MANAGEMENT OF FOREIGN ECONOMIC ACTIVITY OF THE ORGANIZATION

2021 ◽  
Vol 2 (9) ◽  
pp. 14-31
Author(s):  
A. Zh. YAKUSHEV ◽  
◽  
A. B. LANCHAKOV ◽  
S. A. FILIN ◽  
D. P. SOROKA ◽  
...  
Keyword(s):  
Economic Model ◽  
Economic Activity ◽  
Management Decision ◽  
Managerial Decision ◽  
Foreign Markets ◽  
International Activities

The article analyzes the problems of improving the efficiency of managing the foreign economic activity of an organization, which lead to the need to change the algorithm of making a managerial decision on the development of its foreign economic activity. The main indicators and factors under which the organization is able to enter foreign markets are analyzed; the features, directions and risks of the organization's international activities are analyzed. The organizational and economic model of managing the foreign economic activity of the organization and the algorithm for making a management decision on the development of such activities are developed. Recommendations for improving the efficiency of work in this area are proposed.

scholarly journals Features of the SPACE method using for the optimal choice making of strategy development of foreign economic activity

2020 ◽  
pp. 11-16
Author(s):  
Nataliia PETRYSHYN ◽  
Yuliia CHYRKOVA ◽  
Mariana BORTNIKOVA
Keyword(s):  
Development Strategy ◽  
International Business ◽  
Economic Activity ◽  
Business Environment ◽  
Optimal Choice ◽  
Management Decision ◽  
Strategic Analysis ◽  
Foreign Markets ◽  
Financial Strength ◽  
Space Method

Introduction. Activation of international business requires the formation of a strategy for the development of foreign economic activity, because its implementation allows to increase competitiveness and flexibility under conditions of the business environment changes. Nowadays, the problems of developing the foreign economic strategy of the enterprise become especially relevant, because the modern conditions of commercial activity require fundamentally new standards, management methods and stages of international business organizing. The purpose of the paper is to study the peculiarities of the application of the method of strategic analysis SPACE for the implementation of the optimal choice of development strategy of domestic enterprises on the example of Electroprylad SPE LLC. Results. The SPACE method is to develop an assessment of the strategic position and strategic actions of the enterprise. This is a comprehensive method of strategic analysis, which allows you to identify and characterize the competitive position in the market in order to select the best strategy for the enterprise to act at the market. The introduction of the SPACE method for the implementation of the optimal choice of development strategy of Electroprylad SPE LLC provides for the implementation of successive stages: analysis of financial strength; determination of competitive positions in foreign markets; assessing the attractiveness of potential foreign markets; assessment of prospects for potential stability in foreign markets; selection of the optimal strategy for the development of foreign economic activity of the enterprise based on the results of the SPACE method. The SPACE method allowed to form a group of priority characteristics and parameters of Electroprylad SPE LLC activity, which were previously identified from all existing variety, allowed to organize them and determine the complex impact on the management decision-making process by validity, as well as to choose the best foreign economic development strategy. Conclusion. Implementation of the SPACE method for selecting the strategy of foreign economic activity development of Electroprylad SPE LLC is connected with the mandatory involvement leading specialists in the strategic analysis in order to perform the necessary tasks related to the methodology of strategic analysis. The set of criteria is determined taking into account the internal priorities of work and external strategic goals of foreign economic activity. The parameters of the production and financial strength of Electroprylad SPE LLC must be fully taken into account.

Improvement of foreign economic activity of «Planet of equipment» LLC

2019 ◽  
pp. 91-100
Author(s):  
Віталій Іванович Сичевський ◽  
Віталія Вячеславівна Скриль
Keyword(s):  
Foreign Trade ◽  
Economic Activity ◽  
Present Stage ◽  
Foreign Markets

At the present stage many Ukrainian enterprises are actively involved in foreign trade, which is important. However, the lack of experience or inexperience of domestic enterprises in foreign markets requires a lot of efforts to implement it. The article considers consumer foreign economic activity of enterprises, elaborates the main preconditions and general recommendations for improvement of foreign economic activity of enterprises.

INCREASING THE EFFICIENCY OF MANAGERIAL DECISION THROUGH THE IMPLEMENTATION OF A BUILT-IN QUALITY SYSTEM

2020 ◽  
Vol 1 (11) ◽  
pp. 54-59
Author(s):  
E. S. GUROVA ◽  
◽  
E. P. ZNAMENSKAYA ◽  
Keyword(s):  
Quality Management ◽  
Management System ◽  
Quality System ◽  
Enterprise Management ◽  
Management Decision ◽  
Managerial Decision ◽  
High Quality ◽  
Supporting System ◽  
Enterprise Management System

The article considers one of the important criteria for improving the enterprise management system – making a high-quality management decision. This criterion affects the development of the organization's management system. The proposed method, using the implementation of the built-in quality system, will increase the number of high-quality decisions made, increase the ability of the management system to adapt to external changes, and contribute to the formation of a self-supporting system by using the internal reserves of the organization.

