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Strategic decisions and risk management

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“Strategic Decisions and Risk Management” is an international peer-reviewed journal in the field of economics, business and management, published since 2010.

The journal is a platform for interaction between scientists, experts, specialists in state administration, entrepreneurs and business practitioners to discuss various aspects of digital transformation, impact of digital technologies on the economic, management and social aspects of the activities of the state and companies, as well as risks associated with digital transformation.

 

1. Strategic managerial decisions and Decision-making process:

     ∙     Development, implementation and execution of strategic and long-term managerial decisions;

     ∙     Rational and behavioral methods and techniques in decision-making and managerial problem solving;

     ∙     Making decisions as a cognitive process. Application results of neurosciences for the decision-making process;

     ∙     Strategic managerial decisions in organizational context;

     ∙     Tools and techniques for economic rationale for managerial decision and evaluation of their implementation performance;

     ∙     Practical use of software systems supporting decision-making.

2. Strategic management and business strategies:

     ∙     Development process, implementation and execution of the strategy in business organizations;

     ∙     Strategic changes and leadership;

     ∙     Innovation, entrepreneurship and corporate entrepreneurship as strategic development factors;

     ∙     Long-term impact of the environmental, social, and governance criteria (ESG), and Sustainable Development Goals on business strategies;

     ∙     International business strategies.

3. Technological development and operational strategy:

     ∙     Technological development and its impact on business strategies and business models;

     ∙     Operational strategies: development and rationale;

     ∙     Digital business transformation strategies and implementation of the fourth industrial revolution technologies;

     ∙     Methods and techniques of development and implementation of new products and technological processes.

4. Risk management:

     ∙      Identifying and analyzing of risks when developing and implementing managerial decisions. Methods and techniques;

     ∙      Management methodology for strategic risks;

     ∙      Quantitative and qualitative methods of risk assessment.

“Strategic Decisions and Risk Management” welcomes articles from authors from different countries. Any articles submitted shall meet the standards of scientific character and uniqueness. The quality of articles is assessed through double blind peer review.

The editorial board and pool of reviewers brings together leading experts in the field of shaping development strategy and digital transformation of business, introduction of new digital technologies, risk management, public administration, economy of knowledge and innovation, representatives of government authorities and development institutions.

The journal is published four times a year. All materials are posted on the website and are available for download at the link: https://www.jsdrm.ru/jour 

The journal publishes articles in both Russian and English.

“Strategic Decisions and Risk Management” is in the updated list of peer-reviewed journals of the Higher Attestation Commission of the Ministry of Education and Science of the Russian Federation for publication of the main scientific results of theses for the degree of Doctor and Candidate of Sciences.

Every issue of the journal is fully translated into English. We accept articles free of charge.

Current issue

Vol 16, No 2 (2025)
View or download the full issue PDF (Russian)

Статьи

116-124 41
Abstract

In this research, we analyze the multiple relationships of funding for AI start-ups and specify investor influence, technological changes, and funding types within a start-up ecosystem. The research has identified over 500 relevant AI start-ups and splits the analysis based on regions and time into several years from 2019 to 2024. The research focuses on issues such as the involvement of venture capitalists, corporate investors, governmental support, and funding models of AI businesses. This study makes use of both descriptive statistics of financial and operational data and subjective data collection from the identified start-up founders, investors, and policymakers. Machine learning algorithms, statistical tools like R and Python, and business intelligence tools like Tableau are used to analyze patterns of funding to determine patterns in the data sets. To enhance the findings, the study also relies on secondary data from local and international venture capital databases and financial statements. Some of the findings have to do with ways in which funding ecosystems shape the technological development path of AI start-ups through, inter alia, emphasizing ethical approaches to AI, regulatory frameworks, and sustaining innovations. The study highlights the standout of investor preferences, systematic positioning of innovation centers, and socio-cultural imperative of multi-stakeholder collaboration as the drivers of sustainable growth. In addition, it recognizes challenges such as selection algorithm bias and data privacy issues and it presents policy suggestions regarding funding approaches. The present work advances the knowledge in the field by presenting an overall model of funding processes in AI start-ups, explaining the actions of investors, and providing tools for entrepreneurs. It also educates policymakers about specific areas that should be prioritized to enable a positive culture of unleashing and supporting AI, thereby filling knowledge gaps, and reinforcement AI stability and growth.

