MANAGEMENT OF A MODERN INDUSTRIAL ENTERPRISE: INITIATION OF BUSINESS PROCESSES REENGINEERING

Journal Title: Економічні інновації - Year 2018, Vol 20, Issue 4

Abstract

Topicality. Today, in order to overcome financial problems, business entities are forced to mobilize the entire economic potential. But it is precisely in the manufacturing sector that business processes are often unable to resolve the crisis effectively, so the management department should find an alternative way to overcome it. Before modern domestic enterprises, the increasing problem of increasing the efficiency of management is becoming more and more actual. One of the key issues is the dominance of functional management in organizations, which causes a lot of complexity. The process of reengineering business processes at the enterprise comes at the aid, which today needs additional study and coverage. Applying the principles of reengineering, an enterprise can prevent bankruptcy or decline in production and continue development in the chosen direction, or take on the basis of analysis of the results of the decision on the change of products, technological or market orientation. Purpose and tasks. Consider the methods of building a business on the principles of reengineering business processes at the enterprise. Analyze the major mistakes during reengineering, and specify the main advantages. Research results In the article during the study of the topic found methods of building a business on the principles of reengineering business processes in the enterprise, the main advantages of reengineering. It also found that due to the reengineering of business processes at the enterprise it is possible to accelerate the growth of investment attractiveness, the introduction of new information technologies, that is, the enterprise is moving to a new stage in its development, and accordingly, there is growth, because without it it is difficult to imagine a modern enterprise, which seeks to match the international quality standards to maximize the needs of the population, support the national economy and domestic production. Conclusions Thanks to the reengineering of business processes at the enterprise it is possible to accelerate the growth of investment attractiveness, the introduction of new information technologies, that is, the company is moving to a new stage in its development. Business process reengineering can provide a radical transformation of the management and production system of enterprises and allows to significantly improve the competitiveness and efficiency of their activities, help them to win new markets, move to a qualitatively new level in a competitive market environment.

Authors and Affiliations

N. E. AVANESOVA, G. I. VALKOVSKA, R. M. BEKETSKY

Keywords

Related Articles

CONCEPTUAL AND THEORETICAL BASIS OF REGIONAL INNOVATION POLICY

The evolutionary changes of the paradigms of the economic development of the region are investigated in the context of theories: neo-classical and theory of regional economic development, Keynesian theory, theory of mone...

TRANSFORMATION OF THE INSTITUTIONAL BASE OF WORLD CARGO TRANSPORTATION

The practice of international merchant shipping and the practice of international trade in goods are interrelated at different levels - from historical to the level of a separate treaty. Here, contracts for the purchase...

INNOVATIVE POTENTIAL OF TECHNOLOGICAL ENTREPRENEURSHIP OF UKRAINIAN REGIONS: THEORETICAL-METHODICAL AND PRACTICAL ASPECTS

opicality. The question of the innovative potential of technological entrepreneurship in the region today is extremely relevant, since in modern conditions it is technological entrepreneurship that becomes a decisive fac...

INSTITUTIONAL FACTORS OF TAX PROVIDING INVESTMENT DEVELOPMENT OF TERRITORIAL COMMUNITIES

The article defines the factors of the institutional provision of effective use of the existing investment potential of territorial communities. The influence of the tax reform on the development of territorial communiti...

IMPROVING THE ENTERPRISES COMPETITIVENESS BY OPTIMIZING PRODUCTION COSTS

The technology of management decisions was studied in the article. The agricultural enterprises of Kherson region were analyzed. The modernization necessity of morally and physically obsolete fixed assets as an important...

Download PDF file
  • EP ID EP491446
  • DOI 10.31520/ei.2018.20.4(69).23-31
  • Views 83
  • Downloads 0

How To Cite

N. E. AVANESOVA, G. I. VALKOVSKA, R. M. BEKETSKY (2018). MANAGEMENT OF A MODERN INDUSTRIAL ENTERPRISE: INITIATION OF BUSINESS PROCESSES REENGINEERING. Економічні інновації, 20(4), 23-31. https://europub.co.uk/articles/-A-491446