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ERIC Number: EJ1114848
Record Type: Journal
Publication Date: 2016
Pages: 13
Abstractor: As Provided
ISSN: EISSN-1306-3065
Conceptual Features of Value Management of Socio-Economic Systems
Serebryakova, Galina V.; Musayelyan, Igor K.
International Journal of Environmental and Science Education, v11 n11 p4133-4145 2016
The article highlights the need to establish and apply organizational and economic mechanisms that contribute to strengthening moral and ethical components in management. Emphasis is put on the issue of interactions within a company which lays a foundation for value management of socioeconomic systems. It is shown that present-day business management is a system of managing the relations among various interested parties, i.e a system of managing the creation of value. It is substantiated that value management is the embodiment of values within a company on the basis of common and consensual corporate values that are shared by all the employees. It is revealed that interactions cannot be evaluated only on the basis of economic outcomes; social aspects of interaction are no less important. The results show that in the process of its functioning a company must create value for all its participants, and this is what helps it develop and enhance its stability. The practical value of the research is that it justifies the creation of a system of management which takes into account the main characteristics of interaction among its participants. Furthermore, the study examines the transition to a new ideology of corporate strategic management.
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Publication Type: Journal Articles; Reports - Research
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A