Business Models Peculiarities and their Impact on Corporations’ Development

Abstract

The article analyzes the business models of transnational metallurgical corporations. The peculiarities of business models and their impact on the efficiency and sustainable development are revealed. Proposals for improving business models of Russian steel groups are formulated. The corporations and groups strategic business models as schematic description by different formalized and non-formalized means the processes of mission performance, achieving the strategic targets via defining the necessary resources, organizing their receiving and using, the system of managing these processes are identified in the work as well as the contingent and the structure of corporations’ strategic business models. In the process of investigating the metallurgical transnational corporations’ strategic business models the peculiarities of business models were detected, the analysis of strategic targets’ impact, spatial localization, the peculiarities of manufacturing activity and organizing the management implying the size and dynamics of their activity’s integral strategic efficiency was conducted. It is recommended for Russian metallurgical corporations based on the conducted investigation aimed at improving their strategic business models, firstly: to diversify the activity on a larger scale especially at the level of final limits, and secondly, for raising the development’s motivation which implies great management decentralization by operational aspects retaining the high management degree by affiliated companies later to improve such instrumentarium as corporations’ policies.

Keywords

• integral strategic performance
• corporation
• strategic business model
• sustainable development