MODERN CHALLENGES AND THREATS TO INTERNATIONAL ACTIVITIES OF UKRAINIAN ENTERPRISES

Main Article Content

Maryna Domashenko
https://orcid.org/0000-0002-6987-8992
Danyil Hlushchenko
Valeriia Domashenko

Abstract

At the current stage of development of the economy of Ukraine, the question of building a stable, ecological, strong national economy is quite acute. The domestic sector of the economy faced new challenges and threats caused by the full-scale invasion of Russia on the territory of Ukraine, which fundamentally complicated the international activities of Ukrainian enterprises. Therefore, research aimed at developing means of countering modern challenges and threats to the international activity of Ukrainian enterprises is gaining relevance. The article is devoted to the study of modern challenges and threats to the international activity of Ukrainian enterprises. The article examines the activities of LLC «KARNEY» a Ukrainian company operating on the international market. The work identifies the main challenges and threats for Ukrainian companies using the example of LLC " KARNEY", as well as proposed countasures to these challenges and threats in such areas as: political (the company should have a corporate lawyer on staff who will be able to better analyze the tender documentation, as well as correctly submit tender offers, correct drafting of a foreign economic agreement (contract), the presence of own trucks in the company), economic (minimization of currency risk by fixing the price in the contract in foreign currency, diversification of energy suppliers, indication of force majeure circumstances when concluding a long-term contract); cross-cultural diplomacy (to provide the opportunity for female personnel, even if they do not hold management positions, to take part in personal intertional business meetings; encourage employees to learn foreign languages); technological (introduce strategies for equipment modernization; create a storage fund at the enterprise for equipment modernization).

Article Details

How to Cite

Domashenko, M. ., Hlushchenko, D., & Domashenko, V. (2024). MODERN CHALLENGES AND THREATS TO INTERNATIONAL ACTIVITIES OF UKRAINIAN ENTERPRISES. Socio-Economic Relations in the Digital Society, 1(51), 21-34. https://doi.org/10.55643/ser.1.51.2024.551

References

Porter, M.E. (1990). The Competitive Advantage of nations. London: London.

Porter, M. (2006). Competition. / M.: Izdatelsky dom "Williams".

Bilali, J. B. (2022). Small/medium sized enterprises (SMEs) competitiveness: A global perspective competitiveness of small and medium-sized enterprises. Journal of Enterprise and Business Intelligence, 2(2), 109–119. https://doi.org/10.53759/5181/JEBI202202012

Cardoza, G., Fornes, G., Li, P., Xu, N., & Xu, S. (2015). China goes global: Public policies’ influence on small- and medium-sized enterprises’ international expansion. Asia Pacific Business Review, 21(2), 188–210. https://doi.org/10.1080/13602381.2013.876183

Peña-Vinces, J. C., Casanova, L., Guillen, J., & Urbano, D. (2017). International competitiveness of small and medium-sized enterprises: Peru, a Latin-American emerging market. Emerging Markets Finance and Trade, 53(1), 150–169. https://doi.org/10.1080/1540496X.2016.1156525

Dolzhansky, I. Z., & Zagorna, T. O. (2006). Competitiveness of the enterprise: academic. manual. K.: Center of education. L-ry.

Ermakova, O. A., & Kozak, Y. G. (2021). Management of the international competitiveness of the enterprise: Training manual. Kyiv: "Center for Educational Literature". http://dspace.oneu.edu.ua/jspui/bitstream/123456789/11915/1/Управління%20міжнародною%20конкурентоспроможністю%20підприємства.pdf

Kuzmin, O. E., Melnyk, O. G., & Romanko, O. P. (2011). Competitiveness of the enterprise: planning and diagnostics: monograph. Ivano-Frankivsk: IFNTUNG. http://elar.nung.edu.ua/handle/123456789/5021

Tulchynska, S. O., & Solosich, O. S. (2022). Conceptual principles of ensuring the economic security of entrepreneurship in the conditions of martial law. Scientific view: economics and management, 3(79), 97–102. http://confmanagement.kpi.ua/proc/article/view/271930

Psyk, B. I. (2023). Peculiarities of ensuring the financial security of small businesses in the conditions of martial law in Ukraine. Effective economy, 12. https://www.nayka.com.ua/index.php/ee/article/view/2677/2713

Zhurba, I. O., & Kolyadenko, Yu. M. (2012). The essence and significance of enterprise competitiveness. Collection of scientific papers, 35, 97-103. https://essuir.sumdu.edu.ua/bitstream-download/123456789/52304/7/Zhurba_Sutnist_znachennia_konkurentospromozhnosti%20.pdf

