Analysis and evaluation of the organization`s activities based on strategic analysis data

Abstract

Purpose: the article analyzes and evaluates the activities of the organization of the energy industry. The analysis of the financial condition of the economic entity was carried out according to the three selected stages and its state was made. The purpose of the study is to conduct a strategic analysis of the organization’s activities and assess its financial situation. This is necessary to determine the main problems of the organization’s activities. Discussion: among the main tasks of strategic analysis is the assessment of the main indicators of the financial condition of the organization in order to strengthen financial stability and solvency. Methodological support for such an assessment should be developed in relation to a specific economic entity. Changes in legislation, accounting and reporting standards, the complexity of forecasting the socio-economic situation in the country and in the world, as well as financial risks in all spheres of the economy, leads to the need for constant updating of relevant methodological approaches. In addition to analysts, such an analysis should be carried out by persons assessing the financial condition of an economic entity, because getting an idea of an entity’s financial performance is fundamental to the interpretation of financial statements. Results: as a result of the conducted research, the author comes to the conclusion that the financial management system of the organization is effective and the organization should adhere to the strategy of maintaining its position in the market and retaining market share in the industry.