Modern Competitive Environment Research Articles

CORRELATION-REGRESSION ANALYSIS OF VOCATIONAL EDUCATION AND MACROECONOMIC INDICATORS IN GEORGIA

Strengthening the vocational education system is one of the fundamental issues of the sustainable development of the country's economy. At the same time, vocational education is an important element of productivity growth. The economic competitiveness of the country significantly depends on the qualified labor force. At the same time, the skills and competencies of the professional workforce depend on the level of development of the education system, sustainability and quality of learning. In the modern competitive environment, vocational schools must have graduates who will be highly-educated, qualified and motivated workers, as the vocational education graduate is considered as an important factor of the country’s development. Vocational education can play an important role in the country's socio-economic development and poverty reduction. Qualitative vocational education contributes to the sustainable and inclusive development of the economy, strengthening human capital, reducing unemployment, introducing innovations and increasing competitiveness, social inclusion and raising the well-being of the population. Keywords: Vocational education, Correlation-regression analysis, Forecast, GDP.

Post-Pandemic Effects on the Business Environment and the Accounting Profession

The world health crisis through which the humanity has passed recently has left deep traces in the manner of reporting to the business environment and in the mentality of the accounting professional. Although currently with significantly reduced power as regards the impact on the persons’ health status, the effects on the business environment and the accounting profession can be easily assessed. The businesses digitalisation and robotisation remain some of the essential factors in the effort for maintaining their relevance on the labour market, changing the businesspersons’ mentality being the main key in the fierce fighting within the modern competitive environment affected by an unprecedented global situation. Reshaping the accounting professional’s profile by reporting to the current requirements in terms of modernising the profession remains the fundamental basis of the perpetuation of the profession and the preservation of its significance for the business world.

Tendencies and prerequisites of higher education image formation of institutions in the modern market environment

Analysis of the current situation. Higher education institutions in Ukraine are in a competitive environment, and in a constant struggle for the best students, researchers, grants, and other budgetary and extra-budgetary funding. After all, funding for higher education in Ukraine is much lower than in European countries. Currently, due to the war in the country, many Ukrainians have gained access to education in the European Union, so more and more HEIs are developing a scientific component as an alternative source of replacing the loss of applicants, including foreign ones, who were lost due to the war in the country. This approach of science to educational institutions is in line with the 4th UN Sustainable Development Goal, namely subparagraph 4.4 - to improve the quality of higher education and ensure its close connection with science, and to promote the formation of cities of education and science in the country. However, these processes necessitate competition that is limited by financial resources. In recent years, Ukrainian educational institutions have been working more and more actively to enter national and global rankings of higher education institutions, trying to improve their positions in the rankings and formulate an opinion about their success among applicants, partners, entrepreneurs, local authorities, etc. Stakeholder engagement and maintaining the quality of education and research are key to ensuring compliance with labor market needs and attracting investment. The reorientation towards a socially responsible university reflects global trends and contributes to the formation of a positive image among the main stakeholders of the HEI. Adapting to these trends allows HEIs to successfully position themselves in the market, attracting students, teachers, and investors. The war in Ukraine restricts the full development and formation of a positive image of higher education institutions and leads to an outflow of intellectual capital from the country. The results of the study show that in terms of the "Brain Drain" indicator, Ukraine ranks among the worst in the world with an index of 8.9 out of 10, with only Samoa and Jamaica being worse off. The dynamics of entering the world rankings of universities, the number of students graduating by year, both domestic and foreign, are studied. The necessity of creating and promoting a positive image of higher education institutions in the modern competitive market environment, the need to position universities in the international globalized environment is substantiated.

