Financial features of sustainability of small construction companies

2019 ◽  
Author(s):  
Наталья Морозко ◽  
Natal'ya Morozko ◽  
Валентина Диденко ◽  
Valyentina Didyenko
Keyword(s):  
Financial Management ◽  
Small Firms ◽  
Additional Risk ◽  
Small Organizations ◽  
Construction Companies ◽  
Financial Condition ◽  
Construction Organizations ◽  
Rational Management ◽  
Construction Organization ◽  
Stable Development

The paper discusses the features of the functioning of small organizations in construction, taking into account unstable conditions. The development of small business in construction at the present stage. The analysis of the financial condition of small organizations of the construction complex. Identified financial methods to ensure the sustainability of the functioning of small construction organizations. The stable development of a small organization under conditions of additional risk is argued. The need for early diagnosis of crisis situations in the activities of a small construction organization is emphasized. The publication is intended for students, graduate students, studying the issues of financial management, as well as professionals and managers of small firms who need to make rational management decisions.

scholarly journals Modeling of Management Processes of Construction Company Business for Increase in its Competitive Stability

2019 ◽  
Vol 5 (1) ◽  
pp. 246
Author(s):  
Vladimir Evgenievich Bazanov
Keyword(s):  
Mathematical Model ◽  
System Analysis ◽  
A Priori ◽  
Identification Algorithm ◽  
Construction Company ◽  
Construction Companies ◽  
Construction Organizations ◽  
Stability Rating ◽  
Construction Organization ◽  
Smart Technologies

The construction organizations lack adaptive infrastructure. It is required to use more intensively SMART-technologies of design and construction. Purposes of this article: a) the system analysis of categories "competitiveness", "stability", "rating of the company" for the construction organizations; b) to construct and investigate economic and mathematical model of competitiveness of the construction organization; c) to determine parameters of self-organization of construction company; d) to construct an identification algorithm for model. These new tasks also answer the purposes of modern construction business, problems of forecasting of its development. Using methods of the system analysis and modeling, in work three levels of the analysis of construction business are considered: macrolevel (level of the state), mesolevel (level of the region) and microlevel (level of the company). For example, 10 various classes of competitiveness of construction companies are offered. It improves the classification used traditionally. The new economic and mathematical model on the basis of production functions of type of Cobb-Douglas is constructed. The algorithm of its identification on the basis of situational scenarios is also developed. The algorithm finds parameters which will allow to define competitiveness of construction company a priori. The offered research has a development, for example, is possible to use for the forecast of adaptation of the enterprise.

Financial management in small business

2017 ◽  
Author(s):  
Natalya Morozko ◽  
Valyentina Didyenko
Keyword(s):  
Small Business ◽  
Financial Services ◽  
Financial Management ◽  
Financial Stability ◽  
Federal State ◽  
Financial Policy ◽  
Small Organizations ◽  
Educational Standard ◽  
Rational Management ◽  
State Educational

The textbook describes the main provisions of the financial policy of the organization. The features of small business functioning in Russia are highlighted. The problems of formation of financial resources of small organizations, insolvency of organizations, the financial equivalent of the security of small business functioning are revealed. The methods of financial management in small business, the provisions of the mechanism for ensuring financial stability of small organizations are considered in detail. The main directions of financial management for organizing the functioning of small organizations in the conditions of diversified financial services are systematically defined. Meets the requirements of the Federal state educational standard of higher education of the latest generation. For students and postgraduates studying financial management, as well as specialists and managers of organizations that need to make rational management decisions.

