Enterprise Restructuring Based on Modeling the Economic Responsibility of Its Divisions

Structure and function as two system-building factors that affect each other. Their mutual conformity is a guarantee of the system efficient functioning. At certain time this conformity can be broken and it will impact adversely the organization work. As a result it will be necessary either to revise the function (mission) of the enterprise or to restructure it. According to the theory of business systems, the contribution of each division to the system function realization can be estimated through modeling economic responsibility, which should, in theory, correspond to employees' remuneration. The given logic underlies COMPAS methodology, whose version was elaborated by the authors and used in the article. This methodology was tested at the Research Center of Pharmacotherapy. The findings of the research allowed the authors to put forward the current and strategic solution to the problem of unbalanced economic responsibility and personnel remuneration. In the short run in order to reduce the general manager's load it is possible to pass some of his/her tasks to subordinates and in the long run it is recommended to change the structure of enterprise management and revise the distribution of economic responsibility and remuneration in divisions.

Enterprise restructuring - An effective solution or apparent institution? Analysis of contemporary legal regulations

This article aims to provide a detailed discussion of the restructuring process and to indicate whether the said institution is achieving its statutory objectives. Four restructuring proceedings have been presented in the study that the entity undergoing restructuring may benefit from. It is worth noting that the study included restructuring goals, differences between individual restructuring processes and the most important statutory definitions such as insolvency and restructuring capacity were described. Considering the above, the article indicates the most important legal aspects of the discussed institution and problems related to the discussed issue.

CREATING A BUSINESS PLAN FOR ENTERPRISE RESTRUCTURING

In today's conditions, the interest of enterprises in the implementation of restructuring is constantly growing. Until recently, only enterprises that were in a pre-crisis or crisis state were interested in the restructuring tool, but the constant trends of changes in the economic environment encourage successful enterprises to use restructuring as well. Restructuring is considered as an effective tool for overcoming crisis phenomena in the activities of economic entities, increase efficiency, level of competitiveness and value of enterprises. The experience of enterprise restructuring in different periods of economic development allows to characterize the purpose, objectives of restructuring, describes its main stages, determine the features of the restructuring process and develop an algorithm for restructuring. In the study of enterprise restructuring, the main conceptual ideas of existing theoretical models of formation of organizational support for restructuring were identified. Analyzing the stages of the restructuring and the documents that help its implementation, it was concluded that the requirements of the parties interested in the restructuring are not met. This necessitates the definition of the main documents that need to be formed at each stage of the restructuring and the development of an effective business plan for its implementation. The development of a business restructuring plan should be based on the transformation of one alternative option to achieve the established objectives of the restructuring and be a comprehensive plan of specific actions with the definition of deadlines, resources, persons responsible for their implementation. The authors analyze the existing approaches to the development of a business restructuring plan and propose their own structure of the business restruc-turing plan of the enterprise, which includes the formation of a questionnaire – a summary of the enterprise, the target restructuring program and the restructuring plan. The practical significance of the obtained results is that the theoretical provisions of the article have an applied value and can be used in any economic activity of enterprises in modern business conditions.Keywords: restructuring, restructuring business plan, target restructuring program, stages of restructuring, restructuring methods, restructuring measures, restructuring concept, business plan implementation. В умовах сьогодення інтерес підприємств до здійснення реструктуризації постійно зростає, зумовлюючи необхідність у визначення основних етапів реструктуризації та розроблені дієвого бізнес-плану її реалізації. У даній статті узагальнено поняття реструктуризації підприємства, охарактеризовано мету, цілі проведення реструктуризації та описано основні її етапи. Авторами здійснено аналізування існуючих підходів до розробки бізнес-плану реструктуризації та запропоновано власну структуру бізнес-плану реструктуризації підприємства. Встановлено, що розробка бізнес-плану реструктуризації повинна являти собою комплексний план конкретних дій з визначенням строків, ресурсів, відповідальних осіб за їх реалізацію. Практична значущість одержаних результатів полягає в тому, що теоретичні положення статті мають прикладне значення та можуть бути використані в будь-якій економічній діяльності підприємств в сучасних умовах господарювання. Ключові слова: реструктуризація, бізнес-план реструктуризації, цільова програма реструктуризації, етапи проведення реструктуризації, методи реструктуризація, заходи реструктуризації, концепція реструктуризації, реалізація бізнес-плану.

Financial audit in the context of the enterprise restructuring

Współcześnie różnorodne przedsięwzięcia innowacyjne i restrukturyzacyjne na trwałe zostały wpisane w funkcjonowanie przedsiębiorstwa. Umożliwiają one drogą zasadniczych, gruntownych zmian – zachowanie w przedsiębiorstwie równowagi wewnętrznej i równowagi z otoczeniem, a w konsekwencji wzrost jego wartości rynkowej i konkurencyjności. Celem opracowania jest pokazanie roli audytu finansowego jako narzędzia in-formacyjno-kontrolnego wspierającego proces restrukturyzacji przedsiębiorstw. Postawiono tezę, że audyt finansowy stanowi ważny element procesu restrukturyzacyjnego wspomagający skuteczną i efektywną odbudowę przedsiębiorstwa. Stwarza szanse zdynamizowania procesów strategicznych przedsiębiorstwom o trudnej kondycji ekonomiczno-finansowej, oraz zdrowym firmom, zarówno tych stojących przed koniecznością sprostania wyzwaniom współczesnej konkurencji jak i tym, które zmiany w otoczeniu inicjują. Przedsiębiorstwa, które nie prowadzą ksiąg rachunkowych, a zatem nie sporządzają sprawozdań finansowych mają ograniczone informacje o kondycji finansowej i majątkowej. Praktyka pokazuje, że sprawozdania finansowe nadal pozo-stają głównym źródłem informacji finansowych, natomiast ich wiarygodność, przejrzystość i jakość ujawnień są kluczowe dla pozyskania zaufania uczestników rynku oraz wzbogacają wiedzę i doświadczenie kadry zarządzającej przedsiębiorstwem.

