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Managing conflict in the organizations


TABLE OF CONTENTS





INTRODUCTION 3VVEDENIE 3VVEDENIE 3



1. The essence of the conflict in the organization 51. The essence of the conflict in the organization 51. The essence of the conflict in organizations 5



1.1. Conflict Types July 7



1.2. The main causes of conflicts 20 20



2. Events management processes of conflict in the organization 232. Events management processes of conflict in the organization 232. Events management processes of conflict in the organization 23



2.1. Approaches to the diagnosis of the conflict 23 23



2.2. The strategy of intervention in the conflict 27 27



Conclusion 34Zaklyuchenie 34Zaklyuchenie 34



REFERENCES REFERENCES 36SPISOK 36SPISOK LITERATURE 36



INTRODUCTION





Every human life has its own objectives related to different areas of life. Everyone aspires to achieve something his or try to do anything on his own. But often people related by ties of joint business face in their own interests, and then there is a conflict, it disrupts people, translates them into a state where they begin to manage emotion, not reason. If in ordinary life situations of conflict for the most part except for a time of stress and mental unbalance us nothing in life is not presented, then the manager of conflict is one of the main enemies, because consequences of it can be very unpredictable. So one of the functions of the manager as a person working with people is the ability to prevent conflict situations, smoothing their consequences, dispute resolution, the ability to bring people out of hostility to the interests of cooperation and mutual understanding.



Relevance of the theme of the course work that often managers who can not concentrate or hold in a conflict situation, take the objective position themselves instinctively try to avoid conflict or to postpone it or that does not fully address the problems in the business team.



The aim of this work is to manage the processes of conflict within the organization.



To fulfill this goal, the following objectives:



- To study the theoretical foundations of conflict management in the organization;



- To consider measures to manage the conflict situation of the organization.



The object of study in this course work is the conflict in the organization, and the subject - conflict management processes in the organization.



Methods of investigation are: analysis of the literature, grouping and summarizing.



The theoretical basis of the course work are the works of Russian and foreign scientists in the field of personnel management.



Note that in the early writings on management, tend to emphasize the importance of the harmonious functioning of the organization. According to the authors, if you find the right formula, the organization will act as a well-oiled machine. Conflicts within the organization, have always been considered, and are regarded as very negative phenomenon. Today's management theorists recognize that the complete absence of conflict within the organization - the condition is not only impossible but also undesirable.



1. The essence of the conflict in the organization





The conflict - it is an essential aspect of human interaction in society, a kind of cell of social life. This form of relationship between the potential or actual social actors, the motivation of which is due to the opposing values ​​and norms, interests and needs. A significant aspect of social conflict is the fact that these entities operate within a broader system of relations that is updated (strengthened or destroyed), under the impact of the conflict [[1]].



Sociology of conflict comes from the fact that the conflict is a normal phenomenon of social life, the identification and development of the conflict as a whole useful and necessary thing. Should not mislead people with the myth of the universal harmony of interests. The Company will reach better results in their actions, if not turn a blind eye to the conflict, and will follow certain rules aimed at regulating conflicts. The meaning of these rules in the world today is that:



- Non-violence as a method of conflict resolution;



- To find the means to get out of the deadlock in cases where violence is still made and have become a means of deepening conflict;



- To achieve mutual understanding between the parties, opposed to the conflict.



Role conflict and its management in modern society is so great that in the second half of the XX century has allocated special area of ​​knowledge - Conflict. A large contribution to its development have made sociology, philosophy, political science, and, of course, psychology.



Since every organization is a kind of community of people to work together in developing their internal relations there are certain common traits or attributes, the understanding of which is extremely important. One of these similarities is that every organization goes into its development through a series of internal conflicts, it can not exist without internal tensions and without collisions between certain positions represented in it, between groups of people, between the so-called cliques.



There are various definitions of conflict, but they all emphasize the presence of contradiction, that takes the form of differences when it comes to human interaction. Conflicts can be hidden or explicit, but always on the basis of their lack of consent. Therefore, we define the conflict as a process of interaction between individuals or groups of subjects about the differences in their interests.



The lack of agreement is due to the presence of a variety of opinions, attitudes, ideas, interests and points of view, etc. However, it is not always expressed in the form of an explicit collision. This happens only when the existing contradictions, discrepancies disrupt the normal interaction of people, prevent the achievement of goals. In this case, people simply are forced to somehow overcome their differences and come to an open conflict interaction. In the course of the conflict interaction, the participants are able to express different opinions, to identify more alternatives in decision making in this district is an important and positive sense of the conflict. This, of course, does not mean that the conflict is always positive.



Depending on the possible outcome of the conflict, according to the theory AG Zdravomyslova divided into pure and mixed. First characterized by the fact that they have no room for agreement, even for a possible agreement. The latter can be resolved so that both sides will benefit. Maybe this win will be distributed unevenly, but it is better to have a small improvement in their positions than to lose everything at once. From this perspective, one can imagine four possible conflict between the two opposing sides "A" and "B":



- Benefits from 'B';



- Benefits from 'A';



- Both sides lose out, although they were hoping for a favorable outcome for themselves;



- Both sides may benefit in different ways on the basis of compromise and mutual concessions, weighing the possible losses in the course of the conflict.



Unfortunately, very often the opposing parties do not take into account the "price" of the conflict actions (in game theory - "the price of the game"), those victims who will be brought in order to achieve the seemingly quite reasonable goal. As a result, the conflict is developing in such a way that both parties bear the damage and can not stay in their confrontation, as each step in unleashing the conflict leads to retaliatory action, a vicious circle n impasse [[2]].





 1.1. Types of conflict





There are four main types of conflict [[3]]



- Intrapersonal;



- Interpersonal;



- Between the individual and the group;



- Inter-group.



Intrapersonal conflict. This type of conflict is not fully consistent with the definition given by us. Here, the participants are not people, and various psychological factors internal world of the person, or are often seemingly incompatible: the needs, motivations, values, feelings, etc. "Two souls live in my chest ..." - Goethe wrote. This conflict may be functional or dysfunctional depending on how and what action to take if a person and take it all. Buridan's ass, for example, was not able to choose between two completely identical bales of hay than doomed to starvation. Sometimes in life, not daring to make a choice, not knowing how to solve the intrapersonal conflicts, we are like Buridan's ass.



Intrapersonal conflicts related to work in an organization can take many forms. One of the most common is the role conflict when different role of man placing him conflicting requirements. For example, being a good family man (the role of the father, mother, husband and wife, etc.), the person must spend the evening at home, and the position of the head can oblige him to stay at work. The reason for this conflict is the mismatch of personal needs and requirements of production. Internal conflicts can arise in production due to pressure of work or, conversely, the lack of having to be at the workplace.



Interpersonal conflict. It is one of the most common types of conflict. In organizations, it manifests itself in different ways. Many managers believe that the only reason it is the dissimilarity of the characters. Indeed, there are people who, due to differences in the character, attitude, demeanor is very easy to get along with each other. However, a closer analysis shows that the basis of such conflicts usually are objective reasons. More often than not - it is a struggle for scarce resources: material resources, production area, while using the equipment, labor, etc. Everyone believes that the resource needs that he, and not the other. Conflicts arise between supervisor and subordinate, such as when a subordinate is convinced that the leader makes to his exorbitant demands, and the manager considers that a subordinate does not want to work in full force.



Subektnost on the basis of the inner life of each organization are the following types of interpersonal conflicts:



a) conflicts between rulers and ruled within the organization, and the conflicts between the manager and executor of the ordinary to be materially different from the conflicts between the head of the first arm and lower-level managers;



b) conflicts between the average employee;



c) conflict at the management level, ie conflicts between the leaders of the same rank. These conflicts are usually closely intertwined with the personal and human conflicts, promoting the practice of staff within the organization, and the struggle for the distribution of the most important positions in its own structure. They may also be associated with the development of various behavioral strategies of the organizations concerned with the development of criteria of efficiency of its total activity.



The conflict between the individual and the group. It is known that informal groups set their standards of conduct, communication. Each member of the group must comply with them. Retreat from the accepted norms of the group sees as a negative thing, there is a conflict between the individual and the group. A simple example of adaptation conflicts: between those rules and regulations of the internal dialogue that has developed in this organization, and newcomers are not aware or not aware of the existence of such rules. On the basis of Subektnost be isolated conflicts between the group and the individual - not a member of the group and intra-group conflicts - between the group and one of its members. Another common conflict of this type of conflict between the group and the leader. Here we must distinguish conflicts between the manager and the subordinate units, units and the head of another group, between the heads of the various departments involved in the conflict if the members of the group (s). In the latter two cases, the conflict may escalate into inter-group. The most seriously such conflicts take place in an authoritarian style of leadership [[4]].



Intergroup conflict. The organization consists of a set of formal and informal groups, between which there may be conflicts. For example, between the management and the performers, between employees of different departments, between informal groups within departments, between management and the union.



Unfortunately, common example of inter-group conflict are the differences between the higher and lower levels of government, ie between line and staff personnel. This is a prime example of dysfunctional conflict.



