Pub Date : 2019-05-13DOI: 10.30857/2413-0117.2018.6.13
V. Shcherbak, Tetiana Yu. Dudorova
The paper offers insights into the specifics of customs regulation in the area of logistic supply networks in Ukraine. The Ukrainian customs regulation framework should provide favourable environment for the adaptation of the national economy to a more intense international competition driven by joining the system of global regulation and free movement of resources and gradual integration of its economy into global and European economic processes. The purpose of this study is to suggest pathways to enhance customs regulations in logistics supply networks in Ukraine. It is argued that the implementation of the logistic approach to the customs regulation of foreign economic activity envisaged by the Customs Code of Ukraine is possible only within relevant legislative and regulatory framework. Customs authorities must cooperate (in a number of ways) with their business partners to identify the common benefits that can be gained through joint participation in a safe supply chain of goods. Customs authorities must also record the entire set of benefits they intend to provide (within their mandate) to their business partners in a safe supply chain of goods. The application of logistics guidelines in company foreign economic activities contributes to providing material, financial and information support for the supply of goods along with cost optimization and efficiency increase for foreign trade operations. The above objectives are directly related to forecasting, risk assessment in the area of foreign economic activity, supplies and stocks optimization, information and financial support issues, customs clearance and control procedures, etc. Apparently, the implementation of customs regulations in the global logistics supply networks is affected by the degree of countries integration. There are three options for customs regulation within the global supply networks: in the absence of economic integration; in a free trade zone settings; within a common customs space. It is emphasized that the creation of a free trade zone and a common customs union simplify customs procedures dramatically. The growing trade volume, the increasing international terrorism and international organized crime hazards challenge effective national and international interaction between public authorities and businesses. This can be achieved through establishing free trade zones and customs unions which will ultimately contribute to reducing logistics risks by joint efforts of nations.
{"title":"IMPROVING THE PROCESSES FOR PROVIDING CUSTOMS AND LOGISTICS SERVICES IN UKRAINE","authors":"V. Shcherbak, Tetiana Yu. Dudorova","doi":"10.30857/2413-0117.2018.6.13","DOIUrl":"https://doi.org/10.30857/2413-0117.2018.6.13","url":null,"abstract":"The paper offers insights into the specifics of customs regulation in the area of logistic supply networks in Ukraine. The Ukrainian customs regulation framework should provide favourable environment for the adaptation of the national economy to a more intense international competition driven by joining the system of global regulation and free movement of resources and gradual integration of its economy into global and European economic processes. The purpose of this study is to suggest pathways to enhance customs regulations in logistics supply networks in Ukraine. It is argued that the implementation of the logistic approach to the customs regulation of foreign economic activity envisaged by the Customs Code of Ukraine is possible only within relevant legislative and regulatory framework. Customs authorities must cooperate (in a number of ways) with their business partners to identify the common benefits that can be gained through joint participation in a safe supply chain of goods. Customs authorities must also record the entire set of benefits they intend to provide (within their mandate) to their business partners in a safe supply chain of goods. The application of logistics guidelines in company foreign economic activities contributes to providing material, financial and information support for the supply of goods along with cost optimization and efficiency increase for foreign trade operations. The above objectives are directly related to forecasting, risk assessment in the area of foreign economic activity, supplies and stocks optimization, information and financial support issues, customs clearance and control procedures, etc. Apparently, the implementation of customs regulations in the global logistics supply networks is affected by the degree of countries integration. There are three options for customs regulation within the global supply networks: in the absence of economic integration; in a free trade zone settings; within a common customs space. It is emphasized that the creation of a free trade zone and a common customs union simplify customs procedures dramatically. The growing trade volume, the increasing international terrorism and international organized crime hazards challenge effective national and international interaction between public authorities and businesses. This can be achieved through establishing free trade zones and customs unions which will ultimately contribute to reducing logistics risks by joint efforts of nations.","PeriodicalId":217561,"journal":{"name":"Bulletin of the Kyiv National University of Technologies and Design. Series: Economic sciences","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-05-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125404258","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-05-13DOI: 10.30857/2413-0117.2018.6.1
Олександр Борисович Злотенко
The paper seeks to explore the concepts of investment and investment activity from the position of ensuring the enterprise economic security along with revealing the nature of external and internal environment factors affecting investment implementation, which makes impossible to calculate the forecast accuracy of performance outcomes, the resources of which are the assets considered within the investment concept. It is argued that since it seems impossible to predict the outcomes from investments with exact accuracy, there is always a certain degree of risk which you should consider while making investment decisions. However, in the framework of the investment concept it is suggested to divide risk into two components: the risk of losing your initial assets which are viewed as the resources for certain activities, and the risk which is directly related to the activities associated with the above assets utilization as a resource. The interpretation of the investment concept is suggested given the riskiness of the investment process, i. e. the understanding that the benefits from investments occur only when there is a risk. In this context, investments are considered as allocation of tangible and intangible assets into objects of economic, social, environmental and other activities subject to their riskiness, and thereby gaining respective benefits. The paper also provides insights on the range of investment sources as well as particular risks associated with their use. It is emphasized that from the perspective of ensuring economic security, the priority should be given to company internal financing, however, in many cases, self-financing capacity is insufficient to cover the company needs, thus reducing its economic security. It is reasoned that under the lack of internal funding it is recommended to use external sources of investment, however subject to ensuring the proper level of economic security. The findings reveal that investments have become an integral part of effective company performance and the key factor to enhance its economic security.
