Budgeting at the university: Organizational solutions and methodological approaches

2021 ◽  
Vol 22 (11) ◽  
pp. 1225-1242
Author(s):  
Ekaterina M. EGOROVA ◽  
Aleksandra V. GLUSHCHENKO
Keyword(s):  
Strategic Planning ◽  
Organizational Structure ◽  
Financial Management ◽  
Business Processes ◽  
Strategic Development ◽  
Economic Mechanism ◽  
Analysis And Synthesis ◽  
Methodological Approaches ◽  
The University ◽  
And Training

Subject. This article deals with the issues related to the creation and development of a new organizational and economic mechanism for the functioning of universities and the system of their budgeting. Objectives. The article aims to develop methodological foundations of the organization and mechanism for the budgeting implementation at modern universities that apply strategic planning and process-oriented organizational structure. Methods. For the study, we used analysis and synthesis, induction and deduction, systematization, and the systems and process approaches. Results. The article presents developed methodological foundations of the organization of budgeting at the university, based on advanced accounting, financial and management technologies that help determine the stages of university budgeting organization and describe their substantive characteristics. The article also defines the types of responsibility centers and budgets of the university. Conclusions and Relevance. Budgeting as the most important element of the intra-university mechanism of innovative strategic development of the university focuses on educational and research business processes. It helps plan specific goals, develop indicators of their achievement and justify the allocation of budgetary and extrabudgetary funds by the expected result of expenditure. The results of the study are intended for scientific and practical activities and training of specialists in the field of accounting and financial management.

Specifics of strategic financial planning of enterprise activity in the digital economy

2020 ◽  
Vol 26 (3) ◽  
pp. 499-507
Author(s):  
P.A. Levchaev ◽  
B. Khezazna
Keyword(s):  
Strategic Planning ◽  
Financial Planning ◽  
Financial Management ◽  
Digital Economy ◽  
Economic Life ◽  
Corporate Management ◽  
Economic Relations ◽  
Digital Era ◽  
Analysis And Synthesis ◽  
Corporate Management System

Subject. The article investigates the specifics of strategic financial planning of enterprise operations in conditions of digitalization processes, as well as the introduction of advanced technologies in all spheres of social and economic life. It determines unique opportunities for company development in the international market. Objectives. The study aims at reviewing a set of economic relations and problems emerging in the process of strategic financial planning of enterprise performance in the digital economy, and developing recommendations to improve the financial strategic planning of economic entities. Methods. We employ methods of economic analysis and synthesis, and comparison. The paper rests on works by academic economists on the problems of finance, financial management, and planning. Results. We investigated the most important features and problems of strategic financial planning of enterprises in the digital economy, and how the digital era increases the level of competition of participants for economic dominance. Identified features of financial strategic planning of the corporation's activities in the digital economy are recommended for use in the corporate management system of an industrial enterprise. Conclusions. Improving the strategic management process is a stage of transformations in the digital economy. Enterprises create new priorities through using management models. At the same time, the role of fixed assets is reduced, and intangible assets and information accelerate the business. The effectiveness of company operations is often determined by the availability of accurate and timely information that reflects the necessary aspects of financial and economic practice.

scholarly journals Theoretical and Methodological Approaches to Tourism Enterprise Business Processes Efficiency Evaluation

2020 ◽  
Vol 7 (2) ◽  
pp. 22-30
Author(s):  
Yuriy B. Myronov ◽  
Mariana I. Myronova
Keyword(s):  
Business Processes ◽  
Tourism Industry ◽  
Green Technologies ◽  
Factors Affecting ◽  
Performance Targets ◽  
Analysis And Synthesis ◽  
Virtual And Augmented Reality ◽  
Methodological Approaches ◽  
Tourism Enterprises ◽  
Relationship Of

