Substantiation of Value Oriented Management Changes of State Seaport Cover Image

Valstybinio jūrų uosto valdymo, orientuoto į vertės kūrimą, poreikio pagrindimas
Substantiation of Value Oriented Management Changes of State Seaport

Author(s): Rima Mickienė, Elena Valionienė
Subject(s): National Economy, Business Economy / Management, Governance, Economic development
Published by: Vilniaus Universiteto Leidykla
Keywords: added value oriented management; public management; seaport governance; seaport economics; quality of life economics;

Summary/Abstract: Efficient operations of state enterprises play a significant role in promoting development and growth of the national economy, and accordingly require implementing the most efficient model of governance. Given the state-seaport relation, current common concepts of port operations and their factors include features of Keynesian economic theory. Moreover, features of monetarism and institutionalism may be observed in the performance of seaports. The contrast between the assessment of seaport performance based on classical public administration and economic theories and the performance of the global maritime sector in modern market conditions raises the scientific problem of the research: Which methodology should be applied for comprehensive evaluation of added-value, created through the effective governance at the state seaport. The object of the research is the seaport governance. The aim of the research is to substantiate value oriented management changes of state seaport. The methods of the research include the following: systematic review, meta-analysis, analysis of scientific literature, logography, statistical analysis, interpretation, and generalization. Effective management consists of the following three managerial levels: operational management, strategical management, and governance. Each of latter management levels has different functional objectives and their consistent implementation creates the expected outcomes of effective management. The activities of state-owned companies are primarily based on their specific operational indicators, which create added value to the whole national economy. In order to achieve the highest possible added value, different management situations have to be modelled for the best solution to be found. According to the theory of public administration, especially related to the decentralization of state-owned enterprises, it is necessary to compare the indicators of financial efficiency and performance with the social and economic impact of the state-owned enterprises operating in the competitive market and region. The decentralization processes which occur due to the implementation of financial and institutional autonomy were implemented during the development of the new public management paradigm. At the end of the last century, many public management reforms were implemented in the area of infrastructure, transport and telecommunication management following the increase of the financial and institutional autonomy of state-owned enterprises. Such reforms were influenced by the shift of bureaucratic governance into corporate governance and following an increase of competitiveness in the market. Determining the effectiveness of seaport governance may indicate the level of complexity and linkages between the actors operating in the seaport and whole maritime transport sector.

  • Issue Year: 41/2018
  • Issue No: 1
  • Page Range: 25-41
  • Page Count: 17
  • Language: Lithuanian