INCREASING VALUE-BASED COMPANY POTENTIAL: THE GROUNDS OF A FULL-SCALE ASSESSMENT
##plugins.themes.bootstrap3.article.main##
##plugins.themes.bootstrap3.article.sidebar##
Abstract
The present study is a comprehensive evaluation of a business enterprise, with the objective of assisting its management in identifying and addressing the consequences of organisational difficulties, including the formation and distribution of the economic fund created as a result of the prevention of incurred losses. The subject of this assessment is the decision-making methodology, which serves as the basis for drawing conclusions about the states of the process and includes elements for training personnel involved in the implementation of the new version of the system. The objective of methodological foundations is to facilitate the timely identification of potential vulnerabilities that could lead to future losses in sustainability. From an organisational perspective, the conditions that facilitate the implementation of unproductive proposals are being circumvented. The object under discussion is a standardised, unique management tool developed for the purpose of assessing the operational states of an organisation. The objective of this study is to develop a procedure for identifying effective methods to enhance organisational performance, while preventing unauthorised disruption to the control system. The full-scale assessment is performed through three conceptual transitions. The first of these transitions is from the initial application points to the subsequent anomaly capability principles. Finally, the standard clauses are reached. The standard provides a detailed, step-by-step account of the organisation's status. A significant element of the investigation is the provision of decision-making based on objective ratios. In order to form objective conclusions regarding the state of the organisation, recommendations are made to recover the loss of value, taking into account the localisation of the places that lead to inefficiencies. The novelty of the study lies in the development of a comprehensive document containing instructions for experts on implementing measures aimed at improving performance by eliminating the shortcomings of the original version of the real control system. The existence of the standard allows for a well-founded conclusion to be drawn regarding the organisation's performance through a combination of cost indicators designed to meet conditionally specified standards and dimensionless indicators of process capability that belong to the category of objectively defined standards. This combination permits the unlocking of the organisation's growth potential in a novel environment through the synchronisation of performance standards and efficiency metrics. Consequently, the organisation is safeguarded from implementing ineffectual changes that could result in a reduction in efficiency.
How to Cite
##plugins.themes.bootstrap3.article.details##
emergence, capability, performance, synergy, effectiveness, maintenance, capacity
Adjoul, O., Khaled Benfriha, K., Aoussat, A. (2020). Design for maintenance: new algorithmic approach. Journal of Quality in Maintenance Engineering, Vol. 27 (1), pp. 129–143.
Aizzi, B., Alparne L., Baronti, S., Carlà, R., Garzelli, A., Santurr, L (2014). Full scale assessment of pansharpening and data products. Proc. SPIE 9244, Image and Signal Processing for Remote Sensing XX, 924402.
Alatefi, M., Al-Ahmari, A.M., AlFaify, A.Y. (2023). New Approach for Process Capability Analysis Using Multivariate Quality Characteristics. Applied Sciences, Vol. 13 (21).
Amit, R., & Zott, C. (2020). Business model innovation strategy: Transformational concepts and tools for entrepreneurial leaders. Hoboken, New Jersey: John Wiley & Sons.
Andriessen, D., & Tissen, R. (2000). Weightless Wealth: Find Your Real Value in a Future of Intangible Assets. London: Financial Times Prentice Hall.
Andriessen, D. (2004). Making Sense of Intellectual Capital Designing a Method for the Valuation of Intangibles. Elsevier, Inc.
Andreini, D., Bettinelli, C., Foss, N. J., & Mismetti, M. (2021). Business model innovation: A review of the process-based literature. Journal of Management and Governance, Vol. 25, pp. 1–33.
Arcidiacono, G. & Nuzzi,A. (2017). Review of the Fundamentals on Process Capability, Process Performance, and Process Sigma, and an Introduction to Process Sigma Split. International Journal of Applied Engineering Research, Vol. 12 (14), pp. 4556–4570.
Aulet, B. (2017). Disciplined Entrepreneurship Workbook. Wiley.
Awan, S.H., Habib, N., Akhtar, C.S., Naveed, S. (2020). Effectiveness of Performance Management System for Employee Performance Through Engagement. SAGE Open, Vol. 10 (4).
