Economics and Business Management

Increasing the effectiveness of managerial decisions that are taken on the basis of monitoring data requires their analytical processing. Study of special literature shows that most authors consider the terms "monitoring" and "analysis" as independent concepts, and accordingly, their conduct does not coincide in me. This approach reduces the quality of management information preparation and leads to an untimely response of management subjects to emerging situations/problems. The article highlights the results of a scientific search for the definition of the essence of the concept of "analytical monitoring," which, according to the authors, systematically combines two integrating subsystems: the smallest data source and analytical management function. Consequently, analytical monitoring can be considered a holistic, structurally and functionally balanced process based on the synthesis of knowledge and practical skills of employees involved in the collection of credentials, IT specialists, analysts, and managers, which allows for the development of system-institutional and organizational-legal measures that, based on relevant information and weak signals, help to timely identify and evaluate actual and, to some extent, possible changes in the parameters of the management objects and to take preventive management decisions aimed at minimizing risks from their implementation and maximizing the performance of enterprises

monitoring; supervision; accounting; control; audit; analytical activity; management; factors; indicators; principles; procedures