The whole set of conflicts that permeate this or that organization, one way or another connected with the methods of managing it. For control - nothing but the activity of conflict resolution for the sake of those goals and objectives, which defines the essence of the organization. The head is designed to allow private conflicts arising between the parts of the organization between management and workers, between producers and consumers, manufacturers and suppliers of raw materials in the name of the more general interests of the organization, which he considers to be the goals of its management.



The problem is complicated by the conflict in the organization, as a rule, in that very position of the head or leader of the organization is very complex and somewhat uncertain, contradictory. On the one hand, it acts as a key asset and as an indicator of success in life, but on the other hand, it is also the position subordinate to the next higher chain of command in the management of the organization. This means that the leader must be integrated as all internal impulses and challenges of the organization to know its strengths and weaknesses, have constantly all the information about the state of affairs in the most stressed points of it, and at the same time, it should at any time be of interests of the organization towards their superiors, the Board of Directors or to external structures. Of course, in the eyes of the subordinate supervisor, even the most democratic, is one way, but in the eyes of his superiors - different. This is due not a moral defect of personality or her hypocrisy, and various functions performed by a leader in the management hierarchy. Requirements that apply to it from the top, do not coincide with the requirements that apply below.



One of the most important aspects of any organization lies in the ratio of formal, formal structure of the organization and informal, is nowhere recorded, the real relations between people in the same organization. Working together is a natural distribution of authority and respect for each other, which is of great importance from the point of view of the effectiveness of the organization. As a result, more than the same formal and informal structures, the more favorable the conditions for the effectiveness of the organization. Conversely mismatch or open conflict between the structures blocks the activity of the organization. The task of the leader - a well know and feel this source of internal tension and conduct business in such a way as to possibly bring together the formal and informal structures of the organization.



The most important property of a leader, which draws the attention of Robert Merton, is that he does not just accept the decision. His mission - to organize the process of decision-making. In this sense it is "decision maker", and not the face, "the decision maker." The other decision-makers, the head is different in that its solutions are of a more long-term, have large consequences for the organization, it can not exclude himself from them or forget about them. To him face all the demands and claims departments of the organization, and it is structurally in a position where conflicting interests intersect. The biggest mistake you can make the head - that's ignoring conflicts, the desire to present the case in such a way that everything is going smoothly, with no differences in opinions and positions. But this is his best strategy is to conflicts to be solved with the participation of the conflicting parties so that they are aware of the motives and reasons of choices. "An effective leader adjusts the inevitable conflicts within the organization in a way that most of the participants involved in the decision-making process, remain convinced that the issue was resolved with justice." The point is that organizational solutions turn into reality the organization only to the extent that they can rely on the voluntary support of those who makes these decisions in the practice of everyday life. Otherwise proclaimed solutions are not able to be transformed into real action [[5]].



Labor disputes in the organization



In the transition to a market economy and entrepreneurship, enhancing the value of the economic chaos acquire labor disputes as a form of social conflict.



Labour disputes - a clash of interests and opinions, estimates between different groups about employment (conditions, content, organization and remuneration). The labor conflict in the organization is considered as:



1) direct challenge to the internal order and stability of the personnel, which allows to identify the interests and differences, mutual complaints and problems;



2) a method of regulating interactions, in order to establish the optimal organization of production and labor relations;



3) a necessary stage in the development of the workforce.



In our country, the importance of the labor conflict today is increasing dramatically. Is not only the market economy, but also a significant transformation of labor relations. With the failure of the state from its monopoly position in property relations in the management of labor and production was palpable polarization participants to owners of the employment relationship, employers and employees - the owners of its workforce. They are in many ways not the same, and sometimes conflicting interests, which often leads to labor conflicts (disputes) between them.



Of the social and labor relations in Russian society was to reduce the State's participation in the regulation of labor relations: as if there has been a kind of care it from the scope of the relationship. The result was quite evident trend of tightening relations between employers and employees.



Another feature of social and labor relations in modern Russia is that they are based not only on the existing labor law (Labor Code), but also on the values ​​of the local laws and regulations, such as the employment agreement (contract) and the collective agreement concluded by the subjects of these relations .



The commitments made by the parties involved in the conclusion of both the individual employment contracts and collective agreements (these parties - the employee or group of employees, on the one hand, and the employer or his authorized representative - the other) must be complied with by all, without exception, , in full. Default or breach of these obligations, under appropriate conditions in the organization creates a situation of conflict, which passes, usually in the labor dispute.



Depending on who is involved in this confrontation and antagonism, labor disputes are divided into individual and collective.



In the individual labor dispute involving, on the one hand, the specific employee, and the other - the employer.



The collective labor conflict participants collective acts of employees (as a single organizational structure), and the opposing employer (in the name of the representative bodies of the structure).



Innovative conflicts [[6]]



In a market economy at the level of organizations (enterprises) is a radical restructuring. With its economic independence, responding fully for the results of their operations, organizations tend to use a variety of factors that would provide them with high efficiency, competitiveness and sustainability.



Heads of organizations, senior staff and workers seek to upgrade production, the development and implementation of innovations in the various sub-systems of their organizations - industrial (technical), economic, social. In these areas of innovation acquire economic significance. They are aimed at creating the conditions for effective work, can increase the supply and demand for its products, increase profits.



Innovation (or innovation) - is the target of changes aimed at improving and creating a new (it is the organization) of the product, technology, organizational form of control, etc.



Innovations from concept to mature product-specific and suggest:



- Updating the means and methods of production;



- Changes affecting the organizational forms of economic activity (for example, the elimination of certain professions, jobs, the use of additional new knowledge);



- Change in the individual management units (ASU implementation, scheduling, new forms of record keeping, accounting and control);



- Changes in the content and the working and living conditions of workers (the introduction of progressive regimes of work and leisure, catering to the production, etc).



Content and feature innovation, which brings together people, a number of requirements to team members:



1) have a sufficiently high qualification and innovative creative thinking;



2) be capable of self-learning and strive in their work and the experiences of others;



3) actively participate in the innovation process, to be ready to take risks;



4) be able to find and implement innovative solutions;



5) have a high internal culture, to be sociable.



The social base of innovative processes are different groups of workers with different status position and the opportunities they have to realize their goals. The following groups of employees:



- "Independent innovators" - scientists, engineers, workers who have made a discovery or invention is not conducive to the profile of the organization in which they work. For example, the worker creates a machine to put the rivets on jeans. But in that innovation is not interested his organization;



- "Innovators for position" - experts and business leaders, which is charged with duties of implementation of science and best practices;



- "Innovators in the Spirit" - those who are more focused on high autonomy, active in the field of modernization of production.



Because innovation opens up new prospects for change flexibility to changes in demand and supply, ie is a replacement of the old - new, it generates an objective social contradictions. The fact that the conversion is usually affect the interests of the people, their plans, expectations. The more radical and the breadth of change, the more they cause tensions and conflicts arising from the struggle of the old and the new.



Every innovation is associated with the development, "punching", the proliferation and use of innovations in production. Thus there is a conflict between supporters and opponents of the innovation. The reason for this lies in the difference between the results and consequences of innovation for social groups of workers on the one hand, and the organization as a whole - on the other. Objectively between them will arise rather contradictory relationship. For example, there are situations where innovation profitable enterprise (organization as a whole), but not in the interests of individual groups of its employees, or vice versa - is unprofitable enterprise, but satisfied certain groups of workers. The results of innovation can have different content for businesses and workers. For example, from the point of view of the interests of the organization (enterprise), the main result can be an increase in production obtained through the creation of special conditions in one of the units (teams) working on a collective contract. In the teams results may be expressed primarily in income growth, increased participation in management, content enrichment work. And throughout the rest of producing the same product, the result of this innovation can be expressed in the deterioration of their situation because of the limited technology that was transferred from the department to the row.



Most experimental links of paid more attention to the other teams to focus decreases. This can cause conflicts, such as:



- The social effect can have the opposite "sign" to the economic;



- Can withstand the impact of innovation results;



- The same effects and consequences of innovations may be weighted differently by team members of the organization. The ratio of the results of innovation and their costs are perceived differently by the employees and the organization, and may give rise to a conflict situation, and even conflict. The conflicts that arise as a result of innovations in the organization, as well as all the others, may be partly functional and partly dysfunctional character.



Conflicts may like to facilitate and impede the implementation of innovations. Thus workers are actively resisting innovation, become parties to the conflict. An example would be a conflict of collective Vyborg Pulp and Paper Mill (PPM) for the right to work in your company. A bit of history: in 1996, the company twice resold for a song to the new owners. Two years enterprise capable to produce a unique environmentally friendly products (paper) did not work, people did not get paid. The representative of the new owner's announced reduction of working from 2100 to 800 and the reorganization of PPM in a sawmill. This provoked a storm of indignation and protest. The workers realized that the only union may be the only legal framework that could stop the "squandering" of city-forming enterprise. They spent the re-election of trade union. The union was founded CJSC and the opportunity to do business. Organized the work on the "hijacked" the enterprise. For the first time in two years launched a paper-making machine, began to regularly pay the salaries of employees of the plant.



It is important to note that employees who are actively resisting innovation, become parties to the conflict, but not necessarily in it not wrong party.



