Modern tendencies of the marketing budget forming at Ukrainian enterprises

Economic Annals-XXI: Volume 131, Issue 7-8(1), Pages: 87-89

Citation information:
Solomyanyuk, N. (2013). Modern tendencies of the marketing budget forming at Ukrainian enterprises. Economic Annals-XXI, 7-8(1), 87-89. https://ea21journal.world/index.php/ea-v131-23/

Nataliya Solomyanyuk
PhD (Economics),
Associate Professor,
National University of Food Technologies, Kyiv, Ukraine
solomianiuk@ukr.net

Modern tendencies of the marketing budget forming at Ukrainian enterprises

Abstract. In the article the functions of marketing at Ukrainian enterprises are considered. Such functions form the discretionary items of expenses combined in the budget of marketing. Introduction. Complexity and controversy of marketing budgets planning at Ukrainian enterprises in modern economic conditions require study of possibilities for discretionary marketing expenses redistribution. Purpose. To form a methodological approach to classification of main marketing functions of domestic enterprises in order to marketing complex and discretionary expenses of marketing budget. Results. The author proposes the model of marketing budget forming which aims to realize all strategic marketing functions at the enterprise. She states the importance to correlate budgeting with the conditions of external environment. She characterizes these conditions in Ukraine mentioning total Ukrainian advertisement market growth to 9%. In 2012, for advertisement production and placement $1,75 billions were spent. This is mainly because of global brands presence at Ukrainian market and globalization tendencies strengthening. The tendencies of enterprises’ marketing budgets structures and changes in them were also analyzed by the author. Conclusions. The modern tendencies of marketing budgets forming in Ukraine were strongly affected by such economic and political processes taking place in Ukraine, as: financial crisis combined with state economic policy, swift changes at advertising market (decrease of demand for some kinds of advertisement, cut of advertisement budgets); marketing specialists layoff. The size of Ukrainian enterprises’ marketing budget depends on the product which will be promoted. Moreover, there is always a volume of market capacity which is a border for effective marketing expenses at the certain market. Therefore it is important, concludes the author, to use new marketing technologies and to redistribute marketing expenses for prospective directions on time.

Keywords: Marketing Budget; Marketing Functions; Marketing Expenses

JEL Classification: М30; М31; М41

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Received 20.06.2013