Implementation of controlling technologies as a method to increase sustainability of the enterprise activities

Tatyana Khudyakova (), Andrey Shmidt () and Svetlana Shmidt ()
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Tatyana Khudyakova: South Ural State University, Russian Federation
Andrey Shmidt: South Ural State University, Russian Federation
Svetlana Shmidt: Saint Petersburg State University, Russian Federation

Entrepreneurship and Sustainability Issues, 2019, vol. 7, issue 2, 1185-1196

Abstract: We are currently facing that business environment is not stable due to globalisation processes in economics, cyclical changes and other disturbing factors. Hence, it is necessary to search such reserves that would improve efficiency of the business entity. The main objective of these reserves is to buffer negative impacts of external disturbances on financial and economic sustainability of enterprises. One of methods designed to improve the enterprise efficiency involves application of controlling technologies. In the present article the author examines results of statistical analysis of economic performance of more than 70 Russian and foreign enterprises. The author also analyses economic performance according to the author's integral indicator that shows effectiveness of primary implementation of the controlling system. On the ground of this analysis, the author determines the mean level of increase in efficiency of the enterprise's activity due to introduction of the controlling system. The analysis proves that, on average, efficiency of the economic entity's operation increases by about 17%.

Keywords: stability of the enterprise; economic sustainability; financial sustainability; controlling system; controlling technologies; risk; disturbing influences; effectiveness (search for similar items in EconPapers)
JEL-codes: G32 M40 O10 O21 Q01 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:7:y:2019:i:2:p:1185-1196

DOI: 10.9770/jesi.2019.7.2(27)

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