ЗАСТОСУВАННЯ СИСТЕМНОГО ПІДХОДУ ДЛЯ ПОБУДОВИ ОРГАНІЗАЦІЙНОЇ СТРУКТУРИ УПРАВЛІННЯ ПІДПРИЄМСТВОМ

Formulation of the problem. The issues of designing the organizational structure of enterprise management in the process of its restructuring are considered. The aim of the article is to consider the essence of enterprise restructuring as one of the reasons for the need for organizational change in the company and to develop practical recommendations for applying the theory of systems analysis to build a rational organizational structure of enterprise management. The methodological basis of the study were logical methods of information processing, methods of systems analysis and modeling of systems, abstract-logical method for formulating conclusions. The basic hypothesis of research is that to build an effective organizational structure of enterprise management, you can use methods of systems analysis, including process and system approach. Exposition of basic material. The essence and reasons of necessity of structural transformations in the organization are considered. It is revealed that the activity of any organization is influenced by the constantly changing internal and external environment. This requires the company's management to respond quickly and adapt to new operating conditions. Flexibility, adaptability, stability of the management system, as well as the consistency of the behavior of all its elements, ensuring a rational combination of centralization and decentralization of management depend on the organizational structure of enterprise management. A set of interdependent models of the enterprise management system is proposed, the use of which will allow to design an organizational structure capable of taking into account certain requirements. Originality and practical meaningfulness of research is confirmed by the possibility of using the proposed set of models as a practical tool for designing the organizational structure of any type of enterprise. The proposed developments can be used as an element of practical guidance for the implementation of enterprise restructuring projects. Conclusions and prospects of further researches. The proposed rules and a set of appropriate models can be used to develop information technology for designing organizational systems using simulation methods. This will allow you to generate a variety of options for organizational structures, determine the interdependencies between their elements and choose the most appropriate criteria

PRINCIPLES AND METHODS OF RESTRUCTURING THE ENTERPRISES OF THE WINE INDUSTRY

The rationale of research is conditioned by the search for an effective management tool that would ensure the stable development of the domestic wine industry enterprises, as evidenced by numerous theoretical developments and practical studies of the foreign and domestic scientists devoted to enterprise restructuring. The paper presents the principles and methods of wine industry enterprise restructuring. The purpose of the paper is to study the current problems of the methodology for restructuring of the wine industry enterprises. The subject of the study is the restructuring of wine industry enterprises. Methodological basis: research of domestic and foreign scientists in the field of research of the enterprise restructuring, regulatory legal acts of Ukraine and regulations on business activity of the enterprises. When studying and analyzing the problematic issues of the paper, the following general scientific techniques and research methods were applied: logical – to clarify the concept of “restructuring principles”; comparative assessment – in the study of modern approaches to the methodology of enterprise restructuring; statistical analysis – when determining the problematic aspects of the wine industry; formalization and synthesis – in the development of a phased-structured approach to the restructuring of the wine industry enterprises; system analysis – in the systematization of restructuring methods. Various approaches to formulating the principles of enterprise restructuring and characterization of their content are presented, as well as the systematization of methods of restructuring the activities of the wine industry enterprises. The presence of many approaches to identifying the problems of the restructuring methodology make it possible to determine the main characteristics of the process of developing a business model for the restructuring of wine industry enterprises. In order to increase the competitiveness of the wine industry enterprises under conditions of the European integration, it is proposed to restructure these enterprises by creating an integrated structure. On the basis of the developed business model, the methodical approach to an assessment of wine industry enterprise restructuring is offered.

Labor Disputes in China’s Local Government-Led Enterprise Restructuring: A Litigation Case Study,

In legal practice in contemporary China, courts usually distinguish between government-led enterprise restructuring 政府主导的企业改制 and independent enterprise restructuring 企业自主改制. Following contract logic, the courts believe that labor disputes related to government-led enterprise restructuring are not contract disputes—that is, they are not disputes between equal parties, which is required for civil litigation—and are therefore generally not accepted. Moreover, in actual legal practice, the scope of application of the principle of government-led restructuring has been expanded, with the courts adopting a very broad standard. In addition, a considerable number of cases are excluded on the grounds that the time limit imposed on arbitration has been exceeded. This in effect has replaced the older principles surrounding labor relations in enterprise restructuring led by local governments. The actual practice of the principle of government-led restructuring should be understood in the larger framework of multidimensional and complex relationships between local governments and the market. The use of local government power in conjunction with the logic of contract in effect enlarges the scope for setting aside the older principles of labor relations for the purpose of enhancing the market competitiveness of enterprises and promoting economic development. The result has been a marked degree of social injustice. The construction of labor laws should be rooted in actual conditions, and not overemphasize the formalism of contract logic and ignore the substantive logic of labor relations.

STATE AID FOR RESTRUCTURING ENTERPRISES

The article deals with the problem of enterprise restructuring and state support in this regard. The authors presented and analyzed various types of instruments and support activities for companies in crisis and just before bankruptcy. Selected examples of quantitative financial support for restructured enterprises by the Social Insurance Institution and tax offices in Poland were presented. The thesis about the lack of coordinated state support for enterprises during restructuring processes was confirmed