Transformation of Business Management Mechanisms in the Context of International Economic Integration

Abstract

This study examines the transformation of business management mechanisms in the context of globalization at the current stage of economic development in Russia. Aim. This study analyzes implementation mechanisms of business structures in the global integration process, identifies potential problems, and propos corresponding solutions. Results. We analyze implementation mechanisms of Russian businesses in the current global economic integration processes. Key strategic directions, namely increased government support for R&D to minimize production costs, enhanced international cooperation, overall economic growth, prevention of environmental problems that emerge in countries where transnational companies set up their production facilities, provision of economic security regarding shortages in labor force, and increased employment rate among business service entrepreneurs where competition is based on innovation, are determined.