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Strategic management of the potash industry in Russia

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  • Dmitrieva, D.
  • Ilinova, A.
  • Kraslawski, A.

Abstract

Mineral resources and the mining industry play an important role in economic development of many countries. The unique Russian mineral raw material base – phosphate and potash ore reserves in the case under consideration in this work – allows domestic mining and chemical companies not only to meet domestic demand but also to act as significant players on a global scale. Russian fertilizer companies enjoy a significant share of the global fertilizer market and have considerable strategic and social importance to the national economy. The objective of this paper is to identify and adopt the most appropriate methods and tools applicable to the peculiarities of fertilizer market and industry, as well as its highly dynamic environment. The paper briefly reviews research of strategic management in industry. We analyzed the current state of the mineral fertilizers market, identified main development trends and presented the unique characteristics of fertilizer (mining and chemical) companies in an oligopolistic market. The paper presents characteristics of industry environment using Ansoff's environmental turbulence matrix to evaluate appropriate management response and highlights the key features of fertilizer companies’ strategic management. We find the study of mineral assets, as well as event analysis to be the key elements in defining rather appropriate strategic responses of mineral fertilizer industry to its turbulent environment.

Suggested Citation

  • Dmitrieva, D. & Ilinova, A. & Kraslawski, A., 2017. "Strategic management of the potash industry in Russia," Resources Policy, Elsevier, vol. 52(C), pages 81-89.
    • Handle: RePEc:eee:jrpoli:v:52:y:2017:i:c:p:81-89
    DOI: 10.1016/j.resourpol.2016.11.004
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    References listed on IDEAS

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    1. Dawson, C.J. & Hilton, J., 2011. "Fertiliser availability in a resource-limited world: Production and recycling of nitrogen and phosphorus," Food Policy, Elsevier, vol. 36(Supplemen), pages 14-22, January.
    2. Rawashdeh, Rami Al & Xavier-Oliveira, Emanuel & Maxwell, Philip, 2016. "The potash market and its future prospects," Resources Policy, Elsevier, vol. 47(C), pages 154-163.
    3. Rami Rawashdeh & Philip Maxwell, 2011. "The evolution and prospects of the phosphate industry," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 24(1), pages 15-27, July.
    4. Dawson, C.J. & Hilton, J., 2011. "Fertiliser availability in a resource-limited world: Production and recycling of nitrogen and phosphorus," Food Policy, Elsevier, vol. 36(S1), pages 14-22.
    5. al Rawashdeh, Rami & Maxwell, Philip, 2014. "Analysing the world potash industry," Resources Policy, Elsevier, vol. 41(C), pages 143-151.
    6. Geman, Helyette & Vergel Eleuterio, Pedro, 2013. "Investing in fertilizer–mining companies in times of food scarcity," Resources Policy, Elsevier, vol. 38(4), pages 470-480.
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    Citations

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    Cited by:

    1. V.A. Kozlov & O.A. Moiseeva & V.G. Ponomarev & L.E. Popok & O.A. Filippova & F.F. Sterlikov, 2018. "Economic Concept of Food Development of Russian Market," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 3), pages 62-72.
    2. E.M. Akhmetshin & N.A. Prodanova & L.B. Trofimova & P.S. Probin & O.G. Grigorieva & V.V. Smirnova, 2018. "Institutional Analysis of the Regulatory and Legal Framework for Financial Reporting Control in Russia," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 3), pages 130-141.
    3. Yakovleva, Natalia & Chiwona, Annock G. & Manning, David A.C. & Heidrich, Oliver, 2021. "Circular economy and six approaches to improve potassium life cycle for global crop production," Resources Policy, Elsevier, vol. 74(C).
    4. Ilinova, Alina & Dmitrieva, Diana & Kraslawski, Andrzej, 2021. "Influence of COVID-19 pandemic on fertilizer companies: The role of competitive advantages," Resources Policy, Elsevier, vol. 71(C).
    5. I.G. Kuznetsova & O.Yu. Voronkova & S.Y. Bakhvalov & I.R. Ruiga & G.N. Zhuruli & V.E. Levichev, 2018. "Formation of Human Capital as a Key Factor in Ensuring the National Security of Agriculture in the Digital Economy," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 3), pages 73-83.
    6. Gutiérrez-Moya, Ester & Lozano, Sebastián & Adenso-Díaz, Belarmino, 2023. "A pre-pandemic analysis of the global fertiliser trade network," Resources Policy, Elsevier, vol. 85(PB).

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