Release: 2023-3 (46)

2023-3 (46)
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Content:

DECENT LIFE OF A PERSON AS A SOURCE OF EXPANDED REPRODUCTION OF CREATIVE INNOVATIONS IN THE ECONOMY

Page:7-17

DOI: 10.21777/2587-554X-2023-3-7-17

Annotation: The article is devoted to substantiation of the increasing role of a decent life as a systemic source of creative innovations required for highly effective reflection of modern challenges and threats caused by the steady increase of various types of complexity with simultaneous synergy of political and economic relations. The methodological basis of the research is an essential analysis of key categories, as well as a system-interdisciplinary approach to the problem of the relationship between a decent life and innovative development of the modern economy. The scientific novelty of the key provisions of the article is to concretize the meaning of such concepts as a decent life, creative and intellectual capital, creative innovations; to identify and substantiate the cognitive qualitative integrity of a decent life of an individual as the basis of large-scale, continuous and radial innovations; to demonstrate the need for accelerated development (acceleration) of the creative and intellectual form of human capital as a functional of a decent life. The scientific and practical significance of the conclusions and conclusions of the article lies in the need for accelerated development of various forms of personal and corporate self-learning, as well as the cultural, scientific and educational sector of the economy as a common foundation of a qualitatively new national innovation system.

MECHANISMS FOR CIRCUMVENTING UNILATERAL ECONOMIC RESTRICTIONS FOR THE OIL AND GAS INDUSTRY IN THE RUSSIAN FEDERATION

Page:18-27

DOI: 10.21777/2587-554X-2023-3-18-27

Annotation: The article is devoted to the study of mechanisms for circumventing unilateral economic restrictions that oil and gas companies in the Russian Federation are currently facing. The features of economic restrictions, their impact on the activities of the oil and gas industry in the modern world, and the mechanisms available to oil and gas companies to bypass restrictions are considered. It is shown that the introduction of a digital ruble, through which it will be possible to carry out transactions with foreign counterparties, has a great potential for circumventing unilateral economic restrictions. In addition, it is important to create an innovative ecosystem for managing the oil and gas industry, which includes scientific research, the development of new technologies, robotics and the integration of digital technologies into the organizational and technological processes of oil and gas companies. The article presents an assessment of the risks and benefits associated with the use of mechanisms to circumvent economic restrictions, as well as a set of recommendations for oil and gas companies that plan to use these mechanisms. The research methods were statistical and graphical methods, analysis, synthesis, induction and deduction. The article contains both theoretical analysis and practical aspects of circumventing unilateral economic restrictions.

FEATURES OF PROJECT MANAGEMENT IN THE CONDITIONS OF DEVELOPMENT OF THE AGRI -FOOD SECTOR ORGANIZATIONS IN RUSSIA

Page:28-36

DOI: 10.21777/2587-554X-2023-3-28-36

Annotation: The article studies the reasons, features, and factors of project management in the agri-industrial complex of Russia. The role of project management to improve the quality of the dairy business is highlighted. The method and methodology of the work include: diagnosis and observation, analysis of causal relationships, structural analysis and generalization of data on comparable projects in the field of functioning of subjects of the dairy segment. The article presents an analysis of alternative projects in the field of organizing the production, processing of milk and the sale of dairy products in the agri-food markets of Russia. As a result of the studies, it was proposed to classify the parameters of alternative projects in the activities of the subjects of the product subcommittee of the agri-industrial complex. The assignment of points and the determination of the hierarchy for decision-making purposes made it possible to make the right economic choice within the framework of project management. The generalization of the results of the expert assessment contributed to measuring the effectiveness of projects taking into account the stages of the life cycle: projecting, construction, reconstruction, operation of equipment for cow houses and beef-producing farm, milking and collection of milk as a raw material. The article also examined the relationship between project management mechanisms and the results of improving the quality of milk and dairy production in Russia.

RISK MANAGEMENT OF COMPANIES IN THE INVESTMENT AND CONSTRUCTION SPHERE ON THE BASIS OF THE OPTIMAL CAPITAL STRUCTURE FORMING

Page:37-47

DOI: 10.21777/2587-554X-2023-3-37-47

Annotation: The article describes the features of the functioning of the investment and construction sector in an unstable external environment due to the consequences of the COVID-19 pandemic, implemented economic sanctions and the influence of other macroeconomic factors. The authors pay attention to the analysis of risks generated by the uncertainty factors of the internal and external environment, which are associated with the activities of construction industry enterprises in the process of implementing investment and construction activities, as well as the need to create a risk management system based on taking into account all the features of the investment and construction process. In order to identify the degree of influence of risk and uncertainty on the performance of construction companies, the authors analyzed construction companies registered and operating in the Penza region. In order to evaluate the performance indicators, several key players in the construction market were selected from the entire population and the results of the analysis of key profitability indicators, capital structure, financial results and their impact on the level of risk are presented.

