Abstract
Economic researches in the area of integrated interrelations between industrial companies are particularly topical under conditions of globalization. The goal of this scientific research is to investigate the essence of integrated process with the participation of economic entities of the fuel and energy complex. In order to achieve the goal, the essence of industrial integration under current conditions was determined; its role in the development of integrated industrial structures of the fuel and energy complex of economy was defined; elements of the process of industrial integration on the basis of innovations and manufacture modernization were classified. In order to extend the research, special literature stating approaches to efficient management in the area of business combination is reviewed. Terms and conditions of establishing and conducting business in the country are characterized as the basis for integration processes. Integration of companies on the basis of merger and acquisition (M&A abbreviation) transactions is regarded as a special financial and economic tool. Measures on internal integration of manufacturing complexes on the basis of modernization and innovations are offered.
Highlights
The globalization of the world economy is related to integration processes that are revealed through the consolidation of the role of transnational companies, growth of investment activity of state and private companies by implementing transactions with the participation in partners’ capital and without it
Tasks of the research study: - to reveal the essence of industrial integration, its role in the development of integrated industrial structures, - to characterize the state of integration processes in branches of the fuel and energy complex of economy, - to classify elements of the industrial integration process on the basis of innovations and production modernization
3.1 Essence of Industrial Integration, Its Role in the Development of Integrated Industrial Structures Researches of famous scientists have a significant role in the development of an efficient strategy of the business development by means of integration
Summary
The goal of this research is to reveal the essence of economic entities’ integration and adapt the gained international experience to the Russian economy
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