Credibility,currency convertibility and the stabilisation of the rouble

The measures taken so far to move towards currency convertibility and combat inflation in Russia and the other CIS countries are based largely on a three-stage programme formulated by the IMF. The following article presents alternatives and compares them with the IMF concept from the point of view of credibility.     

Aktuelle Entwicklungen und Best Practices aus Finanzen und Controlling

Ohne Zusammenfassung     

Social demands as strategic issues: Some conceptual problems

We argue that business firms are faced with new and changing social demands, and that it will be advantageous to the firm to treat the social demands as strategic issues. However, responding to these social demands strategically requires the application of new managerial concepts and techniques. In this paper we extend conceptually the lead-lag methodology of Ackerman and Bauer (1976), developed to deal with the evolutionary nature of social demands. Then we describe the problems of measurement, uncertainty and lack of common units of measures that have to be overcome before the responses to the social demands can be included in the strategic planning and budget process.