Year: 2023
Type: article
Abstract: In public life and practical activity of people, uncertainty is an objective and very important and complex scientific category. In this article, one of the first attempts is made to reveal the essence of the category of economic uncertainty itself and to identify its impact on the final results of production, economic and socio-economic activities of enterprises in the region. The scientific and practical significance of uncertainty in the sphere of economic activity of enterprises is to take into account its impact on real processes to the fullest extent, as well as to best justify such types, volumes, timing and other indicators of production and sale of goods and services. Taking into account the market conditions, with the skillful use of available resources, this can bring the greatest final result to the enterprise. The completion of this study involves the theoretical justification, methodological support and practical application at industrial enterprises of a comprehensive system of scientifically based criteria, organizational and management mechanisms, planning and economic standards and indicators to reduce the impact of uncertainty and increase on this basis the efficiency of the use of production resources, primarily the labor of employees and the capital of entrepreneurs. The study reveals the essence of the category of «uncertainty» in the field of economic activity from a scientific standpoint, suggests a mechanism for reducing uncertainty in the work of industrial enterprises, provides recommendations for assessing the level of uncertainty and improving the final economic results.
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4401034224