{"title":"МІСЦЕ І РОЛЬ ІНВЕСТИЦІЙ У СИСТЕМІ ЕКОНОМІЧНОЇ БЕЗПЕКИ ПРОМИСЛОВОГО ПІДПРИЄМСТВА","authors":"Олександр Борисович Злотенко","doi":"10.30857/2413-0117.2018.6.1","DOIUrl":"https://doi.org/10.30857/2413-0117.2018.6.1","url":null,"abstract":"The paper seeks to explore the concepts of investment and investment activity from the position of ensuring the enterprise economic security along with revealing the nature of external and internal environment factors affecting investment implementation, which makes impossible to calculate the forecast accuracy of performance outcomes, the resources of which are the assets considered within the investment concept. It is argued that since it seems impossible to predict the outcomes from investments with exact accuracy, there is always a certain degree of risk which you should consider while making investment decisions. However, in the framework of the investment concept it is suggested to divide risk into two components: the risk of losing your initial assets which are viewed as the resources for certain activities, and the risk which is directly related to the activities associated with the above assets utilization as a resource. The interpretation of the investment concept is suggested given the riskiness of the investment process, i. e. the understanding that the benefits from investments occur only when there is a risk. In this context, investments are considered as allocation of tangible and intangible assets into objects of economic, social, environmental and other activities subject to their riskiness, and thereby gaining respective benefits. The paper also provides insights on the range of investment sources as well as particular risks associated with their use. It is emphasized that from the perspective of ensuring economic security, the priority should be given to company internal financing, however, in many cases, self-financing capacity is insufficient to cover the company needs, thus reducing its economic security. It is reasoned that under the lack of internal funding it is recommended to use external sources of investment, however subject to ensuring the proper level of economic security. The findings reveal that investments have become an integral part of effective company performance and the key factor to enhance its economic security.","PeriodicalId":217561,"journal":{"name":"Bulletin of the Kyiv National University of Technologies and Design. Series: Economic sciences","volume":"143 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-05-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122914780","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-05-13DOI: 10.30857/2413-0117.2018.6.4
Любов Вікторівна Мурована
The paper presents an overview of the general framework for public procurement system functioning in Ukraine. Insights are provided on the key trends in the sector of public purchase of goods, works and services by customers in 2018. Specific features of each of the procurement procedures based on quantitative and qualitative indicators across Ukraine’s regions have been identified. A thorough analysis of the structure of the Ukrainian public procurement market laid the basis for public procurement classification subject to market trends and in compliance with applicable laws and regulations. Thus, all public purchase of goods, works and services conducted in Ukraine depending on the supplier selection method can be divided into two large groups: competitive and non-competitive procedures. Within competitive procurement procedures at the stage of a supplier selection, holding an electronic auction is mandatory, whereas under the non-competitive procurement process, customers select the supplier at their own discretion with regard to the current realia of economic, social and legal public procurement market environment. The top five regions-customers who use competitive procurement procedures are represented by Kyiv region (about 39,81% of the cost of total open bidding), Dnipropetrovsk (of 7.91%), Lviv (6,0%), Kharkiv (5,69%) and Donetsk regions (5,25%). Among the leaders of the regions-customers following non-competitive procurement procedures, the top five include Kyiv, Kharkiv, Odesa, Dnipropetrovsk and Donetsk regions. At large, public procurement refers to transactions on purchase and sale of tangible and intangible goods at the expense of budget expenditure, social security funds, funds from the Central Bank of Ukraine, financing by the state-owned and communal ownership enterprises with government share of more than 50% of the equity capital. To attain the goal and objectives set in this study, general research methods such as the read-across approach, methods of system analysis and synthesis were employed.
