sustainable development of economy international ... · rieznik m.a., university instructor,...
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FFoouunnddeerrss ooff tthhee jjoouurrnnaall::
BBiillaa TTsseerrkkvvaa NNaattiioonnaall AAggrraarriiaann
UUnniivveerrssiittyy
PPrriivvaattee IInnssttiittuuttiioonn ooff HHiigghheerr
EEdduuccaattiioonn ““UUnniivveerrssiittyy ooff
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PPrriivvaattee eenntteerrpprriissee ““IInnssttiittuuttee ooff
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Chief editor: DDaannyylleennkkoo AA..SS..,,
dr.econ.sc, prof., acad. of NAАS
Deputy chief editor: SStteellmmaasshhcchhuukk AA..MM..
dr.econ.sc., prof.
KKaappiittaanneettss SS..VV..,, cand.p.sc., assoc. prof.
Editorial Council Varchenko O.M., dr.econ.sc., prof.
Kapitanets Yu.O., cand.econ.sc., assoc. prof. Malik M.Y., dr.econ.sc., prof., acad. of NAАS
Editorial Board:: BBaallaanniiuukk II..FF..,, dr.econ.sc., prof.
BBoorrsshhcchhoovveettsskkaa VV..DD..,, cand.p.sc.
IIvvaasshhcchhuukk NN..LL..,, dr.econ.sc., prof.
KKuuzzmmiinn OO..YYee..,, dr.econ.sc., prof.
PPaasskkaa II..MM..,, dr.econ.sc., prof.
PPuuttsseenntteeiilloo PP..RR..,, dr.econ.sc., prof.
SSaattyyrr LL..MM..,, dr.econ.sc.
SSvvyynnoouuss II..VV..,, dr.econ.sc.
SSeemmiivv LL..KK..,, dr.econ.sc., prof.
SSookkoollsskkaa MM..OO..
SShheevvcchhuukk LL..TT..,, dr.econ.sc., prof.
SShhuusstt OO..AA..,, dr.econ.sc.
Foreign scientists
VVaassiilliiyy SSiimmcchheerraa, dr.econ.sc., prof. (Russia)
MMiirroossllaavv SSvvaattoosshh,, dr.econ.sc., prof. (Czechia)
SSttaanniissllaavv SShhyyddlloo,, dr.econ.sc., prof. ((Poland))
TTeettiiaannaa VVaarrkkhhoolloovvaa,, dr.econ.sc., prof.
(Slovakia)
JJoozzeeff OOlleennsskkii,, dr.econ.sc., prof. ((Poland))
Scientific editors::
DDzzhheerreelleeiikkoo SS..DD..,, cand.econ.sc., assoc. prof.
Kemeniash I.H.,, cand.econ.sc.
NNiiaannkkoo VV..MM..,, cand.econ.sc., assoc. prof.
SSaavvaa AA..PP..,, cand.econ.sc., senior research
fellow
KKhhoommaa DD..MM..,, cand.econ.sc.,, assoc. prof.
Editor: FFeeddoorryysshhyynnaa LL..MM..,,
cand.econ.sc, assoc. prof.
SUSTAINABLE DEVELOPMENT OF ECONOMY
International scientific and production journal
Contents
Economy and management of a national economy
Yelisieieva O.K., Rieznik M.A., Shportiuk O.V. METHODOLOGICAL PRINCIPLES AND SOME ASPECTS OF ACCOUNTING AND ANALYSIS OF RETAIL NETWORKS IN
UKRAINE……………………………………………………………….. 3
Ibatullin M.I. STATE SUPPORT OF PIG BREEDING IN UKRAINE:
CURRENT STATE AND DEVELOPMENT PROSPECTS…………… 18
Skotsyk V.Ye. THEORETICAL AND METHODOLOGICAL PRINCIPLES OF MARKET FUNCTIONING OF AGRICULTURAL
MACHINERY……………………………………………………………. 21
Kundieieva H.O. FOOD SECURITY AND SOCIO-ECONOMIC DEVELOPMENT OF THE COUNTRY……………………………… 24
Shevchyk B.M. LOGIC OF THE WAVE: PASSIONARY AND ENTROPY IN THE CYCLE OF ECONOMIC DYNAMICS……….. 28
Economy and enterprises management
Bakay V.Y. STRATEGY OF THE SUSTAINABLE DEVELOPMENT OF THE ENTERPRISE TAKING INTO ACCOUNT THE LEVEL OF ITS
ECONOMIC SECURITY……………..………………………………… 32
Dub B.S. INTEGRATION AND SYNERGY OF MANAGEMENT TYPES FOR IMPROVING ENTERPRISE ECONOMIC SECURITY
SYSTEM………………………………………………………………… 35
Nestor O.Yu. MODERN FEATURES OF FORMATION OF
FINANCIAL STRATEGY OF UKRAINIAN ENTERPRISES…………… 39
Development of productive forces, regional economics, the demography, social economics and politics
Orlova O.M. HUMAN RESOURCE MANAGEMENT AS A FACTOR SUCCESSFUL ENTERPRISE OF HOTEL AND TOURISM BUSINESS 41
Innovation and investment activities
Voloshchuk K.B., Voloshchuk V.R. INNOVATIVE AND INVESTMENT ENSURING SUSTAINABLE DEVELOPMENT OF THE AGRO-INDUSTRIAL ENTERPRISES…………………… 44
Sas L.S. TECHNOLOGICAL RENEWAL OF PRODUCTION IN A COMPETITIVE ENVIRONMENT……………………………… 47
Shatsilo N.I., Tkachenko K.V. PRINCIPLES OF ASSESSING THE EFFECTIVENESS INNOVATIVE AND INVESTMENT PROJECTS FOR THE DEVELOPMENT OF RURAL TERRITORIES ON THE PRINCIPLES OF SUSTAINABILITY……………………………………………………. 51
Biben O.I. RESOURCE PROVISION OF INNOVATIVE POTENTIAL OF THE AGRICULTURAL PRODUCTION………… 54
Accounting, analysis and audit
Levchenko N.M., Nikitchenko N.V. ALGORITHM FOR
DETERMINING OF THE USEFUL LIFE OF FIXED ASSETS………… 57
Hunіa V.O., Kovalchuk T.I. DEFINING THE ESSENCE OF EQUITY AND ESPECIALLY ITS RECORD IN THE MODERN MARKET
ECONOMY……………………………………………………………… 60
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by the Order of Ministry of Education and
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1021 as scientific professional editions of
Ukraine (economic sciences)
ISSN 2308-1988 (Print)
ISSN 2308-2011 (Online)
Signed for printing
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©Bila Tserkva National Agrarian University
©PIHE “University of Economics and
Entrepreneurship” ©PE“Institute of Economics, Technologies
and Entrepreneurship”
Vizirenko S.V., Yermakova O.O. IMPROVEMENT OF THE ACCOUNTING ORGANIZATION OF COSTS OF ADVERTISING
ACTIVITIES AT THE ENTERPRISE…………………………………... 63
Zhadan M.I., Batii Ya.P. ACCOUNTING AND ANALYTICAL SUPPORT OF PROCESS OF MANAGEMENT FINANCIAL RESULT
OF ACTIVITY OF ENTERPRISE………………………………………. 66
Lyshchenko O.H., Pasichnyk A.V. IMPROVEMENT OF ACCOUNTING AND INFORMATION SUPPORT FOR THE PROCESS OF MANAGEMENT OF ACCOUNTS RECEIVABLE FOR THE
PURPOSE OF ITS RESTRUCTURING………………………………… 76
Ocheretko L.M., Simanovska O.O. IMPROVEMENT OF DOCUMENTARY REFLECTION OF OPERATIONS WITH THE
CAPITAL INVESTMENTS……………………………………………… 79
Panchenko O.M., Voronova N.V. IMPROVEMENT OF COST
ACCOUNTING INNOVATIVE ACTIVITY……………………………… 82
Management, marketing, entrepreneurship
Lemish K.M., Mezhueva Yu.O. SOCIAL NETWORKS AS A NEW
TOOL FOR ADVERTISING ……………………………………………. 87
Karpenko V.L. MARKETING OF COMPETITIVENESS OF THE ENTERPRISE……………………………………………………………..… 90
Demkura T.V. THE NETWORK ORGANIZATION OF ECONOMIC SPACE AS THE CURRENT TREND OF THE WORLD ECONOMY DEVELOPMENT……………………………………………………………. 93
Lychuk L.I. QUANTITATIVE PROVIDING THE LABOR POTENTIAL OF AGRICULTURAL ENTERPRISES IN TERNOPIL REGION IN THE CONDITIONS OF MARKET TRANSFORMATIONS……………………… 97
Financial and credit system
Buryak P.Yu. ESSENCE AND NECESSITY OF FINANCIAL
STRATEGY OF ENTERPRISE……………………………………….... 101
Varchenko O.M., Artimonova I.V. TAX COMPONENT OF
PRODUCTION AND SALE OF SUGAR BEET FARMS……………… 103
Buryak O.P. BANK RISKS, THEIR CLASSIFICATION AND RISK-
MANAGEMENT…………………………………………………………. 106
Rudych O.O., Zubchenko V.V. FOREIGN EXPERIENCE OF
FINANCING AND CREDITING OF AGRICULTURE…………………… 109
Mostipaka O.V. OFFSHORE JURISDICTIONS…………………….. 112
http://www.uniep.km.ua/mailto:[email protected]://www.uniep.km.ua/
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І. Economy and management of a national economy
UDC 336.6
Yelisieieva O.K.,
Doctor of Economics, professor,
head of department of statistics, accounting and economic informatics,
Rieznik M.A.,
University instructor,
department of foreign languages for social and economic specialities,
