On the Issue of Management Teams’ Balance at the Business Entities

Abstract

Although the term “balance” as like as provided terms “balance of interests”, “balance of accounts”, “balanced model” are used in lexicon of professional economists for more than one hundred years they still have no exact and well-known definitions. The most popular definitions of “balance” provided with the term “equilibrium” cannot be criticized, because each system after reaching equilibrium stops its development and may die. However, the sphere of practical using of balanced methods becomes wider. In last 10–15 years the term “balance” became widely used in system economic theory for solid base of natural and organic development of the economic systems on all the length of life cycle. In this connection there is great necessity to identify this term from the one side and establish its quantitative measurements, on the other side. In the present article we’d like to bring our personal deposit to decision these problems. According to natural disequilibrium of the economic systems, we approach logically held scientific definition of «balance» as well as original approach to accounting the index of system balance. For this aim we create the system model of an individual person as a straight participant of the economic relations. We also provide its organic including to general model of economic activities winch belong to the explored economical subject. On the base of symbiosis integrating system economic theory and changes management theory of Ishak Adizes we synthesize the algorithmic scheme of accounting system balanced index of management team for the explored system. Differently from the present schemes may be used on the nano level of modern economy which is provided with straight participants of the economic relations.