{"title":"ОСНОВНІ ТЕНДЕНЦІЇ УКРАЇНСЬКОГО РИНКУ ПУБЛІЧНИХ ЗАКУПІВЕЛЬ У 2018 РОЦІ","authors":"Любов Вікторівна Мурована","doi":"10.30857/2413-0117.2018.6.4","DOIUrl":"https://doi.org/10.30857/2413-0117.2018.6.4","url":null,"abstract":"The paper presents an overview of the general framework for public procurement system functioning in Ukraine. Insights are provided on the key trends in the sector of public purchase of goods, works and services by customers in 2018. Specific features of each of the procurement procedures based on quantitative and qualitative indicators across Ukraine’s regions have been identified. A thorough analysis of the structure of the Ukrainian public procurement market laid the basis for public procurement classification subject to market trends and in compliance with applicable laws and regulations. Thus, all public purchase of goods, works and services conducted in Ukraine depending on the supplier selection method can be divided into two large groups: competitive and non-competitive procedures. Within competitive procurement procedures at the stage of a supplier selection, holding an electronic auction is mandatory, whereas under the non-competitive procurement process, customers select the supplier at their own discretion with regard to the current realia of economic, social and legal public procurement market environment. The top five regions-customers who use competitive procurement procedures are represented by Kyiv region (about 39,81% of the cost of total open bidding), Dnipropetrovsk (of 7.91%), Lviv (6,0%), Kharkiv (5,69%) and Donetsk regions (5,25%). Among the leaders of the regions-customers following non-competitive procurement procedures, the top five include Kyiv, Kharkiv, Odesa, Dnipropetrovsk and Donetsk regions. At large, public procurement refers to transactions on purchase and sale of tangible and intangible goods at the expense of budget expenditure, social security funds, funds from the Central Bank of Ukraine, financing by the state-owned and communal ownership enterprises with government share of more than 50% of the equity capital. To attain the goal and objectives set in this study, general research methods such as the read-across approach, methods of system analysis and synthesis were employed.","PeriodicalId":217561,"journal":{"name":"Bulletin of the Kyiv National University of Technologies and Design. Series: Economic sciences","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-05-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114323058","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-05-13DOI: 10.30857/2413-0117.2018.6.10
Олена В. Птащенко, І.О. Шевченко, В.В. Кошарна, Яна Миколаївна Кущ
The paper seeks to explore the selected aspects in evaluating the effectiveness and the efficiency of budgetary programs design and implementation. It has been concluded that as of today, Ukraine lacks sound methodology for assessing the effectiveness and the efficiency of budgetary programs design and implementation as well as the approaches to such an assessment, which eventually entails a threat to the program and target method evolution and development. Budgetary programs are designed to solve top-priority current and strategic objectives at the level of territorial entities, contribute to attaining the quality settings and criteria for ensuring budgetary services envisaged within particular budgetary programs. The study findings revealed positive outcomes from the use of indicators for assessing social and economic efficiency. Creating a framework for evaluating economic and social budgetary programs performance facilitates better optimization of financial resources utilization, enhances the programs quality and professional expertise of their participants and reduces the inefficient distribution of budgetary funds, both at the national and local levels. The international best practices in the area of budgetary programs effectiveness assessment techniques are also presented, in particular an overview on the methods for evaluating the budgetary programs effectiveness in the USA, Canada and the EU countries is provided. The study found that insufficient attention is given to indicative indices for evaluating the effectiveness of budgetary programs. From this perspective, the paper has identified the relevant indicative indices to assess the budgetary programs effectiveness which should be incorporated into the framework for building a well-reasoned system for evaluating the effectiveness of budgetary programs development and implementation within administrative territorial domains. It is argued tha these indicators will enhance the capacity to balance the total expenditure and thus gain positive social and economic effects from the implementation of a particular budgetary program at the local level.
