THE INFLUENCE OF THE BUSINESS CLIMATE ON THE SUSTAINABILITY OF INDUSTRIAL ENTERPRISES

Abstract

The aim of the article is original research on current situation and perspectives of business climate improvement in the context of its significant impact on the effectiveness and resilience of industrial enterprises in Ukraine. The methodology of the survey. Comparison, methods of abstraction, analysis and generalization, graphic and tabular modeling are the research methods which were used in the article. The information resources, which were used in science work, are modern science works, electronic information materials and materials of periodic publication. The scientific novelty. The social-economic development dynamics in Ukraine tend to get worse in 2018–2020 years. In the environment of considerable quarantine constraints, which are forced steps in the fight against the COVID-19 pandemic, the destructive trends are attended to this day. This is especially true where these trends become a source of a considerable decline in resilience of Ukrainian industrial enterprises. It is defined, that the current crisis posed to change in the strategic and tactic of the operations of the enterprises. A lot of Ukrainian enterprises have to continue working strenuously to stabilize the business activity. In this connection, the improvement of the business climate in Ukraine is necessary tasks as a one of the effective methods to guarantee the resilience of industrial enterprises. Conclusion. In this science paper the substance of business climate as a multidimensional phenomenon, characterized by social, economic, political factors and shapes the prospects for successful development of enterprises is determined by authors. The trends towards transformation in the field of industry under economic crisis are analyzed. It is defined, that during the past three years the decrease in resilience of industrial enterprises was positively related to the deterioration of the business climate in Ukraine. Authors’ view regarding the measures necessary to settle critical issues are displayed in this science paper. Key words: business climate, social and economic growth, entrepreneurship, industry, COVID-19 pandemic, global economic crisis, resilience.