The Conceptual Approach to Understanding the Essence of Economic Growth of Enterprises in Conditions of Dynamic Changes of the External Environment

Abstract

The publication is aimed at developing a conceptual approach to understanding the essence of economic growth of enterprises in conditions of dynamic changes in the external environment. The essence of categorical apparatus of economic growth of enterprises in conditions of changing external environment was researched. The interrelation of factors of economic growth determining the efficiency of functioning of production systems was studied. An analysis of dynamics of structure and composition of GDP by branches of industry was carried out. It has been specified that the economic growth, determined by the growth of GDP per person, is an indicator of improvement of welfare allowing to solve various social and economic objectives. The fundamental difference between the concepts of economic growth and of economic development has been emphasized. A functional scheme of the conception of management of innovation processes and economic growth of enterprises in conditions of dynamic changes of the external environment has been proposed, in which the role of material and resource components of production is substantially reduced and the role of the intellectual component of management is increased.

Keywords

• economic growth
• economic development
• external environment
• conceptual apparatus
• conception