Strategy and Organization in Russian Corporations
The article serves as an extended introduction to a special issue of International Studies of Management and Organizations devoted to Russian management.
Based on programme thoughts expressed by C. Write Mills in his "Sociological Imagination”, the article presents a view on the future of social science, discussing several issues massively debated in recent years by sociologists. Three scenarios pointed in the headline of the article are exposed. The author advocates the implementation of the principle according to which the empirical study inextricably linked with the theoretical work; only then sociology will remain as a scientific discipline. The basis of the article served the author's acceptance speech for the award with the title of Honorary Professor of the University of Aalborg.
It is shown that one way to overcome the negative impact of the crisis is to build a strate-gy for supply chain management (SCM). Designated a set of factors motivating companies to enter the level of institutional coordination and integration, the underlying SCM. Select the ex-ample of some typical disturbances in supply chains associated with the economic crisis. The ability of companies to respond to the demand determines the level of integration and technolo-gical flexibility in solving problems of SCM. It is shown that changes in consumer preferences encourage companies to reconfigure the supply chain. All of these processes occupy a key posi-tion in the strategic planning of supply chains.
This paper compares various techniques of valuating banks in Russia for empirical research purposes. From comparing the existing valuation methodologies we proceed to devise an alternative methodology of valuation that would be more rele-vant and applicable to the Russian banking industry. Our technique is based on the linkage of sales prices of banks in M&A transactions to the prices of fixed-income securities issued by these banks. The novelty of our approach lies in the utilization of a broader range of sources of price data that might prove useful in measuring investor perception of different performance characteristics of banking firms. We illustrate the application of our method with a calculation of the impact produced by the quality of corporate governance on the price of the bank measured through the price of its equity and other securities. The downside of our valuation method is being geared towards banking firms while its applicability to industrial companies remains to be researched.