scholarly journals PROSPECTS FOR THE DEVELOPMENT OF FOREIGN ECONOMIC ACTIVITY OF THE ENTERPRISES OF AGRARIAN AND INDUSTRIAL COMPLEX

2020 ◽  
pp. 146-159
Author(s):  
Antonina BROYAKA
Keyword(s):  
Foreign Trade ◽  
Economic Activity ◽  
Raw Materials ◽  
Price Volatility ◽  
Global Market ◽  
Positive Trend ◽  
Industrial Complex ◽  
Foreign Markets ◽  
Agricultural Producers ◽  
Safety Standards

The article examines the essence of foreign economic activity of enterprises, the features and prospects of its implementation in the field of agrarian and industrial complex. Based on the conducted analysis, it is proved that agrarian export of Ukraine plays a significant role in the formation of the budget and GDP of the country, since its share in 2018 was 14.2% of GDP and 33.4% of the total national exports of goods. The dynamics of export-import operations of the agrarian sector is explored and it is found that it demonstrates a positive trend in contrast to the general foreign trade balance of Ukraine. The analysis of the agrarian exports structure in 2010-2019 confirms the growth of the share of the majority of agrarian products types sold abroad. However, Ukrainian exports are mainly oriented towards raw materials, which, among other reasons, is associated with technological backwardness and the limited ability of domestic agricultural producers to purchase modern equipment and technologies due to theirs low solvency. The commodity orientation of Ukrainian exports makes the competitive position of Ukraine in foreign markets vulnerable, since the demand for commodities is unstable and is characterized by significant price volatility. The geographical structure of foreign trade in agrarian products and the possibilities of its further diversification are investigated. The majority of Ukrainian products in Europe are purchased in Poland, Italy and Germany. Significant connoisseurs of Ukrainian products are also Turkey, China, India, Egypt. Ukrainian exports should be expanded to Asian and Eastern countries. The key problems that put the brakes on the development of the foreign economic activity of the enterprises of agrarian and industrial complex and hinder the competitiveness increase of domestic agrarian products in the international market are identified. A number of measures are proposed to promote the further development of the foreign economic activity of the enterprises of agrarian and industrial complex, including the development of appropriate strategies taking into account global market trends, harmonization and compliance with the quality and safety standards of agrarian products, improving the innovative component, strengthening state support (including financial) of the export-oriented agrarian enterprises, improving the investment climate, and more.

scholarly journals Analysis of foreign experience in managing foreign economic activity of SMEs

2021 ◽  
Vol 20 (3) ◽  
pp. 128-138
Author(s):  
A. E. Gorokhova
Keyword(s):  
Best Practices ◽  
Economic Activity ◽  
Traditional Approach ◽  
Global Value Chains ◽  
Value Chains ◽  
Foreign Markets ◽  
Foreign Experience ◽  
A Company

The article is devoted to the analysis of foreign experience in managing the foreign economic activity of small and medium-sized enterprises. The author draws attention to how it is possible to use foreign best practices in managing a company entering foreign markets. It is determined that internationalization can be used as an opportunity to diversify the sources of income for export–oriented companies. Some approaches to expanding the international participation of SMEs are considered: the traditional approach; the approach of «companies born of globalization»; the concept of «revived by globalization»; an approach to participation in global value chains.

scholarly journals Organization and management of the development of ecological tourism in a circular economy

2021 ◽  
Vol 255 ◽  
pp. 01026
Author(s):  
Oleksii Hutsaliuk ◽  
Iuliiа Bondar ◽  
Nataliіа Sereda ◽  
Oksana Babych ◽  
Inna Shchoholieva
Keyword(s):  
Sustainable Development ◽  
Natural Resources ◽  
Circular Economy ◽  
Economic Model ◽  
Economic Activity ◽  
Social Economic ◽  
Economic Resources ◽  
Modern World ◽  
Organization And Management ◽  
Ecological Tourism

In the modern world, the question of the interaction of society and nature is one of the most acute problems among those facing humanity. Today, rapid economic development is causing a significant increase in the use and, consequently, depletion of natural resources. This necessitates the search for a new economic model that could break the link between economic growth and the depletion of natural resources. The study substantiates the theoretical aspects of eco-tourism as an important component of the strategy of sustainable development of tourism in Ukraine. The priority directions of sustainable development of tourism in the context of modernization of economic activity of Ukraine are outlined. The main directions of greening of the tourist sphere are considered. The main functions and principles of eco-tourism are formed and the relevance of the research and the need to develop prospects for the development of eco-tourism in Ukraine are substantiated. The concept of circular economy is a new economic model that manages the development of ecotourism, which allows to resolve the growing contradiction between the need to meet the growing needs of tourists and the limited number of natural, social, economic resources of host destinations in a deteriorating environment.

