Business Inform

11-16

Authors: Shumilo O. S., Savchenko N. O.

The article carries out a comparative analysis of the definitions by scholars on understanding the essence of the concepts of both the crisis and the anti-crisis management of enterprise. As a result of the analysis, it is defined that in the scientific literature there is no single understanding of the essence of these concepts. The publication specifies the features of defining these concepts. The essence of crisis is defined as follows: a turning point in the development of changes; moment of sharp aggravation and impossibility of independent overcoming contradictions; stage of the enterprise’s development cycle; result of damage to internal mechanisms for maintaining adaptability, flexibility and sustainability; moment of resolving the contradictions requiring quick decision-making in terms of scarcity of resources; phase of imbalance of the enterprise’s activities and limited opportunities for the influence on the part of its management; situation in which the economic entity is not able to carry out financial provision of its own economic activity; threats of insolvency and bankruptcy of the enterprise. The essence of anti-crisis management is understood as: system of enterprise management; special, constantly organized management; aggregate of methods, techniques, forms of management; instrument for sustainable operation of the enterprise; management in order to predict a crisis; aggregate of the managerial anti-crisis measures. On basis of the analyzed features of defining, the authors’ own definition of crisis and anti-crisis management is proposed. Also, the article determines the task of anti-crisis management of enterprise at the present stage of economic development, taking into account changes in the external environment.

23-29

Authors: Herasymova Y. O.

The current theoretical and empirical studies do not provide an unambiguous valuation of the nature of the impact of the shadow (or informal) sector of the economy on the dynamics of macro-economic growth of countries and regions. The shadow economy is characterized by clearly defined dualism, which acquires its concentrated expression in performing its double role in the development of the socio-economic system of society. On the one hand, it has a positive influence on the macro-economic growth of many countries, overcoming population poverty and socio-humanitarian backwardness; but on the other hand, it significantly exacerbates socio-economic, financial, tax-administrative and other problems that significantly hamper the scientific, technical, innovative and humanitarian progress of many countries over the world. Dualistic approach to a comprehensive analysis of the impact of shadowed economic activity on the structural dynamics of national and global development allows to clearly specify its threats and dangers. There is no doubt that the shadowing of economic activity leads to significant violations of the functioning of the national social sectors of the States for the following reasons: deepening asymmetry in the regional and intra-country distribution of income; carrying out socially unfair privatization of the State-owned objects; expansion of illegal production of goods and services, as well as structural deformation of public consumption. This not only causes an increase in the economies of different States of social instability and deepening of the intra-country asymmetry in the distribution of incomes of different groups of the population, but also sufficiently reduces the effectiveness of the instrumentarium used by their national governments to respond promptly to permanent changes in key quantitative and qualitative parameters of socio-economic development.

36-41

Authors: Drymalovska K. V., Kyryliuk R. O.

As competition in international and national markets intensifies, it is important to create a system to protect economic actors from potential threats and adverse factors. To solve these issues, it is necessary to ensure the effective functioning of the insurance market, which is one of the important components of financial security. Without the developed insurance market, it will be impossible to ensure the social and economic progress of the country, its corporate security, welfare etc. The current state of the world insurance market has certain features, which makes it possible to adapt to the change of the modern world and improve the work of the insurance industry. To create a clear insurance market, it is necessary to develop an effective policy as to the insurance activities of both the insurer and the reinsurers, as well as to establish solvency insurance systems. The development of the insurance market is accompanied by many economic, regulatory, organizational, methodological and personnel issues. The publication is aimed at studying and distinguishing the peculiarities of development of the world market of insurance services. On the basis of studying the works of scholars, the main features of the modern insurance market are provided; key signs of the insurance industry are presented; statistical information on trends in the insurance market development during 2019 in the following regions: North and Latin America, Western Europe, Asia, European developing countries. The impact of COVID-19 on the state of the insurance industry in Europe has been characterized. As result of studying the key trends in the future development of the insurance market, the main components that are necessary for the formation of an effective policy of insurance companies in the context of COVID-19 have been formed as follows: digitalization, innovation, analytics, feedback.

