scholarly journals Improvement of the financial resources management system of tourist enterprises and methodological approaches to the analysis of the efficiency of their productivity

2020 ◽  
pp. 28-31
Author(s):  
Anna IVASHCHENKO ◽  
Vladyslav BABIIETS ◽  
Anastasiia BLORINA
Keyword(s):  
Resource Management ◽  
Economic Efficiency ◽  
Financial Management ◽  
Tourism Industry ◽  
Financial Resource ◽  
Practical Significance ◽  
Financial Resources ◽  
Resources Management ◽  
Survival And Development ◽  
Tourism Enterprises

The paper considers the conceptual basis of financial resources management of tourism enterprises. The essence of economic efficiency of tourist enterprises is revealed from the following aspects: definition of standards and efficiency indicators; their impact on the enterprise; process of management of financial resources of tourist enterprises. The system of management of financial resources for tourist enterprises is considered. Formulation of the problem. The current stage of economic development of the management of the financial system of tourism enterprises is becoming increasingly important, as financial resources are the main resources for the survival and development of enterprises. The purpose of the paper is to develop financial resource management systems for tourism enterprises and the main ways to improve it; in addition to studying the problems and generalizing the concepts related to the effective functioning of the tourism industry. It opens up new options for possible directions of development. Presentation of research material. In enterprises, financial resources are the object of financial management. One of its tasks is to make a number of decisions on the formation and operation of the best structure of financial resources to increase the company's profits. This method requires a lot of work on the analysis, as well as the results of the assessment of various situations: the state of the structure and use of financial resources; resource requirements and methods of resource use. Based on the findings of the analysis to develop several forecasts of financial resource management models. The modern set of indicators makes it possible to analyze the internal and external forms of economic efficiency. The practical significance of the obtained results can improve the quality of economic analysis of the efficiency of travel companies.

EVALUATING THE EFFECTIVENESS OF USING FINANCIAL RESOURCES OF MEDICAL ORGANIZATIONS

2020 ◽  
Vol 2 (7) ◽  
pp. 32-38
Author(s):  
S. S. BUDARIN ◽  
◽  
Yu. V. EL’BEK ◽  
V. O. VATOLIN ◽  
◽  
...  
Keyword(s):  
Resource Management ◽  
Medical Care ◽  
Healthcare Reform ◽  
Health Sector ◽  
Financial Resources ◽  
Medical Organization ◽  
Resources Management ◽  
Material Resources ◽  
Public Resources

In the context of the Moscow healthcare reform that has been carried out in recent years, the issues of evaluating the effectiveness of financing the healthcare system and the performance of medical organizations in providing medical care to the population are particularly relevant. Given the limited public resources allocated to the health sector, the quality of management of available financial, human and material resources is becoming more important. The article considers the application of the method of assessing the quality of resource management, introduced in Moscow since 2016, and its results in terms of evaluating the effectiveness of financial resources. It is revealed that the effectiveness of financial resources management is influenced by certain indicators that characterize the organization of management of the main activities of a medical organization.

scholarly journals Organizational Structure and Financial Resource Management of Universities

2019 ◽  
Vol 8 (3S3) ◽  
pp. 206-212
Keyword(s):  
Resource Management ◽  
Data Collection ◽  
Organizational Structure ◽  
Financial Management ◽  
Financial Resource ◽  
State University ◽  
Institutional Policies ◽  
Organizational Goals ◽  
Secondary Sources ◽  
University Finance

Organizational structure refers to the established pattern of relationship among the parts of an organization. Financial management is directly concerned with finance of any organization. For achieving the organizational goals of a university finance is an integral part of management which depends on great deals of institutional policies. The sample of this study comprises of two universities i.e. Gauhati University as state university and Tezpur University as central university. Secondary sources were used as tools for data collection. The result derived indicated that there was a difference between state and central university regarding organizational structure and financial resource management.

