Stages Of Business Development Research Articles

Bridging the ‘Concept–Product’ gap in new product development: Emerging insights from the application of artificial intelligence in FinTech SMEs

Building on the literature on the concept-product gap in new product development, we examine how FinTech SMEs are developing Artificial Intelligence (AI)-based innovations and which organisational or project factors best contribute to the acceleration of AI innovation. The empirical evidence collected from interviews with key stakeholders, practitioners’ forums, and public company documents yields two distinct approaches that differ in their potential for accelerating innovation and reducing the concept-product gap. From a contingency perspective, these two approaches are expanded into four distinct development process configurations, contingent on the business development stage, reliance on 3rd party platforms, availability of high volumes of data, investment level, organisational agility, and level of novelty. The resulting process typology could be used as a diagnostic tool for FinTech SMEs interested in effectively leveraging AI innovation. Using contingency theory, we further develop these insights into a new theoretical framework to explain how AI innovation development unfolds in FinTech SMEs and the rationale for different implementations. Our new process typology and theoretical model can help researchers investigate the mechanisms underlying technological innovation processes. We further identify the specific reasons why the potential of AI for creating new services and disrupting incumbents via digital startups has not been fully realised even in contexts with significant investment and support from public and private business development programmes. This field is still rapidly evolving, and thus, new areas for future research are also highlighted.

Conceptualization of system management of e-commerce enterprises

The modern information stage of business development is characterized by digitalization of all processes, primarily commodity and money exchange. This reinforces the trend of dynamic growth in the number of electronic commerce (EC) enterprises, which is naturally accom­panied by an increase in the volume of turnover, intensifying market competition between manu­facturers, sup­pliers and sellers, expansion and improvement of product offers, implement­tation of artificial intelligence technologies in these processes. There is an objective need for a flexible and adaptive response of the corporate management of EC enterprises to permanent market changes in order to strengthen their own competitive advantages, as well as to develop a theoretical model of effective system manage­ment of an enterprise operating in such conditions. Such a model should be based on fundamentally new approaches to the system management of EC enterprises. Ukraine’s par­tici­pation in the formation of the global information society requires the development of the domestic EC segment, which involves the improvement of business processes in produc­tion and trade, the expansion of sales channels, the transformation of the labor market and the human capital mana­gement system. Such a necessity is intensified against the background of Russia’s war against Ukraine. Despite the economic crisis caused by the war, the improve­ment of management approaches by EC enterprises should increase the efficiency of their business processes and lead to an increase in the competitiveness of the domestic economy. The aim of the article is to develop the conceptual foundations of system management of e-commerce enterprises. Based on the methods of scientific analysis and synthesis, the essence of e-commerce, e-commerce enterprise is determined and the classic McKensey 7S mo­del is developed in the case of system manage­ment of an e-commerce enterprise. Internal and external determinants of system management of EC enterprises are highlighted. The develop­ment of the classic McKensey 7S model and the analysis of the system management determinants of EC enterprises made it possible to concept­tualize it and reveal the need for a scientific rethinking of management approa­ches at the level of domestic enterprises. This will contri­bute to the leveling of barriers to the effective introduction of new management approaches into management practice.

Entrepreneurial Dynamics: Investigating the Success Factors in Start-Ups and Franchises in Egypt

Abstract This study embarks on a comprehensive comparative analysis of start-up ventures and franchise operations within Egypt’s burgeoning pharmacy industry, with a key focus on delineating the challenges and success determinants inherent in each business model. Adopting a mixed-method research design, the study utilizes surveys and questionnaires to extract empirical data on pivotal variables such as customer satisfaction, brand image, relationship quality, and trust, thereby evaluating their collective influence on the overarching success of the business entities under scrutiny. A critical facet of this research is the exploration of communication's role in fortifying open innovation performance during business negotiations, particularly within the start-up milieu. This insight is invaluable, underscoring the significance of strategic communication in cultivating customer loyalty and trust, which are paramount in the nascent stages of business development. In summation, the research offers profound insights into the disparate operational dynamics characterizing start-ups and franchises in Egypt. This study not only illuminates the pathways to business success in the competitive Egyptian pharmacy sector but also contributes significantly to the broader discourse on entrepreneurship and business strategy in emerging markets. JEL classification numbers: D25, M13, M31. Keywords: Franchisee entrepreneurs, Start-ups, Customer satisfaction, Pharmacy industry.