It should also be borne in mind that in the course of implementation of innovations and the final result may have a dangerous effect of so-called passive workers. For they are openly against the innovations do not act, so they are difficult to identify and engage them in a dialogue. There may be a team quite a lot.



Innovative activity, usually a collective, it requires the involvement of many people at various professional officers of the group. And the more people involved in the innovation process, the more intense it is leaking, so there is more opportunity for conflict situations, which are generated by the difficulties that accompany most of the new features.



The main causes of innovative conflict include:



- Passivity employees interested in innovation training. This is due to the fact that many workers fear pay cuts, adding work during the implementation, not afraid to cope with new responsibilities, do not have the material and moral incentives during the implementation. In other words, workers fear the worsening (as a result of innovations) of their socio-economic status;



- Lack of material resources, but sometimes organizations have the resources of a lower quality than required. Sometimes they have to produce on the side, sometimes the required equipment, instruments are not issued by the domestic industry;



- The deterioration of relations between the leaders of the major professional organizations and with the heads of departments and specialists;



- The need to rebuild their work managers and senior staff. Today the problem of employment and re-training is becoming increasingly important not only for managers, but for the ordinary members of the workforce.



Overcoming these and other difficulties, a more rational approach to the innovation process will reduce conflict in organizations.



Innovative conflicts in organizations may be business and personal.



Such conflicts arise between people, one way or another related to production and economic relations. The restructuring has given impetus to many organizational and managerial innovations that change the organization of production and management. New organizational forms associated with the creation of cooperatives, rental, family teams, etc. Feature of many forms of organization - their flexibility and a focus on customer satisfaction. At the same time, new organizational forms generate new conflicts and contradictions.



Internal driving force for innovation is the need for people to be creative, implicit in the very nature of man is manifested in the constant quest for renewal, improving the working environment. Availability and high development of these needs is inherent innovators who sensitively catch new problems, and for which interested in the process of innovation. They can take part in it, even without receiving any remuneration. But how creative people are interested in recognition of their contributions and achievements, for what are often able to enter into conflict.



The clash of opposing, incompatible needs, motives, interests, thoughts, feelings, creates innovative interpersonal conflicts.



They can occur both in the official and unofficial relations between the supporters and opponents of the new features. Such conflicts can be situational and characterological basis.



By situational conflict is premised include:



- A sense of uncertainty and insecurity;



- Lack of awareness or distorted;



- Lack of recognition of the collective worker;



- Injustice.



By characterological assumptions are:



- Traits of character;



- A tendency to aggressive behavior;



- Reduced self-criticism;



- Intolerance for the shortcomings of others;



- Lack of manners.



The worker becomes a source of conflict, when driven, values ​​are not compatible with the interests and values ​​of the group, that is, when the moment of his "inadequate" the goals and objectives of the group. For example, an active pioneer work in a team where "not accepted" engage in innovation, or, on the contrary, passive worker enters into a collective-intensive updating production.



Conflict-prone personality is also possessed with the idea, ready to pursue his in any way. It's hard to find people with the personality traits that would guarantee conflict-free behavior. Practically anyone can join in the conflict relations.



 1.2. The main causes of conflicts





You can identify several common root causes of conflict in organizations [[7]].



1) The allocation of resources. Even in the largest and wealthiest organizations, resources are always limited. The need to distribute them almost inevitably leads to conflict. People always want to get as much or more, and their own needs always seem to be more reasonable.



2) The interdependence of tasks. The potential for conflict exists wherever one person (or group) that is dependent on another person (or group) to the task. For example, the head of the production unit may explain the low productivity of their subordinates inability repair service quickly and efficiently repair the equipment. The head of repair service can, in turn, blame the human resources department that is not accepted by new workers, which he needs repairers.



Several engineers involved in the development of one product can have different levels of professional qualifications. In this case, the specialists of higher qualification may be unhappy with the fact that the weak performance of engineers brake work, and the latter did not like the fact that they are required to impossible. Interconnectedness of problems with unequal opportunities leads to conflict.



Said example of the conflict between the line and staff personnel also arises from the interconnectedness of problems. Wizards depend on the main experts because they need their help in the implementation of technical solutions, as leaders of a higher level depends on the master, as the latter put into practice the ideas of managers.



3) The difference in goals. The probability of such conflicts in organizations increases with the organization when it is broken down into specialized units. For example, sales may insist on the production of a wide range of products based on the demand side (market needs), with production units are interested in increasing the volume of output at minimum cost, which provides manufacturers a simple homogeneous products. Individual workers also have been known to pursue their own goals do not coincide with the goals of others.



4) Differences in the ways of achieving goals. The leaders and executors may be different views on ways and means to achieve common goals, ie in the absence of conflicting interests. Even if they all want to increase productivity, make work more interesting - about how to do this, people may have a very different view. The problem can be solved in different ways, and each believes that it is the best solution.



5) Inadequate communication. Conflicts in organizations are often due to poor communication. Incomplete or inaccurate transfer of information or lack of information in general is not only the cause but a consequence of dysfunctional conflict. Poor communication prevents conflict management.



6) The differences in the psychological characteristics. This is another reason for conflict. As already mentioned, should not be regarded as its core and the main one, but ignore the role of psychological characteristics is also impossible. Every normal person has a certain temperament, character, needs, attitudes, habits, etc. Each person is original and unique.



Sometimes psychological differences of the joint activity are so great that impede its implementation, increase the likelihood of all types and kinds of conflict. In this case we can speak about the psychological incompatibility. That's why at the moment managers are increasingly turning to the selection and formation of the "well-organized team" [[8]].



The existence of these sources or causes of conflict increases the likelihood of their occurrence, but even with high potential for conflict parties may not want to join in the conflict interaction. Sometimes, the potential benefits of participation in the conflict is not worth the cost. Joining in the same conflict, as a rule, each party is doing everything to adopted her point of view, achieved its goal, and prevents the other party to do the same. It is necessary to control the interaction of the conflict. Depending on how effective it will be, the consequences of the conflict would be functional or dysfunctional. This, in turn, affect the likelihood of subsequent conflicts.



 2. Events management processes of conflict in the organization





 2.1. Approaches to the diagnosis of the conflict





Any organization in their life associated with the inevitability of the occurrence within it various conflicts. Conflict is a natural condition for the existence of any community of people, the source and the driving force behind the development of this community. This perception of the conflict makes it possible to use it as a tool to influence the development of the organization through a change in the need for its culture, structure and capacity, thus, the conditions for the most efficient operation of the team to achieve organizational goals.



Effective use of the instrument is possible in the event that there is the knowledge that this is a tool. Define what is a conflict, what is its nature and mechanisms of leakage. Considering the problem of the conflict, it is important to highlight the following points:



- The subject of the conflict;



- Causes of the conflict;



- Parties to the conflict;



- The speaker or the phase of the conflict.



Finding the answers to these questions can call the diagnosis of the conflict. If the conflict is an inevitable companion of the organization, for the creation of the organization of social and psychological conditions facilitating effective joint action, as its individual employees and entire departments, managers need to work on organizing the identification and management of the interaction of the conflicting parties to resolve the conflict relations. One of the directions in this work is a diagnostic of the conflict, the meaning of which can be considered a development of the model to select the optimal development of the conflict. It is necessary to take into account the desired result, the likelihood of new conflicts in the future and the need for measures to prepare employees to overcome the conflicts constructively for the benefit of the organization [[9]].



Research on the possible conflict are two main approaches to its essence, the use of which may help the person carrying out diagnostics.



The first approach considers the conflict as a phenomenon, which is characterized by conflict, confrontation of different views, positions and interests of the parties, due to their incompatibility. On this understanding, conflict management infancy as a science.



The second approach sees the conflict as a system of relations, the process of interaction of the subjects about their different interests, values.



From the point of view of the first approach, the conflict begins with a conflict situation because of the differences in subjects participating in the joint venture. Scheme conflict dynamics comprises explicit and latent phase (step). For the latent stage is characterized by the following points:



- Awareness of the specifics of the parties of their interests;



- Awareness of the threats to the parties themselves and their interests on the part of opponents and obstacles in the protection of their interests.



Next, the conflict can develop in one of the following. Alternatively, the parties have not come into contact: neither party will not take the responsibility to initiate the interaction. Or awareness by the parties of the conflict situation may encourage the parties to join the interaction on the differences in their positions or interests (the beginning of explicit stage of the conflict), which can go in two main ways: collision (fight) or collaboration (negotiation).



This approach bears some recommendations on how to work with the conflict, based on the elimination of the conflict itself, or use opportunities for conflict prevention, ie exclude it as a negative phenomenon in the life of an interacting group.



From the point of view of the second approach, the conflict has its origins in the time of the entry of the parties to the interaction about the differences in their interests. This interaction may take several forms. According to one of the concepts of conflict and forms of interaction correspond to the three phases of the conflict:



- Confrontational phase - a form of struggle (collision);



- Negotiation - a form of negotiation;



- Communicative - a form of cooperation.



Conflict can develop in one of two scenarios:



- The development of communication between the parties through their interaction translation of the confrontational phase through negotiation in the communicative;



- Cooperation between the parties in a single phase without progressive transition from one phase to another, where the period of the delay of the development process of the conflict at the level of confrontation or negotiation phases called the "crisis" of the conflict.



