Book Chapter

Value-Oriented Enterprise Management From The Position Of Internal Stakeholders

Year:

2019

Published in:

Publishing House “Baltija Publishing”
Value-oriented management
stakeholders
value system
sustainable development
socioeconomic values

The article is devoted to the identification of key elements and formalization of the mechanism of implementation of value-oriented enterprise management at all levels of value creation and interaction with different categories of stakeholders, especially in terms of providing this definition for employees of the organization. The paper analyzes the scientific approaches to determining the nature and benefits of realizing value-oriented management of the company, as well as describes the existing value systems of the company to achieve its stated mission and vision. Scientific approaches to the effectiveness of implementing value-oriented management of business entities in a VUCA environment have been systematized. The authors propose to add a fourth element to the three-dimensional value model of companies, namely, socioeconomic values. This component encompasses the value components of the individual (employee) and relates, in the main, for creating the necessary opportunities for successful professional activity and an appropriate standard of living. The following is an algorithm for creating an effective corporate value system and a universal model for building an enterprise value tree that is based on four groups of values: material, social, mental and resultant. In order to facilitate the implementation of scientific developments, development or improvement, if available at the enterprise, of the Regulation on enterprise management has been proposed. The authors present the main components with the division of units that will contribute to provide value at enterprises. The basic functions of management are distinguished and their basic functional employees of the enterprise are formulated to provide valueoriented enterprise management. This conception of authors is aimed at formation of sustainable development of enterprises under the condition of providing value-oriented management of internal stakeholders and will encourage the organization to improve the indicators of effective management.

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