Моделювання бізнес-процесів у сучасному бізнес-середовищі

In the face of fierce competition in almost all areas of business activity, the task of modeling the business processes in the modern business environment is extremely important. The article explores aspects of management and modeling of business processes. The authors analyze available methods and the modern modeling tools for improvement and automation of business processes. The necessity of using the modeling of business processes and its impact on the efficiency and competitiveness of enterprises is determined. Thus, the study determines the economic feasibility of using the modeling of business processes in the context of the modern competitive environment and its impact on improving the efficiency and competitiveness of companies. Using the practical experience of foreign companies, methodical recommendations on the introduction of the business process modeling in the company's management are proposed, due to the need for an integrated approach to organizational management. Particular attention is paid to a detailed study of the experience of applying the modeling of business processes at foreign enterprises, which are now the undisputed leaders in the market. Thanks to the experience of such companies, the study reveals the practical advantages and challenges of using the modeling to achieve optimal business efficiency and increase its competitiveness. The study results show that companies that successfully implement the modeling of business processes are able to effectively adapt to changes in the environment, and promptly implement improvements and innovations. This makes them not only more competitive but also resilient to market challenges. Thus, use of the modeling of business processes is becoming a strategic tool that helps to improve the operational efficiency of an enterprise and ensure its success in today's competitive environment.

MODELING INNOVATIVE DEVELOPMENT OF INTEGRATED BUSINESS STRUCTURES THROUGH OPEN INNOVATIONS

This paper seeks to explore the process of innovative development modeling for integrated business structures using an open innovation platform, both at the microlevel (the investment attractiveness of small and medium-sized businesses is viewed from the perspective of a systemic approach), and at the mesolevel (the investment attractiveness of small and medium-sized businesses relies upon a comprehensive assessment of infrastructure development based on the unity and interaction of criteria for business investment attractiveness across the region). It is argued that despite certain crisis phenomena encountered in the financial and economic performance of integrated business structures, a vast body of scientific knowledge and applied experience in searching for new effective innovative management tools is being accumulated. To survive in modern competitive environment, small and medium-sized enterprises while integrating should invest their owner’s funds or borrowed capital to update, expand and diversify their business, as well as focus their policy towards open innovation. Thus, in the context of the whole range of risks and challenges associated with the role of open innovations within the performance of integrated business structures, maintaining a process of modeling innovative development seems critically important. From this perspective, effective information support to generate and consolidate information data in all areas of financial and economic performance is paramount. Apart from the above, it will also contribute to boosting the efficiency of modern integrated business structures. The study findings demonstrate that socioeconomic growth rates in Ukraine are greatly affected by its investment policy focus aimed at facilitating innovative structural transformation in priority industries, modernization and technical renewal, the implementation of energy- and resource-saving and eco-friendly technologies. It is concluded that the declared investment imperative support in Ukraine within the framework of the government innovation policy will enhance further innovative development of integrated business structures and encourage the overall economic growth.

Analyzing casting defects in high-pressure die casting industrial case study

In the modern competitive world environment, the foundry industry must efficiently perform with very few rejections. The casting process is completed in three steps: pre-casting, casting, and post-casting. The primary casting Process involves charging the furnace, melting metal, holding it at certain temperatures, and pouring operation. The post-casting includes inspection and dispatch. The industry focuses on lower manufacturing costs with high productivity. Manufacturing high-quality products in less time without any defects is a goal of every foundry industry. Various casting defects such as shrinkage, porosity, surface finish, cold shut, and extra material are common. There is a direct impact of these defects on an organization’s quality, productivity, and profitability. Castings without any defect and minimum cost of production are desired for the foundries.In the present case study, data is collected from the foundry. The study of various causes of defects and product rejection during the High-Pressure Die Casting (HPDC) is conducted. Cylinder block castings was selected for analysis which are made up of aluminum alloy used in engines of automobiles. Defects in casting are the limitations of the casting process. This study provides knowledge of casting defects and their root cause analysis. This paper uses the Pareto analysis technique to identify the primary defects. The critical areas are identified through the case study and prioritization of casting defects. The casting defects observed are arranged in decreasing order and discovered that 80% of rejections are due to casting defects like cold shut, shrinkage, soldering, stain, crack, and warpage. Further, a cause-and-effect analysis is conducted. The reasons have the most significant effects and suggestions are claimed for improved casting quality in the future.

Impact of knowledge management capabilities on new product development performance through mediating role of organizational agility and moderating role of business model innovation.

