NON-FORMALIZED METHODOLOGICAL APPROACHES IN SMALL BUSINESS FINANCIAL MANAGEMENT

Lyudmila Y. Filobokova (), Yuri Pesotsky () and Olga V. Grigoreva
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Lyudmila Y. Filobokova: N.E.Bauman Moscow State Technical University (National Research University), Moscow
Yuri Pesotsky: N.E.Bauman Moscow State Technical University (National Research University), Moscow
Olga V. Grigoreva: Moscow Institute of Steel and Alloys (National Research Technological University), Moscow

Polish Journal of Management Studies, 2016, vol. 13, issue 1, 59-68

Abstract: This paper covers on non-formalized methodological approaches to the assessment of economic and financial potential of small business developed and tested by authors, identification of its financial situation and type of financial stability, benchmarking instruments based on the use of systems approach methodology and rating assessment of working capital management condition, flow and efficiency as one of the fundamental factors of small business development. Based on the research of cyclic fluctuations and cycle-forming factors, a methodology was developed enabling to identify three types of economic situations of small business – sustainable growth, sustainable development, economic crisis.

Keywords: non-formalized methodological approaches; financial management tools; small business (search for similar items in EconPapers)
Date: 2016
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