Scientific and methodical approach to adaptive diversification of industrial enterprise development under crisis conditions
DOI:
https://doi.org/10.34021/ve.2018.01.01(3)Keywords:
adaptation, diversification, development, industrial enterprise, assessment, strategic reference points, crisisAbstract
The article establishes that Ukrainian enterprises operate in the conditions of permanent economic crises and changes in the economic environment as a result of further integration of Ukraine into the world markets. This leads to the discrepancy between the state of domestic industrial enterprises and the requirements of the economic environment. To solve this problem, a scientific and methodical approach has been developed to adapt the diversification of the industrial enterprise development in a crisis that is based on the assessment of the existing and potential crises and the formalization of the assessment of the crisis impact, which enables an industrial enterprise to justify diversification measures in order to adapt to the crisis and to save the planned strategic development benchmarks
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References
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Pająk, K. Kamińska, B., & Kvilinskyi, O. (2016). Modern trends of financial sector development under the virtual regionalization conditions. Financial and Credit Activity: Problems of Theory and Practice 2(21), 204-217. https://doi.org/10.18371/fcaptp.v2i21.91052
Prokopenko, R., Shishatsky, V. (2014). Konceptualnyj podhod k modelirovaniyu nalogovyh reakcij korporativnyh struktur [Modelling of reflexive adaptation of corporate structures to the tax environment]. Zhurnal Nauchnyh Publikacij Aspirantov I Doktorantov, 1(91), 18-19.
Sabatino, М. (2016). Economic crisis and resilience: Resilient capacity and competitiveness of the enterprises. Journal of Business Research, 69(5), 1924-1927. https://doi.org/10.1016/j.jbusres.2015.10.081
Swan, P.L. (2009). The political economy of the subprime crisis: Why subprime was so attractive to its creators. European Journal of Political Economy, 25(1), 124‐132. https://doi.org/10.1016/j.ejpoleco.2008.12.005
Williamson, P.J., & Zeng, M. (2009). Value‐for‐money Strategies for Recessionary Times, Harvard Business Review, 87(3), 66‐74.
Wong, L. (2009). The Crisis: A Return to Political Economy? Critical Perspectives on International Business, 5(1/2), 56‐77. https://doi.org/10.1108/17422040910938686
Chung, C.C., Lee, S.-H., Beamish, P.W., Southam, C., & Nam, D.-I. (2013). Pitting real options theory against risk diversification theory: International diversification and joint ownership control in economic crisis. Journal of World Business 48(1), 122-136. https://doi.org/10.1016/j.jwb.2012.06.013
Delas, V., Nosova, E., Yafinovych, O. (2015). Financial Security of Enterprises. Procedia Economics and Finance, 27, 248-266. https://doi.org/10.1016/S2212-5671(15)00998-3
Glushkov, V. M., Amosov, N. M., Artemenko, I. A. (Eds.). (1974). Entsiklopediia kibernetiki [Encyclopedia of cybernetics]. (Vol. 1). Kiev: Abs-Mir (in Russian).
Gadzevych, I.O. (2014). Rozrobka alhorytmu perekhodu promyslovoho pidpryyemstva do dyversyfikatsiyi yoho diyalnosti [Developing an algorithm for transition of industrial enterprise to diversification of its activities]. Scientific Journal of Kherson State University. Series “Economic Sciences”, 5(2), 58-62 (in Ukrainian).
Hroznyi, I., Kuzmak, O., Kuzmak, O. & Rusinova O. (2018). Modeling of diversification of foreign economic interactions. Problems and Perspectives in Management, 16(1), 155-165. https://doi.org/10.21511/ppm.16(1).2018.15
Kapitsinis, N. (2018). Interpreting business mobility through socio-economic differentiation, Greek firm relocation to Bulgaria before and after the 2007 global economic crisis. Geoforum, 96, 119-128. https://doi.org/10.1016/j.geoforum.2018.08.002
Kuzmin, O., & Drymalovska, Kh. (2013). Sutnist ta znachennya dyversyfikatsiyi na promyslovykh pidpryyemstvakh [The nature and significance of diversification in industrial enterprises]. Ekonomichnyy analiz, 12(3), 222-225 (in Ukrainian).
