The Formation of Financial Strategy of Enterprise Development

• Main Author: Ischenko Nina A.
• Format: Article
• Language: English
• Published: Research Centre of Industrial Problems of Development of NAS of Ukraine 2018-05-01
• Series: Bìznes Inform
• Subjects: strategy; financial strategy; financial strategy formation
• Online Access: http://www.business-inform.net/export_pdf/business-inform-2018-5_0-pages-324_328.pdf

The article is aimed at highlighting features of formation of financial strategy of enterprise. Approaches to the definition of essence of the concept of «financial strategy of enterprise» are considered and generalized. It is determined that the financial strategy determines the long-term goal of the financial activity of enterprise, depends on its financial policy, choice of efficient directions of its achievement. Features of formation of financial strategy are considered on the basis of the data of agricultural enterprise. Four stages, according to which the process of formation of the financial strategy of agricultural enterprise should be carried out, are defined. On the results of the research is identified that, in the case of an agricultural enterprise, it is expedient to apply the strategy of gradual development, which foresees a gradual enhance of activity volumes, increase of profitability, and provision of a stable financial condition. Ways of implementing the financial strategy of agricultural enterprise are substantiated.