Shportiuk O.V.,
Oles Honchar Dnipropetrovsk National University
METHODOLOGICAL PRINCIPLES AND SOME ASPECTS OF
ACCOUNTING AND ANALYSIS OF RETAIL NETWORKS IN UKRAINE
Setting the problem. Amid the global financial crisis, competition in the market
is exacerbated, requirements for flexibility and quality of planning are increasing.
Under these conditions, companies must decide on the choice of goods that will be
included in the product range. The increase in sales and improvement of the product
range efficiency depend directly on the correct assessment of profitability of each
commodity item, absence of unsalable goods and goods whose costs are not justified.
The most advanced business structures in the market have network organization,
that’s why currently one of the best forms of retail trade is retail networks. The scale
of leading enterprises and directions of their growth in the market let us refer to them
as to the key elements of the current organization of commodity circulation in
Ukraine, and that requires constant attention to the improvement of their activities. In
these circumstances, there is a need for continued research towards the development
of methods and tools to improve economic efficiency of these enterprises.
Ukraine's integration into Europe requires the transition to keeping accounting
records according to international standards, so that the financial statements on the
activities of companies are transparent and informative for foreign investors and can
open access for domestic companies to international capital markets.
Analysis of recent research and publications. The problems of stock
management are not new to the economic science, they are studied by different
directions of theoretical and applied economics [6]. A number of scholars had
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accounting and stock analysis as focus of their scientific attention. Among them there
are the following scientists: Azarian O. [2], Apopii V. [3], Kavun O. [9],
Valeeva V. [4], Kramarchuk S. [11], Nikitina O. [14], Vanyan P. [5],
Kytajchuk T. [10], etc. Despite their significant scientific achievements, these issues
still remain valid, and therefore need to further study.
Setting the objectives. The purpose is to study special features of accounting in
the retail network and to identify certain commodity groups to apply optimization
measures of stock management in the retail network.
The main material of research. In the conditions of market economy, the
driving force of development is the increase in the sales of goods and the
development of the retail market. That is why in leading countries of the world there
are supermarket chains that are clearly shaped and are constantly improving their
activities. When analyzing the retail market of Ukraine, it is expedient to define the
concept of "retail trade".
The word "retailing", translated from English, means “the activity of selling
goods direct to the public, usually in small quantities”. The concept originates from
the old French word "retailer", which is translated as "a part of something", "cut
something into pieces". This means that the retailer performs the function of
distributing a large volume of goods that they receive from manufacturers or
wholesalers, in small volumes in order to sell that to end-users [2]. Let’s look at the
following definitions of "retail trade" (table 1).
Table 1
The definition of “retail trade”
Author Definition
Azarian, A.K. [2] any business that focuses its marketing efforts on final customer
satisfaction by organizing sales of goods and services
Kavun O.P. [9] a type of business activity in the field of trade connected with the
sale of goods directly to the consumer for personal, household,
family, domestic use
Apopii V.V. [3] trade in commodities and provision of services to customers for
personal, family, domestic use which is not connected with
entrepreneurial activity
The national
standard DSTU
4303:2004 [13]
a type of economic activity in the field of goods turnover, which
covers buying and selling goods to the end user and providing
them with commercial services
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Source: authors summarized from these sources
Considering the above-mentioned interpretation of the term "retail trade", we
can say that it is an indicator of the economic relations of entities arising in the
process of buying and selling goods and services for personal non-commercial use
and is part of the institutional infrastructure and an element of logistics,
manufacturing and supply chain that connects producers of raw materials (products)
with the end consumer.
At the present stage of development of the economy of Ukraine retail market
plays one of the leading roles. In the current environment, it is impossible to imagine
retail sale of goods without special networks. Therefore, in the field of food retail
there have appeared supermarket chains of various types, selling goods of different
groups. But several decades ago the industry looked slightly different.
Let’s study the evolution of the retail industry in Ukraine (fig. 1).
Fig. 1. Evolution of retail trade of Ukraine
Source: compiled by authors on the basis of [22]
The market is dominated by large companies of organized marketing (70%), but
retail networks are inferior in this volume of trade industry, making up 44% of the
market share of organized marketing. Every year networks with a universal range of
products, where you can buy food, as well as household chemicals, clothing and
many other goods, are playing more and more important role in the retail market of
Ukraine.
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In recent years, the domestic retail commodity turnover is experiencing an
increase in monetary terms, but a decrease of consumption in quantitative terms
(fig. 2).
Fig. 2. Dynamics of retail goods turnover and average monthly wage
Source: constructed on the basis of [8]
The main reason for the growth of retail goods turnover in monetary terms is
instability of the national currency, its exceptional depreciation, since most often food
and non-food products are imported. It should be noted that this is also due to the fact
that Ukraine exports a significant proportion of its raw materials that comes back to
the country as finished products.
At the beginning of the year, the following retail networks were the largest in
Ukraine (Fig. 3).
Fig. 3. Number of outlets as of 01.01.2016
Source: constructed on the basis of [21]
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Thus, according to the number of outlets as of the 1st of January 2016, "ATB-
Market" is the leader, with its 786 outlets, "Silpo" takes the 2nd place (522 outlets),
and the third place belongs to "Nash Krai" (202 outlets), with the retail network
"Tavria" that closes the top ten (65 retail outlets).
