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Strategic decisions and risk management

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Vol 10, No 3 (2019)
View or download the full issue PDF (Russian)
https://doi.org/10.17747/2618-947X-2019-3

Статьи

202-209 6040
Abstract

Relevance. Further to the postindustrial transition and the Forth Industrial revolution challenges operating nowadays in the world the Russian federation leaders task the nation to provide intensive innovation development of the economy and society with the effective administration of the process. The fulfillment requires toapply to such a praxis in the developed economies with the advanced manufacturing.
Research object. The paper provides the analysis of the innovative activity indicators systems of the three developed economies leading in the world for a long time in manufacturing as well as in the novelties production and commercialization spheres, i.e. USA, Japan and Germany. Herewith the main principles of the systems’ formulation, bases to select their particular indicators has been determined, the element composition analyzed and their structures compared.
Methods. To solve the task various research instruments have been applied: the system analysis, the content analysis, the comparative one and others. The institutional and evolutional theories and the modern political-economic approaches constituted the methodological basis of the research.
Results. The operation of the research facilitated the determination of the perspective approaches to form the systems of innovation activity indicators there to be applied and?\?or adapted in Russia and the recommendation to make use of these. The comparative analysis realized manifested different variants of the system’ structures with such bases and facilitated the elaboration their typology further to the modes of the indicators’ grouping, their factors of influence and the presence?\?absence of the synthesizing indicator. The conclusions served for the recommendations to use some principles and methods of the foreign systems of innovation activity indicators’ constitution.
Prospects. The immediate perspective of the research realized if the practical application of the deductions made, the theoretical conceptualization of the results obtained and the determination of the opportunities the systems to refine further on.

210-219 5867
Abstract
The article analyzes different approaches and practical aspects of the strategy format. The aim of the study is to understand the formats of existing strategies of enterprises. On this basis, it is revealed which of them are more often used in practice, what kind of ready-made strategy has, how it relates to the recommendations of the theory. Among the theory of strategy, three groups of approaches identified: strategy as a goal, strategy as an action and their mix. On their basis, the strategies of the largest Russian companies consider in detail. They made it possible to identify the specific features of the strategic structure. It includes duration, type, target orientation, publicity. The largest Russian companies form the strategy in accordance with the recommendations of the modern theory of strategic planning. Usually, the strategy is presented as public, with a limited validity period, detailed by areas of activity. It is with the direction sets of strategic decisions or vectors of development in this area.
220-227 2788
Abstract

In tIn this article, the problem of optimizing investments in risk management is considered through the theory of the firm and the problems arising from this theory (the problem of the «principal-agent», the theory of contracts).
The purpose of this study is the theoretical and empirical evidence of the optimal investment model proposed by the author for corporate risk management. The object of the research is the companies of the metal and mining industry of the Russian Federation. The subject of research are the financial performance and the amount of management expenses of companies.
The theoretical significance of the study is in the ability of indirect evaluating investments in corporate risk management based on the company's financial statements. Practical significance is the ability to use the results obtained in the real conditions of corporate governance of the company. The practical significance of the study is the ability to determine the appropriate amount of investment in risk management.

228-237 2088
Abstract

Business process management to date has not explicitly focused on sustainability as a change objective or driver. Although, approaches relating BPM and Sustainability already exist, e.g. Green BPM is the sum of all management activities that help to monitor and reduce the environmental impact of business processes in their design, improvement, implementation, or operation stages, as well as lead to cultural change within the process lifecycle. The intention behind Green BPM is the incorporation of environmental objectives into the management of business processes. To achieve this objective, BPM has to be extended by ecologically oriented complements, as are the consideration of environmental strategy as a part of the process strategy, or the awareness for energy consumption and pollution. Together with an earlier article consolidates several contributions of the BPM foundations in three underlying process change traditions: (1) the Quality Control tradition, (2) the Business Management tradition, and (3) the Information Systems (IS) tradition. These three traditions propose different approaches to business process change and each emphasizes some practices over others. Currently, there is a tendency of combining the various traditions in a comprehensive BPM approach.

