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Unformatted text preview: Organizational-economic mechanism of management innovative development of economic entities Collective monograph edited by M. Bezpartochnyi Higher School of Social and Economic Przeworsk (Poland) 2019 1 2 Mechanizm organizacyjnoekonomiczny zarządzania innowacyjnym rozwojem podmiotów gospodarczych Monografia zbiorowa pod redakcją naukową M. Bezpartochnogo Wyższa Szkoła Społeczno-Gospodarcza Przeworsk (Polska) 2019 3 UDK 658.589 Organizational-economic mechanism of management innovative development of economic entities: collective monograph / edited by M. Bezpartochnyi, in 3 Vol. / Higher School of Social and Economic. – Przeworsk: WSSG, 2019. – Vol. 2. – 400 p. The authors of the book have come to the conclusion that it is necessary to effectively use modern approaches the management of innovative development the economic entities in order to increase the efficiency of activity, to ensure competitiveness, to intensify innovation activity. Basic research focuses on assessing of the life cycle innovation, innovation ensuring of enterprises, diagnostics of financial ensuring for innovative development of enterprises, evaluation the regulation of investmentinnovation processes. The research results have been implemented in the different models of management innovations in various sectors of the economy, developing and implementing innovative strategies for developement entrepreneurship, improving production technologies and product quality, standardization and certification products. The results of the study can be used in decision-making at the level the economic entities in different areas of activity and organizational-legal forms of ownership, ministries and departments that promote of development the economic entities on an innovative basis. The results can also be used by students and young scientists in modern concepts and mechanisms for management of innovative development the economic entities in the context of efficient use the resource potential and improvement of innovation policy. Reviewers (international scientific editoral board): Tetiana Cherniavska – Doctor in Economics, Professor at the State University of Applied Sciences in Konin Volodymyr Saienko – Doctor in Economics, Professor at the University of Management and Administration in Opole The collective monograph is approved for publication at the meeting of the Scientific Council of the Higher School of Social and Economic in Przeworsk of 04h Juny 2019, Minutes No. 18. Reproduction or citation reference is mandatory. © Higher School of Social and Economic, 2019 ISBN 978-83-937354-6-4 4 Organizational-economic mechanism of management innovative development of economic entities Contents INTRODUCTION ……………………………………………..…… 10 Chapter 1 THEORETICAL FOUNDATIONS MANAGEMENT INNOVATIVE DEVELOPMENT OF ECONOMIC ENTITIES ………………………………………………………………………... 11 But T., Komar R., Solovikh Y. Identification of financial determinants of economic development to regulate investment-innovation processes ………………………... 11 Hrynchyshyn I., Bil M., Popadynets N., Leshchuh I., Patytska K. Theoretic interpretation of the components of territorial communities‟ endogenous capacity ……………………………… 19 Kozyk V., Lesyk L., Symak A., Ivanytska O. Problems of the professionals training in economic specialties …………………………………………………………………….. 31 Makarenko P., Pilyavsky V. Factors of market and public influence on the income of hired labor resource owners …………………………………………............... 42 Pishenina T. Innovative strategy for developing entrepreneurship as a resource of their competitiveness …………………………………………....... 54 Sharova S. Theoretical approaches to determining regions in the international economy ………………………………………….......................... 63 Svyda I. Management of development of depressed regions on the basis …………………………………………………………………….. 72 5 Chapter 2 MECHANISMS MANAGEMENT THE INNOVATION PROCESS OF ECONOMIC ENTITIES ……………………………………..... 82 Achkasova S. Preventing and counteraction corruption risks in introducing and implementing risk-based approach in financial monitoring system …………………………………………………………………….. 82 Kantsedal N., Ponomarenko O. Accounting provision of innovations‟ lifecycle as management objects ………………………………………………………...….. 91 Katkovav T., Hrytsenko M. Use of gravitational models for spatial systems studying …….… 103 Kuzmin O., Krasnoshchokova K., Sobutska O., Kuzmenko O., Bezsmertna V. Comprehensive assessment of the quality of the «pancakes», considering on the norms of the physiological needs of the average person …………………………………………………………… 114 Satyr L., Novikova V., Zadorozhna R. Innovative ensuring of agricultural enterprises on principles of private-state partnership ……………………………………….... 123 Toporkova E. Strategic aspects of financial risk management of enterprises ….. 136 Zaderey A., Pavlenko V., Babachenko M. System of motivation of the transport company‟s staff ………… 145 Chapter 3 FORMATION AND EFFECTIVE USE THE INNOVATION POTENTIAL OF ECONOMIC ENTITIES …………………..