The Organizational and Economic Mechanism of Anti-Crisis Financial Management of Machine-Building Enterprises

Abstract

The publication forms an organizational and economic mechanism of ant-crisis financial management of machine-building enterprises. It is identified that today’s need to introduce anti-crisis financial management mechanisms at many machine-building enterprises is very urgent. Ignoring the need for anti-crisis measures in the field of machine-building, as one of the leading sectors of the national economy, can lead to uncontrolled development of financial crisis, bankruptcy and liquidation of machine-building enterprises. The problems that hinder the sustainable development of Ukraine’s machine-building system are defined. The role and place of finance in the structure of the economy of enterprises are outlined. It is specified that nowadays it is very important to use strategic planning in the implementation of an anti-crisis financial strategy. It is substantiated that formation of an organizational and economic mechanism of crisis management of machine-building enterprises is designed to stabilize the process of activities of business entities; increase flexibility, adaptability and resilience towards changes in the environment and the impacts of negative factors; ensure a more efficient use of available financial resources. It is found out that the organizational and economic mechanism of the anti-crisis financial management of machine-building enterprises involves a combination of organizational and economic measures in the form of methods, instruments and levers aimed at preventing, minimizing, or eliminating external and internal threats to the enterprise’s operations. It is identified that modern management methods and the departure of strategy from the rigid boundaries of planning will enable machine-building companies to introduce an organizational-economic mechanism of the anti-crisis financial management. It is concluded that the formation and implementation of the organizational and economic mechanism of the anti-crisis financial management will help to prevent business-unfriendly phenomena, will eliminate temporary difficulties and save the market positions.

Keywords

• organizational and economic mechanism
• anti-crisis financial management
• enterprise
• machine-building