Economic Analysis: Theory and Practice
 

Theoretical framework for developing a strategy of industrial enterprise's operating activities

Vol. 17, Iss. 8, AUGUST 2018

Received: 14 May 2018

Received in revised form: 25 May 2018

Accepted: 15 June 2018

Available online: 29 August 2018

Subject Heading: BUSINESS PERFORMANCE

JEL Classification: М10, М20, О20, О21

Pages: 1449–1464

https://doi.org/10.24891/ea.17.8.1449

Kulakova Yu.N. Ural Social and Economic Institute (Branch) of Academy of Labor and Social Relations, Chelyabinsk, Russian Federation
Kulakova174@mail.ru

ORCID id: not available

Kulakov A.B. Ural Social and Economic Institute (Branch) of Academy of Labor and Social Relations, Chelyabinsk, Russian Federation
Finansist_97@2074.ru

ORCID id: not available

Importance The article explores operating activities of industrial enterprises as an object of strategic management.
Objectives The purpose of the study is to develop theoretical framework for strategy formation of industrial enterprise's operating activities on the basis of quantitative criteria.
Methods We offer a theoretical approach to the strategy formation, which rests on the classification developed on the basis of additive production function. The approach is characterized by presence of quantitative indices setting the goals for the enterprise.
Results We offer a classification of activities of an industrial enterprise on the basis of a number of attributes, define the strategy of operating activities and its purpose. We also present our own approach to operating activities strategy formation of the industrial enterprise. The findings can be used for planning the operating activities of industrial enterprises to harmonize their general and operational strategies. The proposed approach to the classification of operating activities strategies enables to evaluate the efficiency of enterprise's strategy and develop recommendations for its enhancement.
Conclusions The paper provides a rationale for the strategy of operating activities as an element of the strategic management system of the industrial enterprise, and offers a theoretical approach to the said strategy formation and adjustment.

Keywords: industrial enterprise, operating activities, strategy

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