UDC 352.9:346.2; JEL R19, R13
Bilyk, R. R., & Sarafinchan, A. H. (2023). Priorytety ta mekhanizmy zabezpechennya konkurentospromozhnosti sub’yektiv hospodaryuvannya v suchasnykh umovakh [Priorities and mechanisms for ensuring the competitiveness of economic entities in modern conditions]. Rehional'na ekonomika - Regional Economy, 110 (4), 67-73. DOI: https://doi.org/10.36818/1562-0905-2023-4-7 [in Ukrainian].
Sources: 13

Authors



Bilyk Rostyslav Romanovych

Doctor of Economics, Associate Professor

Associate Professor of the Department of economic theory, management and administration of the Faculty of Economics of the Yuriy Fedkovych Chernivtsi National University

Contacts: rostikbiluk78@gmail.com

Webpages:

Sarafinchan Andriy Heorhiyovych

Postgraduate of the Department of economic theory, management and administration of the Yuriy Fedkovych Chernivtsi National University

Contacts: sarafinchan.ah@gmail.com

Webpages:

Resume

In a rapidly changing global economy, the competitiveness of business entities is a critical factor in their success and resilience. The ability to compete effectively both domestically and internationally depends on many factors, including technological innovation, operational efficiency, and strategic market positioning. Thus, it is important to identify and understand the priorities and mechanisms that are the basis of competitiveness for businesses that want to thrive in today’s challenging market environment. This introduction aims to elaborate on these aspects, emphasizing their importance and the dynamic interactions that shape the competitive environment. The article aims to study the main components of activity and determine the priorities for ensuring the competitiveness of business entities in the current conditions. The article analyzes the key aspects influencing the competitiveness of business entities in a rapidly changing global economy. The importance of innovations, operational efficiency, and strategic positioning in creating sustainable competitive advantages is examined. The article shows that successful adaptation to market conditions requires business entities to develop comprehensive strategies that cover not only internal processes but also external cooperation and political support. The author emphasizes the dynamic interaction between various factors that shape the competitive environment and underlines the importance of continuous innovation and strategic flexibility to ensure long-term competitiveness. The competitiveness of business entities can be defined as the ability to maintain competitive advantages that contribute to attracting consumer interest in a competitive market. The author suggests considering the characteristics of competitiveness only for those entities that have a clearly defined goal and seek to achieve it through competition. The article proves that ensuring long-term competitiveness requires business entities to develop and implement strategic management decisions that serve as the basis for the development and implementation of competitive advantages.

Keywords:

competitiveness, crisis conditions, business entities, competitive advantages, management

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