Lessons from the crisis (On the book “The response of Russian business to the COVID-19 pandemic (Six industry cases)” edited by T. G. Dolgopyatova, N. V. Akindinova, Y. V. Simachev, A. A. Yakovlev)

Author:

Ruzhanskaya L. S.1ORCID

Affiliation:

1. Ural Federal University named after the first President of Russia B. N. Yeltsin

Abstract

The article discusses the main provisions of the book “The response of Russian business to the COVID-19 pandemic (Six industry cases)” and, in this regard, the difficulties and prospects for the development of Russian companies and industries, as well as the national economy in general, under complex sanctions. The short post-crisis development of the six industries presented in the monograph and possible forks for companies and structural policy in the acute phase of the current crisis are analyzed. In addition, it is proposed to consider industries that have not fallen into the focus of the authors’ attention, but are significant for indicating medium-term trends in the development of the Russian economy, such as the production of hydrocarbons, food products, ferrous and non-ferrous metals. On the basis of the results obtained in the book, current development trends at the global and national levels are highlighted. The article notes the need for an integrated approach to the elaboration of state policy and concludes on the possibility and directions for using the lessons of the crisis caused by the coronavirus pandemic, both by the state and business, to transform the principles of management in the new reality.

Publisher

NP Voprosy Ekonomiki

Subject

Economics and Econometrics,Finance

Reference21 articles.

1. DSM Group (2021). Russian pharmaceutical market 2021. Moscow. (In Russian).

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3. Gurkov I. B., Kossov V. V. (2014). Development of the Russian division of an international corporation: The experience of KNAUF CIS. Russian Management Journal, Vol. 12, No. 1, рр. 95—116. (In Russian).

4. Dolgopyatova T. G., Ivasaki I., Yakovlev A. A. (eds.) (2007). Russian corporation: Internal organization, external interactions, development prospects. Moscow: HSE Publ. (In Russian).

5. Dolgopyatova T. G., Libman A. M., Petrov I. O., Yakovlev A. A. (2015a). The role of a board of directors in Russian growing companies: A case of Joint Stock Financial Corporation “Sistema”, Part I. Russian Management Journal, Vol. 13, No. 1, pp. 91—112. (In Russian).

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