Improving Efficiency of Asset Management in the Context of Ensuring Competitiveness of Mechanical Engineering Enterprises in Developing Countries
DOI:
https://doi.org/10.6000/1929-7092.2019.08.73Keywords:
Competitiveness, Developing countries, Mechanical engineering, Enterprise, Asset management.Abstract
The research paper deals with the formation of new scientific solutions regarding increasing the efficiency of asset management in the context of ensuring the competitiveness of mechanical engineering enterprises in developing countries. The study noted the disparity in the development of economically developed and developing countries. It is revealed that one of the main aspects of such disparity is the competitiveness of both the economies of the countries as a whole, and of individual industries and enterprises. At the same time, the importance of ensuring the competitiveness of mechanical engineering enterprises in developing countries was noted, taking into account their potential and opportunities for stimulating GDP and employment growth in these countries. The relationship between the competitiveness of mechanical engineering enterprises and their asset management is established. The main problems of asset management at the mechanical engineering enterprises in the developing countries are localized, and the ways of their elimination are proposed taking into account the division of enterprises into those operating as part of the transnational and foreign corporations, large enterprises with national capital, medium and small enterprises with national capital. A considerable range of problems regarding the asset management in small and medium enterprises was noted. Directions of further scientific researchers are suggested.
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https://doi.org/10.15407/mining10.04.050
Boyarynova, Kateryna O. 2014. “Foreign Experience of Using Innovation Oriented Methods of Ensuring Competitiveness of Engineering Enterprises.”Economi?s and organization of management 3-4: 30-37.
Committee on Statistics of the Republic of Kazakhstan.(2019). Statistical Information, Industry. Retrieved May 18, 2019 (http://stat.gov.kz/faces/wcnav_externalId/homeNumbersIndustry?_afrLoop=1016268814548538#%40%3F_afrLoop%3D1016268814548538%26_adf.ctrl-state%3D8b7694jrs_58)
De Bernardini, Luigi. 2015. The Role of Manufacturing in Economic Development. Retrieved May 18, 2019 (https://www. automationworld.com/role-manufacturing-economic-development)
Dictionary.(2019). ?fficiency. Retrieved May 18, 2019 (https://www. dictionary.com/browse/efficiency)
Dwight, Richard A. and Khaled O.El-Akruti.2009. The Role of Asset Management in Enterprise Strategy Success. 13th annual ICOMS, Asset Management Conference.Informit, pp. 68-76.
Federal Service of State Statistics of the Russian Federation.(2019). Statistical Information, Industrial production.Retrieved May 18, 2019 (http://www.gks.ru/wps/wcm/connect/rosstat_main/ rosstat/ru/statistics/enterprise/industrial/#)
Goncharuk, Anatoliy G. 2007. “Impact of Political Changes on Industrial Efficiency: A Case of Ukraine.”Journal of Economic Studies 34(4): 324-340.
https://doi.org/10.1108/01443580710817443
Gupta, Prashant, Rajesh Jain, and UpinderDhar. 2007. Enhancing Enterprise Competitiveness (Marketing, People, IT and Entrepreneurship). New Delhi: Allied Publishers.
Kolesn?kov, Olexii, Viktor Gogunskii, KaterynaKolesnikova, DmytroLukianov, and TetianaOlekh.2016. “Development of the Model of Interaction among the Project, Team of Project and Project Environment in Project System.”Eastern-European Journal of Enterprise Technologies 9/83: 20-26.
https://doi.org/10.15587/1729-4061.2016.80769
Krivokon, ?aryna. ?. 2016. “Mechanical Engineering in Ukraine: The State, Dynamics and Prospects with Using Effective Concepts of Crisis Management.”Intelekt ??? 5: 182-186.
Kuzubov, ?leksey A. 2016.“Machine-building Enterprises Competitiveness as an Object of Strategic Management.”The bulletin of the Far Eastern Federal University. Economics and Management 1(77): 71-76.
Lister, G., and K. Donaldson. 2004.“New Roles for Industrial Engineers in Developing Countries.”South African Journal of Industrial Engineering 15(1): 43-52.
https://doi.org/10.7166/15-1-237
Lyashenko, Natalya A., and Liana Y. Yukhnovets.2016. “Some Issues of Efficiency in Using Enterprise Current Assets.”Upravlenieiekonomika v XXI veke 1: 13-18.
McKeon, Paul, and DarrenRamshaw.2013. Implementing Enterprise Asset Management for Dummies. Chichester: John Wiley & Sons, Ltd.
Mikheyenko, Ekaterina S. 2014. “Management of Intangible Assets as a Component of a Strategy to Improve a Company's Capitalization.”Business inform. Section: Economics of Enterprise 6: 237-241.
Nagornyi, Evgen I. 2014.“Assets Management System as a Relevant Factor of Effective Enterprise’s Development.”Economical science.Seria “Economics and Management” 11: 223-233.
Reinert, Erik. 2010. How Rich Countries Got Rich and Why Poor Countries Stay Poor. Constable: London.
