The influence of globalization processes on strategic development of human capital of industrial enterprises of Ukraine
It has been determined that one of the tools that allows rapid response to changes in the environment, the growth of competition in all spheres of activity is a balanced system of indicators. A characteristic feature of this system of indicators is that it uses not only financial indicators that ref...
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irk-123456789-1501652019-04-02T01:25:00Z The influence of globalization processes on strategic development of human capital of industrial enterprises of Ukraine Rovenska, V. Management of Labour and Safety It has been determined that one of the tools that allows rapid response to changes in the environment, the growth of competition in all spheres of activity is a balanced system of indicators. A characteristic feature of this system of indicators is that it uses not only financial indicators that reflect the efficiency of the business entity in the past, but also does not solve the problems that arise in real-time, as well as the strategic integers enterprises to all employees, but also non-financial indicators that reflect the achievement of strategic goals in various aspects of business and at all levels of management. It has been proved that in order to ensure the quality of human capital and to intensify investment in its development in Ukraine it is necessary to promote the stimulation of the process of innovative development in educational institutions, supplemented by its introduction of innovative technologies in the field of higher education; ensure training of personnel in accordance with modern requirements of employers on their mobility, the ability to generate new ideas and readiness to implement innovations within the framework of strategic objectives of the enterprise. Визначено, що одним із інструментів, який дозволяє оперативно реагувати на зміни зовнішнього середовища, зростання конкуренції в усіх сферах діяльності є збалансована система показників. Характерною особливістю цієї системи показників є те, що вона використовує в якості методів управління діяльністю підприємств не тільки фінансові показники, які віддзеркалюють ефективність роботи господарюючого суб’єкту в минулому, що не вирішують проблеми, які виникають в режимі «реального часу», не дозволяють довести стратегічні цілі підприємства до всіх робітників, але й нефінансові показники, які відображають досягнення стратегічних цілей у різних аспектах бізнесу та на всіх рівнях управління. Доведено, що для забезпечення якості людського капіталу та активізації інвестицій у його розвиток в Україні необхідно сприяти стимулюванню процесу інноваційного розвитку в навчальних закладах, доповнивши його впровадженням інноваційних технологій у галузі одержання вищої освіти; забезпечити підготовку кадрів відповідно до сучасних вимог роботодавців за їхньою мобільністю, можливості генерувати нові ідеї і готовність до реалізації інновацій в рамках стратегічних цілей підприємства. Определено, что одним из инструментов, который позволяет оперативно реагировать на изменения внешней среды, рост конкуренции во всех сферах деятельности является сбалансирована система показателей. Характерной особенностью этой системы показателей является то, что она использует в качестве методов управления деятельностью предприятий не только финансовые показатели, которые отображают эффективность работы хозяйствующего субъекта в прошлом, что не решает проблем, которые возникают в режиме «реального времени», не позволяют довести стратегические целые предприятия до всех работников, но и нефинансовые показатели, которые отображают достижение стратегических целей в разных аспектах бизнеса и на всех уровнях управления. Доказано, что для обеспечения качества человеческого капитала и активизации инвестиций в его развитие в Украине необходимо оказывать содействие стимулированию процесса инновационного развития в учебных заведениях, дополнив его внедрением инновационных технологий в области получения высшего образования; обеспечить подготовку кадров соответственно современным требованиям работодателей по их мобильности, возможности генерировать новые идеи и готовность к реализации инноваций в рамках стратегических целей предприятия. 2018 Article The influence of globalization processes on strategic development of human capital of industrial enterprises of Ukraine / V. Rovenska // Економічний вісник Донбасу. — 2018. — № 4 (54). — С. 142-147. — Бібліогр.: 10 назв. — англ. 1817-3772 http://dspace.nbuv.gov.ua/handle/123456789/150165 331.101.262:338.45 en Економічний вісник Донбасу Інститут економіки промисловості НАН України |
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Management of Labour and Safety Management of Labour and Safety |
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Management of Labour and Safety Management of Labour and Safety Rovenska, V. The influence of globalization processes on strategic development of human capital of industrial enterprises of Ukraine Економічний вісник Донбасу |
