Volume 03 Issue 09-2023
31
International Journal Of Management And Economics Fundamental
(ISSN
–
2771-2257)
VOLUME
03
ISSUE
09
P
AGES
:
31-37
SJIF
I
MPACT
FACTOR
(2021:
5.
705
)
(2022:
5.
705
)
(2023:
7.
448
)
OCLC
–
1121105677
Publisher:
Oscar Publishing Services
Servi
ABSTRACT
This article provides information on the increase in the integration and numbering of the economies of the countries
of the world, as well as a significant increase in the use of the economic potential of the sectors of the economy and
its effective management. Management of economic potential is required to be carried out effectively not only at the
level of the country, but also at the level of enterprises. Achieving the potential that ensures the optimal development
and functioning of enterprises of the modern construction industry in a regularly changing external environment is
becoming one of the main problems in this direction. Increasing the level of use of economic potential allows
construction enterprises to improve not only technologies, but also methods of organizing the construction process
in order to gain additional competitive advantage and occupy leading positions in the market.
KEYWORDS
Digital economy, informed society, construction industry, economic development, digitization, software.
INTRODUCTION
Enterprises of the construction industry are considered
to be a very important component of economic
potential by the fact that the Labor potential has its
own characteristics. The concept of” Labor potential "
as a term is interconnected with such concepts as the
labor force, the issue of personnel, employees of the
organization, their age and level of Education.
Economist scientist U.Petty introduces the term"
acting living forces “into science, which he describes
as” the various properties and abilities that a person
Research Article
SPECIFICS OF LABOR POTENTIAL OF ENTERPRISES OF THE
CONSTRUCTION INDUSTRY
Submission Date:
September 19, 2023,
Accepted Date:
September 24, 2023,
Published Date:
September 29, 2023
Crossref doi:
https://doi.org/10.37547/ijmef/Volume03Issue09-05
Turakhanov Akmal Abdullakhakimovich
Independent Researcher, Fergana State University, Uzbekistan
Journal
Website:
https://theusajournals.
com/index.php/ijmef
Copyright:
Original
content from this work
may be used under the
terms of the creative
commons
attributes
4.0 licence.
Volume 03 Issue 09-2023
32
International Journal Of Management And Economics Fundamental
(ISSN
–
2771-2257)
VOLUME
03
ISSUE
09
P
AGES
:
31-37
SJIF
I
MPACT
FACTOR
(2021:
5.
705
)
(2022:
5.
705
)
(2023:
7.
448
)
OCLC
–
1121105677
Publisher:
Oscar Publishing Services
Servi
uses in the production process are concentrated in
living forces". At the same time he defines these forces
as the "result of initial and final labor" as the
composition of national wealth. In turn mature
economist scholar Adam Smith Distinguished in his
works the simple and complex labor of workers and,
accordingly, the underdeveloped and highly developed
abilities. He also describes the qualitative difference in
working capacity as being created by knowledge,
practice and skills acquired rather than by nature, and
formed due to existing "different professions".
The innovative potential of the enterprise is also one of
the factors that directly affect its future development
and economic growth. The “innovative potential” of
an enterprise is the sum of all existing intellectual,
financial, personnel, information, material and
technical and other resources and capabilities of any
economic entity, regardless of the branch, sphere of
activity, ownership, organizational and legal status,
dimensions of the enterprise or organization in
general, on the development of new developments,
the creation of discoveries or inventions, useful
models, their effective application.
In the research of the investment potential of
enterprises, the Economist scientist L.A.Tolstolesov
interpreted as a set of investment resources and
included in its composition the capabilities of the
territory, which is a prerequisite for attracting
investments. L.A. Tolstolesov separately studied the
sources of potential in the research of financial and
investment potential, and in the formation of
investment potential, he introduced a set of material,
financial, intellectual and other resources, which are
traditionally taken into account, as well as capital
owners and investment objects.
Summing up from the above, we have divided the
economic potential of the construction enterprise into
the following types of financial, production, labor,
innovative-investment, marketing, management and
probable potential (fig.1).
Hence, in the management of the economic potential
of enterprises of the construction industry, first of all,
the purpose and mission of the enterprise is
determined, and in the organization of effective
management of the types of potential in the structure
of economic potential, it is required to act in
accordance with internal and external factors.
Volume 03 Issue 09-2023
33
International Journal Of Management And Economics Fundamental
(ISSN
–
2771-2257)
VOLUME
03
ISSUE
09
P
AGES
:
31-37
SJIF
I
MPACT
FACTOR
(2021:
5.
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)
(2022:
5.
705
)
(2023:
7.
448
)
OCLC
–
1121105677
Publisher:
Oscar Publishing Services
Servi
Fig. 1 Construction industry enterprise economic capacity management structure.