Such an understanding of the conflict represented in a number of current research on conflict, allowed the development of new approaches to its prevention and resolution-oriented change in the type of interaction between the participants.



Speaking of the parties to the conflict, it must be said that the choice of one of the approaches to the understanding of the conflict may determine the perception of the parties to each other, either as opponents (the conflict as a phenomenon of confrontation), or as partners (the conflict as a system of relationships), on which the process of conflict resolution. You can use the conscious direction of the perception of the enemy opponent to the partner as a constructive way to resolve (development) of the conflict.



An important point in the approach to the diagnostic study of the conflict is the choice of the person conducting it, its position in the conflict. Diagnostics can be carried out from the perspective of an expert consultant (expert-consulting approach), where the basis for a diagnostic study is the analysis of the situation, identifying cause-and-effect relationship with the subsequent preparation of the management recommendations for the settlement of the conflict and have to predict the emergence of new to improve the readiness of the organization to their constructive overcome. Or lead to the diagnosis of position of interference in the interaction between the conflicting parties in the conduct of parallel analysis of the problem and manage the interaction of subjects (expert procedural approach).



A diagnostic conflict organization, in terms of one of these approaches may determine further selection of appropriate technology to overcome the (development) of the conflict. One of them involves the development of the conflict through the optimization of the interaction between the parties and the translation of this interaction from the confrontational phase relationships through negotiation to communication. The other - the conflict resolution within a single phase relationships (or confrontational negotiating), which is not always constructive and denied by those who hold the first approach.



Thus, a focus on a certain understanding of the conflict, a technology to overcome it (development) and the choice of a particular position in relation to the conflicting parties with the knowledge of the organizational culture can help in the most efficient execution of diagnostic and management measures to overcome the conflict that arose or possible in the organization .





 2.2. The strategy of intervention in the conflict





Diagnosis types of conflicts, the approach to resolve it with the subsequent selection of intervention - is the traditional stages of the counselor. Effective consultant - is, first of all, the ability to see a variety of aspects of the conflict and creative selection methods. However, experience indicates conflict resolution specific sequence of actions for constructive management.



Consider a strategy for effective intervention, implemented consultant. Strategic interventions determined by several postulates, that is, the basic terms of the settlement of the conflict. These tenets will be regarded as a kind of places where should be determined and taken significant decisions - the appropriateness of interventions, their types [[10]].



1) Conquest of the authority of the parties



Parties should strive for a positive resolution of the conflict and to act accordingly with the help of a consultant. Therefore it is very important for the consultant to establish good relations with both sides, without giving preference to any of them, because then it will not work effectively.



The consultant shall:



- To establish at an early stage of the relationship with the parties;



- Clarify its intentions with respect to this conflict;



- To mobilize support. Representatives of both sides and managers can explain the intentions of the consultant to individuals whose interests they represent, and to help them understand the important aspects of his work.



If one of the parties does not see any sense in resolving the conflict, the feasibility of further work consultant in doubt.



2) Determining the structure of the relationship



The consultant should clearly understand the structure of the parties - parties to the conflict.



Unclear leadership, internal power struggle, an intense rivalry between the factions and other factors can be a significant obstacle to the resolution of the conflict. It is important to get acquainted with the formal and informal leaders, and to know not only their opinion, but also the degree of their readiness to actively complicit in the conflict. This means that the consultant must not only establish the structure of the parties, but sometimes helping them to develop more specific internal structure.



The Consultant shall determine the structure of the relationship and co-ordinate central government. Collaboration Consultant with representatives of the central government will increase the likelihood of success.



A widely used method in this case is an interview with representatives of both parties as a way to obtain the necessary information. Through these interviews consultant determines the highlights:



- The extent of its authority;



- Distinction between the internal structure of the parties;



- The possible composition of the group who can support him.



In addition, interviews provide information on the following consultant decisive aspects considered later:



- The intensity of the conflict;



- The level of symmetry and balance of power;



- The nature, the nature of the conflict (some problems, grievances, complaints and grievances).



The presence of groups that support and consultant interviews are an opportunity to develop an individual program of study of the situation. Main focus of research - is to create the preconditions for regulating the tension and intensity of the conflict.



3) Maintaining the balance of the parties



Without a certain symmetry between the parties consultant will not be able to perform their duties. Actually invitation consultant may be the evidence of a certain balance between the parties and the willingness of the parties to resolve the contradictions. The presence of a significant power difference indicates a greater likelihood that the stronger party is going to resolve the conflict by simply imposing their will and forcing the other side to accept it.



The consultant should be active, especially in the presence of desperate situations in which the parties are more or less in line with each other. In fact, a desperate situation (or the threat of its occurrence due to the fact that the parties have more or less equal power) is the driving factor for the study of nature, the nature of conflict, its consequences and alternatives. The most important feature of the interaction between the parties in these circumstances is the desire to preserve the balance of power. In addition to the consultant should take into account in its activities and such simple matters as spending roughly equal time to consult with both parties, as well as holding separate discussions on neutral territory.



4) Maintain the "optimal" level of intensity of the conflict



High-intensity conflict complicates the management of them, and even in some cases makes it impossible. This situation is caused by the fact that none of the parties were not prepared to communicate with the other party. It often happens that both participants of the conflict do not see much sense in the activities of the consultant, especially if it is restricted to certain terms and conditions of the parties.



Moreover, there is another danger. The conflict that is at a very rapid escalation, it may be, in practice, beyond the control of the consultant. Conflicts may enter into a phase in which the parties are reluctant to make changes because the state of the conflict has become their habit. It is clear that the parties in this situation prefer unwanted and destructive actions to resolve this conflict, and not another attempt to reach a compromise. Own positive image is combined with a negative view of the other side. Parties to the conflict are no longer willing to listen to other points of view, as it only contributes to the doubt that he was right, and stick to their own view of the situation [[11]].



Such protracted conflicts may pose a far greater challenge for the consultant than suddenly arisen acute crises.



5) The differentiation of the intervention in 4 kinds of conflict



If the previous steps addressed the management of the dynamics of the conflict, there is the defining issue of the qualitative aspect of the dispute, the nature of their origin.



Conflict situations are usually associated with one of the following types of relationships that arise in the course of joint activity of groups:



- Business ("instrumental") relationships;



- Socio-emotional relationships;



- Relationships when negotiating the allocation of resources;



- Strength relationships.



Sometimes a conflict associated with all these types of relationships, in which case they should be considered as different aspects of the conflict.



6) Detail of the conflict, confrontation, synthesis



Practice shows that the effectiveness of a consultant is only in cases where the consideration of contention and confrontation of the parties take place in stages. This approach leads to the synthesis of views, that is, to develop specific solutions, understanding, and compromise.



This iterative process, each time providing for the examination of a particular conflict. The best results are obtained when this method will be supported by both parties to the conflict.



The immediate objective of the discussion is not making decisions and clarifying prospects on both sides. Confrontation prospects will vary depending on what type of relationship dominates: in matters of a business nature it will be mainly discussion and debate, in matters of socio-emotional nature - an idea yourself in the place of another in resource allocation, negotiation.



The result of this confrontation can be a synthesis of perspectives: the production of solutions, understanding and compromise.



Confrontation can end and the establishment of a no-win situation. Hopeless situation forced the parties to further detail, again followed by confrontation.



7) The definition of procedures to reach a compromise for both sides, facilitating continuous progress



An important task of the consultant - a clear and resolute determination and specifying the procedures that the parties must fulfill their explanation and justification. Clarity of roles and algorithms sides creates a calm environment necessary to continue the work, while the uncertainty, indecision and ambiguity caused confusion disbelief. Often sides feel disoriented and suffer threats. The conflict, as the experience - is the structure of the set of elements linked in time, characterized by changing views of the parties on the subject of the dispute. Effective preference of an element of the procedure for its resolution may depend primarily on the mastery consultant in the choice of a particular item, causes the greatest dissatisfaction, as well as the ability of the parties to change their views.



Diagnostic accuracy of these two components of conflict management procedures, selection of appropriate methods of work, mastery of their use determine the effectiveness of the style of the consultant.



In addition, the effectiveness of the consultant influences the structure of the process of conflict management, which usually means a change in the degree of confrontation of the parties. The process, as experience shows, can easily take the form of repeated cycles of discussions of the same issues. In these cases, the special role played by the quality of the management consultant such as the control. In other words, the consultant, in effect, acts as a regulator of "mental activity" conflicting groups towards a final resolution of the conflict.



Course of action consultant discussed above postulates is given in Table. 1.



Table 1



Methods for effective intervention in the conflict in stages of its analysis





Aspect of the relationship



The expert method



The conquest of the authority of the parties



Manifestation, a demonstration of independence, an explanation of their intentions



Determining the structure of the relationship



Understanding of the internal structure, structuring the relationship between the central government and the local actors



Maintaining the "optimal" level of intensity of the conflict



Determining the consequences of protracted conflicts, the study willingness of the parties to implement the changes



Differentiation of intervention by type of conflict



Selecting interventions appropriate Current classification



Detailing the conflict, confrontation, synthesis



Piecemeal consideration of conflict, confrontation and investigation of desperate situations for further details



Definition of procedures to reach a compromise for both sides



Recommendation clear and transparent procedures, termination cyclically recurring discussions





In this role as a consultant manager must create the conditions within their competence for continued progress in the negotiations. It refers to a technology owned by resolution of the conflict, which will allow the consultant to manage change in the positions of the parties in the subject matter of the dispute, leading to the resolution of conflict over time. The crisis in the organization minimization of conflict resolution acts as one of the most important requirements for the effective overcoming.



