Економіка розвитку систем

MONITORING AND EVALUATION OF ENTERPRISE PERFORMANCE MANAGEMENT INDICATORS IN THE CONTEXT OF ENSURING COMPETITIVENESS

Tetiana Kostyshyna — 2025-08-13

The article explores the theoretical and practical aspects of monitoring and evaluating enterprise management indicators within the VUCA environment. The VUCA environment is characterised by volatility, uncertainty, complexity, and ambiguity, and is a defining feature of modern business operations. The acronym VUCA was first coined in the post-Cold War era, yet its components are applicable to both business conditions and the broader global context. The significance of this research lies in its contribution to the enhancement of enterprise adaptability to market challenges through the implementation of effective monitoring systems, controlling practices, and strategic analysis tools. The primary objective of this study is to develop a scientifically grounded methodology for assessing managerial indicators influencing enterprise competitiveness. In order to achieve this, the role of human capital, tax flexibility, and digital transformations will be taken into account. The research employs a range of methodological approaches, including dialectical methodology, comparative analysis, tabular techniques, systems approach, and modelling. The proposed model integrates indicators that appear to be incompatible, thereby bridging the gap between real-time analytics and forward-looking strategic forecasting. This enables a proactive evaluation of enterprise performance. This approach enables businesses to transition from a focus on retrospective analysis to a more proactive stance by integrating operational metrics with strategic foresight. This, in turn, serves to mitigate the impact of uncertainty and preserve competitive advantages. The model was tested on a hypothetical company X (distinct from the former Twitter entity), incorporating financial, organisational, and behavioural performance indicators. The scientific novelty lies in the consistent combination of traditional and digital management tools with predictive analytics based on knowledge of personnel abilities and creativity, optimisation of tax flexibility, which allows for risk prediction and development of an adaptive strategy. The practical significance of the article lies in the proposal of a universal real-time competitiveness assessment system suitable for the effective development of enterprises of various scales.

THE EVOLUTION OF RISK MANAGEMENT THEORIES IN BUSINESS

Iryna Abernikhina — 2025-08-13

The article examines the evolution of risk management theories in business, which is particularly relevant in the context of the current challenges of globalisation, digitalisation of the economy and increasing uncertainty in the external environment. Risk management is becoming strategically important as a tool for helping companies adapt to turbulent conditions, where risks are not only threats but also sources of innovative opportunities. The aim of the study is to systematise the main stages of development of theoretical concepts of risk management and determine their impact on modern management practices. To achieve this goal, a comprehensive methodological approach was used, combining analysis of scientific sources, historical and logical methods, systematic analysis, comparative analysis of theoretical models and concepts, as well as methods of synthesis and generalisation of information. Particular attention is paid to the integration of classical, quantitative, behavioural and digital approaches in risk management. The results of the study confirm the existence of five key stages in the evolution of risk management: classical, quantitative, integrated, behavioural and digital-ESG-oriented, each of which is characterised by a specific understanding of risk, assessment methods and management. It has been established that contemporary risk management is predicated on the principles of proactivity, integration of non-financial risks, application of advanced digital technologies, and the establishment of a culture of anti-fragility. The present study explores the evolution of risk management functions, from their initial purpose of loss minimisation to their current role as a strategic instrument that fosters sustainability and competitiveness in enterprises. The practical value of the article lies in substantiating the conceptual foundations for the development of risk management in the context of the digital economy and sustainable development. These can be used to improve risk management systems in enterprises of various forms of ownership and industries. The proposed results can serve as a basis for developing adaptive risk management models that take into account the current challenges of the business environment, as well as for improving the effectiveness of management decisions in the field of corporate governance.