IDEAS home Printed from https://ideas.repec.org/a/cuc/eforum/v13y2023i1p151-156.html

Strategic alternatives for increasing the enterprise's financial potential

Author

Listed:
  • Мyroslava Zabediuk
  • Іlona Yatsuk

Abstract

The article is devoted to the study of the peculiarities of the formation of strategic alternatives in the direction of increasing the enterprise's financial potential. It is noted that in the process of developing the enterprise's financial strategy, it is necessary, firstly, to ensure its compliance with the enterprise's financial policy as a whole; secondly, the enterprise's financial strategy should be aligned with its basic corporate strategy. Also, it should be taken into account that a key factor in the development of the enterprise's financial strategy is the need for it to match the enterprise's internal potential. The main strategic stages of increasing the enterprise's financial potential have been formed. The basic financial strategies in the aspect of increasing the enterprise's financial potential are considered: the strategy of forming financial resources, the structural financial strategy and the strategy of ensuring financial security. The formation and implementation of the enterprise's basic financial strategies must be consistent with the situation and development trends of the market in which the enterprise operates. At the same time, it is also necessary to take into account risk factors at the state level and global threats. Along with the basic financial strategies, functional strategies related to the formation and improvement of the efficiency of the use of the enterprise's financial potential are considered. A classification of functional strategies, systematized according to individual approaches, is given. In the process of choosing strategic alternatives for increasing the enterprise's financial potential, each enterprise must take into account the specifics of its activity, the influence of a combination of factors, etc. A successful choice and combination of strategies for increasing financial potential leads to the minimization of risks, the growth of activity efficiency, the improvement of financial stability and the provision of competitive positions of the enterprise The article is devoted to the study of the peculiarities of the formation of strategic alternatives in the direction of increasing the enterprise's financial potential. It is noted that in the process of developing the enterprise's financial strategy, it is necessary, firstly, to ensure its compliance with the enterprise's financial policy as a whole; secondly, the enterprise's financial strategy should be aligned with its basic corporate strategy. Also, it should be taken into account that a key factor in the development of the enterprise's financial strategy is the need for it to match the enterprise's internal potential. The main strategic stages of increasing the enterprise's financial potential have been formed. The basic financial strategies in the aspect of increasing the enterprise's financial potential are considered: the strategy of forming financial resources, the structural financial strategy and the strategy of ensuring financial security. The formation and implementation of the enterprise's basic financial strategies must be consistent with the situation and development trends of the market in which the enterprise operates. At the same time, it is also necessary to take into account risk factors at the state level and global threats. Along with the basic financial strategies, functional strategies related to the formation and improvement of the efficiency of the use of the enterprise's financial potential are considered. A classification of functional strategies, systematized according to individual approaches, is given. In the process of choosing strategic alternatives for increasing the enterprise's financial potential, each enterprise must take into account the specifics of its activity, the influence of a combination of factors, etc. A successful choice and combination of strategies for increasing financial potential leads to the minimization of risks, the growth of activity efficiency, the improvement of financial stability and the provision of competitive positions of the enterprise

Suggested Citation

  • Мyroslava Zabediuk & Іlona Yatsuk, 2023. "Strategic alternatives for increasing the enterprise's financial potential," E-Forum Working Papers, Economic Forum, vol. 13(1), pages 151-156, March.
  • Handle: RePEc:cuc:eforum:v:13:y:2023:i:1:p:151-156
    DOI: https://doi.org/10.36910/6775-2308-8559-2023-1-19
    as

    Download full text from publisher

    File URL: https://e-forum.com.ua/web/uploads/pdf/Economic_Forum_Vol13_N1_Zabediuk.pdf
    Download Restriction: no

    File URL: https://libkey.io/https://doi.org/10.36910/6775-2308-8559-2023-1-19?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cuc:eforum:v:13:y:2023:i:1:p:151-156. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Economic Forum (email available below). General contact details of provider: https://e-forum.com.ua/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.