industrial company. The main problem considered in the study is the insufficiently perfect mechanism for the strategic management of the investment policy of industrial enterprises in the Ural region of Russia. The management of many enterprises does not conduct a comprehensive assessment of sustainability and does not rely on the triad of sustainable development indicators—economic, environmental, and social. This negatively affects the strategic management decisions made. Under an insufficiently perfect mechanism, in this study, we refer to the following: At Russian regional enterprises, there is no close connection between the processes of making strategic decisions and the investment policy of the enterprise. This leads to certain errors in the formation of the enterprise strategy. The connecting element of these processes is highlighted. It is a comprehensive assessment of sustainability. The main objective of this study is to improve the model and mechanism of strategic management of the investment policy of the enterprise in the context of the environmental and economic status of the business. The proposed model is based on the principles considered from the perspective of three directions—economic, social, and environmental. This model provides for a close interconnection of components: management decision-making, investment policy development, and comprehensive assessment of sustainable development strategy. Based on the analysis of scientific works, the practice of managing industrial enterprises and certain gaps have been identified in theoretical sources related to the topic, problem, and objectives of the article. The methodological base of the study is determined, and methodological aspects of the analysis of the ecological state of business projects and the formation of strategic management of investment activity of an industrial enterprise are substantiated. The model for managing sustainable enterprise development is presented. This model provides for close interaction between the mechanisms for developing strategic decisions and managing the investment policy of the enterprise based on the environmental component of the business as a factor in sustainable development. Tools are proposed that ensure interconnection and synergy between the components of strategic management of the investment policy of the company and improve the quality of management decisions.

scholarly journals Improving the Strategic Management of Investment Activities of Industrial Enterprises as a Factor for Sustainable Development in a Crisis

2019 ◽  
Vol 11 (23) ◽  
pp. 6667
Author(s):  
Vladimir Zhuravlyov ◽  
Tatyana Khudyakova ◽  
Natalia Varkova ◽  
Sergei Aliukov ◽  
Svetlana Shmidt
Keyword(s):  
Sustainable Development ◽  
Strategic Management ◽  
Theory And Practice ◽  
Industrial Enterprise ◽  
Investment Policy ◽  
Management Model ◽  
Development Theory ◽  
Successful Implementation ◽  
Investment Strategies ◽  
Industrial Enterprises

This article discusses the problem of improving the strategic management of sustainable development in industrial enterprises in Russia. The shortcomings of the strategic management of industrial enterprises are due to the fall in the growth rates of the world and domestic economy, international sanctions, and the specifics of the development of socio-economic relations in the Russian Federation. The main problem of the research is related to the imperfection of the strategic management of the investment policy of the enterprise, which leads to a slowdown in the development of the company and a decrease in competitiveness. The main goal of the presented research is to develop proposals for improving the strategic management model for the development and implementation of investment strategies of an industrial enterprise. Based on the analysis of theoretical sources, gaps in research related to the topic and objectives of this work are highlighted. The methodological base of the research is determined, the basis of which are: system theory, systematic approach to managing a company’s sustainable development, theory and practice of modeling, strategic management, investment design. The improved model is proposed, which determines the interdependence of the strategic management of investment policy and the sustainable economic development of the company, presents the algorithm for managing the process of developing investment strategies in an industrial enterprise. This mechanism takes into account the main indicators of sustainable development of an industrial enterprise. There are proposals to improve the management model of insurance reserves of the company, reflecting the strategic aspects of investment activities necessary for the successful implementation of the course on sustainable development in an industrial company. The obtained results were tested by a number of Russian enterprises, which led to positive results of their activities, contributed to more sustainable development and strengthening of competitive positions.

scholarly journals ECOLOGICAL AND ECONOMIC ASSESSMENT OF INDUSTRIAL POLLUTION IN THE CONTEXT OF ORE MINING AND DRESSING ENTERPRISES INVESTMENT POLICY FORMATION

