by Maia Edilashvili

Having someone point out exactly what you are doing wrong and what they think you can be doing better, is never easy to take. Business advisory services are all about building a relationship with a company based on trust and mutual understanding, to the point that an otherwise complete stranger, the consultant, will not be afraid to tell you directly the truth however painful.

The success story of a metal production company based near Tbilisi is a clear illustration that even though this process is challenging, correct management, combined with hard work and a willingness to listen, will always pay off.

By Kakha Baindurashvili

Agriculture is governments’ favorite playground. It is integral part of the politics. But especially in the poor countries it plays significant, if not the most important role in people’s employment and households’ sustainable development. Below is a story about Georgian rulers playing in Geoville, real-time game and how the sims are influenced by gamers’ strategies.

The terms “Georgia” and “Georgian” appeared in Western Europe in numerous early medieval annals.  At the time, the name was folk etymologized – for instance, by the French chronicler Jacques de Vitry and the compiler John Mandeville – from Georgians’ especial reverence of Saint George.

CORPORATE GOVERNANCE

Merima Zupčević Buzadžić, International Finance Corporation (IFC)

Boards of directors have recently been subject to increased criticism, in particular in the wake of the recent global economic and financial crises, as it is believed they failed the test when it came to timely detection of downward trajectories in financial performance of companies and to adequate monitoring of risks to which companies were exposed (both internal and external risks).  Especially in developed economies, high levels of remuneration for board members became common practice in many companies, especially financial institutions – however this did not generally lead to meaningful contributions by such board members to supervising work performed by management.

თათია გაგუა

(CNA)-მაშინ როცა ახალგაზრდა ინჟინერმა ლუი რენომ კლასიკური ველოსიპედი დიონ-ბოუტონი პატარა ავტომანქანად გადააკეთა და მოგვიანებით,  პირველი ავტომობილი მამამისის ამხანაგს მიჰყიდა, ალბათ ვერც კი წარმოედგინა რომ მისი სახელი წლების შემდეგ მსოფლიო ავტო-ბრენდი გახდებოდა.

XIX საუკუნის ბრენდი აქტუალობას XXI-ე საუკუნეშიაც არ კარგავს და  გამოირჩევა ინოვაციებით თვდაცვით ტექნოოგიებში, ელექტრომობილების წარმოებაში და, რაც მთავარია, კვლავ პასუხობს ბაზრის გამოწვევებს. კომპანიამ ამჯერადაც, დროულად უპასუხა ბაზრის გამოძახილს და მომხმარებელს განახლებული ახალი თაობის ცნობილი მოდელები  – Renault Logan, Sandero და Sandero Stepway – შესთავაზა.

by Kakha Baindurashvili
I decided to start this post with two charts from two different fictional states, one from economically failed state of ‘Gruzia’, it shows chronic unemployment over the years:

International Monetary Fund, World Economic Outlook Database, 2013

And another one is from wealthy state of ‘Georgia’ only mildly hit by 2008 crises with an average 6% growth over the years:

International Monetary Fund, World Economic Outlook Database, Ministry of Finance of Georgia, 2013

Now, reality is that these two graphs are both from one non-fiction country – Georgia (one which is on the Black Sea).