Improvement of the Financial Management System of Industrial Enterprises on the Basis of Implementing Value-based Management

The article is devoted to substantiating the need to improve the financial management system of industrial enterprises on the basis of value-based management. The key elements of the financial management system and their interaction are studied. The main problematic aspects of the financial management system of domestic industrial enterprises are identified. The need for the transformation of financial management with an orientation towards maximizing market value, which is achieved by implementing value-based management (Value-Based Management, VBM), is considered. The main tools and mechanisms that contribute to the implementation of the VBM concept are studied. Ways of adapting these tools to the business environment are proposed to increase the sustainability and competitiveness of enterprises.