THE MODERN WAYS TO IMPROVE CORPORATE CULTURE IN THE MILITARY-INDUSTRIAL COMPLEX

The relevance of researching the ways to improve the level of corporate culture in the military-industrial complex (MIC) is based on the increasing role of the MIC due to the growing tension in the world. According to the Stockholm International Peace Research Institute (SIPRI) data published in March 2018, total global sales of a weapon in 2013-2017 rose by ten percent compared to the previous five years (2008-2012). Among the five biggest exporters of armament are also France, Germany, and China. The economic significance of the MIC is based on the fact that it fosters the development of related industries such as metallurgy, electronic engineering, instrument-making and so on. At the same time the MIC faces the following industry-specific challenges: - Rigid state regulation of production; - State control over export and import operations; - High sensitivity to political factors of the external environment; - Ambiguous and polarized public attitude towards weapon and its manufacturers, from massive support of patriotically-minded part of the population to absolute aversion of its pacifist part. The authors of this article attempt to identify those particular methods of improving company performance which are successfully put into practice and are really beneficial for the MIC enterprises applying them which may later serve as a basis for developing a set of measures to increase corporate culture level in the MIC enterprises in Russia. The materials of the article have theoretical value for academic specialists studying corporate governance as well as a practical benefit for top-managers, members of the Boards of directors of the MIC companies, other competent specialists in corporate governance seeking to improve corporate governance quality. The analysis is based on comparing the corporate culture of global industry leaders in the USA, Russia and the UK, which are the world's biggest weapon exporters. The studies and conclusions presented in this article can be practically beneficial not only for the MIC enterprises the specificity of which is a stress test for corporate culture but also for other industrial sectors.

Authors
Zainullin S. , Egorycheva E. , Likhacheva I. , Kolesnikova D. , Kolesnikova L.
Publisher
MAGNANIMITAS
Number of issue
1
Language
English
Pages
134-139
Status
Published
Volume
10
Year
2020
Keywords
corporate culture; fight against corruption; conflict of interest; corporate ethics; social policy
Share

Other records