48-53

Authors: Domashenko M. D., Shkola V. Y., Troyan M. Y., Domashenko V. S.

The article is concerned with studying the European experience in the development of alternative (clean) energy sources, identifying problems and prospects for the production and consumption. The publication considers the advantages for countries from the use of new generation of energy carriers, including: independence from the countries – suppliers of traditional energy; ensuring ecological production and consumption; environmental protection and minimization of risk to the climate, human health, biodiversity, etc. The article provides the EU regulatory documents, namely: Directive 2018/2001/EC on alternative energy sources as part of the «Clean Energy for All Europeans» package and National Energy and Climate Plans (NECP) for 2021-2030, which set out the mechanism for fulfilling new goals for 2030 as to alternative energy sources. The new directive establishes a mandatory goal for alternative energy sources for the EU for 2030 (not less than 32%), provides for measures for various sectors of the economy, as well as transport, and strengthened criteria for ensuring the sustainability of bioenergy. The transition of the EU to the use of biofuels is explained by the course of sustainable development of European countries in the sphere of energy and ecology, the status of the economy and the general ecological policy of the countries. The division into generations of biofuels is provided as follows: the first generation, or conventional fuel, is fuel from ordinary food crops grown on arable land; the second generation is biofuels made from various types of biomass; the third generation is made exclusively of algae; the fourth generation of biomass involves the use of biochemical methods for carbon capture. It is determined that the production of biofuels can give impetus to the revival of the national agrarian economy, improving the environment, enhancing the ecological safety of the country, as well as promoting the development of the country’s logistics infrastructure.

59-65

Authors: Kozyrieva O. V., Shut O. Y., Svitlychna K. S.

The article is aimed at examining the emergence of a competence approach in higher pharmaceutical education due to the need to bring program requirements closer to the future specialist, society’s requests and the necessities of personal practical professional activity. The problems inherent in the development of professional training of specialists in the pharmaceutical industry in Ukraine are generalized. In particular, the growing need for the development of the pharmaceutical education system and insufficient attention to this sphere at both the State and local levels; imperfection of the regulatory framework for the professional training of specialists in the pharmaceutical industry; lack of foreign experience in professional training of specialists in the pharmaceutical industry. Etiology and interpretation of the concept of «competence» are studied. The lack of a unanimous approach to understanding the concept of «competence approach in education» is defined, various authors’ approaches to its content are explored. The reasons for the relevance of higher education development on the basis of competence orientation are determined. The problematic issues of the competence approach in the process of developing the higher education standards are researched, since pharmaceutical education cannot be separated from the strategic tasks of reforming the content of the educational process in Ukraine. Prospects for further research in this direction are the substantiation of methodological principles and organizational mechanisms for the formation of competence standards as a leading vector in the modernization of higher pharmaceutical education.

73-81

Authors: Feshchur R. V., Kolinko N. O., Shyshkovskyi S. V., Skvortsov D. I.

Industry is one of the important sectors of the economy of any country in the world. At the same time, statistics show that the industrial complexes of many countries are developing unevenly, with periodic changes in the structure and volume of production under the influence of many internal and external factors. Ukraine's industrial complex is also undergoing spatial and structural distortions, but these trends do not always correspond to those formed in the world's leading countries in the direction and pace of change, although today the industrial complex of Ukraine is the most important structural part of Ukraine's economy, a third of fixed assets and more than 30% of the employed population. As one of the largest spheres of social production in the country, industrial production determines the level of its socio-economic development, the specialization of the economy and the extent of participation in the territorial division of labor. Properly chosen strategy for the development of industrial production, the appropriate volume and structure of production, a reasonable volume of sales allows all participants in production to achieve their financial goals. This is due to the importance of studying the activities of industrial enterprises. The article constructs nonlinear models of multiple regression, which describe the main trends in industrial production, the effect of external and internal factors on the economic performance of industry in general and industrial enterprises in the western region of Ukraine. It is established that innovative transformations in industrial production have led to the renewal of fixed assets and have had a positive effect on the dynamics of economic results. At the same time, this process was accompanied by a reduction in the number of people employed in industry. It is revealed that the influential factors of the external environment include economic conditions of management, and among the factors of the internal environment – the management of innovation and innovation activity of economic entities. It is recommended to expand the set of tools at the expense of distribution-lag, autoregressive, simulative and other econometric models to describe the relationship between the economic performance of enterprises and factor characteristics.

