Kazan (Volga region) Federal University, KFU
KAZAN
FEDERAL UNIVERSITY
 
MODERN ECONOMIC MANAGEMENT MODEL EFFICIENCY BUSINESS AND CRITICISM TRADITIONAL BUDGETINGS
Form of presentationArticles in international journals and collections
Year of publication2020
Языканглийский
  • Nasibullina Aliya Serdarovna, author
  • Bibliographic description in the original language Sokolov A.Y, Abdullaeva A.S., Modern economic management model efficiency business and criticism traditional budgetings // International journal of engineering research and technology. – 2020. – Volume 13, Issue 12. – Pp. 4539–4542.
    Annotation The article describes the concept of corporate performance management (CPM), its strategic role and actuality in current terms of doing business. The author analyses and classifies CPM maturity levels, reviews fundamental performance management instruments, presents key factors of successful CPM implementation and key activities for business performance improvement in a strategic perspective. Economic management efficiency activities directed at optimizing implementations strategies and consisting of a set of integrated cyclic analytical process, supported corresponding technologies and related how to apply for financial assistance, so to the operating room information. BPM allows the company to determine, measuring and manage efficiency its activity, directed at achieving strategic purposes. Key financial and operating systems processes BPM enable planning and budgeting, consolidation and reporting, key data analysis indicators efficiencies and their distribution within the organization. Also, the article deals with the relationship between budgeting and the business system management efficiency. Management efficiency of business activities (English the terms CPM, BPM, EPM) — this is a set managerial processe (plannings, organizations accomplishments, monitoring and analysis), which are allowed to define a business strategic goals and then to evaluate and to manage activity on achievement delivered goals at the optimal level usage existing resource.
    Keywords Business performance management (BPM); Corporate performance management (CPM); Enterprise performance management (EPM); Key performance indicators (KPI); Performance improvement; Strategic goals; Strategy execution
    The name of the journal International Journal of Engineering Research and Technology
    URL https://www.scopus.com/inward/record.uri?eid=2-s2.0-85099307926&partnerID=40&md5=2404be007df951f9c52072c5d040e2c2
    Please use this ID to quote from or refer to the card https://repository.kpfu.ru/eng/?p_id=255620&p_lang=2

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