Advancing Competitiveness and Developing the Innovation and Investment Potential of Industrial Enterprises Using Cluster Strategies

  • Diana MADIYAROVA Department of International Economic Relations, Faculty of Economics, Peoples' Friendship University of Russia (RUDN University), Moscow, Russian Federation
  • Artur ŁUNIEWSKI Department of Marketing, Faculty of Economics and Management, University of Bialystok, Republic of Poland
  • Aliya IBRAEVA Department of Finance, Faculty of Economics, Shakarim University, Semey, Republic of Kazakhstan

Abstract

This study investigates the mechanism of formation of competitive advantages and competitive factors influencing the competitiveness of industrial production. Analyzing the views of foreign and local researchers on the formation of competitive advantages of industrial enterprises, we consider the diversification of industrial enterprises for intra-cluster optimization as well as the ways to improve the economic efficiency of optimization of industrial enterprises. The trends to increase economic efficiency of optimization of industrial sphere enterprise performance are presented. It can be concluded that its evaluation is a procedure that allows presenting objective results of the activities of the evaluated enterprises, both current and prospective, obtained in the framework of the implementation of the overall development strategy by influencing various groups of efficiency factors.


 

References

[1] Araslanov, T.K. 2012. Diversification as an instrument of enterprise management. Problems of Economics and Management, 10(14): 27-30.
[2] Azoev, G.L. 1996. Competition: Analysis, Strategy and Practice. Center of Economics and Marketing.
[3] Bulgakova, I.N. 2013. Clusters as an innovative form of regional economic development. Modern Economics: Problems and Solutions, 7(43): 8-17.
[4] Chamberlin, E. 1933. Theory of monopolistic competition. The Economic Journal, 43(172): 661-666.
[5] Cournot, A. 1838. Recherchessur les Principes Mathématiques de la Théorie des Richesses. Dunod.
[6] Edgeworth, F.I. 1897. La teoria pura del monopolio. Giornale degli Economisti, 15: 13-31.
[7] Fatkhutdinov, R.A. 2009. Levels and objects of competitiveness. Modern Competition, 4(16): 123-138.
[8] Feser, E.J. 2001. Incorporating Spatial Analysis in Applied Industry Cluster Studies. University of North Carolina.
[9] Hayek, R. 1948. Individualism and Economic Order. George Routledge & Sons.
[10] Hroznyy, I. 2015. Of industrial enterprises mechanism for the use benchmarking in the quality management process development. Skhid, 5(137): 27-31. DOI: http://dx.doi.org/10.21847/1728-9343.2015.5(137).50970
[11] Klevtsov, S.M., and Dorenskaya, I.N. 2015. Realization of the choice of alternative strategies of the product policy of the enterprise on the basis of fuzzy-multiple modelling. Bulletin of Transbaikal State University, 2(117): 130-135.
[12] Kono, T. 1987. Strategy and Structure of Japanese Enterprises. Palgrave Macmillan UK.
[13] Lyandau, Yu.V., Kalinina, I.A., Garnov, A.P., and Garnova, Y.Yu. 2018. Research of the Russian companies' potential and the success factors. European Research Studies Journal, 21(Special Issue 1): 250-260.
[14] Naumenkova, S., Mishchenko, S., and Dorofeiev, D. 2019. Digital financial inclusion: Evidence from Ukraine. Investment Management and Financial Innovations, 16(3): 194-205.
[15] Nemchenko, G., Donetskаia, S., and Diakonov, K. 2008. Diversification of production: goals and directions of activity. Problems of Management Theory and Practice, 1: 107-111.
[16] Nikitin, S.A., and Tarasova, I.A. 2016. Coordination of the strategy of specialization and diversification in the process of functioning of an industrial enterprise. Region Economy, 2(65): 33-38.
[17] Nikulin, N.A. 2013. Innovative clusters. International Technical and Economic Journal, 3: 34-38.
[18] Novikov, N.I., and Matchstick, O.I. 2011. Diversification of industrial activities of the industrial enterprise to increase its investment attractiveness. Paper presented at conference ‘Modern problems and their solutions in science, transport, production and education’, December 20-27, in Odessa, Ukraine.
[19] Pascier, M. 1994. Diversification and efficiency. Problems of Theory and Practice of Management, 3: 79-82.
[20] Pavlov, N.N. 2013. Formation of a diversification strategy for a machine-building enterprise. Bulletin of the Saratov State Socio-Economic University, 3(47): 58-63.
[21] Plaskova, N.S., et al. 2017. Methodological support of organizations implementing innovative activities investment attractiveness estimation. Journal of Advanced Research in Law and Economics, 8(8): 2533-2539.
[22] Porter, M.E. 1980. Competitive Strategy: Techniques for Analysing Industries and Competitors. Free Press.
[23] Porter, M.E. 1985. Competitive Advantage. Free Press.
[24] Porter, M.E. 2000. Competition. Williams.
[25] Raikov, A.Yu. 2008. Diversification of production as a factor in the development of domestic enterprises. Bulletin of Tver State University, 18: 88-98.
[26] Rakhmetollov, A.K., et al. 2018. Law enforcement agencies in the system for the rights of entrepreneurs’ protection. Journal of Advanced Research in Law and Economics, Volume IX, Winter, 7(37): 2408-2414.
[27] Robinson, J. 1933. The Economics of Imperfect Competition. Palgrave Macmillan UK.
[28] Rubin, Yu.B. 2010. Discussion questions of the modern theory of competition. Modern Competition, 3(21): 38-67.
[29] Rudenko, M.N. 2017. Economic security of regions. Journal of Advanced Research in Law and Economics, Volume VIII, Winter, 8(30): 2568-2585.
[30] Schumpeter, J. 1942. Capitalism, Socialism and Democracy. Routledge.
[31] Serpilin, A. 1996. Analysis of the investment attractiveness of the industry. Consultant Director, 5: 19-26.
[32] Smailova, A.A. (Ed.). 2018. Kazakhstan in Numbers. Agency of the Republic of Kazakhstan on statistics.
[33] Tereshchenko, E.Y., et al. 2017. Methodological basis of business value estimation. International Journal of Applied Business and Economic Research, 15(11): 11-18.
[34] Yudanov, A.Yu. 2012. Competition: Theory and Practice. Nauchnoyeobozreniye.
[35] Zoidov, K.K., Medkov, A.A., and Zoidov, Z.K. 2016. The Development of a Transitive Economy is the Basis of Stability. Security and modernization of Russia and the countries of Central Asia.
[36] Cluster Policy in Europe. A Brief Summary of Cluster Policies in 31 European Countries. Europe Innovation Cluster Mapping Project. Oxford Research. 2008. Available at: https://www.ifm-bonn.org//uploads/ tx_ifmstudies/Cluster_Policy_in_Europe_2008.pdf
Published
2019-12-30
How to Cite
MADIYAROVA, Diana; ŁUNIEWSKI, Artur; IBRAEVA, Aliya. Advancing Competitiveness and Developing the Innovation and Investment Potential of Industrial Enterprises Using Cluster Strategies. Journal of Advanced Research in Law and Economics, [S.l.], v. 10, n. 8, p. 2417 – 2428, dec. 2019. ISSN 2068-696X. Available at: <https://journals.aserspublishing.eu/jarle/article/view/5288>. Date accessed: 29 mar. 2024. doi: https://doi.org/10.14505/jarle.v10.8(46).20.