Concept Model for Assessment of the Economic Security Level in Food Industry Enterprises

Teneva, Atanaska; Nikolova-Alexieva, Valentina; Yaneva, Ana

doi:10.1109/hitech.2018.8566418

Cited by 3 publications

(1 citation statement)

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“…According to Eurostat data, electricity consumption by industry, transport activities and households/services (GWh) in Bulgaria varied between 7818 and 8910 GWh for the period 2010‒2016, which is above the electricity consumption of comparable countries such as Estonia (2095‒2152 GWh ), Croatia (3478‒3291), Latvia (1590‒1667 GWh) and Slovenia (5487‒6057 GWh). The achievement of energy efficiency of production technologies is assisted by project management of the corresponding innovations (Teneva et al , 2018).…”

Section: Resultsmentioning

confidence: 99%

Integrated business model for sustainability of small and medium-sized enterprises in the food industry

Topleva

Prokopov

2020

BFJ

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Purpose The ecological footprint of the food industry and the requirements of the bio-based economy result in the need for deepening the concept of corporate sustainability. CSR provokes the implementation of eco-innovation with high value added. A main source of value added and sustainability is the integrated implementation of ecodesign practices . The purpose of this paper is to systemize an integrated model for the product ecodesign implementation, which combines not only the industrial and process ecodesign but also the overall organizational and socio-economic context of SMEs in food industry, reflected in CSR and value added for stakeholders. Design/methodology/approach The methodology for implementation of business model for sustainability of the SMEs in the food industry through ecodesign is based on vertical and horizontal integration of well-known self-relevant environmental, social and economic tools such as corporate social responsibility, life-cycle assessment, MET matrix, ecolabelling and stakeholder approach for production and marketing of high-value-added eco-products. Findings This study proposes an algorithm for implementation of an integrated business model for SMEs sustainability in the food industry, focusing on high-value-added delivery for stakeholders, based on corporate social responsibility, functional innovation and eco-efficiency. The ecodesign based on CSR business practice in food industry allows simultaneous optimization of environmental aspects and cost structure of products in conditions of improved quality and functionality. Thus, ecodesign contributes to the diversification not only of the company’s product portfolio, but also to opening of new marketplaces and the implementation of new market strategies by increasing the value added. Practical implications The research identifies actions, which SMEs in food industry can follow to achieve ecological redesign of their business and production processes that simultaneously enhance product functionality and resource efficiency. Originality/value The academic and the social value of the research is the focus on ecodesign and its implementation in SMEs in the food industry as a tool for creation of multidimensional high value added for stakeholders in bio-based economy.

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Section: Resultsmentioning

confidence: 99%

Integrated business model for sustainability of small and medium-sized enterprises in the food industry

Topleva

Prokopov

2020

BFJ

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National and European policy supporting the development of innovation in Bulgarian enterprises

Gigova

2024

12th International Scientific Conference “Techsys 2023” – Engineering, Technologies and Systems

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Assessment of the level of financial and economic security at machine-building enterprises: evidence from Ukraine

Череп

Babmindra

Khudoliei

et al. 2020

Problems and Perspectives in Management

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Determining the level of financial and economic security of an enterprise allows assessing the real possibilities to confront internal and external challenges and defining the potential for future development. To develop proposals on assessing this level, the study uses data on machine-building enterprises of Zaporizhzhia region (Ukraine) and applies integral method, regression analysis and normalization. The expert evaluation method was used to form the system of key parameters. The experts were economists, the accounting departments’ and the economic security departments’ members of the studied enterprises. The experts selected six indices that they consider to be the most representative of the financial and economic security of an enterprise. These parameters were used to calculate the integral indicator of the level of financial and economic security of enterprises. Harrington’s approach was used to group enterprises according to their level of financial and economic security (very high, high, steady, satisfactory and unsatisfactory). The calculations have shown that the integral indicator of financial and economic security of the enterprises of Zaporizhzhia region ranged from 0.32 to 0.66 for the period 2014–2018. It was justified that along with the support of financial stability, solvency, business activity, profitability, investment attractiveness and innovativeness and absent sharp changes in the environment, the level of financial and economic security of machine builders will increase from 0.4 to 11.9%. AcknowledgmentThe study was carried out within the framework of the state budget theme (state registration number 0117U000512), Establishment of Business Incubators on the Basis of Innovative Development and Ensuring National Financial and Economic Security (2017–2019), Faculty of Economics, Zaporizhzhya National University.

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Concept Model for Assessment of the Economic Security Level in Food Industry Enterprises

Cited by 3 publications

References 0 publications

Integrated business model for sustainability of small and medium-sized enterprises in the food industry

Integrated business model for sustainability of small and medium-sized enterprises in the food industry

National and European policy supporting the development of innovation in Bulgarian enterprises

Assessment of the level of financial and economic security at machine-building enterprises: evidence from Ukraine

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