The use of financial analysis in the formation of economic development strategies for small and medium-sized enterprises within cluster structures

Special attention is given to the cluster-based approach as a source of synergy that enables resource optimization, effective interaction among cluster participants, and improved adaptability to external environmental changes. Methodological recommendations are proposed for integrating financial analysis data into the strategic planning process, along with an outline of prospects for improving analytical tools considering digital technologies and modern trends in financial management. The results of the study can be utilized by SME managers, cluster participants, economists, financial analysts, as well as in the development of regional programs supporting small and medium-sized business.