238-251 3345
Abstract

In the past few years, there has been a sharp increase in the need for both conceptualizations and applied research on the current radical reformatting of urban mobility. Some of the emerging trends were unexpected and poorly predictable. And the formation of a new niche for rental services of electric scooters is perhaps the most vivid example. A whole new industry has emerged in the urban spaces of North America and Europe in a matter of months, demonstrating a tangible paradigm shift in the field of transport systems for reasons of both technological nature and cultural transformations.
The combination of the factors and trends that led to the changes that have already taken place is in itself of considerable interest. The non-standard logic of the economic efficiency for the sector of electric scooters sharing still causes a lot of controversy. Skeptics point to the possibility of unwarranted hopes for investors who have rushed into rapidly scalable venture projects. Optimists, on the other hand, insist that the fast-growing sector of electric scooter sharing is a natural new milestone for uberazation. The publication proposes a systematization of favorable conditions for the industry, especially in the context of current and promising technologies of industry 4.0, which, as argued, will allow the industry to survive, ensure operational and financial sustainability – and eventually gain a stable foothold within the updated configuration of multimodal urban transportation.
Moreover, there are already well-based hopes for a full-scale revolution of micro-mobility, as the development of small means of mobility in urban environments becomes both irresistible and irreversible. Especially significant improvements could be expected from platform solutions based on integration in applications of both individual offers of scooter sharing operators and multimodal packages. As in other forms of sharing economy, such technologies and tools like dynamic pricing, tariff optimization, reliability improvements, increasing autonomy of electrical engineering, integration, aggregation of user queries, neural networks, other techniques of Big Data uphold expectations that the competitive advantages of rental services of electric scooters will increase in the coming years.

252-260 3150
Abstract

The article reviews the issues of measuring the value of human life as well as the socio-economic costs of road accidents. The vast amount of car accidents and the high volume of road accident deaths reflect the relevance of this topic. According to research of international organizations, Russia’s road safety levels are close to those found in developing countries. This fact raises the need for developing a new policy on ensuring road safety based on scientifically objective measures of potential socio-economic effects. Namely, the article analyzes how the current approaches and methods for measuring the value of human life can be adapted to assess the effects of fatal road accidents.
The author was able to establish the most significant losses that occur from car accidents as well as the most widely applied methods used to quantify these costs. The conceptual framework of these methods relies on the Value of Human Capital and Willingness To Pay approaches. Among the main challenges of implementing these frameworks in Russia, the author cites the lack of statistical data that can be used to conduct these assessments.
As part of the literature review the author assessed both Russian and foreign academic papers, that have previously focused on the issues of measuring socio-economics effects in both developed and developing nations. By analyzing the best global practices on road safety measures, the author was able to establish the main shortfalls of Russia in this area. In conclusion, the author provides a set of recommendations on enhancing the current statistical evidence base and improving ongoing monitoring systems for assessing the socio-economic costs of road accidents.

262-273 1707
Abstract

This review makes a significant contribution to the study of the “learning-by-exporting” effect. The article offers a detailed overview of the various views and studies on the subject. The work helps to review the evolution in the field of learning-by-exporting research through bibliometric analysis. Thirdly, this paper focuses on the most cited publications, as well as on the work of the last two or three years. Also, this article discusses the relationship between the learning-by-exporting and the self-selection hypothesis.

274-283 10909
Abstract

In the global energy system, the fight against climate change, meeting the growing demand for electricity, using the opportunities gained through the fourth industrial revolution and affecting all sectors of the economy and the related qualitative changes in the characteristics of electricity demand become extremely urgent. In recent years, the general pace of innovation has been growing, while introducing innovation in the energy sector has become a complex long-term challenge. Digitalization of the electric power industry in Russia is one of the key objectives of the industry development.
The purpose of this study is to consider the existing classification of innovations from the standpoint of the electric power industry and to determine what qualitative and quantitative effects the introduction of innovations in the Russian electric power industry gives.
To calculate the effects, we used data from Federal State Statistics Service and the Russian Energy Agency, as well as annual public reports of the System Operator and data provided by NP «Market Council». An assessment is made based on optimistic and pessimistic scenarios. As the first, the highest values were taken, as the second – the lowest values according to experts' forecasts.
First proposed classification of types of innovations in the electric power industry related to changes in technology and changes in the market. The effects of each type of innovation are also calculated. The paper concludes that the effects of innovations due to changes in technology are more influential than innovations due to changes in the market.



ISSN 2618-947X (Print)
ISSN 2618-9984 (Online)