Agrarian Economy 2020 Т. 13 № 3-4: 68-76

Operation of enterprises in the conditions of pandemic-caused escalating uncertainty

Rulitska K., Ph.D., Associate Professor
Yatsiv S., Ph.D., Associate Professor
Lviv National Agrarian University

ANNOTATION

In general, the situation, in which enterprises carry out economic activity in the conditions of introduction of quarantine restrictions and the COVID-19 pandemic in Ukraine, is considered and analyzed in the article. The impossibility to estimate the full amount of losses, incurred by enterprises in a pandemic, is emphasized. It is established that uncertainty because of the pandemic has become unmanageable. It is impossible to apply quantitative indicators to it. It is emphasized that the mass protests of entrepreneurs do not affect the government's decision to tighten quarantine restrictions. It is noted that importance of obtaining accurate and complete information has a direct impact on the research results. It is emphasized that the economic conditions of enterprises characterize their economic uncertainty. The researchers stress that circumstances change under the influence of time, and therefore require constant monitoring and analysis. The main features of enterprises operation in the conditions of economic uncertainty are considered. Economic uncertainty is analyzed, as well as its influence on other types of uncertainty. It is marked that any company is subjected to the influence of environmental factors, but in the conditions of uncertainty, all its efforts should be aimed at finding a appropriate model of effective development. It is noted that consequences of uncertainty are risks and crises. The dependence of uncertainty and risk in the presence of common variants of events is considered. The main factors influencing the overall stability of the enterprise in the market are highlighted. The set of levels of unstable environment is analyzed. The most effective research methods used in conditions of uncertainty are given. Their advantages and disadvantages are noted. The expediency of application of those methods at domestic agricultural enterprises is justified. The opportunities of diversification growth by enterprises are evaluated. The progress of application of the newest methods of research at average enterprises is underlined. It is proposed to involve local authorities (including the newly created united territorial communities) in the process of resolving disputes between entrepreneurs and the Government. The importance of the FORESIGHT COVID-19 project and its impact on the government actions in the pandemic conditions is emphasized.

KEY WORDS

enterprises, uncertainty, Foresight research, risk, strategy

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