High-Tech and Knowledge-Intensive Industries: Transformation of the Asset Management System and New Business Strategies (on the example of state corporation Rostech)

Abstract

In the Russian Federation, restoring the financial solvency of defence industry companies (DIC) only through systematic debt coverage without a pool of the state institutional efforts and business entities is unlikely. It is indicated by the continuing instability of the global economic system and uncertainty about the prospects for its development, combined with a reduction in the resources available to the state, low profitability of defence industries, and a high level of debt load. In these conditions, the reform of the asset management system in state-owned corporations (SC) of the defence industry, the search for new development models in their clusters and holdings become uncontested. The article shows the directions of transformation of the management system using the example of the state corporation «Rostech»: gradual further consolidation of disparate assets by industry within several years and changes in their managementstructure (formation of unified control centres and design bureaus, specialization centres, competence centres, the introduction of a divisional structure for managing production assets, etc.). The study contains an analysis of the key components of the business strategy of The State Corporation «Rostech» formation of «national champions»; the transition from «point» import substitution to export-oriented; the development of effective cooperation and the creation of national production chains; the servitization of high-tech and knowledge-intensive industries.

Keywords

• high-tech and knowledge-intensive industries
• military-industrial complex (mic)
• defence industry
• integrated structures
• transformation
• asset management system
• business strategy
• «national champions»
• servitization
• «rostech» state corporation