Globalization and Development of Modern Enterprises

Abstract

Aim. This study aims to consider proposals to identify new opportunities and threats emerging as a result of the impact of globalization on the functioning and development of modern enterprises and the national economy as a whole. From this perspective, it is necessary to determine the nature of the impact of globalization on the activities of various economic entities, particularly in relation to small and medium enterprises. Methods. The principles of globalization and the nature of its impact on economic and noneconomic processes are analyzed. Methods and tools that modern enterprises should use in order to ensure efficient functioning and development and minimize internal and external risks are identified. Results. This study provides guidelines on the improvement of managerial acivities of the owners and managers of Russian etnerprises aimed at examining the existing economic potential and its efficient use with the purpose of gaining a foothold in the market and enhancing strategic competitiveness.