Academic journal article Asian Social Science

The Formation of the Corporate Structures Development Strategy Based on the Quality Management Methods

Academic journal article Asian Social Science

The Formation of the Corporate Structures Development Strategy Based on the Quality Management Methods

Article excerpt

Abstract

The purpose of this article is to improve the management efficiency of the large industrial associations with high concentration of the capitals (corporations) under conditions of the highly turbulent Russian economy. The article submitted defines the content of the corporate structures development strategy on the basis of the quality management methods. The fundamental of the submitted work is the methodological approach considering the agent conflict and the dynamics of the agent expenses in corporate structures. The article provides practical recommendations for developing an effective corporate management system within the enterprises of the Russian economy real sector. The article is intended for the chiefs of the enterprises, top managers, the researchers dealing with the issues of corporate structures strategic planning.

Keywords: corporate structures, strategy development, quality management methods, agent conflict

1. Introduction

The contemporary situation in Russian economy is characterized by the lack of stability in the economic, legal and social relations. The distortion of the institutional environment has violated the forces placement, and, therefore, shifted the development trajectory, distorted functioning and provided the stakeholders' conflict. The existing distorted production structure and reproduction model of the Russian economy, as well as weak industrial competitiveness impose significant obstacles for the country sustained economic growth with high economic dynamics (David & Olorunfemi, 2010; Lapigin et al., 2005).

The objectives of the large industrial associations are the stabilization and business solvency growth while determining the mechanisms of the strategy development and the arrangements of the entities' effective interaction (Fathutdinov, 2008; Ansoff, 2009; Gurbuz & Aybars, 2010).

The concentration of the industrial structures allows to significantly influence not only a certain economic sector or a region, but also a country and the world development on the whole, providing certain stability, schedule ability, adjustability and prognosticability of the market economy (Porter, 1993). The modern post-industrial economy which has chosen an innovative way of development cannot rely on unregulated market management. In this aspect the corporate associations play a meso- and macroeconomic role in terms of projects implementation and formal and informal agreements of the voluntary economic entities.

The analysis of the domestic enterprises management system shows that despite keen interest to the quality management methods of the particular economic agents which can be observed in ISO standards implementation and production quality control system, business community feels lack of necessary knowledge and experience in drafting and implementation of the effective development system that is based on the quality management tools (Gumerov et al., 2013). To our reckoning, the concurrence of the common and strategic management principles will provide solutions connected with the increasing efficiency of the production management, employees motivation, increasing quality overall production, serving stakeholders' interest at most (the hypothesis of the research).

In this regard it seems appropriate to apply to the quality management tools which efficiency has already been confirmed by domestic and foreign practices (Testa et al., 2014; Deming, 2011; Glischev, 2009; Gorbashko, 2008; Gugelev, 2007). That particularly concerns acquiring the long-term competitive advantages by the economic entities.

2. Materials and Methods

The broad idea of the experiment was to develop a tool to identify corporate structures ( as there is no legal definition in the Russian Federation), methodological grounding for the total quality control implementation into the strategic planning of the corporate entity, the development of the tools and system of the strategic planning basing on the quality management methods. …

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