Factor analysis of the model indicating the sustainablity of the economic growth of the enterprise

Economic & mathematical methods and models

The article presents the author's resource-management model indicating the sustainability of economic growth that allows identifying the primary causes of changes in the sustainability coefficient in a more substantiated way. The resource-management model is analyzed by applying the author’s integral factor method. Recently, factor analysis has become an element of management, a tool to evaluate the operational safety of business entities. The introduced resource-management model of the sustainability of economic growth is designed to identify and analyze the factors determining the performance efficiency of commercial organizations, to evaluate their impact and emerging trends in their changes and significance. To properly evaluate the effectiveness of decisions taken on the basis of data analysis, enterprise management should be well reasoned. Under current highly competitive conditions, management decisions  cannot be intuitive or approximate, they should be based on accurate calculations and thorough  economic analysis. The results of data analysis thus constitute a basis for the development and execution of management decisions. Economic analysis is a management function that ensures the scientific character of decision-making. Such an analysis relies on the system of indicators and analytical tables, the logic of selection and preparation of which involves the analysis of the status and dynamics of the economic potential of the enterprise, the results and effectiveness of its use. Deterministic factor analysis aims to identify the influence of error-free factors on the value of the effective index. In the presence of market relations,  it is most suitable for practical application. The article introduces an alternative approach to making an integral assessment of the impact of the factors on the generalizing indicator. The author’s method of integral factor analysis gives an opportunity to make a more comprehensible and less time-consuming conclusion about changes in the financial state of a company as well as to evaluate the degree of the impact of the factors on the variations of the analyzed indicator in a management system and its change trends.