… 154 Druzhynina V., Davidyuk L., Lutsenko G. Possibilities of information technologies in the field of tourism ….................................................................................................... 154 6 Fedulova L., Shmahlii O. Development of the high-tech sector of Ukrainian industry: from industrialization to digitalization ………………………………... 164 Lavriv I., Fediv R. Directions of development and implementation of the Ukrainian export potential ………………………………………………….. 175 Mohylevska O. Marketing potential of modern enterprise …………………….… 185 Siketina N. Organizational and economic adaptation of network structures of the enterprise for the dynamic external environment ……………….. 194 Vlasenko I., Gyrych S. Improvement of soybean oil production technology …………… 203 Chapter 4 FINANCIAL ENSURING OF MANAGEMENT INNOVATIVE DEVELOPMENT OF ECONOMIC ENTITIES ……………….. 212 Androsova E. Creating corporate culture at machine-building enterprises of Ukraine as one of the aspects of implementing the strategy ……. 212 Gernego Iu. Banking financing of social business competitive advantages in Ukraine ………………………………………………………….. 220 Makarovych V., Vyhivska I. Development of the teaching methods of economic analysis of factoring business efficiency in risk conditions ………………… 228 Stoliarchuk H., Khvostenko V., Novikova L. Investment stability as a basis financial support of innovative development of enterprises ……………………………………... 238 7 Tereshchenko T. Forecasting the financial ensuring of development the insurance company on the basis of cost concept management by the insurer …………………………………………………………………… 247 Yevtushenko N., Palamarchuk O. Development of innovational potential of regional economy …... 255 Chapter 5 INNOVATIVE STRATEGY FOR DEVELOPMENT OF ECONOMIC ENTITIES AS A FACTOR OF THEIR COMPETITIVE ADVANTAGES ……………………………….. 264 Babayev V., Sukhonos M., Dymchenko O., Yesina V., Rudachenko O. Components of the economic entities potential by types of economic activities in the system of socio-economic development of regions ………………………………………………………………….... 264 Bahorka М. Marketing strategy of ecologization as the main direction in the innovative activity of agrarian enterprises in Ukraine ………….. 280 Bezuhla L., Demchuk N. Development strategy of ecoturism enterprises as a factor of increasing their competitiveness ................................................... 289 Bublyk M., Karpyak A., Rybytska O. Ratings of higher education institutions – competitive advantages in choosing innovative strategies for their development under international economic relations ………………………………... 297 Karpenko O., Turenko Ye., Karpenko H. Transfer of economic and legal research to low and non-waste technologies based on the implementation of a green economy …………………………………………………………………… 312 Kondratenko N., Novikova M., Gnatenko M. Methodical approach to determining the reserves of increasing efficiency innovative activity of industrial enterprise …………... 320 8 Shpak O. Innovation strategy for quality control of diesel fuel ecological class Evro-5 as a source of competitive advantages ……………...…... 334 Chapter 6 WORLD EXPERIENCE IN MANAGEMENT INNOVATIVE DEVELOPMENT OF ECONOMIC ENTITIES ……………….. 343 Brych V., Tkach U. Certification and standardization in the hospitality sphere ……... 343 Gunko V., Kravchenko O., Kuksa V., Boguslavska S. Features of sharing economy development in modern conditions …………………………………………………………………… 354 Kuranovic V. China international logistics development of business and management …………………………………………………….. 366 Titarenko L. State management of innovative development in foreign countries ………………………………………………………………..….. 374 Yangol’ A. The assessment methodology of the level of integrated strategic performance of metallurgical enterprises based on worldwide experience in management of innovation development ................ 383 CONCLUSION ……………………………………………………. 395 9 INTRODUCTION Progressive institutional and structural transformations of the economy require intensive updating and provision of programs, plans and projects for the management of innovative development the economic entities, positive changes, significant improvement of the regulatory environment, creation of appropriate conditions for modernization of industries and enterprises on the basis of latest technologies. Providing innovative development the economic entities is impossible without reorganization and improvement of the theory and practice of development of management systems of these processes. In order to ensure the development of economic entities on an innovative basis in modern conditions of activity the necessary foundation is to intensify innovation processes in all spheres of activity and to direct the efforts of all elements of the organizational structure to the implementation of the tasks. The effectiveness of innovative development the economic entities is determined by the ability of the management system to influence on all business processes of the