International corporations are large unities of production, trading, transportation
or banking companies whose activities extend far beyond their home countries and
provide them with favorable positions in production, marketing, purchase of goods
and provision of services. Let’s look at the top 15 international corporations in terms
of commodity turnover in 2015 (table 2).
Table 2
Volume of commodity turnover of the largest retailers in the world in 2015
Rank Retailer Turnover, bln € Headquarters
1 Schwarz 86 Germany
2 Carrefour 67 France
3 Тesco 65 UK
4 Aldi 52 Germany
5 Меtro 51 Germany
6 ІКЕА 48 Germany
7 Rewe 44 Germany
8 E.Leclerc 44 France
9 Аuchan 37 France
10 ITM 34 France
11 Sainsbury’s 32 UK
12 Walmart 30 USA
13 Мigros 27 Switzerland
14 Моrrisons 22 UK
15 Мedia Markt 21 Germany Source: constructed on the basis of [1]
The largest retail companies in Europe are well-established in Western countries,
and the vast majority of them function in the food industry. Among the top 10, there
are five companies from Germany, four - from France and one - from the UK. The
undisputed number one is the German owner Schwarz-group. The Metro group,
Tesco, Carrefour follow the leader, all of them with a turnover of more than € 50
billion.
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Since the dynamics of retail turnover of Ukraine is determined not only by the
national currency depreciation, but also by the increase in GDP, with the information
concerning the forecast of the country's GDP in the future we can predict the volume
of commodity turnover. Fig. 4 shows the correlation of the retail turnover of Ukraine
with its GDP.
Fig. 4. Forecast of retail turnover of Ukraine on the basis of forecasted GDP
Source: constructed on the basis of [8]
Therefore, according to the received forecast, the retail turnover in 2016 will
increase. It should be noted that turnover forecasting gives us the opportunity to
assess consumer demand for products of a retail network, and thereby determine one
of the factors that affect the efficiency of its activities in the future.
Let’s consider the impact of changes in national retail turnover on the change in
the number of outlets of one of the leading retailers in Ukraine. The graph showing
the correlation of the change in the number of the points of sales of the retail network
and retail turnover can be seen below.
Fig. 5. Diagram of correlation of the number of outlets and retail turnover of
Ukraine Source: constructed on the basis of [8]
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Therefore, such macroeconomic indicator as the retail turnover has a significant
impact on the development of a retail network.
Sales activities in Ukraine are governed by the Laws of Ukraine "On
entrepreneurship" [19], "On protection of consumer rights" [17], "On foreign
economic activity" [18], "On consumer cooperation" [20].
Accounting and reporting in a retail network are based on the normative
documents that conform to the united methodological principles defined by the law of
Ukraine "About accounting and financial reporting in Ukraine" [15], Ukrainian
Accounting Provisions (Standards), the National Plan of accounts of accounting of
assets, capital, liabilities and business operations of enterprises and organizations,
legislative and regulatory assets, taking into account the specificity of trade
enterprises.
One of the special features of organization of accounting in sales is that the retail
turnover accounting is conducted in the monetary terms at retail prices, with the
exception of goods that require special control (jewelry, precious metals,
commodities accepted for commission, etc).
The first peculiarity of accounting in a trade enterprise is that it uses the account
"28" as the main one. The second special feature of accounting in retail is that all the
costs are concentrated in two accounts - the account 92 "administrative expenses" and
93 "marketing costs", where prime costs are concentrated.
Integration processes in Ukraine lead to the gradual unification of document
circulation, including the financial one. The quality of accounting and the level of
professionalism of auditing can affect the economic prosperity of an enterprise, that’s
why at commercial enterprises it is becoming more common to keep accounts in
accordance with the national and international standards.
Accounting according to the international standards provides access to
international capital markets, promotes building of trust and clarity among foreign
users.
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All leading stock exchanges - New York stock exchange, NASDAQ, London,
Tokyo and Frankfurt stock exchanges – a total of about 70 stock exchanges of 50
countries - require providing consolidated statements in accordance with IFRS.
In the comparative analysis of national and international standards the following
results have been found. While determining the value of inventory at the balance
sheet date, UAP(S) (Ukrainian accounting provisions (standards)) and IAS
(international accounting standards) agree completely. Inventories are recorded in
accounting and reporting at the lower of two estimates: initial cost or net realizable
value. Also, when determining the Net realizable value of inventories, we define it as
the expected selling price of inventories in the company’s ordinary activities, with the
deduction of the estimated costs of production and sales and while determining the
methods of disposal of stocks.
Fig. 6. Comparative analysis of merchandise inventory accounting
Source: constructed on the basis of [12; 16]
Since the article deals with the retail business, we can conclude that partial
discrepancies as for the scope of use do not have any significant differences that
could affect the company's reporting.
Merchandise
inventory
Coincides completely Coincides partially Is not the same
Inventory evaluation
at the balance sheet
date
Definying net
realizable value
Methods of
estimating the
disposal of stocks
Scope of use
Inventory
recognition
Classification of
reserves
Costs that are
not included in
the initial cost
Estimation of
merchandise
inventory at
arrival
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As for the recognition of reserves and their classification, UAP(S) 9 contains a
more detailed list of the assets, which are determined by the stocks. IAS 2 compared
with UAP(S) 9 does not identify the low value items and perishable goods as a
separate group of merchandise inventory. In UAP(S) 2 the professional opinion of the
accountant is important.
In both standards there is the list of expenses that are not included into the cost
of inventories and recognized as expenses of the enterprise (table 2).
Table 3
The costs which are not included in the initial cost
Costs that are not included in the initial cost of inventories
- limit-exceeding material waste,
expenses for labour remuneration or
other production costs;
- storage costs, except for those costs
which are a result of the production
process and are necessary in order to
prepare for the next stage of
production;
- administrative overhead expenses
that are not associated with the delivery
of stocks to their present location and
bringing them to their current state;
- sales expenses.
- limit-exceeding losses and shortage
of stocks;
- financial expenses;
- marketing expenses;
- general costs that apply to the
whole company and other costs that
are not directly associated with
purchasing and delivery of stocks and
bringing them to the state in which
they can be used for the planned
purposes.
Source: constructed on the basis of [12; 16]
Therefore, in accordance with IAS 2, storage costs (except the costs that are part
of the production process and are necessary to prepare for the next stage of
production) are excluded from the prime cost of stocks. The financial costs,
methodological basis of information formation, that is determined in accounting by
UAP(S) 31 "Financial expenses", are not included in UAP(S) [7].
Also, IAS 2 provides a chance to make a reserve for the depreciation of stocks
(especially the ones that are sold according to the fixed-price contract). UAP(S) 9
doesn’t have such provision. IAS 2 does not allow including into the cost of acquiring
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the stocks exchange rate differences arising from the latest acquisitions of stocks.
UAP(S) 9 has no provision like that, but in UAP(S) 21 "Exchange rate
differences" [4] this provision corresponds with IAS 2.
IAS 2 requires cancellation of depreciation losses when there are no other
reasons that could have caused the write-down of inventories. According to UAP(S)
9, in such case, the previously recognized expenses are not cancelled and recognized
as income.
The volume of inventory information which is under consideration is broader in
accordance with IAS 2 "Inventories" compared to UAP(S) 9. Thus, in the financial
statements, in accordance with IAS 2 "Inventories", it is necessary to show:
– the accounting policies, accepted for inventory estimation, including formulas
of the prime cost;
– the total balance sheet value of inventories and balance sheet value in
accordance with the classifications acceptable for the business entity;
– balance sheet value of inventories recorded at net realizable value;
– balance sheet value of inventories recorded at fair value with the deduction of
the costs to sell.
