Structural-functional model of anti-crisis financial management of the enterprise

  • Olena Lytovchenko O.M. Beketov National University of Urban Economy in Kharkiv https://orcid.org/0000-0002-7852-4918
  • Olena Toporkova Kharkiv State University of Food Technology and Trade
Keywords: anti-crisis financial management, business process, enterprise, modeling, structural-functional model

Abstract

The article discloses the procedure for the formation of the structural-functional model of anti-crisis financial management at the enterprise. For the purpose of a clearer presentation, the set of works on anti-crisis financial management of the enterprise from the perspective of the process approach has been analyzed. It was determined that the modeling of the anti-crisis financial management process should be carried out using modern analytical technologies, which will allow at the system level to form the necessary solutions taking into account the production features of the enterprise and achieve their effective implementation. It is established that in order to achieve greater efficiency of the management process, it is advisable to develop a structural-functional model of anti-crisis financial management. This allows you to determine the sequence of relevant actions and visualize all participants in the management process, the stages of the simulated process, their relationship, methodological support and results, both intermediate and general. The proposed methodological approach allows us to synthesize, within the framework of a single methodology, the process of developing a set of reasonable anti-crisis measures at the enterprise; provides regulation of management activity parameters at each stage of model development; significantly reduces the influence of uncertainty factors on the accuracy of the choice of anti-crisis measures, creates the prerequisites for improving the formation of an anti-crisis financial management program for the enterprise and further effective activities. Using the proposed methodology will allow us to consistently establish the procedure for conducting anti-crisis financial management, visually present the direct participants in this process, conduct its critical analysis and determine optimization paths, that is, the ability to create an improved model to increase the effectiveness of management decisions.

Downloads

Download data is not yet available.

Author Biographies

Olena Lytovchenko, O.M. Beketov National University of Urban Economy in Kharkiv

Olena Lytovchenko, Ph.D.(Economics), Associate Professor

Olena Toporkova, Kharkiv State University of Food Technology and Trade

Olena Toporkova, Ph.D.(Economics), Associate Professor

References

Pavlova V.A., Parshyna O.A. (2017). Management of business processes of the enterprise with the use of modern analytical technologies. Academic look. №1. Retrieved from http://nbuv.gov.ua/UJRN/ao_2017_1_7. (in Ukrainian)

Seliverstova, L. (2013). Structural and functional model of the corporate financial management system. Economic analysis, 12(2), 315-320. (in Ukrainian)

Shevcova, O.J. (2013). Fundamentals of anti-crisis financial management of the enterprise. Retrieved from http://www.economy.nayka.com.ua/?op=1&z=1773. (in Ukrainian)

Davydenko, N.M. (2015). Anti-crisis financial management at the enterprise. Science newsletter of the National University of Biology and Natural Resources of Ukraine. Seriya: Economy, agricultural management, business, 211(1), 76 -80. (in Ukrainian)

Kipa, M.O. (2015) Structural and functional model of financial resources management of the enterprise. Investment: practice and additional, 22, 116-124. (in Ukrainian)

Lytovchenko, O.Yu., Kalinichenko, A.Yu. (2014). Structural and functional modeling of the process of managing the financial stability of the enterprise. Bulletin of economy and transport and industry, 45, 175-178. (in Ukrainian)

Meshkis, D.K. (2015). Forming of the business process development of organization on the basis of mechanism of architectural management and control. Bulletin of science and education of the North-West of Russia, 1(1), 287-301. (in Russian)

Latysheva, I.L. (2007). Organization of capital structure management. Bulletin of the National University of Lviv Polytechnic, 579, 486-491. (in Ukrainian)

Sablina, N.V. (2017). Methodical approach to financial security management of machine-building enterprises of Ukraine. Infrastructure market, 7(17), 224-232. (in Ukrainian)

Piletska, S.T. (2016). Assessment of the financial and economic condition of the enterprise in the system of crisis management. Economic analysis, 23(2), 139-145. (in Ukrainian)

Published
2020-06-26
How to Cite
Lytovchenko, O., & Toporkova, O. (2020). Structural-functional model of anti-crisis financial management of the enterprise. Bulletin of V. N. Karazin Kharkiv National University Economic Series, (98), 108-115. https://doi.org/10.26565/2311-2379-2020-98-11