Economic Stability Of Enterprise Research Articles

FINANCIAL AND ECONOMIC STABILITY OF FUNCTIONING OF ENTERPRISES AS AN IMPORTANT ASPECT OF SUSTAINABLE DEVELOPMENT OF UKRAINE

Goal. To analyze the organizational and economic category of economic and financial stability of functioning of enterprises in the context of sustainable development of Ukraine. Method. To achieve a certain goal, the study used a method of studying and generalizing information, system analysis. Results. The article investigates the organizational, technical and economic components of stabilization processes, the reasons for the inhibition of economic development at the present stage, the analysis of the organizational and economic category of economic and financial stability of functioning of enterprises, as a complex concept, which is influenced, the causes and factors that change the level of economic and financial stability with their division into tactical and strategic, internal and external. The goals of sustainable development of the state are determined: social justice, economic prosperity, high quality environment, rational resource use, demographic stability and employment, international cooperation. There are three directions of reducing energy costs are proposed: rationalization of fuel and energy use; changing the rate of development of energy, intensive and less energy-intensive industries; introduction of energy-saving technologies, processes, apparatus and equipment in the most energy-intensive industries. Scientific novelty. The study proposes ways and stages of increasing financial and economic stability of enterprises in Ukraine. Practical significance. The research and conclusions made in this article can be used by the heads of organizations in determining stabilization economic factors in making management decisions.

ПОПЕРЕДЖЕННЯ ТА УНИКНЕННЯ РИЗИКІВ У ГЛОБАЛЬНИХ ЛАНЦЮГАХ ПОСТАЧАННЯ

In modern market conditions, it is important to correctly assess and manage risks in order to increase the competitiveness and economic stability of enterprises. This article examines the main factors that influence the formation of risks in global supply chains. Controllable and uncontrollable factors, external and internal, are defined. It was established that factors of uncertainty and risks must be taken into account at the stage of both the structural and functional synthesis of supply chains and the implementation of plans. This significantly complicates the processes of structural formation and planning, increases the requirements for flexibility, efficiency and stability of supply chains, the development of mechanisms for coordinated actions of companies in regular and non-regular situations. Although various concepts, models and information systems have been developed over the past 30 years to reduce uncertainty and risk in supply chains, in practice and in theory, this topic is becoming increasingly popular. This article presents the author’s view on the issue of uncertainty and risk in supply chains. Methods for reducing risks in supply chains include: introducing redundancy in structures(expanding the range of products, introducing temporary buffers, safety stocks, additional warehouses, capacity reserves, etc.); improving coordination and information exchange to improve the quality, timeliness and availability of demand forecasts for all supply chain participants; introducing a system for monitoring and regulating supply chains in the event of violations and deviations from the plan; unification of supply chain management elements (endowing various decision-making areas with a variety of management functions so that, for example, if it is impossible to perform a management function in area A, this function can be performed in area B; design of transport systems with alternative delivery routes; development of inter-organizational plans for actions in conditions of disruption of planned processes and elimination of consequences of disruptions in supply chains (contingency plans); standardization of production processes to increase flexibility of capacity use; documentation of disruptions and personnel training. The article emphasizes the importance of applying preventive measures in the system of risk management in global supply chains, suggests strategies for preventing and avoiding risks.

Сталий розвиток аграрних підприємств в Україні

The article is devoted to the study of the state and prospects of the implementation of the con-cept of sustainable development in the activities of agricultural enterprises in Ukraine. The article examines the concept of sustainable development and its components, in particular the Sustainable Development Goals and mechanisms of implementation of the concept of sustainable development in the activities of enterprises. The resource, economic, legal and social factors influencing the devel-opment of agricultural enterprises in Ukraine are determined. Recommendations have been devel-oped for the state and agricultural enterprises regarding actions to implement the concept of sus-tainable development in their activities and achieve the goals of sustainable development. The agri-cultural sector in Ukraine is relatively nascent, having commenced its comprehensive formation ap-proximately three decades ago. Presently, a majority of agricultural entities find themselves in a phase marked by the expansion of operations and the augmentation of capital assets. This circum-stance affords an opportunity wherein the entire industry may be structured in accordance with the tenets of sustainable development. Such an approach is poised not only to bolster the economic resil-ience of enterprises but also to ameliorate environmental conditions and enhance the overall welfare of the populace. Consequently, there arises a necessity to undertake an exhaustive examination aimed at discerning the contemporary status and distinctive features characterizing the evolution of agricultural enterprises in Ukraine. This examination should yield recommendations, particularly for governmental entities, delineating potential measures for the integration of sustainable devel-opment principles into the operational frameworks of agricultural enterprises. Today, most agricul-tural enterprises are at the stage of expansion of activities and development of capital assets. This creates conditions when the entire industry can be built on the principles of sustainable development, which will ensure not only the economic stability of enterprises, but also improve the state of ecology and the well-being of the population. In view of this, it becomes necessary to carry out a detailed study to determine the current state and characteristics of the development of agricultural enter-prises in Ukraine, to develop recommendations, in particular for the state, regarding potential steps for introducing the concept of sustainable development into the activities of agricultural enterprises.

