ASSESSMENT OF THE RELATIONSHIP BETWEEN FARM SIZE AND FLEXIBILITY: THE CASE OF UKRAINE

Abstract

High flexibility is a necessary requirement for a business system to survive in uncertain environment, which is characterized by chaotic dynamics and increasing pace of innovative development, weather and market risks. The purpose of the paper is assessment and benchmarking of flexibility level of various agricultural enterprises that differ in size. A number of methods have been used in the study, including standardization and integrated evalution (to define partial and integrated flexibility coefficients), methods of mathematical statistics (for benchmarking of of flexibility level of various agricultural enterprises that differ in size), correlation-regression analysis (to assess the interrelation between the flexibility level and the size of agricultural business systems). It has been found that the larger the enterprise, the higher level of strategic flexibility it has. Structural flexibility, as well as the value of the integrated flexibility coefficient, does not depend on the size of an enterprise.