Systemic Approach to Value Management in Enterprise Development Programs
Keywords:
value management, enterprise development programs, strategic management, organizational development, change managementAbstract
In the context of the rapid complexity of economic structures and the deepening interdependence of enterprises in the global economy, the issue of organizational change management is becoming increasingly relevant. This article provides a detailed analysis of the concept of value management in enterprise development programs, considering the necessity of integrating strategic goals with operational activities. The scientific novelty of the study lies in the development of a systemic approach to managing the values of program initiatives, ensuring their quantitative and qualitative assessment, integration into the decision-making process, and establishing interconnections between investments, obtained benefits, and the strategic goals of an organization. Unlike traditional approaches, which are mainly based on return-on-investment assessment, the proposed method includes a comprehensive classification of values (financial, non-financial, and intangible) and tools for their structuring and monitoring. Special attention is given to identifying the hierarchy of values, constructing models for their evaluation, analyzing the interrelationship between various categories of benefits and risks, and mechanisms for adapting program initiatives to changing external conditions. The article substantiates the necessity of incorporating value management into corporate management processes, which enhances enterprise adaptability and competitiveness in the market. The proposed approach can be applied in strategic enterprise management for companies implementing development programs, as well as in academic research dedicated to change management and organizational development.
References
Anbari, F. T. (2003). Earned value project management method and implementation. International Journal of Project Management, Vol. 21, No. 2, pp. 113–121.
Boardman, A. E., Greenberg, D. H., Vining, A. R., & Weimer, D. L. (2018). Cost-benefit analysis: Concepts and practice (5th ed.). Cambridge University Press.
Buffett, W. (2007). The essays of Warren Buffett: Lessons for corporate America. The Cunningham Group.
Bushuyev, S. D., Bushuyeva, N. S., & Zakharyov, A. M. (2006). Modeli ta metody stratehichnoho rozvytku shvydkozrostaiuchykh orhanizatsii [Models and methods of strategic development of fast-growing organizations]. In V. A. Rach (Ed.), Upravlinnia proektamy ta rozvytok vyrobnytstva: Zbirnyk naukovykh prats [Project management and production development: Collection of scientific papers] (No. 1 (17), pp. 5–14). Luhansk: SNU im. V. Dalia. [in Ukrainian]
Bushuyev, S. D., Bushuyeva, N. S., et al. (2010). Kreatyvni tekhnolohii proektnoho ta prohramnoho upravlinnia [Creative technologies of project and program management] [Monograph]. Kyiv: Sammit-knyha. [in Ukrainian]
Bushuyeva, N. S. (2007). Mekhanizmy matrychnykh tekhnolohii proaktyvnoho zbalansovanoho upravlinnia prohramamy rozvytku orhanizatsii [Mechanisms of matrix technologies for proactive balanced management of organizational development programs]. In V. A. Rach (Ed.), Upravlinnia proektamy ta rozvytok vyrobnytstva: Zbirnyk naukovykh prats [Project management and production development: Collection of scientific papers] (No. 3 (23), pp. 16–24). Luhansk: SNU im. V. Dalia. [in Ukrainian]
Chapman, C., & Ward, S. (2003). Project risk management: Processes, techniques and insights. Wiley.
Cooper, C., Flint-Taylor, J., & Pearn, M. (2013). Building resilience for success: A resource for managers and organizations. Palgrave Macmillan.
Drucker, P. (2007). Management: Tasks, responsibilities, practices. Harper & Row.
Few, S. (2006). Information dashboard design: The effective visual communication of data. O’Reilly Media.
Fleming, Q. W., & Koppelman, J. M. (2006). Earned value project management (3rd ed.). Project Management Institute.
Hiatt, J. (2006). ADKAR: A model for change in business, government and our community. Prosci Research.
Ishikawa, K. (1985). Kaizen: The key to Japan’s competitive success. McGraw-Hill.
Kaplan, R. S., & Norton, D. P. (1992). The balanced scorecard—Measures that drive performance. Harvard Business Review, Vol. 70, No. 1, pp. 71–79.
Kotter, J. P. (1996). Leading change. Harvard Business School Press.
Malyi, V. V., Ivashchenko, V. P., Antonenko, S. V., & Mazurkevych, O. I. (2007). Upravlinnia rozvytkom vyrobnytstva: Navchalno-metodychnyi posibnyk [Management of production development: A teaching and methodological guide]. Dnipro: Porohy. [in Ukrainian]
Parmenter, D. (2015). Key performance indicators: Developing, implementing, and using winning KPIs (3rd ed.). Wiley.
Porter, M. E. (1990). Competitive strategy: Techniques for analyzing industries and competitors. Free Press.
Project Management Institute. (2017). The standard for program management (5th ed.). Project Management Institute.
Project Management Institute. (2021). A guide to the project management body of knowledge (PMBOK® guide) (7th ed.). Project Management Institute.
Schoemaker, P. J. H. (1995). Scenario planning: A tool for strategic thinking. Sloan Management Review, Vol. 36, No. 2, pp. 25–40.
Downloads
Published
License
Copyright (c) 2025 Oleksandra Mazurkevych
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors retain copyright in their work and grant the journal the right of first publication. All articles are published under the Creative Commons Attribution 4.0 International licence (CC BY 4.0).
The content may be freely read, downloaded, copied, distributed, printed, searched, cited, and used for any lawful purpose, provided appropriate credit is given to the original authors.
