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Economic Mechanism of Industrial Enterprise Resources Management Efficiency Assessment

Author

Listed:
  • N. A. Goncharova*

    (Ural State University of Economics, 62, 8 March Street, 620144, Russia)

  • I. S. Kondratenko

    (Ural State University of Economics, 62, 8 March Street, 620144, Russia)

  • E. N. Zamaraeva

    (Ural State University of Economics, 62, 8 March Street, 620144, Russia)

Abstract

The gist of this article boils down to a model for assessing the economic potential of chemical enterprises. The article is very urgent nowadays because we propose a model for assessing the economic potential of enterprises in this sector. Chemical enterprises occupy a significant place in the economy as they have a significant impact on the performance of related industries. The article comments on the formation of economic mechanisms for assessing the effectiveness of resource management of industrial enterprises. To develop a mechanism for optimizing economic resources seven enterprises located in the territory of the Ural Federal District were selected. The selection was carried out according to the type of economic activity. The authors propose a model for assessing the economic potential of chemical enterprises, develop a methodical approach and a scale of resource potential that will allow us estimating various options for the use of resources, identify reserves for competitive development of enterprises. A methodical approach and a scale of resource potential being developed, it is possible to evaluate various options for the use of resources and to identify reserves for the competitive development of enterprises. The activity of any enterprise is aimed at maximizing financial results. To achieve this goal it is necessary to distribute resources available to the economic entity considering the influence of the macro environment. A comprehensive analysis of the rationality of resource management can be carried out using the integrated assessment model.

Suggested Citation

  • N. A. Goncharova* & I. S. Kondratenko & E. N. Zamaraeva, 2018. "Economic Mechanism of Industrial Enterprise Resources Management Efficiency Assessment," The Journal of Social Sciences Research, Academic Research Publishing Group, vol. 4(12), pages 470-477, 12-2018.
    • Handle: RePEc:arp:tjssrr:2018:p:470-477
    as

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    References listed on IDEAS

    as
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    2. Bert Scholtens & Dick van Wensveen, 2003. "The Theory of Financial Intermediation: An Essay On What It Does (Not) Explain," SUERF Studies, SUERF - The European Money and Finance Forum, number 2003/1 edited by Morten Balling, May.
    3. Aktas, Nihat & Croci, Ettore & Petmezas, Dimitris, 2015. "Is working capital management value-enhancing? Evidence from firm performance and investments," Journal of Corporate Finance, Elsevier, vol. 30(C), pages 98-113.
    4. Pereiro, Luis E., 2006. "The practice of investment valuation in emerging markets: Evidence from Argentina," Journal of Multinational Financial Management, Elsevier, vol. 16(2), pages 160-183, April.
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