ADMINISTRATIVE AND LEGAL SUPPORT FOR THE MANAGEMENT OF INTEGRATED ECONOMIC STRUCTURES IN A GLOBALIZED BUSINESS PROCESSES

##plugins.themes.bootstrap3.article.main##

##plugins.themes.bootstrap3.article.sidebar##

  Serhii Nenko

  Nataliya Tyukhtenko

  Tetiana Krasnopolska

Abstract

The subject of the study are organizational and economic relations arising in the process of administrative and legal support of management of integrated economic structures in a globalized business processes. Methodology. Instrumental and methodological apparatus of the study consists of the applied methods of organizational economic analysis, statistical methods, sample observation, economic and mathematical modeling method, grouping, generalization, expert evaluations, methods of economic theory, marketing, etc. The aim of the article is to study the basics of administrative and legal support of integrated economic structures management in the globalization of business processes. The results of the study consist in the development of specific provisions and recommendations aimed at improving the management of the formation and integrated economic structures functioning in the context of business processes globalization. The proposed recommendations will improve the level of administrative and legal support of corporate governance and efficiency of companies' groups. Conclusion. The following conditions of effective management of integrated economic structures in the context of business processes globalization are highlighted: compliance with the target unity in the activities of integrated economic entities; orientation of participants to achieve a synergetic effect of integration interaction; creation and maintenance of economic motivation for joint activities; orientation to reduce corporate risks of integration interaction; compatibility of resource potentials of the main interacting organizations; ensuring the controllability of integration interaction processes in the interests of the owner. Organization of rational economic relations within them and with external structures is of great importance to improve the efficiency of economic activities of integrated economic structures. These are relations with public authorities (GR-management), suppliers and customers, banks, insurance organizations, employees of enterprises, owners. The effectiveness of the group of companies largely depends on the availability and level of system development of internal regulatory management of consolidated finances. The purpose of internal regulations system is to fill gaps in the norms of existing administrative and legal legislation in the regulation of economic, managerial and financial activities of integrated economic structures.

How to Cite

Nenko, S., Tyukhtenko, N., & Krasnopolska, T. (2021). ADMINISTRATIVE AND LEGAL SUPPORT FOR THE MANAGEMENT OF INTEGRATED ECONOMIC STRUCTURES IN A GLOBALIZED BUSINESS PROCESSES. Baltic Journal of Economic Studies, 7(4), 145-152. https://doi.org/10.30525/2256-0742/2021-7-4-145-152
Article views: 70 | PDF Downloads: 27

##plugins.themes.bootstrap3.article.details##

Keywords

administrative and legal support, macroeconomic policy, globalization, business processes, management, GR-management, economy, integrated economic structures, competitiveness, production efficiency, international market, administrative law

References

Calhoun, J.W. (2014). Administrative office management: complete course. Cengage Learning. 312 p.

Daft, R.L. (2012). Management. South-Western, Cengage Learning. 127p.

Fernandez, S. (2016). Managing successful organizational change in the public sector. Public Administration Review. Mar./Apr. pp. 168–176.

Ferreira, E.J. (2019). Administrative management. 2nd ed. Lansdowne: Juta Academic. 338 p.

Forsythe, D.W. (2011). Pitfalls in designing and implementing performance management systems. Quicker? Better? Cheaper?: managing performance in American government. The Rockfeller Institute Press. 210 p.

Gasanov, G. S. (2008). The economic nature of large business structures. Ekonomyka, upravlenye y uchet na predpryiatyy. Evrazyjskyj mezhdunarodnyj nauchno-analytycheskyj zhurnal, vol. 2(26). URL: http://www.meconomy.ru/art.php?nArtId=2020 (accessed September 15, 2021).

Greener, I. (2009). The Consumer in Public Services: Choice, Values and Difference. The Policy Press. 305 p.

Grief, A. (1993). Contract enforceability and economic institutions in early trade: the maghribi trade coalition. American Economic Review. Vol. 83, No 3. pp. 525–548.

Gronroos, C. (1990). Service management and marketing: managing the moment of truth in the service sector. Cambridge, Mass: Marketing Science Institute. 239 p.

Kodama, F. (1995). Emerging patterns of innovation sources of Japan’s technological edge. Harvard Business School. 245 р.

Le Grand, J. (2019). The other invisible hand: delivering public services through choice and competition. Princeton: Princeton Univ. Press. 114 p.

Martin, S. (2015). Multiple public service performance indicators: toward an integrated statistical approach. J. of Public Administration Research and Theory. No 15. pp. 599–613.

Machlup, F. (1962). Production and distribution of knowledge in the US. The University of Connecticut libraries. 444 p.

North, D. (1990). Institutions, Institutional Change and Economic Performance. Cambridge University Press. 152 p.

Ortina, H. V. (2014) Influence of integration relations on formation of strategy of development of real sector of economy. Yevropejs’kyj vektor ekonomichnoho rozvytku, vol. № 1 (16), pp. 129-134.

Porter, M. (2003). The economic performance of regions, Regional Studies, 37. pp. 549–578.

Rosenberg, N. (1982). Inside the Black Box. Cambridge: Cambridge University Press. 334 p.

Shats’ka, Z. Y. (2018) .The essence of the definition of the concept of “business structure” and approaches to its interpretation. Visnyk KNUTD. Seriia «Ekonomichni nauky», vol. № 6 (129), pp. 111–124.

Shevchuk, V. O. (2019). Modern informative and innovative principles of nature management in the context of creating the latest economic picture of the world. Information and Innovation Technologies in Economics and Administration: monograph. Katowice: Katowice School of Technology, 2019. 247 p.

Varshavsky, R. (2019). Reorganization of the company by merger and acquisition (algorithm). UBR. URL: https://blog.ubr.ua/finansy/reorganzacia-pdprimstva-shliahom-zlittia-ta-pridnannia-algoritm-2-1236 (accessed

September 17, 2021).