Baldassarre, B., Calabretta, G., Bocken, N. M. P., & Jaskiewicz, T. (2017). Bridging sustainable business model innovation and user-driven innovation: A process for sustainable value proposition design. Journal of Cleaner Production, Vol. 147, pp. 175–186.
Barnes, E. (2012). Emergence and fundamentality. Mind, Vol. 121(484), pp. 873–901.
Bertoni, F., D’Adda, D., & Grilli, L. (2016). Cherry-picking or frog-kissing? A theoretical analysis of how investors select entrepreneurial ventures in thin venture capital markets. Small Business Economics, Vol. 46(3), pp. 391–405.
Bierman, H. & Schmid, S. (2006). The capital budgeting decision: Economic analysis of investment projects. London: Routledge.
Bontis, N. (2002). Managing organizational knowledge by diagnosing Intellectual Capital: framing and advancing the state of the field. World Congress on intellectual capital readings. Boston: Butterworth Heinemann, p. 621–642.
Brigham, E.F., Ehrhardt, M.C. (2013). Financial Management: Theory and Practice. Mason, South-Western/Cengage.
Campbell, A., & Luchs, K.S. (1998). Strategic Synergy. London: International Thomson Business Press.
Carrington, D.J., Ian, A. Combe, I.A., Mumford, M.D. (2019). Cognitive shifts within leader and follower teams: Where consensus develops in mental models during an organizational crisis. The Leadership Quarterly, 30.
Chen, H., Chen, C., Liu, C., & Wei, N. (2013). Estimating a project's profitability: A longitudinal approach. International Journal of Project Management, Vol. 31(3), pp. 400–410.
Christensen, R. (2006). Roadmap to Strategic HR: Turning a Great Idea into a Business Reality. New York: Amacom.
Collins, J.C. (2009). How the Mighty Fall: And Why Some Companies Never Give In, New York, Harper Collins.
Copeland, T., Dolgoff. A. (2005). Outperform with Expectations-Based Management: A State-of-the-Art Approach to Creating and Enhancing Shareholder Value. New York: Wiley.
Copeland, T., Koller, T, Murrin, J. (1995). Valuation: The Value of Companies: Measuring and Managing. The Value Companies. New York: Willey & Sons.
Cristofaro, M. (2022). Organizational sensemaking: A systematic review and a co-evolutionary model. European Management Journal, Vol. 3, pp. 393–405.
Cummings, T.G. and Worley, C.G. (2019). Organization Development and Change. Cengage Learning.
Damodaran, A. (2018). The Dark side of valuation. Valuing young, distressed, and complex businesses. Pearson FT Press.
David, F.R. (2015). Strategic Management Concepts and Cases A Competitive Advantage Approach. Pearson Education.
Dawson, J. F. (2014). Moderation in management research: What, why, when, and how. Journal of Business and Psychology, Vol. 29(1), pp. 1–19.
de Weck, O. L., Roos, D., & Magee, C. L. (2011). Engineering Systems: Meeting Human Needs in a Complex Technological World, MIT Press.
de Weck, O.L. (2022). Technology Roadmapping and Development A Quantitative Approach to the Management of Technology. Springer Nature Switzerland AG.
Deming, W. E. (2018).The New Economics for Industry, Government, Education. The MIT Press.
Dess, G., Ireland, R., Zahra, S., Floyd, S., Janney, J., & Lane, P. (2003). Emerging Issues in Corporate Entrepreneurship. Journal of Management, Vol. 29(3), p. 351–378. doi: 10.1016/s0149-2063_03_00015-1
Diaz, A., Baumgartner, R.J. (2024). A managerial approach to product planning for a circular economy: Strategy implementation and evaluation support. Cleaner Production. Vol. 442 (25).
Divya, D., Marath, B., Santosh Kumar, M.B. (2022). Review of Fault Detection Techniques for Predictive Maintenance. Journal Quality Maintenance Engineering, Vol. 29 (2), pp. 420–441.
