Mechanism of strategic competitive advantages for mining companies
Authors:
About authors
- Ph.D. associate professor Saint Petersburg State Mining University
Abstract
Effective strategic management of mining companies is based on mechanisms of formation of the steady competitive advantage, realised by means of purposeful and co-ordinated strategy. The model of strategic management by competitiveness of the company is based on the resource concept, the theory of the value based management, the institutional theory, the theory of competitive advantages. Basic distinctions between the theory of positioning and the resource theory are shown. Importance of the account of the institutional restrictions creating artificial competitive advantages is proved. The approach to an estimation of efficiency of financially-investment strategy of the company is offered.
Область исследования:
(Archived) Economical problems in use of subsurface and development of the mineral resources complex
Keywords:
strategic management
competitive advantages
competitiveness
specific assets
strategic assets
the institutional environment
Funding:
None
References
- Azoev G.L., Chelenkov A.P. Competitive advantages of firm. Moscow, 2000.
- Ansoff I. Strategic management. Moscow, 1989.
- Varnavsky V.G. Partnership of the state and a private sector. Moscow, 2005.
- Katkalo V.S. Evolution of the theory of strategic management. Saint Petersburg, 2008.
- Lukianov S.A. Definition of branch barriers of an input at market is a central dynamic characteristic of branch // Problems of modern economy. 2006. N 3/4.
- Pahomova N.V., Richter K.K. Economy of the branch markets and the policy of the state. Moscow, 2009.
- Sergeev I.B., Ponomarenko T.V. Valuation of mineral assets of mining company by real-options valuation // Problems of modern economy. 2010. N 4.
- Skobelev V.L. Modeling of relations of an exchange and a competition of managing subjects: the Theory of the coordination of interests. Saint Petersburg, 2005.
- Barney J.B. Firm resources and sustainable competitive advantage //Journal of Management. 1991. Vol.17.
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