Milinchuk O. Value-based Budgeting as Approach of Management on Food Industry Enterprises

Milinchuk O. V. Value-based Budgeting as Approach of Management on Food Industry Enterprises. - Manuscript. Dissertation for the Degree of Candidate of Science in Economics, with specialty of 08.00.04 - Economics and Management of Enterprises (food industry). - National University of Food Technologies. - Kyiv, 2011. The contents of budgeting system and value-based management were coordinated, as well as formation of value-based budgeting as modern approach of management was attempted in the dissertation. The issues of classification and the estimation of value-based indexes were determined, the advantages and disadvantages of those are analyzed. Swedish model of Cash Value Added determination by E. Ottoson and F. Weissenrieder is further developed, which has allowed to generate the system of indexes. Control over the change in the indexes allows estimation of influence of managerial decisions on the trend enterprise value. The decision-making matrix, which is used to initiate benchmark value criteria during the stages of enterprise life cycle has been developed as the results of investigation. A new methodology for estimation of an integral index for the enterprise stage of life cycle has been introduced.