Assessment of Financial Potential as a Determinant of Enterprise Development

Proceedings of the 6th International Conference on Strategies, Models and Technologies of Economic Systems Management (SMTESM 2019). Atlantis Press. DOI:10.2991/smtesm-19.2019.

5 Pages Posted: 26 Nov 2019

See all articles by Dmytro Zherlitsyn

Dmytro Zherlitsyn

National University of Life and Environmental Sciences of Ukraine; Zaporizhzhya Institute of Economics and Information Technologies

Stanislav Levytskyi

Zaporizhzhya Institute of Economics and Information Technologies

Denis Mikhaylik

Zaporizhzhya Institute of Economics and Information Technologies

Victoriia Ogloblina

ZIEIT

Date Written: September 1, 2019

Abstract

Financial potential is an important part of enterprise activities. The technique of the enterprise’s financial potential assessment is offered in the paper. It is presented by particular stages, where each stage is related to a certain task. The characteristics of the company’s financial potential, based on the analysis of the related literature, are determined. The implementation of each task is carried out. Thus, the study proposes a mechanism for managing the financial potential of enterprises, which allows to emphasize the elements that can be useful for economic development. It is based on the general strategic principles of the enterprise management. The study results can be used to assess enterprise purposes and develop the formation goals of its financial potential. It can also help to forecast and separate main directions of accumulation, formation, and distribution of financial resources. It should be noted, that analysis and control over the financial potential formation strategy, as well as the use of analysis results for specifying the strategic directions of the enterprise development, are of high importance. Therefore, the management of the financial potential is a system of rational management of business financing, which includes the formation of financial relations, emerging as a result of finance resources flow.

Keywords: assessment, financial potential, development, determinant, enterprise

JEL Classification: G39, O16

Suggested Citation

Zherlitsyn, Dmytro and Levytskyi, Stanislav and Mikhaylik, Denis and Ogloblina, Victoriia, Assessment of Financial Potential as a Determinant of Enterprise Development (September 1, 2019). Proceedings of the 6th International Conference on Strategies, Models and Technologies of Economic Systems Management (SMTESM 2019). Atlantis Press. DOI:10.2991/smtesm-19.2019. , Available at SSRN: https://ssrn.com/abstract=3486489 or http://dx.doi.org/10.2139/ssrn.3486489

Dmytro Zherlitsyn

National University of Life and Environmental Sciences of Ukraine ( email )

Heroiv Oborony St, 15
Kyiv, 02000
Ukraine

Zaporizhzhya Institute of Economics and Information Technologies ( email )

Zaporizhzhya
Ukraine

Stanislav Levytskyi (Contact Author)

Zaporizhzhya Institute of Economics and Information Technologies ( email )

Kiyashko St., 16-B
Zaporizhzhia, 69041
Ukraine

HOME PAGE: http://www.zieit.edu.ua

Denis Mikhaylik

Zaporizhzhya Institute of Economics and Information Technologies ( email )

Kiyashko St., 16b
Zaporizhzhya, 69015
Ukraine

Victoriia Ogloblina

ZIEIT ( email )

Kiyashko St., 16b
Zaporizhzhya, 69015
Ukraine

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