scholarly journals Crisis management and leadership in a coronary crisis

2020 ◽  
pp. 135-147
Author(s):  
Roman Zvarych ◽  
Tetyana Tysh
Keyword(s):  
Crisis Management ◽  
Management Strategy ◽  
Negative Impact ◽  
Business Environment ◽  
Crisis Leadership ◽  
Economic Activities ◽  
Foreign Companies ◽  
High Competence ◽  
Almost All ◽  
Management And Leadership

Introduction. Crisis phenomena are an integral part of the development of any system in the world. Today; almost all countries suffer from crises; as it goes beyond the organizational activities and impacts the whole society. Crisis approaches are required to be implemented to administration at all levels. High competence of managers in such conditions; on the one hand; influences the development of individual crisis processes; and on the other - requires high quality management. Crisis management is able to prevent or mitigate crisis situations in production and economic activities; as well as to maintain the operation of the enterprise in the mode of survival during the unfavourable period and overcome it with minimal losses. The effectiveness of anti-crisis activities in the organization depends on the validity; completeness and timeliness of needed measures. Leadership is inherent in any field of human activity; but business environment is one of the spheres where role of leader is crucial. The efficiency of the enterprise is largely determined by the level of general development and competence of its top-management. Methods. The methodological basis of the study is a set of fundamental provisions of crisis theory; organizational theory; as well as modern concepts of crisis management and leadership. The solution of the set tasks was carried out by using a set of general scientific research methods: analysis of scientific literature; method of analogy and comparison; theoretical synthesis; classification; methodological generalization; economic and statistical analysis; expert assessments and scientific abstraction. The purpose of research is to analyze the economy of Ukraine in the context of the coronacrisis and to develop anti-crisis leadership measures for the development of domestic business. Results. The research proved that choosing correct crisis management strategy and its timely implementation can bring an organization out of the crisis and ensure its future functioning and prosperity. In research established that coronacrisis overcoming measures and its negative impact should include innovations in combination with proven methods of previous crises. The research proposes a set of measures for developing an effective crisis management strategy. The practices of management behavior models used by foreign companies in the conditions of coronacrisis are discovered and recommendations aimed at improving existing domestic models are provided. Prospects. The results of the research discover possibilities to develop leadership anti-crisis measures that will be effective in the future in conditions of uncertainty. The prospect of further research is to apply anti-crisis leadership measures for the development of domestic business in conditions of coronacrisis.

scholarly journals Prerequisites for the formation of an anti-crisis management system at industrial enterprises

2021 ◽  
pp. 5-12
Author(s):  
Yevhen ІVCHENKO ◽  
Liliia MARTYNOVA ◽  
Аndrii MARTYNOV
Keyword(s):  
Financial Crisis ◽  
Crisis Management ◽  
Management System ◽  
Industrial Sector ◽  
Business Environment ◽  
Entrepreneurial Activity ◽  
Economic Activities ◽  
Management Tools ◽  
Industrial Enterprises ◽  
Wide Range

Introduction. The development of Ukraine's economy today takes place in an unstable market environment, continuous modernization of the regulatory and legal field of economic activity of enterprises and structural transformations of the financial and economic sphere. The systemic financial crisis and the high level of impact of negative factors of entrepreneurial activity cause an increase in the level of risk of financial crisis in enterprises. In this regard, the formation of an effective system of crisis management in industrial enterprises is of particular importance The purpose of the paper is to study the determining factors and conditions of formation of the anti-crisis management system at the enterprises of the industrial sector of the economy of Ukraine. Results. The paper considers the main prerequisites for the formation of a crisis management system at enterprises in the context of the systemic transformation of the external and internal components of the business environment, identifies problematic aspects of the crisis management system. It is established that industrial enterprises in Ukraine carry out their economic activities under the influence of a wide range of adverse factors of internal and external nature, which certainly requires further development of the crisis management component as an integral part of the overall management system. The main scientific approaches that reveal the essence of anti-crisis management, as well as the regulatory framework governing the mechanism of enterprise management in a crisis are studied. The study establishes the following basic principles of crisis management: early identification of crisis phenomena and the factors that cause them, rapid response to signs of crisis, use of internal potential and rehabilitation mechanisms to counter crisis phenomena, ensuring control over the effectiveness of crisis measures. As a result, of the study, the main approaches to the classification of crisis management tools in enterprises are identified, which is a prerequisite for the formation of a rational system of crisis management in enterprises. Conclusion. It is established that further research can be aimed at determining the vector of development of the crisis management system in the transitive economic and legal system of management in Ukraine.

