Economics is an ancient science. Its beginnings were laid in the kingdom of Babylonia in 1800 BC, when the first set of laws for the management of the state was created. Among them were the laws of economic management – the economy. In modern society, the role of economics and economic science has increased so […]
Tag: choice
Depreciation and amortization of fixed assets
Fixed assets are subject to physical and moral deterioration. Physical deterioration consists in the fact that fixed assets over time gradually lose their production and technical qualities and completely fail, i.e. lose their use value. For different groups of fixed assets, physical wear and tear manifests itself in different ways. For equipment, wear is expressed […]
Analysis of the external environment (analysis of the industry and the competitive situation)
To develop a strategy, perseverance, creativity and your own opinion are not enough, you also need a thorough analysis of the internal and external environment of the company, otherwise the strategy will not be viable. Particular attention should be paid to two groups of factors: first, the conditions in the industry and competition, and secondly, […]
Performance evaluation, environmental monitoring, adjustments and monitoring
Assessing the effectiveness of the organization and progress in its activities is one of the main tasks. It is necessary to constantly monitor the internal and external environment of the company. Low efficiency, insufficient progress, important new circumstances require changes in the long-term course of the company’s development, goals, business model and / or strategy. […]
Stages of development of competitive strategy
Strategy means the choice of the company’s development paths, markets, methods of competition and doing business. The process of developing and implementing the strategy consists of five interrelated tasks: Formation of a strategic vision for the future of the company. In other words, determining the long-term development prospects, formulating the future image of the company […]