The Methods for Evaluating the Economic Behavior of Industrial Enterprises in the Context of Neo-Industrial Modernization

• Main Author: Protsenko Valentyna M.
• Format: Article
• Language: English
• Published: Research Centre of Industrial Problems of Development of NAS of Ukraine 2020-02-01
• Series: Bìznes Inform
• Subjects: industrial enterprises; evaluation of economic behavior; methods; neo-industrial modernization
• Online Access: https://www.business-inform.net/export_pdf/business-inform-2020-2_0-pages-259_265.pdf

The article is aimed at analyzing the methods for evaluating the economic behavior of industrial enterprises in the context of neo-industrial modernization. It is defined that in the context of neo-industrial modernization, industrial enterprises need to respond quickly to changes in the internal and external environment and have to constantly adapt to new conditions in order to survive. Changes taking place in the external environment naturally cause the emergence of new principles of management of the economic behavior of industrial enterprises. Under such circumstances, the requirements for an economic behavior management system for industrial enterprises are one of the most important criteria for evaluating the performance of their economic activities. The influence of the external environment requires more attention in studying the processes taking place around an industrial enterprise, making it necessary to develop adequate actions for long-term development. It is defined that different methods are proposed to evaluate the efficiency of management of the economic behavior of industrial enterprises, which should be used in a complex and be adapted to the conditions of neo-industrial modernization. An analysis of existing approaches to evaluating the efficiency of management of economic behavior of industrial enterprises has shown that, despite the diversity of methods proposed, there are a number of challenges. It is noted that in order to improve the efficiency of the enterprise’s performance, managers need to make specific and adequate management decisions related to improving the very structure of management of the economic behavior of industrial enterprises.