Djakons, R., Karayev, V. & Kopitovs R. (2021). Increasing (Development) Process’s Capability: Improving Systems’s Immunity. Education & Economic, Vol. 6 (1), p. 43–50. DOI: https://doi.org/10.30525/2500-946X/2021-1-7
Djakons, R., Kopitov R. (2022). Beyond Contribution Value Algorithms /The 20th International Scientific Conference Information Technologies and Management, 2022, April 21-22, ISMA University, Riga, Latvia.
Doyle, P, (2000). Value-Based Marketing: Marketing Strategies for Corporate Growth and Shareholder Value. John Willey & Sons.
Dinh, D-H., Do, P., Iung, B., Nguyen, P-N. (2024). Reliability modeling and opportunistic maintenance optimization for a multicomponent system with structural dependence. Journal Reliability Engineering & System Safety, Vol. 241.
Ebert, C., & Hurth, V. (2022). Principles of purposeful business: illustrative examples. Journal of the British Academy, Vol. 10(s5), pp. 163–207.
El-Haddadeh, R., Osmani, M., Hindi, N., Fadlalla, A., (2021). Value creation for realising the sustainable development goals: Fostering organisational adoption of big data analytics. Journal Business Resources, Vol. 131, pp. 402–410.
Emstsen, J. & Nazr, S. (2020). Performance assessment in full-scale simulators – A case of maritime pilotage operations. Safety Science, 129.
Fahey, L., & Narayanan, V.K. (1986). Macroenvironmental Analysis for Strategic Management, St Paul: West Publishing.
Fares, A., Elazouni, A., Al-Alawi, M. (2024). Finance-based Scheduling for Cash-flow Management of Maintenance Portfolios: Multi-objective Optimization Approach. Decision Making: Applications in Management and Engineering, Vol. 7, (2), pp. 355–379.
Fonseka, M.M., Ramos, C.G., Tian, G-L. (2012).The most appropriate sustainable growth rate model for managers and researchers. Journal Applied Business Resources, Vol. 28, pp. 481–500.
Franco, J.M., Correia, F., Barbosa, R., Zenha-Rela, M., Schmerl, B.,Garlan, D. (2016). Improving self-adaptation planning through software architecture-based stochastic modeling. Journal of System and Software, Vol. 115, pp. 42–60.
Fu, Y., Mechitov, K, Hoang ,T, Kim, JR, Lee, DH, Spencer, J. (2019). Development and full-scale validation of high-fidelity data acquisition on a next-generation wireless smart sensor platform. Advances in Structural Engineering, Vol. 22 (16), pp. 3512–3533.
Hall, L. (1992). Srtategic Analysis of Intangible Resources Strategic Management Journal, 13.
Hamel, G. (2000). Leading the Revolution. Boston: Harvard Business School Press.
Holtström, J. & Anderson, H. (2021). Exploring and extending the synergy concept – a study of three acquisitions. Journal of business & industrial marketing, Vol. 36 (13).
Hubbard, D.W. (2010) How to Measure Anything: Finding the Value of Intangibles in Business. Hoboken: John Wiley.
Hung, Y.-D. & Tsai, M.-H. (2017). Value Creation and Value Transfer of Leveraged Buyouts: A Review of Recent Developments and Challenges for Emerging Markets. Emerging Markets Finance & Trade, Vol. 53(4), pp. 877–917.
Gangi, F., Daniele, L.M., & Varrone, N. (2020). How do corporate environmental policy and corporate reputation affect risk-adjusted financial performance? Business Strategy and the Environment, Vol. 29, pp. 1975–1991. DOI: https://doi.org/10.1002/bse.2482.
Genovese, A.,. Acquay, .A., Koh, L. (2017). Sustainable supply chain management and the transition towards a circular economy: Evidence and some applications. Omega, 66.
Giaquinto, L. H., & Bortoluzzo, A. B. (2020). Angel investors, seed-stage investors and founders influence on FinTech funding: An emerging market context. Macroeconomics and Finance in Emerging Market Economies, Vol. 13, p. 276–294. DOI: https://doi.org/10.1080/17520843.2020.1737169.
