The target criterion for effective company management: definition and application
Palamarchuk V.P.1
1 Российская академия народного хозяйства и государственной службы при Президенте Российской Федерации
Journal paper
Journal of Economics, Entrepreneurship and Law (РИНЦ, ВАК)
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Volume 15, Number 6 (June 2025)
Abstract:
The article examines the problem of determining and using criteria to achieve a business's final result in order to build an effective system for making strategic and operational management decisions. The approach to company management is justified by comparing the actual and expected levels of full profitability to determine the final result. This approach is implemented within the framework of the concepts of value-based management and expectations-based management. The latter is a system of communication between set performance criteria, an evaluation system, and results achieved.
Keywords: final result criterion, business value, business total profitability, economic profit, expectations-based management
JEL-classification: L26, M11, M21
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