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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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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Why and who needs financial analysis
Defining the boundaries of financial sustainability of enterprises is one of the most important problems in a market economy. Inadequate financial stability may lead to a lack of funds to…

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Monthly Archives: December 2019

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Financing risks in theory and practice

When deciding on raising funds, the financial director should take into account what the bulk of the company’s fixed costs are connected with and what is the situation with interest payments. Otherwise, there is a risk of seriously undermining the financial stability and profitability of the business.

Financing structure issues are important for any manager with the right to make decisions on attracting loans or investments. They are one of the most difficult. Should I use borrowed capital or limit my own? If used, will a bank or private investor be a creditor? If this is a private investor, what conditions to offer him? Etc. Continue reading

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 make mistakes. Therefore, bottlenecks are important to identify and correct in time.

Usually, the company faces the question: how to make the budget management system (SBU) as efficient as possible? To do this, it is necessary to find out what the budget management system is, what is its purpose and the conditions for successful functioning. A systematic approach to this issue will help to avoid many errors in the formulation and improvement of the SBU in the company.

Typical mistakes made at enterprises when budgeting can be divided into: Continue reading

Why and who needs financial analysis

Defining the boundaries of financial sustainability of enterprises is one of the most important problems in a market economy. Inadequate financial stability may lead to a lack of funds to finance current or investment activities, while excessive financial stability will impede development, increasing the time of capital turnover and reducing profits. Justify the parameters of such sustainability allows financial analysis. It not only provides an opportunity to judge the situation of the enterprise at the moment, but also serves as the basis for developing strategic decisions that determine the prospects for the development of the company. Continue reading

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Business Optimization Based on Potential Assessment
Business - activity, the result of which is effectiveness and efficiency. Effectiveness - achieving goals in the external environment, obtaining market, financial, social results. It is expressed in revenue, income,…

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The difference and relationship of the concepts of "development" and "change"
Modern organizations operate in the face of constant change. Effective change management in the technical, economic, political, demographic and social spheres allows organizations to successfully adapt to the changing external…

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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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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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