scholarly journals METHODOLOGICAL SUPPORT FOR THE FINANCIAL RESOURCES MANAGEMENT OF AN ENTERPRISE

2021 ◽  
Vol 2 (37) ◽  
pp. 244-251
Author(s):  
L. Obolentseva ◽  
V. Tretyak ◽  
I. Ternova ◽  
І. Sеgеdа ◽  
A. Shved
Keyword(s):  
Risk Management ◽  
Financial Management ◽  
Management System ◽  
Debt Management ◽  
Financial Resources ◽  
Financial Risks ◽  
Resources Management ◽  
Economic Entity ◽  
Wide Range ◽  
Definition Of

Abstract. The article suggests methodological support for the management of financial resources of domestic enterprises based on the definition of the key issues of financial management and its adaptation to existing economic conditions. It has been found out that for the construction of an effective system of financial resources management, it is advisable to take into account the following requirements: the existence of causal relationships between the elements of the system; dynamism, ability to change the qualitative state; possession of a parameter, the influence of which makes it possible to change the course of the economic process. It has been noted that when developing a budgeting system at an enterprise, it is always necessary to take into account the main limiting factors affecting the financial activity of an economic entity from which the budget calculation should begin. Determination of the preliminary set of budget indicators has been identified as the main task of designing a comprehensive budgeting system as a component of the financial resource management system. In order to guarantee the use of effective indicators by all participants in this process, it is necessary to simultaneously apply the principles of design «top-down» and «bottom-up». It has been pointed out that debt obligations are currently a big problem for domestic enterprises. The proposed methods of debt management allow managing the financial resources of the entity based on the definition of key positions of financial management. It has also been mentioned that one of the most important elements of the financial resources management system of an enterprise is risk management, which becomes an integral element and a subsystem of the strategic management of an economic entity. In turn, one of the most important elements of the risk management system in an enterprise is the assessment of financial risks. It has been noted that modern enterprises have the opportunity to use a wide range of methods for assessing financial risks, among which are such clusters of methods as statistical, analytical and expert. The conclusion has been made that in conditions of economic and social instability, economic entities should pay special attention to an integrated system of budgeting and risk management, since at present these two areas are the most important components of the effective management of financial resources of an enterprise. Keywords: financial resources management, enterprise, methodological support, assessment, level. JEL Classification M11, M31 Formulas: 9; fig.: 3; tabl.: 1; bibl.: 10.

scholarly journals Developing Performance Measurement Model of Mosques

2021 ◽  
Vol 9 (1) ◽  
pp. 5-25
Author(s):  
Umi Khabibah ◽  
◽  
Ratno Agriyanto ◽  
Dessy Noor Farida ◽  
◽  
...  
Keyword(s):  
Performance Measurement ◽  
Social Services ◽  
Financial Management ◽  
Process Management ◽  
Measurement Model ◽  
Financial Resources ◽  
Religious Activities ◽  
Resources Management ◽  
Management Processes ◽  
Performance As Research

The main objective of this research is to find the performance measurement model of mosques in Ngaliyan District. The performance measurement model is adopted from the performance measurement model for organizations profit. This study uses mosque resources, management processes, and mosque performance as research variables. Mosque resources are grouped into mosque management resources (ta'mir), financial resources, and mosque facilities. Process management consists of stewardship management, financial management, and planning management. while the mosque's performance is shown through the implementation of religious activities and religious social services. The survey is limited to jami’ mosques in Ngaliyan District which are listed in SIMAS-Kemenag RI (Mosque Information System of Ministry of Religious Affairs of Republic of Indonesia) 2019. By purposive sampling, there are 36 valid samples for the analysis. Path analysis was applied to analyse the data. The results of this research using quantitative method showed that were significant influences between resource and mosque performance with management processes as the mediating variables. The findings from this study will be useful for mosque stakeholders such as mosque administrators, donors, congregations, and religious authorities who are directly affected by mosque performance.

