scholarly journals Multilevel strategic planning in the system of institutional governance mechanisms in Ukraine

2020 ◽  
pp. 7-23
Author(s):  
Alla Melnyk
Keyword(s):  
Strategic Planning ◽  
Management System ◽  
Industrial Development ◽  
System Analysis ◽  
Theory And Practice ◽  
Practical Implementation ◽  
Strategic Plans ◽  
Management Hierarchy ◽  
Strategic Goals ◽  
Different Levels

Introduction. The dilemma of «chaos» (a free choice of behavior by each subject) or development based on assessments and strategic goals, formed in account with internal and external factors that would allow keeping things organised, persists in countries that shape a new economic model. Dismantling of the old economic system, the formation of the foundations of post-industrial development in the XXI century raise the issue of strategic planning. Purpose. The study is devoted to the development of the methodological framework of strategic planning based on clarifying the relationships, goals, differences of its main components in the multilevel management system. Besides, it aims to assess the current practices of strategic planning tools in Ukraine and identify areas for improvement in the context of synergy and its security development. Methods. The methodological basis of the study is the use of systematic and comparative approaches in the analysis of the theory and practice of strategic planning at different levels of government. The following research methods were used: induction and deduction; system analysis is used to identify the components of strategic planning at different levels of management; PEST analysis is used to identify factors leading to insufficient effectiveness of this tool in a multilevel management system; institutional and comparative analysis is used to clarify goals and differences of individual components of the system of strategic planning; abstract and logical is used to identify patterns of evolution of strategic planning in the future; marketing analysis is used to clarify the content of management activities in the framework of strategy. Results. Scientific approaches to the interpretation of the essence and place of strategic planning in the management system are generalized. The author’s position on clarification of the content of strategic planning, delimitation of the concepts of «strategy» (as a direction of action), «strategic planning» (as a management function) is presented. The peculiarities of the presentation of strategic planning at different levels of the management hierarchy in Ukraine are shown. The reasons for the low efficiency of strategic goals success in the course of realization of strategies and strategic plans in domestic practice are revealed. The place of strategic planning in the system of institutional mechanisms of multilevel management is specified considering its current documents in Ukraine; the goals and differences of functional load at different levels of the management hierarchy are differentiated. The empirical analysis of the practice of strategic planning allowed us to identify the main challenges that require the search for management decisions at the methodological, legal, and administrative levels. Specifically, the problem of systematization, hierarchy, and autonomy of planning documents; inconsistency of government’s long-term and medium- term strategies with current financial documents (budgets); low quality of macroeconomic forecasts and disregard for international strategies, the presence of «institutional traps» have been defined. Ways to improve strategic planning at the regional and local levels have been identified, in particular in connection with the decentralization reform and increasing the power of local self-government. Attention is paid to ensuring methodologically sound and procedurally fixed interrelation of planning documents, program and financial documents, organizational and methodological support of monitoring and evaluation, as well as information feedback, application of regional and local marketing tools, etc. The conclusion is made about the expediency of considering strategic planning in the system of management mechanisms in the country as a multilevel system, increasing the level of its systematization to achieve a synergy effect, practical implementation of the highest level of strategic planning - strategizing. Discussion. In the mentioned context, the prospects for further research are the problems of coordination of strategic and financial-budget planning systems, the formation of strategic plans in a new format of administrative-territorial entities, the development of methodological and applied provisions for the implementation of strategies.