10.23856/2602 ◽  
2018 ◽  
Vol 26 (1) ◽  
pp. 19-33
Author(s):  
Hanna Temchenko ◽  
Olga Bondarchuk ◽  
Olena Maksymova ◽  
Roman Sobakinskykh
Keyword(s):  
Industrial Pollution ◽  
Economic Assessment ◽  
Policy Formation ◽  
Investment Policy ◽  
Capital Investments ◽  
Efficient Allocation ◽  
Investment Activity ◽  
Industrial Enterprises ◽  
Economic Instability ◽  
Global World

The issues of successful investment activity and efficient allocation of capital investments at modern industrial enterprises taking into account their limited financial possibilities in conditions of uncertainty and economic instability are considered. The influence of investment policy on preservation of an environment as one of the ways for global world problem of a significant state of ecology deterioration decision is presented.

scholarly journals Features of Lithuania's investment policy

2020 ◽  
pp. 45-51
Author(s):  
Azat Zhumashev
Keyword(s):  
Sustainable Development ◽  
The State ◽  
Investment Policy ◽  
Investment Climate ◽  
Important Condition ◽  
Investment Activity ◽  
Foreign Investors ◽  
Doing Business ◽  
High Investment

Currently, an important condition for sustainable development of the country is high investment activity, which is carried out by conducting an effective investment policy. This paper examines the state of the investment climate in Lithuania, as well as explores the conditions for foreign investors in doing business.

scholarly journals ORGANIZATIONAL AND ECONOMIC PROVISION OF THE MOTIVATIONAL COMPONENT IN THE CONTEXT OF STRATEGIC MANAGEMENT OF ENTERPRISE SUSTAINABLE DEVELOPMENT

2021 ◽  
pp. 158-174
Author(s):  
Lilia SVOROBOVICH
Keyword(s):  
Sustainable Development ◽  
Strategic Management ◽  
Current System ◽  
General Scheme ◽  
Industrial Enterprise ◽  
Enterprise Management ◽  
Industrial Enterprises ◽  
Economic Support ◽  
Effective System ◽  
Methodological Aspects

The article is devoted to the study of organizational and economic support of the motivational component of the divisions of the industrial enterprise in the context of strategic management of its sustainable development. Theoretical and methodological aspects of formation of the effective mechanism of material encouragement in the system of management of structural divisions of the industrial enterprise are investigated. The systems of material incentives in the organization are considered and analyzed. The shortcomings of the current system of material incentives for employees of industrial enterprises are formulated. Theoretical bases for construction of effective system of motivation of the personnel taking into account the real contribution of each production division and each separate employee of the enterprise in final results of activity of the organization are offered. The general scheme of distribution of the fund of additional salary at the industrial enterprise is reflected in the form of algorithm. The approach to distinguishing the criteria for determining the coefficient of labor contribution and the coefficient of labor participation is systematized. The optimal structure and approaches to the quantitative assessment of indicators that characterize the motivational efforts of employees and departments of the enterprise are formed. The main types and limits of material responsibility are considered and the basic conditions of involvement of employees in material responsibility are generalized. The significance of the system of internal material responsibility at the enterprise in the context of the motivational component is substantiated. The requirements to the elements of the motivational subsystem of the production enterprise in the aspect of strategic management of sustainable development are generalized. The recommendations and prospects of further research in the approaches to the construction of the motivational component of enterprise management as a basis for increasing the labor activity of employees for strategic management of sustainable development of the organization are formulated.

scholarly journals Application of quality management methods in the formation of a sustainable development strategy FKP KGKPZ

2020 ◽  
Vol 82 (2) ◽  
pp. 203-212
Author(s):  
Y. V. Denisova ◽  
V. F. Sopin ◽  
V. S. Alexandrova
Keyword(s):  
Sustainable Development ◽  
Quality Management ◽  
Development Strategy ◽  
Quality Management System ◽  
Process Approach ◽  
Management Decision ◽  
Federal State ◽  
The Sustainable Development ◽  
Industrial Enterprises ◽  
Management Approaches