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It has been determined that one of the tools that allows rapid response to changes in the environment, the growth of competition in all spheres of activity is a balanced system of indicators. A characteristic feature of this system of indicators is that it uses not only financial indicators that reflect the efficiency of the business entity in the past, but also does not solve the problems that arise in real-time, as well as the strategic integers enterprises to all employees, but also non-financial indicators that reflect the achievement of strategic goals in various aspects of business and at all levels of management. It has been proved that in order to ensure the quality of human capital and to intensify investment in its development in Ukraine it is necessary to promote the stimulation of the process of innovative development in educational institutions, supplemented by its introduction of innovative technologies in the field of higher education; ensure training of personnel in accordance with modern requirements of employers on their mobility, the ability to generate new ideas and readiness to implement innovations within the framework of strategic objectives of the enterprise. |
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Article |
author |
Rovenska, V. |
author_facet |
Rovenska, V. |
author_sort |
Rovenska, V. |
title |
The influence of globalization processes on strategic development of human capital of industrial enterprises of Ukraine |
title_short |
The influence of globalization processes on strategic development of human capital of industrial enterprises of Ukraine |
title_full |
The influence of globalization processes on strategic development of human capital of industrial enterprises of Ukraine |
title_fullStr |
The influence of globalization processes on strategic development of human capital of industrial enterprises of Ukraine |
title_full_unstemmed |
The influence of globalization processes on strategic development of human capital of industrial enterprises of Ukraine |
title_sort |
influence of globalization processes on strategic development of human capital of industrial enterprises of ukraine |
publisher |
Інститут економіки промисловості НАН України |
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2018 |
topic_facet |
Management of Labour and Safety |
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http://dspace.nbuv.gov.ua/handle/123456789/150165 |
citation_txt |
The influence of globalization processes on strategic development of human capital of industrial enterprises of Ukraine / V. Rovenska // Економічний вісник Донбасу. — 2018. — № 4 (54). — С. 142-147. — Бібліогр.: 10 назв. — англ. |
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Економічний вісник Донбасу |
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fulltext |
V. Rovenska
142
Економічний вісник Донбасу № 4(54), 2018
UDC 331.101.262:338.45
V. Rovenska,
PhD (Economics),
Donbass state machine-building academy, Kramatorsk,
ORCID 0000-0002-9412-878X
HUMAN CAPITAL AS A KEY ELEMENT OF STRATEGY
FOR SUSTAINABLE DEVELOPMENT OF INDUSTRIAL ENTERPRISE
Problem statement. The Ukrainian industry is go-
ing through a difficult stage of adaptation to new busi-
ness conditions, which are characterized by tough com-
petition for constant sales markets. The industrial poten-
tial of Ukraine is very powerful, which is confirmed by
the existence of industrial production in each region.
Any production needs resource support. The main re-
source of them is the labor resource, which is characte-
rized by labor potential with the socio-psychological
characteristics of the behavioral economy. This makes it
difficult to manage it, focused on sustainable develop-
ment of enterprises. In the works of many authors, labor
resources are increasingly considered as human capital,
which is the most valuable assets and, in accordance
with the strategic goals of the enterprise, provides the
desired income and creates competitive advantages.
Now days human capital is one of the most important
components of the resource potential of the enterprise.
Today management of enterprises has a need for a sys-
tem of indicators that will be able to describe and fore-
cast the growth of the value and productivity of workers
in a strategic aspect. Quantitative indicators of human
capital are mostly aimed at measuring labor costs, the
volume of opportunities for workers and time in the
short term period. The addition of these indicators with
qualitative characteristics (the level of professional
training of an employee, the correspondence of a posi-
tion, the accumulated experience, the intellectual poten-
tial of an employee, the level of professional mobility,
the employee's interest in the results of his work in ac-
cordance with the company's strategy) will allow enter-
prise managers to concentrate their efforts on values,
knowledge and reactions of people in accordance with
the strategy.
Analysis of recent research and publications.
Many scientific papers are devoted to solving theoretical
and methodological problems of human capital manage-
ment. Among the scientists involved in solving such
problems are O.I. Amosha, O.F. Novikova, V.P. An-
tonyuk, S.S. Aptekar, V.M. Geets, O.A. Grishnova, O.L.
Eskov, R.I. Kapelyushnikov, M. Krytsky, V.I. Kutsen-
ko, E.M. Libanova, O.D. Tsirienov and others. But the
formation of the theoretical and methodological basis of
labor potential management aimed at ensuring the sus-
tainable development of industrial enterprises based on
the adoption of sound management decisions, the reali-
zation of which is oriented on a positive financial result,
has not yet been completed.
The aim of the article. Determination and sub-
stantiation of the relationship between the level of hu-
man capital of industrial enterprises and the effective-
ness of their activities for the formation of the infor-
mation basis for the adoption of management decisions,
the implementation of which is aimed at ensuring the
sustainable development of industrial enterprises.
