Development strategy
At present, the restructuring of the existing economic structure is carried out in the direction of the formation of a knowledge economy based on innovative reproduction of social capital, its increasing role and dominance of the financial component. At the same time, the emergence of a new economy in our country runs in parallel with the use of traditional production factors facing problems that are hereditary and stem from the resource model of the Russian economy. The article is devoted to the analysis of the situation in the country, the study of the dynamics of production factors under the influence of real inflation processes that lead to depreciation of the value of circulating money and taking into account the inflation expectations that form macroeconomic indicators and determine the activities of economic entities in the consumer and financial markets. Based on a comparative assessment of the projected inflation expectations submitted by various departments and independent experts and analysts, the authors justify the need to formulate an uniform calculation methodology to ensure comparability of data, since even small changes in inflation influence the decision-making in the field of macroeconomics when choosing a company development strategy. The integration of modernRussiainto the system of the global economy leads to the formation of ever new sources of obtaining additional profits isolated from the real sector of the economy and related to the application of administration power in the process of redistribution. The authors reveal the interrelations between the companies' striving for capitalization of value and income generation in the form of virtual financial rent, describe the features of redistribution of financial flows and liquidity of money, explaining the essence of the ongoing processes in the Russian economy, identify problems and directions for further research.
The positive and negative factors affecting the results of innovations in chemical technology (on the Republic Tatarstan example), the uneffectiveness of the functioning of small business as one of the innovations development institute are revealed. It is necessary to increase the efficiency of interaction between small businesses and other participants of the innovation process in the field of chemical engineering. The institutes of the innovations development in chemical technology is necessary for all sectors of industry for enhancing the competitiveness of products. The functioning of the institutes of the innovations development in chemical technology is considered on the example of theRepublicofTatarstanin 2010–2014. (A number of institutions of innovation has increased and amounts in 2016: big business – 156 units, small business – 36 units, research organizations – 36 units, 34 units – accredited (SEZ, technopolis, industrial parks, business incubators, industrial parks)). The correlation analysis (on the example of the statistics of theRepublicofTatarstanin 2010–2014) led to the conclusions: the results of innovations in chemical technology increases with a decrease in the cost of innovation in small enterprises. Results innovations in chemical technology are increasing: by increasing the number of new accredited subjects of innovation infrastructure; with an increase in the financing of innovation in-house, from the federal budget, other sources; with an increase in the number of scientific organizations and their scope of work performed; by increasing the number of used and developed advanced production technology; with an increase in the number of large enterprises engaged in innovation and innovation costs.
Corporate management
The article is devoted to the actual problem of the region’s development – the development of a balanced scorecard evaluation of primary energy re-sources for sustainable development of the fuel and energy complex of the region. The article gives the rationale for the formation of new approaches for the assessment of primary energy resources in the region, namely the use of the Balanced Scorecard. An algorithm for the development of a balanced scorecard evaluation of primary energy resources in the region to determine the sustainability of the development of the fuel and energy complex of the region. The approach to the structure’s primary energy assessment maps of the region, reflecting the interdependence and interaction of different indicators to measure primary energy. It is proposed to determine the degree of stability of development of the fuel and energy complex of the region on economic, technological, energy, social, environmental parameters, using the methodology developed in the Ural branch ofRussianAcademyof Sciences. In general, the proposed approach to the evaluation of primary energy resources for sustainable development of the region’s fuel and energy complex, you can: measure the actual value of an economic, technological, energy, environmental and social parameters of sustainable development of the fuel and energy complex of the region.
The article examines the current characteristics of the main trends of investment activity in the industry under conditions of reduced resources and the specifics of investment processes, which are carried out in industrial enterprises in the framework of crisis management, as well as the functions of the state management of investment activities, lists measures taken to improve state management of enterprises investment activity and the general sanation of the investment climate. Listed are the basic problems of regional administrations and investors in attracting investment resources . It is proposed to improve the state investment policy in the industry at the federal and regional level, with a critical rethinking of previous government investment activities. It is suggested to define the crisis of an industrial enterprise as loss of viability, proposed are steps and measures to be taken by the management in order to exit from the crisis. The core organizational priorities of the investment policy of industrial enterprises are mentioned. The financial and management aspects of the investment policy undertaken to improve competitiveness and sustainable development in the long period of industrial enterprise as a business entity are grounded. Specific methods to optimize the investment policy of industrial enterprise are suggested.
