Development strategy
It is proved that in the important substitution issue the raising of economy safety of the country presents the most important instrument, especially under economic sanctions situation.
Statistics reveals that the machine and equipment import covers 70–80 per cent of the total consumption.
The technical backwardness of the Russian machinebuilding industry being systematically underpaid is the main reason of the equipment import.
In the time span 2005–2015 the civil machine building remained underdeveloped. It is suggested to expand the import substitution scale, next to the active state support (the industry development foundation, IDF), by investments attracted through stateprivate partnership as well.
Principles of state-private partnership mechanism, including different levels of the state support, are presented.
As the first level of the state support establishing the state bank of key information referring to the specific import substitution projects is recommended.
State authorities can provide a deeper participation, for instance through guarantee of returning a share of expenditures in case of possible risks, in providing certain advantages by creation and use of project infrastructures and participation in product export sale.
The current state of managerial science is based on the wide application of the system approach in the management of an economic entity, which implies focusing on the internal interrelations between its elements in the formation of a development strategy and the need to diversify the system as a whole when changing the parameters characterizing the entrance to it. In this regard, the management of the development of city-forming organizations in order to ensure the financial stability of the mono-profile municipal entities on whose territory they function is an instrument for achieving the country’s socio-economic development plans as it covers approximately all branches of industrial production, affecting interests of over 10 % population of the country living in Russian single-industry towns.
The aim of the research is to form theoretical views on the problem of managing the development of cityforming organizations based on the achievements of modern strategic management science and the specific features of the city-forming organizations operating in the municipal economy system.
The article highlights the presence of two control systems: external and internal, inextricably linked with the program documents of the Government of the Russian Federation, aimed at overcoming the crisis phenomena in the country. In addition, possible options for the development prospects of the city-forming organizations are considered depending on their belonging to a particular category of single-industry towns and the investment attractiveness of the regions in which they operate.
Taking into consideration the account modern trends in management, the article considers the possibility of using the «model of creating perceptions» when developing a strategy for the development of cityforming organizations.
The authors recommend possible options of metallurgical enterprises strategies, allowing account both classical development models and specific features of economic entities operating in the territory of singleprofile municipal entities.
Historically, the outstanding role of cities in the spatial organization of the state is to create reference points for the spatial development of the economy. «Smart City» is a new kind of city that provides sustainable growth and stimulates high-tech economic activity, thus reducing the burden on the environment and improving the quality of life of the population. To be effeciently modernized the Russian economy requires the concentration of resources and the formation of strong points of «smart» economic growth with a certain industry specialization throughout the country.
The article is devoted to research the approaches and best practices of application of the concept of «smart city», allowing to increase the efficiency of various parts of city infrastructure, which in turn become the motor and the core of innovative technologies introduction. Presented are conceptual and practical approaches to understanding the category of «smart city» and its interpretation in the modern world. The paper describes the structure of the «smart city», its most important and inalienable elements, their functions. In the course of the research, world examples of the «smart cities» development, the introduction of «smart» technologies, as well as the most successful projects and smart solutions in Russian practice were analyzed. Key success factors, existing requirements and possible prospects for the development of the considered concept were identified. It is concluded that it is advisable to introduce the technologies in Moscow and St. Petersburg. The preliminary rating of «smart cities» of Russia is considered, their strong and weak points are highlighted. In the context of international experience of different countries and economic systems, conclusions are drawn about the key ways to implement the «smart city» concept.
Financial management
Business economics
The article considers the methodological approach to assessing the impact of technological innovation on the maximization of enterprise value in the justification of the variants of its innovative and technological development. Identified deficiencies of earnings to use it as a criterion for making long-term management decisions. Shows a variety of estimates of the cost of the enterprise is presented and used in practice approaches to the assessment of its value, identified their strengths and weaknesses. The main task of cost management of enterprises. The basic indicators of assessment of value and is preferred for Russian companies method of assessment of fundamental value. It is shown that for determining the fundamental value of an enterprise should use methodologies financial forecasting. Identified shortcomings of existing financial models to maximize value of the enterprise based on the use of Excel spreadsheets. For calculating future net cash flows is proposed to use the developed simulation model of enterprise development of the analytical type. Determined that such a model can be used to select the best option for innovative-technological development of industrial enterprises. Proposed procedure for calculating the level of impact of technological innovation on the increase in value of the enterprise in the process of conducting a retrospective structural analysis of innovative activity of industrial enterprises.
The paper theoretically grounded and offers an original approach to solving the problem of the division of profit from mining activity on the rent and profit of enterprise, a decision which will make it possible to develop an adequate rent relations mechanism for the creation of a favorable investment climate in the mining industry, and as a result, motivation and investment incentives.
In this article the aim is to formulate a theoretical basis and assumptions for the development of a specific method of allocation of rents, in particular peat rents, profits from the mining companies, as well as to identify the factors that determine the size of the rent generated by a substance in the course of mining activities.
As a methodological framework to achieve stated goals and solving the problems, the use of historical and logical research methods, system analysis and provisions of the economic theory of the nature and forms of manifestation of rent relations in the extractive industries.
The article formulates scientifically based proposals for the development of methods of separation of produced surplus product, helps out in the form of profits in the process of alienation on the part of it which is due to the quality of deposits and is the substance of the natural rent, and another part, which is the substance of business income and depends the quality of the entrepreneur’s management – the subsoil user.
The findings are important, above all, in scientific terms, since they allow to move forward in the development of the conceptual issues of using the rent and rent relations in the formation of investment – attractive climate in the subsoil, and in particular, in the peat industry. In practical terms, they are a theoretical platform to create an effective mechanism regulation of rental relations and tax administration as the most important factors that determine the motivation to invest in the peat industry.
Regional economy
Training of professional personnel
The article examines the content of federal state educational standards of the fourth generation, the approval of which began in 2017. Educational programs developed on the basis of new standards will already take into account the provisions of relevant professional standards. On the basis of professional standards, the professional competencies of graduates will be formed. Examples of professional standards for the work profession and specialist (site masters) are considered.
The relationship between education and the economy is shown. For the further development of the country, technical rearmament is necessary, which is impossible without the training and retraining of qualified personnel. Proposals have been formulated to improve the content of educational standards and use professional standards in the educational process.
Statistical data describing the state and results of the metallurgical industry activity are given. The necessity of «saturation» of metallurgical enterprises with personnel capable of ensuring its further development is shown.
Proposals are made to improve the training of graduates of universities.
The economy of the CIS countries
The article is devoted to the economic development of Uzbekistan. It reflects the country’s achievements in the sphere of economic reforms demonstrated on the basis of Uzbekistan’s economic policy main indicators analysis and Uzbekistan development during its independence.
This article contains a detailed analysis of changes and trends in the economy of Uzbekistan, the growth rate of the country’s GDP, examines the main macroeconomic indicators, analyzes the implementation of reforms, and reflects the priorities for the economy development as a whole. The article characterizes the main directions of the Program for Reform, Structural Transformation and Diversification of the Economy for 2015–2019 period, the modernization, technical and technological re-equipment of The results of economic reforms to localize the production of finished products, components and materials are confirmed through. concrete data.
The article describes the progress achieved by - Navoi Mining and Metallurgical Combine one of the leading and promising enterprises of the mining and metallurgical industry of Uzbekistan in the field of localization of finished products, components and materials production. The statistical data and perspective directions of development of production activity for the medium-term perspective are presented.
Special attention is paid to the organization of activities and the development of small business and private entrepreneurship in the country and their role in shaping the GDP structure.
World economy
ISSN 2413-662X (Online)