Organizational and Managerial Aspects of Ensuring the Business Structures Efficiency in the Conditions of Growing Socio-Economic Turbulence

General decrease in business activity and revenues of business structures, insufficient level of profitability in the conditions of growing socio-economic turbulence, indicate the need for organizational transformations in management that will provide conditions for improving economic efficiency. Th...

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Veröffentlicht in:Economic journal Odessa polytechnic university 2022-03, Vol.1 (19), p.5-16
Hauptverfasser: Bavyko, Oleksandr, Lozovets, Vitalii, Tkachov, Andrii
Format: Artikel
Sprache:eng
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Zusammenfassung:General decrease in business activity and revenues of business structures, insufficient level of profitability in the conditions of growing socio-economic turbulence, indicate the need for organizational transformations in management that will provide conditions for improving economic efficiency. The fundamental changes in the business environment caused by the COVID-19 pandemic necessitate a thorough redesign of business processes using reengineering methods. The reengineering algorithm involves consistent assessment of current efficiency, identification of the need for change, design of updated business processes, testing their effectiveness and implementation in the organizational structure. The main areas of reengineering are organizational transformation based on the principles of process approach, total quality management and implementation of digital technologies.
ISSN:2521-103X
2521-6384
DOI:10.15276/EJ.01.2022.1