Management of relations with enterprise stakeholders based on value approach
Significant transformations in economic relations and increased competition have posed enterprises with extremely complex tasks in the field of corporate governance. Mainly it concerns the systems of corporate governance, in which the principles of vertical organization are losing relevance, and the...
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| Format: | Article |
| Language: | English |
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LLC "CPC "Business Perspectives"
2021-01-01
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| Series: | Problems and Perspectives in Management |
| Subjects: | |
| Online Access: | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/14602/PPM_2021_01_Pererva.pdf |
| _version_ | 1818723567790981120 |
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| author | Petro Pererva Tetiana Kobielieva Nаdеzhdа Tkасhovа Maxim Tkachov Tetiana Diachenko |
| author_facet | Petro Pererva Tetiana Kobielieva Nаdеzhdа Tkасhovа Maxim Tkachov Tetiana Diachenko |
| author_sort | Petro Pererva |
| collection | DOAJ |
| description | Significant transformations in economic relations and increased competition have posed enterprises with extremely complex tasks in the field of corporate governance. Mainly it concerns the systems of corporate governance, in which the principles of vertical organization are losing relevance, and the effectiveness of management largely depends on the balance of interests of participants (stakeholders) who can actively influence the production and commercial policy of the enterprise to distribute its resources in their favor.The study aims to develop proposals to ensure the effective interaction of the enterprise with stakeholders, based on establishing an optimal balance of material (value) interests, allowing achieving a reduction of risks that threaten the development of the enterprise.Thus, it was proposed to determine the total value of the commercial results of the enterprise, taking into account the real contribution, which is provided by the relations with one or another stakeholder. A similar approach is implemented to determine the share of the value of the corresponding stakeholder, which is ensured by its relationship with this enterprise. In addition to the value of the enterprise itself, the proposed models explicitly determine the value benefits of stakeholders and disclose a list of the main controlling factors: the volumes of resources supplied and consumed by the parties, their relative values, the structure of resource flows, etc.As an example, using the developed recommendations, the circle of the most influential stakeholders of the Ukrainian enterprise – PJSC KhTP – was studied. This approach allows an industrial enterprise to rank stakeholders by value, to analyze the dynamics of the structure and parameters of material and financial resources flows of the enterprise and its stakeholders. |
| first_indexed | 2024-12-17T21:12:35Z |
| format | Article |
| id | doaj.art-f9e10d088493480cafea0e03b418e91c |
| institution | Directory Open Access Journal |
| issn | 1727-7051 1810-5467 |
| language | English |
| last_indexed | 2024-12-17T21:12:35Z |
| publishDate | 2021-01-01 |
| publisher | LLC "CPC "Business Perspectives" |
| record_format | Article |
| series | Problems and Perspectives in Management |
| spelling | doaj.art-f9e10d088493480cafea0e03b418e91c2022-12-21T21:32:25ZengLLC "CPC "Business Perspectives"Problems and Perspectives in Management1727-70511810-54672021-01-01191243810.21511/ppm.19(1).2021.0314602Management of relations with enterprise stakeholders based on value approachPetro Pererva0https://orcid.org/0000-0002-6256-9329Tetiana Kobielieva1https://orcid.org/0000-0001-6618-0380Nаdеzhdа Tkасhovа2https://orcid.org/0000-0002-3840-4516Maxim Tkachov3https://orcid.org/0000-0001-7607-9462Tetiana Diachenko4https://orcid.org/0000-0002-6776-6778Doctor of Economics, Professor, Dean of the Economics Faculty of the National Technical University “Kharkiv Polytechnic Institute”, Ukraine; Doctor Habilitatus, Professor, Higher School of Occupational Safety ManagementDoctor of Economics, Associate Professor of the Management of Innovative Entrepreneurship and International Economic Relations, National Technical University “Kharkiv Polytechnic Institute”, KharkivPh.D. in Есоnоmiсs, Associate Professor of Economics and Marketing, National Technical University “Kharkiv Polytechnic Institute”, KharkivPh.D. in Есоnоmiсs, Associate Professor of Law, National Technical University “Kharkiv Polytechnic Institute”, KharkivPh.D. in Есоnоmiсs, Associate Professor of General Economic Theory, National Technical University “Kharkiv Polytechnic Institute”, KharkivSignificant transformations in economic relations and increased competition have posed enterprises with extremely complex tasks in the field of corporate governance. Mainly it concerns the systems of corporate governance, in which the principles of vertical organization are losing relevance, and the effectiveness of management largely depends on the balance of interests of participants (stakeholders) who can actively influence the production and commercial policy of the enterprise to distribute its resources in their favor.The study aims to develop proposals to ensure the effective interaction of the enterprise with stakeholders, based on establishing an optimal balance of material (value) interests, allowing achieving a reduction of risks that threaten the development of the enterprise.Thus, it was proposed to determine the total value of the commercial results of the enterprise, taking into account the real contribution, which is provided by the relations with one or another stakeholder. A similar approach is implemented to determine the share of the value of the corresponding stakeholder, which is ensured by its relationship with this enterprise. In addition to the value of the enterprise itself, the proposed models explicitly determine the value benefits of stakeholders and disclose a list of the main controlling factors: the volumes of resources supplied and consumed by the parties, their relative values, the structure of resource flows, etc.As an example, using the developed recommendations, the circle of the most influential stakeholders of the Ukrainian enterprise – PJSC KhTP – was studied. This approach allows an industrial enterprise to rank stakeholders by value, to analyze the dynamics of the structure and parameters of material and financial resources flows of the enterprise and its stakeholders.https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/14602/PPM_2021_01_Pererva.pdfindustrial enterprisesrankingrelationshipsstakeholdersUkrainevalue |
| spellingShingle | Petro Pererva Tetiana Kobielieva Nаdеzhdа Tkасhovа Maxim Tkachov Tetiana Diachenko Management of relations with enterprise stakeholders based on value approach Problems and Perspectives in Management industrial enterprises ranking relationships stakeholders Ukraine value |
| title | Management of relations with enterprise stakeholders based on value approach |
| title_full | Management of relations with enterprise stakeholders based on value approach |
| title_fullStr | Management of relations with enterprise stakeholders based on value approach |
| title_full_unstemmed | Management of relations with enterprise stakeholders based on value approach |
| title_short | Management of relations with enterprise stakeholders based on value approach |
| title_sort | management of relations with enterprise stakeholders based on value approach |
| topic | industrial enterprises ranking relationships stakeholders Ukraine value |
| url | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/14602/PPM_2021_01_Pererva.pdf |
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