No 12 (2025)

The article analyzes the mechanisms of business strategy adaptation in the context of sustainable development, with a focus on economic and managerial aspects. It examines institutional and market drivers of strategic transformation, as well as practical approaches to integrating ESG frameworks into corporate structures. The study presents two roadmaps – for economic and managerial adaptation – outlining key directions, tools, and expected outcomes of implementation. Particular attention is given to aligning long-term business objectives with sustainability principles. The article also provides examples of strategies adopted by leading international companies (Apple, Amazon, Intel, Johnson & Johnson), demonstrating the effectiveness of ESG integration in corporate governance and investment planning.

The article considers the management of state projects in Russia. The authors reveal the evolution of the introduction of state project management in Russia, identify the features of project management in the public sector. The problems of implementation of state programs, management of state projects and proposed ways to solve them are identified.

This article is devoted to the important issue of improving personnel audit to increase the efficiency of a manufacturing enterprise. Due to the increasing importance of the role of personnel involved in the activities of enterprises of various industries and forms of ownership, human capital is becoming a leading economic resource. Continuous monitoring with the use of audit of personnel processes at the enterprise is necessary to improve the efficiency of human resource management and minimize risks. The article presents a description of the current model of personnel audit technology used at the enterprise, defines the sequence of actions and characteristics of the stages. As a result of the conducted research, the use of a systemic tool “multi-level audit” is proposed to improve operational efficiency.

This paper examines a key stage of audit and analysis of financial statements – the selection and substantiation of a benchmark for calculating the materiality level. The correct benchmark directly determines the efficiency and effectiveness of the audit, as well as the scope of planned audit procedures. Special consideration is given to the criteria for selecting the most relevant benchmark from financial reporting. The practical value of the study is illustrated using the example of calculating the materiality level for JSC Holding Company Novotrans. The results confirm that the developed approach contributes to enhancing the efficiency of audit procedures and the quality of the auditor’s opinion.

This article examines the financial condition of leading Japanese automotive manufacturers (Toyota, Honda, Mitsubishi) over the 2019–2024 period to assess their impact on Japan's macroeconomic stability. An analysis of key financial indicators (ROA, ROE, liquidity ratios) demonstrates high financial efficiency and a conservative capital management policy. Empirical modeling using linear regression confirmed the statistically significant positive influence of aggregated corporate financial metrics and the TOPIX index on Japan's GDP dynamics, emphasizing the corporate sector's pivotal role in shaping the country's economic stability.

The article discusses issues related to the informatization of the system of preferential provision of free medicines to Russian citizens at the federal and regional levels. It presents an analysis of the Unified Regional Information System for the Preferential Drug Provision of the Population of the Kaluga Region, which unites all medical, pharmaceutical, and pharmacy organizations in the region and automates all work processes from determining needs and generating requests to the delivery, prescription, and dispensing of medicines and medical devices.

The article examines the role and potential of IFRS S1- General Requirements for Disclosure of Sustainability-related Financial Information standard, in ensuring interoperability between sustainability-related information and IFRS financial statements. Prior to the introduction of IFRS S1, existing sustainability reporting frameworks (GRI, SASB) developed separately, leading to issues related to informational inconsistencies and low reliability.Using a methodology of qualitative and normative analysis, the study demonstrates that IFRS S1 can be considered a powerful instrument for enhancing the reliability of financial information by mandating integration. The standard ensures interoperability through three key mechanisms: the application of the same information framework and assumptions; the mandatory establishment of direct linkages with core IFRS standards; and the requirement for the same reporting period. However, the implementation of IFRS S1 also faces challenges related to the low reliability of qualitative data and the lack of mandatory external assurance. The authors suggest strengthening internal control systems and implementing professional development programs to maximize the positive impact of IFRS S1 on the quality of reporting.

The article discusses the issues of attracting investments and the participation of foreign companies to the economy of the Kyrgyz Republic. According to the analysis of statistical data for 2012-2024, foreign companies are making a significant contribution to the economy of the republic in the field of mining, manufacturing, energy, trade, etc. The key problems and mutual risks of attracting investments, as well as ways to increase the country's investment attractiveness, have been identified

In this article, the author analyzes the impact of sanctions on the advertising activities of Russian companies. The introduction of sanctions against the Russian Federation has led to a transformation of marketing communications in the domestic market. Advertising has undergone a comprehensive overhaul, affecting its technological base, media strategies, and communications methods. The withdrawal of Western digital platforms from the market and the disruption of international value chains have forced companies to urgently adapt.