125-133 85
Abstract

The article examines the nature and essence of conscientious behaviour by IT entities willing to guarantee the production of high-quality IT products within the framework of projects and minimise the likelihood of undesirable consequences for all participants and other stakeholders. To achieve this goal, the article analyses the signs of good faith and unfair behaviour by parties involved in relationships, including judicial practice related to protecting rights against unfair conduct by counterparties. Based on this research, criteria were formulated for the integrity of IT entities, such as the absence of intent to cause material harm to interested parties and the existence of an effective risk management system. It was discovered that the intent to harm is not only characterised by the current practices of IT companies (including the use of clearly onerous terms in contracts, the deliberate violation of existing legislation, and the exploitation of the ignorance of transaction participants), but also by the unfair actions taken in previous transactions. It was also found that responsibility for taking preventative measures to reduce risks is assigned to the parties involved in producing an IT product. In particular, research has shown that if IT companies do not proactively influence other companies before entering into agreements, there may be no universal risks. However, during the course of work, the parties may face compliance issues that could negatively impact project goals and lead to significant financial losses for those parties.

134-143 36
Abstract

The growing independence of the Russian regions and the powers they have been granted on various issues make the study of regional economic systems relevant. As with the global economy, the regional economy is currently undergoing a transformation in some areas due to technological and geopolitical changes on a global scale.
The study aims to analyse and summarise the current approaches to the formation and implementation of regional economic policy adopted by Russian regional authorities, and to assess the current challenges and prospects for further improvement of regional economic policy.
The modern tools for implementing regional economic policy are characterized. The methods for combating current challenges, including economic sanctions, are considered using specific examples. A sample analysis of the main economic indicators of regions in different federal districts is carried out. The conclusion is made that the economies of Russian regions are stable. 
The subsequent prospects for improving regional economic policy are assessed. Problems for further research are proposed.
The results and conclusions of this study can be applied to the practical implementation of measures for regional economic policy formation. The results of the work are original and are based on the most relevant theoretical approaches, practical developments and statistical data; therefore, they are highly significant from both scientific and practical perspectives.

144-153 64
Abstract

The article focuses on the issues of strategic and operational planning of anti-crisis measures within organisations. The study is based on an analysis of scientific works by domestic and foreign scientists, enabling us to analyse the key tools that help companies adapt and respond to crisis situations. The necessity of introducing innovative approaches to managerial decision-making in order to eliminate the problem of uncertainty is substantiated. The article highlights the disadvantages of a typical form of enterprise rehabilitation and the advantages of implementing strategic control. The signs of strategic anti-crisis planning and the directions of the anti-crisis financial strategy are highlighted. As an innovative solution for organising anti-crisis measures, the introduction of a Balanced Scorecard (BSC) is proposed to provide a comprehensive overview of the organisational performance. The system allows you to manage both internal external risks by conducting preliminary strategic analysis and monitoring various performing indicators. The article outlines the stages involved in implementing the balanced scorecard system according to the BSC model. In addition, the study emphasises the importance of a process-based approach to controlling indirect costs due to their substantial presence in an organisation's cost structure. The article provides an example of a balanced scorecard system for a financial sector segment of an operating enterprise, including specific indicators, as well as a cost management model based on the ABC (Activity-Based Costing) method. The results emphasise the importance of strategic and operational planning in ensuring the sustainability of enterprises during a crisis. The necessity of an integrated approach to crisis management, including innovative tools, is demonstrated. Thus, the article will be useful for researchers and practitioners specialising in management and finance.

