Article 2421
Title of the article |
MODELING OF FINANCIAL AND ECONOMIC MECHANISMS OF THE MANAGEMENT SYSTEM FOR THE STRATEGIC DEVELOPMENT OF AN INDUSTRIAL ENTERPRISE |
Authors |
Svetlana S. Soldatova, Candidate of economical sciences, associate professor of the sub-department of management and economic security, Penza State University (40 Krasnaya street, Penza, Russia), E-mail: sssoldatova@mail.ru |
Index UDK |
338.2 |
DOI |
10.21685/2227-8486-2021-4-2 |
Abstract |
Background. The relevance of this study is provided by the need to improve financial and economic instruments in the management of industrial enterprises strategic development, which are operating in the current business environment. It is characterized by high degree of uncertainty of the external environment, increased competition and a shortage of financial resources of the majority of businesses. The study of the theoretical scientific foundations on the issue of strategic planning and management showed that the problem of forming an adequate financial and economic mechanism in the management system of the strategic development of an industrial enterprise is currently underestimated. Materials and methods. In the course of determining the goals and solving the problems of the conducted scientific research, a model for the formation of priority development strategy of the enterprise was developed as well as the algorithm implementation of the chosen strategy of enterprise development on the platform "the use of financial and economic mechanisms, instruments and levers" that allows to identify the most promising sources of funding for strategic development programmes. Results and conclusions. The presented concept of modeling financial and economic mechanisms recommended for use in the strategic development management system of an industrial enterprise will allow an economic entity to significantly improve the set of methods, facilities and tools of strategic management and, as a result, increase the competitiveness of production and economic results. The proposals and recommendations developed in the study will allow the industrial enterprise to qualitatively modernize the existing management system for the strategic development. |
Key words |
financial and economic mechanisms, development strategy, strategic management, industrial enterprise |
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For citation |
Soldatova S.S. Modeling of financial and economic mechanisms of the management system for the strategic development of an industrial enterprise. Modeli, sistemy, seti v ekonomike, tekhnike, prirode i obshchestve = Models, systems, networks in economics, technology, nature and society . 2021;(4):16–25. (In Russ.). doi:10.21685/2227-8486-2021-4-2 |
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