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Financial responsibility center as a budget management element of a medium-sized business entity


Marina Pogudaeva, Aleksandr Plekhun
(about the authors)

Pogudaeva Marina Y. – Doctor of Science, Economics, Professor of the Chair of Theoretical and Applied Economics of the Economic Faculty of the Institute of Economics, Management and Law (Russian State University for the Humanities, Moscow)

Plekhun Aleksandr V. – Postgraduate of the Chair of Theoretical and Applied Economics of the Economic Faculty (Russian State University for the Humanities, Moscow)

Published in:
Russian Journal of Entrepreneurship
– Volume 16, Number 21 (November, 2015)



Keywords: business, entrepreneurship, financial responsibility center, management, medium business, medium-sized business


Citation:
Marina Pogudaeva, Aleksandr Plekhun (2015). Financial responsibility center as a budget management element of a medium-sized business entity. Russian Journal of Entrepreneurship, 16(21), 3723-3734. doi: 10.18334/rp.16.21.2014


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Abstract:

A management model of medium-sized business entities that is based on the financial responsibility centers has been considered in this article. The correlation between the complex of operative administration measures and management model of formation of an enterprise’s cost and profit centers has been described within the scope of this research. The advantages of introducing this model in medium business entities have been revealed and described.








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