Economic and social aspects of business and entrepreneurship

The essence of an entrepreneurial conglomerate as an organizational and managerial phenomenon in the global economic environment

Authors: Firsenko D. V.

Abstract

The article examines an entrepreneurial conglomerate as a modern economic phenomenon. Entrepreneurial conglomerates became widespread in connection with the expansion of the institution of private property as a result of the consolidation of ownership of the means of production in the hands of specific individuals. It is shown that an entrepreneurial conglomerate differs not only from corporations and state-owned enterprises, but also from individual business entities in the following characteristics: the main owner, management format, sources of financing, commercial nature of activities, profit distribution, as well as the source of resource risk. The analysis of the number of business entities is carried out, and the distribution of business entities by type of economic activity is shown. A conditional model of an entrepreneurial conglomerate has been built. It was revealed that if only participants of one specific market participate in an entrepreneurial association, then such an association will no longer be a conglomerate. The thesis is substantiated that the registration of a conglomerate is currently difficult, since some entities may not publicly announce their participation in the conglomerate. It is concluded that a conglomerate, on the one hand, is a certain form of coordinated participation of several persons in economic activities, on the other hand, coordination can be short-term, even without fixing property relations. It is shown that an entrepreneurial conglomerate is a special category of subjects of strategic planning and management. The thesis is put forward that in modern conditions, global competitiveness is the interaction of business structures to achieve the assigned tasks in a changing external and internal environment. The main stages of development of entrepreneurial conglomerates in the Russian economy are identified. The role of entrepreneurial conglomerates in the formation of intellectual opportunities for the creation of new technologies is shown.

Key Words

Entrepreneurial conglomerate, entrepreneurship, group of companies, competitiveness, development strategy, coordination of efforts, business development, resource allocation