Selection and identification of a by-product coke plant (BPCP) management tool
AbstractThe degree of achievement of its goal by a company depends on many factors, including on its management tool. Economic science offers a big selection of such tools, but, as the analysis has shown, not all of them could be applied at a BPCP. The goal of the article is to identify a BPCP management tool, which would take into account its technological and organisational specific features. Due to specific industry (complexity of a production complex and continuous nature of production) and organisational factors (ascription of BPCP to vertically integrated structures (holding) of a mixed type and technocratic type of management), the tools, the object of management of which are relations with clients and strategic changes at a BPCP, cannot be used. In order to achieve BPCP goals - minimisation of costs and maximisation of money funds - it is necessary to use tools, the object of which is operation activity of a company, taking into account conditions of their use. Such tools could include: controlling, management by goals, key indicators of effectiveness and budgeting. Under conditions when a holding company has a limited nature of influence upon formation of its income and cash flows, but at the same time has a possibility of independent operative management of financial activity, only efficient management of costs and finances can guarantee survival of the company. Budgeting meets these requirements. It could be used in a combination with controlling, which is an information provision of managerial decision making and management by goals, and key indicators of effectiveness, which are rules (recommendations) of identification of the system of indicators of activity of subdivisions.
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Bibliographic InfoArticle provided by RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE), Kharkiv National University of Economics in its journal Business Inform.
Volume (Year): (2013)
Issue (Month): 7 ()
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Web page: http://www.business-inform.net
management tool; by-product coke plant; budgeting;
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