{"title":"БЮДЖЕТНА ПРОГРАМА ЯК ОСНОВА ПРОГРАМНО-ЦІЛЬОВОГО ПЛАНУВАННЯ В СУЧАСНИХ УМОВАХ ГЛОБАЛІЗАЦІЇ","authors":"Олена В. Птащенко, І.О. Шевченко, В.В. Кошарна, Яна Миколаївна Кущ","doi":"10.30857/2413-0117.2018.6.10","DOIUrl":"https://doi.org/10.30857/2413-0117.2018.6.10","url":null,"abstract":"The paper seeks to explore the selected aspects in evaluating the effectiveness and the efficiency of budgetary programs design and implementation. It has been concluded that as of today, Ukraine lacks sound methodology for assessing the effectiveness and the efficiency of budgetary programs design and implementation as well as the approaches to such an assessment, which eventually entails a threat to the program and target method evolution and development. Budgetary programs are designed to solve top-priority current and strategic objectives at the level of territorial entities, contribute to attaining the quality settings and criteria for ensuring budgetary services envisaged within particular budgetary programs. The study findings revealed positive outcomes from the use of indicators for assessing social and economic efficiency. Creating a framework for evaluating economic and social budgetary programs performance facilitates better optimization of financial resources utilization, enhances the programs quality and professional expertise of their participants and reduces the inefficient distribution of budgetary funds, both at the national and local levels. The international best practices in the area of budgetary programs effectiveness assessment techniques are also presented, in particular an overview on the methods for evaluating the budgetary programs effectiveness in the USA, Canada and the EU countries is provided. The study found that insufficient attention is given to indicative indices for evaluating the effectiveness of budgetary programs. From this perspective, the paper has identified the relevant indicative indices to assess the budgetary programs effectiveness which should be incorporated into the framework for building a well-reasoned system for evaluating the effectiveness of budgetary programs development and implementation within administrative territorial domains. It is argued tha these indicators will enhance the capacity to balance the total expenditure and thus gain positive social and economic effects from the implementation of a particular budgetary program at the local level.","PeriodicalId":217561,"journal":{"name":"Bulletin of the Kyiv National University of Technologies and Design. Series: Economic sciences","volume":"37 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-05-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132112933","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-05-13DOI: 10.30857/2413-0117.2018.6.7
Валерія Геннадіївна Щербак
The paper provides insights into the scale, intensity, the major trends and forms of internal and labour migration which has become an integral and critical attribute of social realia of modern Ukrainian society. The key factors affecting the settings and nature of forced internal and labor migration in Ukraine in 2014–2017 have been identified along with its essential vectors in the context of increased competition in the labor market, military actions in the Donbas region and the economic crisis. The study reveals the effects from forced internal labor migration on the national employment policy and explores the changes in the demand for qualified professionals. It is specified that forced internal and labor migration in Ukraine over 2014–2017 is the most large-scale internal migration since the Chernobyl nuclear power station accident in 1986. According to the Ministry of social policy of Ukraine, there were about 1.5 million of internally displaced persons (IDPs) registered in March 2018. Despite the ongoing war, occupation and life hazard, the number of registered internally displaced persons has decreased in the past two years. However, the government and public organizations mark permanent and increasingly intensified bilateral migration. The key factors affecting the forced migration process are the following: the complexity of gender and age ratio: there is a significant prevalence of women – 62% of IDPs, about 24% of IDPs are able-bodied adults (among them 70% are women), 59% of IDPs are pensioners, 13% children and 4% of people with disabilities. Another specific factor is unemployment – by the beginning of 2018 up to 60% of migrants were unemployed against 30% in 2015. According to the International organization for migration data, as of March 2018, the unemployment rate of IDPs amounted to 48%, with 70% of able-bodied IDPs have higher education. It is demonstrated that about 3% of Ukrainians refer to internally displaced persons which makes the largest group of IDPs in Europe. However, in the last two years the number of registered IDPs and people who apply for social assistance is reduced. A range of unresolved issues in the area of legal social protection of forced migration and the need for a theoretical understanding of the legal social processes in the modern realia of social protection of refugees and internally displaced persons have been discussed, emphasis is put on a dramatic increase in the number of legislative and other normative legal acts, the prolonged absence of the vital laws regulating social and legal protection of refugees and internally displaced persons.
