Methodical basis of finansial planning of the enterprise's external economic activities

Lapina Iryna
Candidate of Economic Sciences, Associate professor, Associate Professor of the Department of Financial Management and the Stock Market, Odesa National University of Economics, Odesa, E-mail:irina.s.lapina@gmail.com, ORCID ID: https://orcid.org/0000-0002-1946-1873

Kravchenko Oksana
Candidate of Economic Sciences, Associate Professor of the Department of International Management and Innovation, Odesa Polytechnic National University, Odessa, E-mail: o.m.kravchenko@mzeid.in, ORCID ID: https://orcid.org/0000-0002-3389-3218

Kula Maryna
Candidate of Economic Sciences, Associate Professor of the Department of Economics, Odesa Polytechnic National University, Odessa, E-mail: marinakula82@gmail.com, ORCID ID: https://orcid.org/0000-0002-1060-3687

Cite this article:

Lapina I., Kravchenko O., Kula M. (2023) Methodical basis of finansial planning of the enterprise's external economic activities. Ed.: V.V. Kovalenko (ed.-in-ch.) and others [Metodychni osnovy finansovoho planuvannia zovnishnoekonomichnoi diialnosti pidpryiemstva; za red.: V.V. Kovalenko (gol. red.)], Scientific Bulletin of the Odessa National Economic University (ISSN 2313-4569), Odessa National Economics University, Odessa, No. 7-8 (308-309), pp. 86-97.

Abstract

The article is devoted to systematization of methodical bases of financial planning of foreign economic activity of the enterprise as a component of management process. The principles of foreign economic activity planning in the context of strategic planning were considered, among which were: purposefulness, alternativeness, globality, consistency, continuity, realism, quantitative and qualitative certainty, long-term, efficiency and social orientation. A schematic model of foreign economic activity planning is presented, which demonstrates the priority of determining planning goals. Such levels of planning of foreign economic activity of the enterprise as strategic, current, and tactical were analyzed. Systematized internal and external factors influencing the financial planning of foreign economic activity, which together affect to some extent the foreign economic potential of the company. The direction of planning of foreign economic activity depends on them. The stages of formation of the strategy of foreign economic activity are considered, among which: formation of the strategy of foreign economic activity; identification of the purpose and main goals of foreign economic activity of the enterprise; strategic analysis; modeling scenarios of probable development of events; introduction into practice of the company's activity of the most effective alternative; formation of a strategic plan of foreign economic activity; development of tactical plans; preparation for implementation; organization of implementation of the selected strategy; evaluation in practice of the chosen strategy and control over its implementation. The stages of the process of planning the foreign economic activity of the enterprise are considered separately, among which are: setting goals; collection and processing of necessary information; implementation of forecasts; development and substantiation of planning methods; formation of a model for planning foreign economic activity. It was concluded that the planning of foreign economic activity should be an integral part of the management process in the enterprise, hoping for its presence in the international market.

Keywords

financial planning, foreign economic activity, financial planning of foreign economic activity, strategic planning, current planning, operative planning.

JEL classification: G300, G320, M210; DOI: 10.32680/2409-9260-2023-7-8-308-309-86-97

UD classification: 338.2:339

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