Sezvo sarudzo yemubhadharo webhizimisi inokurudzira kukwezva kwevatengesi.

Sangano rekugoverana kwebhizimisi, somuenzaniso kambani inosungirirana, ndiyo yakadaro yekugoverwa kwekambani yekambani apo zvikwereti, kureva, chikwereti kubva kune zvikwereti, zvinoparidzirwa pakati pevashandi.
Sangano rekuparadzanisa kwekambani rinoitwa sei? Iyi nheyo inoumbwa nebhodhi revatungamiri. Zvakawanda zvinowirirana nezvinangwa zvebasa racho, uye pane zvino, mamiriro ezvinhu ikozvino mukambani. Kana yakasarudzwa kutevera mutemo uyu, purogiramu yebhizimusi inobhadharwa nenzira yezvikamu. Inheyo inonzi inoparadzanisa mutemo webhizimisi, seyakazara, zvinoreva kugoverwa kwekufananidzwa kwepurogiramu mubhizimusi.
Mutemo wekuparadzanisa kwebhizimisi inomirira rudzi urwu rwekupararira kwebatsiro, apo varidzi vanogara vari mukukunda.
Asi zvikamu zvipi zvinokanganisa kushandiswa kwemari? Uye heinoi sei. Kana ukuru hwezvikwereti zvakakwirira, zvino izvi zvinoratidza kubudirira uye kwakarurama, mune zvose, makambani emitemo. Inobatsirawo kune mupiro wekutsvaga kwekutsvaga kubhadharo yekambani.

Mutemo wekuparadzanisa webhizimisi uri muhupenyu hwakachena kwete hurumende yekusimudzirwa kwekambani kana kubhadhara mari munguva pfupi. Iyo yakakosha uye inonyanya kukosha ndeyokushandisa mari, pasina zvikamu. Asi kwenguva yakareba mukugadzirisa kuwana zvikamu zvakarongwa, purogiramu yebhizimisi, iyo, mararamiro, iri kuva chikamu chinofadza chekambani yekambani.
Mukushanda kwekusimudzirwa kwebasa, zvikamu zvenguva yemberi zvinokura nekuwedzera. Nokudaro, zvakakosha zvikuru kubatanidza mazano maviri ekuzadzikisa kwekushandisa mari.

Kusiyanisa mitauro yakasiyana-siyana yemitemo yemigumisiro yezvikwereti pachiyero chezvivimbiso.
Nyaya yekutanga, iyo inonzi "Modigliani-Miller Theory" - ndiyo apo sarudzo yeparabhenji yekambani haina kukanganisa huwandu hwekambani yekambani uye purogiramu yevashandi vemunyika yose.
Chidzidzo chechipiri, chine musoro unoti "Nheyo yezvokugoverana". Bhuku - D. Gordon na D. Linter.
Iyi nyanzvi inofunga kuti zvikwereti kana mugove wezvikamu zvinokwidzwa zvakakwirira kudarika mamwe mari. Saka, zvinokosha kuwedzera zvikamu uye nekudaro kuvandudza mutemo weparadhiso webhizimisi.
Kune dzimwe mhando dzedzidziso. Zvinoreva kusarudzwa kworudzi rwepurogiramu yemabhadharo zvachose. Pane zvipo zvitatu zvekugadzira chirongwa chekugoverana kwekambani.
Iyi inowanzochengetedza purogiramu, apo mari inowanikwa inonyatsoreva kufambira mberi kwekambani, uye zvikamu, sezviri, panzvimbo yechipiri uye zvinoshandiswa sezvinodiwa. Chirongwa chekuchengetedza chinoshamiswa nemhando mbiri dzepurogiramu yekuparadzanisa. Iyi ndiyo inogadziriswa purogiramu yemabhadharo ekubhadharisa uye mutemo wezvishoma zvigaro zvigaro.

Rudzi rwechipiri rweparadhiso yehurumende ndeyemhando yechisimba. Muchiitiko ichi, purogiramu yebasa iri kugoverwa kugoverwa kwezvikamu zvekutsvaga kuitira kukwezva mari huru. Mushure mezvose, zvinogara zvichinyanya kufadza kune vashandi vepamabhiza kuti vashande munharaunda yebhizimisi ine zvikwereti zvakakwirira. Kubudirira kwekambani iri munyaya iyi ikozvino kuiswa paurongwa hwechipiri. Rudzi rwechisimba, pamwe chete neanochengetedza, runofananidzwa nemhando mbiri dzemitemo yekubhadhara chikamu. Nheyo yehutano hwakasimba uye chirongwa chekuwedzera kuwedzera muhukuru hwezvikamu.
Rudzi rwechitatu ndirwo rudzi rwekutengesa. Zita iro rinotaura pacharo. Uyu ndiwo mutsetse pakati pemhando dzakashata uye dzine utsinye.

Mhando dzose dzemitemo yekuparadzanisa inoshandiswa zvakashandiswa nemabhizimisi anoshandiswa mumusika wemazuva ano. Izvi zvakakosha, pamusoro pezvose, kuti pakuguma, zvikamu zvinounza misha mitsva, iyo, inobatsira. Izvozvi, kubhadhara purogiramu uye ndiyo inokonzerwa nemabasa ose ezvehupfumi ayo makambani ari kutengesa mumusika wezvigadzirwa nemabasa. Icho chinhu chinokurudzira icho chinoita kuti zvive nehupfumi hupfumi hwekodzero ipi neipi yekuremekedza.