Digital Technologies in the Process of Forming Sustainable Strategies for Agricultural Enterprises in International Markets

The active phase of applying digital technologies contributed to their implementation in forming sustainable strategies for agricultural enterprises in international markets. It is proved that the development of certain functions of international marketing and their active extension beyond the enterprise, the development of a scheme of interaction with the consumer, and intra-company integration with increased feedback in modern conditions have gained practical importance and ensured the formation of sustainable strategies of agricultural enterprises.
 Ukrainian enterprises, having not yet fully resumed business activity after the COVID-19 pandemic, have entered a new risk zone caused by the armed aggression of the Russian Federation against Ukraine. Ukrainian companies understand the responsibility of business for the state of economic recovery in Ukraine and are trying to act here and now to stay afloat.
 Digital technologies are being actively implemented in various economic sectors, so Ukrainian agricultural enterprises have to use digital progress to effectively develop sustainable strategies in international markets to remain competitive in today's market. 
 It has been proven that in the current conditions of international business activity, only those companies that can use promising digital technologies in the early stages of business development will remain competitive.
 It is substantiated that, depending on the specialization of the enterprise and the specifics of the goods or services provided there, the segments of domestic and international markets in which goods and services are sold, it is worth choosing connectivity platforms that will act as information support for enterprises in the process of forming sustainable strategies in international markets. 
 International marketing research was conducted to select new international markets based on information collected from the "Trade Map" and "Theglobaleconomy" connectivity platforms, which operate on a user's request.
 Using the example of the product group "1512 Sunflower oil", two segments of attractive international markets for Ukrainian agricultural producers were identified. The first segment is the markets of Ireland, Switzerland, Austria, and Belgium, where there are favorable business conditions for Ukrainian farmers. The second segment is the markets of Poland, Bulgaria, and the United Kingdom, where there is an opportunity to increase sales of sunflower oil. It is substantiated that the intensification of business activities of agricultural producers of the product group "1512 Sunflower oil" will allow in the short term to ensure the implementation of the sustainable development strategy, despite all the difficulties that have arisen as a result of the active phase of the war in Ukraine. 
 Keywords: digital technologies, sustainable development strategy, international business activities, a system of indicators of attractiveness of international markets, connectivity platforms, segmentation of international markets, agricultural enterprises

Identifying critical resources for successful fashion startups in the USA: an exploratory study

PurposeUsing resource-based theory and social cognitive theory, this study aimed to investigate crucial resources that new US fashion ventures need to survive the initial stage of business development. It also intended to discover the role and characteristics of founders that contribute to the success of a fashion business, as well as challenges and struggles that fashion entrepreneurs face.Design/methodology/approachFor the study, a qualitative research method with in-depth personal interviews was conducted. Participants were recruited through purposeful sampling methods. Using a grounded theory approach, we analyzed the approximately 308 pages of primary source data, transcribed from the records of the interviews.FindingsFindings were categorized into three major themes. First, financial resources and literacy, marketing, merchandising, as well as legal resources were identified as critical resources at the firm level. Second, at the individual level, four important human agency factors, including intentionality, forethought, reactiveness and reflectiveness were revealed as essential for the success of fashion entrepreneurs. Lastly, relationships and networks were highlighted at both firm and individual levels.Originality/valueThis study contributes to the understanding of fashion entrepreneurship, an understudied area. The study identified critical resources for the success of fashion startups, especially during the initial business development process. The findings also emphasized the importance of human agency factors and networks at both firm and individual levels.

ОЦЕНКА ВЛИЯНИЯ ДОЛГОВОЙ НАГРУЗКИ НА ЭФФЕКТИВНОСТЬ ДЕЯТЕЛЬНОСТИ ПРЕДПРИЯТИЯ

These days, domestic industrial enterprises tend to use borrowed funds for business development needs due to insufficient own funds for achieving the desired rates of sustainable growth. The forms and scopes of borrowing may vary depending on corporate goals and objectives at each stage of business development, including the possibility for the company to increase its debt burden without detriment to the operational performance. If the company's debt obligations grow at a higher rate than its profits, the company may be facing a loss of financial stability, potentially leading to bankruptcy. This article presents the findings of a study on the capital structure and change dynamics of a major furniture manufacturer in Russia, including the impact of the growing debt burden on the operational performance indicators. The study demonstrates that the capital growth rate slows down with an increase in the share of borrowed funds within the capital structure. Such borrowed funds, being essentially long-term financial liabilities, are found to dominate the overall capital structure, resulting in lower financial stability and a sharp rise in the company's debt service costs, which in turn contribute to reduced level of profits and lower return on assets. Based on the findings of this study, it was concluded that keeping on with the current trend of growing debt burden, the company will not be able to discharge its debt obligations through the operating activities at the given pace of business development.