Modeling And Optimization Of The Construction Organization's Production Program

2020 ◽  
pp. 49-56
Keyword(s):  
Software Package ◽  
Target Function ◽  
Optimization Models ◽  
Labor Resource ◽  
Production Program ◽  
Construction Organizations ◽  
Source Data ◽  
Labor Resources ◽  
Construction Organization ◽  
Planning Production

In the article, the author considers the problems of complex algorithmization and systematization of approaches to optimizing the work plans of construction organizations (calendar plans) using various modern tools, including, for example, evolutionary algorithms for "conscious" enumeration of options for solving a target function from an array of possible constraints for a given nomenclature. Various typical schemes for modeling the processes of distribution of labor resources between objects of the production program are given, taking into account the array of source data. This data includes the possibility of using the material and technical supply base (delivery, storage, packaging) as a temporary container for placing the labor resource in case of released capacity, quantitative and qualification composition of the initial labor resource, the properties of the construction organization as a counterparty in the contract system with the customer of construction and installation works etc. A conceptual algorithm is formed that is the basis of the software package for operational harmonization of the production program ( work plans) in accordance with the loading of production units, the released capacities of labor resources and other conditions stipulated by the model. The application of the proposed algorithm is most convenient for a set of objects, which determines the relevance of its implementation in optimization models when planning production programs of building organizations that contain several objects distributed over a time scale.

DIRECTIONS FOR DEVELOPMENT OF ANTI-CRISIS FINANCIAL MANAGEMENT

2017 ◽  
Author(s):  
Liubov Iarova ◽  
Keyword(s):  
Financial Management ◽  
Financial Stability ◽  
Enterprise Management ◽  
Factors Affecting ◽  
Financial Condition ◽  
Flexible Response ◽  
Relevant Topic ◽  
Potential Risks ◽  
Negative Factors ◽  
Theoretical Foundations

For continuous performance, enterprises should not only take into account potential risks and existing negative factors, but also develop methods and principles that allow timely and flexible response to crisis occurrences, as well as determine the recovery stages in an already deteriorated financial condition. Given tasks are solved by anti-crisis financial management, designed to increase the efficiency of enterprise management and facilitate the equalization or improvement of an economic entity’s financial stability, therefore, the directions of its development are a rather relevant topic in a market economy. The article examines the theoretical foundations of anti-crisis financial management, the main factors affecting the emergence of a crisis state at an enterprise, discusses the need for its development, and provides factors that determine the effectiveness of the implemented anti-crisis policy. Identifying the need to improve anti-crisis financial management and decision-making on its implementation are accompanied by an analysis that takes into consideration possible risks and costs, which determines the expected effect. The author generalizes and indicates the main principles and stages of anti- crisis management.

Financial support for universities in the top of Project 5–100 and its impact on the quality of education

2021 ◽  
Vol 23 (2) ◽  
pp. 83-87
Author(s):  
ALEXANDER KVASHIN ◽  
Keyword(s):  
Research And Development ◽  
Financial Management ◽  
Global Market ◽  
Point Of View ◽  
Educational Services ◽  
Ministry Of Education ◽  
Financial Condition ◽  
University Funding ◽  
Russian Universities

Analysis of the main trends in the development of the market for higher education services, affecting the transformation of university financing models, shows that improving the quality of educational services in Russian universities directly depends on an increase in the share of revenues received from research and development, as well as the ability of universities to present the results of their research and development in the form of a complete product from a marketing point of view and build a competent strategy for promoting innovations in the market. In the context of creating a long-term strategy for increasing the competitive advantages of leading universities, the author pays special attention to Project 5–100 of the Ministry of Education and Science of the Russian Federation, the purpose of which is to maximize the competitive position of a group of leading Russian universities in the global market of educational services and research programs. It is noted that university funding comes from various sources, while budgetary revenues dominate the structure of income, and the reduction in budgetary provision significantly affects the financial condition of Russian universities. The author comes to the conclusion that the forms and mechanisms of financial management of universities and research organizations are not strictly regulated, they independently choose the sources of funding.

