Управління корпоративним капіталом із позиції концепції життєвого циклу

Abstract

Досліджено особливості управління корпоративним капіталом з урахуванням концепції життєвого циклу корпорацій. Визначено особливості структури корпоративного капіталу на кожному етапі життєвого циклу корпорації, виходячи із особливостей змісту етапу. Установлено, що ефективна система управління корпоративним капіталом на кожному етапі життєвого циклу розвитку підприємства дозволяє враховувати інтереси всіх зацікавлених сторін: власників, професійних менеджерів, інвесторів і працівників.

The authors studied the features of corporate capital management. Management of corporate capital must be based on a life-cycle businesses. Features of the structure of corporate capital determined for each stage of the life cycle of the corporation. This particular stage is determined by management features. Good governance corporate capital takes into account the interests of all stakeholders at every stage of the life cycle of enterprise development. The owners, professional managers, investors and employees are treated as stakeholders. The control system (managerial influence), organizational development underlying the separation of the individual stages in the life cycle models. The influence of the environment determines the duration of individual stages of the life cycle of the organization. The authors defined criteria for identifying the individual stages of the organization. Manager identifies the stages of the life cycle of the organization to determine the characteristics of the organization and management of its capital structure . The transition from each previous stage to the next is associated with serious organizational changes. Crises of accompanying the transition to the next phase of development. Model life cycle provides timely adjustment of management systems, organizational procedures formalizes and systems. Priorities strategic review of the organization at every stage of the life cycle of the organization. The authors combined the theory with the theory of the life cycle management of capital. It provides a methodology of corporate capital that will ensure the implementation of the transformation of the capital structure. This approach will ensure the achievement of strategic objectives management сorporation with regard to the stage of the life cycle, in which the corporation. The authors summarized the peculiarities of organization at different stages of the life cycle and determined the structure of corporate capital in each of them. The authors determined the risks that accompany characteristics of corporations at every stage of the life cycle. These risks are defined processes that characterize each of the stages and the type of crisis that characterized a particular stage. Management Features corporate capital can create preconditions for increasing efficiency of corporations.