Balance as a Factor of Stability and Successful Development of Economic Entities

Relevance of the topic. The specific nature of our country’s current economic development requires an active transformation of its sectoral structure, accelerated restoration of basic industries that ensure complete independence from capital goods exports into leading knowledge-intensive sectors of the economy, and accelerated development of manufacturing new products that shape the national sovereignty and its leading position in the global market for new industries and technologies.

Subject. The given article examines the methodological principles of dynamic multisectoral balance and makes specific proposals for its effective use in modern conditions. It also highlights how and where this methodological approach can be applied for specific economic development management and solution of the imperatives set before the country to be overcome. The objective of this study is to explore the potential the balance method used at all stages of economic management — from the formation of core production processes to their intersectoral convergence. General scientific methods of cognition were used in the study: system analysis, systematisation and classification, detailing and generalisation; statistical and traditional methods of analysis (factor, comparison); assessment methods and modern methods of information data processing, and communication systems that ensure remote monitoring and production management. The methodological basis of the study is the works of leading Russian scientists V.S. Nemchinov, V.V. Leontiev, and N.I. Veduta, a series of studies in the field of inter-industry balance. The result of the conducted research is justification of the further application of methods of intersectoral balance in the study of organising the production process, designing the structure of large corporate systems, and elaborating development strategies. Some of the proposals may be useful to government agencies for development of regulatory documents related to the strategic and ongoing management of economic systems at various levels.

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