Structure of State-owned Corporation’s Value Chain: Strategic Analysis

Abstract

Relevance. The article discusses the structural and substantive aspects of state-owned corporations from the perspective of internal and external environment. The role of state-owned corporations in the Russian economy is growing more and more, individual industries are almost completely functioning on the basis of state-owned corporations, which makes a strategic analysis of such economic actors an urgent problem. The article provides a strategic analysis of the activities of state-owned corporations based on the value chain management methodology. Analysis of the external and internal environment of a state corporation allows us to conclude that despite the fact that economic actors that are legally dependent on a state-owned corporation operate on the basis of market principles, the state corporation itself, as a non-profit organization, performs the functions of the state to institutionalize relations between individual economic actors. The purpose of the study is to demonstrate the institutionalizing role of state-owned corporations in relation to individual sectors of the economy. The objectives of the research are to identify trends in the development of state-owned corporations in modern Russia as agents of the state in embedding and coordinating links between economic actors in the strategic sectors of the Russian economy, as well as developing a model for the value chain of a state-owned corporation. The results of the research. Using the methodology of institutional and strategic analyses, the specific functions of state-owned corporations in coordinating inter-firm, intra-industry and inter-industry relations of economic actors in the strategic sectors of the Russian economy under the control of state-owned corporations have been identified. Despite criticism of the mechanism of manual administration of the economy, the article shows the need to establish links between economic actors by administrative methods and the establishment of legal control.

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