Financial transformation of enterprise management in modern conditions
Abstract. The article analyzes possibilities of financial transformation of management in the conditions of sanctions economic processes. An analysis of the financial transformation of the company management determined a concept of a comprehensive review of financial transformations that contribute to the neutralization of sanctions conditions using innovative and digital technologies for this. The basis for the development and improvement of activities in the modern world is the introduction of new technologies and products that contribute to a qualitative increase in the effectiveness of processes. An analysis of approaches to the transformation of activities during the period of sanctions was carried out using the example of large companies in the Russian Federation. The conclusion is formulated that in the future, overcoming emerging restrictions or adapting to them will form a new economic pole.
Keywords: innovation funding, financial transformation, economic sanctions, economic pole, capitalization and competitiveness of the enterprise, import substitution
Highlights:
♦ new economic conditions have an impact on enterprises and force them to look differently at the financial system for building organization management in the Russian Federation;
♦ the sustainability of the economic environment at the present stage depends to a greater extent on the implementation of innovative activities;
♦ under the current economic restrictions the transformational concept of management is one of the most important prerequisites for reducing risks and increasing the socio-economic efficiency for the development of enterprises with different ownership structures in various sectors of the economy;
♦ the mobility to the conditions of a changing external environment and the speed of adaptation to it is a key factor in the development of the economy of the Russian Federation;
♦ sanctions and their consequences lead to an imbalance in the economic interests of the owners of organizations, to a decrease in the quality of management. To the greatest extent, this affects companies that work with international counterparties, as well as legal entities with foreign participation.
Elena N. Sheremetyeva, Viacheslav B. Chemerchey - Samara State University of Economics, Samara, Russia