INNOVATION MANAGEMENT
Digital transformation is an integral part of strategic management at the commercial enterprise, which ensures its sustainable development and competitiveness. Methods of implementing digital transformation keep on changing today. Traditional approaches lose their topicality, while new ones that take into account advanced trends in technology development, business-environment and customer behavior come into being. New methods require digitalization of processes of planning and managing digital transformation projects in conformity with current conditions of their implementation, which are included in the pass-through process of planning and carrying out today’s digital transformation. The goal of the research is to try to formulate the functional architecture of the project management block within the frames of the current system of digital transformation management. The research subject is processes of managing digitalization and digital transformation at commercial enterprises. The theoretical base of the research is formed by works by profile home and foreign scientists and organizations. Methodological base includes methods of systematic analysis and synthesis, optimal management, decision-making in conditions of uncertainty, expert alternative assessment and so on. Academic novelty of the research implies identification of functional architecture of the project management block of today’s digital transformation at commercial enterprises, selection of methodology for practical use. In practice it can provide their application for digital transformation in today’s conditions.
The article provides a list of interactive technologies, which can be used in education process on economic subjects and studies key approaches to identifying interactive technologies. Findings of the research dealing with efficiency of introducing interactive technologies in higher education institutions are also given. The authors for 4 days conducted a survey of six groups of students of the bachelor program with specialization 38.03.01 ‘Economics’. Qualitative and quantitative figures allowed them to analyze students’ attitude to conventional methods of teaching and interactive technologies at lecturers and tutorials. It was found out that the scale of using interactive technologies in teaching is increasing, however it is assessed as insufficient by the majority of students. The survey showed that such interactive technologies as questions in the form of game based on subject cards, tests in the form of game using digital teaching platforms, business/imitation games based on topics being studied, practical tasks/cases solving and project elaboration are appraised by students as effective methods of teaching. In conclusion it was pointed out that interactive technologies both at lectures and work-shops are efficient, however students prefer a mixed format.
REGIONAL ECONOMY
The article substantiates the hypothesis of conformity of organic agriculture proliferation in Russia and key provisions of Hagerstrand theory of innovation diffusion. To verify the hypothesis stages of innovation spacial diffusion and organic agriculture in Russia were compared. This comparison made it possible to identify key stages of organic sector location, subdivide organic product producers into innovators and followers and find their specialization and efficiency of work. Findings of the research showed conformity of first 2 stages of organic agriculture diffusion and stages of Hagerstrand theory: 1) emergence of innovators around cities and agglomerations with high level of innovation potential and 2) proliferation of followers. At the 1st stage we could see concentration of innovators in the central part of the country and in west Siberia. The 2nd stage is connected with turning-up of followers, who are mainly located in regions adjoