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Concept of Financial Planning in a Company on the Basis of Process Oriented Approach

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  • Sytnik Anna V.

    (Kyiv National University of Trade and Economy)

Abstract

The article uses the study of evolution and specific features of the process management for substantiation of a necessity of development of theoretical provisions and practical tools of financial planning on the basis of process approach as a prerequisite of harmonisation of finance management with its other subsystems under conditions of development and introduction into practical activity of modern concepts of management (strategic management, quality management, theory of constraints, value oriented management) and a factor of increase of the value of a company and provision of its balanced development in the long-term prospective. It provides conceptual provisions of construction of a system of financial planning on the basis of a process approach: original theoretical prerequisites of its formation; formulates its essence and components, specific features of realisation and advantages of implementation in a company.

Suggested Citation

  • Sytnik Anna V., 2013. "Concept of Financial Planning in a Company on the Basis of Process Oriented Approach," Business Inform, RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE), Kharkiv National University of Economics, issue 3, pages 262-270.
    • Handle: RePEc:idp:bizinf:y:2013:i:3:p:262_270
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    References listed on IDEAS

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    1. Eden, Colin, 1988. "Cognitive mapping," European Journal of Operational Research, Elsevier, vol. 36(1), pages 1-13, July.
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