scholarly journals The Basic Principles for Achieving Success through Accurate Financial Analysis and Management Automation of the Organization

2021 ◽  
pp. 36-42
Author(s):  
Sargis Galstyan ◽  
Karlos Margaryan
Keyword(s):  
Business Processes ◽  
Financial Analysis ◽  
Resource Saving ◽  
Foreign Markets ◽  
Basic Principles ◽  
Eurasian Economic Union ◽  
Long Run ◽  
Economic Union ◽  
The Right ◽  
And Control

This article is a scientific research, where are highlighted such issues as effective management and control of the financial resources. Taking as a basis international experience and own approaches, we offer some solutions, which can significantly contribute to the improvement of the business processes within an organization. In particular, giving businesses the right to operate more freely by reducing administrative impact, and automating various processes within the organization will enable the transition from resource-intensive management to resource-saving management, which in the long run will improve organization’s competitiveness in both domestic and foreign markets. In this article the authors also refer to the system of cost normalizations within The Eurasian Economic Union (EAEU) member states, revealing the gaps in some legislative acts and provisions, and suggesting the use of alternative mechanisms.

scholarly journals The Eurasian economic union: trends and prospects for development in digital economy

2020 ◽  
Vol 210 ◽  
pp. 13025
Author(s):  
Anastasiуa Vorona ◽  
Lyudmila Kopteva ◽  
Anna Trushevskaya
Keyword(s):  
Union Member ◽  
Digital Transformation ◽  
Member States ◽  
Free Trade Zones ◽  
Eurasian Economic Union ◽  
Long Run ◽  
Key Sectors ◽  
Trade Turnover ◽  
Economic Union ◽  
The Creation

Currently the Eurasian Economic Union defines its main tasks as the creation of an image of the significant center for the development of international trade, enhancement of mutually beneficial partnership with member states and other countries, the creation of new formats for international cooperation. At the present days the Eurasian Economic Union is filled with real economic content. Multilateral projects are being implemented, primarily in key sectors of the economy, that are energy and transport. In the long run, the formation of a monetary union is possible. Development of currency integration, as a component of economic unity, presupposes the process of implementing a coordinated policy of the EAEU countries, as well as the creation and functioning of the organizations performing interstate currency regulation. In the article the dynamics of the main economic indicators of the Eurasian Economic Union functioning is considered. The data on the trade turnover of the EAEU member countries for 2019 is provided. The main directions of EAEU cooperation with third countries and integration associations are revealed, with particular attention being paid to the creation of free trade zones with Vietnam and Singapore. In the context of the organization and functioning of interstate unions, each of the member states of such unions, while ensuring their own security, also needs to manage both the threats to the security of other partners that have an indirect adverse effect and the threats that directly impact the whole union. The directions of digital transformation of the economies of the Eurasian Economic Union member states are considered. The problematic aspects of its functioning are highlighted.

scholarly journals PROBLEMS OF DEVELOPMENT OF FARMS AND THEIR SERVICING COOPERATIVES IN UKRAINE

2019 ◽  
Vol 2019 (5) ◽  
pp. 68-78
Author(s):  
Bogdan KUZNYAK ◽  
Keyword(s):  
Weather Conditions ◽  
Economic Education ◽  
The State ◽  
Family Farming ◽  
Foreign Markets ◽  
Long Run ◽  
The Family ◽  
Living Organisms ◽  
The Right ◽  
Organization Of Production

It is determined that the most common form of organization of production is the family farming. First, it is based on the unity of ownership and labor, which generates an interest in the efficiency of management. Secondly, this is an area where people deal with nature, living organisms that require special care, attention and rapid response to changing weather conditions. The owner and his family cope with all these unstable situations most successfully. It is revealed that modern farmers are managers who have professional equipment and agronomic, zoo-technical, and economic education, since without appropriate knowledge it is impossible to win in a tough competition. The state supports farmers financially, legally, provides and guarantees the right of ownership. It is substantiated that an important role in the development of farming is played by service cooperatives that are created by farmers in order to jointly sell products in the domestic and foreign markets in large lots at bargain prices, as well as to purchase means of production and create processing enterprises. This allows farmers to focus on production, to study and implement the achievements of science and technology, which increases the efficiency of production. The author shows that, in Ukraine, farms began to emerge after gaining independence and the country’s transition to market economy. However, this process is contradictory. The development of farming is hampered by the lack of price parity for agricultural and industrial products, state material and legal support, the lack of appropriate personnel as well as by corruption and raiding. It is proved that the creation of service cooperatives is important for the development of farming. It is analyzed that their development is hampered by the lack of: the state support, knowledge about cooperation and the benefits it provides to peasants, an understanding of the essence of cooperation by the highest bodies of agricultural structures. The author reveals that (i) the world experience of the development of farming and service cooperatives should be taken into account and (ii) it should be stated in the Constitution of Ukraine that the basis of the agrarian structure are farms, which in the long run should become the main producer of agricultural products, and service cooperatives as their constituent part.

