VESTNIK
Bashkirskogo universiteta

RUSSIAN
ISSN 1998-4812

Archive | Volume 20, 2015, No. 3.

ANALYSIS OF CURRENT STATE THEORY OF CORPORATE DEVELOPMENT ON THE EXAMPLE OF TRANSNATIONAL COMPANIES PETROCHEMICAL AND REFINING PROFILE

Vestnik Bashkirskogo Universiteta. 2015. Vol. 20. No. 3. Pp. 907-912.
Fedorova O. A.
Ufa State University of Economics and Service
145 Chernyshevsky St., 450078 Ufa, Republic of Bashkortostan, Russia.
Email: olgaf79@mail.ru

Abstract

The company's success depends on the system analysis of the financial condition of the company and management decisions for further development and the transition to a new phase of the organization’s life cycle. The article deals with the most famous model of corporate enterprise development proposed by L. Greiner, I. Adezis, K. Pumpin and D. Prange, N. Kondratyev and P. Drucker, from the perspective of business development of the petrochemical and refinery profile. The external and internal causes of the crisis of their characteristics that affect management decisions are revealed. Sustainable management parameters are identified such a normative level, strategic actions and expenses for creating sustainable competitive advantages, sustainable development (resources and skills). One of the criteria for assessing the development of entrepreneurial activity is proposed to use the annual net profit. On the basis of this index transnational petrochemical and refining companies can create a “curve of the enterprise life cycle” and analyze domestic financial and economic state and external political competitive state in order to take “correct” well-timed decisions and prevent the company from death.

Keywords

  • • competitiveness
  • • governance model
  • • the life cycle of the enterprise
  • • innovation
  • • entrepreneurship
  • • the development phase

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