Post-Implementation Review of Investments in Dairy Companies in Ukraine

The purpose of the paper is to reflect the peculiarities of post-implementation review of investment strategy and investment projects in dairy companies in Ukraine. Methodology. A survey regarding current usage of strategic instruments and investment controlling among top-management of dairy industry companies in Ukraine had been conducted. Strategic plan construction tools and processes among dairy companies in Ukraine had been investigated. Results. The article contains the investigation on value-adding of strategic planning tools and particularly investment strategy build-up in order to achieve financial and social goals of the company. General review shows that dairy companies in Ukraine do not sufficiently use such tools, which has negative long-term consequences. Three directions of post-implementation review had been identified: separate investment projects post-implementation review, strategy (and particularly – investment strategy) post-implementation review and strategic planning process and tools post-implementation review. The last mentioned is vital for FMCG companies’ usage in developing countries due to internal and external vulnerability factors. Other two types of post-implementation review have to be conducted in order to assure value-adding from strategic planning process and investment projects implementation. Practical value. Companies, particularly on top-and-middle-management level, may use proposed procedures of post-implementation review in order to build-up or optimize processes related to strategic planning and investment implementation. Originality. Tools of post-implementation review regarding investment projects, investment and overall business strategy had been structured and worked out

Transition to a new economy: transformation trends in the field of income and salary functions

The rapid spread of information technologies and other phenomena in the new economy causes significant changes in the social and employment spheres. The objective is mainly to analyze and systematize the peculiarities of labor and payment for it in the new economy. In this paper, the analytical grouping method for characterizing salary functions, as well as changes in the social and labor sphere that take place in the new economy, correlation-regression analysis to determine the relationship between average income and factors affecting its level are used. The results of the paper show three important findings. Firstly, the gradual changes in the content of labor and forms of its organization that happen in modern conditions under the influence of dissemination of information and communication technologies require new approaches to income adjustment, management of employment of the population, development of professional education system. Secondly, the authors also found that the fair employee compensation, ensuring productive employment in modern conditions, is a challenge not only of the national, but also of international scale. Thirdly, the prospective directions of reducing inequality and social tension in society are the guarantee of the basic unconditional income, progressive tax on all types of income, reduction of the length of working time while maintaining payments and improving productivity. In addition to avoiding social dangers, it would be a proactive progressive function of expanding human development opportunities

Evaluation of the level of corporate social responsibility of Ukrainian nuclear energy producers

The paper considers the role of the development of corporate social responsibility of Ukrainian nuclear energy producers to ensure the effective functioning of this industry. National sustainable development in all social and economic spheres depends heavily on effective employee management where safety plays the main role. The purpose of the article is to evaluate the development of corporate social responsibility in NNEGC "Energoatom" and identify reserves for improving enterprise employee management. To achieve this goal, the method of SPACE analysis has been modified, because this tool is traditionally used as a method of strategic management. A system of 23 indicators has been developed to evaluate the level of corporate social responsibility in NNEGC Energoatom. Four groups of factors were identified, each of them was assessed by a set of relevant indicators. The article covers the activities of the enterprise during 2016-2020. On the basis of mathematical calculations, the SPACE-analysis matrix is constructed and the strategy of corporate social responsibility development is defined. The evaluation of the level of corporate social responsibility in NNEGC Energoatom indicates a high level of CSR. Despite the effective corporate social responsibility policy in NNEGC Energoatom, some problems still exist. The analysis allowed identifying the ways to improve the corporate social responsibility of nuclear energy producers, particularly to ensure a competitive salary, increase the level of occupational safety, improve the internal communication system. The practical value of the analysis lies in the fact that the modified method of SPACE- analysis can be used to evaluate the corporate social responsibility in different types of enterprises with different aims and objectives

