Economics and management of enterprises

Innovative approach to strategic management of machine-building enterprises

Economic Annals-XXI

Economic Annals-ХХI: Volume 157, Issue 3-4(1), Pages: 94-96

Citation information:
Androsova, I., & Simonenko, E. (2016). Innovative approach to strategic management of machine-building enterprises. Economic Annals-XXI, 157(3-4(1)), 94-96. doi: https://doi.org/10.21003/ea.V157-0029

View Full-TextDownload PDF

Irina Androsova
PhD (Economics),
Associate Professor,
Regional Economy and Management Department,
Southwest State University
94, 50 Let Oktyabrya Str., 305040, Kursk, Russia
androsova.irina@rambler.ru

Elena Simonenko
PhD (Economics),
Associate Professor,
Regional Economy and Management Department,
Southwest State University
94, 50 Let Oktyabrya Str., 305040, Kursk, Russia
simonenkol@mail.ru

Innovative approach to strategic management of machine-building enterprises

Abstract. Introduction. The article covers the issues of innovative approach to the national machine-building industry development. National economic success is predicated upon the ability of national enterprises to manufacture high technology products competitive on a global scale. The advance of Western European economies rests foremost on the up-to-date material and technical basis as well as innovative technologies involved; those are the first order conditions ensuring economic efficiency growth. The state of national machine-building complex is one of the key indicators to evaluate social and economic growth of a country. It ensures sustainable performance of the main national economic sectors. As a part of the current economic reforms, active advancement of innovative processes leads to dramatic changeover in technical, administrative and economic policy of economic entity development, and therefore directly affects the performance of machine-building enterprises. Purpose. To contribute to solving the problems of machine-building enterprise’s innovative capacity assessing. Results. The authors give an overview of innovative development rates in different countries. They present an algorithm to assess the rate of innovative development of a machine-building company which is instrumental to estimate its innovative capability. Innovation-centric management strategies of machine-building enterprise have been proposed. Conclusion. Machine-building enterprise management is deemed to be focused on innovative approaches implementation. That shall improve the main national measures which allow elaborating various strategic scenarios of national machine-building sustainable development.

Keywords: Innovations; Management; Machine Building; Industrial Enterprise; Algorithm; Innovative Development

JEL Сlassіfіcatіon: F4

Acknowledgement. The research was carried out within the Sate Scientific Task No. 26.2671.2014/K «Theoretical and methodological basis for the development and implementation of a cluster-based policy at the regional level and scientific and methodological foundations of the structural benchmark tools for the regional social and economic system».

DOI: https://doi.org/10.21003/ea.V157-0029

Reference

  1. Nilov, A. (2015). Particular aspects and factors of building-up a system of innovation management in machine-building. «Nauka-rastudent.ru», 05(17).
    Retrieved from http://nauka-rastudent.ru/17/2677 (in Russ.)
  2. Ivanchenko, O. (2011). Innovative machine-building development: present-day assessment and methods of achievement. Vlast i upravleniye na vostoke Rossii (Government and management in the east of Russia), 3, 13-21 (in Russ.).
  3. Aaker, D. A. (2004). Strategic Market Management (7th ed.). New York: College of Social Science and Management.
  4. Ansoff, I. (1984). Implanting Strategic Management. N.J., Englewood Cliffs: Prentice Hall.
  5. Andriole, S. J. (2006). Best Practices in Business Technology Management (1st ed.).  Florida: CRC Press.
  6. Gerber, J. (2007). International Economics (4th ed.). Upper Saddle River: Prentice Hall.
  7. Hitt, M. (2014). Strategic Management: Competitiveness and Globalization – Concepts and Cases (11th ed.). Washington: South-Western College Pub.
  8. Riggs, J., & Felix, G. (1983). Productivity by objectives. Upper Saddle River: Prentice Hall.
  9. Rothwell, R. (1994). Industrial Innovation: Success, Strategy, Trends. The Handbook of Industrial Innovation. M. Dodgson & R. Rothwell (Eds.). Aldershot: Elgar.
  10. Thompson, P. (2010). Learning by doing. In В. Hall & N. Rosenberg (Eds.), Handbook of Economics of Innovation (рр. 223-257). Vol. 1. (1st ed.). North Holland: Publisher.
  11. Аbalkin, L. I. et al. (2011). Economy of civilizations in global scale. Monograph. А. Porokhovskyi and V. Tarasevich (Eds.). Moscow: National Metallurgic Academy of Ukraine; Economic Faculty of Moscow State University named after M. Lomonosov (in Russ.).
  12. Bendikov, М. А., Frolov, I., & Khrustalyov, E. (2006). On theoretical basics for investigation of the innovative sphere of economy. Issue WP/2006/203, reprint. Moscow: Russian Academy of Sciences; Central Economic and Mathematical Institute (in Russ.).
  13. Vertakova, Yu. V., & Plotnikov, V. A. (2013). Theoretical Aspects of Considering the Dynamic Characteristics of Socioeconomic Systems in the Management of Regional Development. Regional Research of Russia, 3(1), 89-95.
    doi: https://doi.org/10.1134/S2079970513010127
  14. Zakharova, М. I. (2014). Rationale for the need to develop systems of innovation management in companies. Molodoi uchenyi. (Young Scientist), 3, 415-417 (in Russ.).
  15. Laktyushina, О. V., & Lysenko, А. N. (2013). System of innovation process management in machine-building. Vestnik Astrakhanskogo gosudarstvennogo tekhnicheskogo universiteta (Herald of Astrakhan State Technical University. Series of Works: Economics), 1, 113-118 (in Russ.).
  16. Lvov, D. S. (2005). New Russian economy. Socio-political literature. S.-Peterburgskii gumanitarnyi universitet profsoyuzov. Seriya: Izbrannyye lektsii universiteta (St. Petersburg University of Humanities and Social Sciences. Series of works: The University’s Selected Lections), 28 (in Russ.).
  17. Plotnikov, V., & Vertakova, Y. (2014). Manufacturing industry in Russia: problems, status, prospects. Procedia Economics and Finance, 14, 499-506.
    doi: https://doi.org/10.1016/S2212-5671(14)00739-4
  18. Ganchin, V. V. (2012). Development of project innovation development management methods in electric power industry. Author’s extended abstract of dissertation for the degree of PhD. St. Petersburg (in Russ.).
  19. Batashova, А. F. (2012). Algorithm for assessment of coal-production company’s innovation capacity. Vestnik Yuzhno-Rossiiskogo gosudarstvennogo tekhnicheskogo universiteta (Herald of South-Russian State Technical University), 1, 109-112 (in Russ.).
  20. Chaplina, A. N. (2010). Process-oriented system of managing competitiveness of Russian consumer market players. Problemy sovremennoi ekonomiki (The Problems of Modern Economics), 2, 140-146 (in Russ.).
  21. Melnik, М. І. (2014). Conceptual approaches and applied aspects of spatial-functional analysis metropolisation processes in the region Ekonomicnij casopis-XXI (Economic Annals-XXI), 11-12, 80-84.
    Retrieved from https://ea21journal.world/index.php/ea-v146-20/ (in Russ.)
  22. Vertakova, Yu. V. (2015). Taxonomic assessment of innovation economy branch development: a synthesis of methodological approaches. Izvestiya Yugo-zapadnogo gosudarstvennogo universiteta. Seriya: Ekonomika. Sotsiologiya. Menedzhment (Southwest State University Bulletin. Series of Works: Economy. Sociology. Management), 2, 51-59 (in Russ.).

Received 5.12.2015

View Full-TextDownload PDF
In, , , , ,

More Papers