Interconnection of the development strategy and motivation system at enterprises

Journal Title: Проблеми економіки - Year 2013, Vol 2013, Issue 4

Abstract

Personnel is the most important resource of an enterprise, under conditions of limited resources and for ensuring competitive advantages in the market, which allows, by means of the efficient system of motivation (which should be a component of the enterprise strategic development), solution of main strategic tasks of an enterprise - increase of efficiency and effectiveness of the personnel labour, which, in its turn, is an important factor of the enterprise development in general. The article analyses interconnection of the enterprise development strategy and personnel management strategy by means of formation of the personnel strategy, which allows setting reference points in the sphere of personnel management for a long period and formulation of the personnel strategy. The article considers the system of enterprise motivation in the format of the balanced scorecard, which is presented through setting up a strategic chart, which is based on four components of achievement of strategy, namely: finance, clients, internal business processes and human capital. It considers interconnection of the development strategy with the key indicators of efficiency of enterprise activity, which specifies essence of strategic goals. It justifies connection of balanced scorecard with the system of motivation at enterprises by means of identification of indicators (that identify the result of achievement of certain strategic goals of an enterprise) and a motivation measure (in accordance with the results of achievement of goals).

Authors and Affiliations

Oleksiy Yermolenko

Keywords

Related Articles

Communication Capital Productivity: National Aspect

The article offers suggestions for assessing communication capital productivity; the contradictions that affect the value of the communication efficiency of capital (the union of the agents of the market of communication...

The System of Indicators for Evaluating the Effectiveness of Intellectual Property Management at Enterprises

Formation of intellectual property is an important strategic direction in the enterprise development, increasing its competitiveness and performance. Intellectual property management is an important component of the ente...

Inter-branch models of multi-structural economy

The article offers static and dynamic inter-branch models of a multi-structural closed economy, which use an inter-branch approach within the framework of each technological structure. Methods of aggregation and optimisa...

Transfer price: theoretical and applied aspects

Modern conditions of development of entrepreneurial activity result in fundamental reformation of relations between economic subjects. Not only the subjects change, but also the forms of their interaction with each other...

Forecasting the Number of Prospective University Applicants Depending on Demographic Changes and Attractiveness of Higher Education

The purpose of the article is to develop a methodological approach to evaluating and predicting the number of prospective applicants to universities of III-IV level of accreditation in the changing demographic situation...

Download PDF file
  • EP ID EP152103
  • DOI -
  • Views 106
  • Downloads 0

How To Cite

Oleksiy Yermolenko (2013). Interconnection of the development strategy and motivation system at enterprises. Проблеми економіки, 2013(4), 285-291. https://europub.co.uk/articles/-A-152103