Analysis of the Company’s Activities as an Open Economic System in order to Form a Financial Strategy

Abstract:

In any country the company is a leading role in the development of the economy, where the production (services), as well as the direct connection of the employee with the tools and objects of labor. In market conditions, the company is an independent economic unit, because it operates on the principles of organizational, administrative and economic independence. Traditionally, entrepreneurial activity is aimed at making a profit. The foundations of the theory of entrepreneurship were laid by A. Smith, and then by I. Schumpeter, F. Hayek and others. Smith as the owner was considered the owner. In the second half of the 20th century, production management became more complicated, and the transition from regional and national markets to the world market increased the role of professional managers, who are not the owners, at least sole proprietors, of the respective firms. Share managed their property amounts to date, 80-90%.

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