scholarly journals Building a model of strategic financial planning for an organization

2019 ◽  
pp. 174-181
Author(s):  
Olga Rudkovskaya ◽  
Vladimir Gerasenko
Keyword(s):  
Financial Planning ◽  
Life Cycle Stage ◽  
Process Approach ◽  
Point Of View ◽  
Financial Resources ◽  
Financial Strategy ◽  
Key Indicator ◽  
Definition Of ◽  
Goals And Objectives

The article considers approaches to the definition of strategic financial planning, reveals their shortcomings and advantages. Objective: To create a methodological basis for the development of the organization's financial strategy. Methodology: The article is based on the results of research of modern domestic and foreign theories of strategic planning. Application of the results: Increase the validity of the management decisions made based on the results of strategic financial planning. Conclusions: Strategic financial planning is proposed to be considered from the point of view of the system and process approach, which will allow to create an effective functional apparatus, including a system of goals and objectives, principles and tools for the formation and use of financial resources to carry out the activities on developing the directions of organization growth. The formed algorithm of developing a strategic financial planning model allows to take into account the organization’s life cycle stage and its market position in the industry when determining the target parameters of financial development in the long term perspective. An indicator of maximizing the return to capital represented by own and borrowed funds is proposed as a key indicator of the model under consideration. Complying with the set of limitations developed, this indicator provides a more reliable and comprehensive assessment of organization’s development planned directions.

scholarly journals INCREASING THE EFFICIENCY OF THE USE OF PUBLIC FINANCIAL RESOURCES IN ENSURING EMPLOYMENT OF THE POPULATION

2021 ◽  
Vol 9 (06) ◽  
pp. 287-293
Author(s):  
Abduraimova Nigora Radjabovna ◽  
Keyword(s):  
Financial Management ◽  
Financial Resources ◽  
Public And Private ◽  
Historical Aspect ◽  
The Public ◽  
Public Financial Management ◽  
Factors Influencing ◽  
Definition Of ◽  
Financial Cycles ◽  
Goals And Objectives

The paper reveals the essence of the system of public financial management (PFM), defines its key elements of the PFM system, and articulates goals and objectives in enhancing employment. The authors definition of PFM is given. A comparative analysis of managerial financial cycles in the public and private sectors of the economy is carried out. The historical aspect of the PFM reforms is also analyzed, and various approaches to financial management (income and expenditure) in the public sector are studied and suggested better ways to improve the busyness of the population. Factors influencing the effectiveness of the PFM reforms are revealed. The challenges faced by financial managers in implementing public finance reforms are analyzed, and the opportunities that can be used to achieve the objectives of the PFM system, some of which are simultaneously challenges are analyzed.

scholarly journals FORMATION OF THE CAPITAL STRUCTURE OF THE ENTERPRISE

2021 ◽  
Author(s):  
Dmytro Nesterenko ◽  
Olena Parkhomenko
Keyword(s):  
Capital Structure ◽  
Financial Resources ◽  
Financial Strategy ◽  
Implementation Phase ◽  
Optimization Stage ◽  
External Sources ◽  
Definition Of ◽  
Fierce Competition ◽  
Business Financing ◽  
The Capital Structure

The article reveals the role of the process of attracting sources of funding for activities. Depending on the source of financing and the method of attracting them, three main financing mechanisms are identified: counterparty, credit and capital market. The peculiarities and advantages of some ways of attracting financing are identified and analyzed. Also, the mechanism of planning of attraction of financial resources considering a real financial position of the enterprise is formed. It is proved that in conditions of fierce competition the company's growth rate has a key impact on the factors of the company's continued existence in the market. The formation of a base for attracting investment in advance provides a stable and affordable source of funds for further expansion. An algorithm for forming the capital structure considering the current financial and economic condition of the enterprise has been developed. Opportunities for the company's growth are directly related to the availability of financial resources that can be obtained from various sources. The decision to use certain sources influences time and financial costs for obtaining and securing borrowed capital and for the diversification of government entities over the company, which to some extent pursue their own goals. Therefore, when building a financial strategy of the enterprise it is important to rationally and pragmatically approach the definition of ways to use financial resources and combine different sources of business financing. The effectiveness of the entire financial strategy of the enterprise largely depends on how correctly and in detail the choice of capital structure was worked out. Using the company's management of the proposed algorithm for the formation of capital structure optimization stage, as well as in the implementation phase of expansion with external sources funded, will allow the company to better attract and use the attracted financial resources without losing the investment attractiveness for future creditors and investors and not losing trust from other financially interested stakeholders.

