scholarly journals Specifics of competition and development of competitiveness of hotel business enterprises in the international market

2021 ◽  
pp. 5-8
Author(s):  
Kseniia KOVTUNENKO ◽  
Oleksandr KOVALENKO ◽  
Kateryna BONDARENKO ◽  
Kateryna LYKHASHCHENKO
Keyword(s):  
Hotel Industry ◽  
International Market ◽  
Economic Situation ◽  
Competitive Advantages ◽  
Factors Influencing ◽  
Current Economic Situation ◽  
Enterprise Competitiveness ◽  
Business Enterprises ◽  
Definition Of ◽  
The Impact

Introduction. Competition – the struggle of independent economic entities for limited economic resources. It is an economic process of interaction, interconnection and struggle between the speakers in the market enterprises in order to provide better sales opportunities for their products, meeting all the needs of customers. In the world market there is constant fierce competition from producers. Successful performance in foreign markets requires a significant increase in the competitiveness of domestic goods. The purpose of the paper is to improve the system of research of factors influencing the development of enterprise competitiveness, to define the concept of «competition in the international market», to consider the definition of competitive advantages in the hotel business and highlight their features, to substantiate the need for long-term study of competitiveness factors. Results. At import use of competition of foreign sellers allows to reach more favourable conditions of purchases. But the concept of competition is so ambiguous that it is not covered by any universal definition. This is a way of farming, and a way of capital existence, when one capital competes with another capital. In recent years, the hotel industry is characterized by an increase in supply while reducing demand for hotel services, which leads to significant competition in the market of hotel services. Competition in the market of hotel goods and services is based on the development of equipment and technology of hotel services, its organization, the feasibility of investment. According to foreign research today, the hotel industry has reached a high level of the international market with high growth and strong competition. The paper presents the results of studying the factors influencing the development of competitive advantages of the hotel business, highlights the key parameters that demonstrates the potential of identifying their competitiveness in the current economic situation. Conclusion. In the context of this paper, the results of studying the factors influencing the development of competitive advantages of hotel business enterprises were presented, the key parameters demonstrating the potential of identifying their competitiveness in the current economic situation were highlighted. Methods of improving the system of research of factors influencing the development of enterprise competitiveness were presented, the concept of «competition in the international market» was defined, the definition of competitive advantages of the enterprise in the hotel business was considered and their features were highlighted. Thus, competition is a business process of interaction, interconnection and confrontation between enterprises in the market in order to provide better sales opportunities, to meet all the needs of users. The advantages of competition are, on the one hand, the impact of production and market relations, and on the other – an increase in STP.

scholarly journals Factors for providing enterprise competitiveness

2020 ◽  
Vol 67 (6) ◽  
pp. 167-174
Author(s):  
B. Kravchuk ◽  
T. Lazorenko
Keyword(s):  
Competitive Advantages ◽  
Internal Factors ◽  
Factors Influencing ◽  
Analysis And Synthesis ◽  
General Scientific ◽  
Enterprise Competitiveness ◽  
Definition Of ◽  
Investigation Process ◽  
Harvard School

The classifications of factors ensuring the competitiveness considered by different authors are analyzed and the most complete and best one for use is distinguished in this paper. General scientific and empirical techniques based on the systematic approach are used, methods of generalization, comparison, analysis and synthesis are applied in the investigation process. The carried out analysis makes it possible to identify six main features of «competitiveness» concept. The formula for competitiveness calculation is presented and proposals necessary for the enterprise competitiveness growth are given. Taking into account all the necessary conditions for ensuring the competitiveness formation, the definition of «company competitiveness» concept is given, as well as the main aspects of this concept are provided. It is determined that the analysis of competitive positions in the market involves, first of all, the identification of its strengths and weaknesses, as well as factors influencing the attitude of consumers to the enterprise. The essence of “factors of competitiveness” category is determined and the list of the main factors of the enterprise competitiveness is given. The classification and analysis of the factors influencing the enterprise competitiveness proposed by professor from Harvard school M. Porter are given. The classifications of factors of enterprise competitiveness by such authors as: A. Olivier, A. Diane and R. Usrse, A. A. Thompson and A. Strickland, H. M. Skudar, T. M. Kulinich and B. V. Burkina, V. Synko and R. Yu. Yemadakov are also presented. The most well-known approach in economic literature, based on the combination of all competitiveness factors into two groups is highlighted. The classification of external and internal factors proposed by V. Synko is considered in detail. It is noted that there are factors that are less determined by the enterprise and factors that are almost entirely dependent on the enterprise. As a result, it is determined that competitive advantages significantly depend on the effectiveness of competitiveness factors use, and competitiveness is a set of enterprise characteristics, but its assessment cannot be done without taking into account external factors.