Managerial Decision Support in the Post-COVID-19 Era

2021 ◽  
pp. 225-241
Author(s):  
Jan Kalina
Keyword(s):  
Decision Making ◽  
Decision Support ◽  
Decision Support Systems ◽  
Management Practices ◽  
Support Systems ◽  
Management Decision ◽  
Managerial Decision ◽  
Massive Datasets ◽  
New Development ◽  
Decision Making Processes

The COVID-19 pandemic accelerated trends to digitalization and automation, which allow us to acquire massive datasets useful for managerial decision making. The expected increase of available data (including big data) will represent a potential for an increasing deployment of management decision support systems for more general and more complex tasks. Sophisticated decision support systems have been proposed already in the pre-pandemic times either to assist managers in specific decision-making processes or to perform the decision making fully automatically. Decision support systems are presented in this chapter as perspective artificial intelligence tools contributing to a deep transform of everyday management practices. Attention is paid here to their new development in the quickly transforming post-COVID-19 era and to their role under the post-pandemic conditions. As an original contribution, this chapter presents a vision of information-based management, which far exceed the rather limited pre-pandemic visions of evidence-based management focused primarily on critical thinking.

scholarly journals New Agricultural Model of Economic Sustainability for Wheat Seed Production in Romania

2020 ◽  
Vol 12 (10) ◽  
pp. 4182 ◽  
Author(s):  
Romeo Victor Ionescu ◽  
Monica Laura Zlati ◽  
Valentin Marian Antohi ◽  
Silvius Stanciu ◽  
Florina Oana Virlanuta ◽  
...  
Keyword(s):  
Seed Production ◽  
Decision Model ◽  
Management Decision ◽  
Wheat Seed ◽  
Managerial Decision ◽  
Product Demand ◽  
Proposed Model ◽  
Study Results ◽  
European Markets ◽  
The Eu

In the conditions of a digitalized and sustainable economy, a smart decision is focused on all demand aspects regarding: the product demand, the quality demand, and the elements of national and international bodies able to ensure the criteria of economic integrity on the European Markets. These aspects represent a set of challenges and indicate the smart component of the management decision assisted by reliable economic models. The present work aims to develop such a model applied to the wheat seed production starting from the study of the specialized literature and using empirical methods. The analysis covers 2016–2020. The main objective of the study is the combination of the information from the observational study to obtain the smart decision model. The study results in the smart model of managerial decision, which represents a real necessity for managers, considering the challenges to which they are subjected. The proposed model in the paper can be used for all types of seeds across the EU and not only. The implementation of the present study by the authors validates the proposed model.

Artificial Neural Networks and other AI Applications for Business Management Decision Support

2016 ◽  
Vol 8 (4) ◽  
pp. 1-20 ◽  
Author(s):  
Steven Walczak
Keyword(s):  
Neural Networks ◽  
Artificial Neural Networks ◽  
Management Decision ◽  
Leadership Responsibilities ◽  
Managerial Decision ◽  
Managerial Leadership ◽  
Tremendous Amount ◽  
Artificial Neural ◽  
Manager Performance ◽  
Amount Of Knowledge

Artificial intelligence (AI) in general and artificial neural networks (ANN) in particular provide a tremendous amount of knowledge to improve managerial decision making. Additionally, these same ANN and AI techniques also serve as knowledge repositories and distribution schema for organizations that facilitate managerial leadership responsibilities. This article examines how various ANN and other AI applications may be adapted to facilitate managerial leadership, improve manager performance and in some cases perform management activities. Further research that classifies leadership styles and the desired qualities of leaders is reviewed.

Three perspectives on evidence-based management: rank, fit, variety

2018 ◽  
Vol 56 (10) ◽  
pp. 2085-2100 ◽  
Author(s):  
Peter F. Martelli ◽  
Tuna Cem Hayirli
Keyword(s):  
Decision Making ◽  
Science And Technology Studies ◽  
Management Decision ◽  
Evidence Based ◽  
Managerial Decision ◽  
Content Type ◽  
Rigorous Research ◽  
Central Notion ◽  
Management Decision Making ◽  
Cybernetic Theory

Purpose The debate on evidence-based management (EBMgt) has reached an impasse. The persistence of meaningful critiques highlights challenges embedded in the current frameworks. The field needs to consider new conceptual paths that appreciate these critiques, but move beyond them. The paper aims to discuss this issue. Design/methodology/approach This paper unpacks the concept of finding the “best available evidence,” which remains a central notion across definitions of EBMgt. For each element, it considers relevant theory and offers recommendations, concluding with a discussion of “bestness” as interpreted across three key dynamics – rank, fit, and variety. Findings The paper reinforces that EBMgt is a social technology, and draws on cybernetic theory to argue that the “best” evidence is produced not by rank or fit, but by variety. Through variety, EBMgt more readily captures the contextual, political, and relational aspects embedded in management decision making. Research limitations/implications While systematic reviews and empirical barriers remain important, more rigorous research evidence and larger catalogues of contingency factors are themselves insufficient to solve underlying sociopolitical concerns. Likewise, current critiques could benefit from theoretical bridges that not only reinforce learning and sensemaking in real organizations, but also build on the spirit of the project and progress made towards better managerial decision making. Originality/value The distinctive contribution of this paper is to offer a new lens on EBMgt drawing from cybernetic theory and science and technology studies. By proposing the theoretical frame of variety, it offers potential to resolve the impasse between those for and against EBMgt.

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