Gilliam, D.A. and Rockwell, C.C. (2018). Stories and metaphors in retail selling. International Journal of Retail and Distribution Management, Vol. 46 No. 6, p. 545–559.
Glaser, E. (2001). The formation of Social Capital, Canadian. Journal of Policy Research, Vol. 2, № 1.
Greiner, L. E. (1998). Evolution and revolution as organizations grow, with an updated commentary: Revolution is still inevitable. Harvard Business Review, Vol. 76, pp. 55–67.
Grozdić, V., Demko-Rihter, J., (2023). Economic Evaluation of Investment Projects: Determining the Key Factors for Final Investment Decision. Lex Local, Vol.21 (1).
Guthi, R.S,, Tondera, K., Gillot, S., Buffière, P., Boillot, M., Chazarenc, F. (2022). A-Stage process – challenges and drawbacks from lab to 2 full scale studies: a review. Water Research, 226.
Ismail, S., Malone M.S., van Geest, Y. (2014). Exponential Organizations: Why new organizations are ten times better, faster, and cheaper than yours (and what to do about it). Diversion Books.
Jones, E.B. (1991). Understanding Business Finance: A Guide for Managers. Pearson Professional Education.
Jones, E.B. (1994). Financial Times Guide To Business Finance. Pearson Professional Education.
Jones, E. (2018). Everyday Leaders: The Wisdom of Everyday Leaders Doing Extraordinary Things. Kindle Edition.
Kaplan, R., and Norton, D. (2001). The strategy focused organization.Boston: Harvard Business School Press.
Karayev, V. (2021). Remedy for an Unstable Process. / The 19th International Scientific Conference Information Technologies and Management, 2021, April 22–23, ISMA University.
Kelly, N. (2013). How to Measure Social Media: A Step-by-Step Guide to Developing and Assessing Social Media ROI. Boston: Pearson Education.
Klemmer, J. (2024). Strategic Synergy: Mastering the Art of Leadership in the Modern Business World. Hardcover.
Kopitov, R. (2013). Enhancing business sustainability: Improving business policy’s methodology by managerial principles’ development, Procedia-Social and Behavioral Sciences, 2013, Volume 99, 6 November 2013, pp. 133–142.
Kossiakoff, A., Swee, N., Seymor, S., Bier S. (2011). Systems Engineering Principles and Practice. John Willey & Sons, Inc.
Kwilinski, A., & Kardas, M. (2024). Enhancing Process Stability and Quality Management: A Comprehensive Analysis of Process Capability Indices. Virtual Economics, Vol. 6(4), pp. 73–92.
Lai, L. (1997). Synergistic Approach To Information Systems Project Management, International Journal of Project Management, 15 (3), pp. 173–179.
Lalouxt, F. (2016). Reinventing Organizations: An Illustrated Invitation to Join the Conversation on Next-Stage Organizations. Nelson Parker.
Langley, P. & Reple. A., (2023). How managers' perceptions about dynamic complexity change: sensemaking catalyzed by shock and surprise. Management Decision, 10.
Lee, A.C., Lee, J.C. & Lee, C.F. (2009). Financial Analysis, Planning and Forecasting: Theory and Application. Singapore: World Scientific Publishing Company.
Lee, C.F. & Finnerty, J.E. (2000). Corporate Finance: Theory, method, and Applications. Harcount Brance Jovanovich, Publishers.
Lev, B. (2001). Intangibles: management, measurement and reporting.Washington, DC: The Brookings Institution.
Lewis, R. (2023). Understanding Decentralized Finance: How DeFi Is Changing the Future of Money. Paperback.
Levitt, J. (2009). The Handbook of Maintenance Management. United States: Industrial Press, Incorporated.
Li, C., Li, L., Geng, Y., Jiang, H., Cheng, M., Ke, Z., Xu, X. and Chu, X. (2023).YOLOv6 v3.0: A Full-Scale Reloading. Cornell University, Computer Science, Computer Vision and Pattern Recognition, 14.
