Approaches to the Assessmnet of Corporate Management Effectiveness

Abstract

The present work describes the issues of evaluation of corporate management effictiveness in organizations. The research presents scientific and practical significance in solving the problem of instruments and methods selection for proper assessment of the corporate management effectiveness. Therefore, the necessity of its critical study and systematization is a topical task not only for the research community, but for practical workers – owners of companies and managers. The paper shows a review of the most spread methodical approaches to the assessment of corporate management effectiveness. These were analyzed in terms of managerial, economic, quantitative and qualitative methods. The advantages and disadvantages of every investigated group of methods are described, the decisive factors that could be used for choosing one approach or another to assessment of the corporative management effectiveness were determined. Along with this, it was revealed that in some cases the application of only one method is not enough due to the variety of tasks set by the companies. Following this point of view, the paper investigates the opportunities of combination of qualitative and quantitative methods of assessment of corporate management effectiveness by investigation and interpretation of the combined methods of assessment developed by other authors. The results of investigation allowed obtaining some private conclusions that provide recommendations on developing the models of assessment of corporate management effectiveness, particularly by the combined application of different methods and criteria of assessment. The practical relevance of the investigation results is in the opportunity of its application by companies while developing the Plans and Strategies of corporate development. The results of the conducted analysis of approaches to the assessment of the corporate management effectiveness will allow the managers to have systematized and scientifically justified information on investigation of factors and indicators influencing on the effectiveness of corporate management that will allow taking timely measures on risk management that can decrease the effective functioning of a company in whole.