Main approaches to the assessment of the efficiency of corporate integration of enterprises in investment and construction complex

Abstract

An important role in the framework of management activities is traditionally performed by the functional unit of efficiency assessment (in a broader sense, effectiveness), which determines approaches to both the justification of management decisions and their evaluation. Modern Russian and global practice of investment and construction activity demonstrates stable trends towards the development of various forms of corporate associations of different entities. Corporate integration can significantly contribute to improving the sustainability and efficiency of the functioning of entities, including through the synergetic effects of integration. The understanding of organizational performance in modern management is significantly expanding and is not limited only to measuring the achievement of results as part of efficiency, but becomes a more systematic and generalizing concept. Based on this, the performance of activities can be defined as a complex multiparametric characteristic reflecting the ability of an organization to achieve balanced strategic and tactical results that meet the interests and requirements of stakeholders, from the standpoint of increasing economic efficiency, improving the quality of management, creating added value, increasing the competitiveness of the organization for its sustainable development. The author's study of modern methodological approaches to determining the performance of economic systems in general and subjects of investment and construction activities in particular allowed us to identify the main approaches to assessing the effectiveness of corporate integration in the investment and construction complex, depending on the prevailing criteria principles and target vectors of efficiency formation as a component of the integral category — performance. The application of this system of approaches in the practice of solving management problems and evaluating the effectiveness of corporate structures can expand the interpretation of efficiency and contribute to the development of management tools.