TECHNOLOGICAL RENEWAL OF PRODUCTION IN A COMPETITIVE ENVIRONMENT
Journal Title: Сталий розвиток економіки - Year 2016, Vol 33, Issue 4
Abstract
Purpose. The study aims to clarify the essence of the concept of "technological renovation of production" in a competitive environment. According to the research objectives are defined – to justify the importance of technological renewal of production in modern conditions, to consider and synthesize the definitions of the term "technological renovation of production" existing in scientific reference sources, to reveal the aspects of consideration of technological renewal of production. Methodology of research. General scientific methods are used – generalization, systematization, analogy, analysis, synthesis – aimng at ascertaining the nature of the technological renovation of production and disclosure of possible approaches to its consideration. Theoretical and methodological basis of scientific research are fundamental tenets of economic theory, scientific works of local scientists on innovation and technological renewal of production. Findings. The study reveals the essence of concepts "technology", "production", "production technology", "update". It is determined that the technological renovation of production is a part of innovative development of the company and consists in the process of replacement of production technology to a new, more perfect one, which in its turn leads to the change other elements of the production process. It is found that technological renovation of production must be considered an integral part of innovation policy of renewal and development of the company alongside with human (intellectual) development, information technologies, logistics updating; a component of management; the basis for economical competitiveness in the market. It is substantiated that the defining purpose of technological renovation of production is achievement of economic efficiency of enterprises as well as of social and environmental benefits of society (consumers). Originality. Social, economic, environmental, scientific and technical aspects of consideration of technological renewal of production were allocated and revealed. In particular it established that the social aspect suggests the product quality improvement and is manifested in customer satisfaction and positive reputation of the company. The economic aspect is manifested in that technological renovation of production must provide any enterprise with the possibility of more income and assure consumers of products price attractiveness. The environmental aspect of the technological renovation of production means new, advanced technologies will be directed to the production of clean, high-quality products which will meet not only national but also international quality standards. Practical value. The obtained results of the study confirm the importance and necessity for technological renovation of production for the effective functioning of economic entities and the development of the national economy as a whole.
Authors and Affiliations
Liudmyla Sas
Keywords
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