Strategies of the russian companies in difficult economic conditions

Studying the performance of industrial companies in difficult economic conditions represents an actual scientific objective given that Russian companies are faced to identify new ways of development in the conditions of sanctions of the Russian economy and instability of economic development. The ar...

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Autor principal:	A. V. Stepanyan
Formato:	article
Lenguaje:	RU
Publicado:	Real Economics Publishing House 2018
Materias:	strategy industrial company sanctions recession innovative strategy crisis anti-recessionary strategy strategic adaptation Risk in industry. Risk management HD61
Acceso en línea:	https://doaj.org/article/8837b33e527042a28f66b51f6e23e149
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spelling	oai:doaj.org-article:8837b33e527042a28f66b51f6e23e1492021-11-19T10:42:00ZStrategies of the russian companies in difficult economic conditions2618-947X2618-998410.17747/2078-8886-2018-2-26-37https://doaj.org/article/8837b33e527042a28f66b51f6e23e1492018-07-01T00:00:00Zhttps://www.jsdrm.ru/jour/article/view/769https://doaj.org/toc/2618-947Xhttps://doaj.org/toc/2618-9984Studying the performance of industrial companies in difficult economic conditions represents an actual scientific objective given that Russian companies are faced to identify new ways of development in the conditions of sanctions of the Russian economy and instability of economic development. The article includes generalization of the factors and conditions determining "difficult economic conditions"; definition of threats and opportunities of the Russian industrial companies; the description of the strategies already accepted by the companies in difficult economic conditions The article also includes the comparative analysis of substantial aspects of strategy of the Russian industrial companies. It appears that the most widespread strategy applied by the Russian industrial companies in the conditions of recession, especially in short-term perspective is the retrenchment strategy. The imposed sanctions and the state policy of import substitution are regarded as the stimulus for the industrial companies to revise the structure of the asset portfolio, to focus on reduction of operational costs and divestment of non-core assets. At the same time, the reduction of costs and assets reduces further capability of the industrial companies for growth and development when the conditions improve and revert to positive trend. The analysis of the strategies of Russian industrial companies identified four groups of strategies applied in difficult economic conditions: moderate product diversification; group protective diversification; rationalising diversification; conservative rationalization. It should be noted that no clear significant relationships were found between recession strategy types and recovery performance. This highlights the diversity of business responses to recession conditions and the uncertainty of subsequent performance outcomes.A. V. StepanyanReal Economics Publishing House articlestrategyindustrial companysanctionsrecessioninnovative strategycrisisanti-recessionary strategystrategic adaptationRisk in industry. Risk managementHD61RU Strategičeskie Rešeniâ i Risk-Menedžment, Vol 0, Iss 2, Pp 26-37 (2018)
institution	DOAJ
collection	DOAJ
language	RU
topic	strategy industrial company sanctions recession innovative strategy crisis anti-recessionary strategy strategic adaptation Risk in industry. Risk management HD61
spellingShingle	strategy industrial company sanctions recession innovative strategy crisis anti-recessionary strategy strategic adaptation Risk in industry. Risk management HD61 A. V. Stepanyan Strategies of the russian companies in difficult economic conditions
description	Studying the performance of industrial companies in difficult economic conditions represents an actual scientific objective given that Russian companies are faced to identify new ways of development in the conditions of sanctions of the Russian economy and instability of economic development. The article includes generalization of the factors and conditions determining "difficult economic conditions"; definition of threats and opportunities of the Russian industrial companies; the description of the strategies already accepted by the companies in difficult economic conditions The article also includes the comparative analysis of substantial aspects of strategy of the Russian industrial companies. It appears that the most widespread strategy applied by the Russian industrial companies in the conditions of recession, especially in short-term perspective is the retrenchment strategy. The imposed sanctions and the state policy of import substitution are regarded as the stimulus for the industrial companies to revise the structure of the asset portfolio, to focus on reduction of operational costs and divestment of non-core assets. At the same time, the reduction of costs and assets reduces further capability of the industrial companies for growth and development when the conditions improve and revert to positive trend. The analysis of the strategies of Russian industrial companies identified four groups of strategies applied in difficult economic conditions: moderate product diversification; group protective diversification; rationalising diversification; conservative rationalization. It should be noted that no clear significant relationships were found between recession strategy types and recovery performance. This highlights the diversity of business responses to recession conditions and the uncertainty of subsequent performance outcomes.
format	article
author	A. V. Stepanyan
author_facet	A. V. Stepanyan
author_sort	A. V. Stepanyan
title	Strategies of the russian companies in difficult economic conditions
title_short	Strategies of the russian companies in difficult economic conditions
title_full	Strategies of the russian companies in difficult economic conditions
title_fullStr	Strategies of the russian companies in difficult economic conditions
title_full_unstemmed	Strategies of the russian companies in difficult economic conditions
title_sort	strategies of the russian companies in difficult economic conditions
publisher	Real Economics Publishing House
publishDate	2018
url	https://doaj.org/article/8837b33e527042a28f66b51f6e23e149
work_keys_str_mv	AT avstepanyan strategiesoftherussiancompaniesindifficulteconomicconditions
_version_	1718420204352962560

Strategies of the russian companies in difficult economic conditions

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