enterprise and to coordinate its internal capabilities with the challenges of the environment in order to ensure competitiveness and strengthen market positions. The purpose of writing this collective monograph is to substantiate theoretical-methodological foundations and development a management system of the development of economic entities in a globalizing environment, taking into account transformational changes in the international economic environment. The object of the authors‟ research was the process of management the development the economic entities in conditions of resource constraints, the specifics and trends in the development of economic entities under the influence of factors of the internal and external environment, the generalization of world experience in the management of development the economic entities in order to improve efficiency of the formation and use of the resource potential and innovative activity the economic entities in various spheres of the national economy in conditions globalizing. The subject of research were various processes of formation and effective use of innovative potential the economic entities; formation of organizational-economic mechanisms for management of innovative development the economic entities; use of credit-financial and investment instruments to stimulate innovative development the economic entities; improving of intellectual and personnel potential of innovative development the economic entities; consideration of practical aspects of innovation development management in different sectors of the economy. 10 Chapter 1 THEORETICAL FOUNDATIONS MANAGEMENT INNOVATIVE DEVELOPMENT OF ECONOMIC ENTITIES But Tatiana Ph.D. in Technical, Associate Professor Autonomous non-profit educational organization of higher education ―Voronezh Economics and Law Institute‖, Stary Oskol branch Komar Ruslana Master of Finance, Master of International Law National Aerospace University named after N. Zhukovsky ―Kharkiv Aviation Institute‖ Solovikh Yevheniia Ph.D. in Political Sciences Associate Professor of the Department of International Relations, International Іnformation and Security V. N. Karazin Kharkiv National University (Stary Oskol, Russia; Kharkiv, Ukraine) IDENTIFICATION OF FINANCIAL DETERMINANTS OF ECONOMIC DEVELOPMENT TO REGULATE INVESTMENTINNOVATION PROCESSES In based on identification of significant financial determinants of the state‟s economic development is the conceptual ideas of the Keynesian, neoclassical and institutional-evolutionary paradigms of the evolution of economic systems. The financial component of economic development is formed by a set of interrelated processes of capital accumulation and the conditions for its transformation into investment-innovative resources. Accordingly, the significant financial determinants of economic development are: resource determinant (sufficient financial potential of the real sector of the economy); transformational determinants (financial market efficiency); 11 institutional determinant (debugged the financial mechanism for regulating investment-innovation processes). The highlighted significant determinants are closely interrelated and interdependent. An efficiently functioning financial market, transforming national savings into innovative-investment resources, allows to increase the financial potential of the real sector of the economy. The growth of the latter, in turn, provides for increasing the tax base and budget revenues, which increase the financial capacity of the state and contribute to implementation of the financial mechanism for regulating investment-innovation processes that, stimulate the qualitative renewal and increase the financial potential of the real sector of the economy [1]. Analysis of the financial potential of the real sector of the economy shows that in countries whit developed markets, at the expense of the company‟s own sources is financed 70–80% of the need for investment resources; in developing countries, the share of own funds in investment financing sources is significantly lower. This is due to the deterioration of the conditions for use by enterprises of financial market resources in the post-crisis period. Risks of deterioration on the financial situation of enterprises in the context of slowing economic growth and uncertainty of the economic environment against the background of deteriorating geopolitical situation, lower profits and levels of profitability reduce investment development opportunities. An analysis of the own financial potential of investing in the real sector testifies that it is insufficient for sustainable development on the basis of innovation. In addition, enterprises have insufficient motivation to invest in fixed capital, in conditions where the level of profitability in financial markets exceeds their level of profitability. It is not by chance that the growth of the investment needs of the real sector is accompanied by the growth of non-financial investments of enterprises. In this