90-97

Authors: Bоhuslаvskа S. І.

Modern directions of formation of the global economic, informational and financial space define fundamentally new tasks for the formation and development of forms and methods of management of regional systems. The article is aimed at substantiating the need to transform regional management to ensure sustainable development of Ukrainian regions in the context of globalization. The article develops theoretical approaches to the interpretation of the concept of «region» and presents an author’s own definition of this concept as an open holistic system, the unity of which is secured by a number of factors (of geographical, political, social and economic nature), the elemental composition of which is characterized by a wide range of elements (including regional institutions), which as a result of constant interaction and mutual influence acquire new qualities and characteristics and cause qualitative changes in the system. The main features of the regional system include: the ability to self-reproduction; purposeful nature and dependence of its functioning and development on the composition and completeness of resource provision. The content of the concept of «globalization» is closer defined. It is proved that globalization puts forward new requirements for regional management, restrictions on modern economic development are outlined as well. Regions of Ukraine are actively involved in the processes of international and interregional integration, and the foreign economic activity of the regions has significant prospects. At that, the degree, depth of involvement of the region in the international integration process, the success of its foreign economic activity directly depend on the focus on innovative conduct of financial-economic activities, complementarity in financing, the use of the mechanism of public-private partnership. The main challenges of sustainable development of the regions of Ukraine (except for the pandemic) include: involvement of economic agents; development of engineering infrastructure; construction and renovation of housing stock; ordering land use; high-level support of employment; urgent ecological problems. Ensuring the sustainability of both regions and the State in modern conditions is possible by strengthening the horizontal links of interregional interaction. The latter expands the capabilities of regional governing bodies in terms of increasing the internal potential of the regions, creates conditions for more effective problem solving in the economic, social and political spheres. Prospects for further research in this direction are the development of theoretical principles of regional management and the development of practical recommendations for its improvement, taking into account the challenges of globalization.

103-113

Authors: Babets I. G.

The article analyzes the content of development strategies of cities of region significance in Lviv region and identifies the lack of goals, objectives and measures to improve the sectoral structure of the economy, as well as the limited ability of local authorities to influence the structure of the cities’ economy with the help of instruments that provide tax preferences for enterprises of priority industries, investors, small and medium-sized businesses. In order to eliminate shortcomings in the strategic management of structural transformations of cities, directions of improvement of the existing institutional mechanism in terms of taxation of the investment, innovation and entrepreneurial activity of enterprises of priority sectors of the economy, investors who finance the development of high-tech industries and high-tech types of economic activity, as well as enterprises operating within special modes of economic activity, are proposed. It is substantiated that the introduction of real tax preferences for enterprises will ensure the implementation of effective structural policy at the local level, since the authorities will receive real levers to increase investment, innovative, entrepreneurial activity in priority sectors of the economy. In order to strengthen control and responsibility for the implementation of strategic tasks, it is proposed to use the problem-target method in strategic planning of city development, which, unlike the program-target approach, provides for a clear allocation of resources between the goals aimed at solving structural problems in the economy. As result of the study, the list of indicators of structural changes in the economy and the basic principles of establishing quantitative criteria for achieving strategic goals to improve the structure of the economy of cities of region significance are determined.

120-127

Authors: Kashperska A. I.

