THEORETICAL AND METHODOLOGICAL ASPECTS OF COST MANAGEMENT IN COOPERATIVE ORGANIZATIONS

Current economic conditions in Russia as well as in other countries are characterized by increased competition on the one hand and scarcity of resources on the other. Consequently, company management is in constant search for new management tools that can respond adequately to changes in the external and internal environment. Changes in business practices stipulate the development of new approaches to company management that guarantee efficiency and competitiveness of companies. Thus, the concept of company value management appeared in management theory and practice. Implementation of this concept predetermined the formation of management techniques integrated in the value approach. The main idea of value approach is that the strategic aim and criteria of company success are determined by the company's value (its capitalization) that reflects the perspectives of owners' growth in prosperity. Thus, primarily, company owners are interested in the development of value management methods. Still, the techniques of owners' influence on managerial efficiency and, eventually, on the company's value are formed by combination of the following factors: legal form of organization, form of ownership, type of economic activity, degree of legislation regulation, level of social responsiveness, priority for national and regional economies. Due to the fact that these factors in all their complexity, in the author's opinion, should be considered in the implementation of the value approach, a theoretical and methodological basis of value management relating to the activities of consumer cooperatives was formed. The main idea and purpose of the research, the results of which are presented in this article, is to develop a theoretical and methodological framework of cooperative organizations' value management that provides enhancement of company performance and harmony of social and entrepreneurial efficiency of cooperative organizations. In the course of research the author used general scientific methods of analysis and synthesis, induction and deduction, comparison, method of system approach and modeling techniques. As a result of the research, the author defined socio-economic potential, substantiated logic and methodology of cooperative organizations value management. The author's definition of socioeconomic potential differs from the traditional one by inclusion of social resources in it and by focusing on satisfying the needs of shareholders, staff and society. Logic of cost management in consumer cooperation, as opposed to traditional approaches, is based on interrelation of assets and in-house financing sources of corporate operations and implies a new criterion of corporate value increment.