scholarly journals Features of cash audit in the conditions of ensuring the enterprise’s cybersecurity

2021 ◽  
pp. 16-22
Author(s):  
Hanna BULKOT ◽  
Iryna MIRKO
Keyword(s):  
Information Security ◽  
Business Environment ◽  
General Strategy ◽  
Economic Activities ◽  
Box Office ◽  
Demand Deposits ◽  
High Level ◽  
Almost All ◽  
Significant Attention

Introduction. Today, cash accounting transactions are important in the organization and activities of any enterprise, because they cover almost all areas of its financial and economic activities and require significant attention from the auditor, as during their implementation may occur various violations and overuses by officials of the enterprise. Since cash is the most mobile asset and in today’s business environment, basically, all cash payments are non-cash (electronically), there is a high probability of overuse by third parties. Therefore, performing an audit of cash operations and implementation cybersecurity of data about their calculations is an extremely important issue to increase the efficiency of accounting and management them in enterprises. The purpose of the paper is to determine the role of cash audit for the company and ways to increase efficiency of its implementation in terms of cybersecurity of the enterprise. Results. The article acquaints with the work of various economists on the interpretation of the concept of “cash”, so we can say that cash – are the most liquid assets of the company, which are in the form of cash at the box office, cash in the bank accounts and demand deposits. The general strategy and the plan of cash audit in terms of cybersecurity of the enterprise are considered. The main reasons occurrence of problem ensuring of cybersecurity of operations with cash of the enterprise are indicated. An appropriate level of information security for cash transactions has been proposed in order to prevent threats in the enterprise. Ways to damage information security in the process of conducting an audit of cash of the enterprise are improved. Conclusions. Cash audit must be conducted in conjunction with the implementation of the necessary cybersecurity measures in the enterprise in order to reduce the level of disclosure, leakage and unauthorized access to confidential information about cash and to ensure a high level of protection of the company’s own information sources.

CRISIS AND CRISIS MANAGEMENT IN ORGANIZATIONS, THE IMPORTANCE OF CRISIS AND CRISIS LEADERSHIP, THE EFFECTS OF THE COVID-19 PANDEMIC CRISIS PROCESS ON THE TURKISH ECONOMY

ATLAS JOURNAL ◽  
2021 ◽  
Vol 7 (44) ◽  
pp. 2214-2226
Author(s):  
Kaya AĞIN
Keyword(s):  
Crisis Management ◽  
Business Environment ◽  
Crisis Leadership ◽  
Negative Effects ◽  
Business Skills ◽  
Turkish Economy ◽  
Management Processes ◽  
Leadership Experience ◽  
High Level ◽  
Unexpected Outcome

Crisis (crisis) are difficult situations that threaten the high-level goals and business methods of an organization, or put the organization's existence in a dangerous situation, require quick decisions, and neutralize problem prevention systems. In other words, crisis can be defined as an unexpected situation or events that have an unexpected outcome (Sikich, 2002). Crises are a turning point for businesses by enabling organizations to gain new experiences and acquire new knowledge, and to turn this situation into an opportunity (Demirtaş, 2000). The ability of organizations to achieve their goals and to maintain their existence depends on their ability to adapt to their environment and to regulate their business skills depending on the expectations of the environment. The constantly changing environment creates major problems for businesses that cannot adapt to these changes and cannot balance. The success of organizations depends to a large extent on their ability to recognize and assess these dangers beforehand. Organizations can face many threats that can come from within the business or from the business environment. Because of its negative effects, organization managers' ability to cope with these threats is of great importance for businesses (Can, 2002). Organization managers' leadership, experience, knowledge and skills are most needed in times of crisis. Because the most important responsibility of a leader manager is to successfully prevent the crisis that occurs in the organization. Managers exist to manage unexpected conditions and solve problems in organizations. For this reason, administratorship is the problem management process in organizations. The manager is the person who prevents this problem. Therefore, leading managers appear and show themselves especially in times of crisis (Peker & Ayturk, 2000). In this study, the characteristics of the crisis in organizations, the reasons for the emergence of the crisis and the crisis management processes in organizations are mentioned. Crisis management processes of organizations in potential crisis situations are examined.

