Ownership (Co) Management

Abstract

Research Question (RQ): The effectiveness of the success of companies and other organizations depends primarily on successful management and governance. Throughout the entire period of independent of Slovenia, the fact is that the state is a bad master is confirmed. The exit from this is the privatization of state property. Forms in privatization methods may vary. In the paper we will investigate and try to answer the question of the extent to which an effective and successful privatization of state assets can be made by selling shares or stakes to employees and to what extent ownership can affect the efficiency and effectiveness of business operations.

Purpose: The purpose of the article is to answer the question of whether internal ownership is compatible with the efficiency and effectiveness of enterprises, whether internal ownership is derived from a humanistic belief, whether the internal ownership is only appropriate for smaller companies, or whether internal ownership can be reproduced, is internal ownership less generally successfully compared to other forms of ownership and what are the unexplained possibilities of our companies compared to the developed market economy.

Method: By means of a comparative analysis of foreign and domestic experience, we will try to confirm the thesis that the influence of internal ownership can be positive if certain conditions are met.

Results: Based on the results of the research, an organizational and operational model of an enterprises will be proposed with the internal ownership of employees associated with participatory management.

Organization: Organizations with (co)ownership of employees are economically more successful if the co-ownership is related to participatory management. Employees in such organizations are more motivated and feel more affiliated with the organization, and they are more committed to efficient and successful operation and the development of the organization where they are employed.

Society: By selling shares to Slovene citizens, we would ensure that as many Slovenes as possible would become owners of their past work and that they would remain to be the masters on their companies! With certainty we can expect employees to become socially more responsible as co-owners of tkeir companies.

Originality: : The value of state-owned enterprises is now heavily depreciated. It would be rightis that the state would offer the sale of shares to its citizens. At such low prices, Slovenian citizens with a big discounts would be ready to buy shares and saving in shares with expected higher future returns instead of deposits in different banks. By selling shares of state-owned companies, the state would .obtain the necessary money; while Slovenian citizens would provide their greater social security and prevent the irational sale of state property only to foreigners.

Limitations / further research: The results of this research should encourage further research on forms and ways of (co)ownership and (co)management and their integration with the pension system.