Journal of Legal, Ethical and Regulatory Issues (Print ISSN: 1544-0036; Online ISSN: 1544-0044)


The Impact of Modernization on the Competitiveness Increase of the Enterprise and Provision of its Economic Security

Author(s): Svitlana Tulchynska, Olha Popelo, Olga Garafonova, Viktoriia Marhasova, Tetiana Tkachenko

Within the article, it is proposed to model of the modernization factor impact on the competitiveness and economic security of the enterprise. For economic modeling of enterprise behavior, the authors propose that the key parameters of the analysis of changes in the level of competitiveness include the speed of modernization, the stability of competitive positions and the scope of modernization changes. The sequence of formalization of the economic-mathematical model of factor analysis of the integration impact of modernization on the competitiveness of the enterprise and ensuring its economic security includes the stage of formalization of parameters, and then determines their weight and gradation; the next stage determines the reference or industry average values. At the penultimate stage of modeling the tools, the general formula of integrated indicators is formalized, based on the importance of parameters. The last stage of factor analysis is to adjust the tools for estimating the parameters of the 3S model, which is focused on taking into account market, sectoral and technological specifications of products or services.

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