Opportunities for Improving Budgeting Quality Based on Value Streams
Year: 2024
Type: article
Abstract: The article explores the primary opportunities for improving budgeting quality in companies by leveraging information on value streams. It elucidates the fundamental stages of the value creation process in any business or production activity. The main and auxiliary actions are grouped according to the degree of their impact on creating value for the consumer. The article identifies the most critical areas in the current context of global economic transformation that significantly influence the value creation chain. The value chain is adapted to reflect changes in competition and legislation. Directions for adapting the value chain to shifts in consumer behavior, as well as in relationships with suppliers and contractors, are proposed. Priorities for adapting the value chain to economic conditions and economic policy parameters are justified. The disposition for adapting the value chain to natural conditions and anthropogenic features of the business environment is specified. The article outlines the most crucial vectors for adapting the value chain to the conditions of economic infrastructure and the political environment of business.
Author: Mohammed F.M. Mohammed
Language: English
Subfield: Management Information Systems
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4401825524