Analysis of financial risks in the financial and economic security management system of the enterprise

2021 ◽  
Vol 39 (6) ◽  
Author(s):  
Yuriy Sigidov ◽  
Aleksandr M. Petrov ◽  
Ainur A. Osmonova ◽  
Galina S. Zhukova ◽  
Yurii O. Kostenko
Keyword(s):  
Management System ◽  
System Analysis ◽  
Practical Importance ◽  
Security Management ◽  
Economic Security ◽  
Practical Implementation ◽  
Financial Risks ◽  
Economic Activities ◽  
Current Economic Situation ◽  
Combination Of Methods

The relevance of the study is determined by the need to develop and implement effective tools for analysing the probability of financial risks that may potentially arise in the operation of the financial and economic security management system of an enterprise, regardless of its particular affiliation to any economic sphere. The purpose of this study is to assess the theoretical prerequisites for creating an effective system for analysing financial risks in the operation of the financial and economic security management system of an enterprise at any stage of its operation and to analyse the probability of practical implementation of such a system. The leading approach in this scientific study is a combination of methods of system analysis of the activity of management systems for the economic and financial security of the enterprise, with an analytical study of the analysis of financial risks arising during the operation of this enterprise. In the course of the study, scientific confirmation was obtained regarding the fact that there is a clear, structural relationship between the analysis of the level of financial risks in the enterprise's activities and the functioning of its financial and economic security management system, which suggests that a high-quality and timely analysis of financial risks is essential for various aspects of the security of the enterprise in general. The results obtained in the course of this study are of great practical importance for employees of the economic and financial systems of enterprises of various forms of ownership and activities that solve the problems of developing effective methods for protecting the economic activities of organisations in the conditions of instability of the current economic situation on world markets and real threats of increasing financial losses of enterprises in this regard.

scholarly journals Investigation of Performance Indicators in the Strategic Plans of Public Universities in Turkey

2021 ◽  
Vol 4 (1) ◽  
Author(s):  
Ali Özdemir ◽  
◽  
Lütfü Çakır ◽  
Keyword(s):  
Strategic Planning ◽  
Performance Indicators ◽  
Public Universities ◽  
Performance Indicator ◽  
Research Performance ◽  
Education Management ◽  
Strategic Plans ◽  
Item List ◽  
Strategic Goals ◽  
Goals And Objectives

The purpose of this study is to develop performance indicators in line with these goals and objectives in the light of domestic and foreign literature by examining the strategic goals and objectives in the strategic plans of public universities in Turkey. Within the scope of the research, firstly strategic plans of many universities operating at home and abroad were examined and a performance indicator pool consisting of 300 criteria was created in the light of the strategic plans of 11 different universities selected by purposeful sampling. Also Reports of the Council of Higher Education (YÖK) and Ministry of Development on strategic planning were examined. In the second stage, expert opinion was received from 2 faculty members working in the field of education management, and the 300 item list was reduced to 45 performance indicators under 6 main strategic dimensions. In the third and final stage of the research, performance indicators were classified according to their importance by using AHP (Analytical Hierarchy Process) method, which is a multi-criteria decision-making technique. The AHP study was carried out with 10 academics who had scientific studies in the field of strategic planning and worked in university administration. Finally, the performance indicators created for each strategic dimension are listed according to their criterion weights.

scholarly journals Investigation of Performance Indicators in the Strategic Plans of Public Universities in Turkey

2021 ◽  
Author(s):  
Ali Özdemir ◽  
Lütfü Çakır
Keyword(s):  
Strategic Planning ◽  
Performance Indicators ◽  
Public Universities ◽  
Performance Indicator ◽  
Research Performance ◽  
Education Management ◽  
Strategic Plans ◽  
Item List ◽  
Strategic Goals ◽  
Goals And Objectives

The purpose of this study is to develop performance indicators in line with these goals and objectives in the light of domestic and foreign literature by examining the strategic goals and objectives in the strategic plans of public universities in Turkey. Within the scope of the research, firstly strategic plans of many universities operating at home and abroad were examined and a performance indicator pool consisting of 300 criteria was created in the light of the strategic plans of 11 different universities selected by purposeful sampling. Also Reports of the Council of Higher Education (YÖK) and Ministry of Development on strategic planning were examined. In the second stage, expert opinion was received from 2 faculty members working in the field of education management, and the 300 item list was reduced to 45 performance indicators under 6 main strategic dimensions. In the third and final stage of the research, performance indicators were classified according to their importance by using AHP (Analytical Hierarchy Process) method, which is a multi-criteria decision-making technique. The AHP study was carried out with 10 academics who had scientific studies in the field of strategic planning and worked in university administration. Finally, the performance indicators created for each strategic dimension are listed according to their criterion weights.

