Economic potential of agroindustrial enterprises and their impact on the environment

Igor Aleksandrov,Olga Popazova,Maxim Petrov,Olga Rasskazova,Irina Chekhovskikh,V Breskich

doi:10.1051/e3sconf/202021709003

Abstract

The authors propose an approach to quantifying the potential and intellectual capital of agro-industrial companies. When evaluating the activities of these companies, it is necessary to take into account their impact on the environment. The use of such an universal indicator of the effectiveness of activities as a change in the company’s potential will allow taking into account the environmental consequences for the region and territory of the company’s economic performance. The paper identifies problems of assessing the potential and intellectual capital of companies. It is proposed to get an assessment of the economic potential of an agro- industrial complex company based on an analytical determination of the probable market price of this company. To do this, the authors suggest using a modified revenue approach to business valuation. Quantitative assessment of economic potential will allow evaluating the company’s intellectual capital as a whole, as well as the components of intellectual capital (human capital, structural capital, and client capital). The proposed approach suggests that when evaluating the company’s potential, the sum of the net present values of the most preferred projects and the potential residual value of this entity at the end of the project planning period should be taken into account.

Highlights

Russian economy development cannot be based solely on the growth of production due to the exploitation of natural resources
The importance of the agro-industrial sector is due to the task of improving food security in the context of rapid changes in the modern economy
High-quality strategic management aimed at the long-term development of the economy of regions and territories can not be carried out only at the level of commercial organizations at the expense of the resources of managers and shareholders

Summary

Introduction

Russian economy development cannot be based solely on the growth of production due to the exploitation of natural resources. High-quality strategic management aimed at the long-term development of the economy of regions and territories can not be carried out only at the level of commercial organizations at the expense of the resources of managers and shareholders. Focusing only on the production of agricultural products in a rapidly changing market environment carries great risks for companies in the agro-industrial complex of Russia. Practice shows [1] that in order to survive, agro-industrial companies have to use all possible resources to expand their activities. This expansion of activity should not be aimed only at expanding the product range. It is necessary to develop the range of services (tourist services, catering, education) and make more intensive use of e-Commerce opportunities

Methods

Discussion

Conclusion