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Reserves of increasing efficiency of industrial enterprisesin context of contemporary economics

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  • I. A. Merkulina
  • A. V. Kazakova

Abstract

The role of industry and industrial enterprises in the modern economy has been determined. Specificity of industrial organizations of small and medium business is singled out, for which the necessity of developing strategic programs for increasing profitability, profitability and financial stability is justified. The analysis of the factors influencing the activity of industrial enterprises in modern economic conditions is carried out. The main focus is on the efficiency indicators of industrial enterprises in the current economic conditions. General characteristics of «Armagus» JSC are given and an estimation of measures for increasing the efficiency of the sales channel of the enterprise is given. The structure of ARMAGUS products is analyzed. The measures of «Armagus» JSC to reduce the cost of production have been developed. The main technical and economic indices of the activity of Armagus JSC, which manufactures pipeline valves in a full production cycle, are analyzed. The estimation of influence of indicators on increase of efficiency of economic activity is given. The segments of formation of demand for ARMAGUS products are determined. The factors characterizing the level of efficiency of the activity of Armagus JSC are determined. The strategic guidelines for determining the directions for increasing the efficiency of the activities of Armagus JSC are given. Possibilities and main directions of increasing the efficiency of industrial enterprises in the current economic conditions are considered.

Suggested Citation

  • I. A. Merkulina & A. V. Kazakova, 2017. "Reserves of increasing efficiency of industrial enterprisesin context of contemporary economics," Russian Journal of Industrial Economics, MISIS, issue 4.
    • Handle: RePEc:ach:journl:y:2017:id:540
    DOI: 10.17073/2072-1633-2016-4-348-355
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    References listed on IDEAS

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    1. S. V. Shmanev & L. V. Shmaneva, 2016. "Regulation and Modeling of Business Processes in Enterprises Based on a Systematic Approach," Russian Journal of Industrial Economics, MISIS, issue 2.
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