Development and Implementation of the Financial Model of Export in the Context of Strategic Planning of Foreign Economic Activity of Enterprises

Abstract

The article deals with the development and implementation of a financial model of exports in the context of strategic planning of foreign economic activity of enterprises. The model described in this paper aims to measure, analyse, evaluate and propose improvements to administrative processes by identifying various variables involved in strategic foreign trade planning. This paper is a survey that is being developed for export activities in Ukraine. Exports in Ukraine were analysed to test the methodology and to build an additive model.The model empirically shows the links that exist between the internal functions of a company and its ability to generate performance management indicators and business dynamics as a way to improve processes in strategic foreign trade planning. Some relevant findings from the first two stages of the empirical research conducted to date are presented. Validation has proven that the use of the methodology of strategic planning of foreign economic activity allows you to compensate for investments in new resources by increasing the number of operations carried out eliminating delays and attracting new customers as a result of improving the client's perception of the quality of service. During the audit, it was possible to determine that the delays created in the activities of support systems increase their negative impact on the process, consuming the slack of many actions of the central system and delaying their implementation, negatively affecting foreign economic activity. The model will be useful for enterprises engaged in foreign trade.

Innovative Approaches to Improving the Process of Risk Management in the Context of Developing a Strategy for the Foreign Economic Activity of Enterprises

“…In addition, as he claims, IMA (Institute of Management Accountants),the strategy allows you to level risks within the limits and acceptable levels of variation of the risk strategy itself, implemented at the enterprise. Thus, strategy formulation is enhanced by corporate risk management, as risks and strategic alternatives are identified and evaluated according to the enterprise's risk appetite (Kulish et al, 2024). In addition, risk management contributes to the creation of value, as it is a system that is integrated into all practices, processes and operations of the enterprise in an appropriate, efficient and effective way and is part of the development strategy (Kuznyetsova et al, 2021).…”