METHODS FOR DIAGNOSING THE EFFECTIVENESS OF THE ENTERPRISE’S FINANCIAL STRATEGY IN THE STRATEGY CONTROLLING SYSTEM

The purpose of the article is to describe how the controlling system is implemented and controlling tools are applied at enterprises in Ukraine. The article contains selected results of the survey research conducted by the authors at logistics enterprises in Ukraine. The obtained data were used to v...

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Main Authors: Maryna Reta, Elena Druhova, Oksana Lisnichuk
Format: Article
Language:English
Published: Izdevnieciba “Baltija Publishing” 2018-06-01
Series:Baltic Journal of Economic Studies
Subjects:
Online Access:http://www.baltijapublishing.lv/index.php/issue/article/view/449/pdf
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spelling doaj-35b0cd39c92b446384378bdf620f29aa2020-11-24T21:35:56ZengIzdevnieciba “Baltija Publishing”Baltic Journal of Economic Studies2256-07422256-09632018-06-014323524310.30525/2256-0742/2018-4-3-235-243METHODS FOR DIAGNOSING THE EFFECTIVENESS OF THE ENTERPRISE’S FINANCIAL STRATEGY IN THE STRATEGY CONTROLLING SYSTEMMaryna RetaElena DruhovaOksana LisnichukThe purpose of the article is to describe how the controlling system is implemented and controlling tools are applied at enterprises in Ukraine. The article contains selected results of the survey research conducted by the authors at logistics enterprises in Ukraine. The obtained data were used to verify the hypotheses and to evaluate the controlling system implementation at the pharmaceutical companies in Ukraine. Methodology. To substantiate the essence of management accounting tools, the authors used the method of grouping of management accounting tools, affecting the achievement of its goals. The results of the empirical study show that almost half of the surveyed logistics companies use controlling systems in business practice. These are primarily large and medium logistics enterprises regarding employment scope and annual sales revenue. The companies applying the controlling system, as well as the business entities without it actually use operational (traditional) controlling tools, e.g. traditional cost accounting systems complemented by the selected strategic method of controlling. Conclusion. The proposed classification of management accounting tools permits to organize the terminological apparatus of the management accounting system in general and at enterprises in particular.http://www.baltijapublishing.lv/index.php/issue/article/view/449/pdfstrategic controllingstrategic managementcontrolling toolssolutions in controllingstrategic method of controllingcontrolling systemstrategic scorecardunclear pluralslevelsystem of indexesfinance
collection DOAJ
language English
format Article
sources DOAJ
author Maryna Reta
Elena Druhova
Oksana Lisnichuk
spellingShingle Maryna Reta
Elena Druhova
Oksana Lisnichuk
METHODS FOR DIAGNOSING THE EFFECTIVENESS OF THE ENTERPRISE’S FINANCIAL STRATEGY IN THE STRATEGY CONTROLLING SYSTEM
Baltic Journal of Economic Studies
strategic controlling
strategic management
controlling tools
solutions in controlling
strategic method of controlling
controlling system
strategic scorecard
unclear plurals
level
system of indexes
finance
author_facet Maryna Reta
Elena Druhova
Oksana Lisnichuk
author_sort Maryna Reta
title METHODS FOR DIAGNOSING THE EFFECTIVENESS OF THE ENTERPRISE’S FINANCIAL STRATEGY IN THE STRATEGY CONTROLLING SYSTEM
title_short METHODS FOR DIAGNOSING THE EFFECTIVENESS OF THE ENTERPRISE’S FINANCIAL STRATEGY IN THE STRATEGY CONTROLLING SYSTEM
title_full METHODS FOR DIAGNOSING THE EFFECTIVENESS OF THE ENTERPRISE’S FINANCIAL STRATEGY IN THE STRATEGY CONTROLLING SYSTEM
title_fullStr METHODS FOR DIAGNOSING THE EFFECTIVENESS OF THE ENTERPRISE’S FINANCIAL STRATEGY IN THE STRATEGY CONTROLLING SYSTEM
title_full_unstemmed METHODS FOR DIAGNOSING THE EFFECTIVENESS OF THE ENTERPRISE’S FINANCIAL STRATEGY IN THE STRATEGY CONTROLLING SYSTEM
title_sort methods for diagnosing the effectiveness of the enterprise’s financial strategy in the strategy controlling system
publisher Izdevnieciba “Baltija Publishing”
series Baltic Journal of Economic Studies
issn 2256-0742
2256-0963
publishDate 2018-06-01
description The purpose of the article is to describe how the controlling system is implemented and controlling tools are applied at enterprises in Ukraine. The article contains selected results of the survey research conducted by the authors at logistics enterprises in Ukraine. The obtained data were used to verify the hypotheses and to evaluate the controlling system implementation at the pharmaceutical companies in Ukraine. Methodology. To substantiate the essence of management accounting tools, the authors used the method of grouping of management accounting tools, affecting the achievement of its goals. The results of the empirical study show that almost half of the surveyed logistics companies use controlling systems in business practice. These are primarily large and medium logistics enterprises regarding employment scope and annual sales revenue. The companies applying the controlling system, as well as the business entities without it actually use operational (traditional) controlling tools, e.g. traditional cost accounting systems complemented by the selected strategic method of controlling. Conclusion. The proposed classification of management accounting tools permits to organize the terminological apparatus of the management accounting system in general and at enterprises in particular.
topic strategic controlling
strategic management
controlling tools
solutions in controlling
strategic method of controlling
controlling system
strategic scorecard
unclear plurals
level
system of indexes
finance
url http://www.baltijapublishing.lv/index.php/issue/article/view/449/pdf
work_keys_str_mv AT marynareta methodsfordiagnosingtheeffectivenessoftheenterprisesfinancialstrategyinthestrategycontrollingsystem
AT elenadruhova methodsfordiagnosingtheeffectivenessoftheenterprisesfinancialstrategyinthestrategycontrollingsystem
AT oksanalisnichuk methodsfordiagnosingtheeffectivenessoftheenterprisesfinancialstrategyinthestrategycontrollingsystem
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