Presenting the main material. The rapid growth
of the importance of intangible assets from the end of
the last century to the present day, first of all, is due to
changes in modern markets associated with the globali-
zation of the economy, increased demand dynamics, in-
dividualization of consumption and, as a result, in-
creased demand for innovative products and services.
As a result, the main factor of production in the modern
economy is information and knowledge, and assets that
have an intellectual basis become the highest value. Just
twenty years ago, the value of intangible assets in a ty-
pical organization was about 38%. Over the past twenty
years, this figure has almost doubled and today intan-
gible assets account for more than 75% of the value of
the enterprise [76, p. 24]. Intangible assets significantly
differ from fixed assets, real estate and equipment in that
they do not have a direct impact on financial results, but
they have significant competitive advantages: 1) intan-
gible assets such as the experience and knowledge of
key employees, the relationship with customers are al-
most impossible to copy, in contrast to tangible assets;
2) intangible assets acquire great value at the end of a
long period of time, while tangible assets suffer wear
after prolonged exploitation.
Strategic compliance is the main principle of creat-
ing value from intangible assets. The Balanced Score-
card (BSC) helps to bring intangible assets: human, in-
formation, organizational capital in line with the stra-
tegy. The process of creating value from intangible as-
setsis shown in Fig.1. Human capital occupies a special
place among the three types of intangible assets.
World experience shows: countries that give prio-
rity to forming of human capital labour for greater suc-
cesses with the rates of height of economy, reduction of
inequality in allocation of profits and softening of prob-
lem of poverty. A human capital can be measured both
quantitative and by quality indexes. The quantitative in-
dexes of human capital are mostly sent to measuring of
charges of labour, volume of possibilities of workers
and time in a short-term prospect. Addition of these in-
V. Rovenska
143
Економічний вісник Донбасу № 4(54), 2018
Financial
results
- buildings and constructions
of production purpose;
-engineering and equipment;
-material supplies
Tangible assets
-human capital
-information capital
-organization capital
Strategy
Intangible assets
Fig. 1. The process of creating the value of intangible assets [1]
dexes quality descriptions (level of professional prepa-
ration of worker, accordance held a position; accumu-
lated experience; intellectual potential of worker; level
of professional mobility; the personal interest of worker
is in the results of the labour), allow to the leaders of
enterprises to concentrate the efforts on values,
knowledge and reactions of people in accordance with
strategy. Quantitative data are called to establish the ac-
tual result of that or other process of enterprise, at that
time as quality – allow to assume reason of this result.
Effective management an enterprise it is impossible
without innovative development of human capital that is
the major factor of competitiveness of enterprise. With-
out regard to successes of separate enterprises with the
plan of realization in the innovations of human factor in
Ukraine absent complex going near the decision of ques-
tion of providing of enterprises shots in unity with basic
strategic directions of activity. For the decision of stra-
tegic problems of management a human capital it is nec-
essary:
– it is forming of mechanism of the personal inter-
est of workers in the achievement of high performance
indicators by introduction of innovations in the system
of encouragement and social guarantees;
– it is creation for the workers of enterprises of so-
cio-domestic terms (possibility of receipt of accommo-
dation, making healthy, development of personality);
– it is forming of the system of training of (retrain-
ing) personnels due to enterprises or state;
– it is avouching for workers that passed profes-
sional studies on a production, increase of digits and
professional increase.
Only on such conditions it is possible to expect loy-
alty of workers and, accordingly, high results of labour.
Within the framework BS the estimation of human cap-
ital comes true on next criteria: – workers are the most
essential asset of enterprise; – strategy of management
human capitals is inseparable from general strategy of
enterprise; – the maximal use of human resources is
based on opening of creative potential of worker. Com-
plementing the traditional financial reporting, the bal-
anced system of indexes comes forward as an instrument
of ground of necessity of selection of facilities to certain
subdivision of enterprise for investing in a human capi-
tal (fig. 2).
Financial capital
Management
knowledge
Financial
management
Human capital
Influence is on a
market value
50 – 90%
10 – 50%
Fig. 2. Influence of human capital is on the market value of enterprise [2]
V. Rovenska
144
Економічний вісник Донбасу № 4(54), 2018
On the modern stage of economic transformations
the problem of estimation of human capital in the cost
of enterprises obtains all greater actuality. This problem
plenty of works of foreign and home authors, the analy-
sis of that shows the variety of present approaches and
methods, is sanctified to. Enterprises gradually realize
important connection between a human capital and fi-
nancial results, copulas that is not able to take into ac-
count traditional book-keeping methods : the "Effective
estimation of personnel allows correctly to organize the
system of motivation and studies of personnel, form
skilled reserve, assists the improvement of communica-
tive connections, that in a final result influences on pro-
ductive successes of workers" [3, с. 21].
