Received: 2019-08-21  |  Accepted: 2019-10-18  |  Published: 2019-12-15

Title

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


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


JEL classifications

G32 , M40 , Q01 , O10 , O21


URI

http://jssidoi.org/jesi/article/430


DOI


Pages

1185-1196


Funding

South Ural State University is grateful for financial support of the Ministry of Education and Science of the Russian Federation (grant No 26.9677.2017/ВР). The work was supported by Act 211 Government of the Russian Federation, contract № 02.A03.21.0011.

This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Khudyakova, Tatyana
South Ural State University, Chelyabinsk, Russian Federation http://www.susu.ru
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Shmidt, Andrey
South Ural State University, Chelyabinsk, Russian Federation http://www.susu.ru
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Shmidt, Svetlana
Saint Petersburg State University, Saint Petersburg, Russian Federation https://spbu.ru
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Journal title

Entrepreneurship and Sustainability Issues

Volume

7


Number

2


Issue date

December 2019


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

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