Profit management of the company in modern conditions

DOI: 10.31673/2415-8089.2022.038692

Abstract

The article considers issues of profit management of the company. The interpretation of national authors about the nature of the notion of profit is summarized, which is the ultimate monetary value of industrial and financial activity. Ensuring the effective management of company’s performance leads to positive dynamics of profit, where the system of profit management plays a key role. The main directions of profit management in the company in modern conditions of managing are analyzed. A systematic approach for profit management in the company is described objectives and targets for profit management, as well as factors that affect the amount of profit (external, internal, extensive, intensive, taking part) are defined. The sources to increase the company’s profitability are suggested.

Key words: profit, profit formation, profit management, efficiency, management mechanism, profit planning, profitability.

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