dr inż. Piotr Jacek BIAŁOWĄS – Katedra Ekonomiki i Organizacji Przedsiębiorstwa, Wydział Zarządzania, Uniwersytet Ekonomiczny we Wrocławiu, ul. Komandorska 118/120, 53-345 Wrocław, Polska; e-mail: Piotr.Bialowas@ue.wroc.pl
dr Magdalena Kinga STAWICKA – Katedra Makroekonomii, Wydział Ekonomii i Finansów, Uniwersytet Ekonomiczny we Wrocławiu, ul. Komandorska 118/120, 53-345 Wrocław, Polska; e-mail: Magdalena.Stawicka@ue.wroc.pl
Received 14.11.2023. Accepted 13.12.2023
Abstract
Purpose: Analysis of the separation of non-core processes (medical assets) within one of the largest Polish energy holdings listed on the Warsaw Stock Exchange. An attempt to show the relationship between the transformation model and the value of the separated organization as well as the value of the entity from which the processes are separated. The research was carried out due to the occurrence of a significant number of enterprise restructuring processes using the concept of outsourcing in business practice in recent decades. The concept of outsourcing has been widely used in Polish conditions for many decades, but its effectiveness assessment in the literature seems to be described only in one aspect. This prompted the authors to try to expand the aspects of assessing this concept by taking into account qualitative analysis. Most publications indicate the usefulness of outsourcing and the evaluation of transformations is presented in a single-aspect manner. Too little space is devoted to assessing the effects of applying the concept in a longer time horizon, also from the point of view of the quality of service provision. There are also no detailed descriptions of the impact of the concept on the value of the organization in the literature on the subject.
Design/methodology/approach: Qualitative research (case study) and literature study, including the inductive method.
Findings/conclusions: The main conclusion of the research is to show the possibility of influencing the value of transactions and the value of companies depending on the detailed spin-off models adopted. In other words, processes of this type seem to be controllable in terms of the achieved effects in terms of generating value, depending on the assumptions adopted by the company separating the processes. This is somewhat contrary to the principle of absolute influence on the maximization of value in capital companies and, in a sense, on the maximization of the value of the services provided. Problems related to the implementation of outsourcing processes based on complicated separation and simultaneous capital concentration were presented.
Research limitations: The study concerned a large, but only one, enterprise in the energy sector. The scope of the project was very large, but in order to universalize the model, the number of analyzed organizations would have to be increased.
Practical implications: It seems that the analysis has a high cognitive value and even though the conclusions and the attempt to formulate a relationship model come from the analysis of one entity, it can be taken into account by most organizations implementing this type of projects in practice.
Originality/value: High reliability of the data due to the fact that the reorganization project was formally led by one of the co-authors of the article. The shown dependencies within the spin-off model seem original and are applicable both in theory and in economic practice. Further analyzes in the context of the theory of transaction costs may facilitate the universalization of research results, and increasing the research sample by several enterprises will facilitate the formulation of a model of changes that can lead to the optimization of this type of activities in practice and make a significant contribution to the theory of organization.
Keywords
reorganization of processes, optimization of organizational structures, outsourcing, transaction costs