Resources, Strategies, Transformations: What КЕМВА Participants Studied During the Module in January
Management accounting, analysis of breakthrough strategies, a tour into the history and research of transformations of Ukrainian society. On January, 27-30, Lviv Business School of UCU ran a module for Key Executive МВА program participants.
Managers discussed the ways to duly manage resources of organization with a professor of finance Mykhaylo Kolisnyk, a managing partner of ‘FINART Smart Solutions’. ‘I’d rather use the term ‘financial accounting’, not the ‘bookkeeping records’. When you say ‘bookkeeping’ then you immediately imagine a huge pile of documents and a frustrated tired lady behind it. Instead, an expression ‘financial accounting’ is usually associated with a handsome American style gentleman wearing a suit who is doing his best to meet the needs of a company, not the tax administration, and to protect it from the enemy attacks,’ a lecturer makes a witty remark.
Pavlo Sheremeta, Director of the UCU School of Public Management, Head of LvBS Advisory Council at the KEMBA module delivered a course on ‘Breakthrough Strategies’.
On the basis of his own experience, he was comparing development strategies of different countries and identified the most important vectors for the development of Ukraine. ‘In many developed countries, some 9 tourists create one job. In Lviv, one job correlates with 26 tourists. I do not mean you need to charge an arm and a leg and overprice things. Instead, you need to raise the level of service and therefore the price.’
In the end of the course, the Key Executive MBA participants were talking with a historian, UCU professor Yaroslav Hrytsak about history and transformation of Ukrainian society.
‘The most successful countries are those with sustainable development. Even though they have hard times, too. Studies show that a 3:1 parameter usually works. Each three successful years are usually followed by one bad year. However, the GDP in the countries grows. Ukraine also has to shift to sustainable development. But do not confuse the term with ‘fast development’ which can even destroy a country,’ professor warns.