Vol.10, No.2, May 2021.                                                                                                                                                                                    ISSN: 2217-8309

                                                                                                                                                                                                                         eISSN: 2217-8333

TEM Journal

TECHNOLOGY, EDUCATION, MANAGEMENT, INFORMATICS

Association for Information Communication Technology Education and Science

Theoretical and Practical Aspects of Strategic Management of Balanced Interaction between Subjects

of Foreign Economic Activity and State Institutions

Yevhenii Rudnichenko, Halyna Savina, Vasyl Franchuk, Ihor Nestoryshen, Stanislav Savin, Nataliia Havlovska

© 2021 Yevhenii Rudnichenko, published by UIKTEN. This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License. (CC BY-NC-ND 4.0)

Citation Information: TEM Journal. Volume 10, Issue 2, Pages 707-718, ISSN 2217-8309, DOI: 10.18421/TEM102-27, May 2021.

Received: 23 January 2021.

Revised:   30 April 2021.
Accepted:  06 May 2021.
Published: 27 May 2021.

Abstract:

The main purpose of this article is studying features of strategic management of the interaction of state institutions and enterprises from the position of finding compromise solutions, and the appropriate tools that allow ensuring a balance of interests of society and business in the implementation of foreign economic activity. The methodological basis of the study is game theory, since it is the most acceptable tool used if there is a conflict of interests of the parties. Moreover, the parties to such a conflict often make strategic decisions without knowing about the decisions of their opponents, which we observe in modern business. The game model of interaction between FEA participants and state institutions, developed in the main part of the study, is presented in the form of a non-coalition game. It has been established that the practical implementation of the found combined situation (solution of the game) fully relies on state institutions.

Keywords –strategic interaction, foreign economic activity, state institutions, enterprises, game theory, balance of interests, economic development.

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