Strategic Evaluation of the Enterprise Relationship with the Economic Impact Groups

Halyna O. Partyn, Anatoliy G. Zagorodniy

Abstract


The article outlines the problem of the strategic evaluation of the enterprise relationships with the economic impact groups (stakeholders). This evaluation is a part of the strategic controlling and lies in quantifiable (absolute or relative) determining of the enterprise interests concerning the economic impact groups, its contribution to their activities and vice versa – interests and contributions of economic impact groups to the enterprise activity in order to balance their interests.
Purpose – The article aims to justify the main objectives, indicators and methods of strategic evaluation of enterprise relationships with the economic impact groups.
Design/Methodology/Approach – In the article, which is the result of a case study, the methodological basis of the study is fundamental provisions on enterprise development strategy in the context of its cooperation with economic impact groups and methods of strategic evaluation of this cooperation.
Findings – Methods of strategic evaluation of enterprise cooperation with the main economic impact groups have been developed.
Originality/Value – Scientific substantiation of possible ways of strategic evaluation of enterprise cooperation with internal and external economic impact groups feasibility and effectiveness.
Article type – Original paper.

Keywords


economic impact groups (stakeholders), strategic controlling, strategic evaluation, evaluation indicators of the relationships results, methods of the relationships strategic evaluation

Full Text:

PDF

References


Atkinson, A. A., Waterhouse, J. H. and Wells, R. B. (1997). A Stakeholder Approach to Strategic Performance Measurement, Sloan Management Review, Vol. 38, No. 3, рр. 25–37.

Ayso, S. and Argandona, A. (2007). Responsible Corporate Governance Towards a Stakeholder Board of Directors?, University of Navarra, Navarra.

Berman, S. L., Wicks, A. C., Kotha, S. and Jones, T. M. (1999). Does Stakeholder Orientation Matter? The Relationship between Stakeholder Management Models and Firm Financial Performance, The Academy of Management Journal, Vol. 42, No. 5, рр. 488–506.

Cherep, A. V. and Severyna S. V. (2012). Consideration of the Stakeholders Interests at the Efficiency Management of the Enterprise Activity, International Economic Policy, Vol. 2, pp. 596–602.

Cornell, B. and Shapiro, A. C. (1987). Corporate Stakeholders and Corporate Finance, Financial Management, Spring, рр. 5–14.

Dayle, A. (2003). The Practice of Controlling, Finances and Statistics, Moscow.

Donaldson, T. and Preston, L. E. (1995). The Stakeholder Theory of the Corporation׃ Concepts, Evidence, and Implications, The Academy of Management Review, Vol. 20, No. 1, рр. 65–91.

Forman, E. and Peniwati, K. (1998). Aggregating Individual Judgments and Priorities with the Analytic Hierarchy Process, European Journal of Operational Research, Vol. 108, No. 1, рр. 165–169.

Freeman, R. E. (1984). Strategic Management: A Stakeholder Approach, Pitman, Boston.

Hill, C. W. L. and Jones, T. M. (1992). Stakeholder-Agency Theory, Journal of Management Studies, Vol. 29, No. 2, рр. 131–154.

Horvath, P. (2006). Controlling, Vahlen, München.

Kaplan, R. S. and Norton, D. P. (1992). The Balanced Scorecard – Measures That Drive Performance, Harvard Business Review, January–February, рр. 71–79.

Keay, A. (2010). Stakeholder Theory in Corporate Law, Has It Got What It Takes?, University of Leeds, Leeds.

Khan, D. (1997). Planning and Control: The Concept of Controlling, Finances and Statistics, Moscow.

Mann, R. and Mayer, Ye. (1992). Controlling for the Beginners, Finances and Statistics, Moscow.

Mayer, Ye. (1993). Controlling as the System of Thinking and Management, Finances and Statistics, Moscow.

Mitchell, R. K., Agle, B. R. and Wood, D. J. (1997). Toward a Theory of Stakeholder Indentification and Salience: Defining the Principle of Who and What Really Counts, The Academy of Management Review, Vol. 22, No. 4, рр. 853–884.

Nickols, F. (2011). The Stakeholder Scorecard׃ «Keeping Score» Regarding Accountability, Distance Consulting LLC.

Nowak, E. (Ed.), (2004). Controlling of the Enterprise Activity, PWE, Warsaw.

Oleksiv, I. B. (2013). Groups of Economic Influence in the System of Enterprise Management: Conception and Tools of Their Selection as Well as Alignment of Interests, Publishing House of Lviv Polytechnic, Lviv.

Petrov, M. A. (2004). The Theory of Stakeholders: Ways of Practical Implementation, Newsletter of Saint Petersburg State University, Series 8, Vol. 2, No. 16, pp. 51–69.

Pushkar, M. S. and Pushkar, R. M. (2004). Controlling Information System of the Strategic Management, Carte-blanche, Ternopil.

Redchenko, K. I. (2008). Influence of the Theory of Stakeholders on the Managerial Accounting, Economics of Industry, No. 4, pp. 59–64.

Rych, M. I. (2013). Peculiarities of Use of the Stakeholders Analysis Methods in Social and Commercial Projects, Management of the Complicated Systems Development, No. 15, pp. 65–70.

Shepitko, H. F. (2004). Controlling, Publishing House of the European University, Kyiv.

Sukharev, L. A. and Petrenko, S. N. (2002). Controlling – the Basis of Business Management, Nika-Center, Elga, Kyiv.

Tereshchenko, O. O. and Babiak N. D. (2013). Financial Controlling, Kyiv National Economic University, Kyiv.

Turnbull, S. (1997). Stakeholder Cooperation, Journal of Cooperative Studies, Society for Cooperative Studies, No. 88, рр. 18–52.




DOI: http://dx.doi.org/10.17951/ijsr.2016.5.0.59
Data publikacji: 2017-05-23 10:49:40
Data złożenia artykułu: 2017-05-23 10:24:40

Refbacks

  • There are currently no refbacks.


Copyright (c) 2017 Halyna O. Partyn, Anatoliy G. Zagorodniy

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.