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.

scholarly journals SPATIAL CONCEPT OF RATIONALE BEHIND ECOLOGICAL AND ECONOMIC DEVELOPMENT

2018 ◽  
Vol 2018 (11-12) ◽  
pp. 136-147
Author(s):  
Ihor BYSTRIAKOV ◽  
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
Economic Activity ◽  
Natural Ecosystem ◽  
Spatial Concept ◽  
Economic Concept ◽  
Business Entities ◽  
Definition Of ◽  
Post Industrial ◽  
Platform Economy

For Ukraine’s conditions, it is important to find new forms of organization of economic activity, which will ensure the overcoming of “catching-up” of the world economy. It is advisable to solve the problem in terms of determining the features of the national space for sustainable development. At the same time, objectively, there is a need to adapt the definition of “space” as such to the practice of environmental and economic development management. From a methodological standpoint, the issue is to use the post-industrial approaches to define economic processes with a focus on the category of “interest”. Since economic space of the post-industrial type is formed by the flows of “interests” of business entities, which circulate and determine its structure, attention is focused on domination of energy and information in communicative processes. From the standpoint of the functioning of a proper communicative field, the effect of economic activity is provided by reducing the parameters of transaction duration and then reducing the costs to a corresponding acceptable level. Evolution of the communication system indicates a change in the nature of interaction of business entities with environment. The main issues are the ecological and economic encodings of the life space, which gradually transform into everyday reality and form the corresponding cognitive frames. Therefore, an important point is the search for modern forms of economic self-sufficiency of functioning of ecological systems at the level of requirements for their safe existence at the expense of rational use of natural resources assets. The author emphasizes the expediency of focusing on decentralized forms of managing the process of ensuring the ecological and economic development of territories, taking into account the relevant competences of local economic systems within the definition of their communication fields. Aforementioned approach can be fully solved in the framework of the so-called platform economy. As a phenomenon of macroeconomic level, the platform economy provides guidance on changing the mechanism of cost formation at the grassroots level. The ecological and economic concept of sustainable development fits into general trends associated with transformation of the markets towards expansion of network interactions, since business as well starts to develop according to the similar to natural ecosystem laws.

ACCOUNTING AND ANALYTICAL INSTRUMENTS OF DEBT SETTLEMENT MANAGEMENT

2018 ◽  
Author(s):  
Oleksandr Kostenko ◽  
◽  
Alla Savchenko ◽  
Maryna Skoryk ◽  
◽  
...  
Keyword(s):  
Economic Activity ◽  
Financial Stability ◽  
Tax Base ◽  
Analytical Instruments ◽  
Accounts Payable ◽  
Strategic Goals ◽  
Methodological Approaches ◽  
Business Entities ◽  
Analytical Tools ◽  
Normal Feature

The article states that the economic activity of any enterprise is almost impossible without the occurrence of receivables, because between business entities there are constantly different conditions for buying or selling products, goods, works and services. Scientific and methodological approaches to the management of receivables and payables are studied. Accounting and analytical tools to increase its efficiency are substantiated. It is proved that the occurrence of receivables and payables is a normal feature of the economic activity of the enterprise, and every business entity is interested in optimizing its volume. Settlements with debtors and creditors are related to inflows and outflows. The organization of accounting, analysis and effective management of settlements with debtors and creditors is of strategic importance to businesses and the results of this process affect the financial stability, tax base of the enterprise, the formation of income and expenses and, consequently, to achieve strategic goals its development in market conditions and ensuring competitiveness, profitability of economic activity. Attention is focused on the fact that the excess of accounts payable poses a threat of large debts of the enterprise and, as a result, loss of solvency. At the same time, timely identify inadmissible types of receivables and payables, which, first of all, include overdue debts to suppliers, overdue debts to customers for more than three months, overdue debts on wages and payments to the budget, extrabudgetary funds. A critical analysis of the views of individual scholars was conducted and it was noted that the existing classifications of debt are incomplete and cover only one feature.

scholarly journals The use of the term compliance in order to improve the efficiency of companies

2021 ◽  
Vol 118 ◽  
pp. 04010
Author(s):  
Ilya Samatovich Iksanov ◽  
Elena Pavlovna Panova ◽  
Natalia Nikolaevna Frolova ◽  
Natalia Yuryevna Filimonova ◽  
Andrey Aleksandrovich Shanin
Keyword(s):  
Economic Activity ◽  
Structural Elements ◽  
State Control ◽  
Compliance Control ◽  
Legal Entity ◽  
Commercial Activities ◽  
Business Entities ◽  
Definition Of