The relevance of the research is stipulated by the necessity for an adequate evaluation of the tourism enterprises’ efficiency and individual business processes at these enterprises in the context of the ever-growing influence of the tourism industry on the economic and social spheres of society. The aim of the research is to build a conceptual model for evaluating the efficiency of business processes of tourist enterprises. The methodological basis of the research is based on methods of abstraction, analogies, analysis and synthesis; normative and positive approaches to the study of economic processes; process and system approaches; modelling method. The article considers theoretical and methodological approaches to assessing the efficiency of tourism enterprise processes in modern conditions of tourism services market development. The main concepts of business processes were defined, the goal and criteria for evaluating their efficiency were formulated. The main factors affecting the efficiency of tourism enterprises business processes were described. The main groups of indicators for evaluating the tourism enterprise business processes efficiency were proposed. Such a system of indicators helps to comprehensively monitor the situation at a tourism enterprise, since it takes into account all key areas of activity of an enterprise and identifies priority business processes that require changes. The specifics of assessing the level the efficiency of tourism enterprises business processes depend on a number of variable factors and therefore the main trends in the development of a tourist enterprise and the relationship of its economic indicators are usually studied. Approaches to the procedure for evaluating the efficiency of business processes, as well as to the formation of a system of indicators for evaluating the specified efficiency at a tourism enterprise were studied. The main principles of forming a system for evaluating tourism enterprises business processes efficiency are defined. A number of technologies for evaluating the efficiency of business processes were described. A model for evaluating the efficiency of business processes in tourism is presented. It is noted that the main and determining role in evaluating the activities of a tourism enterprise is played by performance targets. Based on the identified features of tourism activities, problems that may arise in the process of evaluating the efficiency of business processes were considered and effective ways to eliminate them were proposed. The prospects for further scientific researches in this direction are substantiated, which are to study the improvement of the tourism companies efficiency through the introduction of innovative technologies (neuromarketing, virtual and augmented reality, as well as “green” technologies)

scholarly journals METHODOLOGICAL APPROACHES TO THE FORMATION OF THE FINANCIAL MANAGEMENT POLICY OF RECEIVABLE ARREARS

2019 ◽  
Vol 14 (1) ◽  
pp. 126-131
Author(s):  
Гузалия Клычова ◽  
Guzaliya Klychova ◽  
Алсу Закирова ◽  
Alsu Zakirova ◽  
Зульфат Хамидуллин ◽  
...  
Keyword(s):  
Financial Management ◽  
Credit Rating ◽  
Systems Approach ◽  
Management Policy ◽  
Credit Policy ◽  
Accounts Receivable ◽  
Proof Systems ◽  
Analysis And Synthesis ◽  
Logical Method ◽  
Methodological Approaches

In modern conditions, an objective need arises in controlling education and the state of accounts receivable, determining credit policy, analyzing and ranking clients, forecasting cash receipts from debtors, and reducing bad debts. Using the methods of theoretical and empirical research, such as analysis and synthesis, classification, proof, systems approach, logical method, the significance of the credit policy is revealed, its elements are considered in detail, the main problems of the credit policy organization are highlighted. On the basis of the materials presented by practitioners in this field, a critical analysis was conducted of the method for calculating the rating assessment of debtors, the calculation of limits for the provision of installments, and the assessment of the client’s solvency. According to the results of the study, methodological approaches were identified that allow creating an effective credit policy in order to control receivables and reduce the risk of uncollectible receivables and doubtful debts. To calculate the credit limit, you should create a system to evaluate the creditworthiness of their counterparties. To this end, it is necessary to assess the reliability of customers, applying one of the techniques discussed in the article. When calculating the limit of a specific counterparty, a number of techniques can be applied. One of them is to implement a series of successive procedures for assessing a credit rating, forecasting the distributor’s need for financing and determining the credit limit. Alternatively, you can apply the formula for calculating the limit on the basis of turnover and the planned volume of sales for the period. The article examined ways to increase cash turnover, allowing to attract customers and improve the efficiency of return of receivables. These methods include the provision of discounts to the buyer, obtaining a short-term loan or factoring.