ASSESSMENT OF MECHANISMS OF SUSTAIABILITY FOR SMALL AND MEDIUM-SIZED BUSINESSES IN THE RUSSIAN FEDERATION

Page:48-64

DOI: 10.21777/2587-554X-2023-3-48-64

Annotation: The article considers the foundations of a sustainable development strategy and its wide dissemination, analyzes the factors that motivate enterprises to implement the principles of sustainable development in their activities, identifies the basic components of the mechanism for sustainable development of enterprises, assesses the impact of sanctions on the implementation of the principles of sustainable development of small and medium-sized businesses in the Russian Federation; the measures of state support for small and medium-sized businesses of the Russian Federation in the area of sustainable development are considered and directions for their further development are identified; the estimation of the state support of small and medium-size business is presented. Based on the results of the analysis, the analysis of the reasons for implementation of a sustainable development mechanism at small and medium-sized businesses in the Russian Federation is presented. Such issues as methods and tools determination for assessing the effectiveness of sustainable development mechanisms and key indicators of sustainable development identification for small and medium-sized businesses in the Russian Federation, are solved.

ASSESSMENT OF FINANCIAL AND ECONOMIC SUSTAINABILITY OF THE REGION IN CONDITIONS OF GLOBAL INSTABILITY (USING THE RYAZAN REGION AS AN EXAMPLE)

Page:65-73

DOI: 10.21777/2587-554X-2023-3-65-73

Annotation: The subject of the study is the financial and economic sustainability of the region, which is a prerequisite for the further development of the regional system in the context of Western sanctions and other external threats. The study is aimed at assessing the financial sustainability of a particular region based on the system of indicators developed by the author. The methodological basis of the study is a systematic approach to the assessment and a sustainable relationship between indicators and elements of financial sustainability. Scientific novelty lies in the forming of a system of indicators that make it possible to assess the financial sustainability of the subject of the Russian Federation. An assessment of the financial and economic sustainability of the Ryazan region in accordance with the author’s approach is presented. An integrated approach to ensuring the sustainability of the region is outlined with the designation of specific tools and directions for the development of territories. The experience of ensuring the sustainability of the Ryazan region, based on the principles of inter-territorial interaction, in modern conditions of external threats, is presented. Scientific and practical significance lies in the versatility and accessibility of use for assessing the sustainability of the region of the author’s scorecard.

IN SEARCH OF THE CHINESE MODEL OF DIGITAL ECONOMY: LESSONS FROM A COMPARATIVE ANALYSIS

Page:74-85

DOI: 10.21777/2587-554X-2023-3-74-85

Annotation: In thirty years, modern China has evolved from an agrarian country to a dynamic digital power. During this time, the digital transformation has affected various domains of Chinese society, thus drawing the attention of experts from all over the world. However, there is still no consensus in economic scholarship on how to assess China’s digital economy model, which makes it difficult to perceive it holistically. The article considers and summarizes the main methodologies for assessing China’s digital economy. An attempt is made to summarize the characteristics and features of the Chinese digital economy model at the present stage. Applying both quantitative and qualitative methods of comparative analysis, the author concludes that the evolution of China’s model of digital economy suffers from the “developmental disease” and faces many of the difficulties typical of developing countries. At the same time, it seems that the Chinese experience of planning and managing the digitalization of economy may be useful for Russia when considering the issue of shifting to the sixth technological mode of economy.

CONTEMPORARY ISSUES OF STATE PROPERTY MANAGEMENT IN THE RUSSIAN FEDERATION

Page:86-93

DOI: 10.21777/2587-554X-2023-3-86-93

Annotation: The article is devoted to contemporary issues in the process of state property management. The relevance of the study is determined by the unresolved number of issues in the organization of relations between subjects of state property management, accounting and efficiency of state property management. The purpose of the study is to identify the problems of state property management and measures to solve them. The methods of the research are the analysis of the legal and organizational foundations of state property management and their comparison with the actual results of this management. In the course of the analysis of regulatory legal documents defining the process of state property management, including its accounting, the authors formulated a number of issues in the field of regulatory and legal management. Separately, according to the results of the analysis of official data, issues were identified in the field of accounting for state property and the formation of non-tax revenues of the federal budget from its management. Recommendations are made on the need to improve the process of planning non-tax revenues of the federal budget from the management of federal property. The main directions of improvement of the process of state property management are defined.

