Financial Planning Industry Features: a Consulting Company Case

Student: Kristina Golubkova

Supervisor:

Faculty: St.Petersburg School of Economics and Management

Educational Programme: International Business and Management Studies (Bachelor)

Year of Graduation: 2024

This bachelor's thesis addresses the pressing financial challenges encountered by Consulting Solutions, focusing on optimizing cash flow management and enhancing overall financial performance within the unique landscape of Russian enterprises. Employing a combination of qualitative and quantitative analyses, this study identifies key insights and develops practical recommendations tailored to Consulting Solutions' specific needs. Through an in-depth assessment of the company's financial situation, specific challenges related to cash flow management and financial performance are identified. Financial modelling and analysis reveal opportunities for streamlining cash flow management processes and improving overall financial efficiency. The development of a comprehensive financial plan serves as a roadmap for implementing strategic actions to overcome these challenges. Importantly, the study uncovers that financial difficulties can sometimes be attributed to factors beyond sales volumes, such as inefficient remuneration policies. Theoretical contributions lie in the application of financial management principles within the Russian business context, advancing understanding of effective financial management practices in this setting. Furthermore, the managerial implications extend beyond Consulting Solutions, offering potential benefits to other firms operating in similar contexts. While acknowledging the limitations of the study, including its specificity to Consulting Solutions and potential methodological constraints, avenues for future research are proposed. These include exploring specific aspects of financial management in Russian enterprises and conducting longitudinal studies to assess the long-term impact of financial strategies on firm performance. Overall, this thesis contributes to the discourse on financial management practices in Russian enterprises, providing practical insights for achieving sustainable growth and competitiveness in dynamic market environments.

Student Theses at HSE must be completed in accordance with the University Rules and regulations specified by each educational programme.

Summaries of all theses must be published and made freely available on the HSE website.

The full text of a thesis can be published in open access on the HSE website only if the authoring student (copyright holder) agrees, or, if the thesis was written by a team of students, if all the co-authors (copyright holders) agree. After a thesis is published on the HSE website, it obtains the status of an online publication.

Student theses are objects of copyright and their use is subject to limitations in accordance with the Russian Federation’s law on intellectual property.

In the event that a thesis is quoted or otherwise used, reference to the author’s name and the source of quotation is required.

Search all student theses