RESEARCH AND DEVELOPMENT OF VALUE-TARGET MANAGEMENT IN THE CONDITIONS OF FOREIGN ECONOMIC ACTIVITY

Keywords: value-target management, technology of value-target management, management of foreign economic activity, foreign economic activity, foreign economic activity managers, core competencies, domestic enterprises

Abstract

In today’s crisis conditions, the foreign economic activity of domestic enterprises is not in the best condition. Under such circumstances, the question of finding ways to improve the efficiency of foreign economic activity management of the enterprise remains relevant. Management of foreign economic activity is successful and effective when it is aimed at achieving corporate values and goals. Domestic enterprises usually focus only on goals, which does not allow them to use the potential of their employees as efficiently as possible. Today, the potential of fulfilling the possibilities of value-target management in improving the management of foreign economic activity of the enterprise is not fully disclosed, which determines the need for further research and development of this topic. The purpose of the paper is to research and develop value-target management in the conditions of foreign economic activity. To achieve the goal, the following research methods were used: abstraction, analysis, and synthesis, graphic method, generalization. The article reveals the general aspects of value-target management, and also offers a recommended technology for the implementation of the value-target management of foreign economic activity in the practical activities of the enterprise. The main idea of the value-target management of foreign economic activity is the development of value-target competencies in foreign economic activity managers aimed at achieving the company’s planned goals in the field of foreign economic activity and success in international markets. The paper examines in detail the main stages of the proposed technology of value-target management of the enterprise’s foreign economic activity, provides recommendations for their practical use, and also determines how the effectiveness of the implementation of the proposed measures can be analyzed. The transition from traditional approaches to the management of foreign economic activity to a value-target one will allow domestic businesses to improve the processes of managing foreign economic activity, improve its efficiency, and increase competitiveness in foreign markets. The development of the competencies of foreign economic activity managers will directly affect the company’s achievement of planned indicators in the field of foreign economic activity (increase in the effect of export/import, the efficiency of export/import, increase in the number of concluded foreign economic contracts, etc.).

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Published
2022-11-29
How to Cite
Petryshyn, N., & Yaremchuk, T. (2022). RESEARCH AND DEVELOPMENT OF VALUE-TARGET MANAGEMENT IN THE CONDITIONS OF FOREIGN ECONOMIC ACTIVITY. Economy and Society, (45). https://doi.org/10.32782/2524-0072/2022-45-8
Section
MANAGEMENT