IMPLEMENTATION OF THE FUNCTIONS OF MANAGEMENT WITHIN THE SYSTEM OF STRATEGIC CORPORATE FINANCE MANAGEMENT

Abstract

Objective. The objective of the article is to summarize the theoretical insights into strategic corporate finance management through the implementation of the functions of management. Methods. To achieve the goal, methods of theoretical generalization, analysis and synthesis, logical generalization, analogy method, the methods of comparative analysis andformal and con­ceptual modeling are used. Results. As a result of the research, certain tasks have been performed and an attempt to formalize the content of the strategic corporate finance management process by the method of formal and conceptual modeling has been made. As a result, a model of the strategic corporate finance management system in the context of dynamic operation mode has been developped. The model presented contains input flows — the components of the enterprise financial assets — and output flows (final state of the system). The difference between the obtained formal and concep­tual model and the Black Box model is the information about the content of processes occurring within the organization to ensure the final state of the system (output flows). The final state of the system is assessed by the relevant indices of financial standing, financial solvency, business effi­ciency, business activity. The criterion values of the final state of the system are achieved through the implementation of appropriate corporate finance management strategies (asset management, capital management, investment management, cash flow management, financial risk management, financial crisis management) and the implementation of the functions of management (planning, organization, motivation and control).