scholarly journals – THE ROLE OF BUSINESS PROCESS RE-ENGINEERING (BPR) OF SIMPLIFYING ADMINISTRATIVE PROCEDURES – A FIELD STUDY ON FEMALE ADMINISTRATIVE EMPLOYEES OF KING ABDULAZIZ UNIVERSITY IN JEDDAH : دَوْرُ الهندرة في تبسيطِ الإجراءاتِ الإداريَّة

2019 ◽  
Vol 3 (1) ◽  
Author(s):  
Ibtisam Ahmed Al Zahrani -    Nervana Abdul Rahman Ghaith
Keyword(s):  
Information Technology ◽  
Organizational Culture ◽  
Strategic Planning ◽  
Organizational Structure ◽  
Positive Impact ◽  
Employee Empowerment ◽  
Administrative Staff ◽  
Administrative Procedures ◽  
The University

This study aimed to identify the role of Reengineering with its requirements (leadership, administrative policies, strategic planning, employee empowerment, information technology, organizational structure, financial capabilities and organizational culture) in the simplification of administrative procedures from the perspective of female administrative staff at King Abdul Aziz University in Jeddah. The study is based on a descriptive analytical approach. It consists of two main parts: a theoretical section that reviews the main findings of different sources, and a field section based on a questionnaire containing (50) paragraphs. The study population consists of (1469) administrative staff at the university, the sample of the study consists of (265) administrative staff, and the data were processed statistically using the statistical package of social sciences (SPSS). The study showed several results, the most important of which were: A strong positive impact on the role of Reengineering in simplifying the administrative procedures at the University, and showed that the requirements of Reengineering represented by Information Technology, organizational structure and strategic planning are the highest availability in the work environment at the university, followed by administrative policies, leadership, organizational culture, employee empowerment and, finally, financial capabilities. The study has made several recommendations, the most important of which are: Reengineering requirements in all its dimensions at the university, and the need to establish the foundations and methods to simplify the administrative procedures, and performing comparative studies between public and private universities on the level of readiness of the educational sector and obstacles to apply reengineering and the construction of a proposed scenario of reengineering at King Abdul Aziz University in Jeddah.

scholarly journals Organizational and Economic Mechanism of Innovative Development of the University

2021 ◽  
Vol 7 (4) ◽  
pp. 255-264
Author(s):  
T. V. Terentyeva ◽  
N. A. Yurchenko
Keyword(s):  
Comparative Analysis ◽  
Structural Analysis ◽  
Open Innovation ◽  
Innovative Development ◽  
Economic Mechanism ◽  
Research Results ◽  
Methodological Basis ◽  
Analysis And Synthesis ◽  
The Creation ◽  
The University

The aim of this research is to adapt the concept of open innovation, widely used in business, for the purposes of universities. The methodological basis of the research was the methods of systematization, comparative analysis, logical-structural analysis and synthesis of literature, which contains the main theoretical, methodological and practical issues of the theory of open innovation, innovative development of universities, development of the organizational and economic mechanism of innovative development of the university and assessment of the innovative development of the university. The research results can become a methodological platform for the creation and implementation of innovative projects at universities and ensuring their innovative development in general.

scholarly journals PRACTICE OF IMPLEMENTATION OF LEAN PRODUCTION PHILOSOPHY IN INSTITUTIONS OF HIGHER EDUCATION

2019 ◽  
pp. 96-112
Author(s):  
Alexander Pavlovich Lunev ◽  
Oksana Karlovna Mineva ◽  
Angelina Gennadievna Fadina ◽  
Yulia Nikolaevna Tomashevskaya ◽  
Raisa Isaevna Akmaeva
Keyword(s):  
Production System ◽  
Management System ◽  
Business Processes ◽  
Lean Production ◽  
Worcester Polytechnic Institute ◽  
State University ◽  
Research And Innovation ◽  
Innovation Activities ◽  
Analysis And Synthesis ◽  
The University

