THE CONCEPT OF INSTITUTIONAL RESTRUCTURING OF INDUSTRIAL COMPLEXES IN CONDITIONS OF DIGITAL ECONOMY

Abstract

The article studies acute problems and conceptual issues of transforming industrial enterprises and complexes in conditions of dynamic development of digital technologies and innovation. The author worked out the definition of the concept of institutional restructuring the industrial complex as a system of academic and theoretical views and provisions, which formulate the integral and non-conflicting notion of genesis, content, factors and strategic lines of conducting complex changes at the enterprise in order to ensure its competitiveness, development and higher innovation activity in the digital environment. Basic provisions of the concept were worked out, which characterize preconditions, essence, goals, aspects, tools, process structure and strategy of institutional transformation of the industrial enterprise. The author demonstrates the idea of the integration paradigm and genesis of restructuring, which depicts the logical mechanism of the origin and development of institutional changes in the industrial complex. Classification of fundamental and functional factors of restructuring was carried out and assessment of
their appearance in traditional market conditions and conditions of digital economy. To ensure leading positions of the enterprise on market its transformation should be conducted in the pro-active format preventing the period of bifurcation processes and structural shifts in economy. The author proposes a conceptual approach to early restructuring of the industrial complex in respect to market changes. The conceptual scheme of integrating strategic lines in restructuring and developing the industrial complex in conditions of the digital environment was elaborated.