New Trends in the Economic Systems Management in the Context of Modern Global Challenges
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New trends in the economic systems management in the context of modern global challenges Collective monograph scientific edited by M. Bezpartochnyi VUZF University of Finance, Business and Entrepreneurship (Sofia, Bulgaria) 2020 1 Chief Editor: Assoc. Prof. Dr. Grigorii Vazov Members: Prof. Doctor of Economic Sciences Metodi Hristov Prof. Dr. Radoslaw Grabowski Prof. Dr. Daniela Bobeva Prof. Dr. Emilia Milanova Prof. Dr. Virginia Zhelyazkova Prof. Dr. Grigor Dimitrov Assoc. Prof. Dr. Yakim Kitanov Assoc. Prof. Dr. Desislava Yosifova Assoc. Prof. Dr. Stanislav Dimitrov Assoc. Prof. Dr. Krassimir Todorov Assoc. Prof. Dr Daniela Ilieva Recommended for publication by the Editorial Board of the VUZF University of Finance, Business and Entrepreneurship Reviewers (international scientific editoral board): Maria Krelowska-Kulas – prof. dr hab., Rector, University of Socio-Economics in Przeworsk, Poland Vazov Radostin – Assoc. Prof. Dr., Vice-Rector, VUZF University of Finance, Business and Entrepreneurship, Bulgaria Tetiana Cherniavska – Doctor in Economics, Professor at the State University of Applied Sciences in Konin, Poland New trends in the economic systems management in the context of modern global challenges: collective monograph / scientific edited by M. Bezpartochnyi // VUZF University of Finance, Business and Entrepreneurship. – Sofia: VUZF Publishing House “St. Grigorii Bogoslov”, 2020. – 309 p. Reproduction or citation reference is mandatory. © Collective of Authors © VUZF Publishing House “St. Grigorii Bogoslov”, Sofia, 2020 ISBN 978-954-8590-85-3 2 New trends in the economic systems management in the context of modern global challenges Contents INTRODUCTION ……………………………………………..…..… 7 Chapter 1 THEORETICAL FOUNDATIONS AND METHODOLOGY OF THE ECONOMIC SYSTEMS MANAGEMENT ………………..... 8 Britchenko I., Bezpartochnyi M. Pandemic economic crisis: essence, reasons, comparative characteristics, opportunities …………………………………...….. 8 Dmuchowski R., Szmitka S. Assessment of the production company’s condition on the basis of financial analysis ………………………………………...……….. 20 Shevchenko O. Development of the national economic system: architecture and inclusive issues ……………………………………………..…….. 31 Chapter 2 STRATEGIC MANAGEMENT AND DEVELOPMENT OF THE ECONOMIC SYSTEMS …................................................................ 41 Artman M., Jarosz P. Tools and best practices in the strategy to enhance investment activity in Poland ……………………………………………......... 41 Dmuchowski R., Szmitka S. Theoretical introduction to issues of financial analysis ………….. 50 Kubičková V., Čukanová M., Benešová D. The impact of socio-technological changes on service ………....... 59 Narkūnienė R., Bražulienė R. Comparative analysis of tourism development in the Baltic States …………………………………………………………………….. 82 3 Németh T., Hegedűs M. Capital structure of SME sector and the strategic development …. 91 Chapter 3 INNOVATION IN THE ECONOMIC SYSTEMS MANAGEMENT …………………………...………………………………………..… 100 Borowska M. The role of logistics in the modern economy ………………….... 100 Cherniavskyi B., Vazov R. Impact of progressive innovative technologies on the development of logistics activities in the context of the coronoviral pandemic …. 111 Lalakulych M., Tsenkler N. Directions and conditions for development of innovation process in enterprises …................................................................................. 120 Štangová N., Víghová A. Innovatios in documentation on the functioning of the companies in Slovakia …..................................................................................... 129 Chapter 4 FINANCIAL-CREDIT AND INVESTMENT ENSURING OF THE ECONOMIC SYSTEMS MANAGEMENT …………………...... 140 Havrylko P., Hushtan T. The essence and role of financial planning in enterprises in modern conditions …………………………………………….…………. 140 Petrenko V., Karnaushenko A. Assessment competitiveness of innovative enterprises with foreign investments …………………………………………………….... 149 Sokolovskа A., Tymchenko O. Real estate taxes in the tax policy of inclusive economic growth ………………………………………………………………….... 159 4 Chapter 5 SOCIO-DEMOGRAPHIC PROCESSES IN THE ECONOMIC SYSTEMS MANAGEMENT …...................................................... 173 Dragan O., Tertychna L., Rybak N. Modern level of human capital of the Ukrainian enterprises in the conditions of technological spreads ………………...…………... 173 Pidlypna R., Kovach M., Indus K. Determination of the vectors of correction and development of the pension system of Ukraine …………………………………...…. 188 Sydorchuk O. Safety aspects of development of social response to the pandemic threat …………………………………………………………….. 200 Chapter 6 MARKETING ENSURE FOR DEVELOPMENT OF THE ECONOMIC SYSTEMS ……………………………….