| Abstract [eng] |
Relevance of the theme. Ensuring economic viability means not only adaptation to modern business conditions but also fast, effective competitive development based on optimal resource management. Viable organizations not only adapt but also develop. In the conditions of global economy, ensuring viability of logistics companies depends on a variety of external and internal factors which determine the necessity to systematically evaluate the change in these factors. The systematic approach to the modern interpretation of economic viability not only allows the determination of critical factors affecting the viability of organizations, but nevertheless allows the development of an appropriate system of indicators to evaluate these factors. In order to achieve high economic viability of the company, it is particularly important to apply new tools and methods by which it would be taken into account not only the internal but also the external parameters of the activities. Globalization, new rules of competition and capital movements create the conditions, the need and the increasing demand for evaluation of economic viability. The necessity for economic viability evaluation is based on the ability of the organisation to innovate, adjust its actions and, prior to its competitors to develop a strategy which would allow to maintain high productivity in the long period. In addition, hundreds of logistics companies in Lithuania get bankrupt every year, which ones may not have been able to properly evaluate their working methods and indicators in time, they were not able or failed to make the necessary adjustments of the activities in time. The relevance of the final project research was determined by the need to deepen theoretical and methodological guidelines, as well as to provide recommendations related to ensuring the economic viability of logistics companies based on the evaluation system of the indicators. The subject of the research – the economic viability of logistics companies. The aim of the research. To carry out the evaluation of the economic viability of logistics companies. The tasks: 1. To describe the importance of logistics companies to the Lithuanian economy; 2. To reveal the problem of economic viability evaluation of logistics companies; 3. To define the concept of economic viability in the context of ongoing research; 4. To identify factors affecting the viability of logistics companies; 5. To determine indicators and methods for evaluation of the economic viability of logistics companies; 6. To perform financial analysis of logistics companies and determine the probability of bankruptcy; 7. To evaluate the impact of macroeconomic factors on the results of the activities of logistics companies. The results of the research. In the master’s thesis there was performed a theoretical analysis of the concept of economic viability, for this purpose defining the economic viability in the context of the research. Analysing the literature there were distinguished the main indicators and methods for evaluation of the business actor in the aspect of viability, as well as there were revealed factors determining economic viability. With the reference to theoretical analysis of the factors and indicators there is presented the evaluation model for evaluation of economic viability of logistics companies. There are chosen methods of financial and economic analysis, which will be applied in empirical part of the thesis. In the methodological part of the thesis there is presented substantiation of the research method and described the research process. In the empirical part of the thesis there are performed horizontal and vertical analysis of the statement of the profit (losses), financial comparative analysis of the indicators, evaluated the probability of bankruptcy and determined the influence of the macroeconomic indicators on the results of the activities of the company. As well as, in the empirical part of the thesis there are compared results of the companies of the same sector, in order to compare their economic viability. |