The article describes the experience of introducing lean production philosophy at Astrakhan State University in terms of a consistent study of the practice of effective implementing 14 principles of Toyota production system in the university. There have been defined main characteristics of the lean production concept. There has been substantiated the expediency of applying the concept of “lean management” in the university - the management system of the organization that contributes to the optimization of all its business processes, enhancing the potential of each employee for maximum orientation to the needs of the consumer. Organizational process of learning modern tools of lean production system at the weekly University seminars through creating the Department of human resources development is being considered, the practice of modeling lean production system tools and their implementation in the structural units of the University is studied. Intercompany training is regarded as a basis of a management system of the University. It has been said that research and innovation activities in Astrakhan State University have taken an important part for the last decade. Special attention is paid to long-term cooperation between the University and its partners from the neighboring countries (Gilyan University, Baku State University, Shanghay University, Dongseo University, Clark University, Bard-College, Worcester Polytechnic Institute etc.) and building the international innovative corridor. There are used methods of analogy, generalization, analysis and synthesis. As a result, a self-learning University - Astrakhan State University - has been created with an extensive communication system, employees engaged in continuous improvement and satisfied customers. There has been presented the algorithm of implementation of lean production tools in the University, which will be useful for other Russian universities.

scholarly journals Increasing the level of justification of state strategic planning

2021 ◽  
Vol 94 ◽  
pp. 01013
Author(s):  
Yurii V. Mishin ◽  
Aleksandr Yu. Mishin
Keyword(s):  
Strategic Planning ◽  
Russian Federation ◽  
Regulatory Framework ◽  
Strategic Development ◽  
Composition And Structure ◽  
The Russian Federation ◽  
Target Management ◽  
Methodological Approaches ◽  
Further Development

The purpose of this work is to prepare proposals to improve the effectiveness of state strategic planning by increasing the level of validity of the planned and forecast calculations. In modern conditions, the main important directions for ensuring the further development of domestic strategic planning are target management and production regulation. In this work, the following issues have been resolved: 1) As a result of the analysis of methodological approaches to strategic planning in the USSR and Russia, the initial methodological premises were identified and the most expedient area of using the above mechanisms of its development was substantiated; 2) Based on the study and scientific generalization of domestic and foreign research in the field of long-term planning, methodological and methodological foundations for creating its regulatory framework have been developed, including principles, procedures, composition and structure; 3) Proposals have been substantiated for the creation in the Russian Federation of a special ministry - strategic development.

scholarly journals METHODOLOGICAL APPROACHES TO STRATEGIC PLANNING OF PUBLIC SECTOR INSTITUTIONS

2005 ◽  
Vol 11 (1) ◽  
pp. 3-15
Author(s):  
Juozas Bivainis ◽  
Živile Tunčikiene
Keyword(s):  
Public Sector ◽  
Strategic Planning ◽  
Strategic Management ◽  
Organizational Structure ◽  
Methodological Approach ◽  
External Environment ◽  
Strategic Decisions ◽  
Methodological Approaches ◽  
Management Approaches ◽  
Stimulation Of

In order to implement strategic planning institutions confront with a great number of problems the basic of which is the choice of methodological approach. In this article particularity of strategic management approaches within institutions is revealed. Special literature does not provide clear methodological recommendations for strategic planning of institutions. Opinions of strategic management commentators are more polemic than recommendations. In the literature two essential approaches to strategic planning are provided, i.e. prescriptive and emergent. Fulfilled researches create preconditions to specify and systematize essential characteristics of approaches. Prescriptive strategic planning can be defined by sufficient foresight of future, systemic complexity, necessary definition, large possibilities of formalization, one‐sided adaptation of strategic decisions with organizational structure, petty stimulation of initiative, stable consistency of planning steps. Emergent strategic planning can be defined by petty foresight of future, fragmentary complexity, weak definition, limited formalization, double‐sided adaptation of strategic decisions with organizational structure, large creativity, unstable sequence of planning steps. This characteristics are being handled as assumptions. According to the prescriptive approach they are favorable for preparing decisions, which are oriented to increase opportunities of institution strategic accordance with its environment demands. According to the emergent approach ‐ they are favorable for preparing decisions which are oriented to emerge institution potential for opportunities used. With regard to inside and external environment factors of institution which predetermine the choice of methodology, the regularities of coherency of factors and methodologies which are suggested to apply for integral combination of approaches in specific institutions situation are defined.

