New Trends in Development of Services in the Modern Economy

Abstract

The services sector strategic development unites a multitude of economic and managerial aspects and is one of the most important problems of economic management. Many researches devoted to this industry study are available. Most of them are performed in the traditional aspect of the voluminous calendar approach to strategic management, characteristic of the national scientific school. Such an approach seems archaic, forming false strategic benchmarks. The services sector is of special scientific interest in this context due to the fact that the social production structure to the services development model attraction in many countries suggests transition to postindustrial economy type where the services sector is a system-supporting sector of the economy. Actively influencing the economy, the services sector in the developed countries dominates in the GDP formation, primary capital accumulation, labor, households final consumption and, finally, citizens comfort of living. However, a clear understanding of the services sector as a hyper-sector permeating all spheres of human activity has not yet been fully developed, although interest in this issue continues to grow among many authors. Target of strategic management of the industry development setting requires substantive content and the services sector target value assessment. In the works of the listed authors the services sector is viewed either from the macroeconomics standpoint as a separate sector capable of independently forming general economic effect, or from the sectoral approach of certain types of services that form segments of the industrial market position, which does not reflect completeness of the industry contribution to the socio-economic outcome of the region and country as a whole. Entrepreneurship role in the services sector development has been poorly studied, economic boundaries for the services sector expansion are not clear, the services sector contribution to a modern person quality and comfort of the life formation has not been fully explored hitherto. The Monograph basic concept is the message that a certain level of the services sector development is attributable to the prevailing conditions of economic equilibrium in the population purchasing power area and prices and business risks level. The goal of research is strategic criteria terms of the services sector modern development description. The writing team expresses sincere gratitude to all participants in the Monograph discussion for valuable guidelines and constructive criticism.