Olena Golovko
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Financial stability management in banks: strategy maps
Borys Samorodov , Galyna Azarenkova , Olena Golovko , Kateryna Oryekhova , Maksym Babenko doi: http://dx.doi.org/10.21511/bbs.14(4).2019.02Banks and Bank Systems Volume 14, 2019 Issue #4 pp. 10-21
Views: 1216 Downloads: 216 TO CITE АНОТАЦІЯTo prevent crises in the economy, it is necessary to ensure the financial stability of banks, which is one of the main tasks facing the banking system.
The purpose of this article is to develop tools for improving the efficiency of financial stability management in a bank based on strategy maps.
Using UkrSibbank (Ukraine) as an example, two strategy maps are developed: a general management map and a local map – for the international payments division of the operational payments department. Structural elements of the designed strategy maps are: finances, clients, internal processes, training and development.
Implementing the developed general strategy map in the bank’s practical activities involves the following measures: increasing financial stability; avoiding credit risk and optimizing the credit process; increase in profit; cost reduction; introducing new banking products; increase in the number of satisfied consumers; involvement and retention strategic clients.
The developed strategy map for the international payments division of the operational payments department provides for the following measures: ensuring sufficient liquidity level of the bank’s balance sheet; introducing an effective system of analysis of origin of individuals’ and legal entities’ funds; direct correlation between employees of the international payments division and bank customers; timely informing customers regarding requirements updated. -
Implementation of strategic analysis methods to choose a development strategy for the enterprise’s foreign economic activity
Galyna Azarenkova , Olena Golovko , Kateryna Oryekhova , Sergii Yavorsky doi: https://doi.org/10.21511/gg.03(1).2020.01Geopolitics under Globalization Volume 3, 2019–2020 Issue #1 pp. 1-11
Views: 1114 Downloads: 168 TO CITEThe article considers stages and methods of strategic management of the enterprise’s foreign economic activity. PEST analysis, SWOT analysis and SPACE analysis of foreign economic activity are used on the basis of a particular enterprise. PEST analysis has highlighted political and legal, economic, social and technological factors influencing the foreign economic activity of the analyzed enterprise. SWOT analysis has allowed identifying strengths, weaknesses, opportunities and threats of the enterprise. SPACE analysis has revealed that in the absence of growth in the services market, the use of a strategy for the enterprise diversification is acceptable. This strategy involves the creation and development of new services. Therefore, it is necessary to constantly monitor the activity of the enterprise in the international economic environment.
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Financial planning and improving of its methods
Galyna Azarenkova , Tetyana Pasko , Olena Golovko , Yuliia Kovalchuk doi: http://dx.doi.org/10.21511/afc.01(1).2017.05Accounting and Financial Control Volume 1, 2017 Issue #1 pp. 39-47
Views: 1756 Downloads: 396 TO CITEThe paper investigates issues, concerning financial planning at the enterprise. Methods and models of financial forecasting are analyzed and their unification is proposed. The main problems of financial instruments using (such as financial planning) are described. Planning is important element of management, which ensures achievement of strategic priorities. Effective financial planning is essential tool of achieving of the main goals of the enterprise - profit maximization and cost of the enterprise. As market conditions in Ukrainian market of goods and services have its own specificity, which is defined, on the one hand, by means of analysis, formation and allocation of financial resources, and, on the other hand, the sources of reserves increasing, in order to implement the operating and investment activities to ensure their sustainable financial development. It should be noted that the formation of these processes has a significant impact on both objective and subjective factors, such as instability of tax policy and regulatory legislation for national currency, the impact of the global economic crisis, reducing the resources and available current assets etc.
Thus, the increasing volatility of external environment requires managerial entities to speed decision-making and direct financial planning and forecasting, in order to reduce the impact of exogenous and endogenous factors on the financial activities of enterprises.
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Management of enterprise’s financial sustainability and improvement of its methods
Galyna Azarenkova , Olena Golovko , Kateryna Abrosimova doi: http://dx.doi.org/10.21511/afc.02(1).2018.01Accounting and Financial Control Volume 2, 2018-2019 Issue #1 pp. 1-14
Views: 5365 Downloads: 760 TO CITE АНОТАЦІЯThe article is dedicated to the solution of the relevant issue, concerning management of enterprise`s financial sustainability. Financial sustainability assessment is one of the most important principles of enterprise`s activity, which provides information about financial capabilities of the company at the time of its evaluation and for the future. It is a requirement for the enterprise activity, which provides a high level of competitiveness, efficiency and intensity. Thus, the restoration and strengthening of financial sustainability is a priority task for the enterprise, a basic precondition for its effective functioning. The purpose of the research is to analyze financial sustainability and to improve the methods and approaches of its evaluation. The following methods were used in this research: financial and economic analysis, economic and mathematical modeling, analysis and synthesis, comparison. The main results of the study are following: the theoretical and essential characteristics of enterprise financial sustainability has been determined; the financial status of PJSC “Turboatom” has been analyzed; the taxonomic index of financial sustainability has been calculated and the forecast of its significance has been made, the approaches to increase enterprise financial sustainability have been proposed.
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- assessment
- customers
- diversification strategy
- financial conditions
- financial planning
- financial sustainability
- financing strategy
- foreign economic activity
- internal processes
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