The article considers the problem of ensuring the sustainable development of industrial enterprises using the example of the Federal State-Owned Enterprise Kazan State Treasury Powder Plant. This issue is relevant for enterprises of all forms of ownership and sectors of the economy. To ensure sustainable development in difficult economic conditions, enterprises require managerial decisions and actions that must be taken ahead of schedule and taking into account all types of risks. In accordance with the concept of sustainable development, each management decision should take into account economic, environmental and social aspects. To ensure this strategy, enterprises currently use various quality management approaches, including the process approach, which is considered one of the most effective tools for improving business efficiency, plays an important role. The essence of this approach is that all the activities of the enterprise are considered as a set of processes, which are a combination of interrelated and interacting activities. Each process, in turn, has inputs that translate into outputs, resources, internal and external customers, suppliers, and other interested parties. Based on the study, the relevance of the application of quality management methods in the formation of the sustainable development strategy of the enterprise is substantiated. The application of the process approach is considered on the example of the production of paints and varnishes FKP "KGKPZ"; the importance of the quality management system for solving the task; demonstrated high achievements of the enterprise in the field of quality. Based on the results of the study, recommendations are made on the appropriateness of applying the process approach to the formation of a sustainable development strategy and achieving the strategic goals of industrial enterprises.

scholarly journals MECHANISM OF STRATEGIC MANAGEMENT BY FLEXIBLE ECONOMIC DEVELOPMENT OF IRON AND ORE ENTERPRISES

2019 ◽  
pp. 126-132
Author(s):  
Oleksandr Kulish
Keyword(s):  
Economic Development ◽  
Strategic Management ◽  
Investment Activity ◽  
Crisis Period ◽  
Industrial Enterprises ◽  
Long Run ◽  
Business Entities ◽  
Definition Of ◽  
Almost All ◽  
Conceptual Foundations

The article is based on the idea of forming the conceptual foundations of strategic management of flexible economic development of iron and ore enterprises. It is based on the definition of the optimum size of sales of products on the domestic and foreign markets, taking into account their perspective and ensuring the maximum possible level of profitability of business entities. The article emphasizes that today almost all domestic business entities operate in a crisis or after-crisis syndrome. It is noted that economic crises occur cyclically, but each time the depth of the crisis becomes larger, and the post-crisis period is ever greater. As a result, all enterprises and individuals who are experiencing the consequences of such crises are more and more difficult, and for the post-crisis period, more and more diversified resources are spent that could be directed to projects for their own development. It is determined that the main obstacles of flexible economic development of the enterprise are the high degree of deterioration of fixed assets, low productivity, low quality of personnel, imperfection of the system of pricing on products, low investment activity of enterprises, etc. The key principles of the system of strategic management of flexible economic development of iron and ore enterprises are formed. It is proved that in today's world economy the importance of reformatting the structure and content of the strategic management system with flexible economic development of industrial enterprises and adapting their business directions to the conditions of transformational transformations of modern competitive markets becomes increasingly important. The mathematical model describing the system of division of manufactured products for realization on several markets is developed. It is found out that the classical approach to solving such a task, which is to maximize profits, is not absolutely correct in this case. It is shown that the solution of this task is to maximize the profit from sales with the simultaneous preservation of the minimum allowable volumes of sales of products in promising markets, provided they provide the minimum reasonable profitability. It is noted that in the strategic planning it is necessary to implement a certain part of own products in the markets which are not currently the most profitable, but in the long run may have a decent place among others for the particular enterprise. It is determined that the problem of optimization is to calculate the specific volumes of products that need to be implemented in each of the markets. Taking into account the current transformation of market space and the need for constant adaptation of strategic management methods, the article proposes approaches to the formation of a complex system of strategic management of flexible economic development of iron ore enterprises.

scholarly journals ECONOMIC ASSESSMENT OF THE CURRENT STATE OF AZERBAIJAN’S INDUSTRIAL ENTERPRISES

2021 ◽  
Vol 11 (07) ◽  
pp. 87-97
Author(s):  
Natavan Ibrahimova Natavan Ibrahimova
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
National Economy ◽  
Industrial Development ◽  
Evolutionary Development ◽  
Innovative Development ◽  
Investment Activity ◽  
Industrial Enterprises ◽  
Current State ◽  
The Republic