In several studies, knowledge is witnessed as one of the foundations of long-term competitive edge and is also a basic source of new product development (NDP) performance. The aim of this study is to investigate the role of knowledge management capabilities (KMC) in new product development performance with the mediating role of organizational agility. Additionally, this study also intends to examine the moderating role of business model innovation on the relationship of KMC with organizational agility. This study was conducted on the Chinese automobile sector, and the NPD project managers, supervisors, and engineers of the sector were respondents of this study. A survey questionnaire was used to collect the data from 201 respondents, and data were analyzed using the Smart PLS 3 software. The findings of this research, although limited to the automobile industries, indicate that knowledge sharing and knowledge application have significant and positive effects on the development of new products. Organizational agility significantly mediates the relationship of KMC with NPD. The results found that business model innovation has a significant moderating role in the relationship between KMC and organizational agility. Moreover, the results of this study will assist the managers in developing a modern competitive business environment by implicating KMC in the process of NPD. Lastly, organizations may improve the sustainability of their product and their overall performance by using organizational agility and modern ways of value delivery.

INTERNAL STAKEHOLDERS AND THEIR ROLE IN PROVIDING SELF-SUFFICIENT DEVELOPMENT OF STATE FORESTRY ENTERPRISES

The issue of substantiation of the role of domestic stakeholders in the formation of financial resources to provide state forest enterprises with assets in a modern competitive market environment is covered. The main motivational approaches to the development of forestry of owners and employees of state and municipal enterprises through the creation of profits and labor costs are considered. The system of internal stakeholders is substantiated and mutual expectations and threats of business, owners and employees of enterprises are determined. A comprehensive analysis of the participation of internal stakeholders of state forestry enterprises in ensuring their economic activities is performed.
 It is established that in the field of forestry and logging in 2020, 56.0 thousand employees were employed, for which enterprises bear costs of about UAH 8 billion. (37.3% of net income), and their participation in the formation of financial resources according to the balance sheet is more than 8% of asset value. The state, as the owner and internal stakeholder of forestry enterprises, is investing UAH 5.7 billion in the creation of their own capital. (47.5% of total assets).
 It is substantiated that internal stakeholders are stakeholders who directly participate in the economic activity of the enterprise as its resource potential, through the system of management functions or operations of the technological process endowed with the ability to influence the development and competitiveness of business, and their interests directly depend on business results.
 In relation to the state policy for forestry enterprises, the expediency of changing the distribution of value added created by them by elements of taxes, profits and depreciation is recognized. Emphasis is placed on such ways of stimulating the activity of employees as the participation of employees in the distribution of created added value, the formation of the social package and in investing income in equity.

THE DYNAMIC ROLE OF TRUST TOWARDS AUGMENTING TEAM EFFECTIVENESS AND PRODUCTIVITY

Modern competitive environment demands that the level of adaptability and flexibility in the organizations be increased. An increasing number of organizations have tried to explore trust and team effectiveness as a mean of achieving organizational desired outputs. In this paper we have proposed a model of trust and team effectiveness that may contribute to increase productivity of organizations. Although current study only focused on two factors to increase productivity, however a modification and addition to this may be necessary. Research results show significance relationship between three variables studied. All our hypothesis were approved and they show that trust add to team effectiveness and organizational productivity. The research also offers set of future perspectives of increasing productivity as well. Key words: (Productivity, Trust, Team Effectiveness, Commitment, Cohesion)

ФОРМУВАННЯ КОРПОРАТИВНОЇ КУЛЬТУРИ ЯК ФАКТОРА ПІДВИЩЕННЯ КОНКУРЕНТОСПРОМОЖНОСТІ ТУРИСТИЧНОГО ПІДПРИЄМСТВА

In the conditions of high competition at the level of countries, corporations, and individual enterprises, the long-term competitiveness of a tourist enterprise is determined by the full use by the management and staff of their intellectual and business potential for the benefit of effective reproduction and sustainable development of the organization. The purpose of the article is to study the role of corporate culture in increasing the competitiveness of a tourist enterprise. The company's employees are the main driving force for achieving goals and implementing the development strategy. The extent to which each employee of the company is involved in the company's activities depends on the degree of achievement of the company's strategic goals, hence its long-term competitiveness and development in market conditions. Involvement of personnel in the company's activities is the most important factor in the development of any company in modern conditions of competition. The vital potential and successful functioning of the organization depend on the effectiveness of the corporate culture formed in it: stable norms and values, examples of positive and negative behavior and other significant elements that influence the formation of culture in the company. To determine the strength and level of development of the existing corporate culture in the company, as well as to identify directions for further improvement, it is necessary to periodically evaluate the effectiveness of the funds invested in the development of this direction in the organization.
 Corporate culture affects the efficiency of the organization's managers, the level of service, interaction with the internal and external environment. Formation of corporate culture is an urgent task of every tourist organization that strives to function fruitfully and fully in the modern competitive environment.

