THE ESSENCE, TYPES AND SEQUENCE OF THE MECHANISM FUNCTIONING FOR ENSURING THE ENTERPRISES ECONOMIC DEVELOPMENT

For many enterprises, ensuring their economic development is a required condition for maintaining a high level of economic efficiency for a long period of time. Economic development affords an opportunity to gain certain long-term competitive advantages that enable business entities to survive in the face of adverse environmental conditions. However, ensuring the economic development of enterprises is a difficult task, the solution of which requires the creation and operation of an effective mechanism for such provision. The development of ensuring mechanism to the economic development of enterprises should be based on appropriate theoretical principles. The research aim is to establish the essence, grouping of species and determining the sequence mechanism functioning of economic development of enterprises. It is shown that this mechanism can be interpreted as an ordered relationships set between the organizational structure elements of the enterprise economic development and between these elements and its external environment, carried out in the form of information flows, as well as the characteristics of these relationships (regarding their content and distribution methods) and procedures for their generation, which are based on the laws of rational business decisions. The mechanism types for ensuring the enterprises economic development were grouped by the number of criteria, duration of use, the coverage degree of the solved tasks, the amount of means used to achieve the objectives, the essence of algorithms for making business decisions and other features. The main stages of the mechanism functioning for ensuring the enterprises economic development were allocated, namely: goals and objectives formation of enterprise economic activity in the context of ensuring its economic development; procedures creation for developing business decisions; drawing up plans and programs for the implementation measures to ensure the enterprise economic development; making business decisions, monitoring their implementation and possible adjustments. The use proposed sequence of mechanism functioning of enterprise economic development in the practice of their activities increases the validity of economic decisions.