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Strategic decisions and risk management

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“Strategic Decisions and Risk Management” is an international peer-reviewed journal in the field of economics, business and management, published since 2010.

The journal is a platform for interaction between scientists, experts, specialists in state administration, entrepreneurs and business practitioners to discuss various aspects of digital transformation, impact of digital technologies on the economic, management and social aspects of the activities of the state and companies, as well as risks associated with digital transformation.

 

1. Strategic managerial decisions and Decision-making process:

     ∙     Development, implementation and execution of strategic and long-term managerial decisions;

     ∙     Rational and behavioral methods and techniques in decision-making and managerial problem solving;

     ∙     Making decisions as a cognitive process. Application results of neurosciences for the decision-making process;

     ∙     Strategic managerial decisions in organizational context;

     ∙     Tools and techniques for economic rationale for managerial decision and evaluation of their implementation performance;

     ∙     Practical use of software systems supporting decision-making.

2. Strategic management and business strategies:

     ∙     Development process, implementation and execution of the strategy in business organizations;

     ∙     Strategic changes and leadership;

     ∙     Innovation, entrepreneurship and corporate entrepreneurship as strategic development factors;

     ∙     Long-term impact of the environmental, social, and governance criteria (ESG), and Sustainable Development Goals on business strategies;

     ∙     International business strategies.

3. Technological development and operational strategy:

     ∙     Technological development and its impact on business strategies and business models;

     ∙     Operational strategies: development and rationale;

     ∙     Digital business transformation strategies and implementation of the fourth industrial revolution technologies;

     ∙     Methods and techniques of development and implementation of new products and technological processes.

4. Risk management:

     ∙      Identifying and analyzing of risks when developing and implementing managerial decisions. Methods and techniques;

     ∙      Management methodology for strategic risks;

     ∙      Quantitative and qualitative methods of risk assessment.

“Strategic Decisions and Risk Management” welcomes articles from authors from different countries. Any articles submitted shall meet the standards of scientific character and uniqueness. The quality of articles is assessed through double blind peer review.

The editorial board and pool of reviewers brings together leading experts in the field of shaping development strategy and digital transformation of business, introduction of new digital technologies, risk management, public administration, economy of knowledge and innovation, representatives of government authorities and development institutions.

The journal is published four times a year. All materials are posted on the website and are available for download at the link: https://www.jsdrm.ru/jour 

The journal publishes articles in both Russian and English.

“Strategic Decisions and Risk Management” is in the updated list of peer-reviewed journals of the Higher Attestation Commission of the Ministry of Education and Science of the Russian Federation for publication of the main scientific results of theses for the degree of Doctor and Candidate of Sciences.

Every issue of the journal is fully translated into English. We accept articles free of charge.

Current issue

Vol 16, No 1 (2025)
View or download the full issue PDF (Russian)

Статьи

10-19 52
Abstract

The letter of the Ministry of Energy of the Russian Federation No. MU-4343/09, dated 15 April 2020, defines recommendations for the content of heat supply systems for cities in accordance with Decree of the Government of the Russian Federation No. 154, dated 22 February 2012. It is necessary to assess the environmental safety on urban heat supply. The authors propose a methodological approach to the development of the ‘Environmental safety of heat supply’ part, taking into account the regulatory framework of pollutant emissions that defined by regulatory legal acts in Russia. The article highlights the issues of creating a database of pollution sources, conducting an inventory of emissions, using automated algorithms to calculate the dispersion of pollutants, and creating a geo-information layer of pollutants for the electronic model of a heat supply system.

20-34 46
Abstract

The article examines the characteristics of traditional partnerships and those created to achieve sustainable development goals.

Although perceived as a positive contribution to solving sustainable development problems, numerous studies demonstrate the ineffectiveness of such partnerships. This presents researchers and practitioners with the critical challenge of understanding how to improve partnership effectiveness.

An empirical analysis of partnerships in the coal mining and metallurgical sector was carried out. Five types of relationship clusters were identified: partnerships focused on economic benefits; partnerships focused on scientific and technical cooperation; partnerships focused on joint value creation; partnerships focused on new opportunities; and partnerships focused on relationships. It was concluded that in the coal mining and metallurgy sectors, partnerships for economic benefits and partnerships for scientific and technical cooperation predominate. In this context, it is necessary to develop a mechanism aimed at improving common technologies and economic indicators in order to ensure the effectiveness of the partnerships created to pursue sustainable development goals.

The article aims to develop and analyse new models of interaction between the coal mining and metallurgy sectors, with a view to improving environmental and economic sustainability.

35-46 52
Abstract

This article exexamines the role of knowledge in the innovation process, highlighting knowledge creation as a key factor in successful innovation. Current economic realities underscore the importance of knowledge as a fundamental resource for creating unique competitive advantage. The relationship between innovation and the knowledge creation process, which is often overlooked or underestimated, is explored.

The article presents different approaches to defining and classifying innovation and knowledge creation models. The authors propose a classification approach for knowledge-based innovations based on parameters such as the type of knowledge according to novelty level (completely new knowledge vs. use of existing knowledge), knowledge creation (market knowledge vs. empirical knowledge), and knowledge characteristics (explicit vs. implicit). Empirical research on knowledge-based innovation has allowed us to complement the classification approach with information on the source of knowledge acquisition for innovation creation - a critical feature for company managers.

The conclusion underlines the importance of knowledge creation and integration for the successful implementation of innovation.

47-54 52
Abstract

Today, digitalisation is seen as a tool that can significantly improve the efficiency of all production processes. In fact, digitalisation has led to some impressive successes, but it has also brought with it some qualitatively new risks.