scholarly journals Evaluating the Efficiency of Financing the Innovation Potential of the Enterprise’s Staff

2020 ◽  
Vol 11 (514) ◽  
pp. 212-220
Author(s):  
M. V. Adamenko ◽  
◽  
R. V. Korolenko ◽  
Keyword(s):  
Threshold Value ◽  
Financial Resources ◽  
Logical Scheme ◽  
Managerial Decisions ◽  
Innovation Potential ◽  
Methodical Approach ◽  
Innovative Potential ◽  
Methodological Approaches ◽  
Definition Of ◽  
Goals And Objectives

The article summarizes approaches and defines the concept of «financing the innovation potential of the enterprise’s staff». The methodological approaches most often used to analyze the efficiency of financing objects are reviewed. On the basis of the review, the authors proposed their own methodical approach to evaluating the efficiency of financing the innovation potential of the enterprise’s staff, which includes: formation of structural-logical scheme, definition of stages, instrumentarium, development of the appropriate system of general and partial indicators, as well as criteria for such evaluation. The peculiarity of the improved methodical approach to evaluating the efficiency of financing the innovation potential of the enterprise’s staff is the association into the overall system of the following: indicators of sufficiency and timeliness of financing; the degree of use of financial resources, their profitability, worth, achievement of goals in the process of attracting financial resources to finance the innovative abilities and capabilities of the enterprise’s employees; criteria for conformity of financing to the threshold value, optimization of financing; criteria for comparability of «profitability – worth», «use of financial capabilities – achievement of goals of using the innovative potential of staff». Implementation of all stages of evaluation of the efficiency of financing the innovative potential of the enterprise’s staff allows to set the level of this efficiency in accordance with the set goals and objectives, as well as is the basis for substantiation of managerial decisions.

scholarly journals Sustaining Engineering Informatics: Toward Methods and Metrics for Digital Curation

2008 ◽  
Vol 3 (2) ◽  
pp. 59-73 ◽  
Author(s):  
Josh Lubell ◽  
Sudarsan Rachuri ◽  
Mahesh Mani ◽  
Eswaran Subrahmanian
Keyword(s):  
Functional Model ◽  
Point Of View ◽  
Digital Curation ◽  
Open Archival Information System ◽  
User Access ◽  
Digital Objects ◽  
Definition Of ◽  
Design And Manufacture

Ensuring the long-term usability of engineering informatics (EI) artifacts is a challenge, particularly for products with longer lifecycles than the computing hardware and software used for their design and manufacture. Addressing this challenge requires characterizing the nature of EI, defining metrics for EI sustainability, and developing methods for long-term EI curation. In this paper we highlight various issues related to long-term archival of EI and describe the work towards methods and metrics for sustaining EI. We propose an approach to enhance the Open Archival Information System (OAIS) functional model to incorporate EI sustainability criteria, Digital Object Prototypes (DOPs), and end user access requirements. We discuss the end user’s requirements from the point of view of reference, reuse and rationale – the “3Rs” – to better understand the level of granularity and abstractions required in the definition of engineering digital objects. Finally we present a proposed case study and experiment.

scholarly journals Formation of the Mechanism for Financial Planning at the Enterprise in Conditions of Volatility and Instability of the External Environment

2021 ◽  
Vol 9 (524) ◽  
pp. 207-215
Author(s):  
D. I. Dema ◽  
◽  
L. V. Sus ◽  
Y. Y. Sus ◽  
◽  
...  
Keyword(s):  
Financial Planning ◽  
Financial Management ◽  
Financial Stability ◽  
External Environment ◽  
Cash Flows ◽  
Financial Economic ◽  
Point Of View ◽  
Existing Problems ◽  
Advantages And Disadvantages

