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Original scientific paper
The Five Change Forces in the Evolution of Corporate Finance Function
Andrej Bertoncel
; Institute for Business Growth and Creativity, Ljubljana, Slovenia.
Violeta Bulc
; Institute for Business Growth and Creativity, Ljubljana, Slovenia.
| Fulltext: english, pdf (171 KB) | pages 99-112 | cite | |
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APA 6th Edition Bertoncel, A. & Bulc, V. (2007). The Five Change Forces in the Evolution of Corporate Finance Function. Zagreb International Review of Economics & Business, 10 (1), 99-112. Retrieved from https://hrcak.srce.hr/33428 MLA 8th Edition Bertoncel, Andrej and Violeta Bulc. "The Five Change Forces in the Evolution of Corporate Finance Function." Zagreb International Review of Economics & Business, vol. 10, no. 1, 2007, pp. 99-112. https://hrcak.srce.hr/33428. Accessed 24 Jul. 2021. Chicago 17th Edition Bertoncel, Andrej and Violeta Bulc. "The Five Change Forces in the Evolution of Corporate Finance Function." Zagreb International Review of Economics & Business 10, no. 1 (2007): 99-112. https://hrcak.srce.hr/33428 Harvard Bertoncel, A., and Bulc, V. (2007). 'The Five Change Forces in the Evolution of Corporate Finance Function', Zagreb International Review of Economics & Business, 10(1), pp. 99-112. Available at: https://hrcak.srce.hr/33428 (Accessed 24 July 2021) Vancouver Bertoncel A, Bulc V. The Five Change Forces in the Evolution of Corporate Finance Function. Zagreb International Review of Economics & Business [Internet]. 2007 [cited 2021 July 24];10(1):99-112. Available from: https://hrcak.srce.hr/33428 IEEE A. Bertoncel and V. Bulc, "The Five Change Forces in the Evolution of Corporate Finance Function", Zagreb International Review of Economics & Business, vol.10, no. 1, pp. 99-112, 2007. [Online]. Available: https://hrcak.srce.hr/33428. [Accessed: 24 July 2021] |
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Abstracts
The evolution of business systems consists of four key phases: the working, learning, thinking, and conscious phase. It seems that all four phases represent independent cycles. However, a closer look at the leading elements for added value creation (labour efficiency, knowledge, creativity, intuition) and the winning factors (productivity, quality, innovation, and life energy) at each phase reveals their close interrelation and interdependency. This paper reveals the model of five change forces of business transformation and their impact on financial subsystem. While leaders play a vital role in the evolution process of the company as a whole, the CFO is at the forefront of transformation of the financial subsystem.
Keywords
evolution of business systems; financial subsystem; business environments; model of five change forces
Hrčak ID: 33428
URI
https://hrcak.srce.hr/33428
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