scholarly journals Formation of management tools for balanced use of agricultural land

2019 ◽  
pp. 54-64
Author(s):  
Borys Sydoruk
Keyword(s):  
Land Use ◽  
Management System ◽  
Agricultural Land ◽  
Institutional Environment ◽  
Theory And Practice ◽  
Agricultural Land Use ◽  
Management Tools ◽  
Wide Range ◽  
The Impact ◽  
Different Levels

Introduction. An important role is played by the use of a wide range of tools and levers of influence at different levels of government in the theory and practice of agricultural activities to ensure a balanced use of land resources. Therefore, it is relevant at the present stage of management to study the features of the formation of management system in the field of land use to ensure a balanced use of agricultural land. Methods. Research conducted by use of the dialectical method of knowledge of the economic laws and systematic approach to the study of economic phenomena and processes, monographic, induction and deduction - to form a management system in the direction of balancing agricultural land use; abstract-logical method - in the implementation of theoretical generalizations and formulation of conclusions. Results. The author substantiates the basic principles of the formation of management tools in the direction of balancing agricultural land use. The basic components for the formation of the management system in the field of balancing the use of agricultural land at local, regional and state levels are identified. Basic levers and tools in the agricultural land management system have been installed to ensure its balance. The system of forming management tools in the direction of ensuring balanced use of agricultural land has been developed. Discussion. It is important to create an appropriate institutional environment at the national and regional level in order to ensure the effective management system in the field of balanced agricultural land use. Further research should focus on examining the impact of institutional components on the balance of land use at different levels of government. Keywords: agricultural production, leverage, balanced land use, agricultural land, tools, management principles, management levels.

scholarly journals THE SYSTEM OF EVALUATING THE EFFECTIVENESS OF STRATEGIC PLANNING OF INVESTMENT ACTIVITIES OF ECONOMIC ENTITIES IN THE AGRICULTURAL SECTOR

2020 ◽  
pp. 154-163
Author(s):  
Leonid Pyata
Keyword(s):  
Strategic Planning ◽  
Economic Activity ◽  
Investment Activity ◽  
Strategic Plans ◽  
Study Results ◽  
Essential Components ◽  
Strategic Goals ◽  
Development Goals ◽  
Business Entities ◽  
Definition Of

Introduction. At the current stage of reforming the Ukrainian economy, it is important to increase the level of competitiveness of domestic business entities. One of the ways to achieve this is the transition to the strategic basis of planning and running of economic activity, in particular investment activity. Important in this case is the choice of a system for assessing the level of achievement of certain strategic goals. Therefore, the purpose of writing an article is to determine with a system for evaluating the effectiveness of strategic planning of investment activities of business entities. Methods. According to the theoretical basis of the article, the dialectical method of cognition and the systematic method for studying the issues of strategic planning of investment activity of agricultural entities were used. The main research methods in the article were methods of analysis, synthesis and generalization. Using the analysis method, the components of the system for evaluating the effectiveness of strategic planning of investment activity are analyzed. Using the synthesis method, significant elements of a performance evaluation system are determined. The generalization method was used to form the conclusions of the study. Results. The expediency of strengthening the competitive position of agricultural entities by proving a strategic approach with the definition of strategic development goals and ensuring their achievement and strategic goals of investment activity has been proved. The author has formed a definition of the concept of “the effectiveness of strategic planning of investment activity”. The essential components of the system for evaluating the effectiveness of strategic planning of investment activity: the main and additional indicators. The attention of business entities was emphasized on the importance of flexible application of a system for evaluating the effectiveness of strategic planning of investment activity, taking into account the specialization of their economic activity, the level of material and technical support, the ratio of investment sources, the influence of environmental factors and certain development goals. The results of the study can be used in the process of evaluating the effectiveness of strategies and strategic plans for investment activity at the economic, regional and national levels. Discussion. Prospects for further research are to work out the consistency of the positions of strategic plans for investment activities with certain positions of strategic plans for economic activities of business entities. Keywords: efficiency, economic efficiency, profitability, business activity, liquidity, financial stability.

