The Influence of Globalization Processes on Forecasting the Activities of Market Entities
الموضوعات :
Nazariy Popadynets
1
,
Olga Vyshnevska
2
,
Inna Irtyshcheva
3
,
Iryna Kramarenko
4
,
Maryna Ponomarova
5
1 - Scientific-Educational Institute of Entrepreneurship and Perspective Technologies of Lviv Polytechnic National University, Lviv, Ukraine
2 - Mykolayiv National Agrarian University, Ukraine
3 - Admiral Makarov National University of Shipbuilding, Ukraine
4 - Admiral Makarov National University of Shipbuilding, Ukraine
5 - Kharkiv National Agrarian University named after Dokuchaiev, Ukraine
الکلمات المفتاحية: Globalization, forecasting, Security, Analytical Problem, Competitive Positions, Transnational Companies,
ملخص المقالة :
The paper outlines the essence, components, and features of globalization from the viewpoint of manifestations in society, development priorities, and possible threats. The processes taking place in the globalized environment are proven to require market participants to adapt to changes in the external environment, including through the expansion of the spheres of transnational business influence. A significant increase in the influence of geopolitical, geosocial, geo-economic, and environmental factors on a global level is emphasized. The paper proves that the development of the world economy, individual states, and regions of the world should be focused on a set of global factors that determine potential opportunities and the priority threats of market entities. A significant advantage of modern activity management is the timely identification of priority approaches to adapting solutions in order to prevent threats, conduct analytical assessments, and predict (plan) the activities of entities in the context of the growing influence of transnational business using appropriate methodological approaches to economic analysis. The authors argue that the development of business ideas, the formation of business plans, and forecasting the results of market entities’ activities should take into account the relevant capabilities and input conditions that will allow a timely response to ensure the adequacy of actions and forecasts. The efficiency of forecasting (planning) activities and adjusting managerial decisions is emphasized. The calculations are based on the method of extrapolating trends according to the equation of the line to predict the activities of a market entity. The paper proves that expansion of the activity domain of the transnational business fosters the maintenance of efficient management mechanisms that allow quick change of approaches to holding the domestic and external policy of business processes.
Acemoglu, D., & Robinson, J.A. (2015). Why are some countries rich and others poor. The origin of power, prosperity and poverty. Moscow: AST.
Bilorus, O.G. (2003). The economic system of globalism. Kiev: KNEU, 2003. 380 с.
Halchynskyy, A. S. (2006). Global transformations: conceptual alternatives: methodological aspects. Kiev: Lybid.
Herst, P., & Tompson, H. (2002). Doubts about globalization. Kiev: K.I.S.
Holovko, T.V., & Sahova, S.V. (2002). Strategic analysis. Kiev: KNEU.
Krysovatyy, A., Zvarych, I., Zvarych, R., Zhyvko, М. (2018). Preconditions for tax environment of alterglobal development. Comparative Economic Research. 21(4), 139–154.
Melnyk, M., Korcelli-Olejniczak, E., Chorna, N., & Popadynets, N. (2018). Development of Regional IT clusters in Ukraine: institutional and investment dimensions. Economic Annals-XXI, 173(9-10), 19-25. https://doi.org/10.21003/ea.V173-03
Nort, D. (2010). Understanding the process of economic change. Kiev: High School of Economics.
Redchenko, K.I. (2003). Strategic analysis in business. Lviv: “New World – 2000”.
Robertson, R., & White, K. E. (Ed.) (2003). Globalization or glocalization? Globalisation. Critical conceptin sociology, 3, 31-51.
Shyryahina, O.Ye. (2009). Automation of profit forecasting models. Actual problems of economy, 11(101), 251-263.
Stehnei, M., Irtyshcheva, I., Boiko, Y., & Khaustova, K. (2019). Strategic Priorities and Effectiveness of the Implementation of the State Policy for Sustainable Agricultural Development in Ukraine. Public Policy and Administration. Vol.18, no 2, 194-208. https://doi.org/10.13165/VPA-19-18-2-02
Taylor, J. W. (2004). Volatility forecasting with smooth transition exponential smoothing. International Journal of Forecasting, 20, 273-286.
The official site of International Monetary Fund (2020). Retrieved April, 20, 2020 from: https://sites.google.com/site/economorganizations/ekonomicni-organizaciie-globalnogo-masstabu/mvf-miznarodnij-valutnij-fond
Vasyltsiv, T., Lupak, R., & Osadchuk, Yu. (2017). Assessment of the level of penetration of import dependence in the context of the import substitution policy in Ukraine. Economic Annals-XXI, 167 (9-10), 13-17. https://doi.org/10.21003/ea.V167-03
Vasyltsiv, T., Irtyshcheva, I., Lupak, R., Popadynets, N., Shyshkova, Y., Boiko, Y., & Ishchenko, O. (2020). Economy’s Innovative Technological Competitiveness: Decomposition, Methodics of Analysis and Priorities of Public Policy. Management Science Letters, 10(13), 3173–3182. doi: 10.5267/j.msl.2020.5.004
Vlasov, V. I. (2012). Globalism: history, theory. Vinnytsia: LLC “Nilan-LTD”.
World Economic Forum. (2020a) Results of the 50th anniversary meeting. Retrieved April, 20, 2020 from: https://www.rbc.ua/static/longread/davos_ukr/index.html
World Economic Forum (2020b). The Global Risks. Report 2020. Retrieved April, 22, 2020 from: http://www3.weforum.org/docs/WEF_Global_Risk_Report_2020.pdf
Yakubiv V. et al. (2020) Application of Economic and Legal Instruments at the Stage of Transition to Bioeconomy. In: Ahram T. (eds) Advances in Artificial Intelligence, Software and Systems Engineering. AHFE 2019. Advances in Intelligent Systems and Computing,965. Springer, Cham. https://doi.org/10.1007/978-3-030-20454-9_64.
