Investing operational management solutions with the use of lending

Abstract

The article defines an approach to the implementation of investment decisions of operational management in the context of strategic and tactical development of the enterprise's operating system. The purpose of the study is to form an algorithm for making a management decision regarding the investment of strategic and tactical projects of operational management using credit sources of financing. It is proposed to consider the following stages of developing operational decisions: determining the goal and objectives of the operational strategy; specifying tasks (coordination with general corporate strategic objectives); substantiating the criteria for making operational decisions; generating options for operational decisions; analysing alternative options for operational decisions; selecting the best options and forming a list of those accepted for implementation of operational decisions; searching for credit institutions, clarifying the terms of lending; forming a financing structure for operational decisions, substantiating the choice of lending options; concluding credit agreements; implementing operational decisions; monitoring the implementation of operational decisions, making adjustments; assessing the actual results of implementing implemented operational decisions. It is proposed to consider the analysis of operational management decisions in the context of strategic and tactical operational decisions, since financing their implementation requires attracting loans of different terms of use. The investment project program adopted for consideration took into account the adoption of a strategic decision on the commissioning of new equipment and the justification of a tactical decision on the expansion of the supply system of material resources for the updated range of the enterprise. Within the framework of consideration of options for the formation of the financial structure of capital (ratio of shares of own and loan funds), the indicator of the financial leverage effect was studied. Based on the results of the study, a conclusion was made regarding the increase in the efficiency of the processes of integrating operational and financial management, strengthening the requirements for adapting lending conditions to the needs of a specific organization.