Challenges and Risks of Russian Metallurgy Under Modern Conditions of Instability

Костюхин, Ю. Ю.; Sidorova, Elena Yuryevna

doi:10.51832/222379842022645

Cited by 2 publications

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“…In the current economic climate, metallurgists should aim to meet the needs of the domestic market to ensure the necessary volumes of metal production preserve the enterprise and jobs, which is only possible by systematically evaluating risk and building an effective strategy (Sidorova et al, 2019;2020;Kostyukhin et al, 2021).…”

Section: Materials and Methods Of Researchmentioning

confidence: 99%

A model of economic stability for metallurgical companies under conditions of economic transformation and sanction risk

Костюхин

Сидорова

Lebedeva

2023

Vestn. Ross. univ. družby nar., Ser. Èkon.

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Transitioning to a new model of economic growth during economic transformation and sanctions risks is challenging. Such change requires effective decisionmaking and management of strategic business zone portfolios and evaluating proposed organizational pivots. This article discusses the internal and external impacts of possible risks on metallurgical enterprise activities. Based on the data obtained, we identify possible threats that need to be integrated into new enterprise strategy. Drawing upon this data, this study proposes a strategic organizational pyramid that divides the company’s development strategy into four levels of impact: corporate, financial, functional and operational. These levels emphasize the degree of risk impact and aim to improve the strategy at all levels. The study assesses the potential of the phases of the life cycles of the enterprise. Finally, we compile the design indicators of the economic efficiency of the proposed strategies to increase the value of the company in the face of new risks.

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Section: Materials and Methods Of Researchmentioning

confidence: 99%

A model of economic stability for metallurgical companies under conditions of economic transformation and sanction risk

Костюхин

Сидорова

Lebedeva

2023

Vestn. Ross. univ. družby nar., Ser. Èkon.

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Value-Based Management for Russian Industrial Enterprises in the Conditions of High Economic Volatility

Suslova

2023

jour

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Relevance. Value-Based Management is a modern effective management concept, widespread in the West companies. It’s implementation attempts at Russian industrial enterprises face top maagement the problem of the lack of sufficient research in the field of Value-based management practical application in conditions of Russian economy, which has been characterized by a high level of volatility in recent years. In addition, the specialized literature does not always correctly present the translation and interpretation of economic terms that leads to further errors in their use.Some economic categories of Value-Based Management are clarified in this study, and also the system of value factors for Russian industrial enterprise is presented. The proposed system fully reflects the current market realities of the Russian economy.The purpose is development of the Value-Based Management theoretical base and addition of a methodological approach to Value-Based Management implementation in Russian industrial enterprises.Objectives: clarification of some economic categories of Value-Based Management; compilation of the most complete list of factors affecting the value of an industrial enterprise in the Russian Federation; development of the industrial enterprise mathematical model, that is based on the proposed system of value factors.Methodology. Method of expert assessments, system analysis, and mathematical modeling were used in the study.Results. The system of value factors for Russian industrial enterprise has been developed and proposed. It is relevant in conditions of high economic volatility. Modeling of the radio-electronic industry enterprise, which is part of the state corporation, was carried out. Based on the modeling results, the factors that have the greatest impact on the enterprise activities, and the factors that are subject to maximum influence (they are risk factors for this company) for this enterprise, are identified, recommendations are given.Conclusions. The proposed value factors system can be used in strategic or operational planning of any Russian industrial enterprise. That will make possible to make adjustments to the development strategy, increasing the efficiency of managerial decisions within the framework of Value-Based Management.

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Challenges and Risks of Russian Metallurgy Under Modern Conditions of Instability

Cited by 2 publications

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A model of economic stability for metallurgical companies under conditions of economic transformation and sanction risk

A model of economic stability for metallurgical companies under conditions of economic transformation and sanction risk

Value-Based Management for Russian Industrial Enterprises in the Conditions of High Economic Volatility

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