scholarly journals Social doctrine of UGCC Metropolitan Andrei Sheptytskyi as a factor of economic growth of Galicia in the late XIX – early XX century

2019 ◽  
Vol 2019 (52) ◽  
pp. 98-120
Author(s):  
Natalia Suprun ◽  
Ivanna Boiko
Keyword(s):  
Business Environment ◽  
Social Teaching ◽  
Economic Activities ◽  
Economic Agents ◽  
Cooperative Movement ◽  
Social Doctrine ◽  
Teaching Principles ◽  
Economic Culture ◽  
Economic Interaction ◽  
Almost All

The article deals with the principles and elements of social teaching as well as socio-economic activities of the UGCC Metropolitan Andrei Sheptytskyi in the context of their influence on economic development and formation of cooperative movement in Galicia in the late XIX – early XX century. It has been shown that the development of appropriate agricultural and cooperative education as well as active support of the private initiative by UGCC clergy appeared to be the key prerequisites for the successful cooperation. Andrei Sheptytskyi became not only an influencer but also initiator and active leader of the implementation of social teaching principles into practice of socio-economic transformations that prompted a rapid modernization of the economic and increased efficiency of economic and social processes. Thanks to the implementation of ideas and principles of social teaching, a real revolution occurred in many public spheres such as education, banking, cooperation and entrepreneurship. However, the crucial results of spreading social teaching ideas were changing in the economic culture and activities of Ukrainians, who henceforth considered not only their personal interest but tended to develop such a model of economic interaction, which creates a "positive sum” effect for other society members and for society as a whole. The optimal organizational form that allowed combining interests of different economic agents was cooperation, which, thanks to the ascetic work of the Metropolitan, covered almost all spheres of Ukrainian society life, became an economic base for solving most economic and social problems, and shaped an effective national business environment.

scholarly journals TOOLS FOR IMPROVING THE MANAGEMENT OF FOREIGN ECONOMIC ACTIVITY OF THE ENTERPRISE

2021 ◽  
Author(s):  
Victoria Yevtushenko ◽  
Marina Kudinova ◽  
Eleonora Hryhorova
Keyword(s):  
Foreign Trade ◽  
Economic Activity ◽  
Financial Stability ◽  
Government Regulation ◽  
Economic Effect ◽  
Market Model ◽  
Economic Activities ◽  
Foreign Companies ◽  
Advantages And Disadvantages ◽  
Almost All

The article is devoted to the search for tools to improve the management of foreign economic activity on the example of one of the Ukrainian enterprises operating in the field of rail freight transport. Uneven distribution of natural resources and many other factors have led to the emergence of foreign economic activity, which involves the exchange of goods, services, technologies, experience and more between countries. In this regard, the management of foreign economic activity for many years is one of the most important aspects of effective organization of any enterprise. Volumes of output and sales, profit, profitability and financial stability, as well as other indicators of companies operating in foreign markets, largely depend on the political situation, the state of legislation, exchange rate, government regulation in foreign economic activity. Ukraine’s transition to a market model of the economy also plays a significant role, which encourages domestic economic entities to improve the management of foreign economic activity. The urgency of this issue is also confirmed by the fact that without the development of foreign trade management, the implementation of economic activities of many organizations will be impossible due to the lack of positive economic effect. In addition, today foreign economic activity remains one of the ways to replenish the country's resources and is developing rapidly. Almost all modern enterprises try to cooperate with foreign companies, respectively, for each of them a very important issue is the correct construction of processes related to foreign trade. The article reveals the essence and main characteristics of foreign economic activity, describes the direct and indirect method of organizing the management of foreign economic activity, their advantages and disadvantages, provides a brief description of the company on which the study was conducted, and offers several tools to improve foreign trade management. At domestic and foreign enterprises. In addition, considerable attention was paid to foreign economic strategy, which reflects the behavior of enterprises in the international arena and one of the main components of the organization, which needs constant monitoring and improvement.

