Greeting of the Editor-in-Chief
Theory and practice of strategy
The exhibition industry, despite its relative novelty, is actively developing and interacting with all sectors of the global and national economies. International exhibitions offer producers and exporters ways of developing new markets, displaying samples of goods, services and technologies. For the government, supporting exhibitors, both inside the country and internationally, has turned into one of the organizational forms of pursuing their most important economic interests. Due to the objective trends and in furtherance of national interests it has become necessary to develop a strategy for the development of the exhibition and trade fair industry, to determine its priorities with competitive advantages and to create integrated program/projectbased mechanisms for its implementation. A current trend in the development of the new industry consists in various forms and methods of its support at both the federal and regional levels. The issue of regulation and standardization of the exhibition industry, and training professional personnel has also been on the agenda. The fragmentary and discrete approach to creating standards for exhibition and fair activities should be replaced by comprehensive management. At the national level, it is also necessary to implement a systemic unified approach to financial motivation and compensation for costs of participation in exhibitions, and to use other support measures as aimed at both organizers of international exhibitions and exhibition facilities. The specified development trends of the brand-new exhibition and trade fair industry are being discussed in this paper.
Industrial management
This article describes the various approaches to the analysis of the current situation and the justification of the further development prospects of the Russian industry represented at the round table on June 21,2018 inthe State Duma of Federal Assembly of the Russian Federation on a subject: «Legislative providing industrial policy of the Russian Federation: technologies, innovations, investments». Attention had also been drawn to issues requiring the globalization, the industrial development inequality of the countries of the world and the Russian regions, the dependences of economic growth on the state of the knowledge economy, the industrial and monetary and credit policy interrelations, the changes in the system of the state regulation of the Russian industry, the business moods, the technological updating results of the industrial enterprises, the features of the investment projects financing in Russia and in industrialized countries, the prospects of the introduction in Russia of the digital technologies of the industrial production management. Among offers of the situation significant improvement there are: the providing for the economic relations participants of the equal competitive opportunities; the completion of the Federal law «About Industrial Policy in the Russian Federation», the involvement in the economy of free money, the updating on the basis of the problems settlement with the financing of the enterprises of the fixed assets, the selective development of the import substitution, the distribution of the positive experience of the successful industrial companies. The author points to a need of the involvement in the discussion and the other important questions concerning the comprehensive analysis of the reasons of the serious lag of the Russian enterprises from the enterprises of the industrialized countries generating the negative consequences; the labor productivity at the industrial enterprises of the different countries of the world and factors of its growth; the influences of the developed bureaucracy, the administrative barriers, the corruption on a situation in the various industries, the applications of the concept of the economical production, the energy productivity and a resource conservation, etc.
The article considers the evolution of the term «sustainable development» in the context of the United Nations (UN), identifies inaccuracies and contradictions. The paper investigates the reflection of the UN concept of sustainable development in the national legislation of Russia, reveals the high variability of the used combinations of the terms «sustainability», «development», and the lack of definitions, limiting the understanding and the possibility of application of the considered norms. It is proposed to consider people as an economic category separately from the factors of production, since such categories as labor; management, scientific, entrepreneurial, intuitive and creative abilities; goodwill – are unique characteristics of the person, due to socio-cultural, medical, biological and environmental factors. On the basis of consideration of interrelations in the system «biosphere-society-stateeconomy-industrial complex «the author's definitions of the terms» sustainable development of the militaryindustrial complex (MIC) «in the broad and narrow sense,»the mechanism of sustainable development of the MIC» are proposed. The term «sustainable development» in relation to the functioning of the military-industrial complex (MIC) is understood by us as the ability of the defense industry system to achieve its goals indefinitely, to develop integrity and improve, while having the ability to resist the external influence that prevents it. The mechanism of sustainable development of the military-industrial complex, including the algorithm of sustainable development and levels of sustainability. The absence of applicable to the military-industrial complex techniques, methods, criteria, measures and standards of sustainability of development is revealed, the system of characteristics is proposed. It is proposed to use predictive-corrective management method for sustainable development of the defense industry, as providing the highest quality. The necessity of transition to a new social paradigm of understanding the role of the economy in the considered system of interrelations.
Public procurement is a category of the modern economic system. They have a great influence on the formation of the innovative potential of the country and the regions. The state has a powerful management impact due to the modern system of public procurement. The state optimizes budget expenditures, minimizes uncontrolled costs, regulates prices for socially and economically important groups of goods. Public procurement is a complex innovative system. It includes elements: planning, formation and carrying out of purchases, the conclusion of the contract, the control of fulfillment of obligations between the customer and the supplier. The procurement system unites relations between authorities, legal and private persons. The process of public procurement is complex. He constantly undergoes changes and additions. According to the current Russian legislation, the procurement of goods, works or services is divided according to the subject matter into two groups: 1) purchases carried out by government customers to ensure state and municipal needs, controlled by Federal Law No. 44-FZ of 05.04.2013, and 2) carried out by certain types of legal entities or corporate purchases, controlled by Federal Law No. 223-FZ of July 18, 2011. State and municipal procurement are a tool for effective impact on the development of the economy. They perform the most important functions: regulative, reproductive, stimulating, social, innovative. Thus, the study of the public procurement system today is a significant and relevant issue in the field of economic research.
