Strategic Control as a Tool of Effective Management of Region’s Economy

Abstract

Purpose: The purpose of the article is to determine the role and position of strategic control in the process of target planning of socio-economic development of national economy. The purpose of the research predetermined the following tasks: Determining peculiarities of strategic management of regional economic system, determining the elements of management system, determining the role of state control in the system of strategic management of region, and forming the model of target management and control. The system of regional strategic management is viewed and analyzed from the positions of institutional economy. The article presents the proprietary model of Institutes of regional management and control. The authors emphasize the role of state control at the stages of target planning and study its functions in the proprietary model. Methodology: The authors use the methods of graphic presentation of information, statistical analysis of data, financial analysis, trend analysis, comparison, and systematization. Results: Evaluation of the peculiarities of modern development of the system of regional management and problems of transition to target planning became a basis for forming a model of target regional management and control. The role of strategic control was determined at all stages of planning and management of regional economic system. Conclusions on significance of the control function and its main component are made. Recommendations: The studied directions of development and establishment of strategic control in the conditions of transition to target methods of management by regional economic systems are presented as necessary tools for specifying and increasing the efficiency of planned target indicators. Control at all stages of target planning allows for quick correction of implemented measures and programs. Besides, control at the last stage of planning and implementation of measures allows specifying indicators for a new planned period.