The application of process-based approach for financial structure construction

Abstract

An effective system of activity planning, company’s resource and potential measuring is an indispensible condition for realization of company’s strategic aims amidst dynamic business environment. Development of company’s financial structure serves as a basis of company’s division activity coordination for the benefit of unitary resulting effect.

The notion of financial structure as a tool of company management by delegation of authorities and substitution of administrative approaches for economic ones (business unit management) is common in economic and scientific literature. In given article the author presents a financial structure as a tool of combined process-based company management system. The aim of present article is the development of theoretical basis for construction of financial structure of a large multi-field enterprise in service industry, which will provide an opportunity of effective financial management both for independent business processes and the company on the whole.

The result of the article is an author-developed construction scheme for financial structure as a part of combined management model for an enterprise in service industry with company management process-based approach as a conceptual basis.