Building an Organizational and Economic Mechanism for the Development of Woodworking Enterprises
The article substantiates the fact that several approaches should be considered when building an organizational and economic mechanism for the development of woodworking enterprises, in particular: process-based, innovative, institutional, and systems approaches. It should utilize an integrated appr...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Vasyl Stefanyk Precarpathian National University
2024-12-01
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| Series: | Journal of Vasyl Stefanyk Precarpathian National University |
| Subjects: | |
| Online Access: | https://journals.pnu.edu.ua/index.php/jpnu/article/view/8660 |
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| Summary: | The article substantiates the fact that several approaches should be considered when building an organizational and economic mechanism for the development of woodworking enterprises, in particular: process-based, innovative, institutional, and systems approaches. It should utilize an integrated approach that considers the interaction of organizational and economic elements. Its efficiency is determined by harmonizing components at macro, meso, and micro levels, fostering connections and incentives that address enterprise needs and maintain competitiveness. The article emphasizes that innovative approaches to building an organizational and economic mechanism, such as the introduction of the latest technologies and improvement of management practices, are critical tools for improving the efficiency of woodworking enterprises. The development of an innovation strategy and the creation of favorable conditions for the implementation of innovations helps to improve product quality, reduce costs, and ensure the resilient development of the enterprise. Optimal resource use and effective management are essential for long-term success and competitiveness. The article asserts that the growth of woodworking enterprises requires adherence to the principles of organizational and economic mechanisms—integrity, functionality, structure, dynamism, and hierarchy—to integrate business processes, enhance efficiency, and adapt to changing conditions. The authors identify key elements of the organizational and economic mechanism—managerial, financial, technological, and marketing tools—that are crucial for enhancing enterprise competitiveness and efficiency. They emphasize that implementing modern management systems, optimizing financial resources, modernizing technology, and adapting marketing strategies drive high performance in a dynamic market. The article demonstrates that an integrated approach to optimizing these tools ensures the resilience, profitability, and competitiveness of woodworking enterprises, which is essential for their long-term success in today’s economic environment. |
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| ISSN: | 2311-0155 2413-2349 |