Increasing the level of competitiveness of the enterprise due to the implementation of adapted time management tools

Hrinchenko Raisa
Doctor of Economic Sciences, Associate Professor of the Department of Economy of enterprise and Business Organization, Odesa National Economic University, Odesa, E-mail:raya11@ukr.net, ORCID ID: https://orcid.org/0000-0002-3366-6154

Afanasieva Veronika
Master's student, 5th year, Faculty of Economics and Business Management of Odesa National Economic University, Odesa, E-mail:af.nika.d.123@gmail.com, ORCID ID:

Vlashchenko Anna
Master's student, 5th year, Faculty of Economics and Business Management of Odesa National Economic University, Odesa, E-mail: ania200238@gmail.com, ORCID ID:

Petrosian Ahnesa
Master's student, 5th year, Faculty of Economics and Business Management of Odesa National Economic University, Odesa, E-mail:af.nika.d.123@gmail.com, ORCID ID:

Cite this article:

Hrinchenko R., Afanasieva V., Vlashchenko A., Petrosian A. (2024) Increasing the level of competitiveness of the enterprise due to the implementation of adapted time management toolsEd.: V.V. Kovalenko (ed.-in-ch.) and others [Rol venchurnoho finansuvannia u stymuliuvanni innovatsiinoho rozvytku pidpryiemstv; za red.: V.V. Kovalenko (gol. red.)], Scientific Bulletin of the Odesa National Economic University (ISSN 2313-4569), Odesa National Economics University, Odesa, No. 1-2 (314-315), pp. 126-137.

Abstract

The purpose of the article is to study the possibilities of increasing the level of competitiveness of the enterprise due to the introduction of adapted time management tools. Adhering to the principles of time management in today's business environment is a key task for companies, as rapid changes, competition and the need for agility constantly create new challenges for them. Issues related to the identification of optimal tools that take into account the specifics of the specific field of activity of the enterprise and its team, as well as ensuring their effective adaptation in the changing market environment, remain unresolved. It is considered the essence and features of the organization's competitiveness. The concept of competitiveness is quite complex and has many aspects, but in general it is defined as the ability of an enterprise to compete effectively in the market, providing its customers with high quality products or services and at the same time maintaining its profitability. The aim of the study is to investigate the possibilities of increasing the level of competitiveness of the enterprise due to the introduction of adapted time management tools. The methods of analysis, induction, comparative analysis and classification are used to achieve the formulated goals. The overall effectiveness of time management are analyzed. It includes the use of various tools and programs for planning and managing tasks, as well as the development of strategies and processes to optimize working time. The existing time management tools are considered. The advantages of implementing time management tools are analyzed. The advantages include increased employee productivity, reduced stress levels, more efficient task management and optimization of work processes. The importance of personnel training for the successful implementation of the time management tools is emphasized. The practical significance of the study is to implement the time management tools and to adapt them to the specifics of enterprises.

Keywords

competitiveness, enterprise, time management, time management tools, time, efficiency, productivity, adaptation.

JEL classification: J400; DOI: https://doi.org/10.32680/2409-9260-2024-1-2-314-315-138-145

UD classification: 005.954:331.31:334.76

References

1. Krasniak, O., & Mytsyk, V. (2019). Competitiveness and competitive advantages of the enterprise in modern market conditions. Efektyvna ekonomika, (11). Retrieved from http:// socrates.vsau.org/repository/getfile.php/23748.pdf [In Ukrainian].
2. Gerasimova, V., & Riezanov, E. (2020). Competitiveness of enterprise: Essence and factors of influence in modern conditions. Ekonomichnyy prostir, (154), 93-97. Retrieved from https://doi. org/10.32782/2224-6282/154-17 [Іn Ukrainian].
3. Antoschenkova, V. (2019). Competitiveness as the basis of an effective national economy. Visnyk Kharkivs'koho natsional'noho tekhnichnoho universytetu sil's'koho hospodarstva imeni Petra Vasylenka, (200), 84–95. Retrieved from http://nbuv.gov.ua/UJRN/Vkhdtusg_2019_200_11 [Іn Ukrainian].
4. Brin, P., & Nekhme, M. (2021). Enterprise competitiveness: essence, indicators and methodological principles of dynamic assessment. Prychornomors'ki ekonomichni studii, (64), 36-43. Retrieved from https://repository.kpi.kharkov.ua/server/api/core/bitstreams/932675c6- f245-47e8-9b11-103545c49396/content [Іn Ukrainian].
5. Chang, J. (2023). 10 tips for effective corporate time management. Financesonline.com. Retrieved from https://financesonline.com/10-tips-effective-corporate-time-management/.
6. Olikh, L. (2022). Tools for implementing corporate time-мanagement under digitization of management processes. Visnyk Kyyivsʹkoho natsionalʹnoho universytetu imeni Tarasa Shevchenka. ekonomika, (221), 45-50. Retrieved from https://doi.org/10.17721/1728-2667.2022/221-4/6 [Іn Ukrainian].
7. Prychepa, I., Solomoniuk I., & Lesko T. (2018). There-management as an effective tool for effective use of the time of a successful manager under modern conditions. Efektyvna ekonomika, (12). Retrieved from http://ir.lib.vntu.edu.ua/handle/123456789/23511 [Іn Ukrainian].
8. Lashchenko, O., Serohin, S., & Serohina, N. (2020). Research on management techniques and their use in the activities of civil servants. Aktualni problemy derzhavnoho upravlinnia, 2(58), 149-156 [Іn Ukrainian].
9. Boryshkevych, I., Zhuk, O., & Piatnychuk, I. (2020). Using basic time management tools to increase personal efficiency. Efektyvna ekonomika, (5). Retrieved from https://doi. org/10.32702/2307-2105-2020.5.60 [Іn Ukrainian].
10. Huzar, U., & Korkuna, O. (2019). Features of planning of hotel and restaurant business management activities. Skhidna Yevropa: ekonomika, biznes ta upravlinnia, 6(23), 267-273. Retrieved from http://www.easterneurope-ebm.in.ua/journal/23_2019/41.pdf [Іn Ukrainian].