Determinants of Strategic Resilience during Crisis: The Case of Russian Companies

STATEMENT ABOUT THE INDEPENDENT CHARACTER OF THE MASTER THESIS 2
ABSTRACT 3
INTRODUCTION 6
The Importance of Strategic Resilience 6
Research gap 7
The Contributions of this Research 8
Research Question 8
Goal and Objectives 8
Thesis Structure 8
CHAPTER 1. THEORETICAL RESEARCH ON THE STRATEGIC RESILIENCE 10
1.1 Resource-based theory 10
1.2 Planning and Operation in a Turbulent Environment 11
1.3 Concept of Resilience 12
1.4 Resilience, Sustainability, and Vulnerability 16
1.5 Models of organizational Resilience 16
1.6 OrgRes: the ‘Resilience Benchmark Tool’ 18
1.7 Dimension of CSR Matters to Organizational Resilience 20
1.8 Identifying Indicators of Strategic Resilience 21
CHAPTER 2. DETERMINANTS OF STRATEGIC RESILIENCE DURING CRISIS: EMPIRICAL
EVIDENCE OF RUSSIAN COMPANIES 24
2.1 Methods of research 24
2.2 Operationalisation and Data Collection 26
2.3 Calibration of Outcome Variable and Causal Conditions 29
CHAPTER 3. INTERPRETATION AND DISCUSSION RESULTS 31
3.1 Results of analysis 31
3.2 Research Findings and Discuss results 32
3.3 Theoretical Contribution 33
3.4 Practical Contribution 33
CONCLUSION 34
REFERENCES 35
APPENDIX 47
Купить

During the last decade, increased market uncertainty and environmental disasters have shifted the strategic goals of many organizations from a so-called "quest for profits" to "a quest for resilience", focusing the attention of both management scholars and practitioners on the topic of the resilience of firms. “Strategic resilience is not about responding to a one time crisis or rebounding from a setback. It's about continually anticipating and adjusting to deep, secular trends that can permanently impair the earning power of a core business. It's about having the capacity to change even before the case for change becomes obvious.”(Hamel & Valikangas, 2003)
The Importance of Strategic Resilience
Research on strategic resilience is now highly relevant, as companies face an unprecedented level of volatility, uncertainty, complexity, and ambiguity (VUCA) in their business environment. The COVID-19 pandemic, political instability, economic uncertainty, and technological disruptions are just a few examples of the challenges organizations face today. This has made it increasingly important for companies to anticipate and respond to unexpected changes to maintain their competitiveness and viability.
Research on strategic resilience can help companies understand how to identify and manage risks, and how to build the capabilities and resources necessary to anticipate and respond to unexpected changes. It can also help companies understand how to create a culture of resilience within the organization and how to foster a sense of shared purpose and commitment among employees.
It can also help organizations identify the key factors that contribute to the resilience of companies and how to develop strategies to improve those factors. It can also provide insights into how organizations can build resilience through innovation and how to manage the trade-offs between short- and long-term goals.
Furthermore, research on strategic resilience is also relevant for policymakers and regulators, as it can help them understand how to create an environment that supports the resilience of companies and how to develop policies and regulations that encourage organizations to be more resilient. In summary, research on strategic resilience is relevant now, as it can provide valuable insights into how organizations can anticipate and respond to unexpected changes, and how to maintain their competitiveness and viability in a rapidly changing world.
Research gap
Organizations operating in Russia have to deal with significant economic and social challenges, including economic sanctions, volatile financial markets, political instability, and social-environmental risks. The crisis has highlighted the need for companies to be resilient - the ability to withstand, adapt to, and recover from disruptions while continuing to function effectively. The concept of strategic resilience is essential in crisis scenarios, and empirical evidence suggests that building strategic resilience can be an effective response to unpredictable and volatile business environments(Davidson & Vaast, 2010).
As we can see in Figure 1, there has been an intensive growth of publications on this topic recently. Despite the importance of strategic resilience, a review of the academic literature on the subject reveals that there is a research gap when it comes to understanding the determinants of strategic resilience in a Russian context during a crisis scenario. Existing studies have primarily explored strategic resilience in developed countries, while few studies have investigated strategic resilience determinants in emerging markets such as Russia. Therefore, this research aims to identify the determinants of strategic resilience in Russian companies during a crisis scenario to bridge this research gap.
Russia has faced various economic challenges, and its economy has a hi story of experiencing significant volatility, which underscores the urgency and profound significance of studying strategic resilience in the country(Kadochnikov & Fedyunina, 2019). Theoretically, this research study can advance the field of strategic management by providing empirical evidence on the determinants of strategic resilience in a turbulent business environment. The study can also extend the literature on strategic resilience by exploring its applicability in an emerging market context, thereby contributing to the development and refinement of existing theories on strategic resilience.
...
Купить