Business economics
The key factor influencing radical structural changes in the economy is innovation. In this regard, the question arises about the assessment of the ability of industrial enterprises to innovate, i.e. innovation potential, which refers to the totality of resources needed to implement innovation. Innovation potential contains a number of components, depending on the type of economic activity of an economic entity. Based on the analysis of existing methods of assessing the innovative potential of industrial enterprises, most often the assessment is limited to the methodology of expert assessments, which is subjective and does not reflect the real situation. The classification of the components of innovation potential and a set of indicators that assess its state are not sufficiently presented. The article presents a set of indicators for assessing the innovative potential of the enterprise and the classification of enterprises in terms of innovation potential. And in conclusion, the algorithm of the proposed methodology for assessing the innovative potential of the enterprise is presented.
In the majority of works connected with research of reliability of production and other technical systems the Kolmogorov axiomatics is applied. The corresponding analytical apparatus allows to solve problems of maximization of probability of performance of production tasks (for example, daily schedule of steel smelting or monthly production plan). Evaluation of reliability of both production and information systems is a mandatory procedure in their design and is based on the construction of a special structural scheme, called the system model for calculating its reliability. It should be noted that Kolmogorov’s axioms are formulated for a system consisting of two elements. The corresponding graphical explanation of axiom equity is based on an imaginary experiment on a random drop of a certain point on a unit square, inside of which there are two intersecting
circles whose planes are proportional to the probability of reliable operation of the corresponding elements. But there is no mention that the centers of circles should be at a certain distance from each other. In this paper, for the known Kolmogorov axioms underlying the classical probability theory, their analytical conclusion is given.
Financial management
Comparative analysis of domestic and foreign methods of bankruptcy diagnostics allowed to offer key determinants for modeling the probability of bankruptcy taking into account the industry specificity of mining and metallurgical companies. On the basis of a generalization of the results of the correlation analysis, a high interrelation between indices of industrial production and indices – indicators of the probability of bankruptcy of these companies was revealed. The possibilities of monitoring the evaluation of indicators obtained on the basis of financial statements. Monitoring of calculated coefficients is necessary to ensure the reliability and sustainability of companies’ work and is a forecasting mechanism that allows to predict changes in the financial situation in the future. The bankruptcy probability assessment was carried out for a group of enterprises including: Рublic Сompany Vysokogorsky ore mining and processing enterprise, Рublic Сompany Bashkir coppersulfur plant, Рublic Сompany Pechenganikel being a production unit of Kola Mining and Metallurgical Company OJSC and Рublic Сompany Severstal, RUSAL. As a result of the conducted research of the five largest companies of the mining and metallurgical complex, based on the indicators of the probability of bankruptcy, proposals have been developed for the system of indicators for inclusion in the discriminant model of forecasting bankruptcy, which will improve the accuracy of the results of diagnosing insolvency risks of companies. In addition, a basic algorithm is proposed that reflects the scenario of controlling the risk of bankruptcy for the companies of the mining and metallurgical complex.
Environmental economics
At the moment, inRussia, entering the next stage of economic development, which is based primarily on the use of natural resources, a new environmental policy must be developed, an integral part of which is the protection of nature, natural ecosystems and their basis – biodiversity. Based on the Convention on Biological Diversity, a number of measures have been proposed within the framework of the National Biodiversity Strategy inRussia, with the help of which the whole process of conservation of natural ecosystems in the country should be carried out. Unfortunately, up to now the proposed measures are practically not applied in practice, and first of all it concerns the economic levers of biodiversity conservation. So the economic regulation of the protection and use of wildlife, among other things, includes: accounting and economic valuation of objects of the animal kingdom; an economically justified system of payments for the use of wildlife; budget financing of measures to protect and reproduce natural ecosystems; economically justified system of fines and claims for violation of the legislation of the Russian Federation. At the same time, economic incentives for the protection, reproduction and sustainable use of wildlife include: the establishment of tax and other benefits granted to legal entities and citizens that ensure the protection, reproduction and sustainable use of wildlife, as well as the protection and improvement of their habitat. Based on this, it can be said that the purpose of these activities is to improve the environmental management process in industrial regions based on the development of an economic regulatory mechanism and an environmental and economic assessment of conservation of biological diversity as the basis for the existence of natural ecosystems.
