Management of the financial stability of the enterprise in conditions of economic instability

Abstract

The financial and economic state of a direct Russian enterprise is a component of the economic security of the state, the tax and economic policy of which is complexly dependent on the permanent stability of economic entities. This article presents a set of indicators that characterize the effectiveness, assessment and diagnostics of the financial stability of an enterprise. Any subject is considered as a socio-economic system that reveals its specific features. An analytical approach to the study of aspects of the financial stability of individual economic entities allows us to identify elements that can lead one or another designated entity to stabilize economic functioning in the industry and related markets. The main purpose of this article is to propose financial stability management in the face of economic instability. Considering financial stability, it is necessary to proceed from focusing on the stability of the system that each individual enterprise forms if it seeks to reflect negative consequences in the economic aspect and to effectively manage risks, including financial and entrepreneurial ones. Accordingly, financial stability is considered to be a continuum: variable over time and corresponding to several combinations of constituent elements of finance. A classification of factors influencing financial stability according to a number of system-forming features is proposed. The most significant indicators for assessing the financial stability of organizations are determined, taking into account the industry specifics of managerial decision-making. Within the framework of this article, the mechanisms of a commercial orientation were studied in order to ensure the permanent development of an enterprise and a system of balancing between the indicators that determine this development.