Methodical Imperatives in Estimating of Economic Stability of the Enterprise
Journal Title: International Journal of New Economics, Public Administration and Law - Year 2018, Vol 1, Issue 1
Abstract
The article deals with the interpretation of the essence of economic sustainability in modern economic science. The economic stability of an enterprise as a system characterizes its ability to maintain its viable state of achieving the planned results in the presence of various changing influences. It is proved that the establishment of a reliable level of effectiveness of effective instruments for ensuring economic stability of an enterprise is possible provided that it is adequately evaluated before and after their application. A critical analysis of existing methodological approaches to determining the level of economic sustainability of the enterprise has been carried out. The assessment of economic sustainability is considered as a set of actions that allow to determine the level, dynamics and trends of changes in indicators that characterize the results of the enterprise. Formed methodological imperatives in assessing the economic sustainability of the enterprise. The offered algorithm of complex estimation of economic stability of the enterprise takes into account communications of levels of economic stability and stages of crisis process. Estimation of economic stability of the enterprise is carried out on the aggregated performance indicators for each of subsystems of stability and the integral index of economic stability of the enterprise. Reducing the company's economic stability from absolute stability to catastrophic stability (in fact, an unstable state) signaling the deployment of the crisis process from crisis phenomenon to crisis. The availability of information on the level of economic stability and its dynamics allows using the practical tools of preventive anti-crisis management to achieve the economic sustainability of the enterprise.
Authors and Affiliations
Valentyna Kostrychenko, Maria Kravtsiv
Keywords
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- EP ID EP622062
- DOI 10.31264/2545-093X-2018-1(1)-110-121
- Views 71
- Downloads 0
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