The role of external factors in managing the economic
potential of enterprises of the construction industry is
important and is considered to be factors that are not
directly related to enterprises. In itself, these external
factors in practice cannot directly influence the
economic activity of the enterprise. In this regard, the
following can be attributed to external factors, the
level of inflation in the country, the monetary system
of the state, state tax policy, scientific and technical
progress, the geographical location of the country,
climatic conditions at the same time the level of
interest of people, etc.
In turn, internal factors mean internal opportunities,
obstacles and problems in organizing the activities of
the enterprise. These factors include the accounting
policy of the enterprise, the level of basic funds and
their use, the structure and structure of the financial
assets
of
the
enterprise,
personnel
policy,
management potential, etc.
The types of financial, production, marketing, labor,
innovation, management and probable potential as
components of the economic potential of a
construction industry enterprise are formed from our
side (Figure 2). The need to manage the economic
potential of a construction industry enterprise requires
the establishment of cause-and-effect relationships in
the effective use of existing types of potential. The
management of the economic potential of enterprises
of the construction industry means the organization of
all existing types of potential, including production,
F
ina
ncia
l po
tent
ia
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P
ro
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io
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o
tent
ia
l
L
a
bo
r
po
tent
ia
l
Inn
o
v
a
tio
n
-
inv
estment
po
tent
ia
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M
a
rket
ing
po
tent
ia
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P
ro
ba
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tent
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a
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g
ement
po
tent
ia
l
ENTERPRISE MISSION
Management of the economic potential of the
construction enterprise
External factors affecting the economic
potential of the enterprise
Internal factors affecting the economic
potential of the enterprise
Enterprise purpose
Volume 03 Issue 09-2023
34
International Journal Of Management And Economics Fundamental
(ISSN
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(2021:
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(2022:
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)
(2023:
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OCLC
–
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Publisher:
Oscar Publishing Services
Servi
Financial, labor, marketing, management and
innovative types of potential, on the basis of
management principles, functions and forms.
Assessment of the components of the economic
potential of the construction industry enterprise on
the basis of the index of interest proposed by US
allows you to determine the optimal amount of
product production. At the same time, we will be able
to identify and parognize the points of harmlessness of
enterprises.
Fig. 2 Structure of the economic potential of the construction industry enterprise.
Thus, taking into account the classical view that all of
the above definitions define the concept of "economic
potential", we propose to give the following definition
to the concept of economic potential of a construction
industry enterprise. In our opinion, the economic
potential of an enterprise is the sum of the total
capabilities of all existing types of potential, including
production, Financial, labor, marketing, management
and innovative. This is the ability of the construction
industry enterprise to identify and meet the market
needs for finished construction products (services) in
the process of interaction, depending on the external
environment, to ensure the long-term sustainable
-Fund
return
coefficient
-Suitability
coefficient of the
main tools
-Stock
capacity
coefficient
-Potential
production
potential
-Market
share
coefficient
-Realism
of
goods
-Marketer
employee share
-Marketing cost
coefficient
-Probable
marketing
potential
-Utility coefficient
-Potential
management
potential
-Interest in activities
-Real
income
of
workers
and
employees
-Employee
and
employee
redundancy factor
-Korxonaning ilmiy-
tadqiqot salohiyati
-Korxonaning
texnikaviy salohiyati
-Innovatsiyalar
natijaviyligi salohiyati
-Innovatsiyalarning
turmush
darajasiga
ta’siri
-Ehtimoliy
innovatsion salohiyat
-Labor productivity of
workers and employees
-Education
level
of
workers and employees
-The
number
of
rationalization
and
innovative proposals per
employee
-Age
indicators
of
workers and employees
-Performance indicators
of
employee
and
employee seniority
-Failure rate
-Potential labor potential
-Probable financial
potential
-Potential
production potential
-Probable
marketing potential
-Potential
labor
potential
-Probable
innovative potential
-Potential
management
potential
- Solvency level
-
Level
of
financial
stability
- Current liquidity level
-
Private
equity
profitability
- Borrowed funds
profitability
- Sales profitability
- Economic profitability
- Capital turnover rate
- Creditor debts
Production
potential
Marketing
potential
Innovativ
e potential
Labor
potential
Management
potential
Probable
potential
Financial
potential
Structure of the economic potential of the
construction industry enterprise
Volume 03 Issue 09-2023
35
International Journal Of Management And Economics Fundamental
(ISSN
–
2771-2257)
VOLUME
03
ISSUE
09
P
AGES
:
31-37
SJIF
I
MPACT
FACTOR
(2021:
5.
705
)
(2022:
5.
705
)
(2023:
7.
448
)
OCLC
–
1121105677
Publisher:
Oscar Publishing Services
Servi
development of the enterprise based on the effective
use of available resources.
Summing up from the above, it can be said that the
content of the concept of “economic potential”, which
according to the methodological approach is
interpreted only as a sum of available opportunities
and abilities, should be considered as a system of
criteria for assessing retrospective and perspective
analytical indicators of the object of analysis, a set of
general abilities of all existing types of potential.
