Economic Potential Of Enterprise Research Articles

Devising a methodological approach to identifying the economic potential of production costs for eco-innovative products

The object of this study is the production costs of ecologically oriented innovative products. The problem under consideration was to improve the efficiency of cost management for the production of eco-innovative products by improving the methodical approach to identifying reserves for their reduction in order to ensure competitive advantages and strengthen the economic and environmental security of the enterprise. The devised methodological approach is based on a systematic analysis using economic and mathematical methods. It provides for the establishment of the dependence of costs per dollar of eco-innovative products on factors related to the economic potential of the enterprise, and the search for reserves for reducing costs for the production of eco-innovative products. The analysis technology was substantiated and modeling of costs per dollar of eco-innovative products of the enterprise was carried out using the principal component analysis. A distinctive feature of the built model was the consideration of the influence of micro-level factors, risk management, and the innovative component of the enterprise's economic potential. The resulting model is significant and reliable since the variation of costs per dollar of innovative products depends on the change in the principal components under investigation by 85 %. Within the framework of the devised methodical approach, a technology for calculating reserves for reducing production costs of enterprises producing eco-innovative products has been proposed. It was established that the potential of reducing costs per dollar of eco-innovative products for the totality of the investigated enterprises is on average 5.4 cents per dollar of costs. The area of practical use of the devised methodical approach is the process of minimizing and optimizing costs per hryvnia of eco-innovative products

МЕХАНІЗМ ЕФЕКТИВНОГО ФУНКЦІОНУВАННЯ ЕКОНОМІЧНОГО ПОТЕНЦІАЛУ ПІДПРИЄМСТВА У КОНТЕКСТІ ЙОГО ЕКОНОМІЧНОЇ БЕЗПЕКИ

The article substantiates that economic potential, being a complex, dynamic category, depends on the level of development of the enterprise, competitive position, the possibility of attracting and combining certain types of resources. The study of many definitions of the definition of "economic potential" in the scientific literature allowed the authors to prove that the economic potential of the enterprise can be the achieved (actual) and promising economic potential. The approaches to determining the economic potential of the enterprise available in the literature are summarized and the resource, target and effective ones are distinguished. The authors proved that the economic potential is a unity of temporal and spatial characteristics, which made it possible to distinguish the basic potential, the current potential, and the strategic potential. In order to ensure the economic security of enterprises, the authors proposed a mechanism for the effective functioning of the enterprise's economic potential, with elements of the micro-, macro- , and mesostructure being distinguished. The components of the macrostructure of the mechanism include the following stages: preliminary, transformational and effective. The previous stage consists in the formation of the economic potential of the enterprise. The transformation stage ensures the transfer of the value of economic resources to products, and reflects the assessment of indicators of the interaction of economic resources and results. The resulting stage consists in evaluating the effectiveness of the formation and use of the economic potential of enterprises. According to each stage of functioning of the economic potential of enterprises, certain indicators and indicators are proposed, which form the microstructure of the economic potential. The authors determined that the transformation stage acts as a connecting link in the direct process of formation and realization of economic resources, in which the main criteria for evaluating the effective functioning and optimization of the economic potential of enterprises are determined: liquidity and profitability

Властивості економічного потенціалу суб’єктів бізнесу в парадигмі інвестиційно-інноваційної моделі розвитку

The article examines the properties of the economic potential of business entities in the paradigm of investment model of development. The following main properties of economic potential are allocated: integrity; complexity; interchangeability and alternativeness of its components; relationships and interactions of the elements of the potential; ability of the potential to perceive elements of the latest and innovative accomplishments and achievements of scientific-technological progress; flexibility; class character; powerfulness. Characteristic features of the development of the potential of enterprises as economic systems are the following: the complexity of the task and the need for their study as an integral combination of different aspects; complexity of tasks to be solved; increasing the number of relationships between different individual objects; changing dynamic situation; deficit of resources; improving the level of standardization and automation of individual elements of the production and management system and the corresponding processes in them; globalization in a competitive environment, production, cooperation; strengthening the roles of managerial factors, etc. It is noted that the existing potential of an enterprise can be used with different levels of efficiency. This is confirmed by practical calculations, when an enterprise with high potential has low profitability, while an enterprise with a low, but effectively used out potential, is provided with fairly high performance. It is determined that if the company does not fully use its potential, the growth of investment resources will not increase its efficiency. It is emphasized that at the same time the economic potential involves the realization of potential opportunities, expressed in the achievement of economic effect. The economic potential of economic entity is an integrated assessment of the potential opportunities inherent in the resource potential, and their implementation to achieve economic effect. It is underlined that the economic potential of enterprise is characterized by both the availability of resources and efficiency of their use, as some organizations with the same potential differ in efficiency, and consequently – economic potential is higher in the enterprise that uses its capabilities more efficiently. Improving the level of competitiveness of enterprises, overcoming the negative consequences and situations in the current economic development, can not be determined without assessing the real potential

IMPERATIVES OF COMPLEMENTARITY OF AGRO-FOOD ENTERPRISES ECONOMIC POTENTIAL IMPLEMENTATION

Introduction. Today there are deep economic transformations in Ukraine that necessitate the integration of innovative approaches and methods in the process of implementing the economic potential of agro-food enterprises, in particular the use of an innovative complementary approach. Purpose. The article aims to uncover the peculiarities of integration and the use of imperative of complementarity in the process of implementing the economic potential of agricultural enterprises. Results. Significant advantages and perspectives of the imperatives of the complementarity of the sale of agro-food enterprises are revealed in the achievement of the complementary effect, which, unlike the synergetic effect, ensures the development of two independent structure-building blocks of the enterprise's economic potential by using only one of the resource flows, while obtaining a synergistic effect is possible based on the application of various resources. The expediency of using the imperatives of complementarity of the implementation of the economic potential of agro-food enterprises is justified by the linear and hierarchical nature of their integration. Thus, the linear nature of the integration of complementary imperatives reveals signs of interaction and complementarity between the basic elements of structural units of the economic potential of agro-food enterprises, whereas hierarchical character indicates the dominant role of one and complementary role of other basic elements, which ensures achievement of the priority goals of realization of economic potential of the enterprise. Thus, in the process of implementing the economic potential of agro-food enterprises on the basis of complementarity, we should consider the effects of interaction and complementarity of the flow of its structural blocks, the possibilities of their efficient use and the ability to increase competitive advantages that will ensure achievement of the priority goals of realization of the economic potential of the enterprise, namely, maximization market value of business.

Теория и методология оценки экономического потенциала предприятий

Теория и методология оценки экономического потенциала предприятий