Principles of the Balanced Financial and Industrial Development of Industrial Corporations
The article describes the logic of solving the main financial and production task of managing the development of industrial corporations and provides the practical approaches to the application of this solution. The existing academic theoretical approaches disclose the logic of increasing the rates of financial and industrial growth of the industrial corporation profit but they are not appropriate for the development of the methodology for meaningful practical solution of the mentioned financial and production problem. The author shows that this problem is soluble on the basis of equilibrium theory of an industrial corporation. The article reflects the principles of static, dynamic and compositional theories of equilibrium theory of an industrial corporation. It compares the logic of a modern theory of CVP-analysis with the logic of the equilibrium theory, focuses on the economic essence of these theories’ application and identifies the main practical mistake of such an application. The article provides the basis for the practical application of these theories to increase the rate of financial and production growth and maximize the profits of industrial corporations. The practical applicability of the theory is verified at a number of large Russian corporations including some big enterprises of the defense industry.