The research is aimed at theoretical and practical aspects of financial planning of enterprises in conditions of volatility and instability of the external environment. Based on the generalization of approaches to the essence and the meaning of financial planning, its semantic characteristics are determined in terms of methodology in both broad and narrow context. The process of evolution of financial planning is considered from the point of view of formation of systems of financial economic activity management of enterprises, three stages of its genesis with specification of advantages and disadvantages are distinguished. The principles, types and methods of planning are systematized. The stages of financial planning at enterprises are distinguished and their role in balancing financial stability in the process of formation, accumulation, distribution and use of financial resources is determined. Based on the stages of financial planning, three main subsystems of activity planning (strategic forecasting, ongoing financial planning and operational planning of financial activities) are described. On the basis of the analysis of existing problems in financial management in case of instability and recurrence of crisis phenomena, a mechanism for organizing financial planning at enterprises is proposed. The need to improve the effective generation of cash flows in the long term is distinguished, taking into account strategic and long-term financial plans based on the scenario financial planning method.

Strategies of financial behavior of Russians: Concept, dynamics, factors

2021 ◽  
pp. 71-88
Author(s):  
O. E. Kuzina ◽  
D. V. Moiseeva
Keyword(s):  
Higher Education ◽  
Financial Planning ◽  
Positive Relationship ◽  
Planning Horizon ◽  
Demographic Variables ◽  
Demographic Characteristics ◽  
Financial Behavior ◽  
Financial Strategy ◽  
One Year

The article presents the justification of the methodology for studying the strategies of financial behavior of the population, the dynamics of their prevalence in Russia in the period 2009—2020, as well as the assessment of the influence of socio-demographic variables on the probability of having a financial strategy in the household. The analysis of the data obtained from “Monitoring of the financial behavior of the population” for 2009—2020 has demonstrated that the financial planning horizon of the majority of Russians does not exceed one year, about 50% of Russians have long-term financial goals, and about 30% have strategies to achieve them. A positive relationship has been revealed with a number of socio-demographic characteristics that fit into the logic of the life cycle: age, presence of children, higher education and income.

scholarly journals Yoga Research and Public Health

2016 ◽  
Vol 8 (1) ◽  
pp. 31-36 ◽  
Author(s):  
Avinash R. Patwardhan
Keyword(s):  
Public Health ◽  
Health Utility ◽  
Medical Application ◽  
Point Of View ◽  
Proof Of Concept ◽  
Social Body ◽  
Key Stakeholders ◽  
Definition Of ◽  
High Level

Research on yoga is witnessing an unprecedented proliferation currently, partly because of great interest in yoga’s health utility. However, yoga research does not seem to be sufficiently public health oriented, or its quality corresponding to its quantity. Yoga research is falling short to enable key stakeholders like end users, prescribers, and payers to meaningfully, confidently, and fruitfully answer the questions like: Is it generalizable? Is it standardizable? Which yoga style should be used/recommended/paid for? Or will it be worth the money? Therefore, it is important to examine the alignment to purpose or value of yoga research from a public health point of view so as to make it more practical. The issues such as lack of clear definition of yoga, wide variation in its dosage, cacophony of lineage-based styles, no data about comparative effectiveness between the yoga components, confounders and biases clouding the evidence regarding its benefits, too little data on long-term adherence, equivocal results about its cost effectiveness, discussions lacking embrace of better methods in research, and absence of a theory of yoga are examined. This is not a detailed discussion of every issue yoga research faces, but a high-level overview of those that have direct practical bearing. In the end, a few pragmatic approaches are offered. The article suggests that yoga-component analysis, development of a theory of yoga, adoption of a health-aligned functional typology of yoga, development and testing of a simple universal basic prototype of yoga intervention, emphasis on research about long-term adherence, and discouragement for mere proof of concept research might make yoga research serve the stakeholders better. It urges the research community to practice “context cognizant scholarship” to disentangle health compatible yoga from its historical-cultural-social body before examining it for health or medical application.

scholarly journals Innovation and sustainability: the Italian scenario

2021 ◽  
pp. 71-76
Author(s):  
Rosanna Cataldo ◽  
Maria Gabriella Grassia ◽  
Paolo Mazzocchi ◽  
Claudio Quintano ◽  
Antonella Rocca
Keyword(s):  
Research Question ◽  
Point Of View ◽  
Policy Makers ◽  
Sustainable Innovation ◽  
Relevant Topic ◽  
Short And Long Term ◽  
Definition Of ◽  
Process Solutions ◽  
The Impact

