Cyclic-Temporal Competitive Advantages of the National Economy and Entrepreneurship Development

Abstract

The article deals with the pressing issues of the growing significance of time as a fundamental factor in the economy development and the competitive behavior of firms. It proposes a conceptual approach to the time phenomenon analysis, in which, based on a synergetic paradigm, the temporal dimension of economy is viewed as a special projection (context), which allows studying its temporal characteristics, as well as functions of time acting as a system-forming phenomenon. The paper, in line with the developed approach, reveals the role of time as a unique instrument to measure the growth of productivity of innovative activities and to regulate allocation of resources in the economy. It is concluded that the level of gross domestic product (GDP) production per time unit reflects the performance of human resources and describes the value of time as a system parameter. At the same time the cost of production becomes a monetary form of manifesting the consumption of aggregate (macroeconomic) time, and the market price becomes the monetary value of the amount of macro-economic time, which a buyer is ready to spend on purchasing a product based on an available income. It is proved that the main source of income exceeding the normal level is innovation, which helps increase the productivity, save time and create Schumpeterian and Kirznerian rents. It shows the role of time as a coordinator of the rhythms of changes in industrial and technological, organizational and institutional, cultural and value connections. It considers the issues of changes in the temporal paradigm of development of entrepreneurial firms' competitive advantages, as well as of strategic management with a focus on time as a competitive factor.

Improvement of Methods of Analysis and Forecasting of Industrial Injuries in the Electric Workshop of the Mining and Processing Plant

“…As additional measures to reduce the potential risks of industrial injuries, we recommend the subjects of the electric power industry: -to improve the quality of staff briefings regarding the use of personal and collective protective equipment by employees, as well as the quality of training in safe methods and skills of performing work; -ensure the proper quality of labor protection instructions and other production documentation; -strengthen control over the organization of work by managers at all levels of management and supervision of workers during the execution of work; -optimize the number and types of work, reducing as much as possible the number of jobs that are not the main ones for employees. At the same time, in case of an urgent need for such work, it is necessary to ensure the safety of employees and continuous monitoring by designated responsible persons [23][24][25][26][27][28].…”

“…These reasons indicate the presence of serious shortcomings in the work of managers at all levels of management of a number of subjects of the electric power industry responsible for the fulfillment by workers of the requirements of norms and rules of labor protection [27,28].…”

Economic Behavior of Business Entities, Culture and Institutions: Specifics of their Interrelations in Conditions of Neo-Industrialization

“…The analysis should be carried out not only from the perspective of statistical efficiency, but also dynamic productivity, taking into account the system-cumulative effects arising in the strategic perspective that lead to the accumulation of not only physical, but also human, intellectual and relationship capital, generation and spread of innovations, cyclo-temporal dependencies, and providing a rational balance between traditions and innovations, existing and new technical and economic structures (Blaug, 2001;Biryukov et al, 2015).…”

The Formation of the Model of Improving the Efficiency of Capital Assets of the Electric Power Companies

“…Практика реформирования электроэнергетических комплексов в Российскую Федерацию пришло с европейских стран, в которых энергетические компании принадлежали различным государствам, и в соответствии с требованиями интеграции, они подверглись конвергенции в рамках Европейского союза, на территории которого был создан Общий электроэнергетический рынок. Несмотря на задуманные планы, национальные государства продолжают помогать и развивать собственный электроэнергетический комплекс, а Европейская комиссия ежегодно принимать законы, способствующие развитию наднационального электроэнергетического комплекса по поддержанию его в устойчивом положении [3][4][5].…”