Integral assessment of developmental stability: cases of Lithuania and Ukraine

Abstract

The article highlights three directions of stable development: economic growth, ecological management, social integration which cover all the sectors of development. Main tasks and functions are presented in the context of stable enterprise and society development. They can be carried out with the help of certain indicators and applied in different countries, regions, or industries. Approbation of the proposed mechanism was carried out at Lithuanian waste management sector and Ukrainian metallurgical enterprises. The system of stable development indicators proposed by the authors includes three groups for Lithuanian waste management industry case and five groups of them for Ukraine metallurgical enterprises. The ISI -a stability index which is used for integral assessment of industrial enterprises' developmental stability, and is based on calculating complex indicators of economic, ecological, social, risk and market stability. The mechanism of integrated assessment of enterprise stability has been improved and now allows choosing the optimal continuous monitoring method, giving enterprises an opportunity to work effectively and develop steadily for a long period of time. Developmental stability corresponds to the average level and characterizes the need to develop the dimensions for increasing the level of developmental stability of such enterprises.

Trust cycle of the finance sector and its determinants: The case of Ukraine

“…Numerous scientific studies confirm this fact. Thus, the features of developmental stability in Lithuania and Ukraine are investigated in the works of Filipishyna et al (2018). The specificity of the development of the insurance market in Ukraine compared to European countries is considered in the works of scientists: Kozmenko et al, (2009).…”

Evaluation of quality level in managing the development of industrial enterprises

“…The indicators of development assessment by the economic, social and environmental component for the Lithuanian industry of waste management are developed in paper [7] to assess the tendencies in the industry development. Three levels of sustainable development -low, medium, high -were established.…”

“…The strategic goals, the aim and the place in the strategic groups of the industry are clarified based on the level of development of metallurgical enterprises. However, paper [7] has the shortcomings in establishing the indicators by components. Thus, the economic component includes the extent of the state support for investment projects of the industry, the number of innovative enterprises, and market component includes the existence of the bodies that implement the management of sustainable development.…”

“…Thus, the economic component includes the extent of the state support for investment projects of the industry, the number of innovative enterprises, and market component includes the existence of the bodies that implement the management of sustainable development. In paper [7], it was established that in assessing the level of management of enterprise development, it is advisable to consider the peculiarities of production, competition and risks. An important conclusion was made regarding the harmonization of economic growth, social progress and environmental responsibility for achieving sustainable development.…”

Income distribution peculiarities in differently developed selected European countries versus Qatar

“…Not aiming to embrace all the system of factors, let us just mention some constituents of business environment, which are tackled by the latest scientific literature. The following examples could be provided: business cycle (Bikas & Saponaitė, 2018;Filipishyna et al 2018;Luchko, Arzamasova & Vovk, 2019;Tvaronavičienė, 2018); economic policy (Veselovsky et al, 2018), attitudes to entrepreneurs on the side of the state and society, affecting the propensity to start business (Ključnikov et al, 2016;Naushad et al, 2018;Zajkowski & Domańska, 2019;Dvorský et al, 2019); health of banking system; availability, composition and quality of labour force (Sagiyeva et al, 2018;Prakash, Garg, 2019), accounting system, adopted in a particular country (Vegera et al, 2018;Hilkevics & Semakina, 2019) etc. The list could be continued, of course.…”