The development of the enterprise requires the investment, and these of the railway of capitals. Capitals meanwhile they should is increased. The growth of the efficiency investments are the whose centre makes possible he will get ¬ not competitive superiority on the market. So now investments should have the special value in the management the enterprise.
The management was passed on investment projects in the enterprise central responsible for investments, that is The centre of the investment. The centre of the investment is this the of the organization responsible segment for the larger quantity of parameters than The centre of profits, and namely both for financial results, how and their report to the invested capital.
The traditional system of the management investment projects represents the following drawing.
The centre of the investment is defined as The centre of the profits in which the board is to qualify the cost of the received capital or the cost of using the operating active bodies of the centre („cost of the assets used in the center’s operations”)in the state. Can The centre of the investment make up too ¬ the distinguished evenly part the enterprise, whose ¬ responsible is for results and investments, how
and the subject , be this functioning on the market or through the connection capital stays in the definite structure of large under ¬ the litter (concerns, holding companies).
The manager of The centre of the investment possesses authorizations to making investment decisions. And so they usually answer for strategic, developmental investments (creating the branch in various countries, fusions)in large industrial structures on the rung of the headquarters. They now will be responsible not only for the level of the results of the corporation, but and the hazard ¬ the of the developmental decisions the definite level of is whose result and engaged capitals formative the foot of the turn from these Investors measure this use making decisions relating to engaging the capital in the given firm.
Every economic activity requires investing the capital and the opinion of the activity of the organizational individual should that is why contain information about this how she uses the invested in her capital. Measures necessary are now synthetise information on the subject of being shaping the mass of the profit and capital expenditures.
The assets available the given centre is the basic test, that is HE DREAMS (return he inuestment). This is the leading idea of this conception that possessed assets generates profits, and the decentralization of the responsibility for profits as a rule requires the decentralization of the control of the majority of the active bodies of the organization. The remembered coefficient DREAMS what level of the foot of the turn informs the proper economic activity of the centre assures.
The centre can also be estimated on the basis the profit or the income he on which consists the operating profit or the income realizes by the centre the investment, about counted percentages on used by the this centre active bodies.
T. Grove the way of rewarding managers in the responsible centre for investments occupied oneself. He reward of the manager of The centre of investment or profit consists has of solid part and changing part according to him, counted as the product the of the bonus contained in compartment (0,1) and the basis of the bonus. This dependent basis is from the sum:
The manager of the centre is awarded a the prize the public meeting both from his the really reached result, how and from the planned result of the whole enterprise – he is interested not only the his centre thanks to this, but and The whole of the enterprise. The consciousness of this, that there are different possible ways standing more (maybe profitable)supplies, he limits has, according to the creator of, the demand of additional supplies (investment projects) and to also cause so that the given manager would by to be interested also as the result of The remaining centre of profits. Excessive demands can that different more profitable projects will get less supplies what will reduce the result of the whole enterprise. The excessive planned result moreover will enlarge different managers bonus, but not own, because for every one ¬ him replace the manager the result planned the real result. The bonus from the own result causes from second side the desire obtainment to ¬ supplies, what one translates on the enlargement planned result. These conflicting cause that in receives the board of the enterprise ¬ formations about the optimum way of utilization of possessed supplies and information about the real result to the obtainment in the next period both by the individual centre, how and the whole enterprise.
You should begin applying the above mentioned mechanism on the beginning of the process of the planning, before the moment distributes supplies by too ¬ the line. However he accounts bonuses just after finishes the period for what the mechanism was applied.
The centre of the investment gives the larger range of responsibility than the centre of profits still to managers. The responsibility comes for effective utilization of the capital invested here ¬ him, and also for the search of new investment possibilities.