Conclusion





As we know, the conflict - is the lack of agreement between two or more parties (partners, opponents). In this case, each party seeks to assert his point of view on the subject of the dispute and to prevent the approval of the other party. The subject of the conflict - is his source, the core, are the subject of conflicts of interests, positions, values, and attitudes.



Level (rank, importance) of the participants of the conflict may be different. Rank individuals who do not have any means to influence opponents, minimal, Rank Group representative (union groups) is increasing steadily. The highest rank (in terms of legal development), the representative of the state.



Of course, not every dispute - it is a conflict. The latter is necessary for the emergence of the original conflict situation (potential conflict) and the incident - the actuation of the trigger conflict. The incident of the conflict is often the ill-conceived, insufficiently weighted action, an unsuccessful demeanor.



Despite the seeming endless variety of conflicts, their causes rather trivial and can be grouped as follows:



- The main reason for the limited resources that must be divided between the parties;



- All persons involved in the conflict have different goals for their actions. Their tasks are mutually exclusive, and the use of a method of compromise is unlikely to lead to the unity of the parties;



- Lack of understanding of the goals and objectives of each other, the mutual distrust has reached its limit, and each of the parties to the conflict will only listen to themselves speak only about their problems;



- Demeanor and reflective participants in the conflict, as a result, vzaimoottalkivayuschaya.



Conflict management is considered by many experts as a translation of it in the mainstream of rational people a meaningful impact on the conflict behavior of social actors of the conflict in order to achieve the desired results, limiting the scope of the confrontation constructive influence. Conflict management includes forecasting, control, prevention and promotion of some other, termination and suppression of conflict.



The conflict is called functional if it leads to an increase in the efficiency of the organization, and dysfunctional (destructive) if it reduces efficiency. Effective management - is a translation of all the conflicts in the required direction.



The determining factor for competitiveness, economic growth and efficiency, is the presence in the enterprise human resources capable of professionally solve production tasks. For effective personnel management company in need of a complete system of work with personnel to operate them from the moment of hiring until his retirement.


Managing capital assets


Introduction



1. Fixed assets, their composition, structure, evaluation and re-evaluation, depreciation and amortization. Problems of using modern technical base of enterprises



2. The reproduction of fixed assets. The composition and structure of the investment. The structure, investment policy and their role in improving the efficiency of capital investments. Competitive selection of investment projects



3. Ownership and sources of investment. Leasing. Foreign investment. Repair of fixed assets and its sources



4. Financial investment. Securities as the object of financial investment. Portfolio management



5. The role of financial services in the mobilization of financial resources and their effective use for investment



Conclusion



Sources





Introduction





Asset management is the most important task of a modern capital-intensive enterprise. A significant portion of its costs associated with the maintenance of assets (machinery, equipment, buildings) in good working order, and this activity is carried out under strict conditions: on the one hand - to the terms, timing and quality of maintenance and repair, on the other hand - to the volume of material, financial and human resources. Management function in this area by a skilled technician, technical management, the area of ​​responsibility of which - the effectiveness of the processes of maintenance and repair.



Creating capital and ensuring the competitiveness of producers in the domestic and export markets are impossible without investment. Exclusively through investment processes are performed structural and qualitative renewal of the world commodity production and market infrastructure. The more intense the investment is realized, the faster the reproductive process, the more effective market transformation occurs.



Before the objective need for increased investment in the creation of competitive economic systems, upgrading and rehabilitation of existing structures, ensuring the diversification of capital towards socially-oriented structural reforms set in today's time, many countries of the world.



Investments have a central role at both the macro and micro levels. They are one of the key drivers of the economy, as well as determine the future of the country as a whole, individual subject company. In the area of ​​training of specialists in economics research investment is an important step.



The aim of the course work - study methodology asset management.



The first chapter deals with the essence. Composition, structure, fixed assets, their valuation and revaluation, depreciation, and problems of the use of modern technical facilities.



To maximize the impact of the equity capital required constant reproduction of fixed assets. This can be done at the expense of investment. The second chapter is devoted to the investment of their composition, structure, selection of investment projects, as well as structural and investment policy.



The third chapter deals with the forms of ownership and sources of investment. Much attention is paid to the leasing as a form of property.



The fourth chapter describes the main aspects related to financial investments. As an object of financial investment are considered securities. Set out the nature of the securities portfolio and the basic principles of management.



To mobilize financial resources and their effective use in enterprises are financial services. Their role in this process, the fifth chapter is devoted to course work.



Knowing the main capital management techniques, managers will be able to get the maximum profit from the use of assets with minimum investment in their reproduction. This can be achieved by studying the process of the most effective investment in fixed assets.



1. Fixed assets, their composition, structure, evaluation and re-evaluation, depreciation and amortization. Problems of using modern technical base of enterprises





Fixed assets (PF) companies - a set of tangible assets (means of production), which transfer their value during the manufacturing process, in part to made production. [1]



By the nature of participation in the process of reproduction of PF are divided into two groups:



Production of PF, which are involved in the production process, and in turn, are divided into two parts: active - are directly involved in the production process (machinery, equipment, etc.); passive - create the conditions for the normal course of the production process (buildings ).



Non-production of PF, which do not participate in the production process and are intended for immediate consumption (hospitals, housing).



Depending on the purpose and functions of PF is divided into the following types:



Buildings (workshops, depots, garages, warehouses)



Buildings (w / rail tracks, mines, wells, bridges)



Transfer devices (oil, gas, water, heat, electricity)



Machinery and equipment (power machines, containers, computers)



Vehicles (cars, boats)



Tools of all kinds,



Production equipment (desks, containers)



Household equipment,



Working cattle,



Perennial plants,



Capital expenditures for land improvement,



Other RP.



Depreciation - by shifting part of the cost of PF on manufactured product or a service.



In the world practice different approaches to the calculation of wear (the amounts of depreciation write-downs, charges) and the definition of net book value.



As a base to bind with the wear and tear, most often the estimated time of operation of the equipment (useful life of its life), at least - the expected workload.



Important from an economic point of view in determining the amount of depreciation is the account of the principle of the disparity of money over time. Some methods are based on this principle, others do not account for it, so there are methods of providing for interest on the amount of depreciation and does not provide for it.



Naturally, different methods of determining the damping lead to different results. This obviously is some arbitrariness of the results. However, the choice of the method, if any, provides some flexibility, takes into account the characteristics of the working environment. [1]



The initial cost of PF is defined as the sum of the value of the purchased equipment, transportation costs, installation costs. [5]



The residual value of - the value of the retirement of the balance sheet.



Net book value of - the cost for depreciation.



Full replacement cost of the building is the amount of funds required for its complete restoration in the original form (old design), given the current prices of construction works, materials and construction, trade margins and transport tariffs.



Full replacement value of plant and equipment experts conducting the reassessment may decide to increase or to decrease the replacement value of fixed assets. this is the total price of the acquisition of functional analogues on the market.



Experts conducting the reassessment may decide to increase or to decrease the replacement value of fixed assets.



The increase in the replacement cost may be due to inconsistencies book value of fixed assets and their fair market value. The decrease, in turn, can be caused by a clear overestimation of the value of fixed assets (if not correctly applied the revaluation coefficients in prior periods) or mismatch value on the balance sheet and the fair market value of the building or structure.



Increase in value of assets entails an increase in depreciation and accordingly decrease the tax base for the calculation of income tax.



Reducing the cost leads to a decrease in property tax but, on the other hand, a decrease in depreciation and amortization. [2]



Speaking on condition of fixed assets in Russia usually mention their strong deterioration, as well as that rare company now pays enough attention to the management of this resource.



Depreciation of fixed assets in our country has become a problem in many enterprises. Here is one example. Last summer, at a meeting of the commission headed by First Deputy Prime Minister Dmitry Medvedev discussed the status of the distribution network television. This question was raised not by chance: 80% of the equipment used to broadcast nation-wide and state-owned television and radio programs, has developed a technical resource. Man-made disaster is most likely not cause, but the development process of accidents, if not avoided, provided.



Of course, not only Russia is using the old equipment, sometimes half a century ago. In Western countries, and even in the United States, operated equipment, whose age is 50-60 years. No one there about not sounding the alarm, because, first, the lifespan of certain fixed assets, founded in the design, can reach 80 years. Second, the state of the equipment at the western companies carefully monitored, monitoring and implementing serious time making the necessary repairs.



Enterprise managers need to solve existing problems in fixed assets. For this it is necessary to effectively manage capital assets. An important role is played here by the organization of reproduction of fixed assets through investment.





2. The reproduction of fixed assets. The composition and structure of the investment. The structure, investment policy and their role in improving the efficiency of capital investments. Competitive selection of investment projects





Reproduction of fixed assets - it is a continuous process of updating through the acquisition of new technologies, the modernization and renovation. The main goal - is to maintain fixed assets in working order.



