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Management Solutions For The Innovative Development Of Enterprises Using A Controlling System With Information And Analytical Support

Author

Listed:
  • Yevheniya Polyakova

    (International Technological University "Mykolayiv Polytechnics", Ukraine)

  • Dmytro Lypovyi

    (State Biotechnological University, Ukraine)

  • Artur Yehiozarian

    (North-Eastern Office of the State Audit Service of Ukraine, Ukraine)

Abstract

The subject of the study is the controlling system in an organisation, which is necessary for information support of the management decision-making process. Methodology. The research applied the methods of economic research: monographic method (when processing scientific sources and reviewing thematic literature); scientific abstraction and generalisation (when studying various methodological approaches to support processes of management decision-making); abstract-logical method (when substantiating key factors that have an impact on processes of management decision-making in the organisation, formulating conclusions of the research conducted); methods of analysis and synthesis (when justifying the phasing of the process of making and implementing management decisions based on innovative development). The purpose of the publication is to substantiate directions for improving the process of making managerial decisions by improving the controlling support. Conclusion. The controlling process is an important function and stage of the management process in general and of the organisation's management decision-making in particular. The information support of the controlling system is of great importance for the formation of analytical support for the decision-making process. The strategic vector of the organisation's development in the current and future conditions is the innovation component, which must be taken into account when making, implementing and monitoring the implementation of management decisions. In addition to the innovative component, the management decision-making process must take into account external and internal factors of the company's activity, which must be subject to constant monitoring and control. In order to increase the validity of management decisions, it is necessary to have a controlling system in the management of innovative processes based on an innovative anticipatory element. The paper offers a model of managerial decision-making with the use of controlling support, which is aimed at increasing the competitiveness of an organisation on the basis of innovative development.

Suggested Citation

  • Yevheniya Polyakova & Dmytro Lypovyi & Artur Yehiozarian, 2023. "Management Solutions For The Innovative Development Of Enterprises Using A Controlling System With Information And Analytical Support," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 9(5).
    • Handle: RePEc:bal:journl:2256-0742:2023:9:5:27
    DOI: 10.30525/2256-0742/2023-9-5-223-229
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    References listed on IDEAS

    as
    1. Papamichail, K. N. & Robertson, I., 2005. "Integrating decision making and regulation in the management control process," Omega, Elsevier, vol. 33(4), pages 319-332, August.
    2. Lueg, Rainer & Radlach, Ronny, 2016. "Managing sustainable development with management control systems: A literature review," European Management Journal, Elsevier, vol. 34(2), pages 158-171.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Yurii Senyk & Ihor Senchyk & Nataliia Nosach, 2024. "Strategic Controlling Tools In The Management Of Ukrainian Agricultural Companies," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 10(1).

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    More about this item

    Keywords

    management; control; information support; innovation; competitiveness; organisation;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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