The article is aimed at studying the current state of the retail market of Ukraine, determining its state and development trends. The main factors influencing the change in retail turnover are allocated, namely: purchasing power; state and problems concerning the supply of products; development of material and technical base; institutional transformations; increased competition. On the basis of generalization of characteristics of the modern trading market, its main features and development trends are highlighted, the most important of which are: focusing on improving the service; development of Internet commerce; diversifying the additional services; expanding the list of sales channels; optimization of assortment and reorientation of activities in favor of food products. The main indicators of trade enterprises are analyzed on the basis of data of the State Statistics Service of Ukraine during 2010–2020, namely: the number of economic entities in the market, distributed by size and by organizational-legal form, as well as the volume of products sold under the CEA 47 «Retail Trade»; regional structure of retail turnover (legal entities), structure of products; retail turnover by product groups. It is emphasized that the transformation processes that take place in retail trade relate to both changes in the trading objects themselves and the channels of sale of products. It is defined that the process of globalization in the domestic trade of the country is taking place, accompanied by the widely spread tendency of transition of retail enterprises to the Internet space along with search for platform companies. The need for further support of business on the part of the State, stimulation of its development, taking into account modern requirements, is substantiated. It is emphasized that timely implementation of measures by the owners of retail enterprises will be instrumental in their adaptation to modern market conditions, increasing the competitiveness and efficiency of their activities.

135-141

Authors: Obruch H. V.

The article explores the current state and trends in the development of railway transport services. It is determined that the frequent change of the administration of JSC «Ukrzaliznytsia» and the priorities of its development, inhibition of the necessary reformation changes, inconsistency and non-systematicity of the implemented policy of railway transport development led to an extremely difficult financial and technical condition of the railway company. The result of the technical degradation of railway transport and the decrease in its throughput and transportation capacity were a catastrophic deterioration in the quality of services of railway enterprises and a gradual loss of the share of the freight market in favor of other types of transport. It is proved that restoring consumer confidence and ensuring the balanced development of services of railway enterprises requires the use of a digital instrumentarium for their modernization and the introduction of new digital solutions aimed at improving communication with stakeholders. The main requirements of consumers for the quality of transport service in terms of segments of activities of railway enterprises are disclosed. The theoretical foundations for the balanced development of services of railway enterprises are formed, taking into account the trends in the digital transformation of the railway industry and defining the key role of digital instruments in ensuring the balanced development of services of industry enterprises. Scenarios for the development of services of railway enterprises based on the introduction of digitalization instruments are presented, among which pessimistic, realistic and optimistic scenarios are identified. In particular, the pessimistic scenario involves the introduction of digital instruments that ensure the improvement of only the customer service of railway enterprises, realistic is focused on the introduction of digital instruments in the segments of transport service in accordance with the formation of the railway transportations market. To implement the optimistic scenario, it is necessary to ensure the improvement of existing and the development of new services based on the comprehensive implementation of digital transformation instruments.

148-153

Authors: Zvarych R. Y., Kril Z. Z.

The article defines the essence and features of waste management in the circular economy. Over the past three decades, the entire progressive world has been striving to put into practice the concept of sustainable development, which involves the formation of a balance of ecological, economic and social aspects. The article is concerned with generalizing and systematizing modern theoretical and practical approaches to achieving the goals of sustainable development. A research of directions of improvement of waste management in the circular economy is carried out. Particular attention is paid to the concept of circular economy. The methodological basis of the research was the conceptual principles of sustainable development, the «green» economy, the circular economy (closed-loop economy). Analysis, synthesis, classification, observation, study of various sources of information were used as the main methods of scholar work. The possibility and significance of taking into account the goals of sustainable development in the management of general modernization processes in both society and the economy is proved. It is identified that development of the umbrella concept of the «green» economy, which acts as an instrument for achieving these goals, is based on the concepts of environmentally friendly production, the best available technologies and the circular economy. The theoretical and practical bases of circular economy as a new trend of implementation of the concept of sustainable development are considered. The normative-legal, market, financial, investment, economic, technological and organizational factors influencing the application of the principles of circular economy in Ukraine are examined. The results of the study can serve as the basis for achieving the goals of sustainable development at different levels and in the spheres of economic management with the help of circular economy instruments: circular business models, secondary markets, methods for managing the cyclicality of production and consumption.

161-168

Authors: Kovalevska N. S., Nesterenko I. V., Sokolova E. B., Karbivnycha T. V.

