Organizational mechanism for imlementation of the travel agency financial potential development strategy
Journal Title: Проблеми теорії та методології бухгалтерського обліку, контролю і аналізу: міжнародний збірник наукових праць - Year 2017, Vol 36, Issue 1
Abstract
The article discusses the implementation of the financial development strategy as a set of means required for its accomplishment, including consecutive execution of this strategy, creation of the communication channels, distribution of duties between the parties to the strategic plan, and formation of the system of strategic control. The research analyzes the scientific and methodological approaches used to implement the strategy and form the organizational mechanism of this process within the development of the company's financial potential, based on the use of systemic approach and the concept of strategic change. The paper reveals that travel companies are not able to apply the unified approach to accomplish this strategy, because the process of its implementation is creative and informal. Moreover, it is greatly influenced by the activity of each business. The organizational mechanism of this strategic development embraces a complex of levels, stages, instruments and methods of organizational change. Their systemic application contributes to the development of the company's financial strength. The structure of this organizational mechanism is described as the result of the analysis of traditional and situational methodological approaches to the strategy's formalization and implementation. It centers around the concept of strategic change and seamless cooperation of the target, subject-to-object (injunctive) and process-related (regulatory) subsystems of the developed mechanism. The mechanism allows to pinpoint and implement the strategies aimed at the development of the company's financial resources and its other structural units. In order to simplify the process of coordination of the subjects implementing the strategy in real-time business activities, the operogram for strategic analysis of the financial development is created. It can be used to optimize the duration of this analysis and allocate the company’s resources in the most efficient way.
Authors and Affiliations
І. V. Saukh
Keywords
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