Society and policy makers demand innovation systems oriented towards several goals of sustainable development. Therefore, recent literature has dedicated a growing interest to both innovation and sustainability in the pursuit of environmental, economic and social development; in addition, the emerging topic of ‘sustainable innovation’ (and ‘eco-innovation’) seems to combine the main features of them. The definition of these concepts has been significantly changed during the last decades, and a broad discussion continues today about which indicators should be used to measure innovation, sustainability and their combination. The current paper investigates this relationship, and - in the authors’ opinion - the research question connected to the impact of the innovative product (and service and process) solutions on sustainability can be addressed by means of a stable theoretical framework. To study the interaction between innovation and sustainability, the usage of specific territorial features might represent a useful perspective to manage short-and long-term environmental and economic issues. As for the theoretical model, the present article considers a specific technique suitable for investigating the entire set of characteristics involved in the model. From a public makers and managerial point of view, the possibility of improving the firm’ efficiencies in terms of several dimensions of sustainable innovation represents a relevant topic that must be encouraged.

The Problem of Futility: III. The Importance of Physician-Patient Communication and a Suggested Guide through the Minefield

1994 ◽  
Vol 3 (2) ◽  
pp. 257-269
Author(s):  
Dorothy Rasinski Gregory ◽  
Miriam Piven Cotler
Keyword(s):  
Point Of View ◽  
Personal Goals ◽  
Therapeutic Goals ◽  
Critical Elements ◽  
Ideal Situation ◽  
Ongoing Relationship ◽  
System Life ◽  
Definition Of ◽  
Physician Patient

As noted In Part II of this series (CQ 1994;3:133–142), perhaps the most critical elements to define in deciding when treatment Is futile are the goals of therapy from, both the physician's and the patient's point of view. A patient's personal goals are based upon value system., life goals, and personal definition of “quality of life.” These personal goals must then be interpreted and applied in a reasonable and realistic fashion against what the physician has previously described as the legitimate, objective, and attainable therapeutic goals. As far as possible, both, parties must work together to eliminate the uncertainties in their discussion. The ideal situation includes a competent, alert patient and a prudent, caring physician who have had a long-term ongoing relationship. The key to collaboration is communication: a sincere interest in and professional concern for the patient; a willingness to be honest and open; a commitment to talk and to listen; an attempt to make one another feel comfortable in the collaboration; and an effort to recognize and to overcome barriers to communication, whether barriers are personal to either the patient or the physician or are professional, institutional, or societal.

scholarly journals Coconut Carbon Sequestration Part 2 / Strategies for the Carbon Market & Simulating Potential Incomes for Coconut CDM Projects

CORD ◽  
2008 ◽  
Vol 24 (1) ◽  
pp. 20
Author(s):  
O. Roupsard
Keyword(s):  
Scientific Information ◽  
Coconut Oil ◽  
Value Added ◽  
Carbon Market ◽  
Point Of View ◽  
Short Term ◽  
C Cycle ◽  
R Project ◽  
Definition Of

The following article is a review of possible strategies of the coconut sector facing the carbon market, through the Clean Development Mechanism (CDM) of the Protocol of Kyoto, but also through Non-Kyoto (voluntary) initiatives. It sums up the conditions for certifying plantations, together with recent statistics of similar projects accepted by UNFCCC, which are currently displaying a rapid growth rate. It stresses the complexity of the CDM, but also the accessibility for coconut energy & afforestation + reforestation (A/R) projects, considering that coconut plantations do actually correspond to the definition of “forest”. Using recent scientific information on C cycle of coconut plantations and coconut oil, it proposes also a simulation of the expected potential profitability of coconut energetic and A/R projects. From the point of view of the farmer and of the oil mill, in absence of any CDM project (the reference here), the value-added comes mainly from local processing of the copra into coconut oil. When implementing a short-term A/R project (t-CER), the value-added by C fixation in the ecosystem would be ca. +15 to +19%, as compared to the copra and oil references. When implementing a long-term project (l-CER), the value-added would reach +40 to +52%. When implementing an energy-oil project solely, the value-added by C fixation in the coconut oil would be only +5% (this not including other benefits at national scale, however). When implementing a dual A/R + energy-oil project, the value-added by C fixation would be +19% for t-CER, and +45% for l-CER with respect to the copra and oil references. These results are just potential values given for example, suspected to vary much according to the actual conditions of coconut plantation productivity, management and also C market conditions. However, the simulation clearly supports every APCC initiative in this direction.

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