The article is aimed at substantiating organizational provisions and developing recommendations for improving the conceptual principles of projecting a computer-based audit system for the activities of performers of entrepreneurial activities. The article proposes the principles of modeling the audit system in the structure of the information service of entrepreneurs, provides proposals for assessing audit risks at different stages of entrepreneurial activity, substantiates methodological approaches to conducting an audit using modern information and communication technologies. It is proved that computer-based audit is an effective instrument for controlling and managing economic security of business entities. When designing the organizational-methodological structure of the audit, it is proposed to use the stages of audit development: confirming, system-oriented, and risk-based audit. When deciding on the creation and operational function of the computer-based audit of the activities of business entities, it is recommended to take into account their size, category, organizational and legal form of management, organizational structure, level of automation of accounting and control procedures. Scientific approaches using the proposed indicator of information security to assessing the state of information security of business entity are defined, their components are: degree of use of information and communication technologies in business processes, status of information threats, and degree of security of information resources. Methodical principles of auditing using modern information and communication technologies are proposed to strengthen control and analytical functions of management with the use of the latest audit systems. It is proved that computer-based audit covers the use of information technologies and software as a method and tools of the auditor in the process of performing the task on the basis of reliability assessment and identification of significant risks of the information system of a business entity.

173-189

Authors: Shuba O. А.

The article is aimed at examining the current state and peculiarities of integration of Ukraine’s stock market into the world stock market. The article analyzes the current state of the stock market of Ukraine. It is defined that according to the criterion of «capitalization of the stock market/GDP», Ukraine’s stock market can be characterized as underestimated and having the potential for growth. The tendency to reduce the number of professional stock market participants and the gradual consolidation of securities trading in two stock exchanges was noted: «PFTS» and «Perspektyva». Most operations in Ukraine’s stock market take place in the secondary market. It is recognized that the stock market in our country is practically not used by issuing enterprises to attract financial resources. As for the issuers, most of them are represented by the so-called «blue chips». Among the extant problems of Ukraine’s stock market, low liquidity of securities was noted, which remains so due to the insider nature of the stock market. In addition, the phenomenon of price manipulation is present. But, despite the existing problems, the process of integration of the Ukrainian stock market into the world stock market continues. Thus, joining the process of virtualization of the world financial system, operations in the digital environment are gradually being transferred in Ukraine and information technologies are quickly introduced into the operations of stock exchanges. The Law of Ukraine «On Amendments to Certain Legislative Acts of Ukraine on Simplifying Investment Attraction and Introduction of New Financial Instruments» adopted in 2021 took into account the requirements of the modern world stock market related to the transformation of existing forms of securities and the emergence of their new types. This law provides for the construction of a new financial infrastructure in Ukraine. It is concluded that the leading role in the process of integration of Ukraine’s stock market into the world stock market belongs to the State, which, stimulating the development of the national stock market and establishing cooperation with international organizations operating in this sphere, regulates this process.

190-195

Authors: Nechyporenko A. V., Dudchenko V. M.

The article is aimed at disclosing and substantiating the peculiarities of the introduction and implementation of medium-term budget planning in Ukraine. Medium-term budget planning is defined as an approach to planning and managing public finances, which expands the horizon for the formation of budget policy for three to five years and allows to plan and forecast budget revenues and expenditures necessary for the implementation of strategic goals of the State budget policy in the medium term. The article considers the main functions of the medium-term budget planning system. It is noted that the European Union is assessing the development of medium-term planning, namely: the «Quality Index», which provides for the highest assessment according to five criteria. In Ukraine, medium-term planning accounts for about 65% of the expenditures of the national governance sector. Medium-term budget planning should become an important instrument for public finance management, which will not only allow to have a high-quality and sound financial plan for the medium perspective, but will also be the basis for the development of the State-based socio-economic policy. Both the advantages and the disadvantages of medium-term budget planning are considered, attention is also paid to the disclosure of factors that currently hinder the development of both the State itself and the mechanism of implementation of medium-term budget planning in Ukraine. The directions and measures that should be taken to ensure the development of medium-term budget planning in Ukraine are substantiated, as well as the positive consequences of the effective implementation and implementation of medium-term budget planning in the country are determined.

