Management of Competitiveness of Enterprise as the Basis of Become Development
Journal: Quarterly Scientific Journal "Economic Herald of the Donbas" (Vol.80, No. 2)Publication Date: 2024-06-20
Authors : Kozak K. Bakay R. Buriachenko Y.;
Page : 99-104
Keywords : competitiveness management; sustainable development; strategic integration; sustainability concept; management models; enterprise adaptability; managerial systems;
Abstract
This article explores contemporary approaches to managing enterprise competitiveness in dynamic market transformations. It emphasizes the paradigm shift from traditional resource-oriented management to a forward-looking, strategically oriented model. This modern approach prioritizes forecasting market changes and leveraging advanced managerial tools to enhance enterprises' adaptability and resilience. The study analyzes the application of key management models β such as the product life cycle model, Michael Porter's five competitive forces framework, and the customer value creation model β as well as comprehensive management systems, including strategic planning, monitoring and evaluation, quality management, and risk management systems. These elements are integral to sustainable enterprise development in a complex and volatile business environment. The article's central argument is that competitiveness should be viewed not only as the result of a successful strategy but also as a defining criterion of long-term business sustainability. The research introduces a conceptual framework for sustainable enterprise development that harmonizes three essential components: economic performance, environmental protection, and social responsibility. This triad forms the basis for long-term value creation and strategic positioning in competitive markets.
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