Academic journal article European Research Studies

Improving Scoring System of Performance Indicators of Industrial Systems at the Meso-Level

Academic journal article European Research Studies

Improving Scoring System of Performance Indicators of Industrial Systems at the Meso-Level

Article excerpt

1. Introduction

Improving the fishing industry effectiveness is one of the most important economic problems of Russia and priority objective of the Primorye Territory. The solution of this problem largely influences the level of regional economy development, and hence the increase in the living standard of the population, food security, and investment attractiveness. The problem of assessing the industry effectiveness is becoming especially relevant in the conditions of a highly concentrated market of fishery ventures and economic crisis-like phenomena. Measuring the effectiveness of industrial complexes requires its qualitative and quantitative assessment, that is, the definition of criteria and a set of indicators. Today, there are a number of criteria, which are used in practice for assessing industrial systems with due consideration of industry specifics. Properly formulated and defined criterion should most fully express the essence of the industrial complexes effectiveness and be the same for all phases and aspects of its activities (Oktyabersky, 1985; Bashmakov et al., 2015; Bondarenko et al., 2017).

Among foreign and domestic researchers of the theory of effectiveness there is no clear view on universal indicator, which would allow comprehensively assessing the effectiveness of the industry, given the industry peculiarities. When studying methodical approaches to the assessment of effectiveness, we used the works of Russian and foreign authors, namely Kaplan and Norton (2001), Yalunina (2014), and Morganiya (2009). The opinions of scholars diverge depending on commitment to the approaches of performance assessment. Analytical overview of existing methodical approaches to the assessment of effectiveness of industrial structures allows emphasizing their standard-based nature and the lack of gradation of indicators by hierarchy levels - from the micro- to the macro-level. It is also noted that the methodological approaches in assessing the effectiveness of industrial ventures at the meso-level, as a type of economic activity, are studied insufficiently.

The choice of the Primorye Territory as a base for empirical research is explained due to several factors. Firstly, the fishing industry is of strategic importance for economic development of the Primorye Territory. Secondly, being able and having rich aquatic biological resources, the Primorye Territory is inferior to the leadership of the Kamchatka Territory since 2008. Thirdly, in 2014 there is a decrease in the main performance indicators. Consequently, it is necessary to take urgent measures to reduce the impact of disincentives and the development of fishing industry in the region. So, insufficient theoretical and practical development of the issues related to the definition of criteria and indicators to assess at the meso-level the effectiveness of the fishing industry determined the choice of the present research topic.

2. Materials and Methods

Having studied the conceptual framework of the effectiveness theory, we note that it is quite agile and is systematically supplemented and specified. Assessment of the effectiveness of industrial systems is considered in many works, and the attention of many contemporary scientists is focused toward studying the problem of effectiveness at the meso-level.

According to the authors, the meso-level should be defined as the effectiveness of economic activity type in the regional aspect. This approach will allow, firstly, considering features and chronological results of regional development of the industrial systems, and secondly, the specificity of the analyzed business profile (Levkina, 2017; Theriou, 2015; Sibirskaya et al., 2016). Considering contemporary approaches to the assessment of industrial systems effectiveness, we can note both the ambiguity of the interpretation of the meso-level itself, and the lack of a common set of relevant indicators and criteria. …

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