Work

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

Year: 2019

Type: article

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%.

Source: Journal of Entrepreneurship and Sustainability Issues

DOI: 10.9770/jesi.2019.7.2(27)

Authors: Tatyana Khudyakova, Andrey Shmidt, Svetlana Shmidt

Institutions: South Ural State University, St Petersburg University

Language: English

Topic: Accounting and Organizational Management

Subfield: Management Information Systems

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Industry, innovation and infrastructure

Open Access status: gold

Estimated APC paid: $916