THE BUSINESS MODEL ANALYSIS IN THE INTEGRATED REPORTING OF RUSSIAN COMPANIES
Author(s): Basova Maria Mikhailovna
Release: 2018-3 (26)
Keywords: business model, stakeholders, business processes, International Standard for Integrated Reporting, Sustainable Business Development
Annotation: The article examines the specifics and reveals the main elements and interrelations of business models of Russian companies based on the data of integrated reporting, within the framework of the problem of an insufficiently coordinated approach to what the company’s business model is, as well as to the information disclosure requirements for satisfying the wide range of requests interested parties. Elements of business models are considered using the example of integrated reporting of several Russian companies, such JSC «UEIP», JSC «Atomenergomash », Polymetal International plc, JSCo “RZD”, JSC “FPC”. The main goal of the article was to study the shortcomings of existing business models of Russian companies based on integrated reporting data, as well as to identify possible ways for their further development and optimization. The article shows the shortcomings of existing business models, including their focus on internal business processes rather than stakeholder values. The final part of the article contains several author’s recommendations, which contribute to the further improvement of the business model, which will ensure the necessary level of disclosure of information about the activities of Russian companies and, ultimately, lead to an increase in their value.
Bibliography: Basova MA.MI. THE BUSINESS MODEL ANALYSIS IN THE INTEGRATED REPORTING OF RUSSIAN COMPANIES // Economics and Management. – 2018. – № 3 (26). – С. 29-35. doi: 10.21777/2587-554X-2018-3-29-35