Trade industry during the financial crisis in Ukraine is characterized by the
increasing competition, the reduction of the range of products, the creation of new,
cheaper brands, which, in turn, leads to the necessity of the constant study of the
needs of customers and end-consumers.
Under such conditions, the retail enterprises have to make a decision about the
choice of goods that will be included in the range of sales [4]. The increase of sales
and enhancement of the efficiency of the product range is directly dependent on the
correct assessment of the profitability of each item, the absence of unsalable stock
and goods whose costs are not paid off.
Therefore, the primary important decision for any company is to define the
volume and the range of products which will be sold [11].
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In order to determine and form the product range, without the goods that are not
sold in the market or are in little demand, and to include the products that will sell
well and earn significant profit, different models are used [4].
Traditional analytical models are based, firstly, on ABC analysis, and secondly,
on the formula of the optimal EOQ (economic order quantity) and, finally, on the
assumption that all random processes can be described with the standard distribution
(Gaussian distribution) [5].
The ABC analysis makes it possible to form a plan for the replenishment of
stores, optimum stock level, and prevention of shortages and high volumes of stock.
All merchandise stock was divided into 27 groups: cereals and legumes, cognac,
champagne, beer, cookware, home appliances and other non-food products, sausage
products, milk, dairy products, canned food, canned fruit, confectionary, tea, coffee,
baked goods, wine, soft drinks, ice cream, other food products, household chemicals,
household goods, meat and poultry, fish, fruits, berries, vodka, low-alcohol
beverages.
According to the analysis, the following stock items belong to the category A:
bakery products, cereals and legumes, milk, dairy products, confectionery, sausage
products, ice cream, wine and vodka, which is 18.73% of the product range and
77.54% of the sales volume; mainly, these are essential commodities. The group B
includes eight stock items, which makes up 31.8% of the total quantity and earns
16.8% of the gross revenue of a company. The group C consists of a bigger number
of items and produces the smallest part of revenue.
It is advisable to draw up an inventory for the category A goods at least once per
quarter. It is necessary to constantly monitor the demand for such commodities,
volumes of the goods ordered, size of the reserve stock, time for the stock turnover.
The products of B category are subject to application of the same measures as are
applied for the goods of category A, though they take longer to apply. For the
products of C category, the volumes of the part of order and the reserve stock can be
significant, as the storage of the large quantities of goods in this category does not
entail significant costs.
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Another method of analysis used with the aim to analyze the current and
previous periods of goods turnover, as well as with the aim to predict the stability of
sales of certain goods and fluctuations in the level of consumption is the XYZ
analysis. The analysis of goods turnover in 2015 is the following (table 4).
Table 4
Analysis of goods turnover using XYZ-analysis
Product category Group
Meat and poultry, Fish, Fruits, Berries, Vodka, Alcoholic beverages X
Sausage products, Milk, Dairy products, Canned food, Canned fruit,
Confectionary, Tea, Coffee, Baked goods, Wine, Soft drinks, Ice cream,
Other food products, Household chemicals, Household Goods
Y
Cereals and legumes, Cognac, Champagne, Beer, Cookware, Electric
appliances, and Other non-food products Z
Source: compiled by authors
Thus, category X includes the products that are characterized by the stable
volume of goods turnover and high chances of its forecast. The deviation from the
average commodity turnover is insignificant. The fluctuations in demand are
inconsiderable, respectively; it is possible to form optimal reserves of these products.
These items include meat and poultry, fish, fruits, berries, vodka, low-alcohol
beverages.
Category Y includes products with fluctuations in demand and average sales
forecast, namely, these are sausage products, milk, dairy products, canned food,
canned fruit, confectionary, tea, coffee, baked goods, wine, soft drinks, ice cream,
other food products, household chemicals, household goods.
Category Z includes goods with irregular consumption, the lack of clear trends
in commodity turnover changes, and the accuracy of the volume of commodity
turnover forecast is low. This category includes cereals and legumes, cognac,
champagne, beer, cookware, electric appliances, and other non-food products.
As a result of combining the results of ABC analysis, conducted having in mind
such a parameter as the volume of commodity turnover, and XYZ-analysis, there are
9 groups of items depending on the degree of their influence on the final result and
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15
stability and predictability of this result. Therefore, let’s look at the matrix of the
combination of ABC-analysis and XYZ-analysis (table 5).
Table 5
Matrix of ABC-XYZ-analysis
Group А В С
X Bakery products,
Vodka
Meat and poultry,
Fish
Alcoholic beverage,
Fruits, berries
Y
Sausage products,
Milk, Dairy products,
Confectionary, Soft
drinks, Ice cream,
Other foodstuffs,
Household chemicals
Wine, Cognac, Fish,
Tea, Household
chemicals
Canned food, Champagne,
Canned fruit and berries,
Coffee, Household
products
Z Cereals and legumes,
Cognac Beer
Other non-food products,
Cookware, Champagne,
Electrical Goods Source: compiled by authors
As a result of combining the results of the ABC analysis conducted having the
parameter of the volume of commodity turnover in mind and XYZ-analysis, the
products were divided into 9 groups of depending on the degree of influence on the
final result and the stability and predictability of this result. Thus, there was formed
the matrix AX, AY, АZ. Such goods include: bakery products, cereals and legumes,
milk, dairy products, soft drinks, other foodstuffs, ice cream, pastry, sausage
products, vodka. These goods require the most attention from a logistical point of
view; they require careful planning, standardization of stock, daily accounting and
control, constant analysis of deviations from the planned indicators. Individual
management methods are applied to these categories. As for the categories BX, BY
and BZ, they include wine, meat and poultry, cognac, fish, beer, tea, household
chemicals. They also require an individual approach for decision-making. The goods
of CX, CY and СZ groups are alcoholic beverages, fruits, berries, canned food,
champagne, canned fruit, electrical appliances, coffee, cookware, household goods,
other non-food products. The products of these groups must be constantly monitored,
since they are the ones that could be non-sellers and the company makes losses
because of them, that’s why it is necessary to avoid overstock of them.
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16
Conclusions of the study. A detailed study of international and national
standards showed that there are a number of distinctive features: in terminology,
classification of reserves, assessment of stocks and their receipt, displaying
information about stocks in the financial statements.
Sales in the times of financial crisis in Ukraine are characterized by increasing
competition, reduction and change in the product range. Therefore, the analysis of the
optimum product range was carried out on the basis of ABC and XYZ analysis and
the recommendations for stock management were developed. Their implementation
will help to forecast sales, to reduce the risk of disruption of the activities of the
enterprise and increase the efficiency of the enterprise stock management.
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naukovykh prats], no. 3 (3), pp. 38-50.
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17
7. Hutsul, І. (2008), “Marketing tools of managing sales of goods of
wholesalers”, Ekonomіchnyi analіz : [zbirnyk naukovykh prats], Iss. 3 (19), pp. 156-
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UDC 338.24:636 Ibatullin M.I.,
cand. econ. sc., assoc. prof.,
National University of Life and Environmental Sciences of Ukraine
STATE SUPPORT OF PIG BREEDING IN UKRAINE: CURRENT
STATE AND DEVELOPMENT PROSPECTS
Current economic conditions for market functioning of pig production requires
strengthening the state's role as an important factor in achieving economic growth
and increasing social stability in the countryside.
http://zakon3.rada.gov.ua/laws/show/z0751-99http://zakon3.rada.gov.ua/laws/show/z0751-99http://www.zakon.rada/http://www.zakon.rada/http://www.zakon.rada/
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19
Taking into account the country's international obligations, the limitations of
state budget, the achieved level of pig production and real purchasing power of the
population, there is an objective need for a balanced and systematic approach in using
the levers of economic regulation of the researched market, which would help
neutralize and mitigate the negative effects of the market mechanism, the creation of
conditions for long-term economic growth and providing food security of the
country.