WEB INTERFACE FOR DETERMINING CRITICAL DEPTH IN OPEN CHANNEL

Research and calculations of non-uniform motion are very important from a practical point of view and have certain features for different states of flow, analysis of the shape of free surface curves, as well as the design of many hydraulic structures. When considering these issues, the concepts of specific cross-sectional energy and critical depth are used.
 The current trend of technology development in the educational process is based on Internet communications, instant online calculations and mobile microprocessor gadgets with appropriate software. The presented experimental project of educational and methodical material with web forms of online calculation of individual tasks is a variant of the modern competitive online environment on the Internet.
 Further direction of development - addition of methodical video, audio and graphic elements. Analysis of web analytics will gradually simplify the interface and choose the most effective set of modern formats for teaching materials.
 Computer on-line calculations allow to change the initial data and to introduce elements of modeling and in-depth study of theoretical positions using one typical example in the form of a web form

INNOVATION MARKETING TOOLS IN THE ENTERPRISE MANAGEMENT SYSTEM

The article is devoted to the issue of managing innovative marketing in a modern competitive market environment. As a result of research has been
 established that innovations play a crucial role in ensuring economic growth. However, there is a problem of inefficient use of innovative marketing among domestic enterprises. The article considers the main trends in innovative marketing and clarifies the importance of managing the marketing activities of the enterprise. Among the main marketing trends were considered the following: digital, conversational and omnichannel marketing. New marketing technologies with elements of artificial intelligence and machine learning are considered, which include: predictive analytics, Programmatic platform, content management systems, SEO / SEM optimization tools, Big Data, ecommerce platforms, data collection and management tools, tag management, tracking unfinished sales. The most popular digital marketing skills in 2020 are identified: coding, development, video editing, copywriting, graphic design, software expertise, SEO / SEM experience, data analysis, marketing automation, software and project management. 
 Due to the reorientation of the business towards customer-centrism, a special place in the publication is given to the indicators of customer uniqueness and the definition of the customer life cycle. Knowledge of the calculation of the customer's vital value is crucial for the marketing success of the business, allows to increase the consumer value of the company's services to consumers through a timely response to the interests and requirements of customers. The confidentiality of customer information is an important issue in the era of digital marketing, so the paper studies some technology and basic ways to identify and protect users' personal data.

Key Performance Indicators in Group Leaders’ Management

In modern competitive business environment, effective leadership is crucial to an organization's success. However, leadership is not a one-size-fits-all concept, but a multifaceted role that must be carefully followed, measured and evaluated in numerous dimensions. Key performance indicators (KPIs) are the essential tool for measuring leadership effectiveness and driving an organization towards its strategic goals. This paper presents findings of a preliminary research on the design and implementation of KPIs by Malaysian GLCs. It attempts to document the views and experience of CEOs of publicly-listed Malaysian companies in designing and implementing the strategy-based KPIs. The roles of stakeholders and the approach to balance between financial and non-financial measures were discussed. The CEOs indicated that with a well-balanced set of performance measure, they experienced benefits such as increased revenue, cost efficiency, increase communication, and link performance with compensation. The results of this study highlight the need to develop and prioritize performance indicators at the corporate and national levels to ensure successful institutional transformations and optimal utilization of public capital.

Evaluating Online Recruitment and Organisational Effectiveness in Modern Competitive Environment

Evaluating Online Recruitment and Organisational Effectiveness in Modern Competitive Environment

Methodological Support for the Analysis of Debt Security in Agribusiness and Measures to Improve Its Level

