Company business process optimization as an imperative of its economic security
/ 2
- Details
- Category: Content №1 2021
- Last Updated on 05 March 2021
- Published on 30 November -0001
- Hits: 3050
Authors:
I.Zelisko1, orcid.org/0000-0002-0803-2598, State University of Telecommunications, Kyiv, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
O.Sosnovska, orcid.org/0000-0002-2177-0691, Borys Grinchenko Kyiv University, Kyiv, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
L.Oliinyk, orcid.org/0000-0001-8163-3763, National University of Life and Environmental Sciences of Ukraine, Kyiv, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
V.Stefkivskyy, orcid.org/0000-0002-5737-915X, National Technical University of Ukraine Igor Sikorsky Kyiv Polytechnic Institute, Kyiv, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
I.Manaienko, orcid.org/0000-0002-3246-3603, National Technical University of Ukraine Igor Sikorsky Kyiv Polytechnic Institute, Kyiv, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu. 2021, (1): 145 - 153
https://doi.org/10.33271/nvngu/2021-1/145
Abstract:
Purpose. To work out an algorithm of an entrepreneur business process optimization in order to systemize and ensure the quality of implementation of key business processes of an insurer as the condition of increasing his/her level of economic security in a turbulent business environment.
Methodology. In the study there were used general scientific and specific methods of cognition, in particular: logical colligation, analysis, dialectic synthesis and grouping, induction and deduction, process approach, factor analysis, graphical visualization, economic-mathematical modelling.
Findings. The necessity of business process optimization for an insurer was established as a strategically important subject of market relationship development. A logical-structural scheme of interconnection of the main business processes of an insurer is formed; the processes are gradually implemented by stages of insurance services progress, risks underwriting, reinsurance, effecting of an insurance agreement, forming and placing insurance funds and settlement of losses. The main structural elements of the insurers business process optimization were systemized. The methodical approach to the insurers business processes reengineering was proposed on the basis of the games theory just to form a new model of business processes and to increase its optimization process effectiveness.
Originality. An algorithm of the insurers business process optimization was worked out, which includes the process of their planning, diagnostics, implementation of changes and monitoring just to increase the quality of key business process realization as the condition for ensuring economically safe functioning of the business entity.
Practical value. The practical value is in the possibility to use them in insurance companies activities, which will ensure their sustainable functioning and development in the strategic perspective.
Keywords: insurers business processes, client-oriented activities, processability of business processes, planning, reengineering, monitoring
References.
1. Insurance companies results for 1st quarter of 2020 year (2020). Retrieved from https://www.nfp.gov.ua/files/OgliadRinkiv/SK/sk_I_%202020.pdf.
2. Sujov, A., Simanov, ., & Marcinekov, K. (2019). Reengineering of production processes and its impact on the financial situation and business performance of the company. Engineering Management in Production and Services, 11(3), 106-116. https://doi.org/10.2478/emj-2019-0025.
3. Melnyk, O.H., Mukan, O.V., & Zlotnik, M.L. (2019). Features of business processes modeling and its optimization in the context of international activities. Management and Entrepreneurship in Ukraine: Stages of Formation and Problems of Development, 1(2), 43-52. https://doi.org/10.23939/smeu2019.02.043.
4. Furman, V.M., Filonyuk, O.V., Nikolenko, M.P., & Baranovsky, O.I. (2016). Strategical management of an insurance company. Kyiv: KNEU.
5. Andriushchenko, K., Lavruk, V., Uliganets, S., Kovtun, V., & Matviienko, H. (2019). Reputation Risk Management Companies Based on Competence Approach. TEM Journal, 8(2), 516-524. http://doi.org/:10/18421/TEM82-27.
6. Kastrup, B. (2018). The Next Paradigm. Future Human Image, 9, 41-51. https://doi.org/10.29202/fhi/9/4.
7. Novikov, E. (2018). Legal Forms Activity of Technology Transfer Network on Example in Aerospace Industry. Advanced Space Law, 1, 74-83. https://doi.org/10.29202/asl/2018/1/9.
8. Mekonnen, N. (2019). Implementing business process reengineering (BPR) in government organization. International Journal of Advanced Research, 7, 109-120. https://doi.org/10.21474/IJAR01/9482.
9. Dergachova, V.V., & Koleshnia, Y.O. (2018). Enterprise economic security on the basis of crisis management. Economy. Management. Business, 3(25), 27-35.
