Assessment of modernization processes at woodworking enterprises

Abstract

An urgent requirement of the time is to carry out modernization in all sectors of the national economy, aimed at extensive and intensive expansion of production, its innovative development and ecologization. The woodworking industry of Ukraine, having considerable economic potential, faces problems due to its low technical and technological level of development. In order to evaluate the state and quality of the process of modernization of woodworking enterprises, its components are distinguished: extensive, intensive, innovative and environmental. For the estimation of the extensiveness of modernization, the following indicators were selected and investigated for 2014-2018: number of employees, value of current assets, residual value of fixed assets, production volumes, profit. It is substantiated that modernization has an intensive component if the growth rate of the number of employees is greater than one, the rate of growth of the value of current assets is greater than the rate of growth of the number of employees, the growth rate of the residual value of fixed assets is higher than the growth rate of current assets, the growth rate of production is greater than the growth rate of the residual value of fixed assets, and the growth rate of profit is greater than the growth rate of production volume. The use of the Spearman coefficient showed that during 2015-2016, the process of modernization of woodworking enterprises with the increase of attracted resources and production volumes was ineffective due to losses. In 2017, the modernization processes are estimated to be effective but mostly extensive; in 2018, the selected indicators have a standard dynamic - modernization is intensive. The evaluation of the modernization innovation was carried out on the basis of the research of indicators of innovation activity of the enterprises of the industry for 2014-2018. The calculated integral indices showed the decrease in innovation activity in 2015 and 2017, and its expansion in 2016 and 2018. The presence of an environmental component of modernization confirms the significant increase in capital investments of the enterprises of the industry for environmental protection in 2018. The proposed methods of assessment of the components of modernization can be used both at the industry level and at the level of individual enterprises.

Keywords

• extensive modernization
• intensive modernization
• innovative modernization
• ecological modernization
• integral estimation
• growth rates
• spearman coefficient