{"title":"НОВІ ВИКЛИКИ ВИМУШЕНОЇ ВНУТРІШНЬОЇ ТА ТРУДОВОЇ МІГРАЦІЇ В УКРАЇНІ","authors":"Валерія Геннадіївна Щербак","doi":"10.30857/2413-0117.2018.6.7","DOIUrl":"https://doi.org/10.30857/2413-0117.2018.6.7","url":null,"abstract":"The paper provides insights into the scale, intensity, the major trends and forms of internal and labour migration which has become an integral and critical attribute of social realia of modern Ukrainian society. The key factors affecting the settings and nature of forced internal and labor migration in Ukraine in 2014–2017 have been identified along with its essential vectors in the context of increased competition in the labor market, military actions in the Donbas region and the economic crisis. The study reveals the effects from forced internal labor migration on the national employment policy and explores the changes in the demand for qualified professionals. It is specified that forced internal and labor migration in Ukraine over 2014–2017 is the most large-scale internal migration since the Chernobyl nuclear power station accident in 1986. According to the Ministry of social policy of Ukraine, there were about 1.5 million of internally displaced persons (IDPs) registered in March 2018. Despite the ongoing war, occupation and life hazard, the number of registered internally displaced persons has decreased in the past two years. However, the government and public organizations mark permanent and increasingly intensified bilateral migration. The key factors affecting the forced migration process are the following: the complexity of gender and age ratio: there is a significant prevalence of women – 62% of IDPs, about 24% of IDPs are able-bodied adults (among them 70% are women), 59% of IDPs are pensioners, 13% children and 4% of people with disabilities. Another specific factor is unemployment – by the beginning of 2018 up to 60% of migrants were unemployed against 30% in 2015. According to the International organization for migration data, as of March 2018, the unemployment rate of IDPs amounted to 48%, with 70% of able-bodied IDPs have higher education. It is demonstrated that about 3% of Ukrainians refer to internally displaced persons which makes the largest group of IDPs in Europe. However, in the last two years the number of registered IDPs and people who apply for social assistance is reduced. A range of unresolved issues in the area of legal social protection of forced migration and the need for a theoretical understanding of the legal social processes in the modern realia of social protection of refugees and internally displaced persons have been discussed, emphasis is put on a dramatic increase in the number of legislative and other normative legal acts, the prolonged absence of the vital laws regulating social and legal protection of refugees and internally displaced persons.","PeriodicalId":217561,"journal":{"name":"Bulletin of the Kyiv National University of Technologies and Design. Series: Economic sciences","volume":"44 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-05-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124959808","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-05-13DOI: 10.30857/2413-0117.2018.6.3
Юрій Юрійович Копча
The paper seeks to review and substantiate specific indicators for company economic sustainability, in particular, process migration by essential indicators, adaptability of sustainability indicators mix and their drivers that affect the estimation of the degree of company economic sustainability. In the framework of functional and systemic approaches, insights on ensuring economic and financial sustainability are provided from both theoretical and practical perspectives to be used further in managerial decision making. To measure economic sustainability as the key assumptions for building the company’s economic security capacity, relevant internal and external processes have been identified which cover manufacturing, financial and labour processes, organizational behavior, competitiveness and performance efficiency that involve identification of the key elements; the selection of long-term investment and financial strategies as well as defining working capital policies and strategies for cash flow allocation; creating respective financial forecasts; building a budget strategy integrating the company's strategic goals with its functional areas (information statistics and accounting, manufacturing, marketing, personnel management, but first and foremost, with finance which is an integrative link between other areas), the implementation of a financial control system which incorporates a budget forecast into the framework of balanced scorecard indicators, thus helping to verify whether certain policies and decisions made in different structural units of the company contribute to achieving the targeted financial goals. An overall systemic competitiveness concept has been suggested which relies on consistent integration with the external environment, thus challenging not only the internal economic transformations but also triggers the transformation of economic sustainability. For a great majority of companies that seek to enhance their economic security potential, the primary objectives and priorities are to overcome internal fragmentation and to improve links between suppliers and customers, and above all increase the ability to promptly and effectively respond to demands for boosting the level of economic security potential. Based on the above, the paper offers a well-reasoned conceptual approach to identification of company economic sustainability in the framework of its economic security potential.