Luca, M., Kleinberg, M., Mullainathan, S. (2017). Algorithms Need Managers, Too. Harvard Business Review 94, nos. 1/2 (January–February 2016), pp. 96–101.
Lyn, M, Swol V. and Kane A.A. (2019). Language and Group Processes: An Integrative, Interdisciplinary Review. Small Group Research, Vol. 50, pp. 3–38.
Mahama, H. (2006). Management control systems, cooperation and performance in strategic supply relationships: A survey in the mines. Management Accounting Resource, Vol. 17 (3).
Martin, J., Axelsson, J., Carlson, J. Suryavedara, J. (2022). The Capability Concept in the Context of Systems of Systems: A Systematic Literature Review. IEEE International Symposium on Systems Engineering (ISSE), Vienna, Austria, pp. 1-8.
Matolcsy, Z.& Wyatt, A. (2006). Capitalised intangibles and financial analysts. Accounting Finances, Vol. 46, pp. 457–479.
Meng, F. & Yang, J. (2023). Process capability analysis of Taguchi index Cpm based on generalized p‐value. Quality and Reliability Engineering International, Vol. 39(6), pp. 2311–2329.
Mintzberg, H., (2009). Managing. San Francisco: Berrett-Koehler.
Mosca, L., Gianecchini, M. & Campagnolo, D. (2021). Organizational life cycle models: a design perspective. Journal Organizational Design, Vol. 10, pp. 3–18.
Möller, K.E., and Törrönen, P. (2003). Business suppliers’value creation potential: a capability-based analysis. Industrial Marketing Management, Vol. 32 (2), pp. 109–118.
N€arv€anen, E., Koivisto, P. and Kuusela, H. (2019), Managing consumption communities, Journal of Strategic Marketing, Vol. 27 No. 5, pp. 388–404.
Nayani, N. (2022). The Venture Capital Playbook: Step by Step Venture Capital Fundraising, Term Sheets, Valuation & Crowdfunding Guide For Startup Founders, Entrepreneurs, Angels, Venture Capitalists & Fund Managers. Paperback.
Neave, H.R. (1990). The Deming Dimension. Paperback.
Ocak, M., & Fındık, D. (2019).The Impact of Intangible Assets and Sub-Components of Intangible Assets on Sustainable Growth and Firm Value: Evidence from Turkish Listed Firms. Sustainability, 11.
Osterwalder, A., Smith, A., Pigneur, Y., Bernarda, G. (2014). Value Proposition Design: How to Create Products and Services Customers Want.Wiley.
Ouambo, T., Alan, S., Boum, A.T., Imano, A.M. and Corriou, J-P. (2021). Enhancement of the Moving Horizon Estimation Performance Based on an Adaptive Estimation Algorithm. Journal of Control Science and Engineering, 2021, dec.
Peshawaria, R. (2024). Sustainable Sustainability: Why ESG is Not Enough. Penguin Business.
Perakis, M., & Xekalaki, E. (2012). On the Implementation of the Principal Component Analysis–Based Approach in Measuring Process Capability. Quality Reliability Engineering. Int. 2012, 28, pp. 467–480.
Pflaeging, N. (2014). Organize for Complexity: How to Get Life Back Into Work to Build the High-Performance Organization. Betacodex Publishing. Paperback.
Primadasa, R., Tauhida, D., Christata, B.R. , Rozaq, I.A. , Alfarisi, S. , Masudin, I. (2024). An investigation of the interrelationship among circular supply chain management indicators in small and medium enterprises. Supply Chain Analytics, 7.
Qureshi, M.A., Ahsan, T., Gull A.A., Umar. Z. (2024). The impact of economic policy uncertainty on sustainability (ESG) performance: the role of the firm life cycle. International Journal of Managerial Finance, Vol. 20 (4), pp. 872–891.
Ramírez-García, C. Ramon-Jeronimo, M.A., García-Alvarez de Perea, J., Velez-Elorza, M.L. (2024). Risk sources and the effectiveness of the control system in the franchisor's risk perception management. Industrial Marketing Management, Vol. 117, pp. 202–219.
