system:
Specificity in setting strategic goals. Innovations applied in production, marketing and other processes should serve the overall goal of maintaining market positions and winning the competitive battle. It is necessary to constantly monitor that changes bring financial benefits and justify the invested funds.
Development of the internal the usage of facebook database structure of the company. As experience shows, a positive result can be achieved by replacing the functional-structural model with a process-role or matrix model. If the possibilities allow this, the result will be a reduction in hierarchical levels and the formation of a horizontal type of management. The distance between the management and subordinates will decrease, which will have a positive effect on the flexibility and speed of the system.
How to improve the quality of corporate governance
Reducing management costs. If they exceed profits, it is necessary to consider the possibility of a complete reorganization of the management system or strengthening its weak points.
Improving laws and creating institutions. This nuance applies primarily to government. To develop the Russian economy and realize the full potential of corporate governance systems, institutions are needed that will use the experience of advanced countries, taking into account the specifics of our culture, determining the trends of domestic business. The development and use of new technologies are also important.
A high corporate level of management allows the enterprise to improve the efficiency of management processes and the implementation of strategic tasks. To prove such a relationship, various control models can be considered.
As an example, let's take the method called "Balanced Scorecard" created by Robert Kaplan and David Norton. Its essence lies in the combination of non- and economic criteria of the company's activity.
Four groups of data are identified, they are studied, and then a management decision is made. As a rule, finances, consumers, business processes and personnel are analyzed. Then, cause-and-effect relationships are found between them. For each group, efficiency criteria are determined, what was planned and the results obtained are compared.
“Balanced Scorecard” technique
Thanks to such actions, the management receives data that allows them to draw correct conclusions about the effectiveness of achieving strategic goals in the segments under consideration. As we can see, the Balanced Scorecard makes it possible not only to control corporate management processes in the company, but also to competently draw up its strategic plans.
The described model became popular at the beginning of the new millennium. A study conducted in 2001 showed that it was successfully used by 57% of commercial organizations in 20 countries. And a year later it turned out that Balanced Scorecard had begun to be used by more than half of the list of 500 most successful world brands, including Siemens and Motorola.
To assess the quality of corporate management, international organizations compile special ratings. In order for Russian companies to be able to enter the global business community and participate in the work of the international market, they need to occupy high positions in them. Such a result will be a direct indicator of the quality of business management and corporate governance.