Official site of LLC «KARNEY». (n.d.). https://karney-sumy.com/

Open data portal. (n.d.). https://data.gov.ua/

Official website of the State Tax Service of Ukraine. (n.d.). https://tax.gov.ua/

Official website of KARNEY LLC. How we work. (n.d.). https://karney-sumy.com/how-works/

Official site of KARNEY LLC. Catalogue. (n.d.). https://karney-sumy.com/category/catalogua/

Denisenko, M.P., Voronkova, T.E., & Yankovets, T.M. (2015). Problems of increasing the competitiveness of industrial enterprises of Ukraine. https://goo.su/AFEHL

Tulchynska, S.O., & Baghriy, V.V. (2018). Threats and challenges to international business in the conditions of globalization. https://goo.su/iiwp

Official website of the Western Interregional Office of the Ministry of Justice. Notification of corruption. (n.d.). https://goo.su/lsVbO

PROZORRO official website. (n.d.). https://prozorro.gov.ua/about

Official website of the National Agency for the Prevention of Corruption. Typical corruption risks in public procurement. (n.d.). https://goo.su/FZAs

FACTS news site. Financial monitoring 2023: what amount is covered and what transfers will cause suspicion. (2023, July 24). https://goo.su/I29P

Archive of the electronic edition "LIGA:LAW". (n.d.). The requirements of currency legislation are mandatory in the case of concluding foreign economic contracts. https://goo.su/eeXY

The official website of the Ukrainian National Information Agency "Ukrinform". (2024, March 11). Ukraine and the EU signed an agreement on freight transportation by road. https://goo.su/iuk7

The official site of the Kyiv Chamber of Commerce and Industry. A strike is a force majeure. (n.d.). https://goo.su/EeBU7

Bondarenko, V.E. (2010). System of modeling and analysis of currency risks. https://core.ac.uk/download/pdf/14714654.pdf

Reta, M.V. (2012). Logistics costs: definition, classification and accounting. https://core.ac.uk/download/pdf/50585975.pdf

Official website "Work.ua". (n.d.). How much do they pay in Sumy? https://www.work.ua/salary-sumy/

Periodical "Economic Truth". (n.d.). The electricity tariff has increased. Why was there a need for this? https://www.epravda.com.ua/columns/2023/06/1/700712/

Lesko, O. Y., Pryshchak, M. D., Zalyubivska, O. B., & Ruzakova, G. G. (2011) Ethics of business relations. https://goo.su/rg1i2i

Orekhova, T. V., Khadzhinov, I. V. et al. (2017). International business. Vinnytsia: DonNU Imeni Vasylia Stusa. https://goo.su/KCZ7Ul

Styles of conducting international negotiations. (n.d.). https://goo.su/1c5KYC

The official site of the "LIGA:LAW" Information Agency. Law of Ukraine on Amendments to the Law of Ukraine "On General Military Duty and Military Service". (n.d.). https://goo.su/0yFBI

Periodical "Ukrainian Pravda". (2022, December 29). Women hold only 29% of management positions. What is wrong with gender equality in companies and what can be done. https://goo.su/dG9E

The official website of the Ukrainian Center for Public Data. (n.d.). Women and men in leadership positions in Ukraine:2017-2020. https://goo.su/BID0ACh

The official website of the Ukrainian Center for Public Data. (n.d.). Women and men in managerial positions in Ukraine: open data of EDRPOU. https://socialdata.org.ua/edrpou-gender/

Official website of "EVOPACK" LLC. (n.d.). How paper is made. https://goo.su/XzpRhBq

Official website of the Ministry of Economic Development and Trade of Ukraine. (n.d.). Pulp and paper industry of Ukraine. https://goo.su/8Rc6Qj

Domashenko, M., & Burnakova, V. (2021, March 22–23). The impact of the implementation of innovative technologies on the company’s profitability. Socio-Economic Challenges: Proceedings of the International Scientific and Practical Conference, 230-234.

Domashenko, M., & Hlushchenko, D. (2021, March 22–23). Ukraine’s participation in the international commodity market. Socio-Economic Challenges: Proceedings of the International Scientific and Practical Conference, 235-238.

Domashenko, M., & Yurchenko, A. (2022, May 20). Diplomacy and economics of the Russia-ukraine war. International Economic Relations and Sustainable: materials of the 3rd International Scientific and Practical Conference, 82-84.