IMPROVEMENTOF THE STATE INTEGRATED SYSTEM OF STRATEGIC PLANNING “UPRAVLENIE”

Page:94-100

DOI: 10.21777/2587-554X-2023-3-94-100

Annotation: The authors of the article propose comprehensive measures to improve one of the most important state integrated systems – SAS “Upravlenie”, in terms of strategic planning provision. An objective analysis of the functionality of the above system is carried out. The main coordination processes of the portal are considered, and a number of relevant problems are identified that have a direct impact on the organization of socio-economic development monitoring and the organization of regional strategic planning (forecasting). The article substantiates the expected organizational and economic effects in the implementation of the proposed activities in the daily work of the participants in the integrated system, namely the executive authorities of the constituent entities of the Russian Federation (Kamchatka Krai), local governments, as well as territorial departments of federal government bodies. The main results of the study is: reducing the cost of manual labor, saving time on the development and updating of strategic planning documents in the constituent entities of the Russian Federation, as well as improving its quality and accuracy.

CREATING A MODEL AND DEVELOPING INTERNAL CONTROL INSTRUMENTS IN THE MODERN MANAGEMENT SYSTEM OF A BUSINESS SUBJECT

Page:101-113

DOI: 10.21777/2587-554X-2023-3-101-113

Annotation: The article examines the issues of legislative and statutory regulations of the requirements for building a system of internal control of business entities. Attention is drawn to the difference in levels and subjects of regulation, the complexity of applying regulatory requirements to the conditions of medium and small nonpublic companies. A comparative analysis of the requirements composition for the creation of the internal control system in the regulatory documents of various regulatory bodies is presented. Possible models of such internal control system organization for companies of various levels of business and organizational and legal forms are considered. In particular, for large public companies, medium-sized private companies and small business entities. Attention is drawn to the composition of the applied internal control instruments and their modern development and regulation. An analysis for inventory is made as a main regulated form of control measures, its significance and innovations introduced by the new federal accounting standard. In conclusion, a number of recommendations have been formulated for systematizing the legislative and regulatory framework for regulating the internal control system.

FEATURES OF THE INFORMATION PRODUCTS MARKET

Page:114-126

DOI: 10.21777/2587-554X-2023-3-114-126

Annotation: The article analyzes specific characteristics of structure and functioning of the information products market. Using the method of comparative study, the author shows specifics of information product and its market, which distinguish them fr om the usual industrial products and related markets. This approach reveals the specifics of supply and demand formation on the information market. This allows us to understand the specifics of mechanism of action and pricing in this market, wh ere even a monopolist can offer the product at zero price. At the same time, it is shown that along with positive effects, the information market has a number of properties that create the potential for monopolistic manifestations, which speaks of the necessity of regulating this market. At the same time, the above-mentioned specifics of information product market suggest the development and application of special regulatory measures that would not undermine the incentives for innovation underlying the development of the information market. The practical significance of this conclusion lies in the understanding of the need for a special approach to solving problems similar to those that are traditionally solved in the markets of industrial products.

CORRELATES OF COMPENSATION POLICES AND EMPLOYEE RETAINMENT

Page:127-135

DOI: 10.21777/2587-554X-2023-3-127-135

Annotation: Retention is one of the key fundamentals that are necessary for organizational success. In a globalized environment, retention and engagement of high prospective employees are a huge challenge to International corporations. In many cases, even engaged employees are sometimes dissatisfied with the outcomes of organizational performance which may lead them to look elsewhere. Due to these reasons, this paper investigates compensation factors and policies that influence employee retention and examines their impacts on both International Corporations and employees. For the purpose of this study primary data was used. The ex-post facto method was employed. The population consists of the members of staff of Guinness International PLC Plant, Lagos Nigeria. Yamane formula was adopted to determine the sample size. The data was analyzed using manual and electronic based methods through the data preparation grid and statistical package for the social sciences, (SPSS). Linear regression analysis method which also makes use of ANOVA was employed to test the hypothesis. The study found out that salary in compensation policy have effect on employee job security and also allowance affect job satisfaction Thus, the study recommends that International Corporations should identify those benefits which have more influence on employee retention. Furthermore, International Corporations need to revisit their present benefits package to identify those benefits which are not useful in order to replace them.