Development of a Mechanism of the Formation of Strategies for Management of the Banking System in Ukraine

Journal Title: Бізнес Інформ - Year 2014, Vol 11, Issue 0

Abstract

The article is aimed at necessary substantiation of concept of mechanism of the formation of strategies for management of banking system, definition of its component elements, principles and basic principles of functioning. A mechanism of the formation of strategies for management of the banking system is to be understood as totality of objectives, subjects, objects, methods, and tools for the strategic management of banking system, directed to making of complementary decisions related to selection of norms, guides, trends, tools, and rules that ensure effective management of backbone and interrelated components of the system. The following main structural components of a mechanism of the formation of strategies for management of the banking system were determined: objectives, subjects, objects, methods, tools, and the relationships between them as well as level of interaction that forms the mechanism as a holistic model which includes the ability to maintain its properties and the continuity of operations, despite external and internal changes. Basic principles of a mechanism of the formation of strategies for management of the banking system were defined. For the purpose of clear division of responsibilities in developing a mechanism of the formation of strategies for management of the banking system blocks with the corresponding structural elements were allocated in the proposed mechanism. Each block of the mechanism consists of particular elements, which, in turn, subordinate to and determine the content of a given block.

Authors and Affiliations

Lesya Dmitrishin, Ivan Blahun

Keywords

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  • EP ID EP158367
  • DOI -
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How To Cite

Lesya Dmitrishin, Ivan Blahun (2014). Development of a Mechanism of the Formation of Strategies for Management of the Banking System in Ukraine. Бізнес Інформ, 11(0), 238-245. https://europub.co.uk./articles/-A-158367