Effective management strategies development based on modern information and analytical technologies

Authors

DOI:

https://doi.org/10.46299/j.isjmef.20250405.11

Keywords:

Strategic management, Hoshin Kanri, VAR-models, enterprise development, current assets, performance indicators, competitiveness, market volatility

Abstract

This research addresses the critical challenge of strategy implementation in Ukrainian enterprises facing market volatility and international competition. The methodological foundation of the research object incorporates several established management theories and approaches. The study develops an integrated methodology combining the Japanese Hoshin Kanri method with Vector Autoregressive (VAR) models to enhance strategic management effectiveness and enterprise competitiveness. The main contribution is a comprehensive three-stage framework: formation of enterprise performance indicator space, construction and analysis of VAR models for development dynamics, and selection of development priorities. The Hoshin Kanri method provides systematic approach to managing change through strategic planning (hoshin) and operational control (kanri) levels, while VAR models enable dynamic relationship analysis between current and lagged values of key indicators. Empirical validation using Anheuser-Busch InBev Ukrainian division demonstrates the methodology's effectiveness [2]. VAR models constructed for Current Assets indicators (Reserves, Accounts Receivable, Fixed Assets, Goods in Process) show strong explanatory power with R-squared values ranging from 0.9146 to 0.9904. The analysis reveals interconnection degrees among current asset components and identifies endogenous/exogenous variable relationships. The proposed integrated approach enables detection and prediction of non-linear cyclic processes, improves current assets management policy, and provides evidence-based recommendations for enhancing enterprise efficiency. This methodology offers practical solutions for strategic management implementation in volatile business environments.

References

Akao, Y. (1991). Hoshin Kanri: Policy deployment for successful TQM. Productivity Press.

Anheuser Busch InBev Ukraine (SUN InBev). (n.d.). Company homepage. http://www.suninbev.com.ua

Cortés Rodríguez, R., Gutierrez, L., & Ruiz Jiménez, J. M. (2022). Impact of Hoshin Kanri on lean management: A case study in the food retail industry. International Journal of Quality & Reliability Management, 40(4), 942–964. https://doi.org/10.1108/IJQRM-01-2022-0019

Drucker, P. F. (1954). The practice of management. Harper & Row.

EViews. (n.d.). Official website. https://www.eviews.com

Juran, J. M. (1964). Managerial breakthrough. McGraw Hill.

Karaschuk, O. (2023). Information and analytical activity under conditions of Russian aggression. Academic Papers of the Vernadsky National Library of Ukraine, 67, 230–243. https://doi.org/10.15407/np.67.230

Lemishko, O., & Blyzniuk, V. (2024). Financial policy of enterprises under martial law. Bioeconomics and Agrarian Business, 15(2). https://doi.org/10.31548/economics15(2).2024.054

Lozovskyi, O., & Popadiuk, D. (2023). Development of a modern enterprise management strategy. Collection of Scientific Papers «ΛΌΓOΣ» (March 3, 2023; Bologna, Italy), 19–24. https://doi.org/10.36074/logos-03.03.2023.05

Malyarets, L. M., Babenko, V. O., Nazarenko, O. V., & Ryzhikova, N. I. (2019). The modeling of multi-criteria assessment activity in enterprise management. International Journal of Supply Chain Management, 8(4), 997–1004. http://excelingtech.co.uk/

Marksberry, P. W. (2011). The theory behind Hoshin: A quantitative investigation of Toyota’s strategic planning process. International Journal of Business Innovation and Research, 5(3), 347–370. https://doi.org/10.1504/IJBIR.2011.040103

Nikolaienko, D., Vasylieva, N., & Mazurenko, O. (2025). Features of implementing modern business analytics tools. Philosophy and Governance, 3(7). https://doi.org/10.70651/3041-248X/2025.3.02

Oliynyk, O. (2024). From traditional to digital solutions: Modern aspects of the information and analytical approach in the food industry. Public Administration and Local Government, 3, 57–67. https://doi.org/10.32782/2414-4436/2024-3-8

Otenko, I., & Parkhomenko, N. (2019). Strategies of business systems development in global environment. Scientific Annals of Economics and Business, 66(2), 153–166. https://doi.org/10.47743/saeb-2019-0010

Palii, S. (2022). Current trends in the development of information and analytical support in the context of effective managerial decision-making: The case of public authorities in Ukraine. Ukrainian Journal of Library and Information Science, 10, 166–174. https://doi.org/10.31866/2616-7654.10.2022.269493

Paliy, S. (2022). Suchasni tendentsii rozvytku informatsiino-analitychnoho zabezpechennia u konteksti pryiniattia efektyvnykh upravlinskykh rishen [Current tendencies of informational and analytical software development in the context of effective management decision making]. Ukrainian Journal on Library Science and Information Sciences, 10, 166–174. https://doi.org/10.31866/2616-7654.10.2022.269493

Santhiapillai, F. P., & Ratnayake, R. M. C. (2023). Lean thinking and strategy deployment: Adapting Hoshin Kanri and A3 based project prioritization in police services. The TQM Journal, 35(8), 2503–2525. https://doi.org/10.1108/TQM-05-2022-0177

Trush, O. O., & Vasylenko, D. V. (2023). Informatsiino-analitychna diialnist u systemi publichnoho upravlinnia [Information analytical activity in the public administration system]. Tsentralnoukrainskyi Visnyk Prava ta Publichnoho Upravlinnia, 4. https://orcid.org/0000-0001-9578-9451

Vorpsi Cami, L., Grinko, A., Hrynko, P., Bielialov, T., & Mykolaichuk, I. (2021). Strategic management of innovative development of business entities. Economics and Finance, 9(3), 4–19. https://doi.org/10.51586/2311-3413.2021.9.3.4.19

Wilson, R., Cudney, E. A., & Marley, R. J. (2024). Current status of Hoshin Kanri. The TQM Journal, 36(2), 460–477. https://doi.org/10.1108/TQM-07-2022-0216

Downloads

Published

01.10.2025

How to Cite

Serhiienko, O., Haponenko, O., Bilotserkivskyi, O., & Tonieva, K. (2025). Effective management strategies development based on modern information and analytical technologies. International Science Journal of Management, Economics & Finance, 4(5), 118–128. https://doi.org/10.46299/j.isjmef.20250405.11

Similar Articles

1 2 3 4 5 6 7 8 9 10 > >> 

You may also start an advanced similarity search for this article.