Numerous publications of scientists, economists and managers of agricultural
enterprises indicate the need for continued action for support of the mechanism of pig
producers as one of the levers for removing social tensions in the countryside.
The aim of the article is the development of theoretical principles and practical
recommendations for the formation of an effective system of state support for pig
producers.
The following general scientific methods are used during the study, as analysis
and synthesis, induction and deduction. In particular, the mechanism of VAT refund
in the form of state support for agricultural enterprises through the analysis and
synthesis of the study; through methods of induction and deduction by prospects of
development of pig industry in Ukraine.
It is established that the mechanism which operated until 2010, ensured
transparency in the return of VAT in the form of state support for agricultural
enterprises and towards households a zero rate is used, which stimulated them to
increase sales volumes.
It is proved that the current procedure of government support in the form of
VAT refund is complex and opaque. As a result, processors the enterprises are
delegated the right of calculation and allocation of public resources, formed at the
expense of value added tax, from the sale of products made from pork put in live
weight by agricultural producers.
The basic reasons for ineffectiveness state support, which included
compensation of interest on loans to agricultural producers, which operated until
2012, are highlighted.
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20
It is determined that the mechanism of state support of agricultural commodity
pig production requires the complex formation to enhance the production of pig
production in all categories of agricultural producers.
The mechanism of state support of agricultural commodity of pig production is
substantiated, which involves the introduction of a zero VAT rate for all categories of
agricultural producers and the introduction of direct budgetary grants for the
implementation of heavy pig private households.
The obtained results are of research; including the proposed use of the need to
use of public support through the use of “zero rate” of VAT, promote the formation
of an effective mechanism to stimulate the production of pig production in both
agricultural enterprises and private households.
References
1. Nesterenko, S.A. (2015), “The development of pig industry in the agricultural
enterprises”, Visnyk Berdianskoho universytetu menedzhmentu i biznesu, no. 1 (29),
pp. 80-86.
2. Andriievskyi, V.Ye. et al. (2008), “State support of the livestock industry in
line with WTO requirements”, Naukovo-praktychnyi zbirnyk “Posibnyk ukrainskoho
khliboroba”, pp. 274-289.
3. Chystov, S.M., Nykyforov, A.Ye., Kutsenko, T.F. ta in. (2010), Derzhavne
rehuliuvannia ekonomiky [State Regulation of Economy], tutorial, 2nd edition,
corrections and additions, KNEU, Kyiv, Ukraine, 440 p.
4. Betlii, M. (2006), Ahrarnyi sektor Ukrainy na shliakhu do yevrointehratsii
[The agrarian sector of Ukraine on the way to the European integration], monograph,
IVA, Uzhhorod, Ukraine, 496 p.
5. Sus, L.V. (2014), “State of the state financial support of animal production in
Ukraine”, Visnyk ZhNAEU, no. 1/2 (43), vol. 2, pp. 186–193.
6. Svynous, I.V. and Pidhornyi, A.V. (2014), “Current status and problems of
production of pig breeding at the agricultural enterprises of Ukraine”, Innovatsiina
ekonomika, no. 6 (55), pp. 77-81.
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21
7. Orel, V.M. (2014), “Assessment of the present state and prospects of
development of regional market of meat and meat products”, Ekonomichnyi analiz,
no. 3, pp.70-74.
8. Salamin, O.S. (2013), “The development of agriculture as a result of market
regulation and of state regulatory impact”, Naukovyi visnyk Lvivskoho natsionalnoho
universytetu veterynarnoi medytsyny ta biotekhnolohii imeni S. Z. Hzhytskoho, Seriia
Ekonomichni nauky, vol. 15, no. 2 (56), pp. 355–362.
UDC 339.13:631.173
Skotsyk V.Ye.,
cand. agricul. sc., doctoral candidate at the
department of accounting and of taxation,
Bila Tserkva National Agrarian University
THEORETICAL AND METHODOLOGICAL PRINCIPLES OF
MARKET FUNCTIONING OF AGRICULTURAL MACHINERY
The most important part of market resources for agricultural production is
market of agricultural machinery because the formation of the most important parts
of fixed assets of agriculture – its technical base depends on the level of its
functioning.
The aim of the article is thedevelopment of theoretical, methodical positions
and practical recommendations on the functioning of the market of agricultural
machinery.
General scientific methods are used during the study, in particular; analysis and
synthesis – during the study of the functioning of the market of agricultural
equipment; the method of induction and deduction – in determining the prospects of
development of technology in agriculture.
It is revealed that the level of the development of the agricultural machinery
influences the technical base of agricultural production through price level on
technology, their compliance with the purchasing power of rural producers, and weak
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22
market development is its monopolization group of large suppliers that consumers
dictate prices and delivery terms.
It was established that during the development process of the agricultural
machinery should take into account the specific of economic situation of agriculture
complex and tendencies of its development and the state of technology and features
to ensure agricultural producers.
It is proved that the most important factor influencing the process of providing
technology is natural and climatic factor that determines the final results of
production (natural process, weather conditions, seasonality of production, etc.).
Market agricultural machinery for a long time is at the stage of development
and has not yet meet the demands of its main participants - rural producers and repair
and technical enterprises as not fulfilling one of its most important tasks - specifically
to bring together all those who want to buy and sell the agricultural machinery, to
ensure economic parity for buyers and sellers, agreements on transparent and
mutually agreed terms.
Manufacturers of many important species and standard sizes of agricultural
machinery (combine harvesters, tractors, etc.) are monopolists on the market of
agricultural machinery.
It should be noted that competition from foreign producers of machines
enhanced in recent years. Regarding regional sellers (domestic manufacturers and
independent distributors and dealers), thus certain types of equipment both domestic
and foreign, they have a monopoly in the area of their activities, as well as technical
repair on local and regional markets a range of services and other products.
Development of strategic decisions on the formation of the market of
agricultural equipment should be based on a systems approach, since only under this
condition will be ensured obtaining maximum economic, organizational and
management effect from their implementation.
Suggestions to develop the theoretical and methodological principles and
practical recommendations on the functioning of the market of agricultural machinery
are substantiated.
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23
The study of peculiarities for functioning the agricultural markets of
technology strategy and development of the agricultural enterprises taking into
account these features will increase their current activities and provide them with
protection from adverse changes of environmental factors functioning.
References
1. Satyr, L.M. (2013), “Organizational and economic aspects of the logistics of
agricultural enterprises”, Ahrosvit, no. 3, pp. 6–9.
2. Ivanyshyn, V.V. (2011), Orhanizatsiino-ekonomichni zasady vidtvorennia i
efektyvnoho vykorystannia tekhnichnoho potentsialu ahrarnoho vyrobnytstva
[Organizational and economic principles of reproduction and effective use of
technical potential of agricultural production], monograph, NNTs “IAE”, Kyiv,
Ukraine, 348 p.