Big oil and the energy transition: Evidence from M&A

International Oil Companies (IOCs) represent a significant source of capital and expertise that could be deployed to contribute to the investment required to achieve the energy transition to a low carbon future. This paper sheds light on the current motivations for mergers and acquisitions (M&A) by the various energy sectors and focusses on policies and commercial contexts that would favour IOCs incorporating renewables into their core business. An empirical analysis of a twenty-year history of M&A in the energy sector, covering over 10,000 transactions, is complemented by an economic model that differentiates between investment for innovation and investment for scale and transaction benefit. The analysis confirms that in the case of renewables, IOCs are currently at the exploratory stage of business development and appear to be valuing innovation based on renewables on subset of their business. The analysis concludes that IOCs favour core investment in functioning competitive energy markets rather than in rate-of-return regulated assets, and that for IOCs in particular policies and market rules directed towards that end would favour both near- and long-term investment by them into low carbon energy.

Характеристика факторов внешней среды, влияющих на устойчивость промышленного предприятия

The problem of ensuring the sustainability of the development of an industrial enterprise is a consequence of the rapid pace of changes in the external environment and the needs of business in purposeful and sound strategic management of sustainable development. In an unstable environment, standard management methods and techniques based on standard economic indicators cannot be used to make decisions regarding the sustainable development of an industrial enterprise, which requires new approaches to the study of its sustainability factors. These circumstances determine the scientific and practical significance of studies of environmental factors influencing the sustainability of industrial enterprises. As you know, the sustainability of an industrial enterprise largely depends on the specific stage of business development. Taking into account these conditions, a study of modern approaches to systematization of the factors of influence of an unstable external environment on the stability of an industrial enterprise was conducted. The scientific and practical significance of such studies for improving the effectiveness of strategic sustainability management of an industrial enterprise is substantiated and the conditions for their implementation are determined. Using critical analysis, the results of a number of approaches to the grouping and characterization of environmental factors of enterprises are systematized. Conclusions are drawn about the need to take into account the factors of influence of the external environment of an industrial enterprise in the studies of their interrelations with the factors of the internal environment. The results of the study provide an increase in knowledge in the field of theory and methodology of strategic management of sustainable development of industrial enterprises in the conditions of uncertainty of the external environment. and they are of applied importance for the practice of strategic management, forming the necessary basis for improving the classification of environmental factors influencing the sustainability of an industrial enterprise as one of the tools for strategic decision-making. Classification allows not only to systematize factors for certain reasons, but also to develop an action program to reduce the impact of identified negative factors on the sustainability of the enterprise, taking into account external trends in economic, political, social and environmental development, etc.

Accounting outsourcing as a new stage of business development

Today outsourcing acts as an integral part of the Russian business environment. The issues of its proper use are extremely relevant for modern companies, as this affects not only the cost indicators, but also the level of attractiveness of these organizations from the point of view of investment. However, the transition to outsourcing is often due to the tendency to keep up with modern trends, while in reality its use is impractical for this company. In this regard, there are problems in financial and economic activities caused by an ill-considered decision to switch to the provision of accounting services by a third-party organization on a reimbursable basis.

Business growth through a sustained strategic management approach in manufacturing organisations

Organizations regularly encounter unforeseen occurrences like government policy change, market failure natural catastrophes, terrorist attacks, or technology failures in extremely unpredictable and uncertain times. Thus, the study of strategic management and organization growth was embarked upon. Two research questions were asked leading to two research hypothesis famulated to guide the study. The population of 63 of the study were taken from the staff of the Mouka and Frendy foam production industry which also formed the sample size. Fifteen (15) items Questionnaire instrument validated and tested for reliability at 0.75 Cronbach Alpha were then distributed to the sampled staff of Mouka and Frendy foam production industry in Warri and Abraka. There after the extracted data were subjected to statistical analysis. the result shows that there is significant effect between defensive strategy and organization growth; also, that there is no significant effect between prospective strategy and organizational growth. From the finding recommendation were made among others that defensive strategy boosts organizational growth, and it should be adopted by managers at all level and stages of business development as it help to fight competitors amidst harsh competitive business environment