The need to manage the economic potential of an
enterprise requires the establishment of cause-and-
effect relationships in the effective use of existing
types of potential. At all stages of production and
service of enterprises, it is necessary to establish an
effective management system in order to increase
their economic potential, in particular its quality
indicators and ensure financial stability. Management
of the economic potential of enterprises means the
organization of all existing types of potential, including
types of production, Financial, labor, marketing,
management, probable and innovative potential, on
the basis of management principles, functions and
forms.
Enterprise Management in turn begins with the
analysis of information on the external and internal
environment of the enterprise, suppliers and buyers,
labor resources, financial, production and technical
resources of the enterprise. And in order to carry out
qualitative analysis, it is necessary to have relevant
statistics.
Thus, the basis of enterprise management is the
assessment and monitoring of the economic potential
of this enterprise, which is carried out according to the
following algorithm:
- determination of the composition of economic
potential;
- analysis of the competitive advantages and
weaknesses of the enterprise;
- formation of methodology for determining economic
potential, assessment of the elements that make up
this potential;
- determination of the synergistic effect of elements;
- holistic assessment of economic potential as the basis
of enterprise competitiveness;
- develop a general strategy for strengthening and
developing economic potential.
At the same time, the stable growth of economic
potential serves to develop economic activity and is
ensured by rational management according to the
results of Economic Analysis.
The economic potential of the enterprise has a
dynamic form, which over time changes depending on
the conditions, therefore, the management of the
economic potential of the enterprise is considered to
be somewhat difficult to implement on the basis of a
clearly defined period. The mechanism for the
development of the economic potential of the
enterprise should clearly correspond to the
Volume 03 Issue 09-2023
36
International Journal Of Management And Economics Fundamental
(ISSN
–
2771-2257)
VOLUME
03
ISSUE
09
P
AGES
:
31-37
SJIF
I
MPACT
FACTOR
(2021:
5.
705
)
(2022:
5.
705
)
(2023:
7.
448
)
OCLC
–
1121105677
Publisher:
Oscar Publishing Services
Servi
management systems of the enterprise and be
determined by a specially formed management system
with specific operating principles, a certain structure
and a set of structural elements.
It should be noted separately that, despite the
presence of various interpretations on the terms under
study, extensive research is carried out on each of the
types of potential that make up the category of
“economic potential” of enterprises of the
construction industry, while the development and
improvement of methodological approaches to their
assessment is becoming important today. The
activities of enterprises of the construction industry in
Uzbekistan, including their work on a global scale and
at the same time the development of enterprises of
other sectors of the national economy, lag behind
some. In the processes of integration into electronic
and management platforms at enterprises of the
country's construction industry, there is a need for
research in the field of wide application of innovative
technologies and organization of management. Of
course, this situation is manifested in the quality of the
products produced by enterprises of the construction
industry and its value. As a conclusion, it can be said
that by effectively managing the economic potential of
enterprises of the country's construction industry, not
only the development of these enterprises leads to the
formation of a healthy competitive environment
between enterprises of the construction industry, but
also the construction of high-quality and affordable
housing, and at the same time.
CONCLUSION
Based on the study of the theoretical development,
content, composition and role of economic potential in
improving the efficiency of the enterprise, the
following conclusions can be drawn:
- as the most important criterion for the effective
organization and management of the economic
activities of enterprises of the construction industry, an
author's definition of concepts related to "economic
potential"has been developed. In our opinion,
managing the economic potential of an enterprise
means organizing the economic activities of an
enterprise based on management functions and
principles
in
scientific,
technical,
industrial,
technological, administrative and other fields. The
economic potential of a construction industry
enterprise, on the other hand, is an important factor
determining the effectiveness and development of the
enterprise, a system of criteria for assessing analytical
indicators on the existing and future development of
the analyzed object. This is manifested as the ability of
the construction industry enterprise to meet the needs
of consumers on the basis of the production of finished
construction products under the influence of the
external environment, to ensure the long-term
sustainable development of the enterprise on the basis
of the effective use of available resources;
Volume 03 Issue 09-2023
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International Journal Of Management And Economics Fundamental
(ISSN
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VOLUME
03
ISSUE
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P
AGES
:
31-37
SJIF
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(2021:
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(2022:
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)
(2023:
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)
OCLC
–
1121105677
Publisher:
Oscar Publishing Services
Servi
- it is advisable to analyze, assess the economic
potential of enterprises of the construction industry
and, above all, to implement an approach in terms of
economic interest in its management. Because it is on
the basis of the assessment standards proposed by the
author that it makes it possible to predict the activities
of construction enterprises in high accuracy and
determine their existing shortcomings. This makes it
possible to better study the state of economic
development of enterprises by applying indexes of
economic interest.
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