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Peculiarities of enterprise’s competitive strategy formation and implementation under the conditions of international competition. by Anastasiya Pronina Group: МЕК-09-1 Scientific consultant : Ph.D. in Economics: G.Y.Hluha.
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Peculiarities of enterprise’s competitive strategy formation and implementation under the conditions of international competition. by Anastasiya Pronina Group: МЕК-09-1 Scientific consultant: Ph.D. in Economics: G.Y.Hluha
PECULIARITIES OF THE FORMATION AND IMPLEMENTATION OF ENTERPRISE’S INTERNATIONAL COMPETITION STRATEGY ANALYSIS OF COMPETITIVENESS OF CJSC “Novokramatorsk machine-building plant” WAYS OF INCREASING ENTERPRISE’S COMPETITIVENESS LABOR PROTECTION AT ENTERPRISE.
Main tasks: • to define the concept of competitiveness and factors affecting its level; • to study the methodology for assessing enterprise’s competitiveness; • to analyze factors affecting competitiveness’ increase; • to calculate the key financial indicators of the company and to assess them; • to analyze the activities’ results, including revenue and profitability; • to characterize the main competitors of CJSC “Novokramatorsk machine-building plant” at the foreign markets and to determine the position of the enterprise among them; • to make recommendations on improving the enterprise's competitiveness and to substantiate them in terms of Economics. Object of research: peculiarities of competitiveness increase, the basic elements and indicators of enterprise’s effective functioning on foreign markets on the example of CJSC “Novokramatorsk machine-building plant”.
The main task of studying the problems of enterprise’s competitiveness consists in determining the criteria, as well as in finding the sources and factors of competitiveness. • Study of competitors and the conditions of competition in the industry are necessary for an enterprise, first of all, for determining its advantages and disadvantages as compared to competitors and making conclusions for developing their own successful competitive strategy and maintaining their competitive advantage. Determining the competitiveness is essential for any business entity.
Choosing competitive strategies of development Overall system of managing enterprise’s competitiveness Factors of external environment Factors of internal environment Increasing enterprise’s competitiveness, strengthening competitive position on the global and domestic market, ensuring sustainable development Achieving managerial synergy in the system of corporate management System approach to production diversification and planning Reformation of the personnel management and labor motivation system Reorganization of corporate accounting and analysis system A comprehensive approach to improving the quality and competitiveness of products Improving corporate financial management Informational provision of corporate management system
CJSC “Novokramatorsk machine-building plant” is the leader in the heavy industry of Ukraine and one of the largest enterprises of heavy industry on the European continent. Today the plant specializes in manufacturing a wide range of goods and providing services for both domestic and numerous foreign consumers.
Analyses of production Analyses of market capacity The largest percentage of turnover belongs to equipment for metalworking industry (42%), the second highest – equipment for mining and press forging (34.6%), the third – rolls and power equipment (20.4%), the fourth – metal production (3%) The largest market share belongs to P&H (34%), the second biggest share – to CJSC “Novokramatorsk machine-building plant” (29%), the third – to BEML (India) with 26% market share and the smallest market share belong to OMZ (Russian Federation) (11%)
Innovative model of accelerated evolutionary development of CJSC NKMBP From the best highly organized production – to the best servicing Stage IV High level of satisfaction of existing and future needs of consumers with a high level of quality and service. Mutually beneficial cooperation in the future. High economic benefit of the buyer and the manufacturer. From the best production – to better service and distribution World class elite enterprise Stage III High level of management and organization of production. High level of production and labor efficiency. High level of employees’ well-being WCO – world class organizations Accelerated evolutionary development of JSC NKMZ Intellectual organizations practicing self-education Stage II Organizations acquiring experience High level of enterprise’s intellectual (scientific) potential. High level of personnel’s competence. High level of creativity, commitment, self-improvement, professional growth, creating new values, improving efficiency in all areas of enterprise’s activities, overall corporate culture, a high standard of workers’ living. TQM MSISO 9000:2000 Process-oriented organization Stage I TQM – Total quality management ISO 9000 1985 1990 1995 2000 2003 2005 2010 2015 High level of product, production and labor quality. Improvement of corporate culture. Improving labor efficiency and welfare of workers. Trends in the evolution of new types of highly organized enterprises. Stages of organizational development Period
Within the framework of strategic management of business system of JSC NKMBP the following basic processes have been singled out: 1. creation of new kinds of products, management of investments, after-sale service. 2. Human resources management. 3. Technical preparation of production. 4. Products manufacturing. The use of alltheabovestrategiespredeterminesthepositionof CJSC “Novokramatorsk machine-building plant” onthedomesticandthe worldmarketsof machine-building products, allowsthemtoacquirecompetitiveadvantagesbyincreasingtheefficiencyofmanagementandclearness of objectivesanddirectionsofactivity, toallocateproperlyavailableresourcesbetweenthespheresofbusiness, to improveallsubsystemsoftheenterpriseandto harmonize itspotentialwiththeconditionsoftheenvironment.