The article shows that Azerbaijan belongs to modern countries with a high rate of economic development, therefore, at the current stage of evolutionary development as a state, it has embarked on the path of a new level of improvement. This shows how in recent years the economic situation in the republic has contributed to significant economic growth, an increase in the level of both the social welfare of the state and the modernization of the socio-economic infrastructure of the republic as a whole, resulting in a diversified structure of the economy. The article reveals an assessment of the current state of industrial enterprises in Azerbaijan, as well as an analysis of the directions and trends of their development. The assessment of the current state was carried out by studying resolutions, orders, acts, strategies for long-term economic development and other documents with the help of which it is possible to assess the quantitative composition of industrial enterprises. The determination of trends in the development of industrial enterprises was carried out using the analysis of the "Main directions of the Strategic Roadmap for the National economy and the main sectors of the economy", approved by the decree of the President of the Republic of Azerbaijan Ilham Aliyev on December 6, 2016. The analysis carried out in the article made it possible to determine the priority directions of sustainable development of industrial enterprises, more precisely: improvement of production; scientific, technical and innovative development; implementation of programs specified in the concept of the "Strategic Roadmap for the development of the national economy", etc. The main priority of industrial enterprises is innovative development, which includes all of the above, and NTR is presented here as a certain "layer", a means of realizing prospects. Based on the above, a logical chain of the main directions of development of industrial enterprises is constructed and their justification is given. The article reveals the investment activity of the country's economy, as well as analyzes the level of foreign investment. At the end of the article, the key directions of the formation of the innovative economy of the country are indicated, the priorities of industrial development and conclusions regarding them are indicated. Keywords: industry, business, non-oil sector, machine-building complex, sustainable development, pandemic, investment, diversification, development strategy, innovation.

scholarly journals Assessment features of the management processes effectiveness for an agricultural enterprise

2021 ◽  
Vol 2 (99) ◽  
pp. 49-58
Author(s):  
A. M. Tkachenko ◽  
N. G. Buslaeva
Keyword(s):  
Balanced Scorecard ◽  
Comprehensive Assessment ◽  
Enterprise Management ◽  
Management Decisions ◽  
Investment Activity ◽  
Advantages And Disadvantages ◽  
Use Of Resources ◽  
Management Personnel ◽  
Agricultural Enterprise ◽  
Management Processes

The choice of the optimal system of indicators plays an important role in making management decisions, which would allow the most accurate and comprehensive assessment of the enterprise efficiency. Each company develops its own system of indicators in order to determine the effectiveness. There is currently no single approach to assessment of the economic efficiency in enterprise management. The most common areas are to determine the effectiveness of management as the ratio of the result to the costs and the ratio of the result to the intended goals. The article analyzes different approaches to the efficiency evaluation of the enterprise, in particular, the inclusion in the system of economic indicators not only financial results, but also resource efficiency, achievements of modern management, personnel evaluation, indicators of innovation and investment activity. The use of an integrated indicator is also proposed for a comprehensive assessment of the enterprise, which would provide an idea of all components of the enterprise. Based on the analysis of scientific sources, the essence and role of a balanced scorecard are determined, as well as its advantages and disadvantages in comparison with other accounting methods are highlighted. It is established that a balanced scorecard is a tool of management accounting, the main purpose of which is to ensure the function of collecting, systematizing and analyzing information, which is the basis for developing and making management decisions. The introduction of a balanced scorecard provides an opportunity to monitor changes in important factors for the company and respond flexibly to changes in the internal and external environment, as well as to solve the problem of increasing the profitability and capitalization of the enterprise through effective planning and use of resources.

scholarly journals METHODOLOGY FOR THE FORMATION OF INDICATORS OF THE EFFECTIVENESS OF STRATEGIC MANAGEMENT DECISIONS IN INDUSTRIAL ENTERPRISES

2021 ◽  
Vol 23 (2(79)) ◽  
pp. 87-95
Author(s):  
O.B. KALAMAN ◽  
V. SKRIBANS ◽  
D.V. MANDRYKIN
Keyword(s):  
Strategic Management ◽  
Industrial Production ◽  
Social Orientation ◽  
Management Decisions ◽  
Industrial Enterprises ◽  
Leading Role ◽  
Positive Balance ◽  
The Difference ◽  
Evolutionary Growth ◽  
High Level

