Economics and management of enterprises

Postal service enterprise and financial institution integration as a source of synergy effect

Economic Annals-XXI

Economic Annals-ХХI: Volume 153, Issue 7-8(2), Pages: 32-35

Citation information:
Kniazieva, O., & Lіtіtanskas, I. (2015). Postal service enterprise and financial institution integration as a source of synergy effect. Economic Annals-XXI, 7-8(2), 32-35. https://ea21journal.world/index.php/ea-v153-08/

View Full TextDownload PDF

Olena Kniazieva
D.Sc. (Economics),
Professor,
Odessa National Academy of Telecommunications named after O. S. Popov
1 Kuznechna Str., Odessa, 65029, Ukraine
knyazyeva.elena@mail.ru

Irina Lіtіtanskas
PhD Student (Economics),
Odessa National Academy of Telecommunications named after O. S. Popov
1 Kuznechna Str., Odessa, 65029, Ukraine
fedorkina_irina@mail.ru  

Postal service enterprise and financial institution integration as a source of synergy effect

Abstract. Postal service is an important part of economic and social infrastructure of the state. One of the promising directions of postal service enterprises’ development is financial services improvement, which now account for almost half of the revenues of such companies. Difficult conditions of functioning and development of enterprises of postal service in the financial market makes it necessary to search for new forms of further development, in particular through the integration with financial institutions. The actual issue for the research is the need to form approaches to a financial institution selecting for integration with a mail service enterprise. It is expedient to define and assess the integration possibility as well as obtaining of the synergy effect from such integration.

To select potential partners for the integration, the authors summarized the main aspects of the analysis of potential partners, which are technical, social, cultural, organizational, economic and legal ones. The analysis of aspects related to the choice of potential partners has shown that integration between a state-owned enterprise of postal communication and a state-owned bank is seen as optimal. The integration of these companies will provide liquid facility in a form of extensive branch network and strong financial capacity. The result of this association will provide a positive effect, which may be of a synergistic nature.

We have carried out an evaluation and compared the key factors of success to determine the possibility of effective partnership between the operating companies. Our calculations have shown a high degree of conformity of the key factors relevant to the success of both companies, which is the basis for achieving a high level of synergy when combining them.

Further research is planned to form a scientific and methodical approach to the calculation of synergies from the integration taking into account the characteristics of large state-owned enterprises and their specific activities in modern conditions, namely, the need to provide social and other services within existed state regulation.

Keywords: Postal Service Enterprise; Synergy Effect; Integrated Structure; Key Success Factors

JEL Сlassіfіcatіon: C520; G340; L96

References

  1. The UPU. – Congress Doc 38. Proceedings of the 24th World Postal Congress «Nairobi Postal Strategy for 2009-2012».
  2. Ansoff, I. (1989). Strategic Management. Moscow: Economics (in Russ.).
  3. Mahajan, V., & Wind, Y. (1988). Business Synergy Does Not Always Pay Off. Long Range Planning, 21(3), 59-65.
  4. Reshetylo, V. (2003). The synergy of forming the market transformational potential in transitional systems. Kharkiv: HSPU (in Ukr.).
  5. Kuznetsov, B. (2006). Theory of synergistic market. Naberezhnye Chelny: Publishing House of Kam. state (in Russ.).
  6. Zakharchenko, L., Zakharchenko, K., & Potapova-Sinko, N. (2012). The effectiveness of financial services development of postal operators. Odesa: ONAТ named after O. S. Popov (in Ukr.).
  7. Yatskevich, I. (2015). Organizational and economic mechanism of formation and development of Ukrainian mail service and informatization alliances. Odesa: FOP Bondarenko N. A. (in Ukr.).
  8. Kniazieva, E., & Sergeeva, Е. (2012). The selection of the approach to the development of mail service enterprises in the financial service market. Zbirnyk naukovykh prats (Collection scientific papers. Economic sciences), 8, 56-64 (in Ukr.).
  9. Kniazieva, E. (2015). Motives and goals of integration processes at different levels of economic. Naukovyi visnyk Khersonskoho derzhavnoho universytetu (Herald of Kherson State University. Economic sciences), 10(2), 48-52 (in Ukr.).
  10. Lititanskas, I. (2014). World experience and models of integration of postal enterprises with financial institutions. Naukovyi visnyk Khersonskoho derzhavnoho universytetu (Herald of Kherson State University), 7, 90-95 (in Ukr.).
  11. The official website of the Universal Postal Union (2015). [Electronic resource].
    Retrieved from http://www.upu.int
  12. The official website of USEP «Ukrposhta».
    Retrieved from http://www.ukrposhta.com.ua (in Ukr.)
  13. Ferrary, R. (2008). Post on the eve of World Congress. Pochtovaia sviaz.Tekhnika i tekhnologii. (Postal service. Techniques and Тechnology), 7, 4-6 (in Russ.).
  14. Very, P. (1991). Strategies de Diversification. Nouvelles Perspective. Paris: Ed. Liaisons (in French).
  15. Draft Law of Ukraine «On Amendments to Certain Legislative Acts of Ukraine regarding further development of the postal services sector».
    Retrieved form http://www.ukrposhta.com.ua

Received 15.08.2015

View Full TextDownload PDF
In, , , , ,

More Papers