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EN
Enterprises functioning in the market economy consider survival and development to constitute the most general goal of their activity. Survival is the essential goal, first of all implemented in practice in the situation of a recession or an economic stagnation, on which the completion of the majority of other postulates depends. However, every organization which implements the survival goal, in consequence must be development-oriented. The necessity of the enterprise transformation, that is its adaptation to changing conditions of the environment means constant proceeding to a higher stage of development which is conditioned by external and internal changes. Maintaining balance between external and internal conditionings is related to the individual needs of an enterprise, its position on the market, long-term prospects for development and the assessment of the current situation and the effectiveness of management. The postulates presented above, referring to the determination of strategic directions of the enterprise activity, must be confronted in today’s economic reality with the idea and the main assumptions of the Value Based Management concept, which has now become one of the leading concepts of enterprise management, acceptable by the majority of its shareholders. The paper attempts to identify relations between the process of development and the process of enterprise value creation, developing primarily the subject of common goals, determinants and the strategy of both processes.
PL
Celem artykułu jest analiza wybranych uwarunkowań zarządzania wartością w przedsiębiorstwie deweloperskim. Analizie zostanie poddany wpływ stosowanych zasad ewidencji przychodów i kosztów na pomiar wartości. Analiza jest prowadzona pod kątem zapewnienia metod pomiaru, które będą zgodne z logiką kreowania wartości, co zapewni możliwość wykorzystania wyników pomiaru w systemach zarządzania. Autorzy opracowali przykłady korekt, które mogą być użytecznie przy pomiarze wartości z wykorzystaniem dochodu rezydualnego. Zaprezentowano symulację pomiaru wartości z zastosowaniem proponowanego podejścia dla przykładowej spółki celowej realizującej projekt mieszkaniowy.
EN
The aim of this article is to analyse some aspects of Value Based Management in real estate development companies. The subject of this analysis will be the impact of the applied rules for income and expenses on the measurement of values. This analysis was carried out in order to make sure that these measurement methods would be consistent with the creation of values. This will ensure that measurement results can be used in management systems. The authors developed correction templates that can help to measure values using the residual income. This article discusses the simulation of measurement values and the proposed approach of the SPV (Special Purpose Vehicle/Entity) which carry out real-estate development projects.
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