Lakhno, V., Malyukov, V., Bochulia, T., Hipters, Z., Kwilinski, A., & Tomashevska, O. (2018). Model of managing of the procedure of mutual financial investing in information technologies and smart city systems. International Journal of Civil Engineering and Technology, 9(8), 1802-1812.
Laperche, B., Lefebvre, G., Langlet, D. (2011). Innovation strategies of industrial groups in the global crisis: Rationalization and new paths. Technological Forecasting and Social Change, 78(8), 1319-1331 https://doi.org/10.1016/j.techfore.2011.03.005
Maidanevych, P.M. (2014). Kontseptualni osnovy rozvytku promyslovoho pidpryyemstva v umovakh kryzy [Conceptual bases of industrial enterprise development in the conditions of crisis]. Business Navigator, 1(33), 69-73 (in Ukrainian).
Milovanov, Ye. (2006). Strategiya diversifikacii - osnova finansovoj ustojchivosti mnogoprofil'nogo predpriyatiya bytovogo obsluzhivaniya [The diversification strategy - basis of financial sustainability of a multi-profile consumer services enterprise]. Problemy teorii i praktiki upravleniya, 10, 96-104 (in Russian).
Naidoo, V. (2010). Firm survival through a crisis: The influence of market orientation, marketing innovation and business strategy. Industrial Marketing Management, 39(8), 1311–1320. https://doi.org/10.1016/j.indmarman.2010.02.005
Orlova, K. (2015). Formuvannya orhanizatsiyno-ekonomichnoho mekhanizmu adaptatsiyi promyslovykh pidpryyemstv do zovnishnoho seredovyshcha [Formation of the industrial enterprises’ organizational-economic mechanism of adaptation to the external environment]. Problems of Theory and Methodology of Accounting, Control and Analysis, 2(32), 238-249 (in Ukrainian). https://doi.org/10.26642/pbo-2015-2(32)-238-250
Pająk, K. Kamińska, B., & Kvilinskyi, O. (2016). Modern trends of financial sector development under the virtual regionalization conditions. Financial and Credit Activity: Problems of Theory and Practice 2(21), 204-217. https://doi.org/10.18371/fcaptp.v2i21.91052
Prokopenko, R., Shishatsky, V. (2014). Konceptualnyj podhod k modelirovaniyu nalogovyh reakcij korporativnyh struktur [Modelling of reflexive adaptation of corporate structures to the tax environment]. Zhurnal Nauchnyh Publikacij Aspirantov I Doktorantov, 1(91), 18-19.
Sabatino, М. (2016). Economic crisis and resilience: Resilient capacity and competitiveness of the enterprises. Journal of Business Research, 69(5), 1924-1927. https://doi.org/10.1016/j.jbusres.2015.10.081
Swan, P.L. (2009). The political economy of the subprime crisis: Why subprime was so attractive to its creators. European Journal of Political Economy, 25(1), 124‐132. https://doi.org/10.1016/j.ejpoleco.2008.12.005
Williamson, P.J., & Zeng, M. (2009). Value‐for‐money Strategies for Recessionary Times, Harvard Business Review, 87(3), 66‐74.
Wong, L. (2009). The Crisis: A Return to Political Economy? Critical Perspectives on International Business, 5(1/2), 56‐77. https://doi.org/10.1108/17422040910938686
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Published
2018-10-17
How to Cite
Tarasova, H. (2018). Scientific and methodical approach to adaptive diversification of industrial enterprise development under crisis conditions. Virtual Economics, 1(1), 42–52. https://doi.org/10.34021/ve.2018.01.01(3)
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