Assessment of competitiveness of the leading Russian metallurgical enterprises

Abstract

This study assesses the competitive status of the leading Russian metallurgical enterprises. The authors have demonstrated that the imperfection of the applied ranking methodology does not allow to use the existing ratings in order to assess the competitiveness of businesses. Due to this, it is concluded that the assessment of the impact of recessionary effects on the performance of the largest domestic metallurgical companies could only be accomplished through the application of analytical methods for assessing competitiveness. The basic methods of assessing the competitiveness of enterprises were reviewed. The authors substantiated that the most appropriate method to assess the competitive status of several businesses was to use dynamic method of assessment of the competitiveness of enterprises. The mathematical apparatus of the dynamic method of assessment of the competitiveness of enterprises was provided; its methodological principles were revealed. The calculations of the level of competitiveness of the leading Russian metallurgical enterprises were provided. Their competitiveness both in the domestic market and in the international arena was estimated. Competitive advantages and disadvantages of the companies were identified, and the basic ways to increase their competitiveness were defined. In conclusion, the authors determined the areas of further research on the subject