scholarly journals The Influence of Interest Rate Liberalization on Commercial Banks and Its Countermeasures

2020 ◽  
Vol 9 (1) ◽  
pp. 34
Author(s):  
Mengting Jiang
Keyword(s):  
Economic Development ◽  
Interest Rate ◽  
Commercial Banks ◽  
Economic Situation ◽  
Financial Reform ◽  
Interest Rate Liberalization ◽  
Loan Spread ◽  
Current Economic Situation ◽  
The Impact

<p>The liberalization of interest rate is an important part of the financial reform in China under the current economic situation, and it is the inevitable result of the economic development of China to a certain extent. With the deepening of interest rate liberalization reform in China, commercial banks have been affected to a certain extent; the deposit and loan spread, which accounts for the main income of commercial banks, has been narrowed, and the profit space of commercial banks has been further reduced. Therefore, this paper discusses the impact of interest rate liberalization on commercial banks and the choices that commercial banks should make under this situation.</p>

scholarly journals Systemic Approach to Evaluating External Factors Influencing the Resource Potential of the Catering Industry

2021 ◽  
Vol 2 (48) ◽  
pp. 143-148
Author(s):  
M. M. Kucher ◽  
◽  
H. P. Levchenko ◽  
Keyword(s):  
External Factors ◽  
Economic Situation ◽  
Business Practices ◽  
Labor Costs ◽  
Resource Potential ◽  
Factors Influencing ◽  
Catering Industry ◽  
Indirect Impact ◽  
Business Entities ◽  
The Impact

One of the defining sectoral features of the catering business as a component of a national economy is its increased sensitivity to changes occurring in the economic situation, environment and business practices. It is a priori impossible to take into account the absolute majority of factors influencing the process of resource potential formation, so it is necessary to determine the set of those factors that have a direct or indirect impact on the catering business in general and resource potential in particular, as well as on the formation of their comprehensive evaluation system. The article is aimed at evaluating the impact of these factors on the resource potential of enterprises in the catering industry. The macroenvironment is analyzed as a set of external factors of indirect impact by the following indices: GDP, investment, consumer price index, household income. The dualistic nature of the impact made by external factors of indirect impact is established, whereas these factors can be both opportunities and threats to the catering industry depending on certain criteria of the international economic situation. A comprehensive analysis of the meso environment from the standpoint of dividing impact factors in two groups: the market group (number of business entities in catering industry; gross output and volume of sales of goods; price indices for goods and services) and resource group (financial results of the catering industry and services; investment volume and structure in this area; employment and labor costs; information technologies usage). The presence and hidden sources by types of resources are established. Synthesis of the impact areas of external factors on the activity of catering business entities is made based on a symbiosis of the following methods: PEST-analysis, SWOT-analysis, PESTEL-analysis. A set of evaluation areas of factors influencing the formation of the resource potential of an enterprise is created, providing for the application of the distribution criterion depending on the area of evaluating external factors of indirect impact. The general economic indicator (GDP) is suggested to be used as a distribution criterion, whose range of values will indicate the transition of a particular index to the plane of "threat" or "opportunity".

scholarly journals The impact of relations with stakeholders on change management, innovation and competitiveness of the organization on the example of the current economic situation of enterprises in Poland

2020 ◽  
Vol 150 ◽  
pp. 333-345
Author(s):  
Marta WIĄCEK ◽  
Keyword(s):  
Change Management ◽  
Competitive Advantage ◽  
Global Market ◽  
Economic Situation ◽  
General View ◽  
Case Study Methodology ◽  
Current Economic Situation ◽  
Market Situation ◽  
Study Methodology ◽  
The Impact

