scholarly journals MODELLING THE SECURITY OF BUSINESS PROCESSES WHEN CREATING AND TRANSFERRING VALUES FOR STAKEHOLDERS

2021 ◽  
Vol 4 (39) ◽  
pp. 251-263
Author(s):  
N. Krasnokutska ◽  
H. Koptieva
Keyword(s):  
Internal Control ◽  
Business Processes ◽  
Methodological Approach ◽  
Jel Classification ◽  
Business Development ◽  
Business Process Modelling ◽  
Key Stakeholders ◽  
Wide Range ◽  
Development Processes ◽  
Environmental Interests

Abstract.The purposeof the recent study is to substantiate the directions and develop a methodological approach to modelling the security of business processes by their main types, considering the interests of stakeholders who receive value from interaction with the business.Business as an economic system is based on the significant number of transactions that can lead to different financial, material, informational losses, as well as reputational risks due to the lack of stakeholders’ trust. To prevent these losses when creating and transferring values for stakeholders we suggested the approach to modelling the security of business processes which takes into account their main types (main, auxiliary, managerial business processes and business development processes), the results (value created) that key stakeholders get at the output of these processes, and the indicators that reflect the criteria for modelling the security of business processes — efficiency, effectiveness, and quality (customer satisfaction with the result of the process — the recipient of value). Using the fuzzy set method, a map of identification of the security status of basic, auxiliary, managerial business processes and business development processes was developed, which allows to use a wide range of characteristics of business processes and linguistic variables to describe them (from «catastrophic» state to «very good») and allows you to model options for changing the strategy of the enterprise in order to avoid the risk of imbalance of economic, social and environmental interests of its stakeholders. The proposed approach was applied to retail chains in Ukraine and provided decision-makers with useful information for a better contribution of internal control systems to creating stakeholders’ value. Keywords: business process, modelling, security of business processes, security criteria, stakeholders, interests, values. JEL Classification D46, G32, L81 Formulas: 3; fig.: 2; tabl.: 5; bibl.: 20.

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

2021 ◽  
pp. 150-157
Author(s):  
A Viknianska ◽  
D Kharynovych-Yavorska ◽  
M Sahaidak ◽  
A Zhavoronok ◽  
V Filippov
Keyword(s):  
Economic Analysis ◽  
Development Strategy ◽  
Internal Control ◽  
Scoring System ◽  
Information Technologies ◽  
Business Processes ◽  
Methodological Approach ◽  
Complex Model ◽  
Integrated System ◽  
Systems Transformation

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.

scholarly journals The Essence and Role of Reengineering at Enterprises

2020 ◽  
Vol 4 (46) ◽  
pp. 155-163
Author(s):  
V. Y. Zhezhukha ◽  
Keyword(s):  
Business Processes ◽  
Methodological Approach ◽  
Practical Experience ◽  
Professional Activity ◽  
Economic Activities ◽  
Advantages And Disadvantages ◽  
Wide Range ◽  
Historical Viewpoint ◽  
Business Entities ◽  
The Individual

The article aims at developing the essence of the concept of reengineering and highlighting its characteristics. Various approaches to the interpretation of this concept have been considered from a historical viewpoint. It has been found out that modern scientists consider this concept from different positions, e.g. as a conceptual and methodological approach, as philosophy of activity, as skills, as a method of business management, as a concept of change, as a method of restructuring, as a tool for business efficiency, as a process, as a type and sphere of professional activity, etc. At the same time, taking into account the instruments of morphological analysis; identifying the advantages and disadvantages of each of the approaches to understand the meaning of "reengineering"; as well as studying practical experience; and finally, drawing general conclusions from scientific research on this issue have allowed the author to substantiate the expediency of interpreting reengineering as a direction of management activities aimed at restructuring business processes at an enterprise radically to achieve the established efficiency criteria. The main business components have been identified and characterized, in relation to and in the context of which the need to use reengineering instruments can be considered. The prevailing components of reengineering in the activity of enterprises have been analyzed. To specify the essence of the "reengineering" concept, its characteristic features are highlighted, namely: the individual nature of work and services performed (provided) within it; dependence of the content and nature of reengineering on the features of business entity; significant influence of the competence of business entities responsible for reengineering on its effectiveness; coverage by reengineering of both traditional and innovative business processes; an opportunity for business entities to solve a wide range of problems through using reengineering; the difficulty of establishing clear and unambiguous criteria for evaluating the effectiveness of reengineering in the initial stages of its implementation; the temporary nature of the relationship between the parties involved in the reengineering project implementation; relative separation of reengineering from the current production and economic activities of a company; the possibility of applying reengineering to various business processes at an enterprise; the necessity to make initial investments in the performance of work (services) within an reengineering project.

