ISSN 2284-7995, ISSN Online 2285-3952
 

THE INFLUENCE OF MAIN FACTORS ON STRENGTHENING COMPETITIVENESS AND ENTERPRISE FINANCIAL POSITION

Published in Scientific Papers. Series "Management, Economic Engineering in Agriculture and rural development", Vol. 22 ISSUE 2
Written by Yevheniia KRIVOSHEYA

Entrepreneurship development is a powerful factor in reforming the economy: creating a socially oriented market mechanism, overcoming the current crisis decline in production and providing the preconditions for economic growth in the region. Entrepreneurship is recognized as one of the main factors of political and social stability of society. Therefore, the effective functioning of business entities is a prerequisite for the economic well-being of the country's citizens, and hence national security. The main source of data for the study was the State Statistics Service of Ukraine, which publishes a set of indicators that characterize various aspects of business. In particular, data from the section 'Activities of enterprises' on the official website of the State Statistics Service of Ukraine and official data on the websites of its regional offices, as well as information from the collections 'Activities of economic entities' and 'Activities of large, medium, small and micro enterprises' were used. The development of entrepreneurship for the period of 2016–2020 has been analyzed in the article. The analysis of the dynamic changes in the development of entrepreneurship in the context of enterprises and individuals-entrepreneurs has been conducted. The quantitative data of the State Statistics Service of Ukraine, illustrating the distribution of subjects of Ukrainian entrepreneurship by size, types of economic activity, volumes of sold products, works and services, and financial results of entrepreneurial activity have been considered and analyzed. It is important to monitor the financial performance of enterprises continuously. It promotes response and the efficiency of their activities increase, optimizing the use of resources and management potential.

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KRIVOSHEYA Y. 2022, THE INFLUENCE OF MAIN FACTORS ON STRENGTHENING COMPETITIVENESS AND ENTERPRISE FINANCIAL POSITION. Scientific Papers. Series "Management, Economic Engineering in Agriculture and rural development", Vol. 22 ISSUE 2, PRINT ISSN 2284-7995, 443-450.

The publisher is not responsible for the opinions published in the Volume. They represent the authors’ point of view.

© 2019 To be cited: Scientific Papers. Series “Management, Economic Engineering in Agriculture and Rural Development“.

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