154-162 33
Abstract

The article focuses on improving consulting services to encourage the effective development of export entrepreneurship. It emphasises two key points. Firstly, it emphasises the importance of popularising and implementing the core principles of organisational ambidexterity. This should improve the financial results of small and medium-sized businesses involved in export activities, making them more stable and predictable for owners in the long run. Secondly, it discusses how consulting services for exporting firms should be differentiated based on their life cycle stage and experience in export entrepreneurship. This ensures that the support provided is clear, valid, and timely. This study is significant both theoretically and practically in that it enhances the validity of the list of consulting services offered to enterprises interested in engaging in foreign trade amid increasing restrictions. The proposed recommendations can form the basis for improving the quality of consulting services for exporters, helping them to avoid difficulties and minimise errors when selling their products, while also optimising their resources for entering international markets. Further research could focus on identifying the factors that influence customer satisfaction with consulting services in export entrepreneurship. Another area of research could involve economic and mathematical models to determine the direction and strength of the relationships between these factors.

163-173 27
Abstract

The article examines the international competitiveness of the automotive industry in China, Germany, Japan and the United States, considering the impact of artificial intelligence and related technologies. The main goal is to identify the key competitive factors in the era of digitalisation and evaluate their impact on the strategy of automotive corporations. A statistical analysis and a correlation measurement model were used. In this new paradigm, success is not determined by the size of the corporation or its historical heritage, but by its ability to quickly adopt and implement technological solutions that will shape the future of mobility. The introduction of artificial intelligence in production and products is recognised as the most important factor in increasing the competitiveness of goods and services. Other factors include innovation, adaptability to market changes, integration of sustainable practices and digital transformation. Based on a comparative analysis of leading corporations, recommendations are proposed to strengthen positions in the global market segment. The results of the study will be useful for automotive corporations, as well as for government and non-profit organisations that support the industry. 

174-180 73
Abstract

The article examines the theoretical aspects of the concept of a company’s strategic orientation. The most applicable “classical” types of strategic orientation are presented, their components are analysed, and the development of knowledge about this concept is categorized by period. The emergence of new types of strategic orientation in companies is also explained by modern environmental factors, with a brief description of these new types. Based on an analysis of current environmental trends and literature, the article concludes that a new historical stage in the development of the concept of a company’s strategic orientation has been identified, and that the existing periodisation of this concept has been adjusted. This contributes to the theoretical development of knowledge about strategic orientation.

181-190 58
Abstract

The article focuses on the analysis and identification of possible factors that influence the choice of  an IT function implementation model in multidisciplinary companies (MNCs). Today, there are several IT function management models available for managers of multidisciplinary organisations. However, the conditions for choosing these models, as well as the practical ways to implement them, depending on the chosen model, have not been widely discussed among the scientific community.
The article aims to provide a comprehensive analysis of current models and methods of managing IT functions within multidisciplinary organisations, as well as the factors that influence their choice in these companies.
A behavioural analysis of the literature on the research topic has been carried out, which has led to the identification the main models for IT function management in multidisciplinary companies. The factors influencing the choice of a particular model of interaction between MNC businesses and IT functions have been identified, as well as practical ways to manage IT functions. From a practical perspective, the business community is provided with a description of potential options for selecting and managing models of IT functions, as well as the criteria for choosing them. From a scientific point of view, it contributes to the enrichment of research on the management of affiliated IT companies. To date, there has been no comprehensive classification of effective management models for these companies, nor has there been an assessment of the impact of a particular model on the overall effectiveness of a company, depending on how the IT functions are managed.  The scientific community has also not provided practical solutions for implementing a centralised or decentralised model for managing IT functions.

191-197 53
Abstract

In the context of digitalisation in banking and increasing customer experience requirements, the concept of human-centrism becomes particularly significant. This article proposes a structural model for a human-centered marketing strategy in the banking industry, focusing not only on customers but also on employees, partners and society at large. The study aims to develop a comprehensive approach to implementing a human-centered approach as the foundation for sustainable bank development in a digital environment. This approach involves customer and internal data analysis, emotional analysis, as well as using the B2H2H and B4H frameworks. The research identifies four key components of the model: corporate culture, extended human experience, social responsibility, and ethical digitalisation. The article presents metrics for the SDNA, BTI, EPI, and CPI indices, which enable practical assessment of strategy effectiveness. The practical significance of this model lies in its adaptability to specific organisational contexts and its development of flexible tools for managing emotions and engagement. The originality of this approach lies in its integration of emotional intelligence, digital tools, and the co-creation of both clients and employees. The article is relevant to researchers in the fields of marketing, digital transformation and human resource management in the financial sector.