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The Theoretical Aspects of Monitoring in the Management System of Economic Relations Entities
Nosach N. M., Yehiozarian A. H., Poliakova Y. S.

Nosach, Nataliia M., Yehiozarian, Artur H., and Poliakova, Yevheniia S. (2024) “The Theoretical Aspects of Monitoring in the Management System of Economic Relations Entities.” Business Inform 9:437–442.
https://doi.org/10.32983/2222-4459-2024-9-437-442

Section: Management and Marketing

Article is written in Ukrainian
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UDC 658.5:005.5

Abstract:
The article considers the importance of monitoring in the enterprise management system in the conditions of high dynamics of market processes, fierce competition and instability of the external environment. Based on the relevance of the topic and the presence of previously unresolved parts of the problem, the purpose of the study is formulated as follows: analysis, systematization and generalization of the existing theoretical approaches to the definition of monitoring in the management system of subjects of economic relations. It is identified that modern monitoring covers three key areas: orientation to technical characteristics, its use as a managerial function, and application to specific management objects. The study substantiates that the implementation of monitoring contributes to the growth of profitability due to the ability to predict challenges and optimize managerial decisions. The genesis of the development of monitoring tools is also presented: from traditional financial methods to modern integrated management systems, verifying the increase of its role in the strategic management of enterprises. It is substantiated that monitoring is a systematic process of collecting, analyzing and evaluating data on certain phenomena, processes or activities in order to control, support and make informed managerial decisions. Monitoring allows you to identify problems and risks in time, ensures timely adjustment of strategies and increases the competitiveness of the enterprise, in particular, it is an important tool that provides a continuous process of collecting, analyzing and evaluating data for making informed managerial decisions. A comprehensive analysis of the main types of monitoring, in particular financial, operational, strategic, environmental, social and others, which can be used to achieve effective enterprise management, is presented. The study revealed that different types of monitoring provide a systematic approach to enterprise management, allowing to maintain sustainable development and efficiency. The introduction of various types of monitoring allows the enterprise to quickly respond to changes, assess risks and achieve strategic goals, ensuring the enterprise’s competitiveness in the market.

Keywords: monitoring, management, strategy, strategic management, competitiveness of the enterprise.

Tabl.: 1. Bibl.: 19.

Nosach Nataliia M. – Candidate on Doctor Degree, Department of Management, Business and Administration, State Biotechnological University (44 Alchevskykh Str., Kharkiv, 61002, Ukraine)
Email: [email protected]
Yehiozarian Artur H. – Deputy Head of the Department, North-Eastern Office of the State Audit Service (5 Svobody Square, Kharkiv, 61022, Ukraine)
Email: [email protected]
Poliakova Yevheniia S. – Candidate of Sciences (Economics), Associate Professor, Pro-rector, International Technological University «Mykolaiv Polytechnic» (2a Robocha Str., Mykolaiv, 54029, Ukraine)
Email: [email protected]

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