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Entrepreneurship and Sustainability Issues Open Access Q1
Scopus - coverage starting with 2017 material
Received: 2018-02-15  |  Accepted: 2018-05-20  |  Published: 2018-06-30

Title

Specifics of strategic managerial decisions-making in Russian oil companies


Abstract

The article considers methodological tools for developing and adopting strategic management decisions at oil and gas companies. For this purpose, the authors set and successively solved the following tasks: the most significant features of management decisions were classified regarding the operation of large vertically integrated oil companies (VIOC); the study presents a model of the full cycle of strategic management at industrial enterprises; the authors propose an original algorithm for the development of strategic decisions at VIOC and review the existing general theoretical tools used for selecting strategic alternatives regarding their applicability at various levels of the company’s management hierarchy; a mechanism for devising and taking strategic decisions has been developed on the example of the oil production department; the authors determined the significance of strategic managerial decisions that are currently transforming from traditionally functional into the corporate ones. The revealed positive dynamics in the costs of research and development (R&D), the increase in the number of applications for patents, and the findings of a survey conducted among top management of oil and gas companies have proven the importance of innovation and taking accurate managerial decisions on its implementation. In addition to this, the paper provides evidence that all oil and gas companies are currently using modeling as a key tool when making managerial decisions.


Keywords

management, strategy, managerial decisions, oil companies, innovation


JEL classifications

L21 , L71 , D70 , M19 , O32


URI

http://jssidoi.org/jesi/article/188


DOI


HAL


Pages

858-874


Funding


This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Plenkina, Vera Vladimirovna
Tyumen Industrial University, Tyumen, Russian Federation https://www.tyuiu.ru
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Andronova, Irina
LLC "LUKOIL-Engineering”, Moscow, Russian Federation http://www.lukoil.ru
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Deberdieva, Elena
Tyumen Industrial University, Tyumen, Russian Federation https://www.tyuiu.ru
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Lenkova, Olga
Tyumen Industrial University, Tyumen, Russian Federation https://www.tyuiu.ru
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Osinovskaya, Irina Vladimirovna
Tyumen Industrial University, Tyumen, Russian Federation https://www.tyuiu.ru
Articles by this author in: CrossRef |  Google Scholar

Journal title

Entrepreneurship and Sustainability Issues

Volume

5


Number

4


Issue date

June 2018


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

HTML views: 1461  |  PDF downloads: 623

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