3. Burkovskyi, I.D., Harkusha, O.M., Honcharenko, I.V. et al. (2000),
Osnashchenist ahrarnoho sektoru APK tekhnikoiu ta zabezpechennia efektyvnoho yii
vykorystannia v umovakh stanovlennia rynkovykh vidnosyn [Equipping of agrarian
sector AIC of machinery and ensuring its efficient use in the conditions of formation
of market relations], IAE UAAN, Kyiv, Ukraine,184 p.
4. Ivanyshyn, V.V. (2011), “The development and functioning of the market of
technical means for the agriculture of Ukraine”, Ekonomika APK, no. 3, pp. 78–82.
5. Lutsenko, O.A. (2013), “Problems of formation of logistical support of
AIC”, Zb. nauk. pr. Tavriiskoho derzhavnoho ahrotekhnolohichnoho universytetu,
no. 1 (1), pp. 311–316.
6. Naumenko, V.O. and Naumenko, I.V. (2013), “Assessment of the current
state of security of the agricultural enterprises of Kharkiv region logistical
resources”, Visnyk Kharkivskoho natsionalnoho ahrarnoho universytetu im. V.V.
Dokuchaieva, Ser.: Ekonomichni nauky, no. 6, pp. 139–145.
7. Mohylova M.M. (2016), Osnovni zasoby silskohospodarskykh pidpryiemstv:
stan, otsinka, vidtvorennia [Fixed assets of the agricultural enterprises: condition,
evaluation, reproduction], monograph, NNTs “IAE”, Kyiv, Ukraine, 404 p.
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24
8. Bilousko, Ya.K., Tovstopiat, V.L., Mohylova, M.M. et al. (2008), Rozvytok
rynku silskohospodarskoi tekhniky [Development of Agricultural Machinery Market],
NNTs “IAE”, Kyiv, Ukraine, 132 p.
UDC 338.439.02
Kundieieva H.O.,
cand. econ. sc., assistant professor of department of economic theory,
National University Foods Technology
FOOD SECURITY AND SOCIO-ECONOMIC DEVELOPMENT OF
THE COUNTRY
Transformation of the Ukrainian economic system brought up a task of
ensuring national security in all its aspects, including food security. There are various
approaches to the definition of food security, namely: philosophical approach, object
approach, from a position of responsibility, philological approach. However, we
propose to determine it by political economy approach, based on the vital importance
of food for man, and the fact that in the complex structure of modern economic
theory only political economy gives the underlying vision of economic
developmentОшибка! Источник ссылки не найден.. This has allowed us:
- to introduce the term "political economy of food" as the science of laws of
development and management of production, distribution, exchange, and
consumption of food in a particular historical-institutional context;
- to provide the definition of food security – state of the economy, in which a
set of socio-economic relations of all economic actors in order to ensure food
products is a guarantee of compliance of consumption amount (both in quality and
quantity) to the physiological norms, which provides nation's health and active
working life and ensuring of maximum life expectancy.
This approach make it possible to determine responsibility in food security
ensuring not only at the State level, but also at the level of enterprises (food
producers and distributors) and consumers. This definition gives us a possibility to
specify responsible ones for: availability of food – enterprises, State; stability
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25
ensuring – State, enterprises; availability – due to low personal income we believe
that the main role belongs to the State (defining of social guarantees minimum), and
the second role – to the manufacturer; usage – consumers, enterprises, State; this
sequence we explain due to the fact that the consumer has to shape the demand on
food market, and in accordance to this the State should decide what contributions and
benefits the consumer or manufacturer would gain. Responsible attitude to health
should become a forming element of the demand on the food market.
Mechanisms of impact of health on the economy and, in the long term, on the
economic growth consist of: improving of work productivity, increasing the work
offer, improvement of employees' professional skills due to high-quality of education
and training, increasing of savings that you can invest in the physical and intellectual
capital. However, the management of health resource is impossible without its prior
assessment. The peculiarity of concept of health is that it is extremely difficult to
quantify, even on an intuitive level, everyone has his or her own ideas what does it
mean.
In our opinion, to assess the public health we need to use indicators that would
determine health in the context of food security, above all, healthy life expectancy
and mortality from diseases, which are significantly affected by the food and culture
of food.
In order to determine the nature of the relation between the population health
and GDP dynamics we studied the dependence between GDP and life expectancy
(the result is a direct strong dependence), the number of the dead (the result is the
inverse of the strong dependence); the dependence between change in GDP and
natural increase/decrease of the population (there is no dependence). Nation's health
strengthening, namely: increasing of life expectancy and reducing of number of dead
are the additional factors in the economic growth of Ukraine. Based on the principles
of food safety we investigated the relationship between life expectancy (both sexes)
and caloric value of daily diet and caloric value of food products of animal origin that
are consumed per day. According to the obtained dependence: if a person would be
able to consume the physiological norm of calorie of animal origin, then the forecast
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26
for the life expectancy is 78.1 years (in 2015 life expectancy of average Ukrainian
was 71.38 years, and level of calorie consumption of food products of animal origin
was shrunk almost to the level of 2009).
Significant influence of food consumption on human health transforms the
problem of food into the most urgent global problem of humankind, not only as a
demographic, but as economic one as well, primarily because growth of the life
expectancy causes the GDP growth of the country. Ukrainian Government should
take a slogan "healthy economy – healthy country – healthy people" as a strategic
goal of the country development.
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problemy i puti ikh resheniia [The National Food Security: Challenges and Solutions]
Izdatelstvo FGUP «VO Minselkhoz Rossii», Moscow, Russia, 159 p.
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Agriculture for Development, London, Great Britain, 205 p.
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4. Ortega, Kh. (1989), “Revolt of the masses“, Voprosy filosofii, no. 4, pp. 114-
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5. Marshall, A. (1993), Printsipy ekonomicheskoy nauki [The principles of
economics], Progress, Moscow, Russia, 594 p.
6. Bloom, David E., Canning, David and Jamison, Dean T. (2004), “Health,
wealth and welfare”, Finance and development, no. 41, pp. 10-15.
7. Prokhorov, B.B., Gorshkova, I.V., Shmakov, D.I. and Tarasova, E.V. (2007),
Obshchestvennoe zdorove i ekonomika [Public health and economy], MAKS Press,
Moscow, Russia, 292 p.
8. Glossariy terminov po voprosam ukrepleniia zdorovia (1998), [Glossary of
Health Promotion], Geneva, Switzerland, 48 p.
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27
9. Ofitsiinyi sait Derzhkomstatu Ukrainy [The official site of the state statistics
service of Ukraine], available at: http://www.ukrstat.gov.ua (access date December
16, 2016).
10. Kabinet Ministriv Ukrainy (2011), Zdorovia – 2020: ukrainskyi vymir
[Health - 2020: Ukrainian Dimension], Rozporiadzhennia Kabinetu Ministriv
Ukrainy dated 31.10.2011 no. 1164-p, available at: http://w1.c1.rada.
gov.ua/pls/zweb2/webproc4_1?pf3511=49269 (access date December 16, 2016).
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available at: www.euro.who.int/pubrequest (access date December 16, 2016).
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report FPR about food policy”, available at:
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2016).
13. Tutelian, V.A., Vialkov, A.I., Razumov, A.N. et al. (2010), Nauchnye osnovy
zdorovogo pitaniia [Scientific basis for a healthy diet], Izdatelskiy dom «Panorama»,
Moscow, Russia, 816 p.
14. Zubar, N.M. (2010), Osnovy fiziolohii ta hihiieny kharchuvannia, [Basic
physiology and nutrition hygiene], textbook, Tsentr uchbovoi lsteratury, Kyiv,
Ukraine, 336 p.