The relevance of the study lies in the fact that in modern competitive environment for effective business management, the analysis of settlements, namely the state of accounts receivable and accounts payable, which are an integral part of monetary relations and play an important role for risk assessment of the impact on the development of agribusiness is important. The purpose of this study is to improve the methodological support for the analysis of debt security in agribusiness and measures to improve its level as an effective way to manage settlements. Methodological techniques for comparing indicators and ratio analysis techniques were used to analyse calculations. The approaches of scientists to organise the analysis of settlements and debt security assessment in agribusiness are summarised and two phases are highlighted: 1) providing analysis; 2) organising the analytical process. Provisions are determined for the organisation of settlements analysis in terms of tasks, objects, subjects, frequency and stages which include: analysis of structure and dynamics of settlements, analysis of turnover of accounts receivable and payable; analysis of quality of settlements and assessment of debt security. A model of settlement analysis methodology has been proposed with the separation of debt security assessment, accounting and evaluation based on an integral indicator which includes: debt load indicators, structure indicators, quality indicators, and turnover indicators. It has been found that the improvement of methodological support through the introduction of the debt security assessment methodology provides ample opportunities for a comprehensive analysis of agribusiness calculations, enables the identification of threats and is the result of a detailed analysis of calculations. A matrix of measures to improve debt security is considered. The practical value of scientific work lies in the introduction of methods of analysis of settlements with the assessment of debt security, which will control the status of settlements with counterparties, reduce the risk of non-repayment of receivables, determine the need for additional resources to cover accounts payable and contribute to risk reduction

OPTIMIZATION OF PRODUCTION COSTS OF AGRICULTURAL COOPERATIVES AS A FACTOR IN THE FORMATION OF A STABLE FOOD SUPPLY SYSTEM

the article deals with the economic functions that can be performed within the framework of the development of cooperative forms of management that affect certain indicators of socio-economic potential of rural areas, optimization of production costs of agricultural cooperatives. The paper describes the further development of agricultural cooperation, taking into account the optimization of production costs, the impact on the identified factors that will contribute to the agricultural economic sustainable development of rural areas sustainable food security system. The development of agricultural enterprises is a priority in the market economy. The article describes the development support of agriculture, through the modernization of existing farms the opening of new large holdings small farms. Agricultural entities are constantly searching for the most optimal effective forms of cost management. If earlier traditional cost accounting systems were justified, now, in the modern competitive environment with Kazakhstan's accession to the WTO, it is necessary to review existing approaches. The method of cost accounting used in the main branches of agriculture is based on the generalization of costs for technological processes associated with the stages of work provided for by production technology in crop livestock production, can be characterized a process-by-process approach. The use of such modern cost accounting systems as and target-costing is the most promising way to solve the problem of modifying the current methodology for cost accounting calculating the cost of production at agricultural enterprises. The use of the cost accounting system Kaizen-costing (translated from the Japanese improvement in small steps) is inextricably linked with the introduction of the Japanese philosophy practice of Kaizen the related concept of lean manufacturing (lean technology)-a management concept based on the desire to eliminate all types of losses.

Цифровые технологии как стратегический приоритет развития пространственно-отраслевой структуры региона в современных условиях

With the adoption in 2019 of the Spatial Development Strategy of the Russian Federation, the issue of using digital technologies in managing development of regional spatial sectoral structures has become topical. In this aspect, in modern conditions of building an information society in our country, the use of digital technologies deserves special attention, since they become a solid support for developing many types of economic activity and digitalization of the domestic economy as a whole. Certain successes in digital technologies use have determined the relevance of this research area. The goal is to develop a classification of digital technologies, highlighting their purpose in context of activities and clarify digital technologies properties of that provide a qualitatively new level of information presentation for making management decisions. The article gives definitions of the classification composition of digital technologies and their purpose. The research results can be used to develop digitalization processes in economy sectors and strengthen their focus on growth of competitive advantages and technological development of regional spatial sectoral structures in a modern competitive environment.

