Diagnosis and Regulation of Financial Potential of Business Entities in the System of Strategic Crisis Management

Косова, Тетяна; Yaroshevska, O.; Solomina, Ganna

doi:10.32702/2306-6806.2020.4.14

Cited by 3 publications

(2 citation statements)

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“…Слід зазначити, що велика частина існуючих досліджень спрямована на вивчення аспекту управління даним напрямом діяльності суб'єктів господарювання. До таких зокрема можемо віднести праці В. В. Ткаченко, І. В. Ткаченко та П. В. Пузирьової [13,15], О. О. Маслиган, Л. Ш. Маматової та ін. [18], О. І. Полюхович [12].…”

Section: аналіз останніх досліджень і публікаційunclassified

Assessment and Management of the Financial Potential of Tourism and Hospitality Enterprises

VASYLIEVA,

HRYTSENKO,

KOZHUSHKO

et al. 2023

Herald KhmNU.ES

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The most optimal multi-component algorithm for assessing and managing the level of financial potential has been developed based on the analysis of the integral indicator, which is an aggregate indicator of the financial condition, liquidity, solvency, profitability and competitiveness of enterprise under the existing market conditions. During the analysis and study of the financial potential of tourism and hospitality enterprises, it is determined that it is advisable to divide the concept into financial potential of sustainability and financial potential of development, and it is found that the latter is significantly influenced by direct and indirect environmental factors. In view of this, the most significant factors influencing the level of financial potential of an enterprise in the process of realization of its strategic goals and prospective development opportunities have been analyzed and identified. In addition, a list of possible measures aimed at increasing the level of financial potential of tourism and hospitality enterprises has been developed. It has been established that the financial potential of enterprises in the field of tourism and hospitality is one of the key factors that characterize entrepreneurial activity in accordance with the available financial resources, financial condition and competitive market positions of the subject of economic relations, as well as development opportunities and promising areas of activity in conditions of dynamic and unstable economic environment. The value is in the formation of a methodology for assessing the level of financial potential and developing possible actions to improve it. Further research is proposed to be carried out in the context of developing scientific and methodological provisions for optimizing the structure of the financial potential of tourism enterprises in the process of implementing strategic goals of functioning, as well as the prospects for applying GAP analysis to identify and decompose internal strategic gaps by the constituent elements of financial potential.

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Section: аналіз останніх досліджень і публікаційunclassified

Assessment and Management of the Financial Potential of Tourism and Hospitality Enterprises

VASYLIEVA,

HRYTSENKO,

KOZHUSHKO

et al. 2023

Herald KhmNU.ES

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“…It is worth understanding the general structure of the potential, its main components and influencing factors. In addition, it is important to determine the place of financial potential in this structure, which is the basis for its further effective management.The value of the study is to expand scientific views on the management of the financial potential of tourism and hospitality enterprises.Ключові слова: фінансовий потенціал, підприємство, туризм, гостинність, декомпозиція, управління, функції та рівні реалізації.Keywords: financial potential, enterprise, tourism, hospitality, decomposition, management, functions and levels of implementation.Соломіної[16], а також Л. А. Костирко та О. О. Середи[8]. У розрізі вивчення саме загальної сутності поняття «фінансовий потенціал» та його наповнення, яка досить широко розкрита у роботах В. А. Бови та О. С. Хринюк [5], а також А. В. Драган та А. Ю. Геворкян [14], особливої уваги заслуговують саме дослідження С. В. Бардаш [2, 3] та О. М. Петрук [2], які проводили свої наукові пошуки у розрізі туристичного бізнесу та сфери гостинності.…”

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Структурно-Організаційна Декомпозиція Фінансового Потенціалу Підприємств Сфери Туризму Та Гостинності

Васильєва,

Гриценко,

Кожушко

et al. 2023

Електронний журнал "Ефективна економіка"

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Tools of Anti-Crisis Financial Diagnostics of the Enterprise

Solomina

Rozdobudko

2021

Black Sea Economic Studies

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The article substantiates that anti-crisis financial diagnostics is a process of regular research of the results of the financial, economic and investment activities of an organization and their impact on financial stability in order to identify and quantify the factors of financial insolvency, as well as to identify the causes of their manifestation and possible ways of their leveling. Generalization of foreign and domestic experience in the development and application of tools for anti-crisis financial diagnostics made it possible to identify modern problems of the development of its tools and divide them into two groups: endogenous (directly related to the tools) and exogenous (associated with the external environment of creating and using the tool). Endogenous ones are unique in nature and can be conditionally eliminated by changing the method of constructing a model, while exogenous problems are universal and conditionally unremovable, since the researcher is practically deprived of the opportunity to influence them. The work shows that the development of anti-crisis tools financial diagnostics can be carried out either by adapting previously created tools for specific conditions of their use, or by creating new tools. The article contains a proposal for improving the models of anti-crisis financial diagnostics, developed by E. Altman and J. Olson, using the methods of discriminant analysis and logistic regression. All improved varieties: ZMDA, ZLOG, OMDA and OLOG showed greater classification accuracy than the original models. The article discloses the procedure for selecting variables for creating a tool and proposes a system of predictors of anti-crisis financial diagnostics for enterprises operating in the field of real estate rental. Adaptation to modern conditions and empirical verification of anti-crisis financial diagnostics tools have been performed. The change in the weight values of each of the predictors and the reassessment of cut-off points, which make it possible to more accurately classify enterprises as financially stable and financially insolvent, was carried out on the basis of a sample of real estate agencies in Ukraine.

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Diagnosis and Regulation of Financial Potential of Business Entities in the System of Strategic Crisis Management

Cited by 3 publications

References 0 publications

Assessment and Management of the Financial Potential of Tourism and Hospitality Enterprises

Assessment and Management of the Financial Potential of Tourism and Hospitality Enterprises

Структурно-Організаційна Декомпозиція Фінансового Потенціалу Підприємств Сфери Туризму Та Гостинності

Tools of Anti-Crisis Financial Diagnostics of the Enterprise

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