Kutsenko Ye.
PhD student, Department of Enterprise Economics, Kyiv National Economic
University named after Vadym Hetman, Kiev, Ukraine
CURRENT APPROACHES TO VALUE-BASED ENTERPRISE
MANAGEMENT
Introduction. The versatility and polysemanticity of the category value is
determined by its interdisciplinary character, which is subject to scientific research in
various fields: philosophy, sociology, axiology, economics, psychology, and others.
The current stage of the functioning and development of business structures is
characterized by a transformation of the traditional logic of management in pursuit of
goals into the logic of management based on values, which determines the objective
need for the development of the concept of value-based enterprise management. The
active development of the concept of value-based enterprise management dates back
to the beginning of the 21st century, although its separate elements undoubtedly formed
much earlier. P. Prusan, the ideas of which were subsequently developed by S. Dolan
and S. Garcia, was the first to emphasize the meaningful transformation of traditional
managerial approaches. The results of scientific research determined the status of
values in the corporate governance system as the object and means of effective solution
to the problems of company’s development, and the main task of value-based
management - to ensure the review of business objectives, to establish the general
direction of enterprise’s development, regardless of a means to an end. In this case, a
wide range of relevant publications on the subject matter is characterized by
polysemanticity and the lack of an integrated approach to the formation of a set of
scientific and practical provisions:
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firstly, to date, the uncertainty of the terminology of the theory of values of the
enterprise remains a significant problem;
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secondly, the content-based contexts of value-based management vary
considerably depending on the areas of implementation and managerial focus:
marketing, human resource management, organizational behavior, strategic and
corporate governance.
The above-mentioned actualizes the objective need to specify the meaningful
content of the category "value of the enterprise" and to streamline the scientific
approaches to the value-based management of the enterprise in order to systematize the
theoretical basis as a prerequisite for their productive development, taking into account
global changes in the modern business environment.
Development of the category of "value of the enterprise" in the scientific
discourse. The rapid growth of scientific publications does not solve the problem of
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