204-209

Authors: Volokhata V. Y.

In the context of globalization of the unstable situation in the financial market, the coronavirus pandemic, strengthened interbank competition, lack of financial resources and increasing their value, raising standards by the National Bank of Ukraine, it is imperative to improve the banking business management system by introducing innovations in the form of the use of new technologies that are adequate in view of development strategies and new banking products. That is why innovative development becomes the driving force of the efficiency of the banking sector’s activity. The article is aimed at evaluating the current state of innovative banking technologies and prospects for their development in Ukraine in the context of improving the quality of customer service. Priority directions of innovations for effective development of banking institutions and ways of their solution are defined. When analyzing trends in innovative activities of domestic banks, the major ones are identified. The most popular innovative products in the domestic banking market are listed and their characterizations are provided. A detailed analysis of normative and legislative acts is carried out, determining the prospects for the development of innovations in the banking sector in the near future and by 2025, such as: FinTech development strategy 2025; electronic payment system at the National Bank (EFT) in the 23/7 regime; service of sharing of digital documents; procedure for using a digital handwritten signature; creation and use of QR codes for credit transfers and when paying for goods and services; change of remote identification and verification of bank customers, etc.

216-228

Authors: Paliichuk T. V.

The article is aimed at disclosing the role and significance of the excise tax on fuel in filling local self-government budgets in the context of the implementation of budget decentralization, also disclosing the main aspects of excise tax reform, changes in its distribution between budgets and finding ways to ensure the stimulating impact of excise taxation on the socio-economic development of territorial communities (hromadas). The article describes the steps taken to strengthen the financial capacity of local self-government (changes in the sources of filling the hromadas’ budgets) by introducing budget decentralization, steps to implement decentralization in the sphere of road infrastructure of Ukraine (distribution of functions and powers in the road sector at the subregional level of management and introduction of an updated mechanism for financing the road industry). The significance and role of excise tax on fuel in the formation of budgets of territorial communities in the context of implementation of budget decentralization and decentralization in the road sector are analyzed and disclosed. The main aspects of excise tax reform, changes in its distribution between budgets during 2014-2020 in the context of the implementation of decentralization are presented. A number of substantiated arguments are given regarding the need to preserve the crediting of the excise tax on fuel to the local self-government budgets. The issue of the need to improve the distribution of subventions to roads in order to achieve fairness and eliminate the asymmetry of the financial capacity of territorial communities to develop road infrastructure and ensure the stimulating impact of excise taxation on the socio-economic development of all territorial communities is actualized.

235-243

Authors: Vlasova N. O., Piatak T. V.

The main purpose of the carried out research was identification of the influence of internal environment factors on the formation of financial results of industrial enterprises, quantitative assessment of the strength of their influence, and determination of the most significant factors at the present stage of development of the national economy. The relevance of this applied research is that knowledge about the mechanisms of action of internal factors certainly plays a leading role precisely in terms of the influence of management on the value of financial results of individual enterprises and in achieving the required level of profitability. In the article, a margin analysis is carried out on the example of a logical and statistically substantiated sample of 15 enterprises of the processing industry in the city of Kharkiv for the period 2016-2019, the results of the analysis prove that in modern changing conditions there is no clear correlation between production volumes, profits, and the composition of operating costs. The carried out correlation analysis allowed to trace the closeness of relationship between the functional and the factor variables. The functional group of variables is a system of consistently formed in the financial statements of interrelated indicators of financial results (from gross to net profit) classified as net income. The internal factors are represented by three groups of indicators. The first group includes a system of 10 indicators that characterize the level of costs and other types of income in the net income of enterprises. The second group of indicators characterizes the physical and financial structure of capital, the degree of participation of bank loans in the financing of enterprises. The third group of indicators is related to determining the efficiency of resource use. The results of the carried out research indicate a weak participation of the main operating activity, namely, production activity, in the formation of financial results and net profit, and the main negative role is played by costs from other operational, financial and other types of activity. At this, the efficiency of economic activity practically does not affect the financial results and profitability of various types of activities of enterprises. The need to improve the internal mechanisms for the formation of financial results and increase the level of profitability of industrial enterprises is substantiated.