An assessment of the readiness of construction firms for international construction joint ventures (ICJVs) using the VERDICT model

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Stephen Akunyumu ◽  
Frank D.K. Fugar ◽  
Emmanuel Adinyira
Keyword(s):  
Joint Ventures ◽  
Technology Infrastructure ◽  
Commitment To Change ◽  
Content Type ◽  
Construction Firms ◽  
Construction Companies ◽  
Construction Joint ◽  
Foreign Companies ◽  
International Construction ◽  
Construction Organizations

Purpose The purpose of this study was to assess the readiness of construction companies in Ghana to partner with foreign companies in international construction joint ventures (ICJVs). Design/methodology/approach Using the Verify End-User e-Readiness using a Diagnostic Tool (VERDICT) model, a survey with 31 construction companies was conducted to assess their readiness through four pre-defined elements of readiness. Findings The results indicated the readiness of construction companies to collaborate with potential foreign partners in ICJVs. Notwithstanding, certain areas such as management commitment to change, employee buy-in, process flexibility and technology infrastructure need improvement in some firms to achieve readiness. Government has a role in ensuring the readiness of domestic firms for the international market. Originality/value This study applies the VERDICT model, a tool originally designed to assess construction organizations’ readiness for e-commerce, to assess the readiness of Ghanaian construction companies for ICJVs.

Constraints and opportunities facing construction organization in post-conflict condition in Afghanistan

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Qais Amarkhil ◽  
Emad Elwakil
Keyword(s):  
Matrix Analysis ◽  
Content Type ◽  
Construction Firms ◽  
Construction Companies ◽  
Post Conflict ◽  
Conflict Condition ◽  
Local Construction ◽  
And Performance ◽  
Construction Organization ◽  
Critical Constraints

Purpose Although there are many challenges and constraints for construction organization operation and performance in a post-conflict condition, there is insufficient construction project management literature. Therefore, the purpose of this paper is to identify a framework to understand and determine critical constraints and opportunities in a post-conflict condition facing local construction firms in Afghanistan. The proposed framework is composed of three major steps: identify and determine key performance indicators; identify challenges impacting organization operation and performance in post-conflict condition; determine critical constraints and opportunities based on prioritized performance measures; and organizational strength and weakness factors. Design/methodology/approach The strength, weakness, opportunities and threat matrix analysis has been used to determine post-conflict condition constraints and opportunities. Then the analytical hierarchy process has been used to prioritize the measures and identify the constraints and opportunities facing construction companies in a post-conflict situation. The mix-research method is applied to this study to analyse qualitative variables and quantitative variables obtained from the experts’ opinions and 51 filled questioners. Findings The study shows that there are a total of 11 critical constraints and three essential opportunities for construction companies that industry practitioners and policymakers should take into account while formulating the organizational strategy. Practical implications The developed framework will benefit construction companies in improving their performance and operation in after-conflict conditions. Originality/value This paper is the first to provide a comprehensive conceptualization of the challenges and constraints for construction organization operation and performance in a post-conflict condition. It also offers a novel conceptual framework to understand and determine critical constraints and opportunities in a post-conflict condition facing local construction firms in Afghanistan.

Effect of Environmental Factors on Knowledge Sharing in Construction Organization

2015 ◽  
Vol 74 (4) ◽  
Author(s):  
Katun M. Idris ◽  
Kherun N. Ali ◽  
Godwin U. Aliagha ◽  
Ali Keyvanfar
Keyword(s):  
Environmental Factors ◽  
Knowledge Sharing ◽  
Structural Equation ◽  
Project Managers ◽  
Equation Modeling ◽  
Managerial Leadership ◽  
Leadership Strategy ◽  
Construction Organizations ◽  
Strategy Planning ◽  
Construction Organization

The processes of environmental factors are milieu-focus, which  can influence the knowledge sharing in construction organization. This study examines the possible effect of environmental factors in respect to managerial leadership, strategy/planning and culture on the relationship to the knowledge sharing.  The study was carried out on project managers in construction organizations in Nigeria using a stratified random sample of 323 of  different designations. A hypothesized model of knowledge sharing, and environmental factors was tested using structural equation modeling approach, and a proposed model was therefore developed. All the factor loadings were significant, leading to a prudent model achievement. The study serves as a guide to the construction managers for sharing knowledge in the construction organization. The finding indicated that environmental factors demonstrated significant influence on knowledge sharing. 