In the process of reproduction of fixed assets following tasks: compensation for various reasons disposal of fixed assets, an increase in the number and weight of the fixed assets in order to increase the volume of production, improvement and increase the technical level of production.



The process of reproduction of fixed assets may be carried out by a variety of sources. Premises and equipment for the reproduction of the enterprise may enter via the following channels: a contribution to the authorized capital, as a result of capital investment, resulting in the donation, lease.



Quantitative characterization of reproduction of fixed assets during the year is reflected in the balance of fixed assets for the full cost as follows:





^ K = F n. + F in. - F l.





where ^ k - the value of PF at the end of the year, F n. - The cost of PF at the beginning of the year, in F. - The cost of PF, put into effect in a year, F l. - The cost of PF, liquidated during the year.



For a more detailed analysis of the use of indicators: rate of renewal of PF, PF retirement rate, the capital-labor, technical development of labor, etc.



To Excess of upd. Compared with R SEL. Suggests that the process of renewal of fixed assets. [3]



Reproduction of fixed assets at the expense of investment. Investment (capital expenditure) - a set of costs of material, labor and financial resources devoted to the expanded reproduction of capital assets.



The main objective of investing - embedding material and financial resources in capital construction, renovation or modernization of the site intended for production activities, subject to financial obligations.



Investments made in new and reproduction of existing fixed assets without investing in the needs of current assets are in the form of capital investment. Capital expenditures account for the major part of all the tools that provide simple and expanded reproduction of capital assets. This includes all capital expenditures for growth and compensation depreciation of fixed assets, including the cost of major repairs and modernization of fixed assets.



Investments are classified in relation to the application object, the nature of the use and the time factor.



Regarding the application object:



1. Investment in property (tangible investments - investments that are directly involved in the production process (for example, investment in equipment, buildings, stocks of materials).



2. Financial investments - investments in financial assets, the acquisition of rights to participate in the affairs of other firms and business rights (such as the acquisition of shares and other securities).



3. Intangible investments - investments in intangible assets (for example, investment in training, research and development, advertising, etc.).



By the nature of the use:



initial investment, or net investments made at the base or the purchase of the enterprise;



investment in the expansion of (extensive investments) allocated for the expansion of production capacity;



reinvestments, ie the use of free income derived from the sale of the investment project, by sending them to purchase or a stock of new means of production in order to maintain the structure of the fixed assets of the enterprise;



investments to replace, resulting in the existing equipment is replaced with a new one;



investments to rationalize directed to the modernization of technological equipment or processes;



investment to change the program output;



investment diversification related to changes in the product range, the creation of new products and new markets for the organization;



investments to ensure the survival of the business in the long term directed to research and development, training, advertising, protection of the environment;



Gross investments, consisting of net investment and reinvestment.



By the time factor release the long-term, medium-term and short-term investments.



To improve the efficiency of capital investments necessary to conduct a competent structural and investment policy.



Under the structural policy is a system of measures aimed at the systematic restructuring of production in accordance with the progressive shifts in science, engineering and technology with regard to social and individual needs. Usually there are the following forms of the structure of capital investments:



a) the reproductive structure of capital investments: modernization, reconstruction of existing enterprises, new construction;



b) the technological structure of capital investments: buildings, structures, transmission devices, power machinery and equipment, measuring and control instruments, computers, vehicles;



c) the industrial structure;



g) The territorial structure.



Attracting investment in the company for the investment process - an important factor in the reproduction of capital. A basic element of this work is to develop an investment policy for any enterprise.



Among the key elements of the investment policy of the company are the following: the definition of the strategic objectives of the company, forecast market conditions and prioritization of investments, analysis of economic performance and investment activities of the company; investment planning, the choice between the investment programs, provision of resources investment.



According to the Order of the Ministry of Economy of the Russian Federation № 118 of October 1, 1997 (which approved the "Guidelines for the development of an investment policy of the company"), the development of the investment policy of the company is expedient to provide:



compliance measures to be implemented within the framework of this policy, legislative and other normative and legal acts on regulation of investment activities in the Russian Federation;



the achievement of economic, scientific, technical, environmental and social impacts of the considered investment;



to the enterprise return on invested capital;



effective management of funds for the implementation of non-profit investment projects;



now use state support in order to improve the efficiency of investments;



attracting grants and concessional loans from international and foreign organizations and banks.



In developing the investment policy should take into account:



state of the market of products manufactured by the enterprise, the volume of its implementation, the quality and price of these products;



the financial and economic situation of the company;



technical level of the enterprise, the presence of his construction in progress and uninstalled equipment;



combination of equity and debt resources of the enterprise;



possibility of equipment leasing company;



financial conditions for investment in the capital market;



benefits received by the investor from the state;



commercial and fiscal efficiency of investment activities carried out with the participation of the company;



conditions of insurance and guarantees against non-commercial risks. [6]



The provisions of the developed investment policies recommended to take into account when deciding on the development of feasibility studies for investment projects, the use of various sources of financing, participation in investment projects in cooperation with other companies, organizing the work of other departments of the enterprise.



Investment projects are evaluated in different ways, but the two issues are typical of any analysis: what is the level of net investment income and provide some amount of additional net income of the investment will bring.



In the long term, be based on the life cycle of the property or the product, both concepts will bring the same results, but in the short term may be large differences due to the fact that when a new property is acquired or developed new products, the flow of funds is usually higher than their admission.



Attractiveness of investment proposals need to make the decision on whether to implement it and to attract investors. It is also necessary to select the most effective ways of development of both small businesses and large multi-purpose complexes.



When evaluating an investment project should consider the following points:



assess the degree of well-being of the investor;



determination of the probability of an adverse outcome or the degree of investment risk (non-receipt of expected income, loss of resources expended);



comparative assessment of alternative uses of money and material resources;



use the minimum number of evaluation criteria, unambiguous and easily understandable layman.



In determining the criteria should take into account the intended purpose of investment and technology policy of the company during the period of operation of the facility.



Investment analysis has to convince the decision-makers about the feasibility of capital investments that following conditions are met:



selected the best of the existing alternative projects;



project is aimed at maximizing the value of the enterprise and, accordingly, shareholders;



identified the main risks of the project, an assessment of their impact on the project and there is a strategy for managing and controlling these risks;



determined the amount of resources needed for investment, the start of production and operation of the project;



financial resources for the implementation of the project involved the most favorable conditions for the given situation.



Analysis of the effectiveness of the project is based on the simple (static) methods and techniques of discounting.



Simple methods are based on the assumption of equal importance of revenue and expenditure of the project, obtained at different intervals. The main static methods are:



simple calculation of the rate of profit (net profit on the project for the reporting period to the total capital cost).



calculation of the payback period (number of years for which the resulting net income + depreciation project will cover the capital costs incurred).



Static methods can be instrumental rough estimate of the project. However, for an investor, income and expenditure relating to different periods of time, are unequal in value, ie, capital has a time value. Therefore, to carry out a rigorous analysis of the investment project to use discounting techniques, ie reduction of income \ project costs related to various time intervals to a common denominator through the use of a particular factor - a discount that reflects the time value of capital.



Quite often, the company is faced with a situation where there are a number of alternative (mutually exclusive) investment projects. Naturally, there is a need to compare these projects and selecting the most desirable ones for any criteria.





3. Ownership and sources of investment. Leasing. Foreign investment. Repair of fixed assets and its sources





All sources of investments are classified on their own (internal) and external.



By their own sources of investment include:



1. their own funds, which are formed as a result of depreciation on operating fixed assets, deductions from income for the needs of investment, the amounts paid by insurance companies and agencies in the form of compensation for damage caused by natural and other disasters, and the like;



2. other types of assets (fixed assets, land, industrial property in the form of patents, software, trademarks, etc.);



3. funds raised through the issuance and sale of shares in the enterprise;



4. funds allocated by the parent holding and joint stock companies, industrial and financial groups on an irrevocable basis;



5. charitable and other similar contributions.



The external sources of investment include:



1. allocations from the federal, state and local budgets, foundations of business support provided at no charge;



2. foreign investment is provided in the form of financial or other tangible and intangible in the authorized capital of the joint venture, as well as in the form of direct investments (in cash) of international organizations and financial institutions, states, businesses, and organizations of various forms of property and individuals;



3. various forms of debt, including loans from the state and the foundations of business support on a return basis (including concessional) loans from banks and other institutional investors (investment funds and companies, insurance companies, pension funds), and other enterprises, promissory notes and other means.



In the current market conditions as the odds of ownership is very common leasing. Leasing - a form of credit and financial relations, which consists in a long lease industrial, transport and other enterprises of machinery and equipment, or in companies that produce them, or at the specially created leasing company. In addition to these leasing transaction parties are also involved insurance companies, commercial and investment banks, are able to mobilize the necessary funds to finance operations.



Leasing market is characterized by a variety of forms of leasing models leasing contracts and legal rules governing the leasing operations.



When you select types of leasing originate primarily from the signs of their classification, which is characterized by: relation to rented property, the type of financing leasing operations, the type of leased property; composition of the leasing transaction, the type of leased property, the degree of recovery of leased property; market where held leasing operations.