249-256

Authors: Rubtsova N. M., Radchenko N. H., Trusova N. V.

The article is aimed at analyzing the work of insurance companies in the agricultural insurance market, evaluating their services for insurance protection of agricultural producers and studying the State’s efforts in supporting farmers in the sphere of agricultural insurance. In the course of the study, it is defined that the current system of agricultural insurance is unsatisfactory, and every year regressive processes are observed in the agricultural insurance market. The low demand for agricultural insurance in Ukraine is associated with the high cost of the service, limited choice of counter-parties, complexity of the insurance mechanism. The carried out analysis of the work of insurers in the agricultural insurance market indicates their partial participation in this type of insurance: for example, out of 64 insurers licensed for agricultural insurance, only less than a third provide services in this direction. As a result of the study of the line of insurance products for agricultural insurance, it is determined that complex and index insurance and insurance of animals and poultry are in great demand. It is found out that the extanrt system of agricultural insurance with the State support, even under the conditions of its functioning, would not have gained much popularity. The main reasons are a complex insurance mechanism, a one-time payment of 100% insurance premiums and the insecurity of the agricultural producer in obtaining the entire amount of subsidies belonging to him further on. In the future, in order to improve the situation in this industry, it is necessary to make certain amendments to the current legislation, which will revitalize the domestic sphere of agricultural insurance while providing confidence to agricultural producers in the continuity and reproduction of their output.

262-270

Authors: Kuzmin O. Y., Yurynets O. V., Doroshkevych K. O., Prokopenko I. V.

The article examines the urgent anti-crisis management instruments that characterize immediate (urgent) actions aimed at eliminating or reducing the negative impact of crisis phenomena on the enterprise. For the purpose of their identification, carrying out a comparative analysis is recommended, on the basis of the indicators that provide for assessment according to the following criteria: implementation time (time of accomplishing of operations for implementation of the anti-crisis control instrument, time of one operation for implementation of the anti-crisis management instrument, the level of time for operations for implementation of the anti-crisis management instrument); riskiness (coefficient of possible loss of profitability, Altman’s Z-criterion, indicator of financial sustainability of the enterprise); level of competitiveness (product competitiveness index, assessment of the competitiveness of the enterprise in statistics, multi-factory model of competitiveness); profitability of the enterprise (net profit per 1 UAH of costs for implementation of the anti-crisis management instrument, profitability of products, the level of costs for implementation of the anti-crisis management instrument). In the process of identification of the anti-crisis management instruments, the aggregate of the obtained indicators was carried out according to the results of compliance with the established criterion value using Boolean variables. A scale of values is formed; it is determined that the enterprise’s considering the anti-crisis management instrument as the urgent one should take place on the basis of satisfaction of more than 65% of the signs of compliance with the standards for the indicators expressed in the value of the boolean variable. In the process of practical approbation of the recommended method, the urgent instruments for the anti-crisis management of PJSC «Kontsern Khlibprom» are identified.

276-285

Authors: Zoidze D. R., Gubarev O. O.

The article is aimed at studying the evolution of approaches to risk management in organizations. As result of the carried out study, three existing approaches were identified: the «Three Lines of Protection» model (2013), the «Three Lines» model (2020), and the «Dynamic Risk Management» model (2020). It is proposed to consider the «Three Lines of Protection» model as a transition from non-systemic risk management in organizations to a structured vision of this process with a clear definition of the responsibilities of key participants. The article explains the advantages and disadvantages of this approach. Its advantages include simplicity and clarity in use in practice. Among the shortcomings of the model are the following: an overly structured approach to risk management in organizations; too cautious attitude to possible risks; dubious versatility of the model; imperfection of its structure. Three directions for possible improvement of the model are defined. It is identified that in 2020 there was an updated approach to risk management in organizations – the «Three Lines» model. A comparison of the «Three Lines of Protection» model with the «Three Lines» model was carried out. The main advantages of the new approach are determined. The emergence of an alternative vision of the process of risk management and control in organizations against the background of new social challenges – the «Dynamic risk management» is researched. The advantages of this approach include its priority areas in risk management in organizations, i.e.: risk management taking into account their consequences, risk management based on actions, risk management with an orientation towards digital technologies. The differences between traditional models and the newest approach are specified. It is determined that each of the three principles of the latest approach improves the quality of risk management in organizations as participants in the survey conducted by Gartner company. Purpose of further research in this direction be the institutional registration of coordinated interaction between the two directions of the modern model of risk management and control of the risks.