{"title":"ОСОБЛИВОСТІ ІДЕНТИФІКАЦІЇ ЕКОНОМІЧНОЇ СТІЙКОСТІ ПІДПРИЄМСТВА ЯК ОСНОВИ ПОТЕНЦІАЛУ ЙОГО ЕКОНОМІЧНОЇ БЕЗПЕКИ","authors":"Юрій Юрійович Копча","doi":"10.30857/2413-0117.2018.6.3","DOIUrl":"https://doi.org/10.30857/2413-0117.2018.6.3","url":null,"abstract":"The paper seeks to review and substantiate specific indicators for company economic sustainability, in particular, process migration by essential indicators, adaptability of sustainability indicators mix and their drivers that affect the estimation of the degree of company economic sustainability. In the framework of functional and systemic approaches, insights on ensuring economic and financial sustainability are provided from both theoretical and practical perspectives to be used further in managerial decision making. To measure economic sustainability as the key assumptions for building the company’s economic security capacity, relevant internal and external processes have been identified which cover manufacturing, financial and labour processes, organizational behavior, competitiveness and performance efficiency that involve identification of the key elements; the selection of long-term investment and financial strategies as well as defining working capital policies and strategies for cash flow allocation; creating respective financial forecasts; building a budget strategy integrating the company's strategic goals with its functional areas (information statistics and accounting, manufacturing, marketing, personnel management, but first and foremost, with finance which is an integrative link between other areas), the implementation of a financial control system which incorporates a budget forecast into the framework of balanced scorecard indicators, thus helping to verify whether certain policies and decisions made in different structural units of the company contribute to achieving the targeted financial goals. An overall systemic competitiveness concept has been suggested which relies on consistent integration with the external environment, thus challenging not only the internal economic transformations but also triggers the transformation of economic sustainability. For a great majority of companies that seek to enhance their economic security potential, the primary objectives and priorities are to overcome internal fragmentation and to improve links between suppliers and customers, and above all increase the ability to promptly and effectively respond to demands for boosting the level of economic security potential. Based on the above, the paper offers a well-reasoned conceptual approach to identification of company economic sustainability in the framework of its economic security potential.","PeriodicalId":217561,"journal":{"name":"Bulletin of the Kyiv National University of Technologies and Design. Series: Economic sciences","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-05-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122893238","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-05-13DOI: 10.30857/2413-0117.2018.6.8
Сергій Олегович Ареф’єв
The paper explores and provides an argument to a conceptual perspective to building an adaptive management framework at the enterprise through insights into a range of different approaches to understanding of an adaptive management category and constructing a structural and logical pattern. The adaptation issues as such are critical for enterprises operating in a rapidly changing external environment, since the regularity of adjustment problems encourages the search for new effective solutions in terms of relevant responding to changes. The company adaptive management contributes to balancing supply opportunities against the changes in demand. Thus, it is crucial to implement changes through forecasting the external environment settings within the selected industry segments to design scenarios and possible demand for limited resources in the markets. For these reasons, while constructing the structural and logical framework for developing adaptive enterprise management, the factors affecting the external environment have been thoroughly investigated. The key specific feature of the conceptual approach in building effective adaptive management is its closed loop system underpinned by the major management principles. It is argued that since the free choice of input data related to the object under study (the enterprise) cannot be carried out, it seems hardly possible to construct an accurate model. The use of basic management principles to perform calculations for an adaptive management model against the reference model involves large-scale calculations triggering certain problems in real time. On the other hand, the benefits of the direct method are the possibility to adjust the parameters directly and reduce the number of calculations, thus eliminating the need to build an accurate model for the object under study (the enterprise). Since the configuration of adaptive management with augmented error tends to be more complicated, the paper suggests a relevant structural and logical framework to build effective adaptive management system in the enterprise.
{"title":"КОНЦЕПТУАЛЬНИЙ ПІДХІД ДО ФОРМУВАННЯ АДАПТИВНОГО УПРАВЛІННЯ НА ПІДПРИЄМСТВІ","authors":"Сергій Олегович Ареф’єв","doi":"10.30857/2413-0117.2018.6.8","DOIUrl":"https://doi.org/10.30857/2413-0117.2018.6.8","url":null,"abstract":"The paper explores and provides an argument to a conceptual perspective to building an adaptive management framework at the enterprise through insights into a range of different approaches to understanding of an adaptive management category and constructing a structural and logical pattern. The adaptation issues as such are critical for enterprises operating in a rapidly changing external environment, since the regularity of adjustment problems encourages the search for new effective solutions in terms of relevant responding to changes. The company adaptive management contributes to balancing supply opportunities against the changes in demand. Thus, it is crucial to implement changes through forecasting the external environment settings within the selected industry segments to design scenarios and possible demand for limited resources in the markets. For these reasons, while constructing the structural and logical framework for developing adaptive enterprise management, the factors affecting the external environment have been thoroughly investigated. The key specific feature of the conceptual approach in building effective adaptive management is its closed loop system underpinned by the major management principles. It is argued that since the free choice of input data related to the object under study (the enterprise) cannot be carried out, it seems hardly possible to construct an accurate model. The use of basic management principles to perform calculations for an adaptive management model against the reference model involves large-scale calculations triggering certain problems in real time. On the other hand, the benefits of the direct method are the possibility to adjust the parameters directly and reduce the number of calculations, thus eliminating the need to build an accurate model for the object under study (the enterprise). Since the configuration of adaptive management with augmented error tends to be more complicated, the paper suggests a relevant structural and logical framework to build effective adaptive management system in the enterprise.","PeriodicalId":217561,"journal":{"name":"Bulletin of the Kyiv National University of Technologies and Design. Series: Economic sciences","volume":"49 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-05-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114476615","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-05-13DOI: 10.30857/2413-0117.2018.6.9
Наталія Валеріївна Кулак
The paper provides insights into the current state and major business trends in the service industries sector, along with interpreting the concepts of "a service" and "service industry". The definition of "innovative development of enterprises in the service sector" has been amended, viewed as a systemic process of innovation implementation by applying new methods and updated realms of the enterprise potential realization through the novel technological advancements and tools to enhance the enterprise competitiveness in a rapidly changing external environment. An emphasis is made that modern Ukrainian service industries market demonstrates positive development trends. It is argued that the characteristic features of the domestic service sector are further growth of high-tech services, the availability of unused capacity, investment attractiveness of domestic businesses to foreign capital, the focus towards innovative forms of work arrangements within service industries. The findings revealed the factors that contribute to the processes of evolution of the services sector which are the integrated use of knowledge and methods to implement the innovations to meet the customers’ needs; the introduction of innovative development strategies consistent with terms and conditions for each particular enterprise; the use of investment resources; the availability of government support; the creation of a competitive environment; attracting highly qualified professionals.