IMPROVING TOOLS FOR MONITORING RISKS AND THREATS IN THE SPHERE OF SCIENTIFIC AND TECHNOLOGICAL DEVELOPMENT OF THE RUSSIAN FEDERATION

2020 ◽  
Vol 2 (8) ◽  
pp. 34-43
Author(s):  
L. A. BELYAEVSKAYA-PLOTNIK ◽  
◽  
N. Yu. SOROKINA ◽  
Keyword(s):  
Time Series ◽  
Strategic Planning ◽  
Russian Federation ◽  
Technological Development ◽  
Strategic Development ◽  
Control Actions ◽  
Development Goals ◽  
The Russian Federation ◽  
Methodological Approaches ◽  
Scientific And Technological Development

The President of Russia proclaimed national strategic development goals for the period up to 2030, which necessitated the development of methodological approaches to monitoring the achievement of target indicators, specifying goals, as well as identifying challenges and threats in the development of science and technology. This article substantiates the feasibility of developing an indicative method for diagnosing the achievement of target indicators of strategic planning documents by introducing the method of intervals (ranges) into it. On the basis of time series, the ranges of admissible values of indicators for achieving the goals of the Russian Federation in the field of scientific and technological development were constructed. It is shown that the "movement" of the analyzed indicator within the boundaries of the range of permissible values, as well as going beyond these limits, allow monitoring risks and threats in the field of scientific and technological development of Russia and, on this basis, to develop timely and adequate control actions aimed at minimizing and eliminating risks and threats.

scholarly journals Problems and prospects for the development of corporate strategic planning in the digital technology environment

2021 ◽  
Vol 9 (2) ◽  
pp. 171-175
Author(s):  
Petr Levchaev
Keyword(s):  
Strategic Planning ◽  
Financial Management ◽  
System Analysis ◽  
Planning Process ◽  
Digital Technologies ◽  
Business Environment ◽  
Digital Economy ◽  
Analysis And Synthesis ◽  
New Business ◽  
Definition Of

Objectives. A set of theoretical, methodological and practical approaches to the development of strategic planning of corporate activities in the transition to a digital technological system. Methods. The application of a comprehensive scientific approach is based on a combination of General scientific and special research methods: retrospective, system analysis and synthesis, comparison and generalization, and evolutionary. Results. As the analysis of existing approaches to the definition of the digital economy has shown, there is still no consensus on the definition and content of this term, which leads to problems in identifying the elements that are included in it. The development of strategic planning in the digital economy determines the specifics of the planning process, the choice of appropriate methods and their implementation. A model of the enterprise strategic planning digitalization platform is proposed, reflecting the most significant subsystems, which can be modified taking into account the specifics of the company's actions in the external environment, as well as based on the competitive advantages of the internal environment and the relationship of the leading structural elements. Conclusions and Relevance. Companies in the new business environment need new approaches to strategic planning that take into account current management aspects. The introduction of digital technologies will maximize the use of information technology resources in order to increase the productivity and financial performance of corporations. The process of managing the company's strategy using digital technologies allows you to conduct operational control over revenues and expenses, optimize inventory. The development of strategic planning of enterprises should be synchronized with the corresponding improvement of the regulatory framework. The identified features of the formation of indicators of companies ' competitiveness, as well as the scheme of digitalization of the platform for strategic planning of their activities can be recommended for use in the practice of corporate financial management, long- term financial planning and budgeting.

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