FUNCTIONS OF MOTIVATION, CONTROL AND REGULATION IN THE SYSTEM OF TRANSACTION COSTS MANAGEMENT
Journal Title: Економіка розвитку - Year 2014, Vol 70, Issue 2
Abstract
The need for transaction costs management at an enterprise was substantiated. A functional model of transaction costs management was presented in terms of general functions of management. The implementation of the model was found to ensure transformation of incoming resources (monetary assets) into an outcome (optimized transaction expenses). The stages for implementation of motivation, control and regulation functions were specified as components of the functional model of transaction costs management. Sequential and complex execution of the management functions was proved to ensure transformation of the incoming resources into the outcome according to the following chain: financial resources → a budget of transaction costs → job descriptions → a program of the employees' motivation → a report on management efficiency → optimized transaction costs.
Authors and Affiliations
I. Makaliuk
Keywords
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