{"title":"ФАКТОРИ ІННОВАЦІЙНОГО РОЗВИТКУ ПІДПРИЄМСТВ СФЕРИ ПОСЛУГ","authors":"Наталія Валеріївна Кулак","doi":"10.30857/2413-0117.2018.6.9","DOIUrl":"https://doi.org/10.30857/2413-0117.2018.6.9","url":null,"abstract":"The paper provides insights into the current state and major business trends in the service industries sector, along with interpreting the concepts of \"a service\" and \"service industry\". The definition of \"innovative development of enterprises in the service sector\" has been amended, viewed as a systemic process of innovation implementation by applying new methods and updated realms of the enterprise potential realization through the novel technological advancements and tools to enhance the enterprise competitiveness in a rapidly changing external environment. An emphasis is made that modern Ukrainian service industries market demonstrates positive development trends. It is argued that the characteristic features of the domestic service sector are further growth of high-tech services, the availability of unused capacity, investment attractiveness of domestic businesses to foreign capital, the focus towards innovative forms of work arrangements within service industries. The findings revealed the factors that contribute to the processes of evolution of the services sector which are the integrated use of knowledge and methods to implement the innovations to meet the customers’ needs; the introduction of innovative development strategies consistent with terms and conditions for each particular enterprise; the use of investment resources; the availability of government support; the creation of a competitive environment; attracting highly qualified professionals.","PeriodicalId":217561,"journal":{"name":"Bulletin of the Kyiv National University of Technologies and Design. Series: Economic sciences","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-05-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128431626","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-05-13DOI: 10.30857/2413-0117.2018.6.14
O. Arefieva, Iryna M. Miagkyh, N. Solovei
The paper attempts to expose the most favourable conditions for domestic enterprises to be to competitive in manufacturing and selling of competitive goods and products and thus have prospects for further effective development. The study provides insights into the economic nature of enterprise financial management basics as well as explores the processes of financial and economic activities to reveal the key indicators dynamics for production and sales, product supply patterns, to measure the effects from external and internal factors of change over a certain period, to identify the reasons for change and justify the enterprise development trends, together with building pathways to boost the enterprise performance. A thorough study on the roots of investment, investment activity, investment attractiveness and the factors that affect the stability of enterprise business development and investment activity enhancement have been conducted. The findings also present the results of an in-depth study on the investment climate specifics and impact factors that shape the investment climate in Ukraine. The analysis of investment attractiveness of the national businesses and the factors affecting alternative investment projects have been performed. Based on the research results, the paper offers a generalized investment solutions framework as well as suggests the criteria that facilitate effective investment decision making. In this study, financial analysis is viewed as a critical element within the overall crisis management system to ensure investment efficiency and identify enterprise development trends as well as the reasons for change and to be able to justify the enterprise further development prospects. The conclusions provide recommendations for making effective investment decisions.