Purpose: The purpose of this article is to systematize knowledge about organizations' relationships with their stakeholders and to highlight the connection and impact that managing these relationships and functioning in their network can have on them: an organization's capacity for innovation, change management efficiency and competitive advantage. Design/methodology/approach: Approach to the subject of the paper is theoretical in its first part and in the second one is based on the case study methodology conducted in chosen organization in Poland. On the basis of the literature, the basic variables influencing the accumulation of effects that can be achieved by an organization that effectively uses the synergy of all mentioned phenomena have been analysed. The examples of organizations in Poland applying such activities in the current economic situation were cited. Findings: Organisations which deal with difficult market situation should flexibly: use support from their stakeholders, take the risk of innovation and using both of the above try to implement and manage necessary changes efficiently and quickly. All these phenomena as well as the way of dealing with them make coping with hard situation easier. Practical implications: Article’s analysis and general view confirmes the significant economic and business impact on maintaining and increasing the competitive advantage of organizations using all mentioned phenomena to deal with difficulties of global market. Mentioned positive practical effects on enterprises prove how high the potential is created as a result of combining management of relations with stakeholders on competitiveness, innovation and the ability to manage organizational change. Originality/value: The interactions and effects of the impact on the organization of: stakeholders relations, networks and change management – that have already been scientifically described many times were emphasized because only in a few sectors of the economy their’ coexistence and its effects on the organization are clearly visible, observable and possible to describe.

scholarly journals GENERAL CHARACTERISTICS OF THE CURRENT ECONOMIC SITUATION OF THE LPC OF RUSSIA AND PROSPECTS FOR DEVELOPMENT

2021 ◽  
Author(s):  
O.A. Polyanskaya ◽  
A. Mikhailova ◽  
A. Tambi
Keyword(s):  
Wood Products ◽  
Economic Situation ◽  
Forest Sector ◽  
Timber Industry ◽  
Market Participants ◽  
Current State ◽  
Current Economic Situation ◽  
The Russian Federation ◽  
Almost All ◽  
The Impact

The Russian Federation is the richest forest power in the world, however, it is significantly inferior to a number of countries in the production of wood products. The development of the timber industry complex (LPC) is currently of particular importance, since it can make a great contribution to the country’s economy and, accordingly, affect a significant increase in the volume of Russia’s gross domestic product. In addition, the Russian LPC has significant potential and provides its products to almost all the leading sectors of the national economy. That is why the authors of the article pay attention to the strategy for the development of the LPC until 2030. In addition, the authors analyze the current state of the Russian timber industry, the impact on the industry of the current economic situation, the main economic results of the forest sector enterprises for the period from 2016 to 2020. The expectations of market participants and the prospects for the development of the industry are considered. The analysis of measures of support from the state is carried out. The main problems of the industry development are outlined.

Analysis And Modeling Of The Impact Of Factor Determinants On Functioning Of Hotel Economy In Ukraine

2021 ◽  
Vol 38 (4) ◽  
Author(s):  
Nazariy Popadynets ◽  
Tetyana Skrypko ◽  
Mariia Garasymliuk ◽  
Oleksiy Topchiy
Keyword(s):  
Regression Analysis ◽  
System Analysis ◽  
Influence Factors ◽  
Hotel Industry ◽  
Housing Sector ◽  
Competitive Advantages ◽  
Correlation And Regression Analysis ◽  
New Directions ◽  
Close Relationship ◽  
The Impact

The system of indicators that impact the process of forming of competitive advantages in hotel economy as one of the types of housing sector is suggested based on the system analysis. Close relationship between the competitiveness level of hotel economy in Ukraineand influence factors roughly divided into two groups (external and internal) is mathematically proven. The methodics of development of prognosis level of hotel economy competitiveness in Ukraineis formed based on respective values of stimulating and deterrent indicators. The hypothesis that income of population impacts the competitive advantages of hotel economy is suggested. The model of hotel economy competitive advantages for Ukrainewas developed based on correlation and regression analysis. It allows for determining of the level of hotel industry competitiveness and efficiency of development of new directions to improve the country’s touristic attractiveness and for detecting the factors (economic, infrastructural, etc.) that most closely correlate with the real competitiveness level of hotel business in the region.