This article examines the transformation of Russia-China economic relations under sanctions pressure and the implications for Central Asian states. Particular attention is given to changes in the structure of bilateral trade, the growth of Russia's dependence on Chinese supplies and logistics since 2022, and the increasing role of the region as a key transit hub. The paper identifies the main structural asymmetries and limitations accompanying the deepening cooperation between the Russian Federation and the People's Republic of China, assessing their impact on the economic sustainability and political autonomy of Central Asian countries. The conclusion is drawn regarding the dual nature of the emerging regional configuration, which simultaneously creates new development opportunities and significant long-term risks.

The article examines the relationship between the market indicators of Spain's leading banks and the dynamics of the country's economic growth. The analysis focuses on the banking sector, represented by the three largest banks: Banco Santander (International SA), BBVA (Banco Bilbao Vizcaya Argentaria SA) и CaixaBank (International SA), P/E, P/S, P/B multipliers and the IBEX stock index is carried out. Using the methods of correlation and regression analysis, a stable relationship was revealed between the dynamics of the studied market indicators and the gross domestic product (GDP) of Spain. The constructed econometric model made it possible to determine the optimal values of key indicators for stimulating economic growth. The authors explore a hypothesis about the degree of influence of market indicators on economic growth.

One of the most important tasks in national economic management is the development of an effective strategic planning system. This article examines the challenges of combining state indicative planning and corporate economic planning. The role and implementation forms of indicative planning systems in foreign countries are explored. The problems of aligning state planning with the logic of strategic development of corporate structures are highlighted. The contradictory nature of indicative plans is emphasized. Particular importance is attached to the development of cooperation institutions, the ability of businesses to create flexible forms of partnership, and the support of indicative planning systems on democratic institutions of civil society.

This article examines territorial marketing as a comprehensive tool for ensuring sustainable development in Russian regions amid structural economic transformations, interregional competition, and growing sociodemographic disparities. Based on an analysis of current legislation, regional strategic documents, and domestic and international research, the article explores the theoretical foundations of territorial marketing and its relationship with environmental, social, and economic sustainability objectives. Particular attention is paid to the institutional limitations of implementing a marketing approach in public administration, regional development imbalances, and the problem of the "showcase" nature of image projects.

This article examines the features and trends of digitalization in the Russian economy, as well as its place in the oil and gas sector. The need for digital transformation of oil and gas companies is reflected in the article by analyzing tax revenues to the budget, which have increased over the past period, which increases the importance for the country's economy. Possible problems that may hinder the digital transformation of oil and gas companies are considered, as well as ways to solve them through a management system based on tools for implementing digital transformation. These tools were also studied in detail and the forecast of their further implementation in the oil and gas sector was considered.

The article analyzes the inflationary processes taking place in the Russian economy over the period of 2010-2025. In the course of the conducted research, the authors identified the features of Russian inflation, determined the main factors of its growth, and assessed the effectiveness of the state's anti-inflationary policy. It is concluded that Russia's anti-inflationary policy demonstrates relative effectiveness only in the short term, while in the long term, its effectiveness is determined by the state's ability to balance price stability, investment activity, and social sustainability. Therefore, achieving sustainably low inflation in the Russian reality is possible only with a comprehensive approach that combines measures of both short-term monetary response and long-term structural transformations.

The article examines the theoretical and practical aspects of using public-private partnership (PPP) as an instrument for implementing innovation and investment projects. The analysis focuses on the specifics of innovation projects and identifies key barriers to their implementation under the PPP model in Russia. Based on a study of domestic and foreign experience, a structured model of the implementation mechanism is proposed, including stages, methods for assessing efficiency, and a set of recommendations for improving the regulatory and institutional environment. The aim of the research is to develop a conceptual framework for enhancing the effectiveness of state-business interaction in the field of technological modernization.

The article analyzes institutional mechanisms for regulating platform employment in the context of digital economic transformation. It examines the evolution of legal approaches to regulating labor relations in the platform economy and analyzes international practices of institutional regulation of digital forms of employment. Particular attention is paid to the problems of legal qualification of platform workers status, regulation of algorithmic management, and modification of social protection systems. Various models of institutional regulation used in European countries, Anglo-Saxon jurisdictions, and developing economies are examined. The challenges of institutional adaptation for developing and transition economies characterized by high levels of informal employment and limited institutional capacity are analyzed. The necessity of context-sensitive regulatory approaches that take into account the specifics of national labor markets is substantiated. Recommendations are formulated for improving institutional mechanisms for regulating platform employment to ensure a balance between stimulating innovative development of the digital economy and protecting workers rights.