…………. 208 Kolodiychuk A., Hushtan T. Organizational and economic principles of quality management in tourism ………………...…………………………………...……. 208 Kuranovic V. China logistics industry development import and export main factors influencing international transport market growing …………….. 217 Nosachenko O., Baldzhy M. System approach to reserve detection and evaluation in increasing competitiveness of wholesale trading enterprises ......................... 224 Chapter 7 INTRODUCTION OF MODERN INFORMATION TECHNOLOGY IN THE ECONOMIC SYSTEMS MANAGEMENT ……………………………………………….…. 234 Andriushchenko K., Teteruk K. Agile methodologies as a driver for efficient human capital management ...................................................................…….….. 234 5 Lalakulych M., Yuhas E., Rybakova L. Accounting innovation in Ukraine in the conditions of European integration ............................................................…………...….. 245 Mikelsone E., Volkova T., Spilbergs A., Liela E., Frisfelds J. Idea managements systems application framework in companies …………………………………………………………………… 254 Chapter 8 ECONOMIC SYSTEMS MANAGEMENT AT THE LEVEL OF INDUSTRY STRUCTURES …………………………………..…. 267 Bezpartochna O., Britchenko I. Diagnostics the economic efficiency of agricultural enterprises …………………………………………………………………… 267 Kurleto M. Applying of modern information and communication technology strategy to improve efficiency of value creation of commercial enterprise ..............................................................…………...….. 277 Vlasenko I., Gyrych S. The importance of Vinnytsia airport in the economic development of Central Ukraine ………………………………………….....…… 287 Yevtushenko N., Malyshko V., Palamarchuk O. Increasing the level of competitiveness of industries of Ukraine through the introduction of cluster models ………………...…… 297 CONCLUSION ……………………………………………………. 306 6 INTRODUCTION Modern global economic challenges caused by the COVID-19 pandemic and various changes in the structure of the world market of goods and services require the developing of new models of economic systems management based on appropriate strategic management methodology, implementation innovation, use of prospects for various risks caused by the pandemic, implementation mechanisms for ensuring the security of economic systems. Ensuring effective management of economic systems in the current global challenges is impossible without the introduction of a new concept of functioning and sustainable development of economic entities. To ensure effective management of economic systems in the context of modern global challenges it is necessary to determine the state of the economic process of entities and explore the impact of risks on current activities, justify and developing a system to overcome negative effects on economic activity and obtain a positive economic result. The effectiveness of developed conceptual provisions to ensure effective management of economic systems is determined by the ability of the management system to withstand the destructive effects of the external environment and due to the strengths to direct the resources of economic entities to maintain the economic process, able ensure to save resources and cover current costs economic entities, etc. The purpose of writing this collective monograph is to substantiate the theoretical and methodological foundations and the formation of new models of management of economic systems, taking into account pandemic changes in the market environment of economic entities. The object of the author’s research was the process of formation and implementation the models of economic systems management of economic entities in destabilizing the market environment, reducing the business activity of actors under the influence of pandemic changes, closing borders of countries, various restrictions by governments. The subject of the study were socio-economic, organizational and institutional processes of formation and effective implementation of new models of economic systems management of economic entities; formation of mechanisms for preserving the resource potential of economic entities; introduction of scientific achievements and development of innovative potential of economic entities; consideration of the practice of economic systems management using world experience in various sectors of the economy. 7 Chapter 1 THEORETICAL FOUNDATIONS AND METHODOLOGY OF THE ECONOMIC SYSTEMS MANAGEMENT Britchenko Igor Doctor of Economics, Professor State Higher Vocational School Memorial of Prof. Stanislaw Tarnowski in Tarnobrzeg; Doctor of Economics, Professor PANDEMIC VUZF University of Finance, Business ECONOMIC CRISIS: and Entrepreneurship ESSENCE, REASONS, Bezpartochnyi Maksym COMPARATIVE Doctor of Economics, Professor at the CHARACTERISTICS, Department of Economics and