Methodological approach to economic analysis and control of enterprises under conditions of economic systems transformation

User Rating:  / 0
PoorBest 

Authors:


A.Viknianska, orcid.org/0000-0001-7595-2856, Yuriy Fedkovych Chernivtsi National University, Chernivtsi, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

D.Kharynovych-Yavorska, orcid.org/0000-0002-8988-5313, Kyiv Cooperative Institute of Business and Law, Kyiv, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

M.Sahaidak, orcid.org/0000-0001-6526-1170, Kyiv National Economic University named after V.Hetman, Kyiv, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

A.Zhavoronok, orcid.org/0000-0001-9274-8240, Yuriy Fedkovych Chernivtsi National University, Chernivtsi, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

V.Filippov, orcid.org/0000-0003-4429-7582, Educational and Research Institute of Business, Economics and Information Technology, Odesa National Polytechnic University, Odesa, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.


повний текст / full article



Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu. 2021, (4): 150 - 157

https://doi.org/10.33271/nvngu/2021-4/150



Abstract:



Purpose.
To substantiate the methodological approach to the development of research components of the integrated system of complex economic analysis and internal control of the enterprise.


Methodology.
The main methods of this research are statistical methods, the latter being used for processing of statistic data; methods of formalization and mathematical simulation used for development of conceptual analysis base to control the enterprises activity.


Findings.
A complex model of diagnostics of enterprises activity in a competitive environment is proposed, which is based on the methodology of complex economic analysis with the use of financial and non-financial indicators. To assess the competitive advantages of the enterprise, we offer an algorithm to calculate an integrated indicator of the level of its competitiveness using a balanced scoring system.


Originality.
In the course of research, the scientific and methodological approach to a complex evaluation of influence of a research component on development of competitive strategy of the enterprise was developed. Unlike the existing ones, this approach involves:

- development of an integrated system of complex economic analysis and internal control over business processes of enterprises with the use of modern information technologies, which allows assessing their competitiveness, forming a development strategy;

- methodical procedures of internal control of the enterprise with the use of financial and operational budgets and management reports based on a balanced scoring system, using CVP-analysis, which allows forming flexible budgets.


Practical value.
The results of the study can be used by practitioners, scientists, government officials to monitor the development of the corporate architecture, to study enterprise development processes.



Keywords:
competitive environment, complex economic analysis, internal control, balanced scoring system

References.


1. Antoniuk, L., Gernego, I., Dyba, V., Polishchuk, Ye., & Sybirianska, Yu. (2017). Barriers and opportunities for hi-tech innovative small and medium enterprises development in the 4th industrial revolution era. Problems and Perspectives in Management, 15(4), 100-113. https://doi.org/10.21511/ppm.15(4).2017.09.

2. Grigora-Ichim, C.E., Cosmulese, C.G., Savchuk, D., & Zhavoronok, A. (2018). Shaping the perception and vision of economic operators from the Romania Ukraine Moldova border area on interim financial reporting. Economic Annals-XXI, 173(9-10), 60-67. https://doi.org/10.21003/ea.V173-10.

3. Shkarlet, S., Dubyna, M., Shtyrkhun, K., & Verbivska, L. (2020). Transformation of the Paradigm of the Economic Entities Development in Digital Economy. WSEAS Transactions on Environment and Development, (16), 413-422. https://doi.org/10.37394/232015.2020.16.41.

4. Dubyna, M., Zhavoronok, A., Kudlaieva, N., & Lopashchuk, I. (2021). Transformation of Household Credit Behavior in the Conditions of Digitalization of the Financial Services Market. Journal of Optimization in Industrial Engineering, 14(1), 97-102. Retrieved from http://www.qjie.ir/article_677835_24626a93c37b1800694e93681e8f6a79.pdf.

5. Socoliuc, M., Cosmulese, C.-G., Ciubotariu, M.-S., Mihaila, S., Arion, I.-D., & Grosu, V. (2020). Sustainability Reporting as a Mixture of CSR and Sustainable Development. A Model for Micro-Enterprises within the Romanian Forestry Sector. Sustainability, 12, 603. https://doi.org/10.3390/su12020603.

6. Bieliaieva, N.A. (2017). Financial and economic activities effectiveness evaluation as a condition of corporate management decisions making. Baltic Journal of Economic Studies, 3(4), 12-17. https://doi.org/10.30525/2256-0742/2017-3-4-12-17.

