Corporate governance and delegation: the adaptation of the European experience in the Russian business

Authors

  • Olga Vladimirovna Gumilevskaya International Department of Higher School for Corporate Management with the Russian Presidential Academy of National Economy and Public Administration
  • Sergey Oganovich Kalendjan Higher School for Corporate Management with the Russian Presidential Academy of National Economy and Public Administration (RANEPA)

Keywords:

Corporate governance, management style, human capital management, labour productivity, innovations, delegation of authorities, corporate education, systemic transformation model

Abstract

The article is devoted to the problem of choosing the appropriate company management style, which is one of the key issues of corporate governance relevant for the Russian business. The article provides the analysis of advantages and disadvantages of different management styles existing in Europe. In particular, Harzburg management model based on the delegation of authorities and responsibilities is presented. The possibility to adapt the examined management model in Russian business environment is analyzed in theory and practice, as well as the main barriers encountered during the process of management transformation. The article demonstrates that such adaptation is possible and rather efficient, subject to the systemic approach and maximum involvement of employees in transformation processes.

Author Biographies

Olga Vladimirovna Gumilevskaya, International Department of Higher School for Corporate Management with the Russian Presidential Academy of National Economy and Public Administration

Place of work, post: International Department of Higher School for Corporate Management with the Russian Presidential Academy of National Economy and Public Administration, Senior Exper

Sergey Oganovich Kalendjan, Higher School for Corporate Management with the Russian Presidential Academy of National Economy and Public Administration (RANEPA)

Doctor of Economics, full professor
Place of work, post: Higher School for Corporate Management with the Russian Presidential Academy of National Economy and Public Administration (RANEPA), Dekan

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Published

2024-02-08

How to Cite

Gumilevskaya, O. V., & Kalendjan, S. O. (2024). Corporate governance and delegation: the adaptation of the European experience in the Russian business. Russian Foreign Economic Journal, (5), 22–39. Retrieved from https://journal.vavt.ru/rfej/article/view/1086

Issue

No. 5 (2014)

Section

World economy