Methodical approach to the choice of a business management strategy within the framework of a change in commercial activities
Abstract
The main purpose of the article is the formation of new strategies in business management with changes in commercial activities. The object of the study is the system of commercial activity and possible changes in it. The scientific task is the definition of a new methodological approach to the formation of new strategies in business management with changes in commercial activity. The research methodology involves the use of a modern method for modeling strategies in business management with changes in business activities. As a result, we presented a methodical approach to the formation of business management strategies in the face of changes in commercial activities. The author’s vision of how the stages of forming the main business management strategy through block-object-oriented modeling should look graphically and schematically was presented. Each of its blocks involves many processions and actions aimed at changes in commercial activity. The innovative novelty of our study lies in the presented methodological approach to the formation of a business management strategy within the framework of changes in commercial activity.
Keyword : business, modeling, business strategy, commercial activities, changes, methodical approach
How to Cite
Alazzam, F. A. F., Tubishat, B. M. A.-R., Storozhuk, O., Poplavska, O., & Zhyvko, Z. (2024). Methodical approach to the choice of a business management strategy within the framework of a change in commercial activities. Business: Theory and Practice, 25(1), 1–10. https://doi.org/10.3846/btp.2024.19676
This work is licensed under a Creative Commons Attribution 4.0 International License.
References
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Alas, R. (2008). Implementation of organizational changes in Estonian companies. Journal of Business Economics and Management, 9(4), 289–297. https://doi.org/10.3846/1611-1699.2008.9.289-297
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Alazzam, F. A. F., Saleh, A., & Aldou Kh. (2020b). The main threats in the practice of a lawyer to ensure environmental safety in the context of COVID-19. Wiadomości Lekarskie, 23(7), 1521–1527. https://doi.org/10.36740/WLek202007139
Alazzam, F. A. F., Saleh, A. J., & Aldrou, K. K. A. R. (2020c). Impact of pandemic COVID-19 on the legal regulation of world trade activity using the example of the medical supplies. Wiadomości Lekarskie, 73(7), 1521–1527. https://doi.org/10.36740/WLek202007139
Bazyliuk, V., Shtangret, A., Sylkin, O., & Bezpalko, I. (2019). Comparison of institutional dynamics of regional development publishing and printing activities in Ukraine: Methodological and practical aspects. Business: Theory and Practice, 20, 116–122. https://doi.org/10.3846/btp.2019.11
Farshidi, S., Kwantes, I. B., & Jansen, S. (2023). Business process modeling language selection for research modelers. Software and Systems Modeling. https://doi.org/10.1007/s10270-023-01110-8
Filyppova, S., Kovtunenko, Y., Filippov, V., Voloshchuk, L., & Malin, O. (2021). Sustainable development entrepreneurship formation: System-integrated management tools. E3S Web of Conferences, 255, Article 01049. https://doi.org/10.1051/e3sconf/202125501049
Ginevičius, R. (2010). The effectiveness of cooperation of industrial enterprises. Journal of Business Economics and Management, 11(2), 283–296. https://doi.org/10.3846/jbem.2010.14
Ginevičius, R., Petraškevičius, V., & Šimkūnaitė, J. (2010). The influence of market concentration on the results of enterprise commercial activities. Business: Theory and Practice, 11(3), 185–193. https://doi.org/10.3846/btp.2010.21
Iljins, J., & Skvarciany, V. (2015). The role of change management in trust formation in commercial banks. Business: Theory and Practice, 16(4), 373–378. https://doi.org/10.3846/btp.2015.557
Kopytko, M., Liubokhynets, L., Kalinin, A., Sai, L., & Bala, O. (2023). Personnel management in the system of ensuring safety and security of the engineering enterprise in the conditions of industry 4.0. International Journal of Safety and Security Engineering, 13(3), 547–554. https://doi.org/10.18280/ijsse.130317
