Managing Coal Enterprise Competitiveness in the Context of Global Challenges

Global Challenges Competitiveness Management Coal Industry Integral Assessment Strategy Enterprise Russia Indonesia.

Authors

  • Ahmad Kultur Hia Department of Management, Universitas Pertiwi, Bekasi,, Indonesia
  • Nurdelima Waruwu Department of Educational Management, Universitas Islam Negeri Syarif Hidayatullah Jakarta, Banten,, Indonesia
  • Aan Komariah
    komariahaan@yahoo.com
    Educational Administration Department, Universitas Pendidikan Indonesia, Bandung,, Indonesia
  • Dedy Achmad Kurniady Educational Administration Department, Universitas Pendidikan Indonesia, Bandung,, Indonesia
  • Herlan Suherlan Tourism Destination, NHI Bandung Tourism Polytechnic, Jawa Barat,, Indonesia
  • Mikhail E. Kosov 5) Department of Government and Municipal Finance, Higher School of Finance, Plekhanov Russian University of Economics, Moscow, Russia. 6) Department of Public Finance, Financial Faculty, Financial University under the Government of the Russian Federation, Moscow, Russia. 7) National Research University Higher School of Economics (HSE University), Myasnitskaya st. 20, Moscow 101000,, Russian Federation
  • Inna Rykova Research Financial Institute of the Ministry of Finance of the Russian Federation, Moscow 119049,, Russian Federation
  • Konstantin Ordov Department of Government and Municipal Finance, Higher School of Finance, Plekhanov Russian University of Economics, Moscow,, Russian Federation
  • Izabella Elyakova M.K. Ammosov North-Eastern Federal University, Yakutsk,, Russian Federation
  • Elena Romanenko Department of Economics, Logistics and Quality Management, Institute of Information Economics and Management, The Siberian State Automobile and Highway University, Omsk,, Russian Federation

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Increased geopolitical tensions and economic sanctions imposed by the U.S., the European Union, and other countries against Russian sectors of the economy have caused a slowdown of economic growth in Russia and significantly restricted access to international capital markets, creating many problems for coal enterprises due to the rapid growth of competition. Russian and Indonesian coal companies need to adopt coping strategies and implement effective management practices to successfully counter the various global challenges facing the coal sector. The article aims to develop coal enterprise competitiveness management in the context of global challenges in 2022, as exemplified by Russia and Indonesia, considering the main role of these two countries in global coal exports. The management process was empirically assessed, and a comprehensive qualitative focus group session was conducted to achieve this goal. Fifty-five top managers of Russian and Indonesian coal companies participated in the focus group session to collect data for identifying all the factors and indicators to be accounted for in a holistic assessment of the companies' competitiveness. Suggestions were worked out for the development of coal companies in Russia and Indonesia, regarding current changes, to increase their competitiveness.

 

Doi: 10.28991/ESJ-2023-07-02-021

Full Text: PDF