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Toolkit for Strategic Analysis of the Agricultural Sector Development in a Market Environment

Journal: Accounting and Finance (Vol.1, No. 89)

Publication Date:

Authors : ; ;

Page : 107-113

Keywords : agricultural sector; instruments; market environment; strategic analysis;

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Abstract

The rapid deployment of global globalization processes, the intensification of competition, the active advancement of Ukraine on the path of European integration have a decisive influence on the economic and social development of the agricultural sector. The purpose of the article is to substantiate the toolkit for strategic analysis of the of Ukraine's agricultural sector development in a market environment. Strategic analysis tools with the use of balanced scorecard, PEST analysis and economic and mathematical modeling have been defined. The tools included in the system of balanced indices (investment return, fund return, fund-raising and productivity in agriculture) were analyzed and the state of development of the agricultural sector was assessed. Opportunities and threats to the development of the agrarian sector are identified by means of PEST analysis (political, economic, social and technological factors) with the use of expert assessments and the model of influence of factors (volume of capital investments, amount of expenditures of general and special fund and indirect state support) on the key indicator of development is the volume of agrarian gross domestic product. It was established that the volume of agrarian gross domestic product is most influenced by the amount of indirect state support (due to the special VAT regime of activity in the field of agriculture, forestry and fisheries, as well as fisheries and at the expense of a fixed agricultural tax (of the fourth group single tax)). The strategic guidelines for the development of the agricultural sector in the market environment are regulations that successfully combine the key principles of financial and innovation policy for material support and modernization of agricultural production. Adoption of such documents will have a positive impact on agricultural GDP growth as a strategic development goal of agricultural sector.

Last modified: 2020-11-22 06:09:24