Value Based Management as a Catalyst for Economic Growth of Global Russian Companies

Abstract:

This study investigates the effects of value based management framework adoption in one of the most promising developing markets of Russia. One of the most attractive sectors of the Russian economy is selected for the analysis: the retail grocery sector which displays stable growth and has significant growth potential. The value based management model for investment attractiveness assessment is proposed. Our analysis shows that implementation of value based management principles leads to growth and greater investment attractiveness of the companies for potential investors.