The practical specifics of compliance procedures as part of internal control of organizations' exports

2021 ◽  
Vol 22 (4) ◽  
pp. 459-486
Author(s):  
Vilena A. YAKIMOVA
Keyword(s):  
Control System ◽  
Internal Control ◽  
Business Processes ◽  
Methodological Approach ◽  
Control Program ◽  
Compliance Control ◽  
Business Operations ◽  
Control Procedures ◽  
Bona Fide ◽  
Contractual Obligations

Subject. The article discusses compliance procedures for improving the internal control system and accommodating to the specifics of exporting enterprises' financial and business operations. Objectives. The study is intended to formulate a methodological framework of compliance control to check whether exporting enterprises are compliant with financial laws. Methods. The study is based on the methods of comparison, checkerboard analysis, planning, classification, grouping, summary and systematization. Results. I formulated a compliance control program, which would account for the specifics of the exporting enterprise's financial and business operations, business processes of the exporting activity and compliance risk (associated with taxes, customs, currency, contractual obligations). The article enlists working papers needed to summarize results of tax, currency and accounting compliance procedures. I set forth a methodological approach based on the checkerboard analysis of reconciliation and comparison of export documents. Conclusions and Relevance. Exporting enterprises need the compliance control procedures to mitigate the probability of compliance risks and eliminate financial implications, such as fines, penalties for legislative and contractual breaches. Based on the proposed compliance procedure, the compliance control system will allow the exporting enterprise to gain a positive business reputation in the Russian and foreign distribution markets, and create an image of a bona fide and law-abiding taxpayer. The findings can be used to perform internal controls at exporting enterprises.

scholarly journals Methodical approach to optimization of business processes on the basis of analysis of differentiation parameters within the development and implementation of the competitive strategy of the company

2020 ◽  
Vol 81 (4) ◽  
pp. 231-242
Author(s):  
A. E. Plahin ◽  
S. M. Al Ogili ◽  
M. S. Khokholush
Keyword(s):  
Competitive Strategy ◽  
Business Processes ◽  
Methodological Approach ◽  
Integrated Approach ◽  
Educational Process ◽  
Government Support ◽  
Leather Industry ◽  
Analytical Scheme ◽  
Wide Range ◽  
Object Of Study

The development of a company's competitive strategy, being an important factor in its development, defines an integrated approach to competitiveness management by applying a wide range of tools, including those based on managing and optimizing the company's key business processes. The purpose of the study was to develop and test a methodological approach to optimizing the business processes of the leather industry company of the Republic of Iraq on the basis of a series of successive steps, including both assessing individual parameters of the differentiation of the competitive strategy and identifying problem areas for further setting up business processes. Using various research methods: economic, statistical, comparative analysis, analogy and rationale, the authors propose developments to assess competitiveness and its increase in relation to organizations operating in the leather industry. The results of the study are expressed in the form of developing an author's algorithm for identifying competitiveness parameters in accordance with the type of competitive strategy, as well as in the form of developing a matrix for determining a competitive strategy. Based on a synthesis of scientific research, the authors presented for scientific consideration the main parameters for differentiating the business model of leather products, as well as an analytical scheme of cost analysis in relation to the object of study. The presented methodology can be used to build an effective system of government support measures, and can also be used in the educational process of higher educational institutions as didactic and practical material.

scholarly journals ORGANIZATIONAL AND METHODOLOGICAL ASPECTS OF THE INTERNAL CONTROL OF PRODUCTS PROCESSING

2019 ◽  
pp. 121-131
Author(s):  
Vіktoriia ROZHELIUK ◽  
Sviatoslav PYTEL
Keyword(s):  
Control System ◽  
Internal Control ◽  
Business Processes ◽  
Managerial Decisions ◽  
Wide Range ◽  
Internal Control System ◽  
Functional Control ◽  
Control Procedures ◽  
Special Information ◽  
Methodological Aspects