Analysis of statistical indicators of labor and its payment in agriculture of the Republic of Mordovia

2020 ◽  
pp. 49-62
Author(s):  
Yulia Myrksina ◽  
Rimma Veniaminovna Livanova
Keyword(s):  
Social Security ◽  
Economic Situation ◽  
Manual Labor ◽  
Current Economic Situation ◽  
Key Issues ◽  
The Republic ◽  
The Right ◽  
The Impact ◽  
Labor Skills ◽  
Statistical Indicators

Agriculture is a key sector of our economy. The development of any sector, including agriculture, depends on such key issues as the availability of labor, skills of workers, complexity of work performed and labor, wages in industry, social guarantees for the population, etc. In agriculture, it is still impossible to do without manual labor. Labor must be paid. Remuneration should become a social guarantee for the working person, giving the right to a decent existence in society. To determine the current economic situation in society in 2020, the impact of negative economic processes on the development of the Republic of Mordovia, agriculture in the Republic and the level of wages in agriculture, the analysis of the main statistical indicators of the industry and the impact of these indicators on wages and social security of the population was carried out.

scholarly journals Religious Tourism’s Impact on City Space: Service Zones around Sanctuaries

Religions ◽  
2021 ◽  
Vol 12 (3) ◽  
pp. 165
Author(s):  
Izabela Sołjan ◽  
Justyna Liro
Keyword(s):  
Spatial Structure ◽  
Urban Space ◽  
Cultural Changes ◽  
Factors Influencing ◽  
City Space ◽  
Different Types ◽  
Definition Of ◽  
The Impact ◽  
The City ◽  
Model Approach

Pilgrimage centers are important elements of the spatial structure of cities and simultaneously factors influencing their transformations. The pilgrimage function of sanctuaries can lead to development of service zones around them focused mainly on serving visitors, i.e., pilgrims and tourists. They often perform functions complementary to sanctuaries. Here we present the results of studies of sanctuary service zones conducted at twenty six popular Catholic sanctuaries in Europe. In this paper, we discussed the influence of the sanctuary on city space on the macro, meso and micro scales. We proposed a definition of a sanctuary service zone, and developed a model approach to the different types: initial (slightly developed) zones, dispersed zones (integrated into the urban space, with their pilgrimage function coexisting with other urban functions), and compact zones—linear, or pilgrimage districts (with dominating pilgrimage function). The development of sanctuary service zones depends mainly on the rank of the pilgrimage center, as well as on the period in which it was founded, pilgrimage traditions, and the location of the pilgrimage center in the city. This paper is a continuation and extension of research into the impact of pilgrimage centers on city space transformations in the context of socio-cultural changes in the 20th and 21st centuries.

scholarly journals TO THE QUESTION OF THE MAIN FACTORS INFLUENCING THE CHANGES IN THE RUSSIAN RUBLE EXCHANGE RATE 

2019 ◽  
Author(s):  
Ж.М. Алиева ◽  
Д.А. Макаева
Keyword(s):  
Exchange Rate ◽  
Economic Situation ◽  
National Currency ◽  
Factors Affecting ◽  
Factors Influencing ◽  
The World ◽  
Current Economic Situation ◽  
Main Factors ◽  
The Exchange Rate ◽  
Political Groups

Цель данной статьи оценка состояния национальной валюты России на сегодняшний день, а также выявление основных факторов, влияющих на валютный курс рубля. Сопоставление курса российского рубля с общепринятыми мировыми валютами дает возможность понять уровень сегодняшней экономической ситуации в мире. В статье рассматриваются основные факторы, влияющие на валютный курс рубля, а также проведена их оценка. Выделены основные и наиболее важные факторы среди экономических и политических групп. Также рассмотрена динамика валютного курса рубля по отношению к доллару и евро за период с 01.12.2018 по 15.05.2019. The purpose of this article is to assess the state of the national currency of Russia today, as well as to identify the main factors affecting the exchange rate of the ruble. Comparing the exchange rate of the national currency with the world gives an idea of the current economic situation in the country compared to the global economic situation. The article discusses the main factors affecting the exchange rate of the ruble, as well as their assessment. The main and most important factors among economic and political groups are highlighted. The dynamics of the ruble exchange rate against the dollar and euro for the period from 01/12/2018 to 05/15/2019 was also considered.

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