Bìznes Inform (Dec 2019)
Intensification of Management of Economic Behavior of Enterprise in Competitive Markets
Abstract
The article considers the intensification of the process of management of the economic behavior of enterprise in competitive markets. The system of management of the economic behavior of enterprise should be guided by the pace of development of scientific-technological progress, be necessarily related to the mechanism of the enterprise’s activities and is aimed at improving its activities and management methods. Applying the priority management practices for an enterprise should be based on the integrated use of a system of economic laws and managerial principles. Intensification of management of the economic behavior of enterprise in competitive markets is formed by means of certain instruments, methods and levers that interact with each other and constitute a holistic formation, produce an economic effect. Methods of measuring the intensification of management system of the enterprise’s economic behavior are proposed to be applied as most socio-economic indicators, formed under the influence of many factors rather than one. A model of correlation-regression analysis has been proposed, based on a group of factor indicators, namely: production costs; volume of products produced; value added by production costs; capital investment in the enterprise; number of enterprises in the industry. The findings of the research are that the greatest impact is the value-added indicator related to production costs. Measures to intensification of enterprise in competitive markets have been proposed. The main conditions for the successful implementation of the intensification of enterprise management in competitive markets have been defined through: improving the use of all types of resources and predicting the possibilities for their replacement with better ones; intensification of the introduction of innovative models for the formation of organizational behavior of enterprise in competitive markets; improving organization of production to identify bottlenecks and identify reserves; introduction of a system of measures to improve managerial decision-making based on the introduction of information technologies inherent in the digital economy.
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