STRATEGIC FINANCIAL PLANNING OF COMPANIES ACTIVITIES IN THE CONDITIONS OF ECONOMY BASED ON KNOWLEDGE
Journal Title: Сталий розвиток економіки - Year 2017, Vol 36, Issue 3
Abstract
Purpose is to development of scientifically substantiated methodical provisions and practical recommendations due to the effective domestic companies strategic financial planning organization activities in a knowledge-based economy. Methodology of research. The methodical apparatus of the research were: the method of dialectical knowledge (in the study of the financial planning features as an instrument of corporate financial management); methods of theoretical generalization and system analysis (for systematization of approaches to financial planning); methods of economic-statistical analysis (in the analysis of company strategic financial planning effectiveness). Findings. The scientific approaches to the essence of financial planning are systematized and a self-generalized definition of the pointed definition is proposed. The modern tools are grounded as the basis for the development of a strategic financial plan. The author's vision of the strategic financial plan structure is formulated on the basis of the integration of concepts of a balanced scorecard and economic value added in order to ensure sustainable development of the company in the conditions of global instability. Originality. The scientific and methodological provisions of the financial planning analytical base formation on the basis of a balanced scorecard have been improved, which, unlike existing ones, make it possible to integrate the strategic financial plan and the process of its development into a general strategic process in the company and transform it into an effective tool of value-dased management. Practical value. The results of the research on the use of scientific and methodological provisions as well as practical recommendations for the implementation of the integrated financial planning system will make it possible to more effectively use the resources of the learning organizations, to save money, and to implement more efficient pricing and personnel motivation policies.
Authors and Affiliations
Halyna Ostrovska
Keywords
Related Articles
- EP ID EP328115
- DOI -
- Views 96
- Downloads 0
COMMODITY EXCHANGE MARKET PROBLEMS AND WAYS OF ITS DEVELOPMENT IN UKRAINE
Purpose – analyze the state of the stock market in Ukraine today, identify its problems and directions of development in order to create a holistic, highly effective structure which is able to integrate into the global e...
THE VIABILITY OF THE COMPANY IN CRISIS
The purpose of the article is relevant methods of anti-crisis management, develop a common framework of principles and measures of financial security, the selection of the most successful innovative approach to strategic...
PROBLEMS OF ATTRACTING FINANCIAL RESOURCES IN THE SMALL AND MEDIUM BUSINESS IN UKRAINE
Purpose. Investigation of the problems of attracting financial resources to small and medium-sized businesses in the context of macroeconomic instability and outlining the main directions of their solution. Methodology o...
POLISH VECTOR OF UKRAINIAN MIGRATION: RISKS AND THREATS
Purpose. The aim of the article is the reflection of the severity of the risks and threats faced by Ukraine in the context of the negative trends of demographic development, aggravated by the factor of labour emigration,...
IMPROVING THE MODEL FOR USE OF LAND FOR AGRICULTURAL APPOINTMENTS IN UKRAINE
Purpose. The aim of the article is the analysis of social and economic efficiency of an improved model of agricultural land use. Methodology of research. Scientific methods of knowledge based on a systematic approach to...