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FROM PRODUCTION RESOURCES IN ENTREPRENEURSHIP
EFFECTIVE USE DIRECTIONS
Z.M.Rakhimova
UNIVERSITY OF BUSINESS AND SCIENCE
Teacher of the department of Finance
Abstract:
This article briefly discusses the directions of entrepreneurial activity and the effective
use of resources in its production process , the problems faced by small businesses today, and
their theoretical solutions.
Keywords:
entrepreneur, small business, private entrepreneurship, agriculture, taxes, taxation,
tax policy .
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In a market economy, the effective use of resources in the production process is a decisive factor
in increasing the competitiveness of business entities, reducing product costs and increasing
profits. The success of entrepreneurial activity largely depends on the level of rational use of
these resources, which is achieved through a scientific approach, economy, innovative
technologies and proper management[1].
Resolution of the President of the Republic of Uzbekistan No. PQ-3974 dated September 5, 2018
“
On the effective use of industrial areas, the acquisition of unused state property by the private
sector, as well as the promotion of the establishment of production facilities on the basis of
public-private partnerships” , Decree of the President of the Republic of Uzbekistan No. PQ-
4204 dated February 22, 2019 “ On the implementation of measures to combat desertification
and drought, including the implementation of measures to restore forests, establish and increase
forests against erosion and desertification” The goal of creating broad conditions and
opportunities for the effective use of production resources in entrepreneurship is considered to be
a pressing issue today.
A wealth of literature on the subject
.
"Productive resources are limited, and human desires are unlimited. Effective economic
management consists in their optimal allocation."
Samuelson believes that resources (land, labor, capital, entrepreneurship) are in constant shortage,
so entrepreneurs should seek ways to maximize the use of these resources. According to his
theory, each resource should be approached from the perspective of value and efficiency. This
idea shows that the rational use of resources in entrepreneurial activity is an economic necessity
[5].
Porter believed that companies that use their productive resources efficiently can respond more
quickly to market demand, reduce costs, and increase profits. His concept of the “value chain”
identifies how resources create added value at each stage. This theory is an important direction
for entrepreneurs in strategic planning.
According to Gulyamov, the availability of productive resources in the country may be sufficient,
but if they are mismanaged or regional potential is not taken into account, the resources will not
be used effectively. He suggests ways to use resources effectively in Uzbekistan through regional
branching, clusters, and public-private partnerships.
His views emphasize financial resources as an important type of production resources. Especially
for small businesses, if financial resources such as loans, investments and grants are not
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distributed rationally, the efficiency of the production process will be low. This problem can be
solved by strengthening financial management.
Economists believe that the efficient use of production resources is a key factor in ensuring not
only economic efficiency, but also social stability and competitiveness. For entrepreneurs,
managing these resources not only saves money, but also opens the way to adapt to market
demand and innovative development.
Analysis and results .
In small businesses and entrepreneurship, finding the resources needed for production is one
aspect of the issue, while the other is the effective use of existing resources. Production resources
are all the tangible and intangible assets used to create a product or service. They are divided into
the following categories: Natural resources - land, water, minerals and other raw materials;
Labor resources - human potential, skills, knowledge and experience; Capital (financial and real)
- equipment, buildings, technologies, investments; Entrepreneurial capacity - initiative, risk
management, management skills; Information and technology - knowledge, innovation, digital
technologies[3].
Also, as with problems in all sectors, the main problems that prevent
businesses
from using their
resources effectively are:
use of outdated equipment;
shortage of skilled labor;
poor organization of resource accounting and control;
waste of energy and raw materials;
slow implementation of innovations.
Production directions for the effective use of production resources
N
o. Resource type
Effective usage methods
Expected positive results
1
Natural resources Water-saving
technologies,
renewable energy
Raw
material
shortages
are
reduced,
environmental
sustainability is ensured
2
Labor resources
Advanced training courses,
creating
modern
working
conditions
Productivity
and
motivation
increase
3
Financial
resources
Cost
analysis,
targeted
investment
Profitability increases, financial
waste decreases
4
Main means of
production
Modern equipment, automation Production efficiency increases,
waste decreases
5
Information and
digital
technologies
ERP, CRM, MRP systems,
cloud computing technologies
Resource movement is under
control, management is simplified
6
Entrepreneurial
ability
Competitive strategies, risk
management, innovation
Market demands are quickly
mastered, stability is enhanced
Source: Prepared by the author.
