Process Approach to Managing Real Investment Projects Focused on Import Substitution of Products
Process Approach to Managing Real Investment Projects Focused on Import Substitution of Products

Summary/Abstract: The goal of this research is to study possibilities to apply the process approach to managing real investment projects focused on import substitution of products in the organizations that use traditional methods of management within the structural and functional approach. In order to achieve the set goal, comparative analysis of basic aspects of structural and functional and process approach to managing enterprises was made. As a result, basic differences, advantages and disadvantages of every approach were defined. The article offers an algorithm of the process management of real investment projects focused on import substitution of products adapted for applying within the structural and functional approach to managing an enterprise. This algorithm is specifically peculiar of the opportunity to get advantages from using the process management of projects in organizations that by various reasons do not have an opportunity to implement the process approach to managing, as a whole. According to the research results, the possibility to manage real investment projects focused on import substitution of products with the use of elements of the process approach in organizations managed with the use of principles of structural and functional management was estimated. The efficiency of managing real investment projects was comprehensively estimated, including survey of 80 large and medium- sized agricultural organizations of the West Siberia that implement investment projects and are focused on a structural and functional system of management.

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