Acceleration effect of intangibles in the recovery of corporate performance after-crisis
This study explores the recovery in the Market Value Added (MVA) of European companies after the recent global economic crisis in 2008–2009. It introduces empirical evidence that intangible-intensive strategy in human and relational capital reinforces speed of the after-crisis correction for companies. Based on a panel dataset of more than 1600 listed corporations this research aims to discover drivers of Market Value Added trends in 2011–2013. The established results contribute to the understanding of the advantages that companies can exploit for the recovery after systematic shocks of markets. Our study demonstrates that intangible-intensive strategy not always enabled faster recovery speed. Meanwhile, it provided year-to-year acceleration of MVA growth after crisis.
Hi-tech innovative alliances tend to have more key sustainable competitive advantages in comparison with those out of alliance, especially because alliances allow the companies to switch through the partners the financial burdens and intellectual investments in innovations. BRIC make an important input into Gross World Production and its hi-tech industries grow faster than others over developing countries. However companies of these industries still lack internal resources of innovative and technological facilities, e.g. Russian companies, because of that alliances (usually, international anв transnational) acquire more and more popularity. Alliances give the access towards resources and competences of the direct and indirect partners. The paper describes the empirical evidence of alliances efficiency factors and its influence on the high-tech companies of India and China. This evidence can be replicable to some extent and useful to the development of Russian companies. According to the testing results it is possible to assume, that efficiency of alliances has the significant impact on the corporate value in the mid-term. The crisis has significant impact on the observable dependencies.
The paper investigates the process of evolutionary transformation of cooperation and integration modes of industrial and construction enterprises in St.-Petersburg. The study has been performed at the period since 1998 to nowadays. The network form of integration was chosen as the main objet of this research. The paper is aimed at identifying the path of knowledge management development in different types of networks.
One of the peculiarities of the network form of integration is the high level of independence of the network participants that interact with each other. Key issues in this cooperation would be the following:
How to organize an effective transfer of knowledge and technologies within a network?
How to find a balance between open systems of innovation and the protection of the intellectual property of network participants?
How to evaluate the intellectual capital of a network? Is it necessary to make an assessment for each participant separately? Should one take into account synergies that increase the value of the intellectual capital because of the network participants’ interaction and knowledge sharing?
How to increase competitiveness of each company and of the whole network by the effective use of the intellectual capital?
How to measure the impact of open innovations on the intellectual capital of the companies interacting within a network?
Thus, it is important to reveal how knowledge management system is developing within a network of inter-related enterprises.
On the base of interviews of top-managers of companies in industrial and construction companies there were identified five different types of networks and knowledge management systems within these types. It is demonstrated how the knowledge management model is growing and becoming mature from the amorphous type of network cooperation to the integrated type. Factors, influencing this evolutionary development, have been revealed. Also, the paper proposes an approach to the evaluation of knowledge management systems based upon the value-based management indicators.
The purpose of the paper is to acquire a better understanding of the impact that inter-firm relationships exert on the survivability of Russian firms in the uncertain conditions of crisis and on the firm’s ability to innovate. Based on survey data gained from Russian CEOs in 2010, the paper discusses developments in the Russian market caused by the global crisis. The research contributes to clarifying the role of inter-firm collaboration in the strategy of Russian companies.
The collection contains materials of the international scientific-practical conference, revealing the actual problems in the process of introducing fitness of physical education in modern conditions of its modernization and the transition to a multi-level education, defines the role fittnesa and its ability to rehabilitate the population of Russia.
The Asia-Pacific region is of growing importance for both the United States and Russia, each of which seeks to “pivot” or “rebalance” its global commitments toward Asia. Yet the focus of U.S.-Russia relations remains on Europe and the former Soviet Union, and neither country has paid sufficient attention to the implications of their respective Asian pivots for the bilateral relationship. Since U.S.-Russia relations in Asia and the Pacific remain underdeveloped, the region holds the potential to act as a sort of laboratory for trying out new mechanisms for bilateral and multilateral cooperation.
Both countries are turning to Asia primarily to benefit from Asia’s economic dynamism. At the same time, they recognize that Asia’s growth is imperiled by a range of traditional and nontraditional security threats, from the nuclear-tipped standoff on the Korean Peninsula to territorial disputes in the East China Sea and South China Sea to terrorism, climate change, migration, and other transnational challenges. Among the most important drivers of change in Asia is the continued rise of China, which is in different ways a critical partner for both Washington and Moscow.
Because Asia’s economic and security landscape remains in flux and the legacies of mistrust hanging over U.S.-Russia relations in Europe are less pronounced, Moscow and Washington have an opportunity to build more effective forms of cooperation from the ground up. This will require efforts from both sides. The United States must reconcile cooperation with Russia with its existing commitments, including long-standing alliance relationships and growing security cooperation with several states in the region. Russia’s challenge lies mainly in convincing states and regional institutions that it is an important player in the region—which in turn requires it to more fully integrate Siberia and the Russian Far East into Asia’s regional economy—and more than a regional satellite of China.
The article deals with the relationship of business and government through the various aspects of the conflict interaction. The author analyses border state of relationship between business and power, factors and possible solutions of conflict situations. The author makes an assumption that development of social relations in general can lead to transformation of inefficient system of relationships between business and power.
It is shown in the article, that adjustment of actions on implementing logistic functions or logistic business processes inside the company is the base for intrafunctional logistic coordination in the company, allowing to increase efficiency and fecundity of company`s operation as a whole. Logistic coordination is essential part of all functions of managerial activity: planning, motivation and control, as well as connecting them processes of communication and decision-making.
Providing efficient promotion of material flows in network of distribution requires interorganizational logistic coordination, touching adjusting in the work of all participants of integrated logistic system (or supply chain). The most efficient methods of attaining intrafunctional coordination in distributing network of trade company are viewed.
Special attention in the article is devoted to organization of effective interaction between logistics and marketing.