Mechanism of Financial Results Management for the Industrial Enterprise

Alex Ivanovich Borodin, Nataliya Nicolaevna Shash, Arsen Azidovich Tatuev, Svetlana Sergeevna Galazova, Violetta Valerievna Rokotyanskaya

Abstract


Research is devoted to the analysis of the mechanism of management of financial results which makes set of the administrative decisions providing achievement of a maximum of profit. Relevance of this problem is confirmed by data the expert according to whom many Russian enterprises due to the lack of the adjusted control system of finance annually lose not less than 10% of the income. Тherefore decisions which essence is reduced to creation of the effective mechanism of management of financial results have to become the most important problem of management of finance of the enterprise. It is proved that the mechanism of management of financial results has to coordinate price and assortment policy with policy of minimization of variables and constant expenses on the basis of studying of opportunities of advance of production for the market. It is revealed that effective managements of financial results of the industrial enterprises has to combine marketing, the prices and policy of the range with measures for decrease in expenses. The maximum size of profit or minimization of losses that can be reached as a result of imitating experiment on the offered models considering all set of factors has to become criterion function of such mechanism of management.

DOI: 10.5901/mjss.2015.v6n4s2p566


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Mediterranean Journal of Social Sciences ISSN 2039-9340(Print) ISSN 2039-2117(Online)

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