Going to the scale of the leading global competitors, such as GE, Samsung, Siemens, became the key imperative of the updated strategy. Going to scale is not only a question of competitiveness (accessible capital, economy of scale and access to markets) – it is a question of survival. Historical mergers and acquisitions analysis shows, that companies, which had not gone to scale, either were taken over or became niche market players.
According to the updated strategy, the mission of Rostec is to improve people’s quality of life creating high-tech smart products.
The updated strategy has been developed in accordance with advanced methodologies used by the leading international strategic consulting companies. This strategy includes 5 elements: increase, markets, operational efficiency, cooperation and follow-up mechanism.