scholarly journals Pandemi dan Krisis Multidimensi: Studi Kasus Permasalahan Gender di Tengah Pandemi COVID-19

2021 ◽  
Vol 8 (1) ◽  
pp. 30-43
Keyword(s):  
Gender Inequality ◽  
Negative Impact ◽  
Gender Issues ◽  
Limited Resources ◽  
Economic Activities ◽  
Men And Women ◽  
Social Lives ◽  
And Gender ◽  
Almost All

This paper emphasizes that the Covid-19 pandemic is not just a health issue. It has caused a global economic crisis and most importantly a negative impact on gender inequality. The data was collected mainly from the UN Women and projected using content-analysis methods. Using a gender perspective, this study explains that the gender issues as a result of this crisis arise from economic activities that are not distributed fairly. In turn, this has spread to social lives of men and women with significantly more exposed women which are enforced in almost all countries. Job losses and the quality of life for both men and women have decreased. They are forced to make ends meet with increasingly limited resources. This can hamper the ongoing efforts on women's rights fulfilment and gender equality.

Opportunities for improving the insider laws: A comparative analysis of the practice in the USA and Russia

2020 ◽  
Vol 26 (4) ◽  
pp. 796-814
Author(s):  
E.K. Ovakimyan
Keyword(s):  
Financial Markets ◽  
Insider Trading ◽  
Negative Impact ◽  
Business Environment ◽  
Market Manipulation ◽  
Insider Information ◽  
Analysis And Synthesis ◽  
The Usa ◽  
Legislative Perfection ◽  
Definition Of

Subject. The article examines the laws regulating insider trading. Objectives. The study outlines recommendations for refining Law On Countering the Illegal Use of Insider Information and Market Manipulation and Amendments to Some Legislative Acts of the Russian Federation, № 224-ФЗ of July 27, 2010. Methods. The methodological framework includes a general dialectical method, analysis and synthesis, induction and deductions, and some specific methods, such as comparative and formal logic analysis to specify the definition of insider information, structural logic and functional analysis to improve the mechanism for countering insider trading and market manipulation. Results. We discovered key drawbacks to be addressed so as to improve the business environment in Russia. Although the Russia laws mainly mirror the U.S. laws, they present a more extended list of terms concerning the insider information. I believe the legislative perfection should be continued. Conclusions and Relevance. The study helps apply the findings to outline a new legislative regulation or amend the existing ones, add a new mention on the course of financial markets to students’ books, develop new methods for detecting and countering and improving the existing ones. If all parties to insider relationships use the findings, they will prevent insider trading crimes in financial markets and (or) reduce the negative impact of such crimes on the parties.

IFRS IMPLEMENTATION AS ONE OF THE FACTORS FOR IMPROVING THE INVESTMENT CLIMATE IN UKRAINE

2017 ◽  
Author(s):  
Kateryna Sova ◽  
◽  
Natalia Yatsenko ◽  
Denys Zagirniak ◽  
◽  
...  
Keyword(s):  
Financial Reporting ◽  
Direct Investment ◽  
Financial Statements ◽  
International Standards ◽  
Investment Climate ◽  
The European Union ◽  
Economic Activities ◽  
Financial Reporting Standards ◽  
Almost All ◽  
The Impact

