Small business profit - its types and how to determine it.
After writing several articles on the effectiveness of small business, I received a letter from a reader asking what profit is in business. I believed that this question is so…

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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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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…

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The crisis of modern economic education

Dissatisfaction with modern economic education over the years has been deafeningly ripening at universities around the world. Finally, this discontent broke out. The media reported on an unprecedented event: at the University of Harvard (USA), the world citadel of training economists, financiers and managers, a strike of several hundred students was held in late November 2011 in the form of demonstrative withdrawal from the lecture. The lecture was delivered by Professor Gregory Mankyu as part of the Economics 10 course. The purpose of the strike is to protest against the bias of the course, its isolation from real life, the inability to form a critical and at the same time constructive attitude of the student towards economic realities. Continue reading

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 various development scenarios: optimistic, pessimistic, and most likely. Budgets do not prevent unforeseen situations in the future, but budgeting allows you to prepare for their solution.

Budgeting is a derivative of the goals and objectives of the company. Therefore, ensuring the connection of the company’s goals with financial planning and budgeting is an important task in the process of setting budget management in the company. Budgeting goals in a particular company can be determined only after setting the goals of the company and determining the direction of the company’s movement in their business. Continue reading

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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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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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…

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What makes us feel good about work?
What motivates you to work? Contrary to popular belief, this is not only money. But it is not only pleasure. It seems that most of us are thriving, constantly moving…

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