Svitlana Khalatur

  Igor Vinichenko

  Dmytro Volovyk


The purpose of the article is to study the key features of modern business processes and outsourcing. The subject-matter of the study is the methodological and conceptual foundations of the development process of modern business and outsourcing activities. Methodology. The research is based on a set of well-known general scientific and special methods of research in economics. In particular, the method of scientific abstraction, the method of systematic analysis, economic and mathematical modeling were used in the article. Conclusion. Many types of modern work can be outsourced. Thus, this will eventually lead to a confrontation between protected freelancers and freelancers whose employment is not regulated at the legislative level. The world is changing much faster, the labor market is undeniably affected when most jobs are simplified by technology; one of the consequences is a departure from the usual regulated labor relations and structures. The work environment and the environment are changing radically today. New forms of cooperation can take legal relations beyond legal regulation in those countries that fail to adapt their legislation in time to new rapidly evolving business strategies, which often lack the concept of territorial boundaries and mostly demand talent for effective solutions. With the help of constructed multifactor regression models, which are adequate to the available statistical and calculated data and have high degrees of significance of the estimated parameters, it is possible to predict changes in the simulated economic phenomenon as a result of changes in one or more factors. It should be noted that such models today are not sustainable in the long run, as in the Ukrainian and global economies, the external environment and its conditions change quite often. Therefore, in the future it is advisable to calculate new parameters of regression models based on the presented methods and make predictions according to the obtained data. In authors’ opinion, the main reason for the increase in the share of outsourcing in Europe in the coming years is the strengthening of competition in the world market and the growth of the euro. It is believed that traditionally vertically integrated business processes will be broken into fragments and partially outsourced. This will allow European companies to increase their revenues and production volumes.

How to Cite

Khalatur, S., Vinichenko, I., & Volovyk, D. (2021). DEVELOPMENT OF MODERN BUSINESS PROCESSES AND OUTSOURCING ACTIVITIES. Baltic Journal of Economic Studies, 7(3), 195-202.
Article views: 110 | PDF Downloads: 57



labor market, development of business strategies, information technology outsourcing, business process outsourcing, tool for optimizing the activities of the enterprise


Bilovodska, O., Gaidabrus, N., & Ruban, D. (2017). An analytical study on logistics outsourcing impact on logistical service quality in supply chains (case study: industrial enterprises of Sumy region). Problems and Perspectives in Management, 15(3), 201–211. doi:

Dag Øivind Madsen (2017). Examining the popularity trajectory of outsourcing as a management concept. Problems and Perspectives in Management, 15(2–1), 178–196. doi:

Deloitte's Global Outsourcing Survey (2021). Available at: (accessed 24 May 2021)

Gewald, H., & Schäfer, L. (2017). Quo vadis outsourcing? A view from practice. Journal of Global Operations and Strategic Sourcing, 10(1), 2–17.

Grand View Research (2021), Available at: (accessed 01 May 2021)

Hrušecká, D., Macurová, L., Juřičková, E., & Kozáková, L. (2015). The Analysis of the Use of Outsourcing Services in Logistics by Czech Manufacturing Companies”. Journal of Competitiveness, 7 (3), 50–61.

Khalatur, S. (2013). Features of the functioning mechanism of the investment market in Ukraine. Bulletin of Poltava State Agrarian Academy, 4, 121–124. (in Ukrainian)

Khalatur, S., Trokhymets, O., & Karamushka, O. (2020). Conceptual basis of tax policy formation in the globalization conditions. Baltic Journal of Economic Studies, 6(2), 81–92. doi:

Khalatur, S., Khaminich, S., Dubovych, O., Budko, O., & Karamushka, O. (2020). Multiple system of innovation investment decisions adoption with synergetic approach usage. Entrepreneurship and Sustainability, 7(4), 2745–2763. doi:

Khalatur, S., Stachowiak, Z., Zhylenko, K., Honcharenko, O., & Khalatur, O. (2019). Financial instruments and innovations in business environment: European countries and Ukraine. Investment Management and Financial Innovations, 16(3), 275–291. doi:

Khalatur, S. (2017). Important provisions for the development of agriculture of Ukraine. Baltic Journal of Economic Studies, 3(2), 147–154. doi:

The Outsourcing Institute, USA (2021). Available at: (accessed 25 May 2021)

Global Outsourcing market 2021. Available at: (accessed 31 May 2021)

Vasylieva, N. (2019) Improvement of Agricultural Management: Functional Comparative Approach. Montenegrin Journal of Economics, 15(1), 227–238. doi:

Velychko, O., Velychko, L., & Ramanauskas, J. (2016). Transformation and development of production-logistics enterprises in Ukrainian agrarian economy. Management Theory and Studies for Rural Business and Infrastructure Development, 38(1), 70–87. Available at:

World Bank (2021). World Development Indicators 2021, World Bank. Available at: (accessed 11 May 2021)