The measurement of performance is an essential part of the management process. The planning function usually defines the goals and objectives for the business enterprise or division of the enterprise. The control function should monitor the performance measures and establish corrective action if actual performance deviates significantly from planned performance. Maintenance performance measurement is therefore essential to ensure that maintenance objectives are achieved, and that maintenance adds value for the company. The objective of this paper is to discuss the findings of a project that investigated aspects of the maintenance performance system of a number of mining companies in South Africa. The findings of a survey indicated that maintenance performance management is not yet used to its full potential in the mining industry. OPSOMMINGDie meting van prestasie is 'n noodsaaklike deel van die bestuursproses. Die beplanningsfunksie defineer normaalweg die doelwitte vir die organisasie of divisie van die organisasie. Die beheerfunksie monitor die prestasie en bepaal of korrektiewe aksie nodig is wanneer die werklike prestasie noemenswaardig afwyk van die beplande prestasie. Prestasiemeting in instandhouding is dus noodsaaklik om te verseker dat die doelwitte vir die instandhoudingsafdeling bereik word en dat instandhouding waarde toevoeg vir die organisasie. Hierdie artikel bespreek die resultate van 'n projek wat verskeie aspekte van die prestasiestelsel van 'n aantal mynmaatskappye in Suid-Afrika ondersoek het. Die vernaamste bevinding van die projek is dat prestasiebestuur in instandhouding nog nie ten volle benut word deur verskeie mynmaatskappye in die mynbou-industrie nie.
Purpose: Society’s expectations of business are said to be increasing, with business expected to play an influential role from a triple bottom line perspective. Shared value creation is a new, emerging theme in the literature on corporate social responsibility (CSR). The stagnating South African economy, the increasing incidence of protests against community conditions and the increased expectations of stakeholders for business frame the study.Design/methodology/approach: This qualitative research study aimed to gain insight into how shared value creation could be effected in a developing country. Additionally, it provided insights into the reason for the nature of the expectations, the approach in effecting shared value creation, and the benefits that could be realised by employing this business model.Findings/results: The study found that shared value creation can be effected successfully through a partnership between government, business and communities together with strong inter-stakeholder. Measurement of outcomes and feedback to the various stakeholders will strengthen relationships with employees and fence-line communities and lead to improved business performance. Benefits were identified as improved social capital, reduced dependency on companies and a sustainable business.Practical implications: This concept proposes an approach to social responsibility that will enhance the competitive advantage of the firm and is presented as strategic CSR. Numerous literary contributions have criticised the concept for being too vague in its approach and for being built on western world principles.Originality/value: Understanding the role of institutions (or lack thereof) in ecosystems and the networks that are established and required was considered important in furthering the operationalising of social responsibility concepts such as shared value creation.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.