STRATEGIC MANAGEMENT OF BUSINESS PROCESSES OF THE ENTERPRISE: ESSENCE AND MAIN PROVISIONS

Strategic management of business processes is a key element in the recovery of the Ukrainian economy after the war. Its implementation will allow businesses to adapt to new conditions, ensure flexibility, increase efficiency and contribute to the overall development of the country. By clearly defining and optimising business processes, companies will be better able to withstand unpredictable changes in the market.To date, a wealth of theoretical and practical experience has been gained in the strategic management of enterprises. However, insufficient attention is paid to the formation and implementation of the basic provisions, methods and tools, definition of the essence and content of strategic management of business processes.Based on a critical analysis of the existing interpretations of the concepts like "strategic management" and "business process management", allocation of their main features, the article formulates a definition of the concept “ strategic management of business processes”. Strategic management of business processes of enterprise is a complex activity of defining (formulating) goals and directions of functioning (development) of business processes of enterprise, development of methods of their achievement and continuous adaptation to changes in the internal and external environment.It is substantiated that the theoretical basis of the strategic management of business processes of enterprise consists of the main three approaches: target, process and resource. The target approach to the strategic management of business processes focuses on setting clear and measurable goals for each business process. It allows businesses to define and achieve their strategic goals more effectively by optimising work processes and resource use. Implementation of the process approach in strategic management implies perception of the organisation as a system of interdependent processes aimed at creating value for customers. This approach is implemented through the interaction between the relevant processes and the achievement of strategic compliance and coherence of the company's business processes. The resource-based approach involves the efficient use of the enterprise's unique resources and capabilities to ensure sustainable competitive advantages in the market.Areas for further research include the creation of models for the formation, coordination and implementation of strategies for business processes of an enterprise.

Authors

Publication Details

Journal
Economics of the transport complex
Published
2024-11-08
DOI
https://doi.org/10.30977/etk.2225-2304.2024.44.7
Citations
1
Primary Topic
Economic Issues in Ukraine
Type
article
Field-Weighted Citation Impact
0.83
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article

STRATEGIC MANAGEMENT OF BUSINESS PROCESSES OF THE ENTERPRISE: ESSENCE AND MAIN PROVISIONS

О. KRYVORUCHKO, E. TOKAREV
1 citations
Economics of the transport complex
Economic Issues in Ukraine
0.83
article

STRATEGIC MANAGEMENT OF BUSINESS PROCESSES OF THE ENTERPRISE: ESSENCE AND MAIN PROVISIONS

О. KRYVORUCHKO, E. TOKAREV
article en
1 citations

Abstract

Strategic management of business processes is a key element in the recovery of the Ukrainian economy after the war. Its implementation will allow businesses to adapt to new conditions, ensure flexibility, increase efficiency and contribute to the overall development of the country. By clearly defining and optimising business processes, companies will be better able to withstand unpredictable changes in the market.To date, a wealth of theoretical and practical experience has been gained in the strategic management of enterprises. However, insufficient attention is paid to the formation and implementation of the basic provisions, methods and tools, definition of the essence and content of strategic management of business processes.Based on a critical analysis of the existing interpretations of the concepts like "strategic management" and "business process management", allocation of their main features, the article formulates a definition of the concept “ strategic management of business processes”. Strategic management of business processes of enterprise is a complex activity of defining (formulating) goals and directions of functioning (development) of business processes of enterprise, development of methods of their achievement and continuous adaptation to changes in the internal and external environment.It is substantiated that the theoretical basis of the strategic management of business processes of enterprise consists of the main three approaches: target, process and resource. The target approach to the strategic management of business processes focuses on setting clear and measurable goals for each business process. It allows businesses to define and achieve their strategic goals more effectively by optimising work processes and resource use. Implementation of the process approach in strategic management implies perception of the organisation as a system of interdependent processes aimed at creating value for customers. This approach is implemented through the interaction between the relevant processes and the achievement of strategic compliance and coherence of the company's business processes. The resource-based approach involves the efficient use of the enterprise's unique resources and capabilities to ensure sustainable competitive advantages in the market.Areas for further research include the creation of models for the formation, coordination and implementation of strategies for business processes of an enterprise.

Economics of the transport complex(44)
Openalex Percentile: Top 20%
Economic Issues in Ukraine
0.83
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