EVALUATIING ECONOMIC BEHAVIOR OF RAILWAY TRANSPORT INDUSTRY ENTERPRISES: RESEARCH AND METHODOLOGICAL IMPLICATIONS

Abstract

The article seeks to explore modern business environment for Ukrainian industrial enterprises of railway transport that challenges the development and implementation of mechanisms to intensify economic behaviour management practices in the context of neo-industrial modernization that will facilitate better access to entering new markets, help to attract new consumers and enhance the enterprise competitiveness. It is emphasized that ensuring intensification of economic behavior management for railway transport industry enterprises in the frameworks of neo-industrial modernization is a multidimensional process since the ultimate performance depends on the quality of management decisions and involves the implementation of innovative approaches as well as relies on other factors that determine the effectiveness of business activities. The proposed concept for the intensification of economic behavior management in the railway transport industry has to provide relevant information management support that will guide effective managerial decision making together with offering a mandatory forecast of their economic outcomes, ensuring operational control, etc. It is argued that the intensification of economic behavior management is a driving factor in building a development strategy of railway transport enterprises with due regard to its structural elements and their indicators effects, and accounting for their advantages and disadvantages. The study suggests a conceptual methodological approach to evaluate the economic behavior of industrial enterprises in the sector of railway transport which covers the three phases: preliminary, basic and final. The findings provide a reasoned argument as to the effectiveness of this approach in management decision making and their further implementation in enhancing economic behavior management of the railway transport industry enterprises in the neo-industrial modernization business settings.