JEL Classifications: D04, D22
ABOUT THE PECULIARITIES OF BUSINESS EVALUATE AND EVALUATION PROCESS Author: Rezo Manvelidze, Ia Meskhidze, Lasha Manvelidze
| Published: 2020-08-21
| Pages: 20 - 26
For Citation: Manvelidze R., Mekhidze, I., Manvelidze L. (2020). About the peculiarities of
business evaluate and evaluation process. Globalization and Business, №9, pp. 20-26. (In
All countries need assessment of entrepreneur potential as it is essential aspect of improvement of social and other fields in every country’s economy. One of the main mechanisms for achieving this is the ideal assessment of the enterprises those are unfortunately characterized by many flaws or in many cases are ignored at all in our country.
In different countries according to the different circumstances, especially based on purposes of appraisal, they use individual approaches of valuation. These approaches are, for example: income, expenditure and market approaches and each of them use relevant methodologies. Not all the methodologies and approaches are used in the same way. They have their advantages and disadvantages. The problem of classical methods of business valuation in developing countries is also discussed in article, also for Georgia, where there still exist specific obstacles, which, in our opinion, are the obstructions in this field.
In our opinion, there are a number of trends that cause unforeseen change of national farming indicators, is mainly caused by characteristic flaws of production forces and Disproportionate transformation process in almost all areas of real economy. On the first place, the process of business valuation in prioritized fields has a small scale or is completely ignored. International experience reveals that those processes are successfully used in prognosis, purchasing-selling, reorganization, insuring, investing and other stages.
BUSINESS VALUE, VALUE APPRAISAL, BUSINESS MARKET VALUE, APPRAISAL ACTIVITY
Strovsky, V.E., Simonyan,A.Kh (2014). Approaches and methods for assessing the value of business in modern conditions. Izvestia of the Ural State Mining University. №1 (33) (In Russian)
International Assessment Standards 2007 (2009). Georgian edition, # 12 (120) (In Georgian).
Manvelidze, R.,. Meskhidze, I. (2013). Basics of business evaluation. Tbilisi (In Georgian)
Meskhia, I., Gvelesiani, E. (2010). Regional Economic Policy.Tbilisi (In Georgian)
Baratashvili, E., Zarandia, J. Galakhvaridze, N. (2012). Regional Development. Tbilisi (In Georgian)