Orientasi kewirausahaan sebagai upaya meningkatkan kinerja pemasaran khususnya UMKM

There are important things that can increase the productivity of MSMEs, one of which is entrepreneurial orientation. MSMEs in Indonesia which have an entrepreneurial orientation are still low compared to other countries. Characteristics are determined by several factors inherent in the business owner or can be determined by limitations or sizes inherent in the stage of business development. The shortcomings of MSME actors in Indonesia can be caused by a lack of resources such as money, time, knowledge, and expertise. entrepreneurial orientation is very supportive of the performances of business people or MSMEs. The purpose of this study is to find out how entrepreneurial orientation can be an effort to improve marketing performance, especially for MSMEs. This study uses a descriptive narrative method where the main explanation focuses on the results of the analysis and discussion of theories that are in accordance with the research problem. Entrepreneurial orientation has significant and insignificant implications for the marketing performance of SMEs. Based on the results of the research, entrepreneurial orientation has positive implications for marketing performance. Almost all previous studies say that entrepreneurial orientation has a significant effect on marketing performance. However, if you look deeper, some studies still suggest that entrepreneurial orientation does not have positive implications for marketing performance.

IMPLIKASI PERAN DESTINATION MANAGEMENT ORGANIZATION (DMO) – DESTINATION GOVERNANCE (DG) DALAM PENGEMBANGAN PARIWISATA BERKELANJUTAN

This study analyses the implications of Destination Management Organization (DMO) – Destination Governance (DG) on sustainable tourism development in Indonesia. Desk study is carried out using secondary data and VRIO analysis was employed. We found that the success of DMO development cannot be separated from the transformation of DMO development which includes the stage of strengthening the collective awareness movement of stakeholders; the destination management development stage; the business development stage; and the stage of strengthening and structuring the destination management organization. The development of DMOs in various countries is carried out on a regional and national scale by developing tourism boards that aim to develop tourism, technology and information as well as the promotion of tourist destinations. The implications of competitiveness through capability resources in DMO-DG, obtained 4 (four) Sustained Competitive Advantages, including tourism ecosystem, quality of service and travel experience, human resource development, and community management.

POTENSI PENGEMBANGAN SENTRA INDUSTRI PAKAN TERNAK DI KECAMATAN GETASAN KABUPATEN SEMARANG

Getasan Subdistrict with hilly topography with a high altitude and located on the slopes of Mount Merbabu is the main focus of ruminant husbandry in Semarang Regency with production of 100% pigs and 63.60% dairy cows. The farm feed industry center is expected to be a solution to increase the quantity and quality of livestock, especially ruminants in Getasan Subdistrict and Semarang Regency. The purpose of this study is to examine the extent to which the opportunity for the establishment of an animal feed industrial center in Getasan Subdistrict, Semarang Regency is seen from the existing potential and limitations. To see the potential and limitations of the study area in the development of animal feed centers, a qualitative approach was used in this study. A phenomenological descriptive methods was used for this study. Collecting data by compared theories with field condition observations and some interviews. Analysis of potential competitive advantage, location analysis and analysis of stages of business development capabilities are carried out to support the achievement of the writing objectives. From the results of the analysis of competitive potential, there are four factors that support the feasibility of developing animal feed industrial centers, namely the level of large regional economic potential; utilization efficiency of regional economic potential; the attractiveness of the region for a large population, especially in agriculture and animal husbandry; attractiveness of areas for businesses that are supported by tourism and accommodation destinations, but the level of innovation in the regional economy is still lacking so it needs the support of third parties and academics. Based on Weber's location theory, Getasan Subdistrict meets the potentials by the factors of raw materials, labor and potential local consumers. It is necessary to divide the analysis of the stages of business development for the animal feed industry center which is divided into four stages, namely: piloting, main business development, network expansion, and business diversification. The gift of nature, the availability of raw materials and a large local market potential are the main strengths.