scholarly journals USAGE OF THE NEW INFORMATIONAL TECHNOLOGIES IN PERSONALIZATION OF RELATIONS WITH CUSTOMERS OF TOURISM ENTERPRISES

2019 ◽  
pp. 30-42
Author(s):  
Daria Basyuk ◽  
Natalia Pohuda ◽  
Tatyana Prymak
Keyword(s):  
Information Technologies ◽  
Tourism Industry ◽  
Practical Significance ◽  
Information Collection ◽  
Successful Operation ◽  
Internet Technologies ◽  
Managerial Decisions ◽  
Theoretical Synthesis ◽  
Scientific Substantiation ◽  
Tourism Enterprises

Purpose: scientific substantiation of new ways to improve personalized interaction with tourist companies' clients based on the use of modern Internet technologies. Methods. A theoretical synthesis of scientific sources concerning of usage of Internet technologies in the framework of relations with clients (I. Reshetnikova, S. Ilyashenko, E. Pan, P. Gumble, R. Johnson and D. Ford, S. Melnichenko, M. Boyko, V. Lukyanov, G. Munin, Yu. Pravyk). An analysis of the activities of domestic and foreign tourist enterprises regarding the personalization of relations with clients shows that at the present stage there is a tendency to switch from a strategy of concentrated marketing to a strategy of personalization, where each client is offered an individualized service complex. Results. Personalizing relationships with clients for the tourism industry is an extremely important factor in the development and profit making, since communication in tourism involves close interaction with consumers and their individual requests and wishes. Ukrainian companies that implement the principles of personalization often face the lack of scientifically based methods for preparing and adopting managerial decisions using modern information technologies. As a result of the scientific search, there have been offered various innovative ways and means of optimizing the work of tourism company managers for personalized interaction with customers through Internet technologies, which include modern analytics services, information collection and processing, as well as tools that allow the creation of personalized emails, promotional advertisement, content, etc. The scientific novelty lies in the complexed integrated differentiated assessment of the use of IT-technologies for the formation of personalized relations of a tourism enterprise with customers. The practical significance. The integrated implementation of modern personalized marketing tools ensures effective and long-lasting relationships with customers, which is the key to the successful operation of the company's tour in the market.

scholarly journals Effectiveness of budget expenditures in context budgetary regulation of public development

2021 ◽  
pp. 225-231
Author(s):  
Olga Samoshkina
Keyword(s):  
Public Relations ◽  
Economic Efficiency ◽  
Financial Management ◽  
Basic Material ◽  
Budget Process ◽  
Resources Management ◽  
Public Financial Management ◽  
Efficiency And Effectiveness ◽  
Budget Policy ◽  
Structural Methods

