Target function of a company: evolution of concepts and modern views

Sytnik Anna V. ()
Additional contact information
Sytnik Anna V.: Kyiv National University of Trade and Economy

The Problems of Economy, 2013, issue 1, 243_254

Abstract: The article studies evolution of concepts of target function of a company in the context of changing views on the nature of a company, changing conditions of management and practices of management. It reveals main factors that determine formation of the target function of a company, gives analysis of approaches to its determination, which dominate at the modern stage. It uses the conducted study to substantiate the target function of a company, which is adequate to the modern level of development of the society and entrepreneurship, which would later become the main landmark when developing strategy of a company and a system of its financial plans.

Keywords: target function of a company; maximisation of profit; stable economic growth; value-oriented management; agent theory; interested parties theory; financial goals (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.problecon.com/pdf/2013/1_0/243_254.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:idp:redpoe:y:2013:i:1:p:243_254

Access Statistics for this article

The Problems of Economy is currently edited by Kizim Nikolay A.

More articles in The Problems of Economy from RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE)
Bibliographic data for series maintained by Alexey Rystenko ().