15. Zdorovoe pitanie – problema ukrainskoi natsii [Healthy Eating - the problem
of the Ukrainian nation], available at: https://peoplefirst.org.ua/uk/articles/healthy-
nutrition-the-problem-of-the-ukrainian-nation (access date December 16, 2016).
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[Physiological aspects of digestion], Akademiia standartizatsii, metrologii i
sertifikatsii, Moscow, Russia, 63 p.
http://www.fao.org/docrep/meeting/026/MD776R.pdfhttps://peoplefirst.org.ua/uk/articles/healthy-nutrition-the-problem-of-the-ukrainian-nationhttps://peoplefirst.org.ua/uk/articles/healthy-nutrition-the-problem-of-the-ukrainian-nation
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UDC 330.1:330.342+316.42
JEL: А14, В41, N01, О15, Р51
Shevchyk B.M.,
econ. sc., assistant professor of department
of theoretical and applied economic,
Lviv University of Trade and Economics
LOGIC OF THE WAVE: PASSIONARY AND ENTROPY IN THE CYCLE
OF ECONOMIC DYNAMICS
The research is devoted to the analysis of the nature of an economic cycle, the
dynamics of which is affected by socio-cultural processes. The culture is seen not
only as an integrative system that sets values and goals, but as a bipolar field of the
paternal ensemble of social reproduction projects. The bifurcation, which causes the
wave deployment, is the embodiment in the form of a paternal project of socio-
economic reproduction of an innovative and paradigm project of the socio-economic
development. The process of innovation diffusion, though it is a contour of
intensifying feedback of economic growth, actually starts three entropy phases of the
economic dynamics cycle: fracture, inertia and obscuration. The authors ground the
mechanism of entropy, which is manifested both at the microeconomic level of basic
paternal business-triads functioning and at the macroeconomic level of the paternal
triad: “power – wealth – knowledge”. Each micro- and macro- paternal triad has a
universal structure, including an organizational pattern, a pattern-amplifier and a
homeostatic pattern. Since the latter one provides a goal achievement, it acquires the
status of an organizational one, further ensuring profitability by replacing ligatures
with simulacra in the field of catallaxy influenced by the profit rate reduction through
innovation mimesis. Being an innovative project in the beginning, materialized in the
accumulation of industrial capital, an economic cycle evolves in a pattern-
simulacrum phase of financial usury at the microeconomic level and is modified in
the obstructive phase in an extractive self-reproductive closed socio-economic
system. At the mega-economic level this system is crystallized in an entropy global
chiliastic project that self-reproduces due to the action of an “iron law of oligarchy”
regardless of rotations of pro-government opposition elites.
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29
The historical duration of an obstructive phase is caused by the volume of
passionate energy capable of producing innovative cognitariis performing not only
structural, but also essential changes of existing forms of economic nature. These
essential changes occur in the regeneration phase of the cycle of socio-economic
dynamics and mean: at the mega-level – the implementation of a noumenal and
ideation, innovative and paradigm project of the alternative economic development;
at the macro-level – the activation of a “knowledge” pole in the macro-paternal triad
in the status of an organizational one; at the meso-level – the institutionalization of
the inclusiveness of cognitive resources; at the macro-level – the recognition of the
subject of new combinations in the status of an organizational pattern of the basic
business-triad of economic reproduction.
The paternal practices of economic systems in polarized socio-cultural space
are considered. The fluctuations of economic systems are grounded by simulacrum
accumulation in paternal modeling of socio-economic reflection due to the
substitution of an integrative pater for his antipode. Neo-economy is defined as a
paradigm design of ideation culture where the essential basis of the word’s value as a
commodity is its ontological novelty. The scientific novelty of the research lies in:
firstly, the definition of an entropy mechanism of pattern substitution in the structure
of business triads; secondly, the definition of the space of socio-cultural fluctuations
as a prerequisite for the essential changes of the functioning of economic systems;
thirdly, the hypothesis development that the noo-economy of ideation culture arises
as a result of the modifications of a cognitive cover of a paternal core and is
accompanied by the emergence of such a variant of catallaxy where the source of the
information product value is the essence dimension of being narratives given through
noumenon-concept and expressed by a sign-image-mediator in the structure of a
word-symbol of the ideation culture. The practical significance of the theoretical
results lies in the fact that the consideration of socio-cultural characteristics of
fluctuations in economic development processes minimizes those externalities that
reproduce the vicious circles of economic extractions, increasing economic
contradictions.
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30
The hypothesis of probability of the cognitive noo-economy as an ideation
socio-cultural project is developed, where the market value of the word as the main
product of manufacturing of the information economy will be determined by the
ontological novelty of a noumenal concept given for knowledge through an image-
mediator.
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31
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ІI. Economy and enterprises management
UDC 65.011.1:658.152
Bakay V.Y.,
cand. econ. sc., assistant professor of department
of business economics and entrepreneurship,
Khmelnitsky National University
STRATEGY OF THE SUSTAINABLE DEVELOPMENT OF THE
ENTERPRISE TAKING INTO ACCOUNT THE LEVEL OF ITS ECONOMIC
SECURITY
Contemporary economic conditions necessitate changes in the strategies of
business development, in connection with which the primary objective is the
formation and development of theoretical and methodological basics of
management and strengthen the strategic economic security of the enterprise,
which is based on a conceptual representation of the organization as a functioning
business model. In conditions of Ukrainian reality, any company in need of such
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33
transformation of the management system, which would allow to realize the
program of economic growth, increased economic security through the creation of
flexible system of response to external and internal threats to business
development.
After determining the level of economic security of the enterprise in context
of sustainable development strategies required to seek and establish strategic
vision, by which we mean the ability of the company to maintain and increase the
economic security of their systems at the expense of internal reserves, i.e. to make
the transition from a lower security level to higher, changing the field of economic
security:
1. Area of critical economic security characterizes the status of the company is
below the critical level of security. Should apply recovery strategy safe condition
or liquidation of the company.
2. Field low economic security characterizes the condition of the enterprises
above the critical level, but below the frameworks lowest level of economic
security. Used recovery strategy safe condition.
3. The normal field of economic security is characterized by the condition of
the enterprise is above the low level but below the framework parameters of the
normal level of economic security. Use the strategy of neutralization of the existing
threats.
4. The field of high economic security is framed with normal and high levels
of economic security. Applies the strategy to prevent the escalation of destabilizing
factors in the threat.
5. In addition, there should be a limit to the economic security of the
enterprise, which defines a maximum high security.
So, the next stage of implementation of the strategy is to assess different
strategic perspectives in relation to the fields of security that are possible options
for strategic management of prospective development of the enterprise at the
expense of internal reserves. Such reserves we propose to find, based on the
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34
solution in terms of system dependencies the main components of the strategic
economic security of enterprise (business processes, finances, contractors and
staff) the main most dangerous of threats to economic security. To do this, select a
specific enterprise development strategy, worked out the mechanism of its
implementation. From the above comes the concept of the sustainable development
strategy of the enterprise based on the level of its economic security.
In this approach, the complete vision of the entire process of strategy
formation. This concept allows for a high level to organize and direct all work on
the formation and implementation of strategy in a single direction, concentrate all
resources on achieving the intended long-term goals, and to ensure the
involvement of as top management staff and middle managers, ordinary workers,
which reinforces the interest of the latter in providing better results and creates a
sense of involvement in the achievement of common corporate goals.