scholarly journals THE EFFECTIVENESS OF ENSURING THE FINANCIAL STABILITY OF THE RESTAURANT BUSINESS IN THE CRISIS COVID-19

2020 ◽  
Author(s):  
Liudmyla Batchenko ◽  
◽  
Liliia Honchar ◽  
Andrii Beliak ◽  
◽  
...  
Keyword(s):  
Financial Management ◽  
Financial Stability ◽  
Hospitality Industry ◽  
Business Environment ◽  
Financial Indicators ◽  
Financial Condition ◽  
The Matrix ◽  
A Chain ◽  
Key Indicators ◽  
Enterprise Policy

The study identifies and systematizes key indicators and criteria for ensuring the financial stability of the restaurant business. The complex and thorough analysis of features of maintenance of financial stability of the enterprises of restaurant business on an example of one of restaurants of a chain of the Japanese kitchen of LLC «Sushiya» is carried out. After analyzing the key indicators of financial and economic activity of the restaurant, using the method of complex calculation of the rating of the financial condition of enterprises in the hospitality industry, the level of financial stability of the studied enterprise is determined. Based on the results of practice-oriented analysis, the ranking of financial management goals by the degree of impact on the financial stability of the enterprise. The mechanism of ensuring financial stability of restaurant business enterprises is modeled. The developed and substantiated mechanism is based on a unique methodology, which, unlike existing ones, is adapted to the field of hospitality, is carried out by specific tactical and strategic tools of financial management, based on the chosen type of enterprise policy; takes into account the dynamics of the main financial indicators of the enterprise, which is planned to implement the mechanism and the possible impact of factors of the external changing business environment. With the help of the matrix of financial strategies of J. Franchon and I. Romane, the position of the restaurant «Sushiya-Lavina» is determined and the methodological tools for improving the efficiency of its financial stability are substantiated.

scholarly journals Analisis Tingkat Kebangkrutan Pada Perusahaan Asuransi Yang Terdaftar Di Bursa Efek Indonesia

2019 ◽  
Vol 9 (2) ◽  
pp. 28
Author(s):  
Mikha Novalina Sinaga ◽  
Frendy A. O. Pelleng ◽  
Joanne V. Mangindaan
Keyword(s):  
Financial Management ◽  
Research Study ◽  
Stock Exchange ◽  
Insurance Companies ◽  
Z Score ◽  
Prediction Analysis ◽  
Financial Condition ◽  
Management Problems ◽  
Score Method ◽  
A Company

The purpose of this research study is to determine the result of prediction analysis of potential bankruptcy on eleven insurance companies sector which has been listed in Indonesia Stock Exchange year 2015 to 2018. Bankruptcy is a condition when a company experiences insufficient funds to run its business. Bankruptcy is uncertainty about the ability of a company to continue its operations if the financial condition held has decreased. In fact, not all companies experience financial management problems that often lead to bankruptcy. Based on the result and conclusions of the analysis using Altman Z-Score method that: in 2015-2018 there were several companies that were safe, namely: PT. Bina Dana Arta Insurance Tbk, PT. Harta Aman Pratama Insurance Tbk, PT. Jasa Tania Insurance Tbk, PT Indonesian reinsurance airline Tbk, PT. Panin Insurance Tbk, PT. Panin Financial Tbk, PT Victoria Insurance Tbk. Then there are companies that in 2015- 2017 are healthy but in 2018 in prone conditions, namely: PT. Bintang Insurance Tbk,and PT. Multi Artha Guna Insurance Tbk, but different from PT. Mitra Maparya Insurance Tbk which in 2015 was in vulnerable condition but in 2016-2018 is safe. And PT. Ramayana from 2015-2018 is in vulnerable condition.

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