CONSTRUCTION OF ENTERPRISE VALUE-BASED MANAGEMENT FRAMEWORK ON THE BASIS OF SYSTEM METHODOLOGY

А. М. Rozman

Abstract


Based on theoretical and methodological foundations of system methodology, basic elements of the value-based management system were identified in the article. The object, subject, goals, objectives, functions and principles of value-based management were singled out, that allowed to clearly reveal the contents and features of this type of management and its place in the enterprise management system. The processes of formation and using the capital of enterprise as its investment resource were determined as objects of value-based management. According to the position of value-based management target orientation, it has been found out that the purpose of value-based management is to ensure conditions for increasing enterprise value and obtaining a target profit in the long run.

Keywords: value-based management system, financial capital, human capital, organizational capital, interface capital, process of value-based management, business model, vector based hybrid value metric.


Full Text:

PDF

References


Rappaport A. Creating Shareholder Value: The New Standard for Business Performance / A. Rappaport. – N.Y. : Free Press, 1986. – 209 p.

Arnold G. Tracing the development of value based management / G. Arnold, M. Davies // Value based management. Context and application. – 2000. – P. 7-36.

Payne A. A Strategic Framework for Customer Relationship Management / A. Payne, P. Frow // Journal of Marketing. – 2005. – № 4. – P. 167-176.

Copeland T. Valuation: Measuring and Managing the Value of Companies, Second Edition / T. Copeland, T. Koller, J. Murrin. – New York : John Wiley & Sons, 1994. – 819 р.

Slatera S. A value-based management system / S. Slatera, E. Olsonb // Business Horizons. – 1996. – Volume 39, Issue 5. – P. 48-52.

Knight J. Value Based Management / J. Knight. – New York: McGraw-Hill, 1997. – 307 p.

Martin J. Value-based management with corporate social responsibility / J. Martin, W. Petty, J. Wallace. – New York : Oxford University Press, 2009. – 196 p.

Boyarko I. M. Teoretychni aspekty systemy tsinnisno-oriyentovanoho upravlinnya pidpryyemstvom / I. M. Boyarko, Ya. V. Samusevych // Biznesinform. – 2012. – № 9. – S. 282-284.

Boyko M. G. Kontseptual'ni zasady pobudovy systemy tsinnisno-oriyentovanoho upravlinnya pidpryyemstvamy / M. H. Boyko // Visnyk Volyns'koho instytutu ekonomiky ta menedzhmentu. – 2011. – № 1. – Access mode: http://wp.viem.edu.ua/10/11/24/39/visnukviem1.pdf

Agafonova N. V. K voprosu o predmete filosofii i metodologi upravleniya / N. V. Agafonova // Uchenyie trudyi. – M. : Univ. gumanit. litsey, 2005. – S. 31-45.

Bay S. I. Rozvytok orhanizatsiyi: polityka, potentsial, efektyvnist' : monohrafiya / S. I. Bay. – K. : KNTEU, 2009. – 280 s.

Lafta D. Teoriya organizatsii. – M.: VELBI; Prospekt, 2006. – 416 s.

Ivashkovskaya I. V. Vyibor strukturyi kapitala krupnyimi rossiyskimi kompaniyami / I.V. Ivashkovskaya, M. S. Solntseva. M. – : Izdatelskiy dom GU-VShE. – 2009. – S. 155-163.

Krasnokuts'ka N. S. Kontseptsiya tsinnisno-oriyentovanoho upravlinnya potentsialom pidpryyemstva / N. S. Krasnokut•s'ka // Aktual'ni problemy ekonomiky. – Kyyiv, 2012. – № 8. – S. 23-29.

Illyashenko S. Sutnist', struktura i metodychni osnovy otsinky intelektual'noho kapitalu pidpryyemstva / S. Ilyashenko // Ekonomika Ukrayiny. – 2008. - № 11. – S. 16-26.

Bezgin K. S. Upravlinnya protsesom stvorennya tsinnosti na pidpryyemstvi / dysertatsiya na zdobuttya naukovoho stupenya doktora ekonomichnykh nauk. – Mariupol': Pryazovs'kyy derzhavnyy tekhnichnyy universytet, 2016. – 450 s.

Novykova I. V. Teoretychni osnovy vartisno-oriyentovanoho upravlinnya investytsiynoyu diyal'nistyu pidpryyemstva / I. V. Novykova // Ekonomika ta upravlinnya pidpryyemstvamy mashynobudivnoyi haluzi: problemy teoriyi ta praktyky. – 2012. - № 3 (19). – S. 106-116.

Kozenkov D. E. Proektuvannya biznes-protsesiv yak osnova stvorennya arkhitektury pidpryyemstva / D. E. Kozenkov // Visnyk SumDU. – 2011. – № 3. – S. 126-136.

Porter M. E. Competitive Advantage / M. E. Porter. – New York : Free Press, 1985. – 557 p.

Daum J. Measuring performance in a knowledge economy: linking subjective and objective measurement into a “vector-based” concept for performance measurement / J. Daum, P. Bretscher. – Edinburg: The 4th International Conference on Theory and Practice in Performance Measurement and Management, 2004. – 21 p.


Refbacks

  • There are currently no refbacks.