Introduction. Control is one of the principle functions in the management system. Every decision-making, including planning and budgeting, should be controlled. The control consequences emerge as some information about disclosure of violations and some difficulties in managerial decisions fulfillment. In the general management process control appears as an element of correction retraction and it is carried out by the functional control system. Purpose. The internal control system has to maintain special information receiving which characterizes quantitative and qualitative indicators of processing enterprise activities; the effectiveness of resources using involved in the production processes of certain business and business processes. It concerns not only problems monitoring at work and personnel punishment for their divagations, it is also closely connected with management targets regarding staff work efficiency control. Internal control involves a wide range of activity depending on the aim: from ordinary amendments at the subdivision level to radical changing demands, the whole mechanism restructuring of activities in order to solve economic problems. The essence of internal control, as well as its subjects and objects in terms of measures, relating to the process of acquisition, production and products sale, can be discovered only by taking into account the industry specifics, techniques and arrangements for processing enterprises economy. Results. Such foreign and native economists as I. Bielobzhetskyi, M. Bilukha, F. Butynets, V. Derii, M. Kuzhelnyi, M. Chumachenko and Ye. Kaliuha in their scientific works research the problems of the control system mostly at the level of the whole country. However, it would be reasonable to form the organization and methodology for the internal control system at agricultural processing enterprises considering the sector specific nature. The common problem in the organization of the internal control system, specific for processing enterprises, is the lack of special units control, whereas these functions are performed mostly by accountants. Another problem to be solved is the discrepancy between control procedures technology and control purposes. Conclusions. Thus, we consider the internal control organization as its direct arrangement and improvement of the methodology and techniques in order to save property.

scholarly journals Transforming adaptive management in knowledge-intensive enterprises

Upravlenie ◽  
2022 ◽  
Vol 9 (4) ◽  
pp. 51-64
Author(s):  
A. A. Sazonov ◽  
M. V. Sazonova
Keyword(s):  
Adaptive Management ◽  
Management System ◽  
Business Processes ◽  
System Development ◽  
Methodological Approach ◽  
Transformation Process ◽  
Digital Environment ◽  
System Transformation ◽  
Wide Range ◽  
Knowledge Intensive

The article considers the aspects of transforming the adaptive management of knowledge-intensive enterprises under highly volatile institutional conditions in the current technological order. The initial scientific hypothesis was that the quality and efficiency of enterprises in the medium and long term is a consequence of management system transformation, as a result of using a wide range of digital technologies in the process of implementating preventive management measures aimed at maintaining a certain level of correspondence between the digital environment and the internal capacity of the management system.The structural aspects of the concept of adaptive transformation of the management system of knowledge-intensive enterprises in a highly variable digital environment have been analysed. An algorithm that represents a complete independent system has been proposed in which the order and levels of interconnection between individual subsystems and elements have been determined, with the adaptive transformation process itself as the central link, which is supported by a complex of different subsystems. A methodological approach for implementating a multicomponent process of adaptive management system development has been presented, detailing the various methodological recommendations and developments. The methodological techniques used for the indicative assessment of the level of efficiency of the management system of knowledge-intensive enterprises have been outlined.An independent and unified digital management environment for knowledge-intensive enterprises enables real-time analysis of business processes in order to make timely, high-quality and effective decisions in the following key areas: investment and financial activities; enterprise knowledge and personnel management; production and technical management; logistics, operations and disposal. The article offers methodological recommendations on the reengineering of business processes in knowledge-intensive enterprises in a new technological mode.

