A model of economic stability for metallurgical companies under conditions of economic transformation and sanction risk
- Authors: Kostyukhin Y.Y.1, Sidorova E.Y.2, Lebedeva D.V.2
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Affiliations:
- Bauman Moscow State Technical University
- RUDN University
- Issue: Vol 31, No 2 (2023): CHALLENGES FOR SUSTAINABLE DEVELOPMENT: GLOBAL PARTNERSHIP IN A NEW ENVIRONMENT
- Pages: 211-220
- Section: INDUSTRIAL ORGANIZATION MARKETS
- URL: https://journals.rcsi.science/2313-2329/article/view/324328
- DOI: https://doi.org/10.22363/2313-2329-2023-31-2-211-220
- EDN: https://elibrary.ru/BBFULJ
- ID: 324328
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Abstract
Transitioning to a new model of economic growth during economic transformation and sanctions risks is challenging. Such change requires effective decisionmaking and management of strategic business zone portfolios and evaluating proposed organizational pivots. This article discusses the internal and external impacts of possible risks on metallurgical enterprise activities. Based on the data obtained, we identify possible threats that need to be integrated into new enterprise strategy. Drawing upon this data, this study proposes a strategic organizational pyramid that divides the company’s development strategy into four levels of impact: corporate, financial, functional and operational. These levels emphasize the degree of risk impact and aim to improve the strategy at all levels. The study assesses the potential of the phases of the life cycles of the enterprise. Finally, we compile the design indicators of the economic efficiency of the proposed strategies to increase the value of the company in the face of new risks.
About the authors
Yuri Yu. Kostyukhin
Bauman Moscow State Technical University
Email: kostuhinyury@mail.ru
ORCID iD: 0000-0003-2108-0241
Doctor of Economic Sciences, Professor, Professor, Department of Innovative entrepreneurship
5, build. 1, 2nd Baumanskaya St, Moscow, 105005, Russian FederationElena Yu. Sidorova
RUDN University
Email: ejsidorova@yandex.ru
ORCID iD: 0000-0001-5823-8458
Doctor of Economic Sciences, Professor, Professor, Department of Finance and Credit of the Faculty of Economics
6 Miklukho-Maklaya St, Moscow, 117198, Russian FederationDaria V. Lebedeva
RUDN University
Author for correspondence.
Email: lena_leb-61@mail.ru
ORCID iD: 0000-0003-4555-5707
Candidate of Economic Sciences, Associate Professor of the Department of Finance and Credit of the Faculty of Economics
6 Miklukho-Maklaya St, Moscow, 117198, Russian FederationReferences
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