A BALANCED MONITORING SYSTEM AS AN ELEMENT OF ENTERPRISE MANAGEMENT SYSTEM

The article is dedicated to the study of a balanced monitoring system as an element of the enterprise management system. The purpose of the research is to analyze, systematize, and summarize the existing theoretical and methodological aspects of the implementation of a balanced monitoring system and to develop conceptual foundations for monitoring within the enterprise management system. The study examines in detail the role of monitoring as an essential tool in the enterprise management system, particularly in the agricultural sector. It has been determined that monitoring ensures comprehensive control and analysis of various aspects of activity, providing managers with timely and accurate information for making effective managerial decisions. The research demonstrates that promptly identifying deviations and risks allows enterprises to quickly respond to changes, adjust their actions, and minimize potential losses, which is especially important in a dynamic market environment. It is substantiated that monitoring allows enterprises to evaluate the effectiveness of their activities from different perspectives: financial, production, human resources, and environmental, contributing to the identification of strengths and weaknesses in operations and helping to determine priority areas for development. Arguments are provided regarding the importance of monitoring in strategic planning, as it provides the necessary information for forming long-term plans, considering current and projected changes in market conditions. It has been revealed that a balanced monitoring system, which takes into account not only financial but also non-financial indicators, helps to avoid a one-sided approach to enterprise management, facilitating more informed decision-making. The study on the effectiveness of using a balanced monitoring system demonstrated its positive impact on improving the competitiveness of enterprises, particularly through the optimization of resource use, improvement of product quality, and cost reduction. It is noted that monitoring plays a key role in ensuring environmental standards and social responsibility of agricultural enterprises, which is an important factor for maintaining market reputation and complying with international norms. The application of modern automated monitoring systems enables enterprises to quickly adapt to changes in the external environment, respond to demand fluctuations, and make necessary adjustments to their activities.

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Publication Details

Journal
Economic scope
Published
2024-11-11
DOI
https://doi.org/10.30838/ep.194.43-48
Primary Topic
Advanced Research in Systems and Signal Processing
Type
article
Field-Weighted Citation Impact
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article

A BALANCED MONITORING SYSTEM AS AN ELEMENT OF ENTERPRISE MANAGEMENT SYSTEM

Artur Yehiozarian
Economic scope
Advanced Research in Systems and Signal Processing
article

A BALANCED MONITORING SYSTEM AS AN ELEMENT OF ENTERPRISE MANAGEMENT SYSTEM

Artur Yehiozarian
article en

Abstract

The article is dedicated to the study of a balanced monitoring system as an element of the enterprise management system. The purpose of the research is to analyze, systematize, and summarize the existing theoretical and methodological aspects of the implementation of a balanced monitoring system and to develop conceptual foundations for monitoring within the enterprise management system. The study examines in detail the role of monitoring as an essential tool in the enterprise management system, particularly in the agricultural sector. It has been determined that monitoring ensures comprehensive control and analysis of various aspects of activity, providing managers with timely and accurate information for making effective managerial decisions. The research demonstrates that promptly identifying deviations and risks allows enterprises to quickly respond to changes, adjust their actions, and minimize potential losses, which is especially important in a dynamic market environment. It is substantiated that monitoring allows enterprises to evaluate the effectiveness of their activities from different perspectives: financial, production, human resources, and environmental, contributing to the identification of strengths and weaknesses in operations and helping to determine priority areas for development. Arguments are provided regarding the importance of monitoring in strategic planning, as it provides the necessary information for forming long-term plans, considering current and projected changes in market conditions. It has been revealed that a balanced monitoring system, which takes into account not only financial but also non-financial indicators, helps to avoid a one-sided approach to enterprise management, facilitating more informed decision-making. The study on the effectiveness of using a balanced monitoring system demonstrated its positive impact on improving the competitiveness of enterprises, particularly through the optimization of resource use, improvement of product quality, and cost reduction. It is noted that monitoring plays a key role in ensuring environmental standards and social responsibility of agricultural enterprises, which is an important factor for maintaining market reputation and complying with international norms. The application of modern automated monitoring systems enables enterprises to quickly adapt to changes in the external environment, respond to demand fluctuations, and make necessary adjustments to their activities.

Economic scope(194)
Openalex Percentile: Top 76%
Advanced Research in Systems and Signal Processing
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