DOI: 10.33917/es-3.195.2024.60-67

In any organization, regardless of its scale/dimension (from an enterprise to a state), two goals that are invariant with respect to activity are relevant: sustainability and development of the organization. Neither of these goals should be achieved at the expense of the other. Technological dependence of industrial and financial capital on information technology has made corporate IT an important element of an organization. However, corporate IT of large industrial companies has its  own peculiarities. They focus on sustainability of the IT infrastructure, and give the initiative in developing functionalit y of business systems to the so-called functional customers. In the current turbulent conditions it is necessary to abandon the stereotypes of corporate IT management. The article provides recommendations to general directors and shareholders of large industrial companies.

References:

1. Bashnin A.V., Ozols O.K. Importozameshchenie kul’tury izmerenii [Import Substitution of the Culture of Measurements]. Ekonomicheskie strategii, 2023, no 4(190), pp. 78–85. DOI: https://doi.org/10.33917/es-4.190.2023.78-85

2. Vlast’ v SShA zakhvatila “bol’shaya tsifra” [Power in the USA Was Seized by “Big Numbers”]. Rambler, 2021, 10 marta, available at: https://news.rambler.ru/conflicts/45977057/?utm_content=news_media&utm_medium=read_more&utm_source=copylink

3. Kvitko Yu. “Tsifra” pronikla vo vse sfery ekonomiki [“Digital” has Penetrated All Spheres of the Economy]. Rossiyskaya gazeta, 2020, 28 aprelya, no 8147, available at: https://rg.ru/2020/04/28/cifra-pronikla-vo-vse-sfery-ekonomiki.html

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DOI: 10.33917/es-4.190.2023.78-85

World turbulence has accelerated trends towards cultural changes that emerged at the end of the last century. Today transformation of traditional management forms, corresponding to changing cultural models, is adequate neither to the essence nor the pace of the new reality formation. It’s high time to start thinking about inevitability of losing the comfort of managing an enterprise as a profit-making machine. The well-known postulate “what cannot be measured cannot be controlled” raises a new question: what and how to measure? Possible way out could be the return to corporations of diversity and complexity on the basis of the theory of fractal sets, and allocation of natural processes outside the Euclid and Newton metrics could become the foundation of a self-organization.

References:

1. Deming E. Vykhod iz krizisa. Novaya paradigma upravleniya lyud’mi, sistemami i protsessami [Way out of the Crisis. New Paradigm for Managing People, Systems and Processes]. 5-e izd. Moscow, Al’pina Pablisher, 2018.

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DOI: 10.33917/mic-6.107.2022.49-59

This article assesses the financial potential and corporate asset management policy of Severstal Corporation PJSC. A recommendation is given to change the current liabilities management policy from aggressive to moderate, which will lead to an increase in the financial stability of the enterprise, a decrease in the effect of financial leverage, as well as an increase in the weighted average cost of capital as a whole. The study conducted by the authors showed that Severstal Corporation PJSC has average estimates for almost all components of the financial potential of the corporation, therefore, it can be assigned an integral average level of financial potential.

References:

1. Eroputova O.A. Analysis and evaluation of cash flows from investment operations of PJSC Severstal. The Scientific Heritage. 2022;86-3(86):17-20.

2. Izzuka T.B., Tkachenko I.D. The impact of COVID-19 on the financial condition of metallurgical enterprises: problems and prospects. Economic sciences. 2021;195:67-77. (In Russ.).

3. Isaeva S.S. Assessment of the probability of bankruptcy by various methods on the example of PJSC Severstal (foreign practice). The world economy: security problems. 2017;3:25-29. (In Russ.).

4. Karkanitsa A.S., Strunnikova Ya.D., Rodionova D.V., Savinkina A.D., Kirdyanova D.I., Khayak A.A., Strunnikova A.D. Market model of shares of PJSC Severstal. Economics and entrepreneurship. 2020;1(114):767-769. (In Russ.).

5. Nikolaeva E.V., Pletnev D.A., Mirvakhedi S. The practice of assessing transaction costs: the case of PJSC Severstal. Bulletin of Chelyabinsk State University. 2020;6(440):204-211. (In Russ.).

6. Rykanin N.V. Overview of the metallurgical industry of Russia and the position of PJSC Severstal in it. Financial economics. 2021;4:194-197. (In Russ.).

7. Rykanin N.V. Prospective analysis of cash flows of PJSC Severstal. Natural sciences and humanities research. 2021;35 (3):278-284. (In Russ.).

8. Sapunova T.A., Koivistoinen A.A. Development of innovative financial strategy of PJSC Severstal. Economics and Business: theory and practice. 2022;6-2 (88):149-152. (In Russ.).

9. Cherednichenko A.S. Analysis of financial results of PJSC Severstal in terms of outsourcing of business processes. Modern Science. 2019;9-1:121-124.

10. Shuvarikov M.D. Principles of IFRS in the financial analysis of PJSC Severstal and PJSC NLMK. Economic security. 2021;4(3):839-852. (In Russ.).

DOI: 10.33917/mic-4.105.2022.24-33

This article evaluates the financial potential and corporate asset management policy of RUSAL URAL JSC in the context of economic sanctions. It is established that RUSAL URAL JSC combines an aggressive policy of managing current assets and an aggressive type of policy of managing current liabilities. Thus, a comprehensive operational management policy can also be characterized as aggressive. JSC RUSAL URAL has low ratings for almost all components of the financial potential of the corporation (FPC), therefore, it can be assigned a low level of FPC. Thus, the corporation is not financially stable. In order to improve the financial position of the corporation, increase its stability and solvency, it is possible to change the policy of managing current liabilities from aggressive to moderate, i.e. reduce the share of short-term loans in the total amount of liabilities.

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6. Gumerov A.V., Mukhomorova I.V., Sadykova R.R., Fatihova L.E., Chikisheva N.M., Simonova L.M., Alenina E.E. The program “Client’s voice” as a tool for business structure innovation. Journal of Sustainable Development. 2015;8(3):263-270.

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