FINTECH MARKET DEVELOPMENT IN THE WORLD AND IN UKRAINE

Abstract. The trends of fintech development in the world and in Ukraine have been explored in the article. The COVID-19 pandemic has spurred accelerated financial innovation development and increase of investment in this area. Fintech’s payment sector has the highest investment activity and investors’ interest in such sectors as cybersecurity, regtech, cryptocurrency and blockchain is growing. Investors prefer US, UK, and German markets, as well as already developed, sustainable businesses. These investors’ interests and the concentration of investments are projected to continue in the coming years. Ukraine is characterized by a low level of development of financial technologies, but there has been an increase in investment activity in fintech, particularly in 2020 investments were increased in the early stages of business development. The development of fintech in Ukraine is expected to accelerate due to the recent positive changes that have taken place in this direction: a new law on financial monitoring has been enacted, allowing remote identification and verification of clients; the Law of Ukraine «On Virtual Assets» has been enacted, which will allow to regulate the process of circulation of cryptocurrency and development of the cryptosphere; the NBU has became the regulator of financial institutions and creating equal conditions for banking and non-banking institutions to operate on the market; the Fintech Development Strategy 2025 has been developed to stimulate innovation, improve the availability and quality of financial services, and create a strong fintech ecosystem; the Ukrainian Startup Fund has been established to promote the creation and development of technological startups. The following directions for further development of fintech in Ukraine have been defined: improving financial and digital literacy; increasing the availability and safety of non-cash transactions; developing the infrastructure of the fintech ecosystem; integration of the national fintech ecosystem into the global fintech ecosystem; accretion of the fintech market investment potential; financial services sector digitalization. It is necessary to introduce modern transparent methods of regulating the fintech market in order to stimulate financial innovation projects and consumer protection, to stimulate interaction of fintech companies and banks, other financial institutions towards the development and diffusion of financial innovations. Keywords: fintech, investments, innovations, fintech market, fintech companies. JEL Classification G20, G24 Formulas: 0; fig.: 4; tabl.: 0; bibl.: 13.

Determination of Factors Affecting the Strategic Sustainability of the Enterprise

By itself, the presence of identified factors of strategic stability is not enough to ensure it. Obtaining a competitive advantage depends on how effectively they are used in the practical activities of the enterprise. Functioning in the market system of the economy, every enterprise must quickly respond to any information and changes occurring in the life of the country. Hardly any production in our country during the transition to the market economic system did without fundamental changes in all management systems. The management scheme, which worked successfully under conditions of centralized planning, could not ensure the stable operation of enterprises in market conditions. And that is why the management structure, designed to meet new marketing principles, has undergone many changes. The need to increase the efficiency of production, its intensification, set before the enterprises the task of further improvement of management activities. In modern conditions, competition is intensifying, as a result of which enterprise managers are constantly searching for new (adequate to the conditions of competition) enterprise management tools and levers for increasing their strategic stability. Among the main opportunities for increasing the strategic sustainability of this business element, we can highlight: building a development strategy, creating intangible assets, growth based on competencies, knowledge, technologies, and business processes. The market allows full manifestation of economic independence, therefore it is our fourth element of modern business. We consider the possibilities of using the market situation from the types of markets (growing, unchanged, stagnant, underdeveloped): survival based on strategic stability in the conditions of “consumer” competition and producer competition. Despite the importance of all groups of opportunities, a special role at the stage of business development should be attributed to the group of opportunities for strengthening strategic stability with the help of internal resources of the enterprise. This fact is explained by the fact that in today’s rapidly changing technological world, the survival of an enterprise largely depends on the quality of its labor resources (personnel), possession of accurate and timely information, created by the infrastructure of business and scientific and technical ideas and material forms of their implementation, that is, the unity of material and immaterial production.

ЕКОНОМІКО-ПСИХОЛОГІЧНІ АСПЕКТИ РОЗВИТКУ ПІДПРИЄМНИЦТВА В СУЧАСНИХ УМОВАХ

The article examines the economic and psychological aspects of business development in modern conditions. It is determined that entrepreneurial activity provides a powerful incentive for highly productive work, profit and, ultimately, better satisfaction of social needs, and the development of entrepreneurship is determined by the state and level of market relations and, above all, the necessary conditions for private sector freedom in the economy. Given the important tasks of entrepreneurship in the national economic system, it is justified that its development is influenced by a large number of factors, among which recently the leading place is occupied by the economic and psychological component of small and medium business. It is generalized that the behavioral approach has created a basis for the classification of management styles of the enterprise (organization), behavior and leadership. However, neither the approach to the study of effective entrepreneurship from the standpoint of personal qualities, nor the behavioral approach could not reveal, for all their importance, a direct logical connection between personal qualities or behavior of the manager in business practice and success. Within the framework of the entrepreneurial type, the positive and negative qualities of modern entrepreneurship are highlighted. Positive qualities include such characteristics as adventurous, purposeful, ambitious, creative, enterprising, innovative, free-thinking, creative, practical, proactive, strong-willed. Negative - instructive, harsh, limited (using only professional knowledge in their work), arrogant, and so on. In the structure of entrepreneurial success, it is proposed to distinguish two components: personal success and success in project implementation, as well as its personal and social aspects. The main difficulties that entrepreneurs have to face at different stages of business development are identified. The components that ensure the effective operation of the entrepreneur are structured. First, it is the usefulness of its activities for society. Only in this case you can expect a positive reaction from others. Secondly, respect for loved ones and colleagues. Third, stability, which allows you to feel much more confident and work hard to move forward. Fourth, a favorite thing that evokes feelings of joy and satisfaction.

