Suchergebnisse

The paper introduces both methodology and practical implementation of roadmapping in the sphere of financial mega-regulation in Russia. We expertise performance of the Bank of Russia who is set to take on the role of a megaregulator of the whole of the country's financial system since September 2013. We discuss expert assessments of the key challenges facing Russian financial system, and of the feasibility of the first mega-regulative measures by the Bank of Russia. By matching both groups of expert results we develop a series of road maps along the most significant fields of mega-regulation, and derive analytical conclusions about mega-regulator's efficiency in meeting contemporary and future challenges.

The paper generalizes the beginnings of institutional design and development of financial mega-regulator in Russia within the challenging economic environment. Empirical background involves qualitative studies in the form of expert interviews with staff members of the Bank of Russia and with financial market stakeholders. We use expert assessments supported by our own desk research for analytical treatment of successes and potential institutional failures at the first steps of financial mega-regulation in Russia.

The article focuses on the application of process management models in industrial enterprises which best enhance their competitiveness and efficiency under the conditions of crisis development, increased risks, and uncertainty.
The presented results of the study are based on the expert survey conducted among the heads and managers of Kuzbass machine-building enterprises on process-oriented management for the period 2015-2018. By interviewing 500 respondents – the participants of the conferences, seminars, round table discussions, and trainings held within the framework of various thematic exhibitions and fairs in Kemerovo and Novokuznetsk – the opinions of the managers and the leading experts representing 70% of the enterprises of this industry were analyzed and summarized to specify their perceptions about the organizations' activities and identify the urgent management problems they face. The article raises the main problems of implementing process management in the companies identified and ranked by the authors in the questionnaire which are as follows: first, non-optimal organizational structure, the need to restructure it and adapt to the process model; second, insufficient staff skills and general knowledge of process management; third, lack of financial resources and high time consumption; fourth, unclaimed processes, weak linkages to performance and the need to reduce excessive vertical interactions in their implementation.
The possibilities to improve management in machine-building enterprises are considered from the point of view of process management. Risk-forming factors have been identified and optimal methods of risk management have been justified to ensure the efficiency of business structures in the field of production, and mechanical engineering. Conclusions have been drawn on the possibility of applying such an approach in almost any organization under the conditions of standard management, as well as the need to create up-to-date methods of process management with the specifics of machine-building enterprises, to adapt modern software to the conditions of digital economy, and to improve the skills and retraining of the managers.

Knowledge intensive business services (KIBS) are special in that they rely on knowledge exchange between service providers and consumers and thus intensive cooperation between the two parties is essential at all stages. This implies approaches to find the "right" provider may have to differ from those used in the sector of more homogeneous services and goods. Public procurement regulation aims to improve competitiveness, yet does this help achieving the best value for money in the procurement of KIBS? Legislative constraints on the types of admissible public procurement mechanisms may have an undesirable effect on the provider selection, meaning that services may not be purchased from the most efficient or the most suitable provider. As a benchmark, private consumers are unconstrained in their choice of KIBS providers. We exploit this difference to study the efficiency of KIBS purchases by the public sector, as compared to that in the private sector. Using the 2007 and 2011 waves of a unique survey of KIBS consumers in Russia, we find, inter alia, that the public sector reports lower satisfaction from KIBS and admits a lower level of co-production than the private sector. Our main recommendations refer to the optimal choice of public procurement methods.

The paper addresses the results of the First International Conference "The Eurasian Economic Union (EAEU) Financial Regulation: Challenges and Perspectives", which was organised jointly by Moscow State University Faculty of Economics and the Eurasian Economic Commission (October 13-14, 2016). The conference was designed as a discussion platform for experts from EAEU states, for representatives of academic and business communities, and for national and supernational regulatory authorities. Participants discussed the future of harmonised financial legislation and regulation, of perspectives for supernational regulation of financial markets within EAEU; of basic financial market segments and their regulation, and of key infrastructural and institutional issues of EAEU financial integration.