TOURIST BUSINESS DEVELOPMENT IN UKRAINE

2019 ◽  
pp. 39-46
Author(s):  
Stefania Mosiuk ◽  
Igor Mosiuk ◽  
Vladimir Mosiuk
Keyword(s):  
National Economy ◽  
Methodological Approach ◽  
Business Development ◽  
Tourism Industry ◽  
The State ◽  
Complete Analysis ◽  
Resource Potential ◽  
The World ◽  
Potential Resource ◽  
Favorable Conditions

The purpose of the article is to analyze and substantiate the development of tourism business in Ukraine as a priority component of the national economy. The methodology of this study is to use analytical, spatial, geographical, cultural and other methods. This methodological approach provided an opportunity to carry out a complete analysis of the state of the tourism industry of the state and to draw some conclusions.The scientific novelty lies in the coverage of the real and potential resource potential for the development of the recreational and tourism sphere in Ukraine, detailing the measures for the country ‘s entry into the world tourist market. Conclusions. Analyzing the state and prospects of tourism business development in Ukraine, it should be noted that this industry is one of the priority areas for improving the economy of the country. Historical, cultural – ethnographic, gastronomic, sanatorium and resort potentials of the country will lead the country into world leaders of the tourism industry when creating favorable conditions for investment and proper marketing.

Use of Business Models within Model Driven Architecture

2009 ◽  
Vol 38 (38) ◽  
pp. 119-130
Author(s):  
Erika Asnina
Keyword(s):  
Business Models ◽  
Business Processes ◽  
Use Cases ◽  
Separation Of Concerns ◽  
Model Driven Architecture ◽  
Model Driven ◽  
Development Processes ◽  
Business Requirements ◽  
Complex Computer ◽  
Independent Model

Use of Business Models within Model Driven Architecture Model Driven Architecture is a framework dedicated for development of large and complex computer systems. It states and implements the principle of architectural separation of concerns. This means that a system can be modeled from three different but related to each other viewpoints. The viewpoint discussed in this paper is a Computation Independent one. MDA specification states that a model that shows a system from this viewpoint is a business model. Taking into account transformations foreseen by MDA, it should be useful for automation of software development processes. This paper discusses an essence of the Computation Independent Model (CIM) and the place of business models in the computation independent modeling. This paper considers four types of business models, namely, SBVR, BPMN, use cases and Topological Functioning Model (TFM). Business persons use SBVR to define business vocabularies and business rules of the existing and planned domains, BPMN to define business processes of both existing and planned domains, and use cases to define business requirements to the planned domain. The TFM is used to define functionality of both existing and planned domains. This paper discusses their capabilities to be used as complete CIMs with formally defined conformity between planned and existing domains.

ORGANIZATION OF INTERNAL CONTROL IN A REMOTE WORK ENVIRONMENT

2020 ◽  
Vol 3 (8) ◽  
pp. 73-79
Author(s):  
NGUYEN THI HA MY ◽  
Keyword(s):  
Control System ◽  
Work Environment ◽  
Internal Control ◽  
Business Processes ◽  
Rapid Development ◽  
Remote Work ◽  
Use Of Technology ◽  
Internal Control System ◽  
The Russian Federation ◽  
Ministry Of Finance

With the rapid development and widespread use of technology, business processes are being transformed. One of the consequences of the implementation of technologies into the business is the partial transition to remote work, which made it necessary to reflect the corresponding changes in the internal control system (IC). The article is devoted to the analysis of the main shortcomings identified during the transition to the remote mode, in response to which measures are proposed to adapt the IC to the conditions of remote work. Identifies the following areas for improvement of the internal control system. In response to the identified areas successful practical examples are analyzed and potential measures are proposed in the context of the elements identified in the COSO conceptual framework and methodological documents of the Ministry of Finance of the Russian Federation.

Who's in Control of the Ark? A Study of Internal Controls in Operating and Auditing A Small Preschool

2019 ◽  
Vol 34 (2) ◽  
pp. 23-39 ◽  
Author(s):  
Elizabeth V. Grace ◽  
Ashley Davis
Keyword(s):  
Internal Control ◽  
Business Processes ◽  
Practical Experience ◽  
Auditor Independence ◽  
Internal Controls ◽  
Control Environment ◽  
For Profit ◽  
Not For Profit ◽  
Analytical Thinking ◽  
Financial Transactions

ABSTRACT This instructional case encourages analytical thinking about internal controls in both the operations and audit of a small, not-for-profit organization. Students examine a control environment characterized by unauthorized expenditures, lack of documentation, and missing documents. Using the COSO (2013) framework, students demonstrate understanding of business processes as they identify internal control risks and deficiencies, and recommend control improvements. Auditing students additionally apply management assertions about financial transactions and assess auditor independence. Students gain practical experience in developing flowcharts of accounting processes and writing a management letter for a familiar organization: a preschool.

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