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Corporate Education System as a Factor of Ensuring Modern Companies’ Financial Stability

Author

Listed:
  • Buryakov G.A.
  • Andreeva A.V.
  • Orobinskiy A.S.
  • Yudin A.A.

Abstract

Purpose: This article aims to identify the role of corporate universities opened by large holdings for their employees’ effective training as a part of the company’s mission implementation and ensuring business financial stability strategy. Design/Methodology/Approach: To implement flexible project management of the companies’ financial stability, a concept of corporate university development is presented on the grounds of a competency-based approach. Main emphasis of the competency-based approach is aimed at the labor functions performance and establishment of a correlation between competence and labor efficiency of employees. Findings: Methods and techniques of corporate education are aimed at creating human capital development optimal model, ensuring the company’s financial stability. Practical Implications: The study results were tested as part of a corporate retraining program for the specialists at the “Russian Railways” company in Rostov-on-Don. Participation in corporate university programs allows employees responding quickly to market changes. Originality/value: Main contribution of this study is to create an algorithm for transmitting the company's strategy to all management levels. The tools for key changes in the company’s organizational and financial management system are formed at a corporate university.

Suggested Citation

  • Buryakov G.A. & Andreeva A.V. & Orobinskiy A.S. & Yudin A.A., 2019. "Corporate Education System as a Factor of Ensuring Modern Companies’ Financial Stability," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(Special 2), pages 156-166.
    • Handle: RePEc:ers:ijebaa:v:vii:y:2019:i:special2:p:156-166
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    References listed on IDEAS

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    1. Khanif Sharifzуanovich Mullakhmetov & Ruslan Duferovich Sadriev & Elvir Munirovich Akhmetshin, 2018. "Corporate Culture in Management Systems," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 519-528.
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    More about this item

    Keywords

    Corporate university; motivation; specialists’ training; staff rotation; competence centers; financial stability.;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General

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