Offer of methods for minimizing key investment risks of “R-Pharm” JSC

2020 ◽  
Vol 17 (1) ◽  
pp. 58-67
Author(s):  
N. A. Kabanova ◽  
I. K. Alekseeva
Keyword(s):  
Strategic Planning ◽  
Pharmaceutical Company ◽  
Simulation Modeling ◽  
Return On Investment ◽  
System Analysis ◽  
Social Orientation ◽  
Pharmaceutical Companies ◽  
The Subject ◽  
High Degree

The article is devoted to the assessment of potential investment risks of the pharmaceutical company “R-Pharm” JSC with the aim of identifying the highest priority risks and developing methods for minimizing them. The relevance of the study is determined by the fact that the pharmaceutical business is characterized by a high degree of social orientation and annually invests $ 140 billion in the development of production and research, which determines the need for a risk-based approach to ensure the return on investment. The subject of this article is the investment risks of pharmaceutical companies, and the subject of research is the domestic pharmaceutical company “R-Pharm”. In order to assess the potential investment risks of “R-Pharm” JSC, the authors used elements of simulation modeling and system analysis. The proposed methods to minimize key investment risks are aimed at improving the efficiency of investment activities and is recommended as an element of the strategic planning of the company.

Strategic planning in grassland farming: Principles andapplications

1997 ◽  
pp. 191-197
Author(s):  
W.J. Parker ◽  
N.M. Shadbolt ◽  
D.I. Gray
Keyword(s):  
Strategic Planning ◽  
Performance Indicators ◽  
Cost Effective ◽  
Key Performance Indicators ◽  
Strategic Plans ◽  
Effective Manner ◽  
Farm Business ◽  
Pastoral Farming ◽  
Financial Environment

Three levels of planning can be distinguished in grassland farming: strategic, tactical and operational. The purpose of strategic planning is to achieve a sustainable long-term fit of the farm business with its physical, social and financial environment. In pastoral farming, this essentially means developing plans that maximise and best match pasture growth with animal demand, while generating sufficient income to maintain or enhance farm resources and improvements, and attain personal and financial goals. Strategic plans relate to the whole farm business and are focused on the means to achieve future needs. They should be routinely (at least annually) reviewed and monitored for effectiveness through key performance indicators (e.g., Economic Farm Surplus) that enable progress toward goals to be measured in a timely and cost-effective manner. Failure to link strategy with control is likely to result in unfulfilled plans. Keywords: management, performance

Strategic planning in today's dynamic world

2005 ◽  
Vol 5 (2) ◽  
pp. 53-62
Author(s):  
Terrance M. Brueck
Keyword(s):  
Strategic Planning ◽  
Cause And Effect ◽  
Security Issues ◽  
Strategic Plans ◽  
Planning Framework ◽  
The Subject ◽  
New Framework

Utilities today must adapt quickly to complex changes in workforce, infrastructure, technology, and regulations, as well as outside factors of the economy, security issues, and societal trends. Linear, cause-and-effect strategic planning does not work well in today's world. Given these uncertainties, how can utilities develop meaningful and useful strategic plans? Faced with these challenges, a group of 18 leading international utilities, assisted through IWA, has developed new ways of strategic planning. This project, sponsored by AwwaRF and conducted by EMA, has created a dynamic and flexible strategic planning framework. A new framework, coupled with many of these utilities' experiences in strategic planning, is the subject of this paper.

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