Improving the Legal Framework for Social Partnership in the Eurasian Economic Union States under International Labor Standards

Lex Russica ◽  
2020 ◽  
Vol 1 (1) ◽  
pp. 160-175
Author(s):  
M. Kh. Khasenov
Keyword(s):  
Legal Framework ◽  
International Standards ◽  
Freedom Of Association ◽  
International Labor Standards ◽  
Social Partnership ◽  
Eurasian Economic Union ◽  
Labor Legislation ◽  
International Labor ◽  
Economic Union ◽  
The Right

In the paper, the author examines the legal mechanism of social partnership in the States of the Eurasian Economic Union for compliance with international labor standards. The status of ratification of the ILO conventions in the field of social partnership in the EAEU Member States is defined, and a brief description of international standards in the exercise of the right to freedom of association, the institution of employee representation, and the implementation of forms of social partnership is given. The author concludes that some approaches to the legislative regulation of collective labor relations differ from international standards, and in some cases contradict them. Based on the analysis of labor legislation, gaps and conflicts in the regulation of collective bargaining procedures, mutual consultations and exchange of information, as well as ensuring the right to freedom of association and representation of employees in social partnership are identified. There is no uniformity in the definition and regulation of forms of social partnership in the EAEU States. The legislation of the EAEU States is characterized by heterogeneous conditions for conducting consultations: in some countries, this form of social partnership is implemented through the mechanism of coordination of important decisions and acts of the employer (Belarus, Kyrgyzstan) with employees’ representatives, in others through the mechanism of taking into account the opinion of the representative body of employees (Kazakhstan, Russia). In Armenia, the labor legislation does not provide for a counselling mechanism. The national legislation of a number of States contains rules that violate the right to freedom of association. The Committee of experts on the application of ILO conventions and recommendations has repeatedly noted this in its reports and recommendations. The author formulates recommendations for improving the legal framework of social partnership in the EAEU States in order to implement international obligations. In particular, it is recommended that the legislation of the EAEU States provide for a more systematic and clear mechanism for regular exchange of information between employees and the employer and their representatives as an independent form of social partnership.

A Framework for Improving ‘Sales and Operations Planning’

Metamorphosis ◽  
2014 ◽  
Vol 13 (1) ◽  
pp. 16-25 ◽  
Author(s):  
Rakesh Kumar ◽  
Samir K. Srivastava
Keyword(s):  
Supply Chain ◽  
Business Processes ◽  
Planning Process ◽  
Supply And Demand ◽  
Operations Planning ◽  
Planning And Control ◽  
The People ◽  
Long Run ◽  
Operational Issues ◽  
And Control

Sales and Operations Planning (S&OP) initially came to existence in manufacturing in the late 1980s and has been around for about three decades now. It is the long-term collaborative planning process of production levels relative to sales within the realm of a manufacturing planning and control system at the Stock Keeping Unit (SKU) level. S&OP has evolved into a major business process adopted to manage the balance and trade-off between the conflicting preferences of the supply and demand side of the supply chain and offers many value creation opportunities. It is one of the most critical business processes used to achieve best in class performance to consistently outperform competitors. It is increasingly being viewed as essential to synchronise the entire supply chain in order to improve its efficiency, as once the S&OP process is institutionalised, it will enhance supply chain efficiency in the long run. It will also help the supply chain partners to understand and overcome supply chain risks resulting from market volatility. For this, firms must develop and deploy excellent leadership capabilities so that S&OP processes are in place and supported well within and across the supply chain. Although easy to understand, S&OP can be difficult to implement. Explaining the importance and working of S&OP, defining the key S&OP objectives and the role of people, process and technology, this article tries to address many evolving S&OP related operational issues from the people, process and supply chain perspective. It also prescribes practical ways to improve and institutionalise a strong S&OP process within a firm and consequently across the supply chain. Thereafter, it provides a useful framework to forecast ownership and suggests as to what should be discussed in S&OP meetings. Finally, it highlights the need to align the plans on a continuous basis and suggests a framework for the same.

