Statistical component in diagnostics of change management at metallurgical enterprises

Abstract

Introduction. Making strategicmanagement decisions is based on the diagnostics of enterprise state. Directions of such research depend on kind of organization activity and management approaches that are used by company management. One of such approaches is a change management.

Purpose. The purpose of this article is substantiation of mechanism content of economic diagnostics which allows increasing efficiency of change management at enterprises of one of the basic industries – ferrous metallurgy.

Method (methodology). Method of statistic indicators, Riabtsev’s index, analysis, synthesis, method of scientific abstraction have been used in the conducted research.

Results. It has been established that the essence of economic diagnostics is to describe the characteristics of the enterprise state and to ascertain the reasons of the current situation. Linkage between economic diagnostics and analysis has been showed. Use of financial statements as the information base for diagnostics has been substantiated. Structuring of diagnostic indicators on the basis of their belonging to one of the functional subsystems of metallurgical enterprises (production, marketing and sale, finance, staff) has been proposed. Economic interpretation of used indicators has been explained. The procedures for calculating of the turnover ratio of receivables and the turnover ratio of inventories have been clarified. Expediency of using Riabtsev’s index in assessment of structural shifts in production has been proved. According to aim of diagnostics of metallurgical enterprises activity formulas of labor productivity and capital productivity have been modified by using gross volume of produced steel as indicator of production volume. Economic content and the role in diagnostics of indicator “corrected duration of current asset turnover” have been substantiated. Net sales-costs of sales coverage ratio has been formed for characteristic of price policy efficiency. The scheme of change management diagnostics at metallurgical enterprises has been worked out. It supposes the evaluation of the nature of changes (progressive/positive, neutral, regressive/negative) in each functional subsystem of organization. Necessity of meaningful analysis of economic diagnostics results has been emphasized.