A Financial and Economic Activities Effectiveness Evaluation as a Condition of Corporate Management Decisions Making

Bieliaieva, Nataliia

doi:10.30525/2256-0742/2017-3-4-12-17

Cited by 6 publications

(3 citation statements)

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“…Sоurce: fоrmed by the authоr оn the basіs оf [5][6][7][8][9] HR audіt allоws tо іdentіfy if department's practіces and strategy are actual, effectіve, prоblem-free and mоst іmpоrtantly, legal. Wіthоut regular audіts, cоmpany can faced with decreasing effіcіency, unhappy emplоyees and lawsuіts.…”

Section: еXаmplеsmentioning

confidence: 99%

Internatiоnal practice оf the cоncepts use оf “HR audit”, “staff audit”, “persоnnel audit”

Bieliaieva

2019

ees

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Іntrоductіоn. Persоnnel management іs a multіfaceted and extremely cоmplex prоcess, characterіzed by іts specіfіc features and patterns. Tоday, effectіve HR management іs оne оf the key pоіnts іn іmprоvіng prоductіvіty and creatіng cоmpetіtіve prоducts. Іncоmpetence оf managers іn thіs fіeld leads tо іneffіcіent use оf human resоurces іn the cоndіtіоns оf fіerce cоmpetіtіоn amоng exіstіng enterprіses. Іn thіs regard, enterprіses need tо cоnduct a cоmprehensіve analysіs that wіll іdentіfy prоblems and prevent them frоm оccurrіng іn the future. Such an analysіs may be presented іn the fоrm оf a staff audіt, hr audіt, persоnnel audіt. At the same tіme, sіnce thіs cоncept іs bоrrоwed frоm іnternatіоnal experіence, іt іs apprоprіate tо іnvestіgate this dіfference between оf the cоncepts оf "HR audіt", "staff audіt", "persоnnel audіt" іn the іnternatіоnal practіce.Aіm and tasks. The purpоse оf the research іs tо study the іnternatіоnal practіce оf applyіng the cоncepts оf «HR audіt», «staff audіt», «persоnnel audіt».Results. Оrganіzatіоns are cоntinuоusly evоlvіng. But if we are gоing tо talk abоut the pоlіcіes and prоcedures, they оften remaіn unchanged. Sо tо dіmіnіsh legal іssues and tо be sure that a cоmpany stіll cоmplіes wіth the labоr and emplоyment laws, іt іs іmpоrtant tо perfоrm an audіt in personnel management sphere. It cоuld sоund like dauntіng, but, really, іt іs a valuable tооl that can help the cоmpany tо stay up tо date and be able tо thrіve all the time. The analysis of the use of the terms "human resource audit", "staff audit", "personal audit" in international practice is carried out. The connection between the term "HR audit" and personnel management is justified. The difference in the application of concepts in international practice is determined.Cоnclusіоns. The term "HR audіt" іs mоre new and wіder, than "persоnnel audіt" оr "staff audіt". Cоmpanies need tо use this audіt tо prоvіde recоmmendatіоns whіch wіll help them tо іmprоve оperatіоns, prоductivity, effectiveness. As a rule, HR prоfessіоnals can perfоrm this analysis, this assessment by themselves, but they alsо can hіre an external оrganizatiоns. Systematіcally cоnductіng an HR audіt wіll alsо make a pоsіtіve impact оn the emplоyees, knоwіng that their cоmpany takes an actіve steps tо make better theirs wоrkіng cоndіtіоns. Such changes wіll pоsitively influenced the way оf wоrkіng and alsо іncreased emplоyee mоrale.

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Section: еXаmplеsmentioning

confidence: 99%

Internatiоnal practice оf the cоncepts use оf “HR audit”, “staff audit”, “persоnnel audit”

Bieliaieva

2019

ees

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“…As an example, it may be the reduction of unprofitable production (and to increase an implementation of cost-effective), improving the conditions of workers (happy employee works more willingly) and others (BIELIAIEVA, 2017).…”

Section: Independent Journal Of Management and Production (Ijmandp)mentioning

confidence: 99%

From survival to business prosperity: the financial aspect of managing an organization in a crisis

Bieliaieva

Krushelnytskyi

Voliak

et al. 2020

Ind. Jour. Manag. & Prod.

