Economic Bulletin of the National Mining University




Issue:2021 №4 (76)
Section:International economic relations
Article language:English
Title:Diagnosis of influence of global indicators on development of business systems
Author:Parkhomenko N. O., Simon Kuznets Kharkiv National University of Economics
Annotation:Methods. The research methodological basis is the system of general and special scientific methods, in particular such methods as comparison – to evaluate the key parameters of business systems development; analysis and synthesis – to summarize the study results; mathematical methods such as determining the correlation dependence – to analyse the correlation between selected exogenous factors with the key parameters of business systems. Results. The list of global indicators that influence the development of business systems is proposed. The key parameters of international and domestic business systems development are identified. The parameters of business systems development are grouped according to the criteria of adaptability, reliability, flexibility, mobility and sufficiency. A set of indicators that determine the development of business systems is systematized. The diagnostics of the influence of exogenous indicators on the change of key parameters of business systems development is carried out. Strategic guidelines for the development of business systems based on diagnostic results are formed. The limitation of the research is that the diagnostic methodology does not take into account the specifics of the development of business systems in all countries and requires adjustment of relevant factors. Novelty. The originality and value of the study lies in the formation of a methodology for diagnosing the impact of global indicators on the development of business systems. In monitoring the impact of global factors on the development of business systems, it was diagnosed that not all of the selected parameters affect the key parameters of business systems development, so when forecasting development trends, it is advisable to consider only those that have such an impact. Practical value. The list of exogenous factors which it is expedient to use in forecasting of development of business systems is offered. The practical implications of the methodology for diagnosing the impact of global indicators on the development of business systems can be used in the process of strategic management of companies. 
Keywords:Business-system, Global economy indicators, Diagnostic, Strategic management, Development trends, Correlation, Parameters of development
File of the article:EV20214_048-057.pdf
  • 1. ArcelorMittal. Official site. (2021). Retrieved from
  • 2. Cezarino, L.O., Rodrigues Alves, M.F., Ferreira Caldana, A.C., & Bartocci Liboni, L. (2019). Dynamic ca- pabilities for sustainability: revealing the systemic key factor. Systemic Practice and Action Research, Springer,
  • 32(1), 93-112. Retrieved from
  • 3. Chakrabarty, S., & Wang, L. (2012). The long- term sustenance of sustainability practices in MNCs: a dy- namic capabilities perspective of the role of R&D and in- ternationalization. Journal of Business Ethics, Springer, 110(2), 205-217. Retrieved from
  • 4. Chan Kim, W. & Mauborgne, R. (2005). Blue ocean strategy. Harvard Business Review
  • 5. Doh, J., Rodrigues, S., Saka-Helmhout, A., & Makhija, M. (2017). International Business responses to- institutional voids, Journal of International Business Stud- ies, 48(3), 293-307. Retrieved from
  • 6. Harveya, M., Fisherb, R., McPhailb, R., & Moel- lera, M. (2009). Globalization and its impact on global managers' decision processes. Human Resource Develop- ment International, 12(4). Retrieved from
  • 7. Hult, G.T., Ketchen, D.J. et al. (2008). An as- sessment of the measurement of performance in interna- tional business research. Journal of International Business Studies, 39, 1064-1080. Retrieved from
  • 8. Kriz, A., & Welch, C. (2018). Innovation and in- ternationalization processes of firms with new-to-the- world technologies. Journal of International Business Studies, 49 (4), 496-522. Retrieved from
  • 9. Mufudza, T. (2018). Dynamic Strategy in a Tur- bulent Business Environment. Retrieved from ment-a-dynamic-view/dynamic-strategy-in-a-turbulent- business-environment
  • 10. Nikolić, N., Jovanović, I. et al. (2019). Investi- gation of the Factors Influencing SME Failure as a Func- tion of Its Prevention and Fast Recovery after Failure. En- trepreneurship Research Journal, 9 (3). Retrieved from
  • 11. Otenko, I., & Parkhomenko, N. (2019). Strate- gies of business systems development in global environ- ment. Scientific annals of economics and business, 66 (2). Retrieved from ticle/view/343
  • 12. Petera, P., & Soljakova, L. (2020). Use of stra- tegic management accounting techniques by companies in the Czech Republic. Economic Research, 33 (1), 46-67. Retrieved from
  • 13. Porter, M. (2019). Competitive strategy: tech- niques for analyzing industries and competitors. Moskva: Alpina Publisher.
  • 14. Smith, D. (2015). 50 Strategies, that changed history: from battle tactics to business blueprints, learn from the masters. Melbourne: Quanatum Books.
  • 15. Shtal, T.V., Burial M.M. et al. (2018). Methods of analysis of the external environment of business activi- ties. Revista ESPACIOS, 39 (12). Retrieved from https://www.revis-
  • 16. State Statistics Service of Ukraine. Official site. (2021). Retrieved from
  • 17. Teece, D.J. (2014). A Dynamic capabilities- based entrepreneurial theory of the multinational enter- prise. Journal of International Business Studies, 45, 8-37. Retrieved from
  • 18. World Bank Open Data. Official site. (2021). Retrieved from
  • 19. Xu, L., Tan, W., Zhen, H., & Shen, W. (2008). An approach to enterprise process dynamic modeling sup- porting enterprise process evolution. Information Systems Frontiers, Springer, 10(5), 611-624. Retrieved from
  • 20. Zinkota, M.R., & Ronkainen, I.A. (2009). Trend and indications in international business. Manage- ment International Review, Springer, 49(2), 249-265. Re- trieved from