Improving Approaches to Strategic Enterprise Management in the Context of Sustainable Development

Abstract

This article discusses the issues of improving strategic management of sustainable development of enterprises of the Russian Federation. The management of many companies continues to demonstrate an inadequate attitude to the development and implementation of a system of measures to ensure the proper level of sustainability of an industrial company. The main problem considered in the study is the insufficiently perfect mechanism for the strategic management of the investment policy of industrial enterprises in the Ural region of Russia. The management of many enterprises does not conduct a comprehensive assessment of sustainability and does not rely on the triad of sustainable development indicators—economic, environmental, and social. This negatively affects the strategic management decisions made. Under an insufficiently perfect mechanism, in this study, we refer to the following: At Russian regional enterprises, there is no close connection between the processes of making strategic decisions and the investment policy of the enterprise. This leads to certain errors in the formation of the enterprise strategy. The connecting element of these processes is highlighted. It is a comprehensive assessment of sustainability. The main objective of this study is to improve the model and mechanism of strategic management of the investment policy of the enterprise in the context of the environmental and economic status of the business. The proposed model is based on the principles considered from the perspective of three directions—economic, social, and environmental. This model provides for a close interconnection of components: management decision-making, investment policy development, and comprehensive assessment of sustainable development strategy. Based on the analysis of scientific works, the practice of managing industrial enterprises and certain gaps have been identified in theoretical sources related to the topic, problem, and objectives of the article. The methodological base of the study is determined, and methodological aspects of the analysis of the ecological state of business projects and the formation of strategic management of investment activity of an industrial enterprise are substantiated. The model for managing sustainable enterprise development is presented. This model provides for close interaction between the mechanisms for developing strategic decisions and managing the investment policy of the enterprise based on the environmental component of the business as a factor in sustainable development. Tools are proposed that ensure interconnection and synergy between the components of strategic management of the investment policy of the company and improve the quality of management decisions.

Commitment of Higher Education Institutions to Sustainability Agenda: Evidences from GCC Countries

“…Even without going deeper into program curricula, it can be seen that the noticed anthropocentrism and selfishness is prevailing. Multiple authors stipulate that principles of sustainability should be implemented throughout all activities of an institution, organization or company (Khudyakova et al, 2020;Haessler, 2020;Peters, Simaens, 2020), starting with strategy. Special attention should be paid also to ensuring the desired transformation towards sustainability is effectively and sustainably implemented through a-whole-of-institution focus (Mader et al, 2013).…”

Gestión ambiental y desarrollo sostenible en los gobiernos locales.

“…En la búsqueda por determinar desarrollo sostenible en México, nos ofrecen soluciones, designados como modelos de control basados en tecnologías de control. El artículo también ofrece herramientas matemáticas para mejorar la calidad de la gestión empresarial en un entorno variable (Khudyakova et al, 2020).…”

Toward a design theory of strategic enterprise management business intelligence (SEMBI) capability maturity model

“…When it comes to constructs, scholars create a conceptual framework that outlines the issues in the field and specifies their solutions (Teece, 2019). Regarding models, researchers devise a set of propositions or statements that articulate the relationships between structures (Brignall & Ballantine, 2004;Sen, Bingol, & Vayvay, 2017;Regent, Glinkina, Ganina, Markova, & Kozhina, 2019;Khudyakova et al, 2020;Melnyk & Zlotnik, 2020). For methods, scholars put forward a series of steps to accomplish a task Authors Research purpose BI included…”

“…Sestino ( 2016) By adopting a process-based approach, businesses can improve their competitiveness V Instantiations Explanation and prediction Sen et al (2017) Exploring the integration of a balanced scorecard into innovative strategic management, providing a framework of interrelated issues based on the existing literature and application areas Models Explanations Faizova et al (2018) To outline the prospects and directions for improving the methodology of strategic enterprise management under the conditions of its evolution into balanced enterprise management Methods Explanation and prediction Akhmetshin et al (2018) Development of a guideline for analysis of the economic activity of an enterprise to control and ensure the interaction of tasks and functions of management in the current and strategic aspects in the conditions of innovative development Instantiations Analysis Teece (2019) The application of capability theory allows intellectual blinders to be removed and an understanding of differential firm-level resource allocation and performance to emerge V Constructs Explanations Regent et al (2019) Development of approaches to improving a tourism enterprise's strategy management in the international market Models Analysis Melnyk and Zlotnik (2020) To systematize and compare the main approaches to strategic management Models Analysis Khudyakova et al (2020) To improve the model and mechanism of strategic management of the investment policy of the enterprise in the context of the environmental and economic status of the business Models Explanations (continued ) (ZAITSEVA, 2014;Faizova, Ivanova, & Pozhuieva, 2018;Mathrani, 2021). In the case of instantiations, IT studies instantiate specific information systems and tools to address various aspects of designing information systems (Sestino, 2016;Akhmetshin et al, 2018).…”