Development and Effectiveness of Financial Potential Management of Enterprises in Modern Conditions

Ткаченко, В. Г.; Kwiliński, Aleksy; Kamińska, Bożena; Tkachenko, Iryna; Puzyrova, Polina

doi:10.18371/fcaptp.v3i30.179513

Cited by 24 publications

(10 citation statements)

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“…1) (Andrushkiv & Maliuta, 2016). In the study of the concept of "economic security of enterprises" (Tkachenko et al, 2019a;2019d), it follows that there is the study of the basic concept of "economic security" with the notion of "interests of the enterprise", as well as naturally related to it the criterion of company's interests observance (Sobolev & Soboleva, 2015). (Sobolev & Soboleva, 2015).…”

Section: Resultsmentioning

confidence: 99%

Organizational and economic mechanism of a business security as a guarantee of its sustainable development

Ткаченко

Tkachenko

Puzyrova

et al. 2019

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In the process of the writing of this article, it was established that the organizational and economic mechanism of a business security ensuring involves the use of various techniques, methods, and tools. Their combination is necessary to ensure a reliable security system and stable sustainable development of a business activity as a whole. It has been established that enterprises of different sizes, types, volumes of activity possess unequal organizational and financial capabilities. In addition, various is the level of risk under which business entities are engaged. However, the conclusion is definite that the implementation of the organizational and economic mechanism for the enterprise security ensuring is vital in financial and economic aspects and can be organized in different business areas in different ways. It is proved that the security mechanism action from the point of view of financial and economic aspect implies enterprise adaptation to innovations under the following conditions: the innovations are to be maximally ready for implementation; the motivation to implement them is the need to protect the enterprise interests; the probability of obtaining a positive result in the implementation of innovations should be high. It has been established that significant factors in the process of increasing the level of a business security are the financial and economic measures, which aim to cover losses and to eliminate the causes of their occurrence, to recover (preserve) the liquidity and solvency, to reduce the amount of debt, to improve the working capital structure, etc. It is proved that further research in the field of planning and implementation of tactical measures for ensuring the financial and economic security of business is needed. It is aimed at the assessment and analysis of the level of a business security and its dynamics, which will allow to determine the effectiveness of the implemented measures; an assessment of the efficiency of utilization of the enterprise financial potential, which is the main basis for the implementation of measures to ensure the organizational and economic mechanism of a business security. Since the implementation of organizational and economic tools into the security field often requires the allocation of significant financial resources and opportunities (financial potential), the substantiation of scientific recommendations for assessing cost-effectiveness become significant. It was found that the organizational and economic mechanism of a business security ensuring would effectively use corporate resources, create preconditions for achieving business targets, timely identify and optimize all possible hazards, threats, and risks of the enterprise activity in the conditions of acute competition and changing environment. It is recommended to propose the following measures to enhance business security: development and implementation of security system (structure) in business processes of the enterprise activity; improvement and optimization of the existing enterprise security service; business security outsourcing services; services of the enterprise personnel security; provision of services to provide economic and internal security of the enterprise; providing necessary data and information for the business functioning security insurances; checking (auditing) of existing security services of enterprises for their effective work and reliability; services for the enterprise security employees training (advanced training); personnel selection of professionally trained staff for the enterprise security service.

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Section: Resultsmentioning

confidence: 99%

Organizational and economic mechanism of a business security as a guarantee of its sustainable development

Ткаченко

Tkachenko

Puzyrova

et al. 2019

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“…Житар М., Ярова Л. зауважили, що «фінансовий потенціал підприємства -це забезпеченість підприємства ресурсами та резервами, які в необхідний момент дозволять отримати конкретні результати господарської діяльності підприємствами» [13]. Шапошніков К. конкретизує ресурсну складову потенціалу через «систему визначених видів ресурсів зі своїми взаємозв'язками та взаємодіями між собою, раціональне використання яких сприяє збільшенню можливостей економічного потенціалу та стабільному функціонуванню підприємств (галузей, національної економіки) в довгостроковому періоді» [20].…”

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Financial Potential of the Enterprise: Essence and Economic Analysis