Thus, enhancing the strategic economic security of enterprises can be
achieved through the implementation of programs that allow you to change the
security fields with a low (unsafe) at the highest (safe), which cover all the
necessary measures, contain plans for the elimination of unprofitable enterprises,
creation of a flexible production structure, restructuring of supply chains and sales,
the efficient use of capacity, the correctly chosen strategy of sustainable
development. While important to development, implementation and monitoring of
the process of formation of strategy of development of the enterprise taking into
account its level of economic security that will ensure a systematic assessment,
analysis, and control of the decisions and changes happening in the enterprise.
References
1. Azarova, S.P. (2010), “Deploying enterprise development strategy based on
the balanced scorecard”, Problemy ekonomiki, finansov i upravleniia proizvodstvom,
no. 29, pp. 91-95.
2. Andreeva, A.A. (2010), “Types and elements of strategy of development of
the enterprise”, Vestnik Volzhskogo universiteta im. V.N. Tatishcheva, no. 20, pp.
186-192.
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35
3. Kogdenko, V.G. and Melnik, M.V. (2012), Upravlenie stoimostiu kompanii.
Tsennostno-orientirovannyi menedzhment [The company's cost management. Value-
oriented management], YuNITI-DANA, Moscow, Russia, 447 p.
4. Lokhanova, N.V. (2005), “The control system as economic security of
enterprise: problematic issues, the concept of development”, Ekonomіst, no. 2, pp.
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textbook, Ekonomіchna dumka, Ternopіl, Ukraine, 390 p.
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biznesa: analiticheskiy spravochnik [Business Strategy: Analysis Handbook],
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economic security on the enterprises of Ukraine”, Ekonomіka ta upravlіnnia
pіdpryiemstvamy mashynobudіvnoi haluzі: problemy teorіi ta praktyky, no. 3(23), pp.
57-66.
8. Frolova, V.V. (2009), “Systematics approach to the classification of the
enterprise development strategies”, Vestnik Volzhskogo universiteta im. V.N.
Tatishcheva, no. 17, pp. 28-37.
UDC 330.101.5:330.131.7:330.34:658:339.944
Dub B.S.,
graduate student at the department
of management and economic security,
Bohdan Khmelnitsky National University of Cherkasy
INTEGRATION AND SYNERGY OF MANAGEMENT TYPES FOR
IMPROVING ENTERPRISE ECONOMIC SECURITY SYSTEM
The quality of management influence efficiency of production, the reputation
of the organization, customer satisfaction, economic security of enterprise and state.
In the current market conditions, the need for management of economic security
system is not in doubt, and it is necessary to develop a clear theoretical basis and
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36
identify best practices. Purpose of scientific article is Justification theoretical-
methodological and practical framework for integration, synergistic management to
improve the system of enterprise economic security. Monographic method was used
to determine the available ways to create an integrated management system;
theoretical generalizations, synthesis and analysis, graphical method were used to
justify all kinds of models to integration management for a positive synergistic effect
in improving the enterprise economic security.
For cooperation with foreign organizations, access to international markets
implementation of an integrated management system is a necessary step. Successful
certification helps to ensure quality assurance for not only products, but also the
company and its staff. The integrated system provides advantages in management of
quality, environmental friendliness, personnel and industrial safety, human resources,
finance, information, risk and security. This definite way integrated management
system helps to solve the strategic task of increasing the company's market value and
generally increases competitiveness.
It was proved that the management integration became demand to the company
survival. There are determined several international standards that can be used in the
formation of integrated management systems, but none of them takes into account all
existing types of management.
We emphasize the importance of taking into account all types of management
in governance of enterprise economic security system – a comprehensive study of
threats in all functional components helps protect enterprise in the most reliable way.
After all, every time each management decisions have an impact on all areas of the
company - financial, human, information, material and other resources. And the
inclusion of risk management to integrated system is necessary.
There was developed author's model of integration management types to
ensure enterprise economic security that unlike existing ones, considers the aspect of
protection against threats and combines all kinds of corporate governance that
promotes synergetic effect. Shaped approach to integration of management types to
ensure enterprise economic security - the main are risk management, financial, crisis
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37
and strategic management, to which are added all kinds affecting various aspects of
the organization (human resources, manufacturing, information management, etc.).
Thus in general, it is important not only to combine (synthesize) the types of
management, but also to achieve the desired results, successfully implement the
strategy of the company, to provide a positive synergistic effect of co-operation of all
subsystems of the company (to build a “"fence” for “building” - a system of
economic security). Synergetic effect is that the individual elements together reach a
larger, better results than could alone (so called “1 + 1 = 3” – the whole is more than
the sum of parts). One of the prerequisites for this are using all available resources:
financial, human, information, etc., and agreed coordination of all actions.
Integrated management system created by the proposed model promoting the
economic security of the enterprise may be used in enterprises of any industry and
scale, as in some way these types of control are used everywhere and in all
circumstances, and their purposeful integration improves state of enterprise economic
security system.
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http://www.integrated-standards.com/ims-benefits/ (access date December 10, 2016).
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HarperBusiness, New York, USA, 224 p.
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10. Lukianenko, V., Halych, I. and Zhylina, O. (2012), “Introduction of
integrated management systems in the interprises of Ukraine”, Standartyzatsiia,
sertyfikatsiia, yakist, no. 1, pp. 58-61.
11. Lukianenko, V.M., Halych, I.V. and Afanasieva, O.V. (2011), “Integrated
Management System”, Yakist tekhnolohii ta osvity, no. 2, pp. 67-70.
12. Luchyshyna, K.L. (2010), “Basics of creating an integrated system of quality
management at agricultural enterprises”, Ahrosvit, no. 21, pp. 56-60.
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management species”, Mezhdunarodnyy zhurnal eksperimentalnogo obrazovaniia,
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synergy in business management”, Molodyi vchenyi, no. 11 (2), pp. 150-156.
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synergies in the enterprises management”, Ekonomika promyslovosti, no. 1-2, pp.
202-214.
https://www.nsf.org/newsroom_pdf/Standard_Synergy_White_Paper.pdfhttp://www.techstreet.com/standards/the-integrated-use-of-management-system-standards?product_id=1571708#producthttp://www.techstreet.com/standards/the-integrated-use-of-management-system-standards?product_id=1571708#product
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39
UDC 336.144.2:658.15
Nestor O.Yu.,
graduate student at the department of finance, monetary circulation and credit,
faculty of economics,
Ivan Franko National University of Lviv
MODERN FEATURES OF FORMATION OF FINANCIAL STRATEGY OF
UKRAINIAN ENTERPRISES
Purpose is studied the nature, objectives and features of the modern
development of the financial strategy of economic entities of Ukraine.
To solve the problems raised in the study used the general scientific and
specific methods of scientific knowledge: tabular method (for visual presentation of
the results of the study), methods of induction and deduction (definition of the nature
of basic terms), the method of dialectical cognition (the study of financial strategy of
Ukrainian enterprises), methods of theoretical generalization and system analysis (for
systematization of approaches to financial strategy).
It is proved that the financial strategy plays a key role in determining the trends
of the enterprise’s financial status and their future financial opportunities. Through
effective financial strategies entities provide a competitive advantage in the market
and, consequently, increase profitability and market value.
The following definitions are proposed: financial strategy is one of the most
important functional strategies, which is a set of actions to achieve the financial goals
of economic and efficient use of resources; synergistic effect of the financial strategy
– the conformity of goals and objectives of the financial strategy with the general
strategy of enterprises, and the result is improving both the financial and general
strategy effectiveness.
Results of the study can be used by scientists and practitioners to deepen
understanding of the nature of the financial strategy and