Научно-технические ведомости СПбГПУ: Экономические науки (Dec 2019)
DEVELOPMENT OF AN APPROACH AND TOOLS TO IMPROVE EFFICIENCY OF THE ENTERPRISE BUSINESS SYSTEM
Abstract
In recent years, various methods and practices for improving the efficiency of a business system have enabled organizations to achieve significant operational results. However, their real impact on current enterprise competitiveness indicators, such as TSR and EBITDA, is still unclear. The lack of a quantitative assessment of the effect of the use of specific tools (methods and practices) to increase the efficiency of the Business system does not allow to formalize the process of choosing their combination, which ensures maximum effect for a particular organization, project and goal. In these conditions, the development of an approach to assessing the effect of the use of various tools to improve the efficiency of the Business System seems to be an urgent scientific task. To solve this problem, the authors proposed an approach that is based on levers of influence on the TSR (Total Shareholder Return), which is constantly in the investors' attention and is an indicator of the organization’s effectiveness in terms of competitiveness and factors of the business system development level. A distinctive feature of the proposed methodology is the approach to the grouping of evaluated instruments, depending on the logic of their practical application. To collect the initial data for the analysis, the expert assessment method was used on the basis of a specially developed questionnaire, which was filled out according to the results of the project. This questionnaire includes such information as a list of tools used, the level of development of the Business system and the effect obtained. As a result, for the regression analysis, we used data from 170 questionnaires obtained from the results of projects implemented in various companies of a multi-industry holding. The analysis made it possible to obtain the coefficients of the influence of various tools to improve the efficiency of the Business System on such indicators as quality of activity, productivity, costs. The resulting more accurate estimate of the numerical values from the use of these tools can be further used to solve the mathematical optimization problem to determine their effective set when implementing a transformation project.
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