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ECONOMIC AND FINANCIAL CRITERIA OF BUSINESS QUALITY STRATEGY



Julia Antokhina
Karam Gumbatov
leonova5858@mail.ru
9285767@mail.ru
senior lecturer at the Department of Innovatics and Integrated Quality Systems of St. Petersburg State University of Aerospace Engineering, Doctor of Economics, associate professor
candidate for PhD at the Department of Innovatics and Integrated Quality Systems of St. Petersburg State University of Aerospace Engineering
Saint-Petersburg
Saint-Petersburg

Keywords:

  • economic and financial indicators;
  • methods of quality management
  • quality strategy
  • business market value
  • We consider problems of choosing the direction of quality strategy based on economic and financial indicators and their criteria. We believe that the most acceptable economic and financial criterion of quality strategy is the maximization of business market value growth on the basis of the concept of economic added value and its discounting at weighted average rate.
    We suggest a set of economic and financial indicators of quality strategy and develop guidelines for choosing the directions of quality strategy as well as relevant quality management methods including a sequence of stages and conclusions. We offer practical calculation of indicators and substantiate the choice of direction of quality strategy.

    188300 Russia, Leningrad region, Gatchina, st. Roshchinskaya, 5