The article has indicated by the problem of assessing the effectiveness of investment projects of development of mineral resource base in the face of declining quality of raw materials and the transition to the working out of deposits with low content of useful components. The problem of providing with raw materials is relevant for the ferrous metallurgy of theRepublicof Uzbekistan. The decision can be the development of a deposit of titanium-magnetite ores «Tebinbulak» with low iron content. Justification of the effectiveness of such a project requires the use of modern tools. The article has substantiated the possibility of using real options to assess the economic efficiency of investment projects to develop the mineral resource base. In this paper we have considered the concept of real options in relation to the field of investment projects to develop the mineral resource base, have developed a classification of possible options in this area. To assess the value of real option of the project of develop the mineral resources base we have proposed to use Black– Scholes model, have given the interpretation of elements of model in relation to this sphere. On an example of field development project titanomagnetite ores «Tebinbulak» has evaluated the strategic value of the project with realigning option expectations.
Human resources management
In recent years, there has been a noticeable increase in implementation of business models based on the principles of sustainable development in order to provide harmonious joint development of human resources, organizational culture and technical production systems. In this paper we analyze the impact of human resource management practices, the energy saving culture and employee knowledge in the field of energy efficiency on the ability of Russian industrial enterprises to achieve energy management goals. The methods used include factor analysis and modeling of structural equations (SEM); the authors developed a questionnaire for measuring the influence of internal intellectual factors: human resources, culture, and knowledge on the energy efficiency of industrial production. For the first time in the literature, based on the SEM method, the impact of human resource management practices on energy performance has been assessed. The empirical base of the research includes the materials of a managers and technical specialists survey in 14 Russian industrial companies in the period from 2016 to the spring of 2017. The results of the analysis show that employee training, the development of energy efficiency competencies and the internal exchange of knowledge on energy conservation issues have a significant impact on the achievement of energy policy objectives by enterprises.
The beginning of the XXI century is marked by the advent of the digital economy. In order to achieve the expected results from the digital revolution in economic and social terms, it is necessary to develop a mechanism for managing the digital transformation of the economy, in the implementation of which representatives of all stakeholders must take an active part: the state, business, education system, civil society. There are quite a lot of forecasts of negative consequences of the fourth industrial revolution, namely its latest technological achievements – robotics, digitalization, artificial intelligence, etc. – on the state of employment in the labor market on the scale of a single country and the entire global space. The constructive dialogue of the participants in the digital transformation should be based on the analysis of the impact of technological progress on employment in several aspects: short – term – temporary increase in unemployment due to the discrepancy between the structure of demand and the structure of labor supply; long-term-on the progressive reduction of demand for labor due to its technologization. The article focuses on the need for high-quality training of qualified personnel, demanded by the labor market and the real sector of the economy, the relevance of competencies which will be maintained in the long term. The author emphasizes that at the same time that technological progress leads to the elimination of «old» professions, it also dictates the need for the emergence of fundamentally new professions and the creation of new jobs, the effect of which can be significantly higher. The conducted research allowed to identify the prospects and possibilities of the technological transformation in the various sectors of the economy, at the same time stresses the need to undertake analysis of its economic feasibility in relation to the specific features of each company. The analysis of digital transformation of the industry has allowed to reveal new progressive business models, the axis of which are digital technologies.
The economy of the CIS countries
This papers looks at the use of this tool of management accounting, as separate records, with the purpose of increase of efficiency of activity of LLP «Institute of mining technology and drilling KazMunayGas (LLP scientific research Institute TDB KMG). It is shown that for the implementation of separate accounting of enterprises, the complex database should contain the following components – accounting, tax reporting, financial reports, statistical reports, marketing reports and research, external sources of specific information. During the analysis it indicates that the main problems in planning the activities of LLP scientific research Institute TDB KMG are: the subsequent approval of the production program (the production program is apparently not before the beginning of the reporting period, and during the reporting year, and sometimes in the second half), the need to make constant adjustments; the late signing of orders for contracts (at the end of the work), the lack of clarity in the tariffs of projects; there is no clear distribution of work between structural units, employees. In this sense, first, the decision on the sufficient staffing of departments and reduction of existing jobs; second, created separate services for the chemization and protection of the environment, in which the state-production Department were withdrawn these professionals. This will significantly increase the productivity of environmentalists and chemists; third, specialists in economic analysis are removed from the structure of the production Department and the Department of Finance and accounting and transferred to the new Department-the Department of budget and economic analysis. These management decisions you could increase the final profit by more than 100 million tenge, and the cost of 1 person-hour can be reduced from 16 590 to 16 122 tenge/hour.
ISSN 2413-662X (Online)