Formation of the profit management system of the enterprise: an innovative approach

Abstract

The article proposes an innovative approach to the formation of the company’s profit management system, which will help achieve effective results and ensure competitiveness. It has been proven that profit management is one of the key aspects of the successful operation of any enterprise. Ensuring a stable and growing level of profit becomes a challenge in today’s business environment characterized by constant changes and competitive pressure. The article analyzes modern trends in profit management, including the role of strategic planning, cost and profitability analysis, risk management, and the implementation of innovative approaches. The main components of an innovative approach to profit management are considered, including the introduction of new technologies and processes, the creation of new products and services, the optimization of costs and the provision of effective control. Special attention is paid to the consideration of tools and methods that can be used to form a profit management system at the enterprise. It is proposed to use a balance sheet approach that takes into account not only financial indicators, but also intangible assets, customer base and other factors. In addition, profit forecasting models are considered, which allow accurate estimations and planning of future results. Specific examples of successful implementation of an innovative approach to profit management at various enterprises are considered, as well as case studies of companies that were able to achieve significant improvements in their financial indicators due to the implementation of new strategies and profit management tools. In order for the company’s management to be ready for the implementation of new strategies and tools, it is recommended to use modern information technologies for data collection and analysis. The article proposes an innovative approach to the formation of the company’s profit management system, which will ensure its stability and competitiveness in the market. The implementation of new strategies, tools and technologies will allow to achieve effective profit management, as well as to ensure the growth and development of the enterprise in the modern business environment.