Abstract
This article discusses the issues of improving strategic management of sustainable development of enterprises of the Russian Federation. The management of many companies continues to demonstrate an inadequate attitude to the development and implementation of a system of measures to ensure the proper level of sustainability of an industrial company. The main problem considered in the study is the insufficiently perfect mechanism for the strategic management of the investment policy of industrial enterprises in the Ural region of Russia. The management of many enterprises does not conduct a comprehensive assessment of sustainability and does not rely on the triad of sustainable development indicators—economic, environmental, and social. This negatively affects the strategic management decisions made. Under an insufficiently perfect mechanism, in this study, we refer to the following: At Russian regional enterprises, there is no close connection between the processes of making strategic decisions and the investment policy of the enterprise. This leads to certain errors in the formation of the enterprise strategy. The connecting element of these processes is highlighted. It is a comprehensive assessment of sustainability. The main objective of this study is to improve the model and mechanism of strategic management of the investment policy of the enterprise in the context of the environmental and economic status of the business. The proposed model is based on the principles considered from the perspective of three directions—economic, social, and environmental. This model provides for a close interconnection of components: management decision-making, investment policy development, and comprehensive assessment of sustainable development strategy. Based on the analysis of scientific works, the practice of managing industrial enterprises and certain gaps have been identified in theoretical sources related to the topic, problem, and objectives of the article. The methodological base of the study is determined, and methodological aspects of the analysis of the ecological state of business projects and the formation of strategic management of investment activity of an industrial enterprise are substantiated. The model for managing sustainable enterprise development is presented. This model provides for close interaction between the mechanisms for developing strategic decisions and managing the investment policy of the enterprise based on the environmental component of the business as a factor in sustainable development. Tools are proposed that ensure interconnection and synergy between the components of strategic management of the investment policy of the company and improve the quality of management decisions.
Highlights
In the last 5–6 years, the socio-economic condition of Russia has been experiencing certain difficulties associated with the impact of both external and internal environmental factors
This study proposes the development of additional indicators of sustainable development, which are typical for enterprises of a particular selected industry
In the process of conducting research on the activities of an industrial enterprise, an analysis of the stability of the enterprise was carried out using the existing Altman and Lis models and an improved five-factor model that takes into account the specifics of Russian companies
Summary
In the last 5–6 years, the socio-economic condition of Russia has been experiencing certain difficulties associated with the impact of both external and internal environmental factors. The crisis and a serious slowdown in economic growth were due to the general state of the world economy, the deterioration of relations with a number of leading countries, and the domestic economic and financial problems of the Russian Federation. This, has stepped up the search for ways and new methods to maintain competitive positions, improve management mechanisms, and achieve a steady state and the development of business entities. Representatives of the scientific community, states, owners, and heads of backbone enterprises of the country have stepped up their development in the direction of improving strategic management of sustainable development of enterprises based on a balance of the three fundamental areas of this concept—capital, social welfare, and improving the environmental situation. Many Russian companies continue to experience problems associated with the lack of investments necessary for the implementation of vital business projects. Despite a sharp decline in inflation and restoring order in the banking sector, lending rates for industrial enterprises remain very high, economic indicators are gradually declining, and access to foreign, in particular, European investments is difficult
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