THE FORMATION OF THE ECONOMIC STRATEGY OF THE ORGANIZATION (FOR EXAMPLE, EDUCATIONAL INSTITUTIONS)

Authors

  • H. M. Bychkova Belarusian state University of transport, Belarus
  • L. O. Sorokoletova Belarusian state University of transport, Belarus
  • O. O. Kovtun Belarusian state University of transport, Belarus

DOI:

https://doi.org/10.15802/stp2006/19708

Keywords:

economic strategy, relationships

Abstract

In present-day economic conditions the activities of each economic entity is in the centre of attention of a wide circle of participants of market relations (legal and physical and persons), interested in the result of its functioning. The basic tool for an estimating the financial state of an enterprise is such kind of analysis which makes possible to estimate objectively the internal and external relations of the object being analyzed: to describe its solvency, efficiency and profitability of its activities, the prospects of development, and then, judging from the results, to make grounded decisions. The financial analysis enables to estimate the proprietary state of the enterprise, the degree of entrepreneurial risk, sufficiency of capital for current activities and long-term investments, the needs of extra financial sources, the validity of its income distribution policies.

Author Biographies

H. M. Bychkova, Belarusian state University of transport

H. M. Bychkova

L. O. Sorokoletova, Belarusian state University of transport

L. O. Sorokoletova

O. O. Kovtun, Belarusian state University of transport

O. O. Kovtun

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Published

2006-03-25

How to Cite

Bychkova, H. M., Sorokoletova, L. O., & Kovtun, O. O. (2006). THE FORMATION OF THE ECONOMIC STRATEGY OF THE ORGANIZATION (FOR EXAMPLE, EDUCATIONAL INSTITUTIONS). Science and Transport Progress, 10(10), 146–150. https://doi.org/10.15802/stp2006/19708

Issue

No. 10 (2006): ISSUE 10

Section

ECONOMICS AND МANAGEMENT

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