The benefits and costs of economic growth
Most governments aim for high rates of economic growth, believing that this will lead their countries to higher living standards. In pursuing monetary policy, the government is trying to influence…

Continue reading →

HOW TO BUILD A FINANCIAL BRIDGE IN CIVILIZATION
Strange creatures are people ... They always want what is inaccessible. And when at last there is an opportunity to get what you want, interest instantly fades away and it…

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…

Continue reading →

consent of the people

How to evaluate a business plan for long-term development

Targets and goals
Strange as it may seem, this part of the business plan is analyzed at the very end and is the quintessence of everything described below. It should occupy one or two pages, no more. It is in this section that answers to the key questions raised in the annotation.

Where are we. General direction market in the Russian Federation
A table with data on the entire market is relevant here, and not only for those product groups (TG) that you have in stock. At the same time, the market position should be reflected both in past periods (ideally for the previous 5 years) and for the period covered by the business plan, which is a long-term document (developed at least 5 years in advance). This is done in order to understand the dynamics of the market, as well as the potential for the introduction of new TG. Continue reading

Common mistakes made by managers

Question: “It seems to me that we have thought through the process of change to the smallest detail, but already at the first stages of the implementation of the plan we ran into serious problems …”

ERROR: Any change must begin with a diagnosis. This stage is essentially a starting point and is associated with an accurate determination of which change is necessary and desirable. That is why the actions taken at this stage need to be given sufficient time and attention. In many organizations, the diagnostic phase is often overlooked or done poorly, which almost guarantees the failure of subsequent stages of the process. The consequences of this approach are obvious: a planned change crashes and is not implemented, or leads to disastrous results. If this is the case in your situation, then it is most reasonable to return to the beginning of the process and properly diagnose. Continue reading

Free Business Game "Your Start" - Entrepreneurship Course
According to Edgar Dale's learning cone, the most effective learning is to simulate or perform a real action. It gives 90% of the result, compared, for example, with lectures, videos…

...

The Great Crises: The Great Rise of the 1850s
The economic recovery of England had a beneficial effect on the countries of Europe. From the middle of 1849, the industry of Germany and France began to operate. At the…

...

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…

...

What is small business profitability?
Profitability - this term is heard by almost every adult. But not everyone understands what this term means. Not even all businessmen can explain this term. After starting to publish…

...