ICT and economic growth: Links and possibilities of engaging

The paper deals with analysis and evaluation of impact of information and communication technologies (ICT) on economic growth at the different hierarchical levels. Based on global tendencies of ICT development and their use as a factor of competitive advantages, it is proved that sustainable socioeconomic growth has acquired features of permanent digital development. For developing countries steep ICT development can enforce new impulse of economic progress, which in turn, is proved by correlation analysis and modeling of ICT factors influence on the main financial results. Considering current ICT development trends in business (based on case study of Ukraine ICT use statistics as one of the developing countries) and their relations with financial results, the main policy making actions aiming at further economic development can be defined. They should be aimed mainly at Internet access outspread and web-technologies effective use, particularly in the field of e-commerce. © 2019 Mykolo Romerio Universitetas. All rights reserved

Transparency of non-financial reporting in the context of corporate social responsibility towards employees: case of Ukraine

The paper focuses on the essence of transparency of non-financial reporting based on the analysis of international standards of corporate social responsibility as well as scientific research in the social responsibility field. It introduces a system of 30 quantitative and 10 qualitative indices for assessing transparency of the reflection of the indicators of corporate social responsibility (CSR) towards employees in non-financial reporting. The proposed integrated index shows the actual share of suggested indicators in the published non-financial reports. The analysis of transparency of the reflection of indicators of CSR towards employees in non-financial reporting by companies working in Ukraine was carried out. The paper offers recommendations for enhancing transparency of information about CSR towards employees in non-financial reports

Transition to a New Economy: Transformation Trends in the Fields of Income and Salary Functions

The rapid spread of information technologies and other phenomena in the new economy causes significant changes in the social and employment spheres. The objective is mainly to analyze and systematize the peculiarities of labor and payment for it in the new economy. In this paper are used the analytical grouping method for characterizing salary functions, as well as changes in the social and labour sphere that take place in the new economy, correlation-regression analysis to determine the relationship between average income and factors affecting its level. The results of the paper show three important findings. Firstly, the gradual changes in the content of labour and forms of its organization that happen in modern conditions under the influence of dissemination of information and communication technologies require new approaches to income adjustment. Secondly, the authors also found that the fair employee compensation, ensuring productive employment in modern conditions, is a challenge not only of the national but also of international scale. Thirdly, the prospective directions of reducing inequality and social tension in society is the guarantee of the basic unconditional income; progressive tax on all types of income; reduction of the length of working time while maintaining payments and improving productivity

Intellectual component of global leadership

The rapid intellectualization of economic activity in modern conditions actualizes the study of issues of countries’ leadership, achieved with the help of intellectual factors. The article’s purpose is to assess the intellectual leadership of countries based on the performance indicators of intellectual activity. The method of estimation of intellectual leadership is proposed, which provides three levels of evaluation based on the corresponding set of indicators. The three-step evaluation algorithm includes, firstly, the assessment of the intellectual potential of the resource potential, secondly, the consideration of the results of intellectual activity and, thirdly, the final results of economic activity. The second level indicators are the result of intellectual activity, the implementation of intellectual resources and at the same time, they become the basis for further intellectualization. The analysis of the performance indicators of the intellectual activity of the countries of the world made it possible to identify the composition and disposition of the world leaders (the USA is the leader by nine indicators, Japan and Germany are leading by six, South Korea, the United Kingdom, China and France - by 5, Switzerland and Canada - 4 indicators) and showed a high volatility of their ranks

Social Safety of Society for Developing Countries to Meet Sustainable Development Standards: Indicators, Level, Strategic Benchmarks (with Calculations Based on the Case Study of Ukraine)

The paper is devoted to identifying the level of social safety of society, taking into account the indicators of shadow economy, and developing its strategic scenarios as a component of sustainable development of Ukraine by 2030. The authors used the modern methods of normalisation, threshold vector determination, and dynamic weight coefficients in order to identify the level of social safety of society. The authors developed the structure and a list of indicators considering three components of social safety: The standard of living, the demographic component, and the quality of life. This method allows determining the list and severity of threats, comparing the dynamics of integral indices with integral thresholds in one scale, identifying the state of security, and defining strategic goals and strategies. The suggested approach is universal and can be used by any country, region, economic activity, or business to develop evidence-based medium-to-long-term sustainable development scenarios