POSSIBILITIES OF BUSINESS CONSOLIDATION AT MACHINE-BUILDING ENTERPRISES

Abstract

The article provides a systematic study of the concept of business consolidation in relation to the activities of machine-building enterprises in Ukraine. This combination of efforts is aimed at the subjects of economic relations both to strengthen existing competitive advantages and to gain new ones to increase the competitiveness of integrated business. This mutually beneficial interaction is beneficial to the enterprises of the machine-building industry in the conditions of aggravation of the crisis phenomena, new challenges of economy. The existing methods of solving problems of the industrial branch are generalized and the efficiency of the new methods and approaches of integration of machinebuilding enterprises in Ukraine by consolidation of business is substantiated. In particular, it is proposed to strengthen the consolidation of investment as a tool for developing the competitive strategy of domestic machine-building enterprises. The most acceptable opportunities for business consolidation by Ukrainian machine-building enterprises and priority areas of development of this industry have been identified. The possible risks of such a variant of mutual assistance between machine-building enterprises have also been thoroughly studied, given the current trends in economic development at the regional and international levels. In general, the consolidation of business with proper support provides the participating companies with the economic effects of synergies, which makes it possible to ensure sustainable business development on the basis of social responsibility.