Ran, Y., Zhou, X.; Lin, P.; Wen, Y.; Deng, R. A. (2019). Survey of Predictive Maintenance: Systems, Purposes and Approaches. IEEE Communications Surveys & Tutorials. 2019, XX, pp. 1–36.
Reichheld, F. Teal, T. (1996). The loyalty effect. The Hidden Force Behind Growth, Profits and Leasing Value Harvard Business School Press. Bain and Company, Inc.
Reichheld, F. (2006). The Ultimate Question: Driving Good Profits and True Growth Harvard Business School Press.
Robinson, D., Cabrera, C., Gordon, 1.D., Lawrence, N.D., Mennen. L. (2024). Requirements are All You Need: The Final Frontier for End-User Software Engineering. Cornell University, Computer Science, Software Engineering.
Rosset, S. (2024). Fundamentals of M&A, Private Equity & Valuation: Key concepts, 100+ Exercises & Technical Interview Questions. Paperback.
Seropian, M.A. (2003). General Concepts in Full Scale Simulation: Getting Started. Anesthesia & Analgesia, Vol. 97(6), 1695–1705.
Singh, NK., Kazmi, A., Starkl, M. (2015). A review on full-scale decentralized wastewater treatment systems: techno-economical approach . Water Science and Technology.
Taguchi, G. (1993). Taguchi Methods: Design of Experiments. ASI Press.
Tench, R. Jones, B., Sun, W. (2018). The Critical State of Corporate Social Responsibility in Europe (Critical Studies on Corporate Responsibility, Governance and Sustainability, 12). Emerald Publishing.
Thusi, X. (2023). Performance Management Systems (PMS): Challenges and Opportunities in the Public Sector. International Journal of Social Science Research and Review, Vol. 6 (6).
Teerikangas, S., Véry, P. and Pisano, V. (2011). Integration managers’ value-capturing roles and acquisition performance. Human Resource Management, Vol. 50, No. 5, pp. 651–683.
Trompenaars, F., Coebergh, P.H. (2015). 100+ Management Models. How to understand and apply the world’s most powerful business tool. Oxford: Infinite Ideas Limited.
Turtle, H.J., Wang K. (2017). The value in fundamental accounting information. Journal of Financial Research, Vol. 40 (1), pp. 113–140.
van Tulder, R., van Mil, E. (2023). Principles of Sustainable Business. Frameworks for Corporate Action on the SDGs. Routledge.
Wang, A., & Dyball, M. C. (2019). Management controls and their links with fairness and performance in inter-organisational relationships. Accounting and Finance, Vol. 59(3), pp. 1841–1874.
Weick, K.E.(2010). Reflections on enacted sensemaking in the Bhopal disaster. Journal of Management Studies, Vol. 47.
Weiss, J.W. (2014). Business Ethics, A Stakeholder and Issues Management Approach. Oakland, CA: Berrett-Koehler Publishers.
Wessndorf, Ch. (2021). Indicating Value in Early-Stage Technology Venture Valuation: A Design Science Approach. Wiesbaden: Springer Gabler.
Wijngaarde, Y. (2021). Global venture capital is crushing all records in 2021. / From the report 2021: Startup cities in the entrepreneurial age. Available at: https://dealroom.co/blog/global-venture-capital-is-crushing-records-in-h1-2021
Woodside, A. (2001). Sense making in marketing organizations and consumer psychology: theory and practice. Psychology and Marketing, Vol. 18 No. 5, pp. 415–421.
Zeb, S., & Rashid, A. (2016). Impact of Financial Health and Capital Structure on Firm's Value, with Moderating Role of Intangible Assets. Global Management Journal for Academic & Corporate Studies, 6(1), pp. 37–45.
Zhang, Y.; Liu, S.; Tan, J.; Jiang, G.; Zhu, Q. (2018). Effects of risks on the performance of Business Process Outsourcing Projects: The moderating roles of Knowledge Management Capabilities. Journal Project Management. 2018, 36, pp. 627–639.
![Creative Commons License](http://i.creativecommons.org/l/by/4.0/88x31.png)
This work is licensed under a Creative Commons Attribution 4.0 International License.