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Motivation In Work Organizations

Enterprise innovation activity supposes coordinated technical and business processes of decision-making and its performance required for successful transformation of new product or service from concept to market. The purpose of this study is to develop valuation methods of innovative technology market potential and prospects of their introduction into the production enterprise activity. In order to achieve this goal, we used brand new evaluation tool, this is technology audit conception, application of which increased significantly the accuracy and reliability of technology market potential evaluation. Clarification of terminological essence of technological audit allowed the authors to discover the content of technology audit components required for the market research and thereupon to develop evaluation mechanism for innovative technology market potential using technology audit. This mechanism is built on structure evaluation table of technology market potential level detection as an object of commercialization. To ensure the efficiency of practical effect of the mechanism proposed, the authors systematized and completed methods of functional analysis and scanning of market environment for the purpose of qualitative comprehensive evaluation and innovative technology market potential forecasting.Introduction of the proposed evaluation method for technology market potential will result in the improvement of efficiency of enterprise innovation activity due to more rational distribution of available resources and immediate financing of developments with greater market potential.

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Evaluation of innovative technology market potential on the basis of technology audit

This article examines and explains the necessity and importance of studying the conceptual provisions of sustainable development of enterprises and organizations in the real sector of the economy, taking into account the current environmental, economic, social situation. Also, the work is developing scientific and theoretical provisions on increasing the level of safety of industrial enterprises. Special attention is paid to studying the theoretical and methodological foundations of the concept of “compliance-safety” and the development of methodological foundations of its potential use in the current conditions of the Ukrainian economy to increase the level of sustainable development of enterprises in the real sector of the economy.After analyzing the current state, methodological and practical recommendations, which are associated with potential changes in the number of compliance-safety violations in the domestic economy, were formed. In this regard, the scientific community was invited to expand the terminology base by introducing the terms “compliance safety”, which should be formulated based on the current understanding of the term “compliance”, as well as close to the concept of “economic security” and “sustainable development”. This approach makes it possible to significantly impact the sustainability of the development of industrial enterprises and the economy of the state as a whole. Thanks to this definition, it is possible to consider the dynamics of the compliance safety indicator in determining the sustainable development of an enterprise and determine the size and importance of the impact of micro and macro factors on safety. In this work, special theoretical and methodological provisions and methodological recommendations were developed for assessing the value of a comprehensive compliance safety indicator. The authors’ proposals were tested at many machine-building enterprises of the North-Eastern industrial region of Ukraine.

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Ensuring the Sustainable Development of an Industrial Enterprise on the Principle of Compliance-Safety

Significant transformations in economic relations and increased competition have posed enterprises with extremely complex tasks in the field of corporate governance. Mainly it concerns the systems of corporate governance, in which the principles of vertical organization are losing relevance, and the effectiveness of management largely depends on the balance of interests of participants (stakeholders) who can actively influence the production and commercial policy of the enterprise to distribute its resources in their favor.The study aims to develop proposals to ensure the effective interaction of the enterprise with stakeholders, based on establishing an optimal balance of material (value) interests, allowing achieving a reduction of risks that threaten the development of the enterprise.Thus, it was proposed to determine the total value of the commercial results of the enterprise, taking into account the real contribution, which is provided by the relations with one or another stakeholder. A similar approach is implemented to determine the share of the value of the corresponding stakeholder, which is ensured by its relationship with this enterprise. In addition to the value of the enterprise itself, the proposed models explicitly determine the value benefits of stakeholders and disclose a list of the main controlling factors: the volumes of resources supplied and consumed by the parties, their relative values, the structure of resource flows, etc.As an example, using the developed recommendations, the circle of the most influential stakeholders of the Ukrainian enterprise – PJSC KhTP – was studied. This approach allows an industrial enterprise to rank stakeholders by value, to analyze the dynamics of the structure and parameters of material and financial resources flows of the enterprise and its stakeholders.

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Management of relations with enterprise stakeholders based on value approach

Striving to achieve company performance, we often choose to describe strategies, modern management instruments, goals and results, shading the huge importance of the human factor in achieving improvement. In each organization, the course of creating value has employees on its base. Nevertheless, how do we encourage people to contribute to overall firm’s success? How do we maintain their interest, motivation and involvement? Is it worth investing in human resource and what exactly do we attain in return? This case study presents a system of getting the best of people by investing minimal resources, describing the steps of the process and highlighting the long-term results and impact. After analyzing the key production indicators of the firm, we conducted a deductive analysis of the main financial indicators, which demonstrates the positive evolution of the company after implementing the motivational system. The results are presented for a period of six years starting with 2011. The effect of a suggestion system will increase and will develop a company, but only if it is linked to a foundation that supports the fundamental values of continuous improvement.

Effects of Suggestion System on Continuous Improvement: A Case Study

Employee motivation at the industrial enterprises is one of the most important principles of modern management. The practice of production and commercial activities of domestic enterprises speaks for essential modifications in the approaches to identifying the methods of employee motivation. In the meantime, at many industrial enterprises, motivational modules are limited to the level of salary payment. Therefore, the search for approaches to the formation of effective methods of employee motivation and the analysis of their classification peculiarities require implementing the complex scientific research and determine the relevance of the chosen topic. The purpose of the article is to adapt the notion of function elasticity to increase the employee motivation effectiveness at the domestic industrial enterprises. Increasing the effectiveness of employee motivation at an industrial enterprise is the object of the research. The research findings are obtained using the theory and practice of expert methods and system analysis, whereby 26 basic (key) motivational measures were determined, which were divided into six block-modules: jurisdictions, effectiveness, social and psychological, indirect financial influence, and direct financial influence. The weight of each of the motivational factors is determined and they were also classified according to this indicator. The notion of motivation elasticity is proposed, which makes it possible to assess the motivational measures performance both for every block-module and for every employee, team, production department or enterprise. Motivation elasticity ratio for ten employees of Kharkiv Machine Engineering Plant FED is calculated. Recommendations for further research on the paper’s subject are proposed. Petro Pererva (Ukraine), Oleksandr Hutsan (Ukraine), Valerii Kobieliev (Ukraine), Andrii Kosenko (Ukraine), Volodymyr Kuchynskyi (Ukraine) BUSINESS PERSPECTIVES LLC “СPС “Business Perspectives” Hryhorii Skovoroda lane, 10, Sumy, 40022, Ukraine www.businessperspectives.org Evaluating elasticity of costs for employee

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Volodymyr Kuchynskyi

Papers

Evaluating elasticity of costs for employee motivation at the industrial enterprises