10. Sosnovska, O.O., & Zhytar, M.O. (2019). Determinants of telecommunication enterprise financial architectonics construction. BusinessInform, 3, 192-198. https://doi.org/10.32983/2222-4459-2019-3-192-198.
11. Sosnovska, O., & Zhytar, M. (2018). Financial architecture as the base of the financial safety of the enterprise. Baltic Journal of Economic Studies, 4(4), 334-340. https://doi.org/10.30525/2256-0742/2018-4-4-334-340.
12. Raiien, A.G., Yatsenko, O., Nitsenko, V., Karasova, N., & Vojtovicova, A. (2019). Global dominants of Chinese trade policy development: Opportunities and threats for cooperation with Ukraine. Journal of International Studies, 12(1), 193-207. https://doi.org/10.14254/2071-8330.2019/12-1/13.
13. Kozachenko, G.V. (2016). Estimetological aspect in economic security. Economy problems, 1, 167-173.
14. Popkova, N. (2018). Controllability of Technosphere and Paradigm of Global Evolutionism. Philosophy and Cosmology, 21, 21-31. https://doi.org/10.29202/phil-cosm/21/3.
15. Lyashenko, O.M. (2018). Economic freedom as key provision for enterprise economic security management conceptualization. Modern approaches to enterprise management: thesis speech collection of IX All-Ukrainian scientific practical conf. (Kyiv, 12th of April), (pp. 109-112). Kyiv, Igor Sikorskyi KPI: Publishing House Polytechnica.
16. Ovcharenko, Y.I. (2015). System of economic security of the enterprise: formation and goals setting. Lysyschansk: PromEnergo.
17. Sorokivska, O.A. (2016). Small enterprise economic security management: innovative approaches. Ternopil: Terno-graph.
18. Pavlova, O. (2018). Politically-Technological Potential of Cultural Practices in Ukrainian Perspective. Ukrainian Policymaker, 2, 20-26. https://doi.org/10.29202/up/2/3.
19. Bilan, Y., Zos-Kior, M., Nitsenko, V., Sinelnikau, U., & Ilin, V. (2017). Social component in sustainable management of land resources. Journal of Security and Sustainability Issues, 7(2), 107-120. https://doi.org/10.9770/jssi.2017.7.2(9).
20. Rekova, N., Dolozina, I., Nitsenko, V., Zaitsev, Y., & Zamlynskyi, V. (2018). Budgetary revenue structure at central level of public administration in the federal countries. Administratie si Management Public, 30, 37-50. https://doi.org/10.24818/amp/2018.30-03.
Newer news items:
- Choosing a servicing company’s strategy while interacting with freight owners at the road transport market - 05/03/2021 00:36
- The impact of knowledge components on the world competitiveness - 05/03/2021 00:36
- Mobilization of innovative and resource factors for development of national outsourcing IT companies - 05/03/2021 00:36
- Protection of the subsoil of the continental shelf of Ukraine by international and national instrumentalities - 05/03/2021 00:36
- Formation of motivational mechanism in strategic management of a diversified enterprise - 05/03/2021 00:36
- Strategic enterprise management based on the modeling of its economic security - 05/03/2021 00:36
- Institutional and socio-economic factors of the educational trend in Ukraine in the context of European integration - 05/03/2021 00:36
- Identification of globalization threats to the economic sovereignty of countries with transition economies - 05/03/2021 00:36
Older news items:
- Investigation of the possibility of reducing errors in determining the coordinates of objects indoors by multi-frequency method - 05/03/2021 00:36
- Financing of environmental programs for industrial waste management in times of crisis - 05/03/2021 00:36
- Providing the environmental safety by increasing the efficiency of firefighting in unsheltered timber warehouses - 05/03/2021 00:36
- Improvement of the membrane-free electrolysis process of hydrogen and oxygen production - 05/03/2021 00:36
- Mathematical model for forecasting the process of electric power generation by photoelectric stations - 05/03/2021 00:36
- Method for optimization of switching frequency in frequency converters - 05/03/2021 00:36
- Experimental study on an overhead crane passing a rail track joint - 05/03/2021 00:36
- Shallow tunnel face stability analysis using finite elements - 05/03/2021 00:36
- Dynamic loads in self-aligning gear transmissions of heavy loaded machines - 05/03/2021 00:36
- A deformation mode in a cold rolling condition to provide the necessary texture of the Ti-3Al-2.5V alloy - 05/03/2021 00:36
Archive