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Controlling And The New World Crisis

Author

Listed:
  • Plamen Iliev

    (New Bulgarian University,Sofia, Bulgaria)

Abstract

The topic of controlling has become especially relevant again, after more than 120 years of its emergence, in the last few years, with the growth and development of the financial and economic crisis of 2008-2009, which put companies in Bulgaria and around the world in unpredictable and uncontrollable environment. And if a few years after its inception, we can assume that it has been overcome to a great extent, humanity is facing a new and probably greater financial and economic crisis in 2020, as a result of a global coronavirus infection that no one can predicts its duration, when it will end and at what price.An opportunity to reduce costs, increase labor and investment efficiency, and real-world experience in emerging from the emerging crisis is to introduce a new and modern management system that monitors the financial performance of the enterprise, to plan, analyze and coordinate, as and to control the activity. Controlling is one of the most modern and up-to-date trends in the development of theory and practice regarding the management and provision of financial and economic activities at the micro level.

Suggested Citation

  • Plamen Iliev, 2020. "Controlling And The New World Crisis," Economic Science, education and the real economy: Development and interactions in the digital age, Publishing house Science and Economics Varna, issue 1, pages 599-614.
    • Handle: RePEc:vrn:cfdide:y:2020:i:1:p:599-614
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    More about this item

    Keywords

    crisis; controlling; management; costs; savings;
    All these keywords.

    JEL classification:

    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing

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