Bìznes Inform (Oct 2018)
The Functions of Management and Budgeting in Foreign Economic Activity of Agribusiness Enterprises
Abstract
The article is aimed at researching the combined functions of management of foreign economic activity of agribusiness enterprises on the basis of comparing management functions and budgeting functions. The classical functions of management are analyzed: planning, organization, motivation, coordination, and control. The article describes the completeness of all components of the mentioned functions and the degree of their implementation, which mainly depends on their financial reinforcement, which is determined by the budget of the enterprise. On the basis of the analyzed functions the functions of management for foreign economic activity of agribusiness enterprises are allocated. Emphasis is placed on increasing the risk for domestic agribusiness enterprises in the implementation of foreign economic activities, which requires a special anticipative management for system implementations of management functions and budgeting functions allowing to be proactive of existing threats.
