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BUSINESS INFORM №6-2015

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37

Section: Management and Marketing
UDC 005.336.1:005.742:005.72
Cherpak A. E., Shershnova Z. E.
Efficiency of Corporate Management in the Targeted Models of Corporate Capital Owners and Other Stakeholders (p. 215 - 222)

The article analyzes the essence of efficiency of corporate management, the necessity of its consideration from the view of the various groups of stakeholders has been substantiated, with this in mind, a definition has been proposed and methods for assessing external and internal corporate management efficiency have been summarized. Complexity of separation of the concepts of «organization performance efficiency» and «efficiency of management» in terms of an organization as well as delineation of organizational performance results and results of management impacts are considered. Based on the results of the analysis, the authors' own definition of «corporate management efficiency» and integrating criterion of economic efficiency of corporate management have been proposed. Special attention is paid to consideration of efficiency of corporate management from the view of the theory of «civil corporation», the authors complement the list of known approaches to determining the efficiency of organization's activities (target, system, internal-organizational, competitive) with the innovative and the socially-oriented approaches. The authors analyze in detail the possible composition of effects of corporation's activity, determine the dominant and associated effects for each group of stakeholders, build a profile of stakeholders' interest in the efficiency of corporation's activity as the basis for subsequent building of tuple of stakeholder preferences. The article also presents recommendations for improving the efficiency of corporate management through the generation and use of knowledge about tuple of preferences of key groups of the company's stakeholders.
Keywords: corporate management, corporate management efficiency, efficiency of system of corporate management, efficiency of corporation's activities, stakeholders, tuple of stakeholder preferences
Fig.: 1. Tabl.: 2. Formulae: 1. Bibl.: 11.

Cherpak Antonina E. – Candidate of Sciences (Economics), Associate Professor, Candidate on Doctor Degree, Department of Management, Kyiv National Economic University named after V. Hetman (54/1 Peremohy Ave., Kyiv, 03057, Ukraine)
Email: [email protected]
Shershnova Zoia E. – Candidate of Sciences (Economics), Professor, Deputy Head of the Department, Department of Management, Kyiv National Economic University named after V. Hetman (54/1 Peremohy Ave., Kyiv, 03057, Ukraine)
Email: [email protected]

Article is written in Ukrainan
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Reference to this article:
Cherpak, Antonina E., and Shershnova, Zoia E. (2015) “Efficiency of Corporate Management in the Targeted Models of Corporate Capital Owners and Other Stakeholders.” Business Inform 6:215–222.


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