scholarly journals FORMATION OF AN INTERSTATE SPECIALIZED ZONE FOR THE PRODUCTION OF AGRICULTURAL PRODUCTS

2018 ◽  
Keyword(s):  
Synergistic Effect ◽  
Agricultural Products ◽  
Basic Principles ◽  
Dynamic Development ◽  
Eurasian Economic Union ◽  
Agricultural Potential ◽  
Economic Union ◽  
Effective Use

оnе of the basic principles of the functioning of the Eurasian Economic Union is to achieve a common synergistic effect, which allows simultaneously to ensure the level of dynamic development of his agrarian sphere of economy and each country of the Union through the effective use of aggregate of agricultural potential. This will serve as a basis for fruitful mutually beneficial and comprehensive cooperation in the agrarian sphere of the economy, both within the Union and beyond.

scholarly journals Armenia’s possible issues with respect to applying Common Customs Tariff and Prospects on the Amounts of Transferred Customs Duties upon Accession to the Eurasian Economic Union

2018 ◽  
pp. 178
Author(s):  
Anna Rooseveltovna Makaryan
Keyword(s):  
Currency Crises ◽  
Methodological Approach ◽  
Import Substitution ◽  
Medium Term ◽  
Member States ◽  
Eurasian Economic Union ◽  
Review Analysis ◽  
Long Run ◽  
Economic Union ◽  
Practical Implications

Purpose: to identify the possible issues with respect to applying Common Customs Tariff (CCT) and prospects on the amounts of the transferred Customs Duties upon Armenia’s accession to the Eurasian Economic Union (EAEU). Design/Methodological approach: Based on the literature review, analysis of the statistical data to identify those factors that would explain the growth reported in the amounts of transferred customs duties from the authorized authorities of Member states of the EAEU and what are the possible issues related to switching to the CCT. Findings: Armenia attempted to substitute imported goods from third counties with products originating within EAEU borders during the period 2015-2017. However, the strong growth of the economy could result in an increase in imports as well, especially from third countries. Therefore, Armenian companies could somehow suffer from applying of CCT over the medium term and in the long run. Applying CCT “is not likely to create problems for Armenian commitments to the WTO” (Tarr, 2016:7-8). The pattern of the transferred customs duties over the period 2015-2017 pinpointed the vulnerability of amounts received to currency crises in other member states, thus leading to poor economic performance and decline in imports from third countries. Conclusion: There is some uncertainty on how soon the progress in integrating the EAEU markets could be made, and specialization would take place to allow Armenian companies to fully substitute the supplies of third country origin with products originating within the EAEU markets. Meanwhile, Armenian companies would either opt for new suppliers or cooperate with old suppliers from third countries at least in the medium term. If Russia is successful and reports huge progress in implementing import substitution policies, Russian imports from third countries could drastically decrease, thus entailing a decline in amounts transferred as customs duties in the long-run. The vulnerability of the economies of Belarus, Kazakhstan, and Russia to currency crises would affect the amounts received as customs duties by Armenia. Practical Implications: The findings could be used by the Ministries of Finance, and Economic Development and Investments of Armenia in making their forecasts and building scenarios on budget revenues, economic growth, and in assisting Armenian companies to find new suppliers, especially in the EAEU member-states in the long-run.  

Concentrating political power is risk to Tajikistan

2016 ◽  
Keyword(s):  
Political Parties ◽  
Economic Stress ◽  
Constitutional Change ◽  
Content Type ◽  
Faith Based ◽  
The North ◽  
Eurasian Economic Union ◽  
Security Treaty ◽  
Economic Union ◽  
The Right

Subject Stability risks in Tajikistan. Significance In a May 22 referendum, voters in Tajikistan gave President Emomali Rahmon the right to stand for office repeatedly, in effect making him president for life. He is consolidating his power around a narrow base of relatives and allies at a time of particular economic stress. Another constitutional change banning faith-based political parties targeted the Islamic Rebirth Party (IRP), a significant and moderate force outlawed in 2015. Impacts Tajikistan will seek membership of the Eurasian Economic Union to secure better opportunities for labour migrants in Russia. Cut off by Uzbekistan to the north, Tajikistan will try to expand trade and energy routes to South Asia. Moscow will conduct regular counter-insurgency wargames through the Collective Security Treaty Organisation.

