Opportunities for Improving Budgeting Quality Based on Value Streams

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.

Authors

Publication Details

Journal
Общество политика экономика право
Published
2024-08-21
DOI
https://doi.org/10.24158/pep.2024.8.19
Primary Topic
Engineering and Environmental Studies
Type
article
Field-Weighted Citation Impact
0.00
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article

Opportunities for Improving Budgeting Quality Based on Value Streams

Mohammed F. Mohammed
Общество политика экономика право
Engineering and Environmental Studies
article

Opportunities for Improving Budgeting Quality Based on Value Streams

Mohammed F. Mohammed
article en

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.

Общество политика экономика право(8)
Industry, innovation and infrastructure
Openalex Percentile: Top 83%
Engineering and Environmental Studies
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