+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
Financial Analytics: Science and Experience
 

Forecasting tools for financial strategies of corporation

Vol. 8, Iss. 11, MARCH 2015

PDF  Article PDF Version

Available online: 15 March 2015

Subject Heading: FINANCIAL INSTRUMENTS

JEL Classification: 

Pages: 2-10

Tkachenko D.D. Volzhsky Institute of Economics, Education and Law, Volzhsky, Volgograd Region, Russian Federation
den_tkachenko_75@mail.ru

Malyutina T.D. Institute of Management, Volgograd Branch, Volgograd, Russian Federation
malyutina81@inbox.ru

Importance Modern market-based economy requires a careful consideration and analysis of all forthcoming directions of private entrepreneurship sector. The prediction of effective financial strategies will enable to achieve the most efficient activity performance of corporations. The list of existing methods and instruments for strategies forecasting is reasonably diverse. The choice of forecasting tool depends on the stage of strategy implementation and its content.
     Objectives The paper aims to assess the range of existing instruments for financial strategy forecast of corporation. In compliance with the application task, we solved the tasks as follows: analyzed the existing set of methods and tools for financial strategy forecast; determined the most appropriate forecasting instruments at different stages of strategic planning; clarified the basic principles of strategic planning and financial strategy forecasting; evaluated the software simulation tools and the existing models of financial strategies.
     Methods We used a comparative analysis and modeling methods, as well as an analog approach, which helped to evaluate all existing tools for corporation's financial strategy forecasting.
     Results The paper comprehensively considered the existing and practically applied forecasting methods for financial corporate strategy, evaluated them from the perspective of the various stages of modeling strategies for the most common methods and tools. Separately, the article considered the modeling technique and provided comparative characteristics of different strategies' models. At the end of the study, we came to a conclusion that the proper choice of forecasting instrument determines the effectiveness of the future financial strategy forecasting.
     Conclusions and Relevance On the basis of the study, we concluded that the stage of forecasting of financial strategy of a corporation is quite effective when there is an adequate selection of tools of forecasting and modeling the future financial situation.

Keywords: financial strategy, forecasting tool, forecasting method, modeling

References:

  1. Aaker D.A. Biznes-strategii: ot izucheniya rynochnoi sredy do vyrabotki besproigryshnykh reshenii [Strategic Market Management]. Moscow, Eksmo Publ., 2007, 464 p.
  2. Aminova Z. Finansovaya strategiya predpriyatiya: formirovanie, razvitie, obespechenie ustoichivosti [Financial strategy of an enterprise: the formation, development, and ensuring the sustainability]. Moscow, Sputnik+ Publ., 2002, 536 p.
  3. Basovskii L.E. Prognozirovanie i planirovanie v usloviyakh rynka [Forecasting and planning under market conditions]. Moscow, INFRA-M Publ., 1999, 258 p.
  4. Blank I.A. Finansovaya strategiya predpriyatiya [Financial strategy of an enterprise]. Kiev, Nika-Tsentr, El'ga Publ., 2004, 711 p.
  5. Kokh R. Strategiya. Kak sozdavat' i ispol'zovat' effektivnuyu strategiyu [Strategy. How to create and use an effective strategy]. St. Petersburg, Piter Publ., 2003, 320 p.
  6. Campbell E., Lachs K.S. Strategicheskii sinergizm [Strategic Synergies]. St. Petersburg, Piter Publ., 2004, 416 p.
  7. Minakov A.P. Modelirovanie parametrov finansovoi strategii rosta kompanii [Simulating the financial parameters of company's growth strategy]. Available at: Link. (In Russ.)
  8. Mikhel' V.S. Metody formirovaniya finansovoi strategii korporatsii [Methods of shaping the financial strategy of a corporation]. Available at: Link_ 11_michel_v.pdf. (In Russ.)
  9. Perekrestova L.V., Fedotova G.V., Mytareva L.A. Teorii finansov i finansovogo menedzhmenta [Finance and financial management theories]. Volgograd, VolSU Publ., 2010, 185 p.
  10. Popov A.I., Plotnikov V.A. Vybor modeli razvitiya i modernizatsii: osnovy perekhoda k innovatsionnoi ekonomike [Selecting the development and modernization models: foundations of the transition to an innovation-driven economy]. Available at: Link. (In Russ.)
  11. Plotnikov V.A., Bagaturiya E.P., Kudryavtseva V.S. Osobennosti organizatsii innovatsionnoi deyatel'nosti v kholdingovykh strukturakh [Features of the innovation activity organization in holding structures]. Available at: Link. (In Russ.)
  12. Plotnikov V.A., Fedotova G.V. Indikatory strategicheskogo regional'nogo planirovaniya [Indicators of strategic regional planning]. Finansovaya analitika: problemy i resheniya = Financial Analytics: Science and Experience, 2014, no. 17, pp. 21–33.
  13. Raizberg B.A., Lobko A.G. Programmno-tselevoe planirovanie i upravlenie [Program-targeted planning and management]. Moscow, INFRA-M Publ., 2002, 428 p.
  14. Robert M. Novoe strategicheskoe myshlenie. Prosto o slozhnom [A new strategic thinking. Simple words about complex things]. Moscow, Pokolenie Publ., 2006, 320 p.
  15. Fedotova G.V. Programmnyi byudzhet v regional'nom strategicheskom planirovanii [A program-based budget in regional strategic planning]. Daidzhest-Finansy = Digest Finance, 2013, no. 12, pp. 29–34.
  16. Fedotova G.V. Upravlenie riskami v innovatsionnoi deyatel'nosti predpriyatii [Risk management in innovative activity of enterprises]. Finansy i kredit = Finance and Credit, 2009, no. 14, pp. 15–26.
  17. Sovremennyi entsiklopedicheskii slovar' [Modern Encyclopedic Dictionary]. Available at: Link. (In Russ.)
  18. Strokov M.M. Strategicheskii analiz kak metodologicheskaya osnova biznes-modeli upravleniya zheleznodorozhnoi transportnoi kompaniei [Strategic analysis as a methodological basis of business model of railway transport company management]. Byulleten' transportnoi informatsii = Bulletin of Transport Information, 2010, no. 3.
  19. Kozenko Yu.A., Fedotova G.V. Teoreticheskie osnovy finansovogo menedzhmenta [Theoretical foundations of financial management]. Volgograd, VolSU Publ., 2007, 156 p.
  20. Finansovyi menedzhment: teoriya i praktika [Financial management: theory and practice]. Moscow, Perspektiva Publ., 1998, 656 p.
  21. Chitipakhovyan P. Strategicheskoe planirovanie v integrirovannykh korporatsiyakh: faktory orgobespecheniya [Strategic planning in integrated corporations: organization support measures]. Rossiiskii ekonomicheskii zhurnal = Russian Economic Journal, 2002, no. 1, pp. 89–94.

View all articles of issue

 

ISSN 2311-8768 (Online)
ISSN 2073-4484 (Print)

Journal current issue

Vol. 17, Iss. 1
March 2024

Archive