Theoretical and methodological foundations of ensuring financial and economic stability of enterprises

This article describes how to ensure the economic sustainability of the industrial enterprises of Uzbekistan. Also, scientists analyzed the approaches of economists estimation of economic and mathematical methods of «sustainability» and «economic sustainability» and their studies. On the basis of these data, the author proposed a system of evaluation of the economic sustainability in industrial enterprises. Description of the comparative evolution of the industrial enterprises of statistical and dynamic methods in economic sustainability.

Capital formation of livestock production enterprises in Ukraine

Animal husbandry is a strategic branch of agriculture that provides the population with valuable food products and industry with critical raw materials. One of the prerequisites for the successful functioning of livestock production enterprises is the effective formation and use of capital. This process is fundamental in times of war, as it affects the financial and economic stability of enterprises in the industry. The article describes the research results on the theoretical and practical features of the formation of the capital of livestock production enterprises based on the analysis of statistical data for 2015-2021. The main trends of changes in the balance indicators of livestock enterprises in Ukraine are determined. An analysis of the specific weight of enterprises producing livestock products in the formation of aggregate indicators of the balance sheet of agricultural enterprises of Ukraine for the studied period was carried out. The main internal and external factors of capital formation of enterprises have been established. The structure of the equity capital of enterprises in the livestock industry was studied according to the primary sources of formation. Based on the conducted research, it was established that for 2015-2021, the leading indicators of the balance sheet of enterprises of the industry increased until 2020; however, after the decrease in the economic efficiency of production in the livestock industry of Ukraine, there was a sharp decline in the value of non-current assets at the level of 12 % and a moderate decrease in the value of equity - by 6%, especially in the last year of the studied period. The structure of own capital has also worsened, in which the specific weight of reserve capital, for example, in poultry and pig breeding, has decreased to 1%, which indicates the strengthening of destructive processes in the financial stability of enterprises in the specified areas of animal husbandry. The situation is better for dairy enterprises, where a higher level of reserve capital (7%) in equity capital structure is observed. The analysis of the current liabilities of livestock production enterprises indicates a significant share of short-term loans - at the level of 30%, which, in the conditions of increased interest rates for loan capital, will potentially affect the deterioration of the financial stability of many enterprises that operate with a low level of economic efficiency. A negative phenomenon for the formation and use of capital of enterprises in the livestock industry was the strengthening of the impact of price disparity in 2020-2021, which reduced the profitability of the production of most types of products, particularly pork, poultry meat, and eggs. The decrease in the value of equity and non-current assets is significantly influenced by the material losses received during the war, which led to a reduction in the scale of production, a decrease in economic efficiency, and the cessation of enterprise activity.

Substantiation of principles of management of economic stability of agricultural enterprises

The article considers the components of managing the economic sustainability of agricultural enterprises as an open system that is able to withstand the factors of the environment of its operation. It is argued that the resilience of economic entities should be considered as the ability of the production system under the influence of negative factors to return to normal and resist threats from their own and / or borrowed resources. It is established that the economic stability of the enterprise is a complex characteristic that characterizes the impact on the business entity of various external factors and internal changes, providing it with adaptability, flexibility, competitiveness, dynamism, efciency. It is substantiated that the economic stability of an agricultural enterprise is defned as a characteristic of maintaining its integrity and equilibrium functioning, in which economic and managerial decisions are able to regulate the main factors of steady state. It is proposed to consider the management of economic sustainability of agricultural enterprises as a system of management measures and actions aimed at anticipating the manifestation of crisis phenomena in economic activity and their detection at early stages, as a result it will be possible to maintain sustainable and creating new competitive advantages. It is argued that management decisions to restore or strengthen the economic stability of the enterprise should be based on the principles of adaptability, synergy, self-organization, advanced management, rapid response and rationality. Exogenous and endogenous factors that cause loss of economic stability of agricultural enterprises are systematized. It is proved that the economic stability of the enterprise can be restored only on the basis of the effectiveness of the management system of sound anti-crisis strategies that take into account the effects of external and internal environment. Measures, principles, tools and methods that form the mechanism of sustainable development management of the business entity are identifed. Key words: economic stability, balanced development, agricultural enterprises, management system, management process.

STRATEGIC DEVELOPMENT AS A FACTOR IN ENSURING THE ECONOMIC STABILITY OF A MODERN MARKET ENTERPRISE

The purpose of the paper is to analyse theoretical and methodological aspects of the formation of strategic development as a factor in ensuring the economic stability of a modern market enterprise. Methodology. The study has been carried out based on studying the theoretical and methodological aspects of the formation of strategic planning as a basis for strategic development of the enterprise; types of strategies for the development of a modern market enterprise; analysis of strategic development in the context of economic stability of the enterprise. Results of the research. In the course of research, it has been established that strategic development of the enterprise is impossible without premature drawing up of systematic process of strategic planning of the enterprise. Each individual component of economic stability of the enterprise has been characterized by its options for the use of development strategies. Practical implications. The practical significance lies in obtaining a synergistic effect due to a combination of several development strategies that will help to obtain the desired positive result. Conclusions. Strategic development should be aimed at ensuring the ability of the enterprise to achieve strategic development goals and economic sustainability in particular.

