Mechanism for assessing the readiness of industrial enterprises’ fixed assets to the challenges of the external environment

E. A. Evdokimova ()

Scientific notes of the Russian academy of entrepreneurship, 2022, vol. 20, issue 4

Abstract: The present time is characterized by a high rate of changes in the external environment of industrial enterprises that play a leading role in the country’s economy. External changes pose challenges to enterprises and force them to carry out internal transformations in order to ensure effective operation. In such conditions, the search for solutions aimed at high–quality management of the current resources of an industrial enterprise acquires a special role and importance, since unjustified replacement of them in anticipation of ensuring stable profit indicators in response to ongoing improvements can lead to bankruptcy. Making decisions based on an assessment of their ability to participate in the transformation of industrial enterprises is the key to the most favorable ratio of the expected results from the ongoing transformations and the cost of their implementation. The peculiarity of industrial enterprises is the high share of fixed assets in their assets, which is a barrier to mobile and flexible behavior in the market. Fixed assets require special attention when planning transformations in the activities of an industrial enterprise, the management of which needs a full assessment of this resource to maximize the use of its capabilities. The developed mechanism allows you to make an informed management decision to achieve the goal set by the management of the enterprise. The completeness of the assessment contained in the mechanism reveals the most accessible transformations, using available fixed assets for a number of direct and indirect indicators at the same time. In view of the continuous transformation of both the external and internal environment of the functioning of industrial enterprises, it seems necessary to use the entire available range of effective tools and recommendations for making high–quality management decisions. The developed mechanism is such a tool.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:cvt:journl:y:2022:id:708

DOI: 10.24182/2073-6258-2021-20-4-42-49

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