The article presents a comprehensive comparative analysis of the quality of life across the federal districts of the Russian Federation. The study is based on an assessment of key factors, including socio-economic development, educational attainment, the state of the healthcare system, and the environmental situation. The authors identify a stable spatial differentiation. The research results confirm the existence of significant interregional disparities and emphasize the need for a balanced state policy aimed at reducing inequality while preserving the unique competitive advantages of each macro-region.

The article presents an expanded analysis of the managerial transformation of a small furniture manufacturing enterprise based on Lean Manufacturing principles. The research was conducted in a workshop specializing in customized cabinet furniture. The aim of the study was to identify the most effective Lean tools that can be applied to improve production organization without significant financial investment.

The diagnostic phase revealed several issues: lack of workplace standards, insufficient visual control, violations of operational discipline, accumulation of unusable material residues, and late identification of defects at the final assembly stage. Based on these findings, a set of measures was developed, including the implementation of the 5S system, visual instructions, a dedicated early quality control area, reorganization of material storage, and unified corporate appearance standards.

The implemented improvements led to significant operational results: production cycle time decreased by 15-20%, rework volume dropped by 40%, process transparency increased, employee discipline strengthened, warehouse costs were reduced, and access to tools became faster. The study demonstrates that Lean tools are highly efficient for small manufacturing enterprises and can be implemented with minimal investment.

The article confirms the applicability of Lean Manufacturing to furniture production and outlines further development opportunities, such as Kanban implementation, setup time reduction methods, and value stream mapping.

The article examines the integration of business analysis methods and risk management approaches at different stages of an enterprise’s life cycle. The study demonstrates that changes in the risk structure require the adaptation of analytical tools that enhance the quality of managerial decision-making. Based on an analysis of scientific sources, a model is proposed that links the stages of the life cycle with dominant risks and the methods used to assess and manage them. The practical significance of the research lies in the potential application of this model in the development of strategic and anti-crisis management systems.

The article presents the results of a marketing research aimed at analyzing the preferences of restaurant services consumers. The research focuses on identifying the key criteria that guests take into account when choosing an establishment: from the quality of cuisine and service to prices, atmosphere and online reputation. Based on the data received from the target audience, the authors formulate specific recommendations for restaurant owners and managers. These recommendations relate to improving the quality of services, effective positioning, working with reviews and promotion in the digital environment. The aim of the work is to provide restaurateurs with tools to increase guest satisfaction and strengthen their competitive position in the market.

The article examines the transformation of manufacturing localization strategies amid the erosion of the “offshoring consensus” and rising geoeconomic turbulence. The purpose of the study is to provide an analytical account of the transition from offshoring to regionalized and sovereign models through the lens of total cost of ownership, which underscores its high relevance for the post-pandemic economy. The novelty of the research lies in juxtaposing market-based and sanctions-driven sovereign configurations through the cases of 945 Industries and TechnoLog. This comparison demonstrates how localization evolves from a tactical instrument into a foundational architecture for supply chains and operations management, and how automation radically alters the cost structure and business resilience. The article may be of interest to scholars of international business, management practitioners, industrial policy designers, and supply chain consultants.

The article is devoted to the justification and development of a two-level segmentation model in IT companies. The segmentation procedure is implemented within two management loops. The internal, competency contour captures the strength and boundaries of the company's capabilities, and the external contour assesses demand density and scalability. It has been shown that the coordination of these contours allows us to identify problem areas where individual projects are highly likely to be converted into repeatable modules and finished products. A system of criteria for both projections and prioritization rules has been proposed, which translate the strategy from a set of wishes into the tested mechanics of solutions and reduce the risks of losses. Standard product strategies were proposed and a matrix of standard strategies for segmentation of IT companies within the framework of a two-circuit model was developed. It was concluded that the use of this model allows IT companies to accelerate the transformation of individual projects into reproducible products, increasing the predictability of revenue and the sustainability of long-term development.

