Improving the Strategic Management of Investment Activities of Industrial Enterprises as a Factor for Sustainable Development in a Crisis

Vladimir Zhuravlyov, Tatyana Khudyakova, Natalia Varkova, Sergei Aliukov and Svetlana Shmidt
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Vladimir Zhuravlyov: Department of Higher School of Economics and Management, South Ural State University, 454080 Chelyabinsk, Russia
Tatyana Khudyakova: Department of Higher School of Economics and Management, South Ural State University, 454080 Chelyabinsk, Russia
Natalia Varkova: Department of Higher School of Economics and Management, South Ural State University, 454080 Chelyabinsk, Russia
Sergei Aliukov: Department of Higher School of Economics and Management, South Ural State University, 454080 Chelyabinsk, Russia
Svetlana Shmidt: Department of Mathematics and Computer Science, Saint Petersburg State University, 199034 Saint Petersburg, Russia

Sustainability, 2019, vol. 11, issue 23, 1-20

Abstract: This article discusses the problem of improving the strategic management of sustainable development in industrial enterprises in Russia. The shortcomings of the strategic management of industrial enterprises are due to the fall in the growth rates of the world and domestic economy, international sanctions, and the specifics of the development of socio-economic relations in the Russian Federation. The main problem of the research is related to the imperfection of the strategic management of the investment policy of the enterprise, which leads to a slowdown in the development of the company and a decrease in competitiveness. The main goal of the presented research is to develop proposals for improving the strategic management model for the development and implementation of investment strategies of an industrial enterprise. Based on the analysis of theoretical sources, gaps in research related to the topic and objectives of this work are highlighted. The methodological base of the research is determined, the basis of which are: system theory, systematic approach to managing a company’s sustainable development, theory and practice of modeling, strategic management, investment design. The improved model is proposed, which determines the interdependence of the strategic management of investment policy and the sustainable economic development of the company, presents the algorithm for managing the process of developing investment strategies in an industrial enterprise. This mechanism takes into account the main indicators of sustainable development of an industrial enterprise. There are proposals to improve the management model of insurance reserves of the company, reflecting the strategic aspects of investment activities necessary for the successful implementation of the course on sustainable development in an industrial company. The obtained results were tested by a number of Russian enterprises, which led to positive results of their activities, contributed to more sustainable development and strengthening of competitive positions.

Keywords: sustainable economic development; investment strategy; dividend range; risks; industrial enterprise (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:11:y:2019:i:23:p:6667-:d:290791

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