Abstract:
© 2019, Research Trend. All rights reserved. The article describes the approach of formation of the mechanism of firm competitiveness management, which is based on the main categories of western management, taking into account multidirectional factors. The purpose of this article is to study the basic elements of the formation of the mechanism of the firm's competitiveness management. The relevance of this issue has become more acute during the economic crisis, and its solution has necessitated an active search for effective approaches to managing the competitiveness of firms. The importance of the problem is primarily due to the need to maintain and improve the economic security of business in a strategic perspective in the context of financial and economic instability. In the conditions of our economy, it is necessary to pay attention to foreign experience and implement it in domestic business. Today, in the management of domestic enterprises there is a certain management vacuum, the reason for which is the lack of effective management tools that are developed by domestic scientists taking into account the peculiarities of the activities of domestic enterprises. In general, the management mechanism is considered as an integral part of the management system, providing an effective impact on the factors, the state of which determines the result of the management object (firm). The management mechanism for modern firms is a tool of impact on the economic and organizational parameters of the management system, which contributes to the formation of competitive advantages and improves the efficiency of the firm as a whole.
