List articles
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№ 6(12)
01 november 2008 year
Rubric: Industry competition (the banking sector) The author: Sandler D. G. |
Efficiency is objectively regarded as the main concept and universal development goal private businesses and regions as a whole (taken as business entities) have. It is especially important to regard it as such if we consider the consistent competitiveness development in the medium and short term. After the research has been finished, the article author has come to the following all-encompassing conclusion: it is the efficiency that can ensure the synergies on different levels — from the national economy level to a regional level or the level of an enterprise or an individual if the efficiency is regarded as THE goal, THE ideology and THE indicator.
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№ 6(12)
01 november 2008 year
Rubric: Industry competition (the banking sector) The author: Terent`ev N. E. |
The article examines the loan-related risk assessment issues that are associated with the commer¬cial banks' loan portfolio formation process. The author's attention is focused on the borrower's bankruptcy theoretical frequency analysis. The author describes the assessment methodology to be used in this case. The approach offered is based on the cash flow simulation examination and on the data use to make estimates of the loan portfolio losses. The author describes a borrower's cash flow simulation building technology that is based on the sector typical borrowing scenario identification.
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№ 6(12)
01 november 2008 year
Rubric: Industry competition (the banking sector) Authors: Kuznecov V. I., Mihajlova M. V. |
Today much attention is paid to the issues connected with the business' (including the loan organizations') competitiveness level improvement. The general trend that is typically found at the modern banking services market is the sustainable growth in the number of services rendered by the banks that participate in the inter-bank competition. In view of the above, it is especially important to form the regional bank development strategy. The author tries to explore a number of issues connected with the regional banks' strategy development in an environment where the country financial center large banks' branch regional network is growing fast. The author takes Yakut Republic as an example. First of all, the large banks' branches are emerging in the regions that have rich mineral wealth deposits.
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Professional HR management standards were adopted in 2007. They are to become the main tool that helps identify HR management professionals. Each HR professional, both a beginner and a quite experienced HR director who reads these standards, can find something to learn and something that should be used in practical work. However, the main barrier that is found on the way of the HR standards introduction and use is the banks' and non-financial organizations' top management's hardly removable inability to understand the role and the status of an HR manager. Today HR managers' operations in many banks are organized according to the principle of not trou¬bling the trouble until it troubles them. Such state of affairs is a source of various HR-related risks, property, reputation and goodwill loss. It makes the financial work results worse and decreases competitiveness level of the banks. What are the prospects of professional HR managers' standards introduction? Is it possible to make the standards a part of each modern competitive bank's policies? The above issues are among those that are included into Ashot Aleverdov's article. Prof. Alaverdov is a renowned scholar, author of manuals and monographs dedicated to bank management and HR management in banks.
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As the Russian economy integrates pro-actively into the world economic community, the require¬ments set to the university graduates are changing, and the changes are substantial. As the role the banking sector plays in the modern economy is important, it is vital to improve the quality of training provided to the students who major in the subjects that pertain to this field of study. The article author shows the algorithm to be used to make a competence-based model that could describe the characteristics that should be found in a graduate of a university where banking sec¬tor-related subjects are taught.
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One of the most important goals a business has in a competitive environment is to do the strategic planning and to elaborate a business development strategy. Unfortunately, many Russian busi¬nesses have failed to fulfill the task. The main reason why they have failed is the fact that a strategic planning theory and methodology that could suit the Russian businesses and that is in line with the achievements made by the world economic and management theory developers has not been elaborated in full.
Our editorial board has asked Georgy Kleiner, a renowned Russian scientist, to give us his opinion on the business strategy choice and implementation issues. The methodology he uses in his works includes the traditional tried-and-true principle of moving from the abstract to the specific and from the specific to the implementation stage. Using the methodology, he shows the essence of the strategic approach used when elaborating a business development theory and choosing a business management principle.
The main goal of the article is to determine the business strategy development process require¬ments that should be in line with the findings of the external and internal business environment research in which the entities that make decisions and fulfill the strategic tasks were examined. When forming a business strategy, it is important to streamline each sector business's strategy choices that seem to be endless and to describe the restricted and countable number of variants to choose from. The author's second goal is to elaborate and describe the recommendations needed to be followed when the businesses are on this necessary stage of the strategy development process.
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