Classification of methods of exposure to humans
In an organization between employees, not only interaction, communication, but also a process of employees' influence on each other occurs. Management of changes in the organization is faced with the…

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The main components of self-management
Self-education has as its goal the acquisition of knowledge and skills necessary to improve the quality of life. Self-education is an independent increase in knowledge, exaltation in mastery: the more…

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COLLECTIVE CONSCIOUSNESS: about the eBay founder’s foundation
How impact investments, venture philanthropy and flexible capital change the world, says Elena Boytsun, Investment Director, Central and Eastern Europe, Omidyar Group. Four years ago, I had a unique opportunity…

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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 economic model that could protect business, investors, employees and society from a series of subsequent deeper crises.

Currently, for the purposes of many companies, short-term benefits often prevail over the long-term goals of improving society’s life, by launching mechanisms that are more risk-aggressive in business behavior and decision-making models. This cannot but lead to market instability of a scale that threatens entire industries and economies. One aspect of criticism of this corporate reporting model is that it does not currently pay enough attention to factors such as risk, strategy, oversight, and the sustainability of an enterprise’s business model. Continue reading

Using the “80 to 20” Principle in Business

Almost everyone in his personal life and business spends time, energy and money on things that are indirectly related to our happiness and values ​​for others. Learn to attach importance to those few people and events that give meaning to life and provide maximum income.

What do language, cinema and the Internet have in common? Perhaps a lot, but one key similarity is that all of these are pronounced examples of the exceptionally useful law of force, which always indicates where more can be obtained for less.

In 2004, two Xerox researchers found that most of the traffic on the World Wide Web was controlled by a small percentage of sites: 119 sites — less than one-tenth of 1 percent — accounted for 32 percent of all visits. 5 percent of the sites selected for the study 6000 accounted for 75 percent of visits. Continue reading

Synchronization of management and financial accounting

In the past few years, more and more financial directors have been thinking about the issue of transferring management accounting and reporting of their enterprise to IFRS or at least the maximum approximation (if not complete convergence) of management and financial accounting.

How appropriate is this synchronization for the company?

With financial accounting, everything is more or less clear – it is generally accepted that it is a process of collecting, processing, aggregating, classifying and transmitting information about the financial situation of an enterprise and its results for a certain reporting period to external users in order to make economic decisions. Continue reading

Using the “80 to 20” Principle in Business
Almost everyone in his personal life and business spends time, energy and money on things that are indirectly related to our happiness and values ​​for others. Learn to attach importance…

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Monitoring and control of the change process
Leaders have at their disposal a variety of methods of intervention, with which they are able to facilitate the development and changes in individuals, groups and organizations. It is knowledge…

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Improving financial literacy of the population: international experience and Russian practice
The financial aspect affects almost all spheres of life of a modern person. Financial literacy provides an opportunity to manage your financial well-being. The lack of basic financial knowledge and…

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Typical Budgeting Mistakes
For modern companies, the urgent task is the introduction and development of a budget management system. However, even in those firms where the budgeting process is sufficiently developed, employees often…

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