STRATEGIC AND TACTICAL TOOLKIT FOR MANAGEMENT OF THE FINANCIAL STABILITY AND PAYING CAPACITY OF THE ENTERPRISE
DOI:
https://doi.org/10.31891/mdes/2022-5-17Keywords:
strategic management, management, enterprise economy, financial stability, solvency, tools and meansAbstract
The article focuses on the relevance of developing strategic and tactical approaches to managing the financial stability and solvency of economic entities.The purpose of the article is the scientific substantiation of the theoretical-methodical and applied principles of defining and implementing strategic-tactical tools for managing the financial stability and solvency of the enterprise.A set of tactical measures aimed at implementing the strategy of ensuring the financial stability and solvency of the enterprise has been determined. It is summarized that the financial activity of the enterprise should be aimed at the organization of systematic receipt and effective use of financial resources, compliance with settlement and credit discipline, achieving a rational ratio of own and borrowed funds, financial stability with the aim of effective functioning of the business in general.It is substantiated that ensuring the financial stability of the enterprise involves the payback of resources invested in entrepreneurial activity due to cash receipts from management, obtaining profit to ensure self-financing and independence of the enterprise from external sources of asset formation.It has been proven that solvency is an important component of the effective functioning of an enterprise, characterized by the ratio of the value of its highly liquid assets and short-term debt, that is, certain types of assets of the enterprise according to their ability to be quickly converted into cash without losing their book value in order to ensure the required level of solvency. The factors of strengthening the solvency of the enterprise have been determined.The applied value of the research results lies in the formation of a system of measures and means, the implementation of which allows improving the financial and economic condition of economic entities, ensuring their financial and economic security.The scientific novelty of the research results lies in the improvement of methodological and applied principles of strengthening financial stability and strengthening the liquidity of economic entities.
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