Назаренко¹

2022

BSES

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The article presents the results of the analysis of the evolution of scientific views on the economic content of the category «financial potential». The economic content and significance of the financial potential of the enterprise, the economic relations that arise between economic entities to assess the financial potential of the enterprise are studied. It is determined that the financial potential of the enterprise is important for the theory and practice of economic category. Its ambiguity and complexity in terms of forms of manifestation and semantic interpretation have been established. It is established that the lack of financial capacity leads to a lack of production capacity and the company is able to compensate for their more efficient use through innovation by attracting financial resources, lack of own development of new products or technologies can be compensated by purchasing a license, lack of staff – financial resources strengthening production cooperation. Under conditions of optimal use of financial potential, the company increases its market value and attracts potential investors, creditors, shareholders to invest in the company. The financial potential of the enterprise and its level are closely related to the competitiveness of the enterprise. It is one of the main factors that determines the success of the enterprise in modern market conditions. The process of forming the financial potential of the enterprise is inherently a complex phenomenon, which depends on many factors that are controlled by the entity. In modern research, this economic category does not yet have an unambiguous generally accepted interpretation. The financial potential of the enterprise is closely related to other types of potential (economic, resource, investment, innovation, etc.) and is part of some of them. In the economic literature, it is mainly considered in terms of resource and performance concepts. Further research on the disclosure of the economic nature of financial potential may be aimed at disclosing its specific qualitative characteristics, determining the place and role in the reproduction process and delimiting the scope of competence with related economic categories.

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“…The stakeholder theory study (Grimble, 1996;Scott, 2000;Pimonenko, 2018c;Chygryn, 2018b;Boiko et al, 2019;Saluga et al, 2020;Savchenko et al, 2019;Tkachenko et al, 2019) allowed us to identify key areas for research the stakeholder interaction characteristics in the context of their impact on the enterprises' green competitiveness. Thus, the important points are:…”

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Stakeholders of Green Competitiveness: Innovative Approaches for Creating Communicative System

Chyhryn

Bilan

Valentynovych

et al. 2020

MMI

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The issue of stakeholder activity and collaboration for developing and promoting the green competitiveness of enterprises are nowadays relevant and play a significant role in creating competitive advantages. Systematization literary sources prove that economic activity is characterizing by specific relationships between a wide set of stakeholders, the effective communicative system can bring potential benefits to all parties and stakeholders have specific expectations regarding various aspects of the enterprises’ operation: organizational, economic, social, environmental etc. The main objective of the article is creating the preconditions for building the stakeholder communication system for promoting the green competitiveness of the company and assessing by stakeholders the results of companies’ activity. The paper used scientific methods are based on logical generalization and scientific abstraction for systematizing the prerequisites for the formation of a system of communications of green competitive stakeholders; typology of green competitiveness stakeholders; formal-logical for determining the determinants and principles of effective collaboration of stakeholders of green competitiveness. For investigating the stakeholders’ assessment of the green competitiveness effects was undertaken Multidimensional scaling analysis and were estimated five outcome dimensions: consumer satisfaction in green goods; efficiency of green goods production; green goods quality and cleaner production; institutional partnership; community impact. For scaling responses in survey research was used a seven-point psychometric Likert scale. A general questioning is provided for five countries: Ukraine, Poland, Romania, Slovenia, Czech Republic, and include the results of the survey the 1236 stakeholders. The results of the assessment showed that in all groups (internal and external) of stakeholder, the employees assessed results of the environmental strategies as «success» – 22,3% and community from another group – 7,45%. The stakeholder opinion is the same. That is evidence that the processes of greening stakeholder’s communication are becoming wider and involve more participants. The result of the research creates the background for improving the system of green competitiveness stakeholder interaction. Keywords stakeholder, green competitiveness, interaction, stakeholder partnership, assessment.

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Development and Effectiveness of Financial Potential Management of Enterprises in Modern Conditions

Cited by 24 publications

References 11 publications

Organizational and economic mechanism of a business security as a guarantee of its sustainable development

Organizational and economic mechanism of a business security as a guarantee of its sustainable development

Financial Potential of the Enterprise: Essence and Economic Analysis

Stakeholders of Green Competitiveness: Innovative Approaches for Creating Communicative System

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