Management of Financial and Economic Results of Enterprises in the IT Sector
Panchenko V. A.

Panchenko, Volodymyr A. (2023) “Management of Financial and Economic Results of Enterprises in the IT Sector.” The Problems of Economy 1:105–110.
https://doi.org/10.32983/2222-0712-2023-1-105-110

Section: Economics and Enterprise Management

UDC 657.6:334.711

Abstract:
The article substantiates the general scientific basis for managing the financial and economic results of IT sector enterprises as a system of objective economic laws that determine the characteristics of the enterprises’ activities, taking into account the state and trends of the market, competition, macroeconomic development of the country, etc. Considerable attention is paid to determining the interrelationships between the management of financial and economic results and resource provision of IT enterprises. The author analyzes scientific publications and concludes that the study of financial and economic performance of enterprises in the IT sector is associated with the characteristics of the State regulation of the economy and the industry, countering risks and threats, ensuring economic security and competitiveness. It is emphasized that there are immense number of approaches to managing financial and economic results, and on this basis, those according to which it is possible to reliably substantiate the peculiarities of the activities of IT sector enterprises are allocated - i. e., system, process, situational, economic, ideological approaches. It is concluded that a properly chosen approach to management is the primary result of the activities of enterprises in the IT sector and at the same time an effective tool for ensuring and increasing the expected level of financial and economic performance. It is proved that the management of financial and economic results is not a separate process, but it forms an active part of the overall management system of an IT enterprise. The instrumentarium for managing the financial and economic results of enterprises in the IT sector is defined, taking into account the directions of their formation and use. Proceeding from the fact that the management of financial and economic results of IT sector enterprises allows to form the necessary resources to solve the problems of tactical and strategic development, the basic requirements for its formation and further improvement are allocated.

Keywords: management, financial and economic results, enterprises in the IT sector, improvement, formation, use.

Fig.: 2. Bibl.: 14.

Panchenko Volodymyr A. – Doctor of Sciences (Economics), Professor, Head of the Department, Department of Management and Entrepreneurship, Volodymyr Vynnychenko Central Ukrainian State University (1 Shevchenka Str., Kropyvnytskyi, Kirovohrad region, 25006, Ukraine)
Email: mails@cuspu.edu.ua

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