Фінансово-кредитна діяльність: проблеми теорії та практики (Sep 2019)

THEORETICAL BASES OF PROVIDING THE ECONOMIC SUSTAINABILITY OF THE ENTERPRISE

  • V. A. Mishchenko,
  • M. M. Shevchenko,
  • I. L. Sitak,
  • K. V. Oryekhova,
  • S. V. Yavorsky

DOI
https://doi.org/10.18371/fcaptp.v3i30.179521
Journal volume & issue
Vol. 3, no. 30

Abstract

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Ensuring economic sustainability of business entities is a guarantee of survival and the basis of stability of their position in the market, provides an advantage in attracting investment, obtaining loans, selecting contractors and attracting skilled personnel. The higher the sustainability of organizations that conduct entrepreneurial activity, the higher their adaptability, independence from changes on the market and, consequently, the less probability of bankruptcy. The purpose of the article is to study the essence of the concept of «economic stability», its types and factors that affect it as a necessary precondition for the sustainable development of the enterprise in a dynamic external and internal environment for appropriate management decision making. The requirements to ensure economic sustainability of the enterprise are: the necessity of permanent monitoring of the efficiency ensuring of enterprises, search for opportunities for responding the rapid changes in the internal and external environment and the formation of a strategy of activities, implementation of which occurs through redistribution of resources. That is why it is proposed to consider the specified characteristics as the basis for forming a mechanism for ensuring economic stability of the enterprise and developing a system of stability on various grounds. The semantic analysis of the category of sustainability, combined with the implementation of transformation processes, has made it possible to determine sustainability management as the appropriate level and quality of internal organizational changes to the requirements of a changing environment, to create conditions for the adoption of effective managerial decisions and to determine the ways and means of making changes. Achieving an appropriate level of stability is proposed by formation of an appropriate mechanism, which involves the allocation of methods and forms of influence on the processes of economic activity, each of which has its foundation, tools and levers.

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