IMPROVING THE EFFICIENCY OF FOREIGN ECONOMIC ACTIVITY OF ENTERPRISES ON THE BASIS OF MARKET RESEARCH

Keywords: Foreign Economic Activity, Marketing Metrics, Marketing Research, Effective Activity of Enterprises, Marketing Management, Foreign Markets

Abstract

The article is aimed at studying the status and trends in the development of foreign economic activity in Ukraine and in the world, and the impact of marketing research on their effi­ciency. The purpose of the study is to analyze the improvement of the efficiency of foreign economic activity of enterprises on the basis of marketing research using economic and statistical methods, to identify problems and prospects for development, and to develop ways for effective foreign eco­nomic activity in conducting marketing research. The article provides data on the volume of the marketing data market worldwide as of 2017-2021, the results of a survey of European companies on the benefits received after investing in sustainable marketing strategies as of July 2022.

To achieve the goal, the following tasks were set and solved: identifying the characteristic fea­tures of the organization's activities, familiarizing with the principles of accounting and financial reporting, analyzing the marketing and foreign economic activities of organizations.

The importance of the development of foreign economic activity and market relations due to increased responsibility and independence of industries and individual entities in the preparation and adoption of management decisions is determined.

The relevance of studying the theoretical aspects of improving the efficiency of foreign economic activity of enterprises based on the impact of marketing research on the functioning of these pro­cesses is substantiated.

The impact of investing in sustainable marketing strategies on the company's development is characterized. The main obstacles to entering a new market are indicated. The results are summa­rized and ways to improve the functioning of foreign economic activity in Ukraine in the course of marketing research in the company are proposed, through the implementation of certain measures.

It is determined that the main areas for further research should be: identifying the most attrac­tive marketing strategies in international markets, how artificial intelligence can become a driving mechanism in the company's marketing, studying pricing strategies and developing financial mar­keting mechanisms in accordance with this data, the impact of e-commerce in international opera­tions and the proper management of these strategies.

Downloads

Download data is not yet available.

Author Biographies

Iryna Gontareva, V.N. Karazin Kharkiv National University, 4, Svobody Sq., Kharkiv, 61022, Ukraine

D.Sc. (Economics), Professor

Mariia Nesen, V.N. Karazin Kharkiv National University, 4, Svobody Sq., Kharkiv, 61022, Ukraine

Student

References

Bugas, V. V., & Samiilenko, M.A. (2018). Realities of foreign economic activity of home-made and foreign enterprises. Effective Economy, 1. Retrieved from http://www.economy.nayka.com.ua/pdf/1_2018/52.pdf (in Ukrainian)

Kryvovyazyuk, I. V., & Telezhynska, N. V. (2017). Theoretical and methodological justification and analysis of the efficiency of external economic activity of the enterprise. Effective Economy, 9. Retrieved from http://www.economy.nayka.com.ua/?op=1&z=5762 (in Ukrainian)

Agwu, M. E., & Onwuegbuzie, H. N. (2018). Effects of international marketing environments on entrepreneurship development. J Innov Entrep, 7, 12. doi: https://doi.org/10.1186/s13731-018-0093-4

Vasyuk, T. V. (2015). Research methods to assess the economic efficiency of foreign economic activity of business entities. Actual problems of the economy, 3 (165), 131-136. Retrieved from http://www.irbis-nbuv.gov.ua/cgi-bin/irbis_nbuv/cgiirbis_64.exe?I21DBN=LINK&P21DBN=UJRN&Z21ID=&S21REF=10&S21CNR=20&S21STN=1&S21FMT=ASP_meta&C21COM=S&2_S21P03=FILA=&2_S21STR=ape_2015_3_17 (in Ukrainian)

Baker, W. E., Grinstein, A. & Perin, M. G. (2020). The Impact of Entrepreneurial Orientation on Foreign Market Entry: the Roles of Marketing Program Adaptation, Cultural Distance, and Unanticipated Events. J Int Entrep, 18, 63–91. doi: https://doi.org/10.1007/s10843-019-00257-0

Ghauri, P. N., Elg, U., Tarnovskaya, V. et al. (2011). Developing a Market-Driving Strategy for Foreign Markets: Internal Capabilities and External Activities. Schmalenbach Bus Rev, 63 (Suppl 3), 1–23. doi: https://doi.org/10.1007/BF03396829

Terpstra, V. (1983). Critical mass and international marketing strategy. JAMS, 11, 269–282. doi: https://doi.org/10.1007/BF02725223

Kozak, Y.G. (Ed.). (2016). Foreign economic activity: enterprise-region (4th ed.). Kyiv: Center for Educational Literature. Retrieved from http://dspace.opu.ua/jspui/bitstream/123456789/9474/1/Зовнішньоекономічна%20діяльність%20підприємств.pdf (in Ukrainian)

Yevtushenko, V. А., Liashevska, V. I., & Tokar, Yu. V. (2019). The Methodological Basics of Foreign Economic Activity. Business Inform, 11, 49-53. doi: https://doi.org/10.32983/2222-4459-2019-11-49-53 (in Ukrainian)

Bednarčík, Z. (2014). International marketing in business practice of small and medium-sized enterprises. Mezinárodní marketing v obchodní praxi malých a středních firem. : příspěvků XVII. mezinárodní kolokvium o regionálních vědách, 1, 764-769. doi: https://doi.org/10.5817/CZ.MUNI.P210-6840-2014-99

