Efficiency Of Strategic Management Research Articles

Analysis of the advantages and risks of the implementation of the medium-term budget planning mechanism in Ukraine

The article examines the essence of medium-term budget planning as a budget plan for forecasted activities for the medium-term period, forecasting the number of funds needed to achieve the chosen goals in the medium-term perspective. A significant difference in the approaches to interpreting budget planning and forecasting has been determined. Attention is drawn to the fact that medium-term budget planning is only a forecast and does not involve setting exact figures. In particular, the elements of medium-term budget planning based on world experience were studied, as well as the results of the targeted implementation of such a mechanism. The main reasons for the rapid implementation of the medium-term budget planning mechanism for countries with high and low-income levels are indicated. Several advantages and features were analyzed, and attention was paid to the disclosure of factors that currently hold back the mechanism of implementing medium-term budget planning in Ukraine. Therefore, the purpose of the article will be to analyze the advantages and risks of implementing the mechanism of medium-term budget planning in Ukraine, justifying the need to develop a system of strategic medium-term budget planning in Ukraine as a tool for ensuring the effectiveness and efficiency of strategic management in the context of the modernization of the public finance system in Ukraine based on the study of foreign experience and assessments of domestic scientific developments. It is justified that analyzing the advantages of the studied mechanism, it should be noted that the effective introduction of medium-term budget planning will allow Ukraine to provide financial resources for the process of fulfilling strategic state tasks, increase the stability of state finances and budget discipline, and increase the predictability and efficiency of state investments.

METHODICAL APPROACHES TO DIAGNOSIS OF FORMATION AND ENSURING SUSTAINABLE DEVELOPMENT OF A SMART CITY

Purpose. The aim of the article is to improve the methodological approach to the diagnosis of the processes of formation and sustainable development of a smart city, in particular, the formation of a logical and structural approach to this process. Methodology of research. The study uses generally accepted methods in economics: monographic, theoretical and comparative analysis – to reveal the conceptual foundations of the formation and sustainable development of a smart city; analysis and synthesis, system and structural, abstract and logical, statistical groupings – to improve methodological approaches to the diagnosis of the formation and ensure the sustainable development of a smart city. Findings. The analysis of theoretical sources of Ukrainian and foreign scientists concerning the definition and diagnosis of sustainable development of a smart city was conducted. It is established that there is no methodical approach to the diagnosis of sustainable development of a smart city, which is based on statistical observations of the State Statistics Committee of Ukraine. The author’s methodical approach to diagnostics of the process of smart city development is proposed, which, in contrast to the existing ones, covers the consistent implementation of research stages at the macro, meso, and micro levels. The necessity of using a set of statistical data and mathematical methods in the process of developing directions for improving the efficiency of strategic management of sustainable development of a smart city is substantiated. Originality. The methodological approach to the diagnosis of sustainable development of a smart city has been improved, which, in contrast to the existing ones, covers the consistent implementation of research stages at the macro, meso, micro levels: strategic analysis and assessment of sustainable development of smart cities in Ukraine at the macro and meso levels; analysis of the effectiveness of the use of the existing potential for sustainable development of smart cities at the micro level; modelling, development of directions of increase of efficiency of use of available potential and formation of the organizational and economic mechanism of sustainable development of smart cities. Practical value. The application of the proposed methodology will contribute to the development of organizational and economic principles of building a mechanism for managing the development of a smart city. Key words: sustainable development, smart city, diagnostics, organizational and economic mechanism.

Імперативи сталого розвитку телекомунікаційних підприємств в умовах актуалізації змін.

In order to support sustainable competitive advantages the enterprise should take into account the imperatives of strategic management, which are relevant at the time. The aim of the article is to improve scientific justification imperatives of strategic management system based on the trends transforming modern business environment. The scientific justification imperatives of strategic management are improved. The main imperatives based on the fundamental characteristics of change: continuity, cyclical, systematic, natural sequence, proactivity, uniqueness, adequacy transformations in the environment is formulated. Main transforming trends of modern business environment with the release of the nanoscale as the top priority for companies are generalized. These results provide a basis for improving the overall efficiency of strategic management and helps achieve their goals in the implementation of the strategy of trade enterprises.

Corporate strategic management: Static and dynamic paradigms

Based on an analysis of the dynamic trend of the environment in which Chinese enterprises operate and the theory of dynamic competition, this paper seeks to propose a new strategic management pattern—the “dynamic paradigm”, which has mainly resulted from an integration of the theoretic contributions of the two strategic management streams. It ultimately aims at enhancing the effectiveness and efficiency of strategic management in an environment full of uncertainties. The dynamic paradigm designed to explore today’s real business world is characterized by: 1) viewing strategic management as a process of both proactive plans and in-the-process reaction, both point and process decision-making and both rational and non-rational decision-making; 2) stressing the roles played by speed and innovation in the dynamic competition; 3) highlighting the inherent ties and the interaction among the three phases of strategic management; 4) emphasizing the critical impacts on the effectiveness and efficiency of strategic management by corporate governance, organizational structure, managerial mechanism, mode of control, composition of top-management team and corporate culture.

The Efficiency of Strategic Management in Brazil: The Case of the Banking System

This article examines the efficiency of the 50 largest financial conglomerates in the Brazilian retail banking system by total volume of assets, among those with at least 50 branches in the country, based on figures from their published annual reports for 2004. After providing a brief historical background, we use data envelopment analysis (DEA) together with the I-O stepwise technique for variable selection. We introduce into the analysis the creation and simulation of artificial or unobserved productive units (artificial decision making units). At the end we analyze the financial institutions according to the results presented by the nonparametric DEA method, using the artificial DMUs, to observe the units considered as efficient and the variables that the inefficient units need to work on to improve their performance.