Formation of strategic management of hemp cultivation in a developing country: A case of Ukraine
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Author(s)Liubov MykhailovaLink to ORCID Index: https://orcid.org/0000-0003-2628-5094
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Andrii MykhailovLink to ORCID Index: https://orcid.org/0000-0003-0872-2334
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Liudmyla KorenivskaLink to ORCID Index: https://orcid.org/0000-0002-7356-0450
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Lyudmyla KhromushynaLink to ORCID Index: https://orcid.org/0000-0001-9134-9010
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Marharyta ChuprinaLink to ORCID Index: https://orcid.org/0000-0002-3276-4473
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DOIhttp://dx.doi.org/10.21511/ppm.19(2).2021.01
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Article InfoVolume 19 2021, Issue #2, pp. 1-13
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835 Downloads
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Creative Commons Attribution 4.0 International License
After a long period of decline and persecution, there is a revival and rapid development of the cannabis industry around the world: the use of this unique crop is expanding rapidly, and finally, it was transferred from a narcotic to an agricultural one (except for Ukraine). Nowadays, the Ukrainian hemp industry has practically gone unnoticed by the state, scientists, practitioners and society. At the same time, it has development prospects and can play a significant role for rural areas and the national economy. The paperis aimed at exploring the possibilities of growing hemp (Cannabis sativa L.) and justifying the need for strategic management of the development of the cannabis industry in Ukraine. Based on the analysis of hemp production, it is established that during the years of Ukraine’s independence, the area of hemp crops has decreased almost 8 times; the number of producers is limited; hemp processing plants do not function; the yield of technical hemp seeds has a slight tendency to increase andapproximates 6-7 kg/ha. The prospects for cannabis cultivation require building strategic management of the cannabis industry to address key issues and mitigate threats. The key elements of the production development strategy are identified as improving institutional and financial support at the state level. The main guidelines of strategic management of hemp cultivation are: simplification of regulation for producers; intensification of agribusiness entities; increasing production volumes; and improving the competitive environment in the hemp market. It is proved that the strategic development of the hemp industry requires developing hemp processing enterprises; disseminating knowledge among the population about the usefulness and benefits of this multi-purpose culture. To substantiate the effectiveness of strategic decisions, the algorithm was proposed for assessing the effectiveness of growing different types of hemp products by different technologies, which is carried out using economic and mathematical modeling.
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JEL Classification (Paper profile tab)M11, O13, O18, Q16
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References25
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Tables1
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Figures4
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- Figure 1. Dynamics of acreage of industrial hemp in Ukraine and Sumy region, thousand hectares
- Figure 2. Technical hemp area by enterprises and institutions of Sumy region in 2019, hectares
- Figure 3. Yield of fiber and seeds of technical hemp in Ukraine, c/ha
- Figure 4. Algorithm for assessing the efficiency of strategic decisions in hemp cultivation
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- Table 1. Data from the State Register of Industrial Hemp Varieties as of December, 2019
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The prospects of integration of the advertising market of Ukraine into the global advertising business
Svitlana Dombrovska ,
Viktoriia Shvedun ,
Volodymyr Streltsov ,
Kyrylo Husarov
doi: http://dx.doi.org/10.21511/ppm.16(2).2018.29
Problems and Perspectives in Management Volume 16, 2018 Issue #2 pp. 321-330 Views: 1144 Downloads: 223 TO CITE АНОТАЦІЯAdvertising expands and improves sales channels, accelerates money turnover, thereby increasing overall effectiveness of functioning of national economy and its integration into the world economy in general. The analysis of the current trends and future prospects of management of the advertising market of Ukraine at the world level is carried out in the article. In particular, the analysis of the current structure of the world advertising market is made. The assessment of retrospective tendencies of development of the advertising and communication market of Ukraine is carried out. The identification of perspective volumes of the advertising market of Ukraine is made. The forecast of perspective volumes of the advertising market of Ukraine within the next three years is made. In general, the given research allows to allocate problems of the modern advertising market of Ukraine and offers the ways of improvement of the state advertising policy of Ukraine.
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Status and prospects for the development of credit unions in Ukraine
Problems and Perspectives in Management Volume 15, 2017 Issue #4 pp. 124-133 Views: 1071 Downloads: 220 TO CITE АНОТАЦІЯCredit unions increase social orientation and efficiency of the market economy by providing their members with necessary financial services on a non-profit basis. Unfortunately, the role of credit cooperation is underestimated in Ukraine. The article investigates factors, condition and prospects for the credit unions’ development as an important component of Ukrainian economy. Both optimistic and pessimistic scenarios of credit unions’ development in Ukraine have been provided based on forecasts involving methods of analytical equalization of dynamic series, correlation and regression analysis and extrapolation. Analysis of the main indicators of credit unions’ activity in Ukraine between 2004 and 2016 made it possible to detect that between 2008 (when indicators were the highest) and 2016 there was a downward trend in the number of credit unions (by 41%), membership (by 76%), total assets (by 66.5%), deposit and loan portfolios (by 79 and 68%, respectively) with a relative stability of capital ratio (by 39%). Creating a cooperative cluster which will be able to combine the material, monetary and labor resources of all major types of cooperatives in the country at the regional level has been outlined as one of the means to increase the credit unions competitiveness in Ukraine. Therefore, the purpose of the article is to assess the state and forecast trends in the development of credit unions in Ukraine in order to identify the prospects for their functioning in the future.
