Effectiveness of corporate management of the enterprise: provision and challenges in the agricultural sector

Increased competition in domestic and international markets and the need to comply with ESG standards make corporate management an essential tool for stability and ensuring growth. Innovative technologies, digitalization, and effective risk management can become key factors for the success of enterprises in this area. The article aimed to determine the features of ensuring the effectiveness of corporate management of an enterprise, as well as to clarify the current challenges characteristic of the agricultural sector. In conditions of uncertainty for the agricultural sector of Ukraine, a comprehensive approach to assessing the effectiveness of corporate management plays a key role. It has been proven that agricultural enterprises should focus on financial stability, operational efficiency, the introduction of innovations, and risk management. Management flexibility, adaptation to new markets, and involvement in modern technologies are essential to maintain competitiveness. A list of key indicators for analyzing the effectiveness of corporate management of an agricultural enterprise is substantiated, and their characteristics and application features are presented. Risk management, adaptation to new markets, and introduction of modern technologies become critical. The current challenges of corporate management in the agricultural sector are analyzed. Agricultural enterprises implementing ESG standards and investing in digital technologies have a better chance of successful development. In general, the combination of strategic planning, innovation, and effective risk management contributes to increasing the resilience of the agricultural sector in challenging economic conditions. Attention is paid to the study of weaknesses that require additional attention from managers during the implementation of the process of effective corporate management of agricultural enterprises. Keywords: corporate management, enterprise, agrarian sphere, efficiency assurance, efficiency criteria, costs, risk.

Authors

Publication Details

Journal
Ukrainian Journal of Applied Economics and Technology
Published
2024-11-27
DOI
https://doi.org/10.36887/2415-8453-2024-4-69
Primary Topic
Economic and Business Development Strategies
Type
article
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article

Effectiveness of corporate management of the enterprise: provision and challenges in the agricultural sector

Yuliia Bereza
Ukrainian Journal of Applied Economics and Technology
Economic and Business Development Strategies
article

Effectiveness of corporate management of the enterprise: provision and challenges in the agricultural sector

Yuliia Bereza
article en

Abstract

Increased competition in domestic and international markets and the need to comply with ESG standards make corporate management an essential tool for stability and ensuring growth. Innovative technologies, digitalization, and effective risk management can become key factors for the success of enterprises in this area. The article aimed to determine the features of ensuring the effectiveness of corporate management of an enterprise, as well as to clarify the current challenges characteristic of the agricultural sector. In conditions of uncertainty for the agricultural sector of Ukraine, a comprehensive approach to assessing the effectiveness of corporate management plays a key role. It has been proven that agricultural enterprises should focus on financial stability, operational efficiency, the introduction of innovations, and risk management. Management flexibility, adaptation to new markets, and involvement in modern technologies are essential to maintain competitiveness. A list of key indicators for analyzing the effectiveness of corporate management of an agricultural enterprise is substantiated, and their characteristics and application features are presented. Risk management, adaptation to new markets, and introduction of modern technologies become critical. The current challenges of corporate management in the agricultural sector are analyzed. Agricultural enterprises implementing ESG standards and investing in digital technologies have a better chance of successful development. In general, the combination of strategic planning, innovation, and effective risk management contributes to increasing the resilience of the agricultural sector in challenging economic conditions. Attention is paid to the study of weaknesses that require additional attention from managers during the implementation of the process of effective corporate management of agricultural enterprises. Keywords: corporate management, enterprise, agrarian sphere, efficiency assurance, efficiency criteria, costs, risk.

Ukrainian Journal of Applied Economics and TechnologyVol. 2024(4)
Openalex Percentile: Top 66%
Economic and Business Development Strategies
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