Public procurement is a dynamically developing area of the contract system. The constant changes and additions made to the regulatory documents governing public procurement contribute to the continuous professional development of participants. Within the framework of current legislation, customers have a clear regulated procedure for their actions, and participation in public procurement of suppliers is a rather laborious intellectual process for which there is no unique developed methodology, and organizations have to build their own business processes independently. You can evaluate the effectiveness of public procurement by analyzing them. This article discusses the procedure for analyzing public procurement by public authorities on the means of monitoring and auditing public procurement. The sequence of analysis of public procurement by the customer, as well as by the supplier participant, is described.

This study provides a theoretical analysis of the creative industry from both an economic and sociological perspective. It examines the key concepts that define the creative industry. The study substantiates the need to transition from an industrial to a creative economic development path. The results obtained allow us to develop the theoretical foundations of the creative industry and determine future research in this field

The article examines the economic efficiency of partially substituting sawlogs with plywood-production waste- cylindrical veneer peeling cores (peeler cores) in the manufacture of profiled wall glued laminated timber (glulam) and CLT panels. The relevance of the study is due to the significant volumes of plywood-production waste and the high cost of sawlogs traditionally used for manufacturing glued timber structures. According to reference data on specific waste generation indicators, the share of peeler cores in plywood production is 10-13% of the volume of processed raw material. Considering plywood production volumes in the Russian Federation, a potential resource of plywood cores amounting to hundreds of thousands of cubic meters is formed annually. The paper proposes a technological method for processing peeler cores by drying and planning, converting a cylinder into a four-sided billet. The theoretical yield limit for such a conversion is 63.7%, and the industrially achievable yield of laminations is taken as 45%, allowing for technological losses. It is shown that using peeler cores exclusively in the inner layers of glued structures, while complying with the lamella alternation conditions, makes it possible to reduce sawlog consumption by 33.3% for three-layer profiled wall timber and by 40% for five-layer timber. The assessment of the economic effect shows that the typical range of savings in the raw-material component is 23-36%, depending on the layer scheme and the cost ratio of the materials used.

This article provides an analysis of the dynamics of key indicators of Brazil's foreign trade growth and development within the framework of active international cooperation, as well as with BRICS countries. The study aims to identify current development trends in the context of new challenges and the instability of the global economy. Attention is given to the structure of the country's exports and imports, with a focus on product categories and the identification of unique features of the Brazilian economy. Additionally, the article explores the issue of Brazil's resource potential, examining how the country is navigating the path of growth or development given its available resources.

Offshore financial centers (OFCs) constitute a crucial yet controversial component of the modern global financial system. They serve as specialized jurisdictions offering favorable tax regimes, financial secrecy, and regulatory flexibility that attract multinational corporations, financial institutions, and high-net-worth individuals. This paper explores the evolving role of OFCs in facilitating international capital mobility, tax optimization, and asset protection, while simultaneously raising concerns over inequality, tax evasion, and systemic risk. Drawing upon economic theory and empirical evidence, the study assesses both the benefits – such as liquidity enhancement and investment efficiency – and the challenges posed by offshore finance to global economic governance. By analyzing historical evolution, current functions, and emerging regulatory trends, the paper contributes to a nuanced understanding of OFCs’ dual role as enablers of financial globalization and sources of regulatory arbitrage in the 21st century.

The article discusses modern approaches to the application of economic and mathematical modeling in sales management. It analyzes traditional forecasting methods based on regression analysis and time series, as well as innovative tools for machine learning and predictive analytics. The article presents current statistics on the Russian market of e-commerce, business analytics, and CRM systems. It also examines the practical aspects of using optimization models for pricing, business analytics systems, and inventory management automation. The article identifies key trends in the development of economic and mathematical modeling in the context of digital transformation of trade activities.

This article analyzes the role of ERP systems in improving the efficiency of Russian enterprises. In the context of economic sanctions, the need for technical sovereignty and the transition to domestic software, particular attention is being paid to solutions using various platforms, one of which is 1C: ERP. The study revealed that the implementation of ERP systems leads to a significant reduction in operating costs, optimization of business processes, and increased efficiency and competitiveness. This paper, based on an analysis of published case studies and empirical data, substantiates the need to implement integrated enterprise resource planning systems for both large and mid-sized corporations. A comparative analysis of 1C: ERP with Western counterparts in the Russian market is presented, identifying its advantages.