Kopytko, M., Myskiv, G., Lykholat, S., Petryshyn, N., Taranskiy, I., & Tiurina, N. (2022). Planning of resource support for the management system of the process of increasing the level of competitiveness in the environment of the functioning of the socio-economic system. International Journal of Sustainable Development & Planning, 17(8), 2571–2577. https://doi.org/10.18280/ijsdp.170825
Lagodiienko, V., Popelo, O., Zybareva, O., Samiilenko, H., Mykytyuk, Y., & Alsawwafi, F. M. A. S. (2022). Peculiarities of the management of the foreign economic activity of enterprises in current conditions of sustainability. International Journal of Sustainable Development and Planning, 17(4), 1215–1223. https://doi.org/10.18280/ijsdp.170420
Lei, T. T., & Zou, G. T. (2019). Interactive design of commercial space signage system based on object detection. Ingénierie des Systèmes d’Information, 24(3), 303–311. https://doi.org/10.18280/isi.240310
Mackevičius, J., & Valkauskas, R. (2010). Methodology of the integrated analysis of company’s financial status and its performance results. Business: Theory and Practice, 11(3), 213–221. https://doi.org/10.3846/btp.2010.24
Panchenko, V., Ivanova, R., Viunyk, O., Androshchuk, I., & Guk, O. (2022). Forming a methodological approach to the management system of innovative activities at enterprises in conditions of economic development. Journal of Business Economics and Management, 23(5), 1155–1169. https://doi.org/10.3846/jbem.2022.17804
Podvezko, V. (2008). Comprehensive evaluation of complex quantities. Business: Theory and Practice, 9(3), 160–168. https://doi.org/10.3846/1648-0627.2008.9.160-168
Rushchyshyn, N., Medynska, T., Nikonenko, U., Kostak, Z., & Ivanova, R. (2021). Regulatory and legal component in ensuring state’s financial security. Business: Theory and Practice, 22(2), 232–240. https://doi.org/10.3846/btp.2021.13580
Saleh, A. J., Alazzam, F. A. F., Aldrou, K. K. A. R., & Zavalna, Zh. (2020). Legal aspects of the management of cryptocurrency assets in the national security system. Journal of Security and Sustainability Issues, 10(1), 235–247. https://doi.org/10.9770/jssi.2020.10.1(17)
Santhidran, S., Chandran, V. G. R., & Borromeo, J. (2013). Enabling organizational change – leadership, commitment to change and the mediating role of change readiness. Journal of Business Economics and Management, 14(2), 348–363. https://doi.org/10.3846/16111699.2011.642083
Sylkin, O., Kryshtanovych, M., Zachepa, A., Bilous, S., & Krasko, A. (2019a). Modeling the process of applying anti-crisis management in the system of ensuring financial security of the enterprise. Business: Theory and Practice, 20, 446–455. https://doi.org/10.3846/btp.2019.41
Sylkin, O., Krystyniak, M., Pushak, Y., Ogirko, O., & Ratushniak, Y. (2019b). Anti-crisis strategy in the system of ensuring financial security of the engineering enterprise: Theoretical and practical aspects. In 2019 IEEE International Scientific-Practical Conference: Problems of Infocommunications Science and Technology (PIC S&T) Proceedings (pp. 256–260). IEEE. https://doi.org/10.1109/PICST47496.2019.9061346
Sylkin, O., Shtangret, A., Ogirko, O., & Melnikov, A. (2018). Assessing the financial security of the engineering enterprises as preconditions of the application of anti-crisis management: Practical aspect. Business and Economic Horizons (BEH), 14(4), 926–940. https://doi.org/10.15208/beh.2018.63
Szczepańska-Woszczyna, K., & Dacko-Pikiewicz, Z. (2014). Managerial competencies and innovations in the company – the case of enterprises in Poland. Business, Management and Economics Engineering, 12(2), 266–282. https://doi.org/10.3846/bme.2014.240
Zakharchyn, H., Viblyi, P., Petrenko, M., Butkevych, O., & Vakun, O. (2023). A model for protecting competitive advantages in the system for managing the innovative security of an engineering enterprise under the influence of digitalization of the economy. International Journal of Safety and Security Engineering, 13(1), 107–114. https://doi.org/10.18280/ijsse.130112
Zhovnirchyk, Y., Cherkaska, V., Inozemtseva, O., Zhuravel, S., & Pyzyuk, D. (2023). A planning model for improving personnel competence in pursuit of sustainable development. International Journal of Sustainable Development and Planning, 18(9), 2959–2965. https://doi.org/10.18280/ijsdp.180934