Benchmarking Russian Power Companies with a Focus on Asset Management

P. 322–329.

Gavrikova E., Volkova I.

The goal of this paper is to perform benchmarking of Russian power companies from a strategic asset management point of view. The Russian power industry is undergoing through a transformation that implies introduction of competition and increasing deployment of new technologies which leads to the shrinkage of market opportunities and incumbents have to re- think their current practices. We argue that strategic asset management is a source of sustainable competitive advantages and it lies at the core of the innovative development both for generating and distribution companies. We employ a linear programming technique in order to classify and compare companies (within two segments) in terms of revenue generating efficiency versus cost efficiency. The resulting scores are plotted on two-dimensional matrices. We provide additional analysis of secondary data in order to infer on best practice within the industry. The results of the present research provide useful insights both for market incumbents and possible new entrants concerning the competitive dimension with a focus on the role of strategic asset management. The theoretical contribution lies in the study of asset management strategies, competition and competitive advantages within the industry.

Keywords: competition, strategy, benchmarking, asset management, Power Companies

In book

International Research Conference “GSOM Emerging Markets Conference-2020”

St. Petersburg State University Graduate School of Management, 2020.