Fundamentals of Industrial Strategizing: Formation of the Concept

Abstract

   The dynamism of the economic environment, associated with a change in the group of strategic factors and the resource base, leads to a forced reduction in the required time to search for and justify strategic decisions regarding the implementation of cardinal opportunities, while the cost of a mistake increases. In this context, the choice and justification of the long-term vector and the object development trajectory, which corresponds to the process of developing and further implementing the strategy, acquires the highest importance.   It becomes necessary to know and apply verified and reasonable approaches to strategizing, on the contrary, the lack of understanding or the use of approaches and tools that do not meet the requirements can lead to methodological errors that have long-term negative consequences for the strategizing object. In turn, industries are one of the prospective strategizing objects, and it is they who are able to act as drivers for the development of economic systems as a whole. In order to eliminate errors and reduce impractical and methodologically incorrect documents on industrial development that do not have a strategic character, it is proposed to systematize and clearly regulate the sequence of industrial strategizing, which is the purpose of this scientific study.   Since the most critical errors occur at the initial stages of strategizing, to a greater extent this research is focused on the formation of the concept — the core block of any strategy. In accordance with this, the scientific article presents the main stages of industry strategizing, describes in detail the essence and procedure for the formation of the concept of industry strategy.