 Relevance of the research topic. Modern public financial management systems need to increase the level of effectiveness of the use of budget funds in addressing the strategic priorities of the country's development in various spheres of public relations. The issues of assessing the efficiency and effectiveness of the formation and use of budget expenditures in the development and implementation of budget policy, the integration of the assessment of budget effectiveness in the budget process are becoming important. Formulation of the problem. Given the need to implement an effective budget policy of socio-economic growth, the task of assessing the effectiveness and socio-economic efficiency of budget expenditures at all stages of the budget process in terms of application of program-targeted method of budget resources management. It is also important to optimize the distribution and use of budget resources between budget programs, budget managers, taking into account the criteria of priority, to obtain specific public significant results. Analysis of recent research and publications. The work of foreign and domestic scientists K. Weiss, E. Vedung, A. Premchand, V. Tanzi, L. Vasyutinska I. Zapatrina, N. Kornienko, V. Fedosov, I. Chugunov and others is devoted to the issue of assessing the efficiency and effectiveness of the use of budget funds. Selection of unexplored parts of the general problem. Research on the effectiveness of budget expenditures in budget management is updated due to the need to effectively and efficiently address the priorities of the country in various spheres of public relations, the use of budget expenditures as a tool for regulating socio-economic processes in the country. Setting the task, the purpose of the study. The objectives of the study are: to reveal the essence of the effectiveness of budget expenditures, the peculiarities of its evaluation in the system of program-target method of budget resources management; development of approaches to assessing the effectiveness and socio-economic efficiency of budget expenditures, budget programs and budget activities of public administration. The purpose of the study is to reveal and improve the theoretical and methodological provisions for assessing the effectiveness of budget expenditures in the context of budgetary regulation of public development. Method or methodology for conducting research. The article uses a set of research methods: dialectical, systemic and structural methods, comparative and factor analysis, methods of scientific abstraction, analysis, synthesis and others. Basic material presentation (results of work). The essence of the effectiveness of budget expenditures and the peculiarities of its evaluation in the system of program-target method of budget resources management are revealed. Approaches to assessing the effectiveness and socio-economic efficiency of budget expenditures, budget programs, budget managers, as well as its integration into the budget process have been developed. The field of application of results. The results of the study can be used in the development and implementation of public policy in the field of budget expenditures, reforming the public financial management system. Conclusions according to the article. The effectiveness of budget expenditures occupies a central place in the program-target model of budget resources management, which involves the implementation of processes of planning, implementation and control over the expenditure of the budget depending on the assessment of the expected and achieved level of effectiveness of budget programs. Evaluation of planned and actual effectiveness of budget expenditures, expected and achieved socio-economic efficiency of budget expenditures should be carried out at all stages of the budget process at the level of budget programs, the main managers of budget funds, their groups and the branch as a whole.

scholarly journals Are We Really Lacking the Effectiveness of Financial Resource Management in the Defence Sector?

2020 ◽  
Vol 19 (1) ◽  
pp. 5-15
Author(s):  
Gábor Bencsik
Keyword(s):  
Resource Management ◽  
Free Rider ◽  
Financial Resource ◽  
Financial Resources ◽  
Recent Past ◽  
Budget Share ◽  
Defence Budget ◽  
Defence Sector ◽  
Article 5

Recently, the increase of spending in the sector of defence has opened up larger and larger spaces for the development / modernisation potential of individual countries. However, in this “resource overflow”, the effectiveness of the use of financial resources for defence is undermined. This study takes a look at the dangers of the ever-decreasing defence budget share (dangers well known in economics and well known in the field of defence sphere in the recent past) and the “free-rider effect” observed in different members states of the NATO (related to e.g. NATO Article 5) and reviews the effectiveness of financial resource management.

scholarly journals RESEARCH ON THE INFLUENCE OF PERSONNEL COMPETENCIES ON THE EFFICIENCY OF TOURIST ENTERPRISES MANAGEMENT

2018 ◽  
Vol 10 (4) ◽  
Author(s):  
K. Kozak ◽  
A. Mokan
Keyword(s):  
Resource Management ◽  
Human Resource Management ◽  
Human Resource ◽  
Tourism Industry ◽  
Management Systems ◽  
Management Technology ◽  
The Subject ◽  
Tourism Enterprises ◽  
Positive Factor

The article explores the essence and features of tourist enterprises management, as well as themost important competencies of the personnel which influence the efficiency of these enterprises. Thesearch for new opportunities in achieving a higher level of efficiency of the tourism industry enterprises determines the need to understand the essence and features of management of these enterprises in the current conditions of development of the tourist market. Human resource management is one of the most important components of enterprises management and the choice of a particular individual method of personnelmanagement at the enterprise is a positive factor in its overall activities. The evolution of the tourist marketand the evolution of management systems require that managers of tourism enterprises should take into account the certain features of their management technology and the competencies of the personnel of theseenterprises. This is the subject of the study in this article.

scholarly journals Methodical foundations of the classification of innovations in the tourism sector of the Russian Federation

2019 ◽  
Vol 80 (4) ◽  
pp. 366-370
Author(s):  
Yu. A. Solodovnik
Keyword(s):  
Russian Federation ◽  
Price Competition ◽  
Tourism Industry ◽  
Practical Significance ◽  
Maximum Effect ◽  
Quality Level ◽  
Tourism Sector ◽  
The Russian Federation ◽  
Tourism Enterprises

