Bìznes Inform (Apr 2020)
The Operational Features of Construction Enterprises: Condition, Directions of Transformation, Problematic Aspects
Abstract
The article proves that the topical issues are the definition of the operational features of construction enterprises, the characterization of their condition, and the problematic aspects of development. The research is aimed at identifying the operational features of construction enterprises taking into account modern and ambiguous conditions of economic management. The objectives of the research are: defining the condition of construction enterprises; formation of the directions for increase of efficiency of operation of construction enterprises. The condition of construction enterprises is analyzed. It is proposed to define stakeholders of construction enterprises through the characterization as individuals and/or groups of persons who interact in the construction sphere on the basis of strategic contours and social directions and are determined by functional, resulting, structural, process, strategic, complex attributes, the relationship of which have a certain level of risk and threats, which allows to form contractual relationships in terms of capital construction, to carry out architectural control and provide related calculations. And all this should be provided with project documentation, material and labor resources. The corporate social responsibility of construction enterprises is characterized. The directions and features of operation of the researched construction enterprises are defined. It is identified that there is turbulence as to strengthening production capacity at the presented enterprises. The emphasis is set on the growth of the value of equity to ensure the activities of construction enterprises. At the same time, the authors determine the level of the financial autonomy of these enterprises as reduced. To increase the operational efficiency of construction enterprises, the authors necessitate the following: strengthening of production capacity by increasing non-negotiable assets, ensuring growth and optimization of the structure of working assets, increasing the level of financial autonomy, ensuring the efficiency of interaction with different groups of stakeholders, formation of corporate social responsibility. In all of the researched construction enterprises (except the JSC «Trest Zhytlobud-1») there was either decrease in the majority of indicators of financial condition, or decreased performance, overall liquidity, financial autonomy, respectively. This indicates an increase in negative phenomena in construction enterprises and the need for applying a modern instrumentarium, including interaction with stakeholders and formation, together with use of corporate social responsibility.
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