Management strategies for business
Journal Title: Agricultural and Resource Economics: International Scientific E-Journal - Year 2018, Vol 4, Issue 1
Abstract
The paper aims to systematize business management strategies and identify their potential opportunities for the development of the competitive business advantages in transition economies. Characteristics of the features of modern business in developing countries (on the example of Ukraine) are given in the article in concise form. The relevance of the study of the relationship between strategy and business management is substantiated. Modern interpretations of the concepts of «strategy», «strategic management», «strategic set of strategies», «business» and «competitive business potential» are presented. A generalized classification of strategies used in practice for effective business management and its development is described. Possibilities of strategies for formation of competitive business advantages in the modern conditions of market transformations are determined. The scheme of the pyramid hierarchy of a «strategic set of strategies» of a diversified organization is presented. An analog model of competitive business potential by implementing a strategic set of strategies is formalized. Directions of further research are recommended. They include: analysis of the impact of strategies on the process of business management, evaluating the effectiveness of using strategies for effective business management and the choice of priority strategies for effective business management.
Authors and Affiliations
Alexander Sumets
Keywords
Related Articles
- EP ID EP273279
- DOI -
- Views 124
- Downloads 0
Methodical approaches to formation and evaluation of financial mechanism of agricultural enterprises
The article describes the main forms of implementation of the financial mechanism of agricultural enterprises and methods of evaluation of the financial mechanism of enterprises. Options for best performance of agricultu...
Influence of the intensity of feed costs on efficiency of dairy cattle breeding
The aim of this paper is to investigate and analyze the factors that have a positive impact on the stabilization of the development of dairy cattle breeding, in particular the influence of the intensity of feed costs on...
Special aspects of economic relations between participants of the market for livestock products
Purpose. Purpose of the article is to summarize theoretical foundations of the study of the nature and content of economic relations between participants of the agri-food market for livestock products, expanding and addi...
Development of farms and their place in agricultural production area
The article analyzes the land fund of Khmelnitsky region, the dynamics of the production of agricultural economic output by types of farms, as well as a comparison with the size of the area of the farm with farmer househ...
Influence of competitive strategies on corporate performance of small and medium enterprises: a case from Nigeria
Purpose. The objectives of the study were to identify whether adoption of cost leadership strategy assist in reducing the cost operation of small and medium enterprises and also to determine the effect of differentiation...