Received:
2019-08-21 | Accepted:
2019-10-18 | Published:
2019-12-15
Title
Implementation of controlling technologies as a method to increase sustainability of the enterprise activities
Abstract
We are currently facing that business environment is not stable due to globalisation processes in economics, cyclical changes and other disturbing factors. Hence, it is necessary to search such reserves that would improve efficiency of the business entity. The main objective of these reserves is to buffer negative impacts of external disturbances on financial and economic sustainability of enterprises. One of methods designed to improve the enterprise efficiency involves application of controlling technologies. In the present article the author examines results of statistical analysis of economic performance of more than 70 Russian and foreign enterprises. The author also analyses economic performance according to the author's integral indicator that shows effectiveness of primary implementation of the controlling system. On the ground of this analysis, the author determines the mean level of increase in efficiency of the enterprise's activity due to introduction of the controlling system. The analysis proves that, on average, efficiency of the economic entity's operation increases by about 17%.
Keywords
stability of the enterprise, economic sustainability, financial sustainability, controlling system, controlling technologies, risk, disturbing influences, effectiveness
JEL classifications
G32
, M40
, Q01
, O10
, O21
URI
http://jssidoi.org/jesi/article/430
DOI
Pages
1185-1196
Funding
South Ural State University is grateful for financial support of the Ministry of Education and Science of the Russian Federation (grant No 26.9677.2017/ВР). The work was supported by Act 211 Government of the Russian Federation, contract № 02.A03.21.0011.
This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License
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