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National Interests: Priorities and Security
 

Developing the production and economic system of an industrial enterprise as a way to increase its market value

Vol. 17, Iss. 12, DECEMBER 2021

Received: 19 April 2021

Received in revised form: 5 May 2021

Accepted: 31 May 2021

Available online: 14 December 2021

Subject Heading: SUSTAINABLE DEVELOPMENT OF ECONOMY

JEL Classification: G32

Pages: 22292251

https://doi.org/10.24891/ni.17.12.2229

Vasilii A. DADALKO Academy of Management of the Ministry of Internal Affairs of Russia, Moscow, Russian Federation
antikrizis1@bk.ru

https://orcid.org/0000-0001-5436-3286

Lyubov V. DENISOVA Academy of Management of the Ministry of Internal Affairs of Russia, Moscow, Russian Federation
lvladilen@yandex.ru

https://orcid.org/0000-0002-4108-9828

Dmitrii A. GENERALOV Institute of World Civilizations, Moscow, Russian Federation
generalov.dm.a@gmail.com

https://orcid.org/0000-0002-6399-0764

Subject. The article investigates the basic principles of business valuation and ways to increase it within the development of the production and economic system of an industrial enterprise.
Objectives. We focus on examining the possibilities of business valuation and the parties interested in its implementation, consider modern approaches and corresponding methods used in valuation activities, propose directions for increasing the market value of an industrial enterprise, and assess their economic feasibility.
Methods. The study rests on the content analysis of available domestic and foreign sources. We employ general scientific methods, i.e. analysis, synthesis, deduction, induction, analogy, and special methods, like empirical, quantitative and qualitative analysis, situational and systems analysis, comparative, financial, and economic analysis.
Results. We reveal the need to improve the efficiency of enterprise management in the context of economic instability in the country, resulting in an increase in its market value. We considered an industrial enterprise operating in the construction sector that was seriously affected by the pandemic. Using this case, we demonstrate the implementation of the lean production concept, which has proven to be successful.
Conclusions. In the current economic conditions, Russian enterprises are forced to look for new ways of development and to improve the efficiency of business management. The optimal solution for an industrial enterprise can be the lean production cost-saving concept. If implemented, the concept shows decent results, strengthens the enterprises position in the market, and increases its fair value.

Keywords: lean production, income approach, costs, valuation methods, industry, business value, pandemic

References:

  1. Strovskii V.E., Simonyan A.Kh. [Approaches and methods of business valuation in modern conditions]. Izvestiya Ural'skogo gosudarstvennogo gornogo universiteta = News of the Ural State Mining University, 2019, no. 1, pp. 5962. URL: Link (In Russ.)
  2. Antill N., Lee K. Otsenka kompanii: Analiz i prognozirovanie s ispol'zovaniem otchetnosti po MSFO [Company Valuation under IFRS: Interpreting and Forecasting Accounts Using International Financial Reporting Standards]. Moscow, Alpina Didzhital Publ., 2019, 570 p.
  3. Abushmanov T.M., Kuznetsova O.V. [Cost management the basis for efficient product policy of the company]. Problemy sovershenstvovaniya organizatsii proizvodstva i upravleniya promyshlennymi predpriyatiyami, 2014, no. 1, pp. 310. (In Russ.)
  4. Jones D., Womack J. Berezhlivoe proizvodstvo: kak izbavit'sya ot poter' i dobit'sya protsvetaniya vashei kompanii [Lean Thinking: Banish Waste and Create Wealth in Your Corporation]. Moscow, Alpina Pablisherz Publ., 2020, 472 p.
  5. Generalov D.A., Egorov Yu.N. [Characteristics of the lean production concept in the conditions of the modern Russian economy]. Ekonomicheskie sistemy = Economic Systems, 2017, no. 3, pp. 1721. (In Russ.)
  6. Zaitsev A.V. [Formation of the enterprises market value on the basis of introduction of the concept of lean production]. Ekonomika i upravlenie: problemy, resheniya = Economics and Management: Problems, Solutions, 2017, vol. 4, no. 5-1, pp. 121128. (In Russ.)

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