Topicality. Industry, as one of the components of the national economy of any country, plays one of the leading roles in it due to the fact that it is industry that creates a large part of the GDP. In addition, the leading role of industry lies in the fact that the degree of satisfaction of society's needs for high-quality products, ensuring the technical re-equipment of production and its intensification depends on its success. Formed difficult financial and economic conditions in the country's economy have not yet made it possible to achieve significant changes in the direction of stabilizing industrial production, improving the sectoral structure and its social orientation. For the production of various forms of ownership, functioning in market conditions, it is essential, on the one hand, to develop principles and norms of strategic management, and on the other, to their practical use in order to increase the efficiency of industrial production. It is the isolation of these problems that made it possible to determine the direction of research on the methodology for the formation of indicators of the effectiveness of management decisions at industrial enterprises. Aim and tasks. The aim of the work is to develop and substantiate a methodology for indicators of the effectiveness of management decisions at industrial enterprises. Achievement of the set research goal led to the formation and resolution of the following tasks: to study the system of main indicators of the enterprise's performance; to form a methodological basis for management decisions. Research results. The work developed and substantiated a system of main indicators of the enterprise's performance, which provides for the calculation of the following profitability indicators: production, sales, assets, equity, production assets, personnel, invested capital, etc. It has been established that efficiency is the sum of two factors: the difference between results and costs, which indicates a positive balance (i.e., the benefits that are brought by human efforts), and the ability of this difference to meet the real vital needs of society (people). It is shown that the sources of strategic ideas in centralized decision-making are a high level of management (top management) due to the fact that it is there that information is concentrated, as well as central services and heads of production departments. Conclusion. The obtained results of the study make it possible to systematize the information obtained by calculating the indicators of the efficiency of enterprises and to formalize the process of making managerial decisions; to improve the scientific support of the process of implementation of strategic changes at the enterprise by using the four-stage model of "gradual (evolutionary) growth of changes".

scholarly journals CURRENT STATUS AND PROBLEMS OF FINANCIAL PROMOTING OF SUSTAINABLE DEVELOPMENT OF AGRO-INDUSTRIAL SECTOR

2018 ◽  
pp. 104-116
Author(s):  
Oksana TULAY
Keyword(s):  
Sustainable Development ◽  
Financial Incentives ◽  
Financial Support ◽  
Industrial Sector ◽  
Agricultural Products ◽  
Financial Security ◽  
Investment Activity ◽  
The Sustainable Development ◽  
Industrial Enterprises ◽  
Stage Of Development

Introduction. At the current stage of development of the economy of Ukraine the agro-industry sector acts as a kind of locomotive and determines its volume, supply and value of the main types of food for the population. It greatly affects socio-economic development state, forming 14% of gross value added and more than 40% of exports of countries. Almost 90% of the food needs of the country's population satisfies for the expense of domestic production. Active development of the world markets for agricultural products requires the formation of an effective one mechanism of financial support of production and investment activity agro-industrial sector of Ukraine taking into account global sustainable goals development. Purpose. The purpose of the article is to find out the features, trends and problems of financial support for the sustainable development of the agro-industrial sector of the economy, substantiation of directions for its improvement Results. The article focuses on the issue of financial security of sustainable development of the agro-industrial sector of the economy, indicators that affect the volume of sales revenue enterprises of the agro-industrial sector. The structure of the sources of financial support of the enterprises of the agro-industrial sector is analyzed and positive and negative tendencies towards its formation are found out. The features of the formation and use of profit as the main source of formation of own capital of enterprises of the agro-industrial sector are analyzed. It is revealed that there is a tendency to decrease the profitability of indicators of enterprises negatively affects the financial security of their sustainable development. Conclusions. It is substantiated that in order to improve the system of financial support for the sustainable development of agro-industrial enterprises the sector needs: – to apply anti-crisis measures, which include the mechanism of the state financial incentives for socially responsible ecologically safe business entities; – to develop a mechanism for state financial incentives production of organic agricultural products; – to develop effective regional strategies for attracting investment resources taking into account the peculiarities of each region's development; – to develop an effective mechanism for lending agro-industrial the economy sector.

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