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

Author

Listed:
  • Tatyana Khudyakova

    (South Ural State University, Russian Federation)

  • Andrey Shmidt

    (South Ural State University, Russian Federation)

  • Svetlana Shmidt

    (Saint Petersburg State University, Russian Federation)

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%.

Suggested Citation

  • Tatyana Khudyakova & Andrey Shmidt & Svetlana Shmidt, 2019. "Implementation of controlling technologies as a method to increase sustainability of the enterprise activities," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(2), pages 1185-1196, December.
    • Handle: RePEc:ssi:jouesi:v:7:y:2019:i:2:p:1185-1196
    DOI: 10.9770/jesi.2019.7.2(27)
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    References listed on IDEAS

    as
    1. Biswaraj Ghosh & Christian Herzig & Musa Mangena, 2019. "Controlling for sustainability strategies: findings from research and directions for the future," Journal of Management Control: Zeitschrift für Planung und Unternehmenssteuerung, Springer, vol. 30(1), pages 5-24, April.
    2. Ulyana A. Pozdnyakova & Elena G. Popkova & Irina M. Kuzlaeva & Olga M. Lisova & Nelli A. Saveleva, 2017. "Strategic Management of Clustering Policy During Provision of Sustainable Development," Contributions to Economics, in: Elena G. Popkova & Valentina E. Sukhova & Aleksey F. Rogachev & Yulia G. Tyurina & Olga A. Boris & V (ed.), Integration and Clustering for Sustainable Economic Growth, pages 413-421, Springer.
    3. Vladimir Zhuravlyov & Natalia Varkova & Sergei Aliukov & Tatyana Khudyakova, 2018. "Strategic Aspects of Ensuring Sustainable Development of Gold Enterprises of the Russian Federation," Sustainability, MDPI, vol. 10(12), pages 1-18, November.
    4. Mohammad Sadegh Sanie & Fatemehsadat Mousavifard & Abdolhossein Ayoubi, 2016. "The effect of automated information system on efficiency and innovation," International Journal of Economics and Business Research, Inderscience Enterprises Ltd, vol. 12(2), pages 169-179.
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    Cited by:

    1. Tatyana Khudyakova & Vladimir Zhuravlyov & Natalia Varkova & Sergei Aliukov & Svetlana Shmidt & Nicolay Zhuravlyov, 2020. "Improving Approaches to Strategic Enterprise Management in the Context of Sustainable Development," Sustainability, MDPI, vol. 12(20), pages 1-20, October.

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    More about this item

    Keywords

    stability of the enterprise; economic sustainability; financial sustainability; controlling system; controlling technologies; risk; disturbing influences; effectiveness;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy

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