Akademik Məlumat İdarəetmə Sistemi
İnternational Conference on Global Practice of Multidisciplinary Scientific Studies held on 6-8 march 2022 Turkish Republic of Northeren Cyprus., 6 - 08 March 2022, no.5, pp.1687-1702, (Full Text)
The strength of a country's economy depends on the level of development of its sectors
and even the strength of each economic entity, enterprise and organization individually. The
more dynamic and stable each enterprise develops in the direction of its activity, the stronger
the specific area in which it operates. The success of any business depends on many factors.
One of them is the management of the financial stability of the enterprise. Sustainable
development is one of the most important conditions for an enterprise in market conditions
required by market laws. If an enterprise does not have sustainable development, it will not
be able to compete in the market and will go bankrupt. If an enterprise is competitive and
wants to work for long-term plans, it must ensure its sustainable development. At the present
stage of development of market relations, innovations are a recognized factor in economic
growth and increasing the competitiveness of domestic enterprises. The involvement of
innovative developments in the economic turnover helps to accelerate the technological
development of industry, the promotion of progressive high-tech products, as a result,
provides effective strategic sustainable development of enterprises.
Purpose of the article: Analysis and assessment of the current state of financial
sustainability management of the enterprise; Identification of innovative methods as a way to
improve the financial sustainability of the enterprise;
Methods: system analysis, induction and deduction, comparison, forecasting.
Findings & Value added During the research, theoretical and practical
recommendations were given in connection with the features of modern application of
financial resources and the directions of innovative development of application in ensuring
sustainable development of production enterprises in modern economic conditions. The
methods and models obtained as a result of the research carried out are of practical
importance in solving the problem.