The Mechanism of the Industrial Enterprise's Strategy Development Formation

2019 VOLUME-8 ISSUE-10, AUGUST 2019, REGULAR ISSUE  
Theoretical and applied aspects of the mechanism of the industrial enterprise's strategy development formation, are investigated. Based on the presented scientific achievement towards the enterprise's strategic development formation concept, done a systematization of the existing scientific approaches towards considering the investigated concept from the point of view of different objects, in particular: systematic approach, functional approach, hierarchical approach, process approach,
more » ... rget approach, system- structural approach. Taking into account the specifics of the listed approaches, it is noted that the most rational in the current conditions of the industrial enterprises' functioning is the use of system-structural approach. Presented the mechanism of the industrial enterprise's strategy development formation, based on the proposed approach, as a systematic algorithm of actions, that allows on the basis of strategic management to determine the mission, goals and tasks of the enterprise, to develop the main strategic directions and measures of its development in conditions of dynamic change of the external environment at optimal use of the all enterprise's available resources. Defined the business entity's targeted areas of work, according to which the process of development and selection of the strategy's development type, including: strategic plans, tactical plans and operational planning, should be carried out. There are five levels at which the industrial enterprise's strategy development is developed: corporate level, business level, functional level, technical level, operational level, and modular level. The purpose, toolkit, factors and methods of realization diagnostics of the industrial enterprise's strategy development are grounded. It is noted that the process of implementation of the enterprise's strategy development and control over its implementation predicts the practical implementation of the following measures: defined plans and taking measures aimed at the implementation of the made enterprise's strategy development; monitoring the progress of the implementation of the strategy's development and determining the need for its adjustment; evaluation of the strategy's implementation and taking into account the implementation's disadvantages by developing the next strategy or modification of the existing strategy; control over maintaining the existing values of strategic development indicators, the organization's activities and the enterprise's strategic management effectiveness as a whole.
doi:10.35940/ijitee.a4969.119119 fatcat:jvpj23ajpjen7fflxkij2wfceq