Cement production in Russia: Stakeholders and effectiveness ofregional business atthe end of the XIX century

The activities of “Petersburg Company for the production of Glukhoozersky Portland cement and other building materials” between 1879 and 1899, although only a initial period segment in its history, provides a holistic overview of phase that enterprise underwent on their path to becoming a large industrial firm. This study aims to improve and expand knowledge about the capacity and difficulties of industrial company to adapt to market changes and maintain their competitiveness, interregional coherence and organizational flexibility. This article explores changes in ownership and management structure and application of new technological practices during this period, which in turn led this enterprise to the status of the leader in the cement industry in capital. A case study of key group of shareholders (military engineers) tests the effectiveness of model of reconciliation of interests on results of twenty years of work of the company.