Larysa L. Hrytsenko, Volodymyr M. Boronos, Mykola V. Melnyk, Vitaliy. M. Ignatchenko, Yaroslav S. Kovalev
Organizational and Economic Capabilities of Business Processes Re-engineering in the Marketing Activities of Industrial Enterprises under the Conditions of Economy Financialization
(original language – English)
https://doi.org/10.21272/mer.2019.84.03
The development of the Ukrainian economy largely depends on the ability of domestic industrial enterprises to withstand the pressure of transformations that determine the new business environment. Such enterprises form the real sector of the national economy, and their success is determined by the ability to adapt, attract investments and work effectively with innovations. Thus, the future of Ukrainian enterprises is closely linked to effective financial activity, which should reflect progressive world trends. In the same work, the author carried out studies to determine the impact on domestic industrial enterprises attracting investment for the success of their innovation activities in terms of financialization of the economy and sharp transformations in the business environment. The prevailing influence of geopolitical processes on the corresponding distribution and the weak level of the ability of the real sector of the economy, in particular, industrial enterprises to withstand radical and sudden changes in the external business environment, are determined. The author proposes to consider the possibility of business process re-engineering in the marketing activities of industrial enterprises to improve the position of the real sector of the economy in attracting and effectively mastering investments. The analysis of the correlation of principles and goals of business process re-engineering and different models of financial management is carried out. The emphasis is made on the peculiarities of business process re-engineering in the marketing activities of industrial enterprises, due to which the rapid adaptation of the enterprise to the sharp transformations in the external business environment can take place. The author determined the business process re-engineering of marketing activities of industrial enterprises to be capable of ensuring the effective transformation of the internal business environment of an industrial enterprise and minimizing the negative impact of financialization of the economy on the industrial sector.
Key words: industrial enterprise, financialization, innovation, marketing activities, re-engineering, business process, real sector of the economy, business environment.
Placed in №2, 2019.
Affiliations:
Larysa L. Hrytsenko, D.Sc. (Economics), Professor, Professor of the Department of Finance and Entrepreneurship, Sumy State University;
Volodymyr M. Boronos, C.Sc. (Economics), Professor, Head of the Department of Finance and Entrepreneurship, Sumy State University;
Mykola V. Melnyk, Master Student in Economics, Vstula University, Warsaw, Poland;
Vitaliy M. Ignatchenko, Postgraduate Student of the Department of Economics, Entrepreneurship and Business Administration, Sumy State University
Yaroslav S. Ko
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