NEW APPROACHES TO MANAGEMENT STRATEGY OF JSC «UBZHD»

Abstract

In view of growing needs of domestic and international freight transportation the author assesses the prospects of railway network development in Mongolia, describes in detail the content of modernization programs, elaborated by the Government of the country. The main attention is paid to budget management system, the implementation of which is proposed by JSC «Ulan Bator Railway» (hereinafter – JSC «UBZhD ). By virtue of it, centers of financial responsibility emerge, providing accountability at all levels of formation, adjustment and implementation of budgets. Focused on the experience of large companies such as JSC «Russian Railways», budgeting system is designed to help the efficient use of investments in Mongolian railway industry. Moreover, the expected result is in direct proportion to the degree of controllability of the ongoing processes.