The purposes of the study are: to reveal the meaning of the term “compliance”; to define the use of the term “compliance” in the Russian environment; to determine how the term “compliance” functions in Russian legislation; to find out what different definitions, functions, and scope of use of compliance can be found in the legal field. The article discusses the importance of compliance in various fields: legal, economic, and management. In Russian legislation, the definition of the term “compliance” is not disclosed or applied more locally. Based on the Russian and Western definitions of the concept, this article offers an interpretation of the “compliance” definition. The article analyzes compliance procedures that should not only monitor compliance with current legislation, but also act as a risk-oriented model and take into account factors that affect the implementation of any type of economic activity. In order to reduce possible business risks and comply with legislation on the part of organizations, and to address the issue of responsibility of entrepreneurs on the part of state control and Supervisory authorities, it is necessary to implement a compliance system. The main principles for implementing compliance control are also highlighted. Compliance control should apply not only to a legal entity and its structural elements, but also to a group of individuals. The implementation of compliance control is important not only for business entities, but also for state control and Supervisory organizations, since compliance control allows you to determine the integrity of a business in carrying out its commercial activities, and is also a mitigating circumstance in determining responsibility and punishment.

scholarly journals PUBLIC PROCUREMENT STRATEGY FOR THE POST-CONFLICT TERRITORIES

2021 ◽  
pp. 42-52
Author(s):  
R. A. Dzhabrailov ◽  
V. K. Malolitneva
Keyword(s):  
Development Strategy ◽  
Public Procurement ◽  
City Development ◽  
The Public ◽  
Recovery Processes ◽  
Post Conflict ◽  
Strategic Goals ◽  
Development Goals ◽  
Procurement Strategy ◽  
Business Entities

The article is dedicated to the need to develop and approve a Public Procurement Strategy for the Donetsk region, which will envisage the use of procurement not only for current purchase of goods, works or services, but also for implementation of additional ‘horizontal’ goals in creation of employment opportunities, environmental protection and support for small and medium-sized enterprises, taking into account the peculiarities of post-conflict recovery processes. It is emphasized that currently there are no strategic approaches to the use of public procurement in solving complex problems of Donetsk region development, which is manifested in the following: 1) strategic development goals of Donetsk region are not related to public procurement, i. e., no connection has been established between them; 2) no specific goals have been set for the public procurement itself, and there is no vision for the development of procurement in the Donetsk region. It is suggested that these problems could be solved by the Public Procurement Strategy for the Donetsk region, which would envisage goals for the strategic use of public procurement. It is proved that this Strategy will: 1) promote the recognition and understanding by contracting authorities of public procurement as a potential means of addressing important issues of regional or city development and strengthen the role of procurement in these processes; 2) allow business entities to better plan their activities; 3) ensure consistency of strategic goals of the region’s development with national priorities, including sustainable development. The vision of public procurement development is defined. The goals of the Donetsk Region Development Strategy for the period up to 2027, in the implementation of which public procurement can play an important role, are defined as well. Additionally, the goals of the draft Public Procurement Strategy are coordinated with the Donetsk Region Development Strategy.

scholarly journals Economic activities of enterprises: essence, conceptual paradigm, regulation

2019 ◽  
pp. 104-112
Author(s):  
Oksana Chumak
Keyword(s):  
Economic Activity ◽  
Point Of View ◽  
Social Needs ◽  
Social Significance ◽  
Economic Activities ◽  
Conceptual Approach ◽  
Literary Sources ◽  
Study Results ◽  
Scientific Substantiation ◽  
Definition Of

Introduction. The economy of world is driven by corporations, enterprises of all forms of ownership and entrepreneurs, the basis of functioning which is economic activity, which transforms resources and processes into expected result – profit and satisfaction of social needs. In Ukraine, the normative base, scientific and professional sources interpret and determine the content of economic activity in most part, using the term economic activity (other interpretation), which determines controversy of economic and legal basis for a number of economic transactions. Thus, development of questions of clarifying terminology of economic activity and clarifying the limits of regulation of economic activity of enterprises of various social significance need to be developed. Methods. The research used methods of analysis, synthesis, concretization, which allowed to explore the content components and historical stages of understanding the economy and economic activity; methods of abstraction, logical generalization and comparison – for comparing the concepts of economic and economic (other interpretation) activity, comparison of foreign and domestic experience in the vision of the concept under study; generalization method and abstract methodology – for generating generalizations and conclusions of the study. Results. Meaningful understanding the concept of economic activity is investigated on the basis of the analysis of literary sources and normative acts, its significance from the economic, sociological, philosophical and legal point of view is revealed. The article presents a conceptual approach to the understanding of the definition of economic activity at the micro level. Discussion. Further research in this area should relate to the scientific substantiation of the management of economic activity of enterprises. Keywords. state-owned enterprise, economic activity, management, regulation.

