Complex analysis of the state of the main elements of the mechanism for the development of the economic potential of the enterprise

Abstract

The complexity of the relationship between the existing elements of the organizational and economic mechanism for the development of the economic potential of an enterprise, as an integral system, is revealed, which is a consequence of the fact that its individual subsystems and components are of a probabilistic nature. A comprehensive analysis of the state of the elements of the mechanism for the development of the economic potential of an enterprise is represented by types of analysis, objects of analysis, and the results of analysis. To determine the place of the organizational and economic mechanism for the development of economic potential, using the model of R. Solow, the qualitative and quantitative composition of the enterprise’s functions is investigated. Factor analysis according to the Solow model shows the special importance of modern scientific and technological progress, and the Solow remainder in his model reflects a number of other factors, including labor resources. The analysis shows that the overall economic growth in 2015-2019 cannot be compensated for only by an increase in labor and total capital. First of all, it can only be justified by the use of the state. The use of the Cobb-Douglas production function in the Solow model allows one to determine the nonlinear dependence of labor productivity on its capital-labor ratio. The Harrod-Domar model was also used, which showed that enterprises are able to provide capital gains in the current year through investments in the previous year. This was demonstrated by the example of the fixed capital of the country’s industry as an integral element of production potential. Also, on the basis of the research, more generalizing conclusions can be drawn. The influence of industry on the national economy as a whole is as follows: the development of industry will stimulate the growth of other sectors of the economy through an increase in demand for their products and this will become the main catalyst for the development of the Ukrainian economy and will increase GDP; the growth of the industrial sector will increase the competitiveness of Ukrainian workers in the global labor market and reduce the unemployment rate; industrial development will increase the role of Ukraine in the international economic market and will increase the volume of foreign exchange earnings; industrial modernization and the introduction of high-tech production will increase the potential of the economy as a whole.