It is possible to distinguish next reasons of neces-
sity of estimation of human capital:
1) estimation of human capital gives an oppor-
tunity to set forth strategy of enterprise. Determining
and estimating the assets, enterprise forms the same for
itself additional competitive edges;
2) measuring of human capital is a necessary con-
dition at forming of key performance indicators enter-
prises that is important for administrative control after
the observance of corporate strategy;
3) using the indexes of non-material assets and hu-
man capital, in particular, an enterprise can from plans
of development and motivation of personnel;
4) indexes of human capital are the instrument of
communication of shareholders and proprietors, by
means of that they get state information, volumes and
loud speaker of human capitals of enterprise;
5) on condition of the exact measuring not only ma-
terial assets but also non-material, in particular, human
capital, managers are able to remove a break between
the market and balance value of enterprise;
6) enterprise capable to estimate the human capital
promotes the reputation at the market.
Without regard to foregoing arguments in behalf
on the estimation of human capital, a standard book-
keeping does not take into account the indexes of this
intangible asset, examining him as part of charges of en-
terprise. It is conditioned by two reasons: firstly, a rec-
ord-keeping is directed into an enterprise, him primary
purpose - to save property of enterprise; secondly, he
carries retrospective character. Financing future, leaning
against the fact sheets of past periods, substantially
brakes the process of creation of cost and influences the
not best character on the competitiveness of enterprise.
Forming of human capital of enterprise takes place both
at the level of separate employee and enterprises on the
whole.
At the level of employee he includes knowledge,
personality qualities, capabilities, professional skills,
talents, and at corporate level - infrastructure, relations
in a collective, ability to work in a command and other.
For a decision the brought tasks over of the system of
strategic budgetary management the indexes of human
capital, that answer strategic aims the Closed joint-stock
company of "NKMZ" (table 1), are formed.
Table 1
Indexes of human capital and strategic aims the Closed joint-stock company of "NKMZ"
[authorial development]
Constituents of human
capital
Indexes of human capital
Strategic aims the Closed joint-stock
company of "NKMZ"
1 2 3
1 Biophysical capital
State of health
1P – amount of hospital folias on 1000
persons in a year, things
1BSC – to provide the best organization
of labour
2P – an amount of days of illness is on a
1 sick-leave authorization for a year,
things
2BSC – to work out the models of work-
places
Age
3P – middle age of workers, years
3BSC – to provide social security of
members of collective as the greatest so-
cial indexes in an engineer
4P – specific gravity of age categories of
workers, %
5P – coefficient of variation, %
Explained 8P – motivational potential
4BSC – realization of belonging every worker
is to "Planet of NKMZ"
5BSC – confession of corporate values
by every worker
6BSC – to provide accordance of the personal
aims of employees of corporate strategy
V. Rovenska
145
Економічний вісник Донбасу № 4(54), 2018
Ending of Table 1
1 2 3
Necessities and values 9P – importance of labour values
7BSC – questioning of employees is about
an organizational culture on innovations and
changes
2 Intellectual capital
Level of education
10P – amount of years of studies (on the
categories of personnel)
8BSC – to carry out 100 % retraining
11P – amount of types of education (on
the categories of personnel)
9BSC – to define requirements to
knowledge and abilities of workers
12P – specific gravity with the corre-
sponding level of education % (on the
categories of personnel)
10BSC – to inculcate the system of the
automated estimation of knowledge
Qualification
13P – specific gravity is for DC, %
11BSC – review of present scientific and
technological possibilities, conducted by
workers
14P – category, middle digit, specific
gravity, %
12BSC – to attain higher qualification
of personnel
15P – an amount of professions is on a 1
person
13BSC – to provide any profile ordering
fulfillment
14BSC – to define the groups of strategic
professions
Competence
16P – amount completed course of studies
на1 person
15BSC – to provide the presence of stra-
tegic сompetence on key positions of
subdivision
17P – an amount of seminars (external
studies) is on a 1 person
16BSC – to carry out a 70 % certification
3 Social capital
Social status 24P – worker, engineer, office worker,
leader, specific gravity, % 23BSC – to provide social security of
members of collective as the greatest so-
cial indexes in an engineer Marital status 25P – it is married / specific gravity is not
married, %
Experience of work
28P – middle experience of workers,
years 24BSC – to explain specialists for the
achievement of aims
29P – specific gravity of categories of
workers is with middle experience, %
On the basis of the individually worked out indexes
of efficiency, next comparison of to the plan and actual
data leaders get information, that allows to them to do
the estimation of efficiency of realization of strategies
in the basic areas of considered Balanced Scorecard. In
our case it is indexes of instability of demand, appea-
rance of competitive firms and products, price advance
on raw material, legal risks et al. Balanced Scorecard on
the basis of the individually worked out indexes of effi-
ciency settles all these problems, undertaking a manage-
ment key processes, strengthening a feed-back (influ-
ence of environment is on the factors of activity of en-
terprise) by means of translation of vision in strategy,
expansion of communications and connections of enter-
prise with an environment, conducting business-plan-
ning. It is well-proven that similar operations the pre-
pared specialists that will use креативный style and in-
novative possibilities of labour activity as forms of dis-
play of human capital in practice can execute.
