SOME ASPECTS OF THE EVALUATION PROCESS AND THE PECULIARITIES OF THE BUSINESS EVALUATION
Rezo Manvelidze
Professor at Batumi Shota Rustaveli state University
Georgia, Batumi
E-mail: manvelidze.revaz@bsu.edu.ge
http://orcid.org/0000-0001-9937-2020
Ia Meskhidze
Associate Professor at Batumi Shota Rustaveli State University
Georgia, Batumi
E-mail: Ia.meskhidze@bsu.edu.ge
http://orcid.org/0000-0003-1694-122X
Lasha Manvelidze
PhD student at Batumi Shota Rustaveli State University
Georgia, Batumi
E-mail: lashamanvelidze@gmail.com
http://orcid.org/0000-0001-5631-3127
Irakli Beridze
PhD student at Batumi Shota Rustaveli State University
Georgia, Batumi
E-mail: i.beridze@yahoo.com
http://orcid.org/0000-0002-4804-7364
Abstract
The active and large-scale process of globalization causes changes in the key indicators of market mechanisms, productivity, and proportionality. Naturally, this has a significant impact on the competitiveness of the economy. That is why it is necessary that this process is guided by evolution and to be detached the economic stage of its realization.
All country needs assessment of entrepreneur potential as it is an 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 that 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 uses 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 the article, also for Georgia, where they still exist specific obstacles, which, in our opinion, are the obstructions in this field.
In our opinion, several trends cause an unforeseen change of national farming indicators, is mainly caused by characteristic flaws of production forces and Disproportionate transformation process in almost all areas of the 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.
Keywords: Business value, Value appraisal, Business market value, Valuation activities, Regional economy, Regional finance, Investment programs.
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