The article presents the author’s view of a management of joint-stock property companies with state participation. Such concepts as joint stock property, company with state participation, corporate management and the management mechanism of joint stock ownership in the companies with state participation are defined The model and the management mechanism of joint stock property in companies with state participation are investigated. The author believes that considering the unstable external situation, both theoritical and practical economists need to pay more attention to the management of joint-stock property companies with state participation taking into consideration that such companies harbor a large improvement potential. Keeping in mind that there exist many companies of such kind and that they present a substantial share in different branches these companies can become drivers of economy progress. The analysis of joint stock property allows to conclude that this property is characterized by some distinctive features: the owner possessing the property is actually separated from the management (in case when operational management is separated from the strategic one), a specific approach to forming and attracting the capital. The author suggests the model of joint stock company with state participation where the internal (property structure, incentive system, decision making system, capital structure, internal audit) and external mechanisms (legal regulations, external audit, mechanism of insolvency (bankruptcy), the corporate control market) are interlinked.. Proposals for the development of joint-stock property companies with state participation management mechanism based on the OECD club recommendations are suggested.
Business economics
The production of mineral fertilizers inRussiain the nineties has decreased two times due to the domestic market collapse and equals now the 25 years ago level. The expected growth of input of fertilizers production capacities in the coming years in the world and inRussiawill outstrip the demand leading thus to a serious competition on international markets. These circumstances clearly reveal the weaknesses of domestic producers. To be successful, manufacturers need to raise the production to a qualitatively new level, providing in the future the competitive advantages of the industry. Despite substantial resources mineral fertilizers enterprises are influenced by negative trends. For phosphate fertilizers production the limiting factor is raw material supply. There exist complicated relations between supplier and consumer of Apatite concentrate. This circumstance affected the operation of phosphate fertilizers enterprises inRussiaproducing less than 75 % of the 1990 year level. The article analyzes the reasons hindering the production growth, rational use of investment in the development of the industry and the possibility of export increase. The main negative reasons are: private ownership of mining raw materials enterprises operating as monopolies. The interests of the owners are at odds with the interests of the mineral fertilizers producers, thus not allowing to increase production. The lack of coherent long-term state programs of basic economy sectors development does not allow to plan modernization of enterprises operating on the domestic market. Irrational use of investment resources prevents modernization of outdated production capacity.
The article discusses various approaches to procurement of products for production needs, analyzes their advantages and disadvantages. It is shown that, in spite of expanding the practice of purchasing goods from the single source for modern industrial enterprises typical for Western countries in Russia approaches to alternative suppliers, competition of various bids of participants of procurement procedures are still preferable. When analyzing the problems at the micro level, a special importance of the stage of preparation for the purchases on which to assess the reasonableness of the transaction costs of the participants, their adequacy in relation to the parameters of the proposed transaction and current market conditions is paid. Since modern relationship of parties must not match a “zero-sum game” model, to ensure the efficiency of procedures the buyer should find a point of balance with participants. The author believes that procurement model which is popular today could be efficient mostly on short distances. Expansion of the bidders can increase the result, but in this case the organizer faces new risks and challenges. Therefore, in the long term as a more rational option for industrial companies appears the structuring relations with suppliers to use models of market purchases of materials of industrial purpose, more suitable for the development of partnerships. Industrial consumer needs to implement a balanced regulation of contractors crowd with forming a competitive environment of loyal suppliers.
Training of professional personnel
In the modern conditions of the economic recession and western sanctions the question of cardinal paradigm shift of Russia development is particularly acute, transition to the new principles of strategic planning of spatial development which cornerstone high quality of life of the population and high quality of a national human capital are very necessary. Russia needs the complex and system concept of the development strategy for the Russian national human capital and increase of its quality.
The article analyzes the methodological approaches to the definition of human capital and the methods for calculating this indicator. The authors consider the key aspects of the development of human capital theory, evaluating the contribution of classical scholars who participated in the development and creation of the concept. The most widespread approach of the human capital is based on the experience of international and national organizations such as the UNO, WEF, OECD and Analytical Centre under the Government of the Russian Federation. The main steps of development, sources of forming are allocated and classification of types of a human capital is presented.
Special attention is paid to the consideration of the method of calculating the human capital index Due to the rapidly changing conditions of the external and internal environment a particular interest arouse indicators involved in the calculation methods.
The evaluation method of the UNO human capital development level through the calculation of the human development index (its components and values) is more attentively scrutinized. Advantages and disadvantages of different approaches in determining the human capital development level are considered.
