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A business' competitiveness level is determined by the business' competitive potential, and the factors that contribute to the changes in the potential include not only the industrial capacity, product range and quality but also the business management system characteristics. The article author examines the businesses' competitiveness level changes. He sees a company management system change as a factor that influences the businesses' competitive potential change. He also examines what role the fitness-for-purpose principle plays on difference business lifecycle stages. The article author makes a conclusion that the modern business' institutional change is largely stochastic and uncertain as far as the information delivery is concerned. The author states that the mathematical component of the system theory should be used in order to thoroughly examine the phenomena. The concept of uneven distribution of structures described by the system theory helps describe the lifecycle change process using the terms and definitions used in the probability theory.
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№ 2(14)
01 march 2009 year
Rubric: Strategy and tactics Authors: Ozornina O. V., Ruzhanskaya L. S., Sysoeva M. Y. |
Despite the fact that the information transparency is one of the many aspects of the corporate management system, it is the most important one among the factors that contribute to the investor confidence level change that determines the dynamics of the company attractiveness level. The information transparency is an important factor that contributes to the company competitiveness level change. The investors are to be sure that the information the company provides is full, accurate and reliable. The article author's goal is to determine the way the information transparency influences the company ordinary shares' value. The value change, in its turn, contributes to the change in the competitiveness level of a company that is present on the capital market. The article is aimed at institutional investors, top managers, and investment analysts.
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The Russian banks have not been paying enough attention to the retail payment services segment while having low expenditure and getting good income from loan business and operations with the Russian Central Bank. Now that they are suffering from the crisis, the banks' income from investment and loan business has plummeted, and they have to look for other income sources. It is appropriate to mention here that one of the basic bank's functions is to be an intermediary in payment-making activity, including the operations made by the individuals. The international experience shows that the income from such kind of operations has always been similar to the interest income. The author argues that it is time for the banks to enter the market segment. Nevertheless, it turns out the market segment is already successfully occupied by other players proceeding from the non-bank market segment. The banks are now beginning to address the legislators to change the market situation. The article author thinks the Bank of Russia as a state representative regulating the market operations should create the same business opportunities for all the stakeholders to play on the market, put an end to the overregulation of banks' operations and set certain requirements for the non-bank organizations to meet, that is, the registration requirements, the equity capital requirements, the risk management requirements, etc.
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The world economy is on the verge of a new wave of the technology change. After the changes have occurred, the human capital would play a much more important role in the social and economic development and make redundant many of the factors that have been traditionally contributing to the economic growth. The authors of the recent annual report published by the World Economic Forum consider the HR development as one of the fundamental groups of factors that contribute to the national economy competitiveness level change. The Russian economists have begun thoroughly examining the role the human resources play in the economy only recently, and the human capital is a factor that determines the competitiveness-related ratings in the post-industrial economies.
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Modern researchers have not elaborated a unified approach towards the terms competitive position and a business' competitive position yet. The term competitive position is rather often seen as a marketing term and is interpreted in the same way as a marketing position. The article author describes here his position and states that the interpretation is erroneous.
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The market is traditionally seen by the public as a scene where the private property is clearly domineering and where the private businesses are enjoying the real freedom. The article author enters the hot debate and describes the problems that are faced by the players who operate on the Russian market where the system-forming core of the forcefully established social relations is a thick bureaucratic layer whose members are well-protected and act as a self-governing omnipotent force. According to the author, it is impossible to change the situation for the better unless a new generation of people that would want to serve the Motherland and not themselves and their inner circle comes to power.
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