Based on the above table, we should make the following comments. It is possible to make
different opinions in each case. That is:
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Natural resources
:
Entrepreneurs need to use resources such as land, water, and energy
efficiently. For example, drip irrigation technology reduces water consumption by 40-50%. The
use of renewable energy - solar panels - reduces costs in the long run.
Labor resources
:
A skilled workforce is a key factor in determining the quality of production.
Entrepreneurs must continuously train their employees, motivate them, and provide a working
environment.
Financial Resources
:
Small businesses often face financial constraints, making budget planning,
cost analysis, and revenue reinvestment a key part of this.
Basic means of production
:
Updating equipment and technologies allows you to automate the
production process, improve product quality, and ensure competitiveness. Outdated equipment
causes waste of resources.
Information Technology
:
Digitalization makes it easier to track, analyze, and manage resource
movements in real time. For example, through an ERP system, all enterprise resources are
coordinated in a single system.
Entrepreneurial skills
:
Running a successful business requires not only resources, but also the
ability to manage them. Analyzing the market, anticipating risks, and adapting quickly to
changes are the keys to success.
At the same time, we will look at the directions that ensure effective use [7].
Following measures are important:
switching to energy-efficient equipment;
digital automation and optimization systems.
staff training;
development of a system of employee motivation.
analysis and planning of resource turnover;
effective organization of logistics and reserve management.
resource management through systems such as erp, crm, mrp;
using online monitoring and analytics platforms.
use of renewable resources;
measures to reduce negative environmental impacts.
As we know, in entrepreneurship, the efficient use of resources in the production process is
always the key to the development of the enterprise.
Conclusion and suggestions
.
business is an important factor determining the sustainability and economic profitability.
Through the rational distribution of natural, labor, financial and technological resources, it is
possible to increase production efficiency, reduce product costs and increase profits. Today,
entrepreneurs should pay special attention to the use of innovative technologies in the use of
resources, digitalization, the introduction of energy-saving methods and investment in human
capital.
It is also possible to fully utilize existing opportunities by optimizing resource use, updating
outdated production facilities, and strengthening control over resources, taking into account the
regional characteristics of the Uzbek economy.
We can make the following suggestions for this.
– It is necessary for businesses to automatically control and optimize the movement of
production resources through systems such as ERP, CRM, and MRP.
– encourage the introduction of resource-saving technologies aimed at controlling the
consumption of water, electricity, gas, and raw materials.
– Strengthen cooperation between vocational colleges, higher education institutions and
production to maximize the use of labor resources.
– introducing resource efficiency-based assessment criteria when allocating loans, subsidies, and
grants to small and medium-sized businesses.
– review the depreciation policy in order to encourage technical and technological innovations.
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– develop regional development programs taking into account available resources at the level of
each region or district.
We believe that this will not only improve resource efficiency, but also reduce environmental
impact.
References:
1. President of the Republic of Uzbekistan
"
On the Development Strategy of New
Uzbekistan for 2022–2026
"
Decree. T.: "Uzbekistan", 2022.
2. Open dialogue of our President with entrepreneurs. August 21, 2024
3.
"Entrepreneurship Code of the Republic of Uzbekistan" August 15, 2024
4. "Yangi Uzbekistan" newspaper, September 19, 2014, No. 191, November 22, No. 237
5.
Muhammadjanovich KI EFFECTIVE DIRECTIONS OF DEVELOPMENT OF
ENTREPRENEURSHIP //Conference Zone. - 2022. - S. 129-133.
6. Kenjabayev AT Problems of forming a national system of informatization of entrepreneurial
activity.: Doctor of Economic Sciences. Dissertation. Author's ref. – T.: 2005-39 p.
7. Small business in Uzbekistan. Statistical collection. Tashkent, 2020. 190p.
8.
Data from the Namangan regional statistics department.
9.
https://stat.uz/uz/rasmiy-statistika/small-business-and-entrepreneurship-2
.
10.
