Some aspects of financial resource management and formation of the financial strategy of the enterprise
Journal Title: Економіка. Фінанси. Право - Year 2019, Vol 6, Issue
Abstract
Introduction. The transformational process in a market economy is accompanied by transformations of the entire financial system and the financial system. In this context, there is a growing importance of ensuring the effective management of the financial results of the enterprise. Insufficient theoretical and methodological basis in the assessment of financial resources and financial strategy of the enterprise greatly reduces the possibility of effective formation and use of managerial tools and mechanisms, the search for various opportunities to solve emerging tasks, which led to the relevance of the chosen topic of research. The purpose of the study is to analyze and develop proposals for improving financial resources management and financial strategy formation that will ensure sustainable development of the enterprise in the modern conditions. Results. The article discusses issues of financial management and the formation of the financial strategy of the enterprise. The tasks, features, sequence of implementation of the financial strategy of the enterprise. Proposed measures to improve the efficiency of the management of financial resources through a systematic management approach and measures to improve the efficiency of the formation and implementation of the financial strategy of the enterprise. Analyzed the factors that affect the volume of financial resources of the enterprise, the relationship and interaction between them, the nature of the formation over time. Conclusion. In modern conditions of financial resources management and implementation of the developed financial strategy, the enterprise controls the main target functions (profit, profitability, cost of capital, cash flows) and must have a complex character based on an effective management system with the allocation of the main elements and their variables, in conditions of combination of indicators of activity of separate units with indicators of activity of the whole enterprise. Ukrainian enterprises need tools that will provide integrated management of financial flows, and will allow to plan and coordinate between themselves the financial resources of the enterprise, taking into account the influence of external factors.
Authors and Affiliations
Volodymyr Pavlovych Sviderskyi, Alina Oleksandrivna Semenets, Tetiana Ihorivna Vynohradska
Keywords
Related Articles
- EP ID EP671360
- DOI -
- Views 58
- Downloads 0
Systematization of criteria for rewarding academic and research staff for scientific achievements
Introduction. Motivation of employees is one of the key tools to ensure the effectiveness of the organization and achieve its strategic goals. Thus, the effectiveness of scientific and scientific-technical activities in...
Structuring of cost management concepts
This article reveals the content of the concepts of cost management, types of structures and the ability to apply them in practical activities to build effective system of cost management in the activity of industrial en...
Internal audit organization in banks
The article is devoted to defining the role of internal Bank audit, its effective application and prospects for further development. In the article the necessity of application of internal Bank audit to improve the effic...
Essence of the concept of "startup" as an economic category, typology
Introduction. At the present stage startup-business is developing rapidly. Ukraine ranks 35th position among 150 countries in terms of start-ups’ development according to the STARTUP RANKING. At the theoretical and pract...
Activation of channels of transmission mechanism for money-credit policy
Introduction. In the scientific article the directions of activation of channels of the monetary transmission mechanism are investigated. The purpose of the work is to investigate the ways of activating channels of mone...