Formation and development of any economy in the modern world depend on the level of human capital development. Global changes, especially technological and demographic ones, have a significant impact on the labor market. The emerging new type of economy, called «economy 4.0», generates demand for new professions and skills. One of the global problems of our time is mismatch between skills supply and demand. New jobs and new skills are emerging, technology, innovation, demographic change and climate strategies generate new demands. Downturn and exit strategies accelerate economic restructuring. This will affect the type of skills needed. That is why strategic approaches to ensure a balance between supply and demand in the labor market have been changing. Models for forecast the economy’s needs in labor resources are developed practically in all countries in the world. The models allow to achieve balance between skills demand and supply for state, business, society and the education system. Moreover the models help to determine the quantity and quality of future skills for transforming economy. To recover speedily and tackle long-term labour market challenges, especially technological,Russiamust change using strategic approaches to meet the demand for new skills in the transforming economy. This study summarizes the strategies used in the national labour markets regarding different types of economics. The article includes also proposals on the improvement of the federal and regional policies in the field of labor and employment conditions in the fourth industrial revolution and new industrialization. This article summarizes the development of social dialog on the foreign labor markets. Social dialogue inRussianeeds to further develop in order to reflect and respond to the needs of more diverse economic and social situation. Social partnership is the best approach to regulate the labor market in the medium and long term perspective. The purpose of this article is to review the foreign policies of regulation of regional and national labor markets and the formation of recommendations for the Russian practice in a rapidly changing socio-economic realities.
Regional economy
One of the constituent elements ofRussia’s national policy is industrial policy, differentiated at the regional level, the effectiveness of which is a synergetic effect from the multiplication of regional effects. The achievement of the effect is ensured by the synthesis of theory and practice of management, in the interests of the development of which the rationale for innovation-oriented industrial policy is given, the basic principles of its implementation (complex and rational clustering) are supplemented, and the mandatory conditions (requirements) are substantiated. The scientifically based model is supplemented by an adaptive management mechanism containing: goals and objectives, methodology, forms and methods, tools. Regional industrial policy is largely determined by the industrial potential and its use, which are considered in interrelation and unity with the evaluation of their effective components. Industrial potential is considered as a synthesis of scientific, economic, technical, institutional, natural-resource potentials that require differentiation, which is provided by the assessment (calculation and measurement) tools based on nonformalized methodological approaches. The effective component of industrial potential management within the framework of the implemented regional industrial policy is considered in the unity of the goals of the strategy of social and economic development of the region.
The article considers the method to evaluate the efficiency of regional cluster strategy, supplemented by a financial component presented by the author. The issues of cluster structures and their classifications are discussed; for such concepts as: cluster, industrial cluster, regional economic cluster strategy and its components corresponding definitions are analyzed. A list of measures and programs stimulating increased financial flows is defined. An additional method to the effectiveness of regional economic cluster strategy at the stage of clustering is proposed.The effectiveness of strategies undertaken for regional innovation industrial clusters located in different major economic regions of Russia, in particular, in the Republic of Bashkortostan, Sverdlovsk region and the Far East is evaluated. In spite of almost the same period of creation, it is proved that they are at different stages of the life cycle. This fact significantly affects the structure of financial flows. The specialization clusters caused by different natural and economic potential of the regions is manifested in specific characteristics thus also affecting the financial state of the cluster and its main element – the core. In the article only those cluster management structure are considered which can be represented by the conceptual model of clusters «Pearl» developed by the leadership of the European Union. This model mostly sufficiently reflects the trends in the field of cluster management and the organization of their financial management. The analysis comes to conclusions reflecting the patterns of cluster development and its impact on financial and economic condition of the region. The accuracy is confirmed by data of retrospective analysis collected before the clustering and three years after the cluster formation.
The economy of the CIS countries
The article discusses issues regarding regional aspects and development priorities of industrial production inTadjikistanRepublic. The contemporary state of Tadjikistan industry and its position in republic’s GNP is analyzed. Disproportions in industry development both on the country’s as well as on regional levels are disclosed. It is shown that the uneven development of regions is connected with a number of factors, including different level of adaptation to market conditions, infrastructure specificity (logistic, labor resources, energy availability etc).. Besides, the uneven development of industry in regions depends substantially on the state management, to mention only the reduced investments volume and cancellation of economy and social compensations.. The statistics reveal a negative trend in the industrial production share in GNP, the share has fallen from 38,1 % in 2001 down to 13,6 % in 2014. The mathematic models expect the forecast GNP growth to outstrip the industrial production growth, thus pointing at the necessity to secure the outstripping industry growth.. The structural disproportion in industry development in different regions presents a factor hampering to introduce management decisions aiming to enhance the innovative development of regional economy and to ensure thus the necessary stabilization of social environment in the country.
ISSN 2413-662X (Online)