Conceptual Modeling of Construction Industry Enterprises Management Under Conditions of Economic Instability

Abstract

The present article addresses the problems of effective management of building contractors under conditions of economic instability. The issue of sustainable development of enterprises is of particular relevance in the aftermath of the global financial and economic crisis, that has hit the world economy and has led to a significant deterioration of the key indicators o global economy, to declining trust in markets sustainable, in solvency of enterprises or even in suitability of economic systems around the world. One of the main reasons for this situation was the inefficient activities of the large enterprises, which assumed excessive risks in core activities, and after that they have hidden their failed results. The transition of the Russian Federation to a market economy has demanded from domestic economic science to review basic provisions of the concept of construction industry enterprises management. This is due to the fact that the unpredictability of rapid changes in the economic environment appeared and is growing at both micro and macro-level of fast-growing market. This resulted in an objective need to develop appropriate management methods for construction companies in conditions of instability and uncertainty engendered by the unpredictable changes of modern market. Complexity and uncertainty of the given problem have led to multifaceted research associated with development of management methods for the complex for socio-economic facilities in conditions of uncertainty of global economics.