КОНЦЕПТУАЛЬНІ ПОЛОЖЕННЯ СТВОРЕННЯ МОНІТОРИНГУ СИСТЕМ ЕКОНОМІЧНОЇ БЕЗПЕКИ ПІДПРИЄМНИЦТВА

The process of forming of certain economic strength security provides the proof functioning of business, its integration in control system by a region and state. Therefore, there is a permanent necessity for realization the monitoring of economic security of enterprise as a key element of steady development of national economy. A research aim is sent to forming of conceptual positions in realization of monitoring the systems of economic security of business. modern normatively-legal and legislative aspects became Methodological basis of research became modern normatively-legal and legislative aspects of strengthening of economic security and eliminate of existent threats in the process of realization the monitoring of economic security of different business structures. In the conducted researches used methods of dialectics, methods and principles of scientific cognition, instruments of economic analysis for the sake of forming the conceptual positions in relation to creation of monitoring the systems of economic security of business. The basic hypothesis of research became supposition about possibility of creation the universal conceptual bases of realization the monitoring of economic security of businessmen with the aim of providing of stable development of business activity in the different spheres of national economy. Exposition of basic material. In the article are investigated the basic requirements of creation the monitoring of the systems of economic security, that is pulled out on the modern stage of business development to marked the aim, tasks, principles, functions, and stages of realization the monitoring. It is brought indicators over of economic security and its threshold values on the different levels of management business activity, to underline, that for each separate business structure the indexes of economic security can be certain depending on the type of business. Originality and practical meaningfulness of research are confirmed by the offered conceptual bases to creation and realization of monitoring the systems of economic security of businessmen, which takes into attention the specific of activity the separate businessman, and allows to be integrated in the general system of the state economic security. Conclusions and prospects of further researches. It is well-proven that conceptual positions are offered the monitoring of the systems of economic security of business allow to recognize and identify threats, forecast its consequences, determine the methods of localization and give information for the management of business structure activity, to accept operative decisions on the removal of threats, to correct strategic aims of businessmen development, taking into attention the state of economic security of external and internal environment of functioning. Further researches will be sent to convergence of purposeful cooperations in the process of realization the monitoring in the system of economic security of enterprise

PREPARING THE STARTUP ECOSYSTEM FOR BUILDING A NEW STARTUP BUSINESS DURING PANDEMIC: A SYSTEMATIC LITERATURE REVIEW

The success of the startup planning in the early stages of business development would make startup easier to achieve the business target and proceed to the next phase. This study aims to obtain information on each ecosystem element's role in the early stages of startup development. The literature review method was adopted by collecting the last ten years of journals. Forty-six primary journals were generated from filtering the journals with relevant topic issues. There were 17% of the evaluation type journals, 24% of validation journals and solutions, then 35% of experience journals. The Results are the ecosystem element's position at the startup growth stage in general. This knowledge could assist the founders' research in planning for startup market creation to mitigate startup failure rates in the first few years. Guidance on several topics that apply to further study also provides in this journal.

Recommendations for improving the personnel adaptation system at Stil Trade LLC

At the present stage of business development, human resources are central to the activities of any organization. An efficiently assembled team of highly qualified personnel, with a successfully built system of selection and adaptation, motivation, training, etc. is the key to the successful functioning of any organization. Thus, the effectiveness of work, profitability, competitiveness and the prospects for the development of the company as a whole depend on the successful construction and operation of the personnel management system.

Personnel Adaptation System Analysis at Style Trade LLC

At the present stage of business development, human resources are central to the activities of any organization. An efficiently assembled team of highly qualified personnel, with a successfully built system of selection and adaptation, motivation, training, etc. is the key to the successful functioning of any organization. Thus, the effectiveness of work, profitability, competitiveness and the prospects for the development of the company as a whole depend on the successful construction and operation of the personnel management system.