Profiles of Russian Companies at the Industry Level: Resource Management Strategies

Mariia Molodchik, Iuliia Naidenova (), Еvgeniya Shenkman () and Еgor Ivanov ()
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Iuliia Naidenova: National Research University Higher School of Economics (Russian Federation)
Еvgeniya Shenkman: National Research University Higher School of Economics (Russian Federation)
Еgor Ivanov: National Research University Higher School of Economics (Russian Federation)

Foresight and STI Governance (Foresight-Russia till No. 3/2015), 2024, vol. 18, issue 2, 45-56

Abstract: The study investigates the Russian information and communication technologies (ICT) landscape with a focus on sustainable ICT combinations at the industry level. The ICT combination for a company reflects its ICT profile, which is considered in resource theory as the firm’s ability to create competitive advantages based on resource complementarity. Unlike previous papers, it is not an expert-specified combination of ICT that is being studied, but a tool for the automated search for interconnected technologies based on machine learning methods is proposed, which makes it possible to identify stable combinations implemented simultaneously by several companies in a certain industry. ICT profile identification was conducted based on the analysis of relationships across a wide range of IT, from basic infrastructure to AI-based business efficiency management systems. The final dataset includes 110 IT technologies for over 29,000 companies from 31 industries spanning from 2006 to 2022. The following conclusions were drawn: (1) a typical profile for most industries consists of a combination of business process management (BPM) and software as a service (SaaS), (2) insurance and finance industries are the leaders in the diversity and complexity of ICT profiles, (3) supplementing ICT profiles with AI-based solutions holds great potential for Russian companies, (4) the implementation of ICT profiles is linked to companies’ financial performance; however, these relationships vary significantly across industries.

Keywords: ICT; sustainable combination of ICT; industry; productivity; profitability (search for similar items in EconPapers)
JEL-codes: O14 O33 (search for similar items in EconPapers)
Date: 2024
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