In relation to the rented property (or volume of service) lease is divided into:



Net (net leasing), when all the costs of property maintenance assumes the lessee. In this case, the lessee takes the lessor net or net payments. The majority of services in the domestic leasing market equipment are clean.



Full, or as it is also called "wet" leasing (wet leasing), when the lessor shall bear all the costs of property maintenance. Its use is generally equipment manufacturers themselves. At a cost of leasing a complete one of the most expensive, as the lessor increased maintenance costs, support of qualified personnel, repair and supply of necessary raw materials and components, etc.



Partial (partial set of services), when imposed on the lessor's only a few functions to service the property.



By type of financing lease is divided into:



Urgent when there is a one-time rental property.



Renewable (revolving), in which after the first term of the lease agreement is extended for the next period. In this case, the objects of leasing over time, depending on the wear and at the request of the lessee are changed to more sophisticated designs. Lessee shall bear all the cost of replacing equipment. The number of leased assets and the timing of their use in renewable leases are not specified in advance by the parties.



Depending on the composition of participants (subjects) of the transaction, the following types of leasing:



Direct lease in which the owner of the property (supplier) on their own leases to lease (two-way deal). In fact, this deal can not be called a classic leasing deal, since it does not participate leasing company.



Indirect leasing, when the transfer of the property is leased through an intermediary. This type of transaction is similar to the classic leasing operation, since it involves the supplier, the lessor and the lessee, each of which acts independently.



Separate leases (leases involving multiple parties) - leveraged leasing. This type of leasing is common as a form of financing of complex, large-scale facilities.



One of the forms of direct leasing is leaseback (sale and leaseback arrangement). Leaseback is a system of interrelated agreements under which the firm - the owner of the land, buildings, structures or equipment is selling this property financial institution (bank, insurance company, investment fund, the company specifically focused on leasing transactions) with simultaneous registration of the agreement on long-term lease of its former property on lease.



By type of assets are distinguished:



Leasing of movable property (equipment, machinery, vehicles, ships, planes, etc.), including new and second hand.



Leasing of real estate (buildings).



According to the degree of return of property leasing is divided into:



Leasing with full payback (or close to full) when during the term of the lease agreement is full or close to full amortization of property and, accordingly, the payment of the cost of the lessor of the property.



Leasing of part-time payback, in which during the term of a lease agreement is a partial amortization of property and pays only a part of it.



According to the features of repayment (amortization of property conditions) allocate financial and operational leasing.



Financial (capital, straight) leasing - financial, capital leases - is a relationship of partners, providing for the term of the agreement between the payment of lease payments covering the full cost of equipment depreciation or most of, the additional costs and profits of the lessor.



Operational (service) lease - service, operating leases - is a rental relationship in which the lessor's costs associated with the acquisition and maintenance of the leased items are not covered by rental payments for one leasing contract. It is usually for 2-5 years. When operational leasing risk of damage or loss of the object lies mainly on the lessor.



Depending on the sector of the market, where leasing operations are carried out, are distinguished:



Domestic leasing, when all participants in the transaction from the same country.



External (international) leasing transactions relate to him, in which at least one of the parties belong to different countries.



To make effective use of fixed assets and keep them in working order requires periodic maintenance.



Repair of fixed capital (fixed assets) - this is a partial recovery (reduced wear of objects) of fixed capital (fixed assets) to keep them in working order. [7]



Produced timely repair provides the rhythm of the enterprise, reduces downtime and increases the service life of fixed assets.



The volume and nature of the repairs are two types of repairs - current and capital. Are different from them and sources of financing: current repairs made due to production costs, and capital - through specially created for the purpose of a sinking fund.



Current repairs planned in the cost of maintenance and operation of equipment, and general factory obschetsehovyh costs, being an independent article estimates these costs. In the case of large deviations from the fact of spending estimates superior organization allows enterprises to reserve funds to cover the costs of maintenance.



The company can produce repair of both in-house and by outside organizations-contractors.



Major repairs of machinery and equipment repair is considered, under which a disassembly of the unit, the replacement or repair of worn parts and components, and which is produced at a frequency of more than one year.



Repair of buildings and structures implies a change of worn components and parts, replacing them with more fuel efficient, advanced, improving the operational capabilities of the repaired object. Major repairs carried out in accordance with the annual plan (with quarterly breakdown) made up in terms of money (at a cost) in real terms, - per object. The source of financing for major repairs of fixed assets is a sinking fund for major repairs.





4. Financial investment. Securities as the object of financial investment. Portfolio management





Financial investments - is diverted funds intended to bring the company revenue over time.



Financial investments include: contributions to the charter capital of other companies (including subsidiaries) in securities (stocks, bonds) of other companies, interest-bearing bonds of state and local loans, deposit accounts of banks, savings certificates, loans granted to other organizations, investment property under contract on joint activity. Documents confirming the committed investments are received shares, certificates, bonds, certificates of deposits on the amounts produced, contracts for the provision of loans. Investments are not documented, should be considered separately.



Financial investments are classified according to various criteria: for connection with a registered capital, ownership, date on which they are made, etc.



Depending on the connection with capital investments differentiate to form the share capital and debt.



For investments in order to form the share capital include stocks, investments in authorized capitals of other organizations and investment certificates evidencing ownership interest in the investment fund, and give the right to receive income from the securities comprising the fund.



For debt securities include bonds, mortgages, deposits and savings certificates.



According to ownership distinguished public and private securities.



Depending on the period for which the investments are made, they are divided into long-term (investments for more than 1 year) and short term (investments for up to 1 year)



All the many definitions of securities can be broken down into groups.



The first group include determining who say that security - this is a document authorizing certain property rights (including the right to receive income).



The second group includes definitions, that indicate that security is a capital. And one can distinguish a group of definitions, saying that the securities are fictitious capital.



Securities of the following functions:



reallocate funds (capital) between the sectors of the economy, territories and countries, groups and strata of the population, population and economic spheres, the public and the state, etc.;



provides certain financial rights to its owners as well as rights to equity. For example, the right to participate in the management of the relevant information, priority in certain situations, etc.;



provides a return on capital and (or) the return of capital itself, and others;



inform investors about the economic situation in the country and gives them a benchmark for the investment;



are the link between the state, political and social institutions on the one hand and a set of economic relations with the other (any political event has an impact on stock prices, and they affect the economy as a whole);



Issue of securities - the most important source of raising funds for young companies raise additional capital for existing businesses, as well as increasing the state and local budgets;



the introduction of various types of securities in the financial and cash flow, allows no increase in the money supply to increase the mobility of financial resources by focusing them on the most important areas of production, circulation;



Giving an overall estimate of the value of securities in the economy, the following important points. First, the security advocates flexible tool investing surplus funds of legal entities and individuals. Second, the placement of securities - an effective way of mobilizing resources for the development of production and to meet other needs of society. Thirdly, the securities are actively involved in service trade and circulation of money. Fourth, on the stock market, especially the stock exchanges, courses consist of securities, these courses - the barometer of any changes in the economic and political life of a country



Among the types of securities are the following.



Action - equity security fixes the rights of the owner (shareholder) of the receipt of the profits of the company in the form of dividends, to participate in the management of the corporation, and a portion of the assets remaining after liquidation.



Bond - equity security fixes the right of the holder to receive from the issuer of a bond provided by it in term of its nominal value and fixed interest of the value of this or any other property equivalent.



Bill - this is made up by the statutory form of an unconditional written financial obligation debt issued by one party (the drawer) to another party (note holder) and paid stamp duty.



Securities portfolio - brought together a variety of investment finance values ​​that serve a tool for a particular investor's investment objectives. Forming a portfolio, an investor comes from its "portfolio considerations". "Portfolio considerations" - a desire of the owner to have their funds in such form and in such a position that they were safe, liquid and highly profitable.



Principles of investment portfolio are safety and profitability of investments, their steady growth, high liquidity. Under the security means invulnerability investment from market turmoil investment capital and income stability. The liquidity of investment property - it is their ability to quickly and without loss in value to turn into cash.



None of the investment property does not have all the properties listed above. Therefore, a compromise is inevitable. If the security is reliable, then the yield will be low, since those who offer reliability, will offer a higher price. The main objective in the formation of the portfolio is to achieve the optimal mix between risk and return for the investor. In other words, the corresponding set of investment tools designed to reduce the risk of loss to the investor to a minimum and at the same time to increase his income to the maximum.



Under the management of a portfolio refers to the aggregate of the application of various types of securities of certain methods and technological capabilities that allow you to:



preserve the original invested capital;



achieve the maximum level of income;



investment portfolio to provide direction



In other words, the process of management is aimed at maintaining the core of the investment portfolio and the quality of the properties that would meet the interests of its holder. Therefore, a correction of the current structure of the portfolio based on the monitoring of factors that may cause a change in the components of the portfolio.



The set of techniques applied to the portfolio and the technical possibilities is a control method that can be characterized as active and passive.



The first and one of the most costly, time-consuming element of management is monitoring, which is a continuous in-depth analysis of the stock market, its trends, sectors of the stock market, the financial and economic performance of the company issuing the securities, investment quality of the securities.



The ultimate goal of monitoring is to select securities that have investment properties corresponding to this type of portfolio.