{"title":"THE IMPACT OF INVESTMENT CLIMATE AND FINANCIAL ANALYSIS IMPLICATIONS IN MAKING INVESTMENT DECISIONS","authors":"O. Arefieva, Iryna M. Miagkyh, N. Solovei","doi":"10.30857/2413-0117.2018.6.14","DOIUrl":"https://doi.org/10.30857/2413-0117.2018.6.14","url":null,"abstract":"The paper attempts to expose the most favourable conditions for domestic enterprises to be to competitive in manufacturing and selling of competitive goods and products and thus have prospects for further effective development. The study provides insights into the economic nature of enterprise financial management basics as well as explores the processes of financial and economic activities to reveal the key indicators dynamics for production and sales, product supply patterns, to measure the effects from external and internal factors of change over a certain period, to identify the reasons for change and justify the enterprise development trends, together with building pathways to boost the enterprise performance. A thorough study on the roots of investment, investment activity, investment attractiveness and the factors that affect the stability of enterprise business development and investment activity enhancement have been conducted. The findings also present the results of an in-depth study on the investment climate specifics and impact factors that shape the investment climate in Ukraine. The analysis of investment attractiveness of the national businesses and the factors affecting alternative investment projects have been performed. Based on the research results, the paper offers a generalized investment solutions framework as well as suggests the criteria that facilitate effective investment decision making. In this study, financial analysis is viewed as a critical element within the overall crisis management system to ensure investment efficiency and identify enterprise development trends as well as the reasons for change and to be able to justify the enterprise further development prospects. The conclusions provide recommendations for making effective investment decisions.","PeriodicalId":217561,"journal":{"name":"Bulletin of the Kyiv National University of Technologies and Design. Series: Economic sciences","volume":"83 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-05-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122612350","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-05-13DOI: 10.30857/2413-0117.2018.6.2
Olena Khukhmal, Larisa Krivoruchko, Лариса Борисівна Криворучко, Олена Валентинівна Крухмаль
The paper presents the results of a comparative study on current financing practices for innovative activity which demonstrates that the European Union has access to a wide range of sources of finance for research and innovations. In contrast to European practice, the regulation framework in Ukraine in fact relates to budget funds allocation, only, which is sufficient for mere base funding. It is argued that in modern realia, a necessary step forward should be the development of a relevant toolkit to ensure government support for boosting innovations in small and medium-sized businesses, in particular, the creation of a separate institution to support innovative development of enterprise clusters. In order to address the most pressing socioeconomic issues, such as challenges for the quality of economic growth through the development of innovative high-tech clusters, enhancing the economy competitiveness or integration into the international research and technology initiatives, programs and alliances to help domestic companies gain their competitive edge, there is a critical need to improve the government support policies and guidelines for further entrepreneurship development. Reasons have been provided that the most effective ways to attract foreign investments refer to expanding the forms of their attraction, establishing the national government regulations for signing production sharing agreements while using different funding sources to differentiate the terms of investment agreements between domestic and foreign businesses, along with building a number of strategies towards Ukrainian stock market stabilization, etc.
{"title":"ФІНАНСОВО-ЕКОНОМІЧНЕ РЕГУЛЮВАННЯ ІННОВАЦІЙНОГО РОЗВИТКУ КЛАСТЕРООБ’ЄДНАНИХ ПІДПРИЄМСТВ В УКРАЇНІ","authors":"Olena Khukhmal, Larisa Krivoruchko, Лариса Борисівна Криворучко, Олена Валентинівна Крухмаль","doi":"10.30857/2413-0117.2018.6.2","DOIUrl":"https://doi.org/10.30857/2413-0117.2018.6.2","url":null,"abstract":"The paper presents the results of a comparative study on current financing practices for innovative activity which demonstrates that the European Union has access to a wide range of sources of finance for research and innovations. In contrast to European practice, the regulation framework in Ukraine in fact relates to budget funds allocation, only, which is sufficient for mere base funding. It is argued that in modern realia, a necessary step forward should be the development of a relevant toolkit to ensure government support for boosting innovations in small and medium-sized businesses, in particular, the creation of a separate institution to support innovative development of enterprise clusters. In order to address the most pressing socioeconomic issues, such as challenges for the quality of economic growth through the development of innovative high-tech clusters, enhancing the economy competitiveness or integration into the international research and technology initiatives, programs and alliances to help domestic companies gain their competitive edge, there is a critical need to improve the government support policies and guidelines for further entrepreneurship development. Reasons have been provided that the most effective ways to attract foreign investments refer to expanding the forms of their attraction, establishing the national government regulations for signing production sharing agreements while using different funding sources to differentiate the terms of investment agreements between domestic and foreign businesses, along with building a number of strategies towards Ukrainian stock market stabilization, etc.","PeriodicalId":217561,"journal":{"name":"Bulletin of the Kyiv National University of Technologies and Design. Series: Economic sciences","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-05-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134008499","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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