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Zagreb International Review of Economics & Business, Vol. 10 No. 1, 2007

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 downloads: 256* cite
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 22 Jan. 2019.
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 22 January 2019)
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 2019 January 22];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: 22 January 2019]

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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