The article aims to examine the impact of digitalisation on the fragility of social and technical systems, using freight transport as an example. The development of ‘Digital Road’ is expected to radically improve the freight transport service system. However, with the advent of remote process control technologies, the main customers of transport services – the mining and manufacturing industries – could see radical changes in the transport system.

According to the author, routine and repetitive types of activities are most suitable for digitalisation while innovation and uncertainty hinder it. The maximum level of uncertainty is associated with social and natural factors that set the upper limit for the process of digitalisation of production activities.

Experience with the use of digital tools in various fields suggests that the consequence of this process is uniformity, increased monopolisation of markets, reduced diversity and the dominance of a single technological solution for typical situations. This reduces the technological adaptability of the production system and increases its vulnerability to social and natural risks. The article suggests that fragility in the transport sector could be halted by using a variety of transport services that would be in demand after mining and manufacturing industries move to fully unmanned and remote-controlled technologies. 

55-68 38
Abstract

Global electricity production is increasing as a result of population growth, technological development and the demand for electricity by people and industry in the context of the energy crisis. Accelerated electrification has become the main energy transition trend in the final use of energy resources. In response to the climate challenges of the green agenda, the global energy industry has embarked on the fourth energy transition, focusing on prioritizing renewable energy generation. The countries of the world are faced with the most urgent tasks: accumulation and reservation of generated energy for further distribution, and balanced planning of the location of energy generation facilities, taking into account territorial features, economic needs and other factors, taking into account the normalised cost of a unit of energy obtained from renewable and non-renewable sources. The review used the research results of Russian and foreign scientists, including the authors of the study. The world energy system and the Russian energy system are considered in terms of the cost of energy by type of sources.

69-80 37
Abstract

This article presents the results of the analysis of the economic situation in the domestic gas industry, including the activities of the flagship of the country’s fuel and energy complex, the Public Joint Stock Company Gazprom Group of Companies, in terms of the sufficiency of financial resources for the implementation of the national programme of social gasification/pre-gasification of Russian territories. Problems of reorientation of gas raw material exports to the East, issues of creating a liquefied natural gas complex, fleet of icebreakers for transportation of LNG to old and new areas and sales points are considered. A separate research issue is the difficulties of implementing the state target programme of social gasification and pre-gasification of Russian territories. The purpose of this subject study is a comprehensive economic assessment of the implementation of state programmes for regional development based on the use of hydrocarbon raw materials, including the social gasification/pre-gasification programme in the constituent entities of the Russian Federation. The results of the research carried out by the authors of the article are limited to the analysis of non-public departmental information on the problems identified in the gas industry. The methods of comparative activity studies and economic statistics were used as research tools. The conceptual approaches involved are discussed. The article concludes with three tentative conclusions.

81-88 49
Abstract

The development of the digital economy is accompanied by changes in the business management system, contributing to the emergence of a new management concept. However, the theory of digital management is still in its infacy and the existing scientific research in this field seems to be very fragmentary, which determines the relevance of this article, its theoretical and practical significance. The aim of the study is to identify the specifics of digital business management and changes in management processes by analysing the experience of digital management in a real company.

The research was conducted using the case study method, with a Novosibirsk company selected as the subject of the research, where a digital management system was created for the company and several hundred of its franchise partners in Russia and the Republic of Kazakhstan.

As a result of the analysis of management practice, the conceptual features of digital management were identified, the main stages of the formation of the process of ‘variance-based management’ were revealed, approaches to the formation of the company’s key performance indicators were described, and the change in the role and functions of management in the digitalisation of business management was shown. The article contributes to the theoretical and managerial debate on the concept of digital management. 

89-96 40
Abstract

Ensuring the strategic resilience of an organisation is important in the context of the need to develop the economy in a changing external environment. The presence of a significant proportion of strategically stable economic entities ultimately ensures the development of the national economy. The purpose of this work is to determine the relationship between the strategic sustainability of the organisation and the adoption of organisational innovation. Various methods were used to achieve this goal, including searching for information in open sources, conducting in-depth interviews and surveys of companies, and analysing the data obtained, including the use of update software. The article discusses key tools for ensuring strategic resilience. Interviews with industry experts revealed general criteria for an organisation that can be considered strategically sustainable. The novelty of this study is to determine the relationship between ensuring the strategic sustainability of an organisation through organisational innovation. Based on the analysis of 120 Russian companies from various industries, it was found that the majority of companies (72%) have introduced organisational innovations at least once, while in a significant proportion of companies the process of introducing organisational innovations is ongoing (38%). Organisations implement organisational innovations to maintain their own effectiveness and to remain competitive. In some cases, the introduction of organisational innovation may be a natural response to a change in the business model and/or an update of the organisation՚s strategy. The analysis revealed that the frequency of implementation of organisational innovations has a greater impact on the strategic stability of an organisation than just the fact of their implementation. Most strategically stable companies implement organisational innovation more often than strategically unstable companies. The practical significance of this study lies in the fact that the findings can be applied to the practical activities of organisations, and they also form the basis for further research in the field of strategic sustainability and organisational innovation.

97-101 38
Abstract

The article examines the most prominent theories of strategy, business models and competitive advantage and their applicability to the current situation in the commercial airline industry. The purpose of the article is to explain the basic concepts of strategic management using the example of a very crisis-prone (e.g. COVID-19, geopolitical instability) but socially important industry of civil aviation. Finally, we visualise the strategic concepts discussed and provide ideas for future research on competitive advantage and strategy in commercial airlines.