THE EVOLUTIONARY TRANSFORMATION OF A FIRM AS AN INSTITUTION 

Alexey Efimiev¹, Margarita Agafonova², Leonid Bereznyakov³, Andrei Vtornikov⁴

¹Candidate of Economics, Associate Professor, Voronezh State Technical University, 20 years of October street, 84, Voronezh, Russia, E-mail: a_efimev@mail.ru
²Candidate of Economics, Associate Professor, Voronezh State Technical University, 20 years of October street, 84, Voronezh, Russia, E-mail:  agaf-econ@yandex.ru
³Senior Lecturer, Voronezh State Technical University, 20 years of October street, 84, Voronezh, Russia, E-mail:  bereznyakov.leonid@yandex.ru
⁴Assistant, Voronezh State Technical University, 20 years of October street, 84, Voronezh, Russia, E-mail: vtornikov_93@mail.ru

Abstract

The article considers the development of the company as an institution, gives the concept of the company as one of the main institutions of the modern economic system, proves that the company acts as a separate, organizationally structured, legally independent unit.

The sequence and interconnectedness of individual elements of the institutional self-regulation mechanism of the company is shown, the need for transition to network forms of organization is explained, the assumption is made that the main player in the global economic space is not the state, but transnational companies (TNCs).

Keywords: company, transformation, institute, innovation, functions, network, structures, partners, TNCs.