Abstract

This article analyzes the impact of the uncertainty of the external environment on the financial and economic sustainability of industrial enterprises. The analysis studied the impact of global crisis on the economic characteristics of Russian enterprises. Formulated problems caused by fluctuations in the external environment, in terms of the sustainability of the enterprise. In order to control the sustainability of the enterprise authors suggest gradation disturbances depending on the level of their occurrence: micro-, mini-, meso- and macro levels. The article substantiates the need for the development and application of probabilistic and statistical simulation models in the analysis of financial and economic sustainability of the enterprises, which is especially important during the global financial crisis. DOI: 10.5901/mjss.2015.v6n6s2p465

Highlights

  • The modification of the geopolitical structure and the world social and economic order resulted in the augmented importance of the role of post-industrial and economically developed countries

  • According to Legatum Institute (UK) data, in 2011 Russia was ranked 57 in the general listing, 34th according to the major economic indices level and 82nd in terms of the general welfare, while in 2012 it was ranked 66th in the general listings

  • The transition of the Russian economy towards the modern market economy has resulted in the considerable growth of uncertainty, which influences the industry environment, and determines the necessity to develop the methodological approaches to the improvement of the industrial enterprise development management based on the economic security criteria used to achieve the general competitive recovery and, the growth of returns of both the industrial enterprises and the national economy in general

Read more

Summary

Introduction

The modification of the geopolitical structure and the world social and economic order resulted in the augmented importance of the role of post-industrial and economically developed countries. The modern world and Russian science have certain fundamental knowledge on the security of the economic systems Such knowledge should be used as a basis for the development of the newest rational methods of management of the Russian enterprises economy based on the economic safety criteria. This fact defines the reasons for the necessity to draw the newest approaches to the evaluation of the influence the uncertainty has on the end results of the economic. The sustainable development of certain branches may be achieved only via the efficient sustainable functioning of the primary economic agents – the enterprises, as the industrial enterprises are the major structuring parts of economy, uniting the material, labor and financial resources to fulfill the production goals

Theoretical Framework and Literature Review
Materials and Methods
Findings
Conclusion
Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call