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 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.

scholarly journals Impact of sustainable development goals on strategic planning in the Russian regions

2021 ◽  
Vol 258 ◽  
pp. 06001
Author(s):  
Artem Mazein
Keyword(s):  
Sustainable Development ◽  
Strategic Planning ◽  
Sustainable Development Goals ◽  
Structural Method ◽  
Russian Regions ◽  
Federal Law ◽  
The Sustainable Development ◽  
Study Results ◽  
Development Goals ◽  
The Difference

Achievement by states of the Sustainable Development Goals proclaimed by the UN in 2015 requires appropriate governance. The most appropriate method is strategic planning. A large number of strategic planning documents have been adopted in Russian regions. The author notes that the words “plan,” “forecast,” “strategy,” “program” are found in the names of 950 thousand legal acts of the regional and municipal levels. This is about 9% of their total. In this article, the author examines regional legislation for the inclusion of ideas on sustainable development. The author uses methods of analysis, synthesis, generalization, and system-structural method. The study results confirm that the regulation of sustainable development is reflected primarily in strategic planning documents. The author shows that references to sustainable development in 88% of cases are found in strategic planning documents. Strategic planning documents are adopted following the federal law “On strategic planning in the Russian Federation". However, the article concludes that the approaches to the formation of strategic planning documents are different. The author demonstrates that similar strategic documents are adopted by various bodies and for different periods. For example, only 46 out of 85 regional development strategies have been adopted until 2030; the rest have different implementation dates. The author concludes that the difference in approaches is permissible, and the intersection of strategic measures in various documents of the same level must be timely excluded.

scholarly journals Basic approach to strategic planning of investment activities of business entities in agricultural sector

2020 ◽  
pp. 78-83
Author(s):  
Leonid Piata
Keyword(s):  
Strategic Planning ◽  
Agricultural Sector ◽  
Synthesis Method ◽  
Synthesis Methods ◽  
Investment Activity ◽  
Basic Approach ◽  
Main Research ◽  
Activity Planning ◽  
Business Entities ◽  
Main Components

Purpose. The aim of the article is to highlight the basic approach to strategic planning of investment activity of business entities in agricultural sector and its main components. Methodology of research. The main research methods in the article are analysis and synthesis methods. Using the analysis method, the components of the basic approach to strategic planning of investment activity are analysed. Using the synthesis method, significant elements of the studied basic approach are determined. Findings. The article discusses the basic concepts used in the process of strategic planning of investment activity of business entities in agricultural sector, in particular: “investment”, “investment activity”, “planning”, “strategic planning” and “strategic planning of investment activity”. The specialities of planning and strategic planning of investment activity in the business entities in agricultural sector are described. Peculiarities of planning and strategic planning of investment activity in economic entities of the agricultural sector are described. Originality. The author defines the main components of the basic approach to strategic planning of investment activities of business entities in agricultural sector: functional specialities, industry differences, principles, criteria, structural elements, sources of investment, stages. The attention of agricultural entities is emphasized on the importance of flexible application of the basic approach in the process of strategic planning of investment activity, taking into account the specialization of their economic activity, the level of material and technical support, the actual and potential ratio of investment sources, the influence of environmental factors and specific development goals. Practical value. The results of the study can be used in the process of preparing strategies and strategic plans for investment activities by agricultural entities. Key words: investments, investment activity, planning, strategic planning, investment activity strategies.

scholarly journals Localizing the Sustainable Development Goals: a managerial perspective

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Enrico Guarini ◽  
Elisa Mori ◽  
Elena Zuffada
Keyword(s):  
Sustainable Development ◽  
Strategic Planning ◽  
Local Governments ◽  
Sustainable Development Goals ◽  
Continuous Process ◽  
Content Type ◽  
Capital Cities ◽  
Public Managers ◽  
Strategic Plans ◽  
Development Goals

PurposeThis article investigates how Sustainable Development Goals (SDGs) can be integrated into the strategic planning and management processes of local governments (LGs). It draws from the classic strategic planning and control framework developed in management studies and elaborates some propositions for adapting, implementing and monitoring the SDGs at the city level.Design/methodology/approachAs a first step in the assessment of the ways the principles of sustainable development can be integrated into LG management, this research scrutinizes the incorporation of sustainability goals in the strategic plans of all medium-to-large capital cities of provinces in Italy, a context in which there has been a National Strategy for Sustainable Development (NSSD) since 2016.FindingsThe focus on SDGs at the LG level in Italy is in its initial stage, and few capital cities have started to integrate sustainable development concerns into their comprehensive strategic plans. SDGs are used mainly as a reference framework in the strategic plans to demonstrate the contribution of LG strategies to global concerns on sustainable development.Practical implicationsThe paper offers insights for political leaders and public managers to rethink their strategic management systems, including the continuous process of evaluating and updating of strategic plans, in accordance with the multidimensional perspective of sustainability. To this end, the study has identified possible patterns of actions that public managers elsewhere will find useful.Originality/valueThe managerial approach behind the proposed conceptual framework might contribute to effectively localize the SDGs in multilevel government settings and to integrate the concept of sustainability as a guiding principle into organizational routines.

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