Assessment of Application of Modern Management Technologies by Russian Regional Business under Conditions of New Industrialization Development

DOI

10.2991/sicni-18.2019.58How to use a DOI?

Keywords

method, management tool, management technologies, ranking, new industrialization, strategy, management

Abstract

This paper concerns modern management technologies that relate to the current stage of the new industrialization development. It proves that methods and tools of management, owing to the development of the new industrialization, ought to undergo changes to provide an efficient solution to current tasks of management. It also proves that methods and tools of management differ. The article provides scientific definitions of the notions “method of management” and “tool of management”. It presents a critical analysis of findings of ten-year ranking reviews by Bain & Company, which operates in the field of consultancy, related to the most popular tools that management of international and national companies apply in the early 21st century. We have used the findings of research conducted by Astrakhan Region’s scientists over 2006-2016 as empiric material. This paper presents a set of modern management technologies that managers of regional enterprises apply under the current post-crisis development stage; it also gives grounds for application of this or that technology. It reveals why four classic technologies have been the most popular and efficient ones: strategic planning, benchmarking, balanced scorecard (BSc), and customer relationship management (CRM). We have researched the six of ten best management tools that Russian CEOs apply. This article proves that a number of management technologies (strategic planning, mission and vision declaration, core competencies, and BSc) are particular tools of the method that provides efficient management of a modern company – strategic management. Special attention is paid to BSc, which are an efficient tool to manage realization of a corporate strategy; it is topical to introduce them as part of a strategic management system at Russian enterprises.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Raisya Akmaeva
AU  - Oksana Mineva
AU  - Edvard Glinchevskiy
PY  - 2019/01
DA  - 2019/01
TI  - Assessment of Application of Modern Management Technologies by Russian Regional Business under Conditions of New Industrialization Development
BT  - Proceedings of the 2nd International Scientific conference on New Industrialization: Global, national, regional dimension (SICNI 2018)
PB  - Atlantis Press
SP  - 288
EP  - 292
SN  - 2352-5398
UR  - https://doi.org/10.2991/sicni-18.2019.58
DO  - 10.2991/sicni-18.2019.58
ID  - Akmaeva2019/01
ER  -