Open AccessConceptual approaches to analysis and assessment of efficiency of joint stock company functioning
Author(s) -
Alla Chykurkova,
Taras Hutsol,
Олег Кучер,
Mariia Melnyk
Publication year - 2020
Publication title -
turystyka i rozwój regionalny
Language(s) - English
Resource type - Journals
eISSN - 2543-8859
pISSN - 2353-9178
DOI - 10.22630/tirr.2020.14.18
Subject(s) - shareholder , joint stock company , business , stock (firearms) , stakeholder , process (computing) , process management , accounting , work (physics) , marketing , computer science , corporate governance , finance , management , economics , engineering , mechanical engineering , operating system
Effectiveness of a joint-stock company is realized through the skills and ability totake into account the wishes and needs of stakeholders and the organization in full. This workis based on the alignment of performance criteria with the organization’s strategy and capabilities.Management plays a key role in this process. It is they who must understand what theshareholders, customers, employees, lenders, and regulators want from the company, andthat each category requires organizations to meet their own needs. At the same time, the performancemeasurement and management system should be flexible enough to be transparentand able to keep track of processes occurring within the organization and stakeholder engagement.The activity of a joint-stock company includes general elements and special elementsthat arise from the specifics of the company’s operation. The peculiarities of the activity ofthe company are due also to industry trends, which are partially derived from specific elementsof management. In this regard, when identifying problems of functioning of joint-stockcompanies of the dairy industry, it is necessary to take into account the specific nature of theiractivity.