situation, being actualized the need for increased attention to development of financial markets and the effectiveness of their functioning. The results of many studies, including using econometric models, have shown that the development of financial markets has a significant direct positive impact on long-term economic growth, and the mechanism of such influence is an increase in investment in innovation and an increase in the overall productivity of production factors [2]. In recent years, have become widespread the models reflecting the impact of the financial market on economic growth 12 through stimulating innovation and increasing investment in research and development [3]. The efficiency of function the financial market reflects its focus on achieving a certain result, embodying the functional purpose of this market, which, in our opinion, is the financial-investment ensuring for social reproduction on an innovative basis. On the efficiency of the financial market can, in particular, be judged by such indicators as the share of its resources in investments in fixed assets, as well as the ratio of gross savings and investments in fixed assets. So, at present, the development of market relations is not possible without a financial market. The financial market is a special sector that has features characteristic of the market in general, but at the same time it has specific features. The financial market has taken a special place in the general system of market relations and in the system of market regulation of the economy. Thanks to him, capital is distributed among various sectors of the economy, such as industry, scientific-technical sphere, education, etc. The development of this sector of the economy can have a significant impact on the dynamics of world GDP. The development of the financial sector is considered as one of the instruments for stimulating intensive economic growth, especially in the context of a shortage of natural resources or high prices on them on the world market. However, this sector of the economy is influenced by a number of factors, without settling which financial, and therefore economic development is absent or limited. The main problems hindering the development of the national financial system, according to L. Zingales and R. Rajan (Zingales, Rajan, 2004) [2]: 1. The greed and passivity of the government. For the function the market is necessary an infrastructure and its presence is mainly beneficial for each market participant. However, no company will bear the costs of developing such an infrastructure. Therefore, the state most suitable for this purpose should not be passive. However, the opportunity of availability form an infrastructure does not guarantee that the state will perform this function. As Zingales and Rajan write, “even in the most democratic societies, states do not always fulfill the will of the people or act in their interests: the same problems associated with coordinating actions and the desire to profit at someone else‟s expense, which require organized intervention, impede the direction of this intervention to achieving the public good”. But even if the state respects property rights, there may be another 13 obstacle to financial development. “Small organized groups can influence government policies in their own interests and at the expense of society”. 2. The threat to large industrial enterprises and influential financiers. Such companies with a stable position during a period of stability do not need a financially developed system. “They can finance new projects from the income from an existing business ... without access to the external capital market”. Even when external financing is needed, they can offer their reputation or their existing assets as collateral or guarantees. In addition, the development of the financial system creates competition, and competition reduces the profits of large industrial market participants. For financial companies, is important “the ability to monopolize the provision of client finance so that its threat to stop lending has weight”. Thus, the client loses the opportunity to contact another lender, since the client‟s credit history is known only to his current financier, which means “any other financier to whom a client will apply will not be in a hurry to provide a loan” due to the high degree of risk associated with this client. The development of the financial sector also requires greater transparency in business, which impedes the use of personal connections and contacts. 3. The significant role of personal relationships in the implementation of funding. “In the absence of full disclosure of information and proper execution of contracts, any funding that is not secured by a pledge is based on personal connections”. Therefore, for influential financiers, the development of the financial sector means not so much new opportunities to expand their activities, but a threat to the source...
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