institutional factors

Institutional Factors of Competitiveness of the Organization: Concept, Classification, Laws of Relationships

Introduction. Improving the competitiveness of organizations in the context of external challenges and economic crisis is one of the pillars of modern economic strategy of the state. The practice of developed countries shows that the determining condition for improving the competitiveness of organizations is an effective interaction between the various institutions. Hence the problem of the relationship between various institutional factors and their impact on the competitiveness of the organizations are very important. Theoretical analysis. The article discusses various approaches to identifying priority institutional factors affecting the competitiveness of organizations. Results. The author’s interpretation of the concept of «institutional factors», the author’s classification of institutional factors, including providing and blocking factors, the regularities of the relationships between them and shows their influence on the competitiveness of organizations.