The project in five facts.
Challenge, approach and results.
In today's times of crisis, companies are increasingly sensitive to external changes and the struggle for survival is becoming ever more difficult. Only companies that are able to adapt to new circumstances survive. The purchasing power of service users (in this case parents) is decreasing, making it harder for them to contribute voluntary donations to the School Fund, and the circle of donors (suppliers and other companies) is also shrinking, as everyone is facing the crisis. Today, public education institutions will have to focus increasingly on their ** internal success factors** (management, business leadership, employees, institutional organisation) and improve their functioning so that set objectives are achieved and the quality of services is successful.
Problem
In today's times of crisis, companies are increasingly sensitive to external changes and the struggle for survival is becoming ever more difficult. Only companies that are able to adapt to new circumstances survive. Public education institutions, which fall under the public sector, are also under increasing pressure during this period, as their operation depends on the external environment.
The state and local authorities have a significant influence on the operation of institutions, as they are already cutting and continue to announce reductions in public expenditure (cost rationalisation, reduction of staff and their salaries). The time has now come for heads of institutions to reflect and begin adapting to new circumstances. It is becoming increasingly important to make the best use of financial resources, which will be ever more limited.
In these times of crisis, there must be even greater emphasis on managing taxpayers' money economically and efficiently, as this is a particularly sensitive topic today. Public institutions must constantly justify the appropriate use of budgetary resources. On the other hand, the public and service users demand quality services.
The possibilities for public education institutions to achieve and generate additional sources of funding are generally limited by the crisis in the country.
Results
The purchasing power of service users (in this case parents) is decreasing, making it harder for them to contribute voluntary donations to the School Fund, and the circle of donors (suppliers and other companies) is also shrinking, as everyone is facing the crisis. Today, public education institutions will have to focus increasingly on their internal success factors (management, business leadership, employees, institutional organisation) and improve their functioning so that set objectives are achieved and the quality of services is successful.
Above all, effective financial management is important, which will efficiently control costs, as the success of an institution is heavily dependent on costs.
Module, programme and stories.
Your diploma project for a real company.
A diploma thesis at Academia solves a challenge from a company – often the one where you do your 800 hours of placement. Read about the Računovodstvo module or book a consultation.