Uman NUH | today: 07/08/2024

Practical aspects of business structure as an element of financial management

Author(s) Nesterchuk J. A., Doctor of Economic Sciences, Professor of Economics,
Vlasyuk S.A., , , Uman National University of Horticulture
Цимбалюк Ю. А., , ,
Ролінський О. В., , ,
Гуртовенко А. І., , ,
Category Economics
year 2024 issue Issue number 104. Part 2
pages 132-140 index UDK 658.15
DOI 10.32782/2415-8240-2024-104-2-132-140 (Link)
Abstract Among the constant changes, the impact of reforms is an important issue for the sustainable development of the Ukrainian economy. Changes in laws, advances in technology, and global economic trends require business structures to be more financially adaptable. It has been found that the use of financial management in the activities of entities contributes to all stages of commodity production, thereby ensuring the consistent implementation of the concept of sustainable development. The assessment of the dynamics of operating entities is an important component of economic analysis, which allows understanding the trends of the development of various industries. The analysis showed that different sectors of the economy have their own development trends driven by both internal and external factors. The dynamics of operating business entities in different industries show that the economy is undergoing a major transformation. Agriculture and industry, especially heavy industry, are undergoing structural changes. Construction and transportation are developing against the backdrop of economic growth and urbanization, and information technology is growing rapidly due to innovation and global demand for digital services. In an ever-changing market environment, companies need to constantly improve their financial management methods and adapt to new challenges and opportunities. Financial support is an important factor for achieving effective results, as it includes not only the attractiveness of financial resources, but also their effective use to achieve the strategic goals of the enterprise. It is worth noting that in order to ensure stability and minimize financial risk, entities need to diversify their sources of funding, including stocks, loans, investments and other financial instruments. The importance of practical guidance on effective financial management cannot be overstated. Real cases and examples of successful strategies can serve as useful benchmarks for other business entities. Therefore, effective financial support is an integral part of the financial management of the business structure, which requires an integrated approach, the use of the latest tools, and continuous improvement.
Key words financial support, business structures, financial management, financial strategies, financial results
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