Economic Affairs
  • Year: 2022
  • Volume: 67
  • Issue: 3

Management of efficiency and competitiveness of enterprises

  • Author:
  • Olena Golovchenko1,*, Mariia Saiensus2, Gennadiy Sorokoumov3, Oleh Onofriichuk4, Oksana Zubko5, Lu Liu6
  • Total Page Count: 10
  • Published Online: Sep 2, 2023
  • Page Number: 317 to 326

1Department of Economic Theory and Entrepreneurship in Maritime Transport, National University “Odessa Maritime Academy”, Odesa, Ukraine

2Department of Tourism and Hotel and Restaurant Business, Odesa National Economics University, Odesa, Ukraine

3Department of Military Training, Sumy State University, Sumy, Ukraine

4Department of Economics and Finance, Academician Stepan Demianchuk International University of Economics and Humanities, Rivne, Ukraine

5Department of Management and Law, Dnipro State Agrarian and Economic University, Dnipro, Ukraine

6Department of Business Economics and Administration, Sumy State Pedagogical University named after A.S. Makarenko, Sumy, Ukraine

*Corresponding author: o.gol@ukr.net (ORCID ID: 0000-0002-4404-5214)

Online published on 2 September, 2023.

Abstract

In the era of globalization and internationalization of the economy, the only criterion for efficiency and effectiveness of economic entities is competitiveness. Ensuring the competitiveness of economic entities in the international market in a global pandemic has become especially important. Globalization is a defining feature of the world economy, and economies’ dependence on foreign markets is growing. Thus, the development of global competition necessitates the development of economic strategies aimed at improving the efficiency and competitiveness of enterprises. The authors proposed organizational and financial principles of ensuring the competitiveness of the enterprise, information, and analytical tools for controlling the efficiency and competitiveness of enterprises, identified and demonstrated the logic of harmonizing business management goals using analytical tools for managing the efficiency of the enterprise and developed methods for integrated assessment of enterprise competitiveness. Techniques of statistical, economic, and financial analysis were used in the study; used research methods: grouping, analysis, synthesis, comparison, etc.

• Strategic management of supply and competitiveness of the region is inextricably linked with the efficiency and competitiveness of each of its enterprises.

• Assessment of the effectiveness of the management of the efficiency and competitiveness of enterprises should be expressed in specific quantitative indicators.

Keywords

Competitiveness, Efficiency, Enterprises, Management