7. Bilan, Y., Nitsenko, V., Ushkarenko, I., Chmut, A., & Sharapa, O. (2017). Outsourcing in international economic relations. Montenegrin Journal of Economics, 13(3), 175-185. https://doi.org/10.14254/1800-5845/2017.13-3.14.

8. Mykhailenko, D.H. (2018). Economic efficiency: definition, analysis of concepts. Problems of the economy, 2(36). Retrieved from http://oaji.net/articles/2017/728-1536643428.pdf.

9. Tamuleviien, D. (2016). Methodology of complex analysis of companies profitability. Entrepreneurship and sustainability issues, 4(1), 53-63. https://doi.org/10.9770/jesi.2016.4.1(5).

10. Sahaidak, M., Tepliuk, M., Zhurylo, V., Rudenko, N., & Samko,O. (2021). Integrative Viewpoint for Implementing Sustainable Management Agricultural Business Excellence. TEM Journal, 10(1), 303-309.

11. Grigashkina, S., Garafonova, O., & Marhasova, V. (2018). Stabilization Factor for Enterprises during the Crisis Period. E3S Web of Conferences, 41, 04006. https://doi.org/10.1051/e3sconf/20184104006.

12. Zavalko, N.A., Kozhina, V.O., Kovaleva, O.P., Kolupaev, R.V., & Lebedeva, O.Ye. (2018). System Approach to Diagnostics and Early Prevention of a Financial Crisis at an Enterprise. Journal of Applied Economic Sciences, 13(1), 84-88.

13. Zybareva, O., Verbivska, L., Lopashchuk, I., Kalaman, O., Derkach, T., & Smentyna, T. (2019). Strategically-Oriented Enterprise Management through Information Systems. International Journal of Recent Technology and Engineering (IJRTE), 8(2), 3014-3017.

14. Ivashchenko, A., & Polishchuk, Y. (2018). Machine learning in estimating of SMEs investment potential in Ukraine. CEUR Workshop Proceedings, 2105, 77-93.

15. Shkarlet, S., Kholiavko, N., & Dubyna, M. (2015). Territorial reform in the system of strategic management of energy-economic and information spheres of the state. Economic Annals-XXI, (5-6), 103-107. Retrieved from http://soskin.info/userfiles/file/2015/5-6%202015/Shkarlet_Kholiavko_Dubyna.pdf.

16. Urkayev, M.H., Karimov, F.J., Gurbanova, Kh.V., Karimova,M.N., & Karimova, I.J. (2019). Methods of management accounting and economic analysis. European journal of economics and management sciences, (2), 13-24.

17. Gritsenko, O.I. (2015). Economic cost analysis of service quality as a factor of sustainable development of enterprises. Economic Processes Management: International Scientific E-Journal, 1. Retrieved from http://oaji.net/articles/2015/935-1426154726.pdf

18. Korepanov, G., Yatskevych, I., Popova, O., Shevtsiv, L., Marych,M., & Purtskhvanidze, O. (2020). Managing the financial stability potential of crisis enterprises. International Journal of Advanced Research in Engineering and Technology, 11(4), 359-371.

19. Latysheva, O., Rovenska, V., Smyrnova, I., Nitsenko, V., Balezentis, T., & Streimikiene, D. (2020). Management of the sustainable development of machine-building enterprises: a sustainable development space approach. Journal of Enterprise Information Management, 34(1), 328-342. https://doi.org/10.1108/JEIM-12-2019-0419.

 

Visitors

3614450
Today
This Month
All days
673
36521
3614450

Guest Book

If you have questions, comments or suggestions, you can write them in our "Guest Book"

Registration data

ISSN (print) 2071-2227,
ISSN (online) 2223-2362.
Journal was registered by Ministry of Justice of Ukraine.
Registration number КВ No.17742-6592PR dated April 27, 2011.

Contacts

D.Yavornytskyi ave.,19, pavilion 3, room 24-а, Dnipro, 49005
Tel.: +38 (056) 746 32 79.
e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
You are here: Home Cooperation Invitation to cooperation EngCat Archive 2021 Content №4 2021 Methodological approach to economic analysis and control of enterprises under conditions of economic systems transformation