SPECIFIC FEATURES OF THE APPLICATION OF ADMINISTRATIVE MANAGEMENT TOOLS IN THE SYSTEM OF PUBLIC AND BUSINESS FINANCE

Abstract

The article examines the tools of administrative management within the system of public and business finance. Administrative management is characterized by such key features as the formalization of management processes (clear instructions, rules, and regulations), a hierarchical management structure (division of authority and responsibility), rationality and efficiency in decision-making, and coordination of actions among organizational units. In the financial sphere, administrative management performs important functions that ensure effective management of financial flows, risks, and resources. A wide range of administrative management tools enables effective coordination, implementation of managerial decisions, and the achievement of strategic goals. The toolkit is sufficiently diverse, providing both form and functional load depending on the specific sector (public or private) in which it is applied. At the same time, many tools can be mutually adapted by taking into account best management practices. Challenges to the effectiveness of administrative management tools in a dynamic environment are identified. It is established that administrative management ensures control and accountability of individuals involved in financial governance, as well as the effective operation of internal financial control systems. Under current conditions of socio-economic transformation, the effective application of administrative management instruments in public and business finance systems is of particular importance. Successful international practices of administrative management in both the public sector and financial structures of the business sector are analyzed. It is emphasized that administrative management is an integral component of efficient financial governance in both the public and private sectors, providing a systematic approach to planning, organization, motivation, and control of financial processes. Effective administrative management in the financial domain depends on the ability to integrate best practices, institutional maturity, and flexible management structures. Successful cases demonstrate that strategic orientation, transparency, and digitalization are key factors for effective administration in both state and business sectors.