Project Management and Communication of Product Development through Electronic Document Management

2000 ◽  
Vol 31 (2) ◽  
pp. 6-19 ◽  
Author(s):  
Mokhtar Amami ◽  
Giorgio Beghini
Keyword(s):  
Project Management ◽  
Product Development ◽  
Business Processes ◽  
Organizational Memory ◽  
Document Management ◽  
Electronic Document ◽  
Long Run ◽  
Electronic Document Management ◽  
And Control ◽  
And Storage

While the literature on project management and product development is voluminous, in reality little of it addresses the questions of document management of new organizational procedures to increase project development productivity, and of software development tools required to support and control these procedures. This research study develops a new methodology to integrate project management (activities, milestones, and resources) and document management (responsibilities, authorizations, workflows, archives, and storage). The aim of the integration is threefold. First, it aims to plan and to control activities and documents essential for product development. Second, it aims to ensure the management of documents in terms of responsibilities, authorizations, dissemination, and storage. And third, it aims to trace and locate documents for any type of product. Further, this study shows the value of electronic document management (EDM) in terms of improving the management and communication of concepts and ideas, whether it be for project teams or organizations, for reengineering basic business processes, or for leveraging long-run organizational memory through documents.

scholarly journals Features of legal regulation of labor in the member states of the Eurasian Economic Union

2021 ◽  
Vol 128 ◽  
pp. 06010
Author(s):  
T.A. Izbienova ◽  
A.B. Vaiman ◽  
S.M. Sagitov
Keyword(s):  
Trade Unions ◽  
Legal Regulation ◽  
Public Authorities ◽  
Social Partnership ◽  
Eurasian Economic Union ◽  
Labor Legislation ◽  
Economic Association ◽  
Legislative Framework ◽  
Economic Union ◽  
The Right

In 2015, a new international integration economic association, the Eurasian Economic Union (hereinafter referred to as the EAEU), appeared on the economic and legal map of the world. Each member state of the EAEU, after gaining independence, as a result of the collapse of the USSR, independently formed a legislative framework in the field of labor, developed regulatory legal acts. Differences in the regulatory framework of the EAEU states, in particular, in the field of labor law, and their mutual economic integration, need to be compared in order to develop common principles, unification and harmonization of national legislation. In this regard, the article, based on the analysis of national labor legislation, assessed the prospects for regulating individual and collective labor relations and formulated conclusions on legal approaches to regulating social partnership relations, on the principles of the creation and functioning of trade unions and employers’ associations in the EAEU countries. In particular, the trade unions of the post-Soviet republics that are part of the EAEU have completely lost the right of legislative initiative, which corresponds to global practice. Currently, they can only make proposals for the adoption, amendment of regulations related to their area of competence. The position of trade unions as social partners on the adoption and amendment of labor legislation has ceased to be mandatory, and is often not taken into account by employers and public authorities.

Enabling Vendor Diversifiable Enterprise Integration

2013 ◽  
pp. 275-294
Author(s):  
Lloyd Rebello
Keyword(s):  
Conceptual Model ◽  
Real World ◽  
Business Processes ◽  
Reference Architecture ◽  
Enterprise Integration ◽  
Basic Principles ◽  
Practical Guidance ◽  
Integration Project ◽  
And Control ◽  
Service Interface

Without effective architectural oversight, enterprises risk stifling their ability to innovate, because vendor products are too tightly woven into their key business processes, which impedes the evolution of their technology environment in support of business needs. Vendors gain negotiation leverage due to monopoly on the technology that supports key enterprise processes and capabilities. The goal of this chapter is to provide practical guidance on business flexibility advantages through carefully managed vendor diversification options for enterprises that are implementing Service-driven applications and integration solutions. The approach presented in this chapter recommends adherence to four basic principles, namely, owning the ability to control delivery channels and integration, compartmentalizing concepts into fulfillment roles in the Service-driven enterprise, using a vendor agnostic enterprise service interface, and owning the key data. The dual reinforcing concepts of ownership and control underpin the vendor diversification opportunities. A reference architecture is presented that distills these principles into a conceptual model that can be applied to any enterprise. A real world transportation and logistics business enterprise integration project is used as an example to illustrate the advantages of using vendor agnostic principles in a Service-driven environment.

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