ДОСЛІДЖЕННЯ ДИНАМІКИ ЗОВНІШНЬОГО СЕРЕДОВИЩА ПІДПРИЄМСТВ МАШИНОБУДІВНОЇ ГАЛУЗІ В КОНТЕКСТІ ЗАБЕЗПЕЧЕННЯ ЕКОНОМІЧНОЇ СТІЙКОСТІ

The development of Ukraine’s economy is followed by the transformation processes that create certain challenges for business entities in the machinery industry, since it is characterized by a long operational and financial cycles that triggers investment risks and hampers the reproduction processes as well as provides barriers to ensuring the relevant level of science and technology development in the sector. Apparently, the external environment tends to damper the product quality in the machinery manufacturing industry. The lack of relevant economic background to enhance the implementation of innovative means of production hinders both the process of supplying enterprises in other industries with their own means of production and their productive forces development. Economic stability of enterprises is critical for ensuring the effective functioning and development of industries in the national economy as well as for attaining current and perspective goals which are largely affected by the competition level within domestic and foreign markets. The paper focuses on studying the external business environment dynamics in the machinery industry to ensure its economic stability. The methodological framework of the paper covers the study of classical economics research, scholarly publications of scientists and specialists in enterprise management, along with application of combined research methods: analysis and synthesis, theoretical and logical generalization and modelling. The research findings on exploring the external environment effects on enterprise performance in the machinery sector have revealed the current reasons for the decline in their economic stability. Rationale is provided for the need to implement the mechanism of economic stability management in the machinery industry under the dynamic settings of the modern economy which is an important tool in building and managing the overall enterprise economic security strategy. The research results might have significant implications for further development of the theory and practice of economic security management in the area of enhancing the capacity of machinery industry enterprises.

Features of management and factors of economic stability of an industrial enterprise in the region

The article explores the peculiarities of economic stability of enterprises, gives a brief description of this concept. The economic sustainability of an individual enterprise is being updated for the economic sustainability and competitiveness of the meso-economic system. There is a need to differentiate the concepts of sustainability and balance. Factors of influence on economic stability of the enterprise are considered. The need to manage economic sustainability is argued.

ДОСЛІДЖЕННЯ РЕАЛІЙ КРЕДИТУВАННЯ ГОСПОДАРЮЮЧИХ СУБ’ЄКТІВ БАНКІВСЬКИМ СЕКТОРОМ

It has been determined in the article that the development of the market economy in combination with internal problems and external challenges creates certain conditions for bank lending, which are characterized by instability and slow pace. This, in turn, has a negative impact on the economy in general and on the business sector in particular. In the process of studying this issue, both on the part of the banking segment and on the part of enterprises, there have been discovered systemic problems that are parallel — the imbalances of the banking segment are negatively correlated with enterprises in terms of lending. It has been analyzed that the number of banks decreased during the study period. This is evidence that banks with a significant solvency ratio remain in the financial market. This situation signifies that the banking sector is evolving in line with legislation, which, although variable, is quite "rigid" in nature. Whereas this reflects the fact that the banking sector should lend to businesses. In the context of the study, the phenomenon of declining lending to businesses and identifying factors that have a significant impact on receiving loans by enterprises: inflation, the discount rate of the National Bank of Ukraine, and the "price" of new loans. It has been substantiated that the state of bank lending to economic entities today is unsatisfactory. This is due to the fall of the industrial production index, and the negative balance of export-import operations. Certain priority sectors of the national economy also have a negative trend. During the analyzed period, they tend to decline. In addition to the factors that have an impact on these indicators, it has been emphasized that the greatest impact on the state of corporate lending has the instability of the economy. This factor has a negative impact on bank lending, which in turn correlates with the economic stability of enterprises. Therefore, the article has concluded that banks do not provide loans because companies have a negative credit history, and it is because the banking sector issues expensive loans (sometimes in foreign currency and for the short term), and this results in non-repayment of loans.

Formation the complex of organizational components of production system in agricultural enterprises

Conducted researches aimed to identify and describe the main components of the production system of agricultural enterprises in meat and dairy cattle, which effective operation can significantly improve the economic stability of enterprises in the modern business environment.The process of forming and achieving economic impact of the production system agricultural enterprises, the quality of which is determined by optimal combination of all elements and stages of the production process (people, vehicles and objects of labor, and the main, auxiliary and natural processes) in space and time. It was established, that the stability of the system is influenced by various factors. Thus, for example, one of the selected unit factors affect market infrastructure, the intensity and volume of raw material purchasing, contracts with contractors, the reaction of consumers for products and more. Therefore, have an influence of these factors, you can achieve system stability.