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Efficiency of Activity of Entrepreneurs Under Modern Economic Conditions

Author

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  • Bedrinets Miroslava D.

    (National University of State Tax Service of Ukraine)

Abstract

The article studies the "enterprise" and "efficiency of economic activity of an enterprise" notions. It forms own definition of efficiency of an enterprise, which is a complex assessment of final results of the use of main and circulating funds, labour and financial resources and intangible assets. The article considers a system of indicators that are used for assessing efficiency of economic activity of entrepreneurs. It reflects main structural indicators of activity of entrepreneurs in Ukraine during 2008-2011. It provides calculations of main indicators of economic activity of Ukrainian enterprises. It identifies reasons of worsening of the assessment of economic activity. It reveals the most unprofitable spheres of economic activity of enterprises. It justifies main instruments of increase of efficiency of activity of enterprises. The author offers a system of indicators for analysis of efficiency of production and economic activity of an enterprise, which clearly and in more detail defines the essence of the production process. It draws a conclusion that an economic analysis should be conducted at enterprises and other organisations at least once a year and in an established form, and results of the analysis should supplement reports of an enterprise, which were prepared for tax authorities and statistics institutions. These competent authorities should compare authenticity and objectivity of the analysis. The firms that did not provide objective study of their activity should stop their activity.

Suggested Citation

  • Bedrinets Miroslava D., 2013. "Efficiency of Activity of Entrepreneurs Under Modern Economic Conditions," Business Inform, RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE), Kharkiv National University of Economics, issue 4, pages 183-190.
    • Handle: RePEc:idp:bizinf:y:2013:i:4:p:183_190
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