Management of Competitiveness of Enterprise as the Basis of Become Development

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 – such as the product life cycle model, Michael Porter’s five competitive forces framework, and the customer value creation model – 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. Particular attention is given to the interdependence between effective competitiveness management and realizing sustainable development goals. The article posits that strategic management practices that enhance competitiveness also directly contribute to the enterprise’s ability to operate responsibly, innovate consistently, and respond flexibly to external changes. It is further argued that the relationship between enterprise development and competitiveness management is fundamental and multidimensional. These two domains are interlinked in conceptual and operational terms. Enterprise development management encompasses long-term strategic goal setting, resource mobilization, technological modernization, innovation management, structural optimization, and proactive adaptation to external challenges. Meanwhile, enterprise competitiveness reflects the organization’s capacity to function efficiently in market conditions, strengthen and expand its market presence, develop unique competitive advantages, and maintain stable profitability over time. This holistic view underscores the necessity of integrating sustainability principles into the core of competitiveness strategies, thus fostering enterprises capable of thriving in the face of future uncertainties.

Authors

Publication Details

Journal
Economic Herald of the Donbas
Published
2025-01-01
DOI
https://doi.org/10.12958/1817-3772-2025-2(80)-99-104
Primary Topic
Economic and Business Development Strategies
Type
article
Field-Weighted Citation Impact
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article

Management of Competitiveness of Enterprise as the Basis of Become Development

Kateryna Kozak, Roman Bakay, Yurii Buriachenko
Economic Herald of the Donbas
Economic and Business Development Strategies
article

Management of Competitiveness of Enterprise as the Basis of Become Development

Kateryna Kozak, Roman Bakay, Yurii Buriachenko
article en

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 – such as the product life cycle model, Michael Porter’s five competitive forces framework, and the customer value creation model – 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. Particular attention is given to the interdependence between effective competitiveness management and realizing sustainable development goals. The article posits that strategic management practices that enhance competitiveness also directly contribute to the enterprise’s ability to operate responsibly, innovate consistently, and respond flexibly to external changes. It is further argued that the relationship between enterprise development and competitiveness management is fundamental and multidimensional. These two domains are interlinked in conceptual and operational terms. Enterprise development management encompasses long-term strategic goal setting, resource mobilization, technological modernization, innovation management, structural optimization, and proactive adaptation to external challenges. Meanwhile, enterprise competitiveness reflects the organization’s capacity to function efficiently in market conditions, strengthen and expand its market presence, develop unique competitive advantages, and maintain stable profitability over time. This holistic view underscores the necessity of integrating sustainability principles into the core of competitiveness strategies, thus fostering enterprises capable of thriving in the face of future uncertainties.

Economic Herald of the Donbas(2 (80))
Openalex Percentile: Top 64%
Economic and Business Development Strategies
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