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Increasing the Economic Sustainability of the Company JSC “Novoazovskoe”

In: Knowledge, Innovation and Sustainable Development in Organizations

Author

Listed:
  • Victoria Kopeikina

    (Omsk State Agrarian University)

  • Paula Odete Fernandes

    (UNIAG, Applied Management Research Unit; NECE, Research Unit in Business Sciences (UBI), Polytechnic Institute of Bragança (IPB), Campus de Santa Apolónia)

  • Olga Kosenchuk

    (Omsk State Agrarian University)

Abstract

Increasing the economic sustainability of an enterprise represents one of the most important problems in current global economic and political conditions. For agricultural companies this issue is highly important. One of the ways to increase economic sustainability is by improving the quality of harvested feed for animals, namely, haylage. In this chapter, the meaning of “economic sustainability” and ways of increasing it were taken into account. The joint-stock company “Novoazovskoe” of Azovsky German National District of Omsk region of the Russian Federation was the enterprise considered for our study. According to the topic of the chapter, the general analysis of legal, managerial, financial and productive information of the considered enterprise was implemented. To identify the most prospective ways of increasing economic sustainability in terms of harvesting system, it was implemented the analysis of existing haylage, the harvesting system. In the final chapter, it was set forth a modern system of haylage harvesting, highlighting the need for purchasing required machineries to implement the new system. With the implementation of this new haylage harvesting system undergone, the economic results are also presented. The main results show that after the implementation of the new haylage harvesting system, the total volume of good haylage increased up to 88% of total remained mass and 93% of initial harvested mass. Accumulated gross profit for 5 years received from realization of the surplus of a good haylage was more than 29 million rubles.

Suggested Citation

  • Victoria Kopeikina & Paula Odete Fernandes & Olga Kosenchuk, 2019. "Increasing the Economic Sustainability of the Company JSC “Novoazovskoe”," Innovation, Technology, and Knowledge Management, in: Marta Peris-Ortiz & João J. Ferreira & Jose M. Merigó Lindahl (ed.), Knowledge, Innovation and Sustainable Development in Organizations, chapter 0, pages 165-191, Springer.
    • Handle: RePEc:spr:innchp:978-3-319-74881-8_11
    DOI: 10.1007/978-3-319-74881-8_11
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