Monitoring - is the basis of both active and passive control methods.



Active management model involves careful monitoring and immediate purchase of tools that meet the investment objectives of the portfolio, as well as rapid changes in the composition of equity instruments included in the portfolio.



Monitoring provides a basis for predicting the amount of possible income from investment funds and intensification of operations with securities.



Passive management is the creation of a well diversified portfolio with a predetermined level of risk, designed for the long term. Such an approach is possible with sufficient efficiency of the market saturated with good quality securities. The duration of the portfolio involves the process stability in the stock market. In terms of inflation, and hence the existence of mostly short-term securities market, as well as the volatile stock market trends passive management is ineffective.



Passive management is effective only in respect of a portfolio consisting of low-risk securities. The securities must be long-term in order to exist in the portfolio unchanged for a long time. This will enable the main advantage of passive management - low overhead. [8]





5. The role of financial services in the mobilization of financial resources and their effective use for investment





The basic component of the economy in market economic conditions are entities that act as economic agents. They are to carry out economic activities, received the products, income and savings using certain types of resources: material, labor, financial, as well as cash.



Among the above-mentioned economic categories is the most difficult category of "Financial Resources". On the essence of this category, the conventional view among academic economists hitherto not. However, many economists believe that the "financial resources" - is the money available to businesses.



However, the funds - is an independent economic category. In their concept of enterprise funds are invested in accounts in banks, at the box office, etc. They accounted for active accounts and accounting companies are recognized in the assets of the balance sheet.



Same financial resources - are the sources of funds of enterprises directed to the formation of their assets. These sources are of own, borrowed and borrowed. They are reflected in the relevant sections of the balance sheet liabilities.



Accordingly, the financial resources of enterprises - it's own, borrowed and borrowed money capital, which is used by businesses to generate their assets and implement operational and financial activities in order to obtain the gains and profits.



Formation of financial resources is made in the process of establishing businesses and realizing their financial relationships with the implementation of economic and financial activity.



When you create an enterprise sources of funding depend on the form of ownership, on the basis of which the company is created. Thus, with the creation of state enterprises financial resources come from the budget funds higher authorities, due to other similar businesses in their reorganization, etc. When you create a collective enterprises, they are formed by the unit (equity) of the contributions of founders, voluntary contributions of businesses and individuals, and etc. All of these contributions (funds) are authorized (initial) capital and accumulated in the share capital of JV.



In the process of further financial resources of enterprises are supplemented by further create their own sources of borrowed and borrowed funds. In this case, the separately formed their own financial resources (equity) include: reserve capital, additional capital invested, other additional capital, retained earnings, and targeted funding, etc.



The performance of each company depends on the full and timely mobilization of financial resources and using them correctly to ensure normal production process and expanding production facilities. In this context, the importance of each enterprise has the correct organization of financial work



The financial operation is a system of economic measures to determine the financial resources in the amounts necessary to ensure the implementation of plans for economic and social development of enterprises, the control of their targeted and efficient use.



The main objectives of financial activity are:



mobilization of financial resources to the extent necessary to ensure the normal production process and the expansion of productive assets in the amount set by the plans,



finding ways to increase profits and improve the profitability of production,



timely fulfillment of obligations to the various levels of financial and credit system of the budget on introduction of taxes and payments to the centralized budget funds - to pay the established payments to banks - to repay the loan and pay interest for them,



timely fulfillment of obligations to pay suppliers on inventory, to employees - to pay for their labor,



control over safety, the use of an asset and the acceleration of their turnover,



control of rational and targeted use of financial resources.



Financial activity consists of:



financial planning and forecasting,



a financial operation,



analysis and control of the financial activities of enterprises.



Financial planning, being one of the most important functions of business management involves drawing up financial plans (including credit and cash), and other financial and economic calculations to determine the costs and sources of coverage on various areas of the company.



Purpose of financial planning and forecasting is to determine the needs of enterprises in financial resources in the amounts necessary to implement the plan for economic and social development, as well as finding the reserves increase yield and improve profitability.



Financial planning (work) in enterprises, in practice, is expressed as the amount of proceeds from the sale of products, from the provision of services on the side, and the final results of the company in the distribution of income received through the appropriate channels, to establish the need for current assets, capital investment, capital repairs and the sources of their coverage, in compiling the financial plan (the balance of income and expenses). In addition to the financial work include: estimating the content of child-care facilities, housing and communal services, develop-ment and to bring to the production units and the various services of the enterprise cost limits, norms and values ​​of the flow of materials, design and implementation of various activities to increase cash income and savings, as well as to improve production efficiency.



Prompt financial work consists of a set of measures to mobilize the financial resources necessary for the smooth implementation of the process of production and sales, accounts and timely fulfillment of financial obligations to the budget, centralized funds, suppliers, employees, businesses, etc. Specifically, the current financial performance is reflected in the timeliness of registration of products sold and charging you for it with buyers, charging overdue accounts receivable, receipt of funds by way of compensation for lost property, bank loans, as well as in the transfer of payments to the budget, insurance agencies, in repayment of the bank loans and interest on them, in making payments to suppliers, to obtain funds to pay for labor and other business expenses, etc.



Financial control of enterprises is reflected in the verification of the financial, credit and cash plans, the use of funds, the company's solvency, etc. It is carried out by checking the timeliness and accuracy of financial and credit operations, analysis of monthly, quarterly, annual reports and balance sheets.



Financial control of enterprises during the year is intended to check the timeliness and completeness of revenue means the correctness of their expenditure under the plan and financial obligations, to reveal violations, identify the potential for increasing financial resources.



In the investment management activities in one way or another involved such division of the enterprise, such as: financial, contracts, marketing, accounting, production and engineering, construction, supply and sales services. To date, a necessary condition for the successful implementation of investment projects is the integration of all participants in the governance process. It is important to create opportunities for a single management structure investments in the existing organizational structure of the enterprise. [6]



Financial Services Company - is the organizational structure entrusted with the operation of development proposals for the formation of the financial policy of the company, its implementation in the financial, cash and other plans, monitoring their performance and their cash flows, their timely correction (based on the current situation), making reporting of financial results. The purpose of the financial services company providing the most effective formation and use of financial resources of the enterprise opganizatsii and control of these processes.



Objectives of financial service companies:



development of the financial strategy of the enterprise, organizations on the most effective use of their own, borrowed funds;



Composing and implementation of financial credit and cash plans;



assistance to the director, the organization in managing cash flow to ensure profitable growth, improve profitability and meet the production and social needs of employees;



financial control over the efficient use of production assets, for adjusting the size of the working capital to bankable standards;



organization of payment for finished goods (works, services), and constant monitoring of the implementation of plans for sales and profits, tracking of internal and external factors affecting the financial condition of the company, and the development of proposals to change the current financial performance;



fulfillment of financial obligations to the financial tax authorities, banks, suppliers, partners, and the parent organization, the payment of wages and other obligations of the financial plan, reporting on the implementation of the enterprise to develop a financial strategy and related financial plans. [9]



Conclusion





Fixed assets (PF) companies - a set of tangible assets (means of production), which transfer their value during the manufacturing process, in part to made production.



By the nature of participation in the process of reproduction OF allocate production and non-RP. Depending on the purpose and function of isolated buildings, transmission facilities, machinery and equipment, vehicles, tools, industrial equipment, farm implements, draft animals, the capital cost of land improvements, and other formatting.



Depreciation - by shifting part of the cost of PF on manufactured product or a service.



The initial cost of PF is defined as the sum of the value of the purchased equipment, transportation costs, installation costs. The residual value of - the value of the retirement of the balance sheet. Net book value of - the cost for depreciation. Full replacement cost of the building is the amount of funds required for its complete restoration in the original form (old design), with the current prices. It may be overstated by experts.



Reproduction of fixed assets - it is a continuous process of updating through the acquisition of new technologies, the modernization and renovation.



Reproduction of fixed assets at the expense of investment. Investment (capital expenditure) - a set of costs of material, labor and financial resources devoted to the expanded reproduction of capital assets. Investments are classified in relation to the application object, the nature of the use and the time factor.



Attracting investment in the company for the investment process - an important factor in the reproduction of capital.



For efficient investment of funds necessary to evaluate and make the correct choice of the investment project. Quite often, the company is faced with a situation where there are a number of alternative investment projects. There is a need to compare these projects and selecting the most attractive of them by any criteria.



Financial investments - is diverted funds intended to bring the company revenue over time. One of the types of investments in securities - a document authorizing certain property rights (including the right to receive income).



Securities portfolio - brought together a variety of investment finance values ​​that serve a tool for a particular investor's investment objectives.



For the mobilization of financial resources and their effective use for investment meets financial service companies. Financial Services Company - is the organizational structure entrusted with the operation of development proposals for the formation of the financial policy of the company, its implementation in the financial, cash and other plans, monitoring their performance and their cash flows, their timely correction (based on the current situation), making reporting of financial results.



Management of fixed capital is the most important area of ​​public management. On its effectiveness depends largely on the value of the losses, distribution costs and the amount of income received by the organization. Therefore, managers need to carefully examine the nature of capital, as well as ways of its reproduction by investing additional financial resources.