294-301

Authors: Shelest T. M.

The article is aimed at consolidating the theoretical aspects of formation of a management system for innovatively oriented development of enterprises. According to the results of the carried out research, it is identified that modern industrial enterprises are in a crisis state, which causes the need to develop an economically substantiated program for their reform, focusing on expanding innovation-technological activities and increasing investments in the real sector of the economy, as well as increasing the efficiency of their use. It is defined that the need for research, namely, the formation of a management system for innovatively oriented development of enterprises, is determined by its role in accelerating the growth rate of social production, improving the quality of products and increasing scientific-technological progress, which are the main directions of economic strategy, planning and forecasting of production. The results of the analysis of the economic essence of the concepts of «management», «system», «management system», «innovations», «development» and «innovative development» allowed to define that a management system for the innovatively oriented development of enterprises represents an orderly set of elements interaction, which is directed towards the continuous and comprehensive process of introducing innovations for the formation of efficient activity in the strategic perspective, taking into account the factors of internal and external environment together with the laws of development of social production aimed at concentration, parallelism, adaptability and rhythmicity of the enterprise management system.

310-315

Authors: Tanasiuk I. M., Kirsho S. M.

The article is aimed at substantiating the theoretical and methodological principles of formation of personnel potential of the enterprise and elaborating practical recommendations for the development of creative abilities of staff. On the basis of systematization and generalization of existing scientific achievements, the concept of personnel potential, features of its formation in modern conditions are considered. The factors that influence the formation of personnel potential of enterprises in Ukraine are analyzed. The problems of formation of personnel potential of companies capable of creative response to changes in the external environment, analyzing large amounts of information, determining the impact and interaction of various factors and anticipating future events in the market are researched. Positive examples of procedures for the formation of personnel potential from the experience of modern enterprises are presented. As a result of the study, it was determined the need to create partnerships between the State and enterprises, so that conditions for the development of creativity can be formed, and it is proclaimed that the development of creative abilities of the enterprise’s staff allows to increase the innovativeness of a company and the country in general. The article defines that the necessity to meet the education of personnel with modern trends requires the organization of lifelong learning, which involves combining and updating the necessary knowledge, skills and abilities in order to adapt to modern processes for the sake of continuous professional development. The methods for development of creativity of the enterprise’s staff aimed at overcoming thinking stereotypes that interfere with the development of creativity in modern conditions are proposed. A special place is given to the problem of maintaining the performance of the enterprise’s staff in the context of the COVID-19 pandemic.

323-330

Authors: Shkurenko O. V.

The article is aimed at defining, substantiating and justifying the economic feasibility of forming a new circular economy model as an innovative platform for sustainable development. As a result of the research, it is determined that the strategic priority of sustainable development of the State is the formation of a qualitatively new model of development of the national economy on the basis of a symbiosis of the circular and environmental economies, facilitating the use of local resources to meet the needs of the economy and ensuring the formation of the closed material and resource cycles. It is proved that the circular economy is a new approach based on the possibility of reproduction, reuse of labor results after their modernization. The principles of closed-loop economy are distinguished as follows: production of durable and reliable products; possibility of repair; reuse; modernization and upgrades; recycling; compatible use; virtualization of production. The general features and differences of the theory of circular economy are singled out. It is emphasized that when forming a new model of circular economy, it is necessary to take into account and link the development of environmental innovations and, accordingly, the ecological economy. However, determining the impact of the environmental economy on the new model of circular economy requires further thorough research.