ТЕОРЕТИКО-МЕТОДИЧНІ ЗАСАДИ УПРАВЛІННЯ ОПЕРАЦІЙНОЮ СИСТЕМОЮ ПІДПРИЄМСТВА

In modern conditions of market management, there is a constant increase in competition among producers of goods and services for the best conditions for production and marketing of products. And more competitive enterprises are those whose products and services meet the needs of consumers and their expectations to a greater extent. The competitiveness of products, first of all, depends on the effective management of the operating system of the enterprise. Therefore, the study of enterprise operating system management becomes relevant in the modern competitive environment and market conditions of management. Effective management of the operating system will provide the company with opportunities to improve product quality, reduce its cost, increase labor productivity and, as a result, strengthen its competitors ' position in the market. An example of effective management of the operating system of enterprises is one of the most developed countries in the world - Japan, which today is ahead of the United States in terms of quality, competitiveness and quantity of manufactured products in most industrial sectors. The merit of this is primarily effective operational management. Operational management is one of the three fundamental functions of an organization, the main goal of which is the production of consumer products. Its main feature is the purposeful solution of the main production tasks that are strategically necessary for the organization. In the article the essence of the concepts of operation, enterprise operating system, and operating system management is highlighted. The article systematizes the views of scientists on the concepts of operation, enterprise operating system and operating system management. Various scientific and theoretical views on the concept of operational management are studied. Various scientific methods of managing the enterprise's operating system in accordance with the scope of use are described. Criteria for evaluating the effectiveness of operating system management are defined. Operating systems are classified into functional blocks. The definition of enterprise operating system management as a constant continuous process of planning, organizing and controlling the transformation of material resources into a final product or service aimed at meeting the needs of the end user is proposed.

ТЕОРЕТИЧНІ АСПЕКТИ МАРКЕТИНГОВОЇ ДІЯЛЬНОСТІ СУБ’ЄКТІВ ГОСПОДАРЮВАННЯ НА ЗАСАДАХ ВПРОВАДЖЕННЯ ІННОВАЦІЙНИХ ТЕХНОЛОГІЙ

The proposed article discusses the theoretical aspects of marketing activities of business entities on the basis of the introduction of innovative technologies in modern economic conditions. The relevance of the studied topics is determined by the significant potential of Ukrainian business entities in the modern competitive business environment in the conditions of development and formation of the national economy and innovative model of the economy. The presented scientific publication analyzes the marketing activities of a business entity as a priority component of the economic activity of this business entity. The main marketing technologies that increase the competitiveness of a business entity in modern economic conditions are determined. The specifics of the introduction of marketing technologies – viral marketing, CRM-technologies, SMS marketing, etc. are substantiated. The theoretical foundations of marketing activities of business entities are summarized taking into account modern digital technologies, which makes it possible to more effectively reveal the marketing potential of a business entity and develop the necessary competitive strategy. The presented article proves the relevance and the need to introduce Internet marketing in modern financial and economic activities of a business entity. It is emphasized that the costs of using marketing technologies are insignificant and they do not significantly affect the efficiency of the business entity, the conditions of access and positioning in the market of goods and services. A comprehensive assessment of factors influencing the management of marketing activities of business entities in modern competitive business – environment in today's conditions. Factors that significantly affect the activities of a business entity and factors of indirect action that form the strategy of marketing activities of business entities in the modern market in order to improve their economic activities, identify marketing potential and increase their competitiveness have been established. . The presented research allows to identify the competitive advantages and disadvantages of the development of Ukrainian enterprises and to develop effective measures for strategic management of marketing activities.

Prospects and transformation factors of the institute of logistics providers in the Russian Federation

The selected topic of the analysis is relevant, since the restoration of the chains disturbed by the COVID-19 pandemic is possible on the basis of digitalization and consolidation of the logistics services market, increasing the innovative mobility of its entities. That is why the purpose of our paper we have chosen to make the analysis of the prospects and problems of the logistics provider development as a special subject of the logistics services market in the terms of contemporary challenges. In the course of working on the paper, the methodology of systems analysis, analysis methods, synthesis and comparative analysis were used. As a result of a comparative analysis of the main 3PL and 4PL providers, the competitive strategic advantages of the latter were revealed. In this regard, the authors have developed a hypothesis: as the time lag of uncertainty increases, the demand for 4PL provider services will grow. The paper considers the structure of the modern competitive environment, in which, according to the authors, the point of growing the domestic 4PL providers and increasing their innovative mobility will be the 3PL providers partnership with startups and their acquisition of new players in specific process areas. At the end of the paper, some barriers are specified that may prevent the implementation of the strategic partnership between the entities of the logistics services market. Conclusions: Formation of the 4PL providers institution is an advance tool for increasing the logistics industry resistance to stress. The scope of the analysis results can be advisory for logisticians, logistics intermediaries and public authorities.