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Strategic behaviour and resilience of an industrial enterprise to the external environment

Authors :
Elena D. Vaisman
Tatyana Yu. Zheleznova
Source :
Управленец, Vol 14, Iss 6, Pp 91-108 (2024)
Publication Year :
2024
Publisher :
Ural State University of Economics, 2024.

Abstract

The growing turbulence of the environment requires an industrial enterprise to find new approaches to choosing its development strategy. The study proposes a method for assessing the level of resilience of machine-building companies depending on the type of their strategic behaviour. Methodologically, the research rests on the theory of the firm and strategic management theory. Structural and logical analysis, expert assessments, matrixing, statistical and financial analysis were used as research methods. The empirical evidence is the data from the Russian Federal State Statistics Service (Rosstat) and the SBIS counterparty verification system. We clarify the concepts of resilience and strategic behaviour of a machine-building enterprise and propose our own definition of resilience. We distinguish between four types of strategic behaviour of enterprises when contacting the external environment, namely the maximum control possible, constructive interaction, adaptation with elements of control, and forced adaptation. A relationship was discovered between the level of resilience and the type of strategic behaviour of an industrial enterprise. The findings were tested using the case of four machine-building plants specializing in the production of lifting equipment. We found significant differentiation in the level of resilience of the enterprises under study and established which of the four types of strategic behaviour was typical of each. This will allow them to exercise a more reasonable approach when instituting their development strategy amid turbulence.

Details

Language :
English, Russian
ISSN :
22185003 and 26867923
Volume :
14
Issue :
6
Database :
Directory of Open Access Journals
Journal :
Управленец
Publication Type :
Academic Journal
Accession number :
edsdoj.87b0017d80f74485bc41c668198671a0
Document Type :
article
Full Text :
https://doi.org/10.29141/2218-5003-2023-14-6-7