Based on the monitoring of the external and internal environment of agricultural organizations in the Zernogradsky District of the Rostov Region, the article conducts a SWOT analysis of the business environment, which allows for the identification of the interaction between external and internal factors in the studied area. The analysis reveals the potential of the district and formulates objectives for sustainable development and prompt response to potential risks and threats. Based on the findings of the SWOT analysis of the Zernogradsky District, it is possible to develop a municipal policy aimed at increasing the investment attractiveness of the region, improving its competitiveness, and, as a result, improving the quality of life for the population.

The article presents a comprehensive analysis of the process of digitalization of public health services in the Russian Federation, focusing on the experience of Moscow and the Moscow region. The study examines the current state and relevance of digital transformation, analyzing the key achievements of the Moscow region, in particular, the creation and development of the Unified Medical Information and Analytical System (EMIAS). Using the example of Moscow, the practical application of artificial intelligence technologies for analyzing medical images is considered. The main barriers preventing the full implementation of digital technologies across the country are highlighted, including financial constraints, a shortage of qualified personnel, and data security issues. Based on the analysis of the practice of implementing telemedicine and electronic document management in the Moscow agglomeration, the authors formulate strategic directions and prospects for the further development of digital healthcare in Russia, emphasizing the need for a systematic approach to overcome existing challenges.

The article is devoted to a comparative analysis of qualitative and quantitative risk assessment methods, as well as the problems of their application in Russian companies. The methodological basis of risk management, including ISO 31000 and GOST R ISO 31000-2019 standards, is considered, and four groups of methods are analyzed in detail: qualitative, quantitative, combined and expert. A study of 82 Russian non-financial companies revealed a critically low overall level of risk management maturity (0.34 out of 1). It has been established that qualitative methods prevail, while quantitative methods are used to a limited extent, especially in strategic planning. Systemic problems have been identified: formalization of processes, insufficient integration of risk assessment into management decisions, low organizational accountability of the risk management function.

The article examines the impact of cultural differences on the effectiveness of interaction among oil companies from different countries. Using Geert Hofstede’s methodological framework, a comparative analysis of the corporate cultures of major transnational oil companies is conducted. The study reviews cases of both successful and unsuccessful adaptation to partners’ cultural characteristics in international oil projects. The findings demonstrate that recognizing and accounting for cultural differences is a key factor in the success of international cooperation, whereas neglecting cross-cultural factors leads to financial and reputational losses. The article concludes by outlining recommendations for developing cross-cultural communication training programs for employees of oil companies

The taxation system, being actively and constantly reformed in modern Russia, determines the economic relations between households, firms and the state on the issue of money allocation, which explains the relevance of scientific works. In the process of researching the place of the public sector in the system of tax flows, a number of new issues have been identified that require further study: the definition of "tax benefits", the effectiveness of the tax system with different taxpayer statuses in the public and private sectors. Three main models were identified: the "privileged", "hybrid" and "unprivileged" public sector. Each of these models defines the place of this sector in the system of tax flows and raises the question of the effectiveness and rationality of the formation of tax obligations for agents involved in the production of public goods.

The article examines regionalization as a key trend in the development of the global economy amid the slowdown of globalization processes. Since the 2008–2009 financial crisis, the global system has faced increasing geopolitical tensions, disruptions in supply chains, a rise in protectionism, and growing state efforts to ensure technological and economic sovereignty. Against the backdrop of deglobalization, regional integration blocs gain importance as alternative centers of economic and political power. The study explores the prerequisites and features of regionalization, analyzes integration dynamics within ASEAN and BRICS, and evaluates the transformation of the global monetary and financial architecture as well as the emerging trend toward multipolarity. The findings suggest that regionalization functions as a systemic mechanism enabling states to adapt to global instability and contributes to shaping the new architecture of the world economic order.

The article discusses the theoretical and methodological aspects of management efficiency, which is the most effective way to win the competition. The assessment of economic performance indicators is determined by the necessary, but insufficient basis for the implementation of conclusions about the quality of management of the organization. Therefore, the object of analysis should be other quantitative and qualitative indicators indicating effective and competent management of the organization. The scientific significance of the study lies in the fact that the role of the organization's management in the practical aspect of the activity acts as a system for developing control influences on the management object, where the continuous formation of new areas of activity certainly presents difficulties caused by the lack of proper interaction of the organization's functional units, the exchange of information between them and the coordination of their efforts, which requires study and development of recommendations.