E3S Web of Conferences (Jan 2023)
The concept of increasing the efficiency of the enterprise in modern conditions
Abstract
In today's highly competitive business environment, improving the efficiency of enterprise activities is a crucial task for successful functioning and development. To achieve efficiency, it is necessary not only to analyze the current situation but also to plan, make decisions, and control the implementation of the strategy. This article focuses on the methods of improving the efficiency of enterprise activities in a rapidly changing economic situation. The authors present the concept and mathematical model of effective enterprise development, describing the key parameters and principles. The study explores the main methods of business optimization and management tools that can help enterprises become more competitive and successful in the market. In addition, the article discusses the importance of investing in innovation and balancing financial capabilities with development prospects to increase the efficiency of enterprise activities. The limitations of the presented mathematical model and possible directions for further research are also considered, along with other factors that may be incorporated into the model but were not discussed in the article. The findings of this study could be of great value to managers, decision-makers, and researchers working in the field of business management and optimization.