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Methods of industrial enterprise strategic management: Integration of approaches

Author

Listed:
  • Tatyana Yu. Zheleznova

    (Chelyabinsk Mechanical Plant, Chelyabinsk, Russia)

  • Elena D. Vaisman

    (South Ural State University, Chelyabinsk, Russia)

Abstract

The article aims to develop an integrated method for managing an industrial enterprise highly responsive to the challenges of a changing environment. The theory of the firm, the general theory of management and strategic management theory constitute the methodological basis of the study. The research methods are structural-logical analysis, comparative analysis, and matrixing. We distinguish between three industrial enterprise management methods, based on: (a) complex financial indicators, (b) a balanced scorecard, and (c) a system of continuous improvements. The results of comparative analysis allowed identifying high-potential methods of strategic management. We conclude that it is expedient to integrate various methods, which will level the shortcomings of each of them and, in some cases, help obtain a synergistic effect. The study proposes a mechanism for integrating a balanced scorecard with the Hoshin Kanri tools, which contributes to the development of strategic management theory. The mechanism can be of use for industrial enterprises when formulating their development strategy.

Suggested Citation

  • Tatyana Yu. Zheleznova & Elena D. Vaisman, 2022. "Methods of industrial enterprise strategic management: Integration of approaches," Upravlenets, Ural State University of Economics, vol. 13(2), pages 2-19, May.
    • Handle: RePEc:url:upravl:v:13:y:2022:i:2:p:2-19
    DOI: 10.29141/2218-5003-2022-13-2-1
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    References listed on IDEAS

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    More about this item

    Keywords

    strategic management; methodology; methods; industrial enterprise; balanced scorecard;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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