Semenyak, I. V., & Yevtushenko, V. A. (2010). Main trends in the development of modern marketing management. Bulletin of Kharkiv National University "KhPI". Collection of scientific works. Thematic issue "Technical progress and production efficiency", 5, 146-156. Retrieved from http://repository.kpi.kharkov.ua/bitstream/KhPI-Press/23428/1/vestnik_KhPI_2010_5_Semeniak_Osnovni.pdf (in Ukrainian)

Verkhoglyadova, N. I, & Pysmenna, O. B. (2015). Classification of resources and its importance for resource saving management. Investments: practice and experience, 16, 27-31. (in Ukrainian)

Voronko, V. O., & Filipkovska, L. O. (2018). Information systems for automation of enterprise management. Prospects for the Development of Territories: Theory and Practice: Proceedings of the All-Ukrainian Scientific and Practical Conference of Higher Education Applicants and Young Scientists (pp. 111-114). Retrieved from https://eprints.kname.edu.ua/50998/1/ilovepdf_com-111-114.pdf (in Ukrainian)

Voroniuk, T. A, & Luchyk, O. I. (2019). Formation of the mechanism of competitiveness at the enterprise as a controlled process. Ukrainian Journal of Applied Economics, 3 (4), 139-148. (in Ukrainian)

Gorodnya, T. A, & Yavtukhovska, I. V. (2013). Diagnostics of the financial condition of the enterprise. Scientific Bulletin of the National Linguistic University of Ukraine, 23, 207-212. (in Ukrainian)

Dashko, I. (2017). Human resources: the essence and factors of its development. Economy and State, 1, 65-68. Retrieved from http://www.economy.in.ua/pdf/1_2017/16.pdf (in Ukrainian)

Denchuk, V. M., & Chemchykalenko, R. A. (2022). Mechanism of formation of the financial strategy of enterprise development. Materials of the VII International Scientific and Practical Internet Conference (pp. 64-67).

Dovbenko, V. I., & Melnyk, V. M. (2010). Potential and development of the enterprise. Lviw: Lviv Polytechnic Publishing House. (in Ukrainian)

Ivanytska, S. B., Anisova, N. V., & Petrova, A. O. (2013). Human resources enterprise: factors of formation and use. Effective Economy, 10. Retrieved from http://www.economy.nayka.com.ua/?op=1&z=2405 (in Ukrainian)

Mozgova, G. V., & Nesen, M. A. (2021). Information systems as the foundation of modern enterprise knowledge management. Abstracts of the II International Scientific and Practical Conference on Higher Education and Science, 1, 96.

Nesen, M. A. (2021). The impact of e-commerce on logistics services. Abstracts of the VIII International Scientific and Practical Conference (pp. 85-86). (in Ukrainian)

Nesen, M. A., & Doroshenko, G. O. (2022). Influence of technological innovations on the modernization of modern economic systems. Materials of the VII International Scientific and Practical Internet Conference, (pp. 466-468). (in Ukrainian)

Nesen, M. A., & Kozyreva, O. V. (2022). Interrelation of investment management and innovative development of the enterprise. Abstracts of the II International Scientific and Practical Conference, (pp. 170-171). (in Ukrainian)

Nesen, M. A, & Kutsenko, T. G. (2022). Approaches to improving the efficiency and competitiveness of global companies. Abstracts of the X All-Ukrainian Scientific and Practical Conference, (pp. 70-72). (in Ukrainian)

Petryaev, O. O., & Nesen, M. A. (2020). Knowledge as a fundamental resource in personnel management. Collection of scientific papers based on the materials of the International Scientific and Practical Conference, (pp. 154-160). (in Ukrainian)

Rakhman, M. S., & Nesen, M. A. (2020). A Statistical Analysis of the Economy and Foreign Economic Activity of the Netherlands. Business Inform, 6, 17-22. doi: https://doi.org/10.32983/2222-4459-2020-6-17-22 (in Ukrainian)

Chernoivanova, H. S. (2020). Innovative Strategy as an Provision Element of Ensuring the Management of the Innovation Component of Enterprise. Business Inform, 1, 85-90. doi: https://doi.org/10.32983/2222-4459-2020-1-85-90 (in Ukrainian)

Shcherban, E. (2022). Application of internet marketing in activity enterprises. Social economics, 64, 48-54. doi: https://doi.org/10.26565/2524-2547-2022-64-05 (in Ukrainian)

Thalassinos, I. E., Stamatopoulos, D. T., & Thalassinos, E. P. (2015). The European Sovereign Debt Crisis and the Role of Credit Swaps. Chapter book in The WSPC Handbook of Futures Markets (eds) W. T. Ziemba and A.G. Malliaris, in memory of Late Milton Miller (Nobel 1990). World Scientific Handbook in Financial Economic Series, 5, 20, 605‒639. doi: https://doi.org/10.1142/9789814566926_0020

Published
2023-12-28
How to Cite
Gontareva, I., & Nesen, M. (2023). IMPROVING THE EFFICIENCY OF FOREIGN ECONOMIC ACTIVITY OF ENTERPRISES ON THE BASIS OF MARKET RESEARCH. Social Economics, (66), 109-119. https://doi.org/10.26565/2524-2547-2023-66-10
Section
STUDENTS’ RESEARCH