Evaluating the efficiency of the synergistic effect in the business network

Abstract

The article aimed to develop a methodology for monitoring the quality level of the synergistic effect of enterprises' economic activity in business network interaction on the example of mechanical engineering in Ukraine. Using the expert assessments of 386 senior and middle managers of 27 mechanical engineering enterprises of the Kharkiv region and the main components' method, the components of qualitative parameters of the synergetic effect of economic activity result from network interaction have been determined. An additive econometric model has been developed to calculate the integrated indicator of enterprises' economic activity's synergetic effect in terms of the business network of the studied enterprises. Using Fibonacci rules, the levels of qualitative component components and the integrated indicator of the synergy of economic activity in the context of a single network partner are determined.

Assessment of the Network Interaction Synergistic Effect According to the Organization Life Cycle

“…The results obtained allowed us to conclude the positive effect of the synergy concept for Ukrainian enterprises that are partners of entrepreneurial networks, which is often used to justify the need to combine companies and analyze the financial viability of this process (Dykan et al, 2021). Within the framework of this study, an econometric approach has been developed, which made it possible to substantiate the fact that, despite the existing properties of the economies of scale as a decrease in the cost of production of goods and services achieved due to an increase in the size of production capacities, its positive character of manifestation is observed for network, and nonnetworked enterprises.…”

“…But within the framework of the integration of economic activity, combining the efforts of entrepreneurs, governing bodies and business entities provides significant advantages in the competitive struggle and rationalization of production and market processes. (Dykan et al, 2021).…”

“…The desire for survival through development on the part of economic entities in Ukraine at the present stage began to manifest itself in the creation of new forms of doing business, such as entrepreneurial networks (Zadorozhna, 2014). Business formation and development through the creation of integrated structures (entrepreneurial networks) is a new approach to increase competitiveness in a globalized business (Dykan et al, 2021). Entrepreneurial networks have grown out of an urgent need to search for and realize competitive advantages, pursue various business directions, and find ways to improve the effective work of organizations, which have determined the feasibility of a wide range of synergistic effects, the competent disclosure and management of which can qualitatively improve organization efficiency as a whole.…”

Quality management of the integrated development of Ukrainian light industry enterprises

“…According to Azatbek et al (2019), businesses should focus on measuring and maintaining sufficient competitive strength and intellectual growth. Ikram et al (2018), Kaur et al (2019), Dykan et al (2021) considered the evaluation of the synergistic effect in the process of enterprise development from the perspective of the integration of its supply chains. Handayani and Nirwan (2019) stated that firms should pay more attention to the integrated environment and a shared understanding of customer value based on the findings from research of a logistics company.…”

Influence of Renewable "Green" Energy on the Economic Development of the EU States

“…Many authors emphasize the great importance of solar energy for households [14] and to create thermal energy. The synergistic and network effects of the economic activities of individual enterprises on the national economy are proved in their studies by Dykan [3] and Lazorko [13]. However, concerning the state benefits of investments in developing the EU solar power industry, there have been virtually no such scientific studies.…”