General algorithm for work to reduce costs
This algorithm is universal regardless of whether the cost reduction is carried out as a one-time project or as a regular process; the difference will be in the intricacies of…

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The problem of the interaction of technological and economic transformations
The article discusses issues related to the paradigm of independent research of technological and economic transformations. The author comes to the conclusion that in modern conditions the technological innovation process…

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Integration of company goals with budgeting
As a budget planning tool, managers can anticipate possible problems in the development of a company or business and find ways to solve them. These trends should be predicted in…

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property

CONTROL PACKAGE: how to maintain control over the board of directors and why it is important

For you, as a founder, it is of utmost importance to maintain control of the company. Therefore, it is extremely important at an early stage to pay attention to corporate governance issues, especially the composition of the board of directors. This will help to give out cards in your favor before any subsequent rounds of financing, when investors show interest. If you do not think about the issue of corporate governance in advance, this can be detrimental. Having lost control of the board of directors, you can hardly restore it.
Fortunately, founders can rely on several legal strategies to maintain control over their advice and companies. The extent to which they will apply these strategies will depend on their familiarity with them and on their use in fundraising negotiations. Continue reading

Founder of the automobile holding Almaz Group, about 6 myths of the automotive industry, its future and the life of retailers

Even after 25 years in the auto business, I try to look at the world with wide eyes. Change has become the essence of our lives, so we need to relate to it, bypassing four of the five stages of adoption. Denial, anger, bargaining, depression? Forget it! All this is a waste of time, for which more efficient competitors will go forward.

Myth 1. Automotive industry is booming.

At first glance, the automotive industry is booming: every year, manufacturers launch hundreds of new products on the market, and the technology itself is becoming more sophisticated.

However, there is a flip side to the coin: overproduction, a decline in interest in car ownership by young people of generations Z and Y, a hypothetical transition to autonomous control, which will fundamentally change the attitude of consumers towards cars. Continue reading

How to reduce salary costs in a small business.

Labor productivity.
As I already wrote, you can use both direct and reverse indicators of labor intensity. But many businesses instead of these indicators use a direct indicator – labor productivity and this is limited. In most cases, this may be sufficient. But to assess the impact of salary costs on the overall performance of small businesses, this indicator alone is not enough, and relative indicators should be used.

Labor productivity is a very important indicator. It can be determined for each employee of the business, and for its units. In a small business, for simplicity, you can use the average labor productivity of a small business as a whole. It is defined as the ratio of the cost of production produced over a certain period of time by the business to the number of workers producing it. Those. it is determined how much production in monetary terms each small business employee produces, for example, for a month (or for another period of time). By comparing these indicators, for example, on a monthly basis, you can track whether business workers are working better or worse. Continue reading

Integrated Reporting - A New Reporting Model for Business
The concept of integrated reporting has recently occupied the first pages of professional publications in the world of accounting. The global financial crisis has revealed the need for a new…

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Economic Crimes
Economic crimes are part of mercenary crime directly related to economic relations in the country and in the world. Understanding of this group of acts is even more uncertain than…

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Technological innovation and manufacturing costs
In a modern market economy, the enterprise management environment should be the economic environment. This is due to the fact that the organization and the enterprise are economic categories that…

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Economic Crimes
Economic crimes are part of mercenary crime directly related to economic relations in the country and in the world. Understanding of this group of acts is even more uncertain than…

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