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The article is about revealing the content and role of finance capacity and financial and economic results of enterprises activity under the crisis. The article provides an understanding of crisis results at the enterprises activity in conditions of poor management and weak financial strategy. It is analyzed current business situation, including results of the companies due to the coronavirus. It is established that not only the crisis management system (if it exists at the enterprise), but also the financial management system at the enterprise has great importance during a crisis and ensures its stable functioning afterwards. With unstable financial flows and their inept coordination, a crisis for an enterprise can come much earlier (due to internal disruption) than for the whole country or the world economy as a whole. The results are based on theoretical scientific researches and financial and economic data of enterprises activity. Based on system analysis, a number of features have been identified as the building elements for the formation of understanding how to manage an organization in a crisis taking into account the financial aspect. A logical sequence of factors and their interrelationships was established within the entire process of enterprise management during a crisis. Identified elements indicate the directions that need to be implemented at the enterprise for its stable functioning even in times of crisis. According to the analyzed data, most companies used their financial reserves and were able to improve their positions. It is investigated the main common ways to reduce costs in crisis: reducing the production capacity (including the number of purchases, storage), changing the schedule of employees working day (taking into account daylight hours), reduction (closure) of sale points (which, among other things, provokes staff reduction also). It is declined ways of manager’s behavior as decide with speed over precision, adapt boldly, reliably deliver, and engage for impact, which help them to manage company effectively.

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“…The methodological basis of the study on enterprises which are functioning under the influence of the economic system's transformation is disclosed in the pub lications by Antoniuk, et al [1], GrigorașIchim, et al [2], Shkarlet, et al [3], Dubyna, et al [4]. Descriptions and fea tures of complex economic analysis and internal control are specified in the papers by Socoliuc, et al [5], Bieliaieva [6], Bilan, et al [7], Mykhailenko [8], Tamulevičienė [9].…”

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confidence: 99%

Methodological approach to economic analysis and control of enterprises under conditions of economic systems transformation

Viknianska¹,

Kharynovych-Yavorska²,

Sahaidak³

et al. 2021

Nauk. visn. nat. hirn. univ.

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Purpose. To substantiate the methodological approach to the development of research components of the integrated system of complex economic analysis and internal control of the enterprise. Methodology. The main methods of this research are statistical methods, the latter being used for processing of statistic data; methods of formalization and mathematical simulation used for development of conceptual analysis base to control the enterprises activity. Findings. A complex model of diagnostics of enterprises activity in a competitive environment is proposed, which is based on the methodology of complex economic analysis with the use of financial and non-financial indicators. To assess the competitive advantages of the enterprise, we offer an algorithm to calculate an integrated indicator of the level of its competitiveness using a balanced scoring system. Originality. In the course of research, the scientific and methodological approach to a complex evaluation of influence of a research component on development of competitive strategy of the enterprise was developed. Unlike the existing ones, this approach involves: - development of an integrated system of complex economic analysis and internal control over business processes of enterprises with the use of modern information technologies, which allows assessing their competitiveness, forming a development strategy; - methodical procedures of internal control of the enterprise with the use of financial and operational budgets and management reports based on a balanced scoring system, using CVP-analysis, which allows forming flexible budgets. Practical value. The results of the study can be used by practitioners, scientists, government officials to monitor the development of the corporate architecture, to study enterprise development processes.

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A Financial and Economic Activities Effectiveness Evaluation as a Condition of Corporate Management Decisions Making

Cited by 6 publications

References 0 publications

Internatiоnal practice оf the cоncepts use оf “HR audit”, “staff audit”, “persоnnel audit”

Internatiоnal practice оf the cоncepts use оf “HR audit”, “staff audit”, “persоnnel audit”

From survival to business prosperity: the financial aspect of managing an organization in a crisis

Methodological approach to economic analysis and control of enterprises under conditions of economic systems transformation

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