The article discusses the methodological foundations of the classification of investments in enterprises of the tourism industry of the Russian Federation. Considered the need for implementation and identified key factors of innovation in the tourism sector. The most important and significant factors directly influencing the intensity of innovation in the functioning of subjects of the tourism sector include the following: the increase in the level of competition in modern tourism is a direct consequence of the transition of subjects of the tourism sector from aggressive price competition to the principles of competition as part of increasing the quality level and optimal ratio quality and price indicators; The rapidly growing needs of modern society are forcing tourism enterprises to form more sophisticated, rich and diverse products and offer the most unified and, at the same time, extraordinary services; the active development of information, technical and communication technologies stimulate the subjects of the tourism sector to introduce and apply the latest achievements of science and technology to improve performance indicators and meet the needs of tourists; the intensification of globalization processes is the reason for the diversification of the production of tourism services and the unification of tourism enterprises at the national and international levels. It has been established that innovation in the field of tourism needs to be understood as a qualitatively new product that comprehensively allows to meet the existing and potential needs of tourists and get the maximum effect (socio-economic, financial, etc.). It is determined that the state and development of the industry determine the possibilities for implementing innovation and investment activities of a separate tourism enterprise, based on its internal needs and available resources. It was found that the generalization and complex systematization of classification elements and features, as well as the formation of a scientifically based list of innovations used in the operation of companies in the tourism sector, has significant practical significance, since it determines the potential ability to give a detailed idea of the characteristics of a particular innovation.

ESSENCE AND SPECIFICITY OF ECONOMIC SECURITY IN THE TOURISM INDUSTRY

2019 ◽  
Vol 4 (3) ◽  
pp. 33-38
Author(s):  
Viktoriia TKACH
Keyword(s):  
Negative Impact ◽  
Practical Experience ◽  
Economic Security ◽  
Tourism Industry ◽  
Practical Significance ◽  
Economic Relations ◽  
Universal Category ◽  
Legislative Framework ◽  
Tourism Enterprises ◽  
Key Aspects

The article is devoted to the principles of functioning and development of economic security in the tourism industry in Ukraine. The urgency of creating an effective system of economic security in tourism is considered and the necessity of applying a multi-element system of economic security in the tourism industry of Ukraine is substantiated. Economic security is considered as one of the priority areas for the development of the tourism industry, which has a significant impact on the development of the country's economy. The purpose of the article is to determine the essence of economic security of the enterprises of the tourist industry, taking into account the specifics of their activity and the peculiarities of development in modern conditions. In this study, one of the key aspects of the development of the national tourism industry is the analysis of the basic elements of economic security and the assessment of their impact on the development of tourism enterprises. Economic security of the tourism industry is a universal category, showing the level of security of the subjects of socio-economic relations at all levels, which combines a complex system of means that ensure the economic stability of tourism industry. The economic security of each enterprise of the tourism industry is individual, its completeness and effectiveness depend on many factors, namely, an important influence is exercised by the state regulatory and legislative framework; the total amount of logistical and financial resources allocated by the heads of enterprises; understanding of the importance of guaranteeing economic security for each of the employees, as well as the practical experience of the heads of enterprise security services. Effective economic security of the tourism industry is possible only through a comprehensive and systematic approach to its organization. Economic security provides an opportunity to evaluate the prospects of the enterprise, to develop a tactical and strategic system of development, to reduce the effects of financial crises and the negative impact of possible new threats and dangers. The practical significance of this article is that the results obtained can be used to develop scientific and practical approaches to the organization of an effective economic security system in the tourism industry, as well as conclusions and recommendations can be the basis for the formation of state strategic directions for the rational management of tourism enterprises, which will help to solve economic and social problems and ensure a functional work in the tourism industry. Key words: economic security, tourism industry, elements of economic security, tourism economy.

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