The article is devoted to the study of the impact of the introduction of International Financial Reporting Standards (IFRS) on changes in the investment climate in Ukraine. The relevance of the topic is that improving the practice of applying IFRS as a tool for exchanging financial information is one of the key conditions for improving the investment climate in Ukraine. The authors have created the generalized scheme that illustrates the chronological list of enterprises that are required by law to prepare financial statements in accordance with IFRS. It was noted that in 2018, in accordance with Part 2 of Article 12 of the law on accounting and financial reporting in Ukraine and resolution of the Cabinet of Ministers of Ukraine No. 547 from 11.07.2018, the criteria of enterprises that are required to prepare financial statements in accordance with IFRS were updated. This step significantly increased the level of application of international standards due to the adoption of such a decision at the legislative level. The dynamics of the number of IFRS enterprises in Ukraine was analyzed. The analysis showed that over the past three years, the number of almost all enterprises that must apply international standards has been growing. The advantages of using IFRS for different users of financial statements were determined. It was determined that the priority users of IFRS financial statements are investors. At the same time, it was noted that the main advantage for other users of financial statements prepared in accordance with international standards is the improvement of the investment climate. The dynamics of the Investment Attractiveness Index of Ukraine based on the Likert scale in the period from 2016 to 2020 was analyzed. The direct investment receipts to Ukraine from the European Union countries were studied. The dynamics of direct investment in the Ukrainian economy was analyzed for two types of economic activities that should form financial statements in accordance with IFRS, namely, the extractive industry and quarrying, as well as financial and insurance activities.

THE MAIN DIRECTIONS OF ECONOMIC SUPPORT OF THE REGIONAL SECURITY SYSTEM OF THE POPULATION

2020 ◽  
Vol 1 (11) ◽  
pp. 133-140
Author(s):  
E. V. DMITRIEVA ◽  
Keyword(s):  
Crisis Management ◽  
Security System ◽  
Regional Security ◽  
Economic Losses ◽  
Economic Damage ◽  
Economic Activities ◽  
The Sustainable Development ◽  
Economic Support ◽  
The Impact ◽  
Crisis Situations

The article considers topical issues of economic support for the development of the regional security system of the population against various risks. The dependence of the impact of the scale of crisis situations on economic activities in the constituent entities of the Russian Federation, which become a serious barrier to the sustainable development of the regions of the country, was investigated. The increasing importance of risks of economic losses from accidents and disasters at potentially dangerous facilities as a result of the complex influence of natural, manmade and fire factors has been established. An analysis was carried out and proposals were developed to implement the key tasks of the state in the field of ensuring the protection of the population and territories of the country from disasters in order to ensure the stability of the economy. The organizational structure, division of tasks and functions between officials, crisis management structures and responding units were analyzed, taking into account the reduction in current financial costs. On the basis of a study of the peculiarities of the regions of the country, recommendations were formed to fulfill the necessary tasks by the anti-crisis management bodies in the field of reducing economic damage on the basis of preventing crisis situations and ensuring fire safety. It is proposed to organize the practical application of a complex automated security system based on modern developments with the application of improving the qualities and efficiency of anti-crisis management processes in order to increase economic efficiency. Initial data were formed to reduce potential threats of a natural, man-made, fire and other nature in the regions using financial and economic mechanisms. It is proposed to implement a set of priority measures to further improve and increase the potential of economic support for the anti-crisis management system. The materials of the article can be used in planning the main directions of the development of the regional population security system and the implementation of socio-economic development programs.

The Impact of the Business Environment on the Formalization of Informal Firms. The Case of Kosovo

Südosteuropa ◽  
2020 ◽  
Vol 68 (4) ◽  
pp. 505-529
Author(s):  
Kujtim Zylfijaj ◽  
Dimitar Nikoloski ◽  
Nadine Tournois
Keyword(s):  
Negative Impact ◽  
Positive Impact ◽  
Business Environment ◽  
Positive Influence ◽  
Policy Implications ◽  
Tax Reforms ◽  
Firm Level ◽  
Characteristics Analysis ◽  
Significant Negative Impact ◽  
The Impact

AbstractThe research presented here investigates the impact of the business environment on the formalization of informal firms, using firm-level data for 243 informal firms in Kosovo. The findings indicate that business-environment variables such as limited access to financing, the cost of financing, the unavailability of subsidies, tax rates, and corruption have a significant negative impact on the formalization of informal firms. In addition, firm-level characteristics analysis suggests that the age of the firm also exercises a significant negative impact, whereas sales volume exerts a significant positive impact on the formalization of informal firms. These findings have important policy implications and suggest that the abolition of barriers preventing access to financing, as well as tax reforms and a consistent struggle against corruption may have a positive influence on the formalization of informal firms. On the other hand, firm owners should consider formalization to be a means to help them have greater opportunities for survival and growth.

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