Conclusions. On the whole it is possible to mark
that the use of strategic indexes of human capital gives
an opportunity to improve quality current and strategic
planning on an enterprise, to do him the effective
V. Rovenska
146
Економічний вісник Донбасу № 4(54), 2018
element of control system. Formalization of strategy of
the effective use of human capital of enterprise is
reasonable to carry out by means of the balanced system
of indexes that are an interlink between formulation of
strategy and her embodiment. A human capital plays a
key role all four aspects of activity of enterprise, because
on a competence and skills of workers realization of
aims of other constituents depends in the system of
steady development of enterprise.
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V. Rovenska
147
Економічний вісник Донбасу № 4(54), 2018
Ровенська В. В. Людський капітал як ключо-
вий елемент стратегії сталого розвитку промисло-
вого підприємства
У статті розроблено систему стратегічних показ-
ників ефективності людського капіталу промислового
підприємства та доведено, що їх використання дає
можливість підвищувати якість поточного й стратегіч-
ного планування на підприємстві, робити його ефек-
тивним елементом системи управління. Обґрунтовано
формалізацію стратегії ефективного використання
людського капіталу підприємства здійснювати за до-
помогою збалансованої системи показників, що є спо-
лучною ланкою між формулюванням стратегії і її вті-
ленням. Людський капітал відіграє ключову роль у всіх
чотирьох аспектах діяльності підприємства, тому що
від компетентності й навичок працівників залежить ре-
алізація цілей інших складових у системі сталого роз-
витку підприємства.
Ключові слова: людський капітал, сталий розви-
ток, стратегія підприємства, стратегічні показники,
збалансована система показників, нематеріальні ак-
тиви.
Ровенская В. В. Человеческий капитал как
ключевой элемент стратегии устойчивого развития
промышленного предприятия
В статье разработана система стратегических по-
казателей эффективности человеческого капитала про-
мышленного предприятия и доказано, что их исполь-
зование дает возможность повысить качество теку-
щего и стратегического планирования на предприятии,
сделать его эффективным элементом системы управле-
ния. Обоснована формализация стратегии эффектив-
ного использования человеческого капитала предпри-
ятия осуществлять при помощи сбалансированной си-
стемы показателей, которая является связующим зве-
ном между формулированием стратегии и ее воплоще-
нием. Человеческий капитал играет ключевую роль во
всех четырех аспектах деятельности предприятия, так
как от компетентности и навыков работников зависит
реализация целей остальных составляющих в системе
устойчивого развития предприятия.
Ключевые слова: человеческий капитал, устой-
чивое развитие, стратегия предприятия, стратегиче-
ские показатели, сбалансированная система показате-
лей, нематериальные активы.
Rovenska V. Human capital as a key element of
strategy for sustainable development of industrial en-
terprise
The article has developed a system of strategic indi-
cators of the effectiveness of the human capital of indus-
trial enterprise and it is proved that their use makes it pos-
sible to improve the quality of current and strategic plan-
ning in the enterprise, making it an effective element of the
management system. It is substantiated the formalization
of the strategy of effective use of the human capital enter-
prise by means of the balanced scorecard, which is the link
between the formulation of the strategy and its implemen-
tation. The human capital plays a key role in all four as-
pects of the enterprise, since from competence and skill the
realization of the goals of the remaining components in the
system of sustainable development of the enterprise de-
pends.
Keywords: human capital, sustainable development,
strategy enterprise, strategic indicators, balanced score-
card, intangible assets.
Received by the editors: 26.09.2018
and final form 14.12.2018
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