Rynn, Jon. 2011. Six Reasons Manufacturing is Central to the Economy. Retrieved May 18, 2019 (http://rooseveltinstitute. org/six-reasons-manufacturing-central-economy)
Safiullin, Marat R., Ilnur G. Samigullin, and Lenar N. Safiullin. 2013. “Model of Management of Competitiveness of a Machine-building Complex.”World Applied Sciences Journal 27(13): 212-216.
Saifieva, S. N., and D. A. Ermilina.2008. “Problems of Development of Russian Engineering.” Pp. 153-55 in Abstracts of the report at the Ninth All-Russian Symposium: Strategic Planning and Development of Enterprises. Moscow: CEMI RAS.
Sami El?Khasawneh, Bashar. 2012. “Challenges and Remedies of Manufacturing Enterprises in Developing Countries: Jordan as a Case Study.”Journal of Manufacturing Technology Management 23(3): 328-350.
https://doi.org/10.1108/17410381211217407
Shabaycovitch, Victor. 2012. “Competitiveness of Products, Equipment and Technological Processes in Machine-Building.”Advances in manufacturing science and technology 36(1): 74-81.
https://doi.org/10.2478/v10264-012-0007-2
Slavkovi?, Marko. 2008. “Strengthening Enterprises Competitiveness Through Development of Knowledge Management Concept.”FactaUniversitatis, Series: Economics and Organization 5(2): 167-172.
State Statistics Service of Ukraine. 2019. Statistical information. Retrieved May 18, 2019 (http://www.ukrstat.gov.ua)
Statistics Poland.(2019). Statistical yearbooks. Retrieved May 18, 2019 (http://stat.gov.pl/obszary-tematyczne/roczniki-statystyczne)
Tashenov, ?rdak. 2013. “Kazakhstani Machine Building: Challenges and Growth Prospects.”Kazakhstan International Business Magazine1.Retrieved May 18, 2019 (http://www.investkz. com/journals/88/1057.html)
The Czech Statistical Office.2019. Industry, Energy. Retrieved May 18, 2019 (https://www.czso.cz/csu/czso/industry_ energy_ekon)
The International Monetary Fund. 2018. GDP, Current Prices. Retrieved May 18, 2019 (https://www.imf.org/external/ datamapper/NGDPD@WEO/OEMDC/ADVEC/WEOWORLD)
Tikam, Jay, AmitVij, and Neelesh Pal. 2016.Three Trends Shaping the Asset Management Industry, and How to Capitalise on Them.Retrieved May 18, 2019 (http://www.wns.com/Portals/ 0/Documents/Whitepapers/PDFFiles/651/34/WNS_Whitepaper_Three_Trends_Shaping_the_Asset_Management_Industry_and_How_to_Capitalise_on_Them.pdf)
Tybout, James R. 2000. “Manufacturing Firms in Developing Countries: How Well Do They Do, and Why?”Journal of Economic Literature 38(1): 11-44.
https://doi.org/10.1257/jel.38.1.11
Vanunts, R. V. 2004. “Analysis of Factors for Improving the Asset Management Efficiency of a Machine-Building Enterprise.”Property Relations in the Russian Federation 5(32): 32-36.
Vijeikis, Juozas, and AntanasMakštutis.2013. The Factors of Competitiveness at Management Levels in the Context of Globalization. Retrieved May 18, 2019 (http://du.lv/wp-content/uploads/2013/10/8Vijeikis.pdf)
Vlasova, Nataliya O., Nataliya M. Smolnyakova, and Olena V. Mikhaylova,2013.“Principles and Main Stages of Optimisation in the System of Management of Circulating Assets in Retail Trade Companies.”Business inform. Section: Economics of Trade and Services 6: 202-208.
World Data Atlas.2019. World and Regional Statistics, National Data, Maps, Rankings. Retrieved May 18, 2019 (https://knoema.com/atlas?origin=knoema.ru&_ga=2.266480654.124507922.1549790470-1687744396.1549790470)
Zbyrannyk, Oksana. 2016. “The Formation of the Competitiveness of the Enterprises of Machine-Building Complex of Ukraine.”Baltic Journal of Economic Studies 2(4): 35-40.
https://doi.org/10.30525/2256-0742/2016-2-4-35-40
Zelga, Kamila. 2017. “The Importance of Competition and Enterprise Competitiveness.”World Scientific News 72: 301-306.
Zhamoida, Oleksii. 2016. “Managing Mining Enterprises’ Assets as the Basis of Their Competitiveness.” Mining of Mineral Deposits 10(4): 50-55.
https://doi.org/10.15407/mining10.04.050
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Published
2019-10-28
How to Cite
Yepifanova, I. M. (2019). Improving Efficiency of Asset Management in the Context of Ensuring Competitiveness of Mechanical Engineering Enterprises in Developing Countries. Journal of Reviews on Global Economics, 8, 847–858. https://doi.org/10.6000/1929-7092.2019.08.73
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