RESEARCH OF THE ENTERPRISE PROFITABILITY STRATEGY
Journal Title: Baltic Journal of Economic Studies - Year 2017, Vol 3, Issue 5
Abstract
The article focuses on such indicators as profit and profitability, reflecting the economic efficiency of an enterprise, its financial condition, and the problems of its economic development. The subject of the research is to analyse the profitability of an enterprise and validate the strategy of the enterprise’s efficiency increasing. The methodology of the research is based on an analysis of the enterprise efficiency characteristics in general, the profitability of different areas of production. For this purpose, in the economic analysis, in particular, there were used profitability indicators. In this case, profitability is the most generalized, qualitative indicator of the economic efficiency of an entity’s activity, which allows comparing the amount of profit with the value of the means, by which it was obtained. The purpose of the research is to analyse the production activity of OJSC “NmTZ” and to develop proposals for improving its production efficiency; study ways of production development; research factors that delay the growth process of pipe products production; identify the profitability growth factors of the enterprise that allow increasing competitiveness indicators in the pipe market. Practical application. The enterprise’s priority directions of activity aimed at improving the technique and technology on the basis of modern scientific developments in order to reduce energy and material consumption, as well as to improve the quality of pipe products are shown. The key ways of increasing profit and profitability are indicated. Factors of the income increase, which allow the enterprise to carry out its activities more successfully, are revealed.
Authors and Affiliations
Gennady Shvachych, Elena Kholod
Keywords
Related Articles
- EP ID EP635290
- DOI 10.30525/2256-0742/2017-3-5-451-456
- Views 82
- Downloads 0
ONLINE DISTRIBUTION OF INSURANCE OF CIVIL LIABILITY OF OWNERS OF VEHICLES, THE EXPERIENCE OF POLAND, OPPORTUNITIES OF UKRAINE
Distribution of insurance services online is practically possible only with respect to unified and simple products. The most massive of them is civil liability insurance of vehicle owners, the terms of which are unified...
THE INFLUENCE OF INTERNALLY DISPLACED PERSONS ON THE SOCIAL AND ECONOMIC DEVELOPMENT OF REGIONS IN UKRAINE
In terms of the issues aggravation concerning internally displaced persons and the disproportions in the social and economic development of regions as a result of the antiterrorist operation in Ukraine, an analysis of so...
GREEN TOURISM DEVELOPMENT IN SMART COMMUNITIES
The purpose of the study is to substantiate factors and mechanisms of development of green tourism and its consequences. Methodology. The methodological basis of the study is the systematic synergistic approach to the st...
THE EMERGENCE AND DEVELOPMENT OF TAXATION IN THE LEGAL TRADITION OF THE PEOPLES OF EASTERN EUROPE
The purpose of the article is to determine patterns of the creation of taxation given the centuries-long history of state-building of the peoples of Eastern Europe; to reveal the interaction of public and state elements...
CONGLOMERATE MANAGEMENT OF ENTERPRISE AS SOCIO-ECONOMIC SYSTEM
In modern conditions of political, economic, and social globalization, it is difficult to overestimate for Ukraine the need for research and introduction of new forms of enterprise management. World tendencies of the int...