THE ESSENCE AND PURPOSE OF FINANCIAL STRATEGY DEVELOPMENT AS A MEANS TO ENSURE THE DEVELOPMENT OF THE ORGANIZATION

Ilhomjon Qodirov

Authors

 

Rahmonqulova L.Z. – Lecturer, Department of Finance and Credit, Polytechnic Institute of Tajik Technical University, Khujand, Republic of Tajikistan, Lola.rahmonqulova@mail.ru

 

Annotation

 

The article discusses the concept and purpose of a financial strategy, the need for its development in the organization’s activities and the stages of developing a financial strategy. The possibilities of using financial strategy in the organization’s activities have been substantiated: general and financial implementation of long-term goals of economic and social development of the organization, evaluation of its financial capabilities, determination of priorities of the organization’s financial activities in comparison with other organizations and deep interrelation between strategic, current and operational management of the organization’s financial activities. The significant difference between financial strategy and financial planning is defined as the use of key data from the analysis of trends in the market environment, i.e. the implementation of the planning process “from future to present”.

 

Key words

 

strategic management, financial strategy, long-term goals, economic development, social development of the organization, financial potential, operational management, current management, financial activities

 

References

 

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Publication date

2023-10-26