Taking into account institutional factors during the diagnostics of an industrial enterprise
Abstract
This paper considers the issue of taking into account institutional factors when performing diagnostics (analysis, research) of the activities and performance of an industrial enterprise.
The relevance of the study is explained by the fact that the position and functioning of modern business entities in any industry market are not limited to traditional (classical) political economy.
At the moment, the rapid development of entrepreneurship is due to institutional factors. Based on the review of foreign and domestic scientific literature, several approaches to the interpretation of the term “institute” are given. It is proposed to consider and take into account institutional factors from the point of view of the existence of an institutional environment in the business environment. In addition, the approach to the allocation of such an element as a “sub-environment” in the institutional environment is justified. The paper identifies four such sub-environments, namely: socio-economic, political and legal, investment and innovation, and information and analytical. The influence of each of the selected sub-environments on an industrial enterprise is explained by the presence and content of certain institutional factors. Thus, it is concluded that when analyzing (diagnosing) the activities of an industrial enterprise, it is necessary to take into account the presence and influence of various institutional factors of the modern institutional environment. Ultimately, this will help in solving various problems in the management of the object, as well as in taking managerial actions.
About the Author
S. K. Kochina
Belgorod State Technological University named after V.G. Shukhov
Russian Federation
Russian Federation
PhD in Economics, Associate Professor
Belgorod
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For citations:
Kochina S.K. Taking into account institutional factors during the diagnostics of an industrial enterprise. Kazan economic vestnik. 2021;(4):5-10. (In Russ.)
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