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Economic management methods as the main levers of effective enterprise development

Author

Listed:
  • Vasyl Bytov
  • Liudmyla Horbach
  • Valeriy Kotliarov

Abstract

The scientific article considers the role, significance and effectiveness of an extremely important issue, namely economic management methods, which today occupy the most important place in the system of management methods. After all, economic methods in modern management affect the effective development of economic entities as they cover issues of production and sale of their products, pricing, investment, lending, self financing, tax system and other economic levers. Our research and practical experience show that economic methods are especially important and relevant in the period of market conditions, which give businesses to independently form prices for products or services, independently choose suppliers of necessary resources, as well as to introduce one or another form of remuneration. incentives for employees of the enterprise and more. Given this, it is precisely the wide and skillful use of economic methods that makes it possible to avoid unwanted miscalculations, and even to prevent certain risks in economic activity. We also show in the article that in today's conditions without the skillful use of economic management methods it is impossible to achieve the desired results in the activities of an enterprise, because economic management methods cover a range of interrelated issues, without which it is useless to hope The article also reflects the role of economic methods and their complementary components that directly affect the development of social significance of the enterprise, which is currently extremely important, because it allows to ensure effective and positive morale of employees. The publication pays special attention to the exceptional importance of economic management methods, which are quite effective levers in ensuring effective self-sufficiency of the enterprise, because only on a settlement basis in each area of economic activity it becomes possible to ensure the main task of the economic enterprise. . This publication shows in a very meaningful way how economic management methods contribute to the performance of certain interrelated relevant management functions. Some examples of achieved production and financial achievements, as well as material incentives for workers in agricultural enterprises of Volyn region through the use of effective management methods

Suggested Citation

  • Vasyl Bytov & Liudmyla Horbach & Valeriy Kotliarov, 2021. "Economic management methods as the main levers of effective enterprise development," E-Forum Working Papers, Economic Forum, vol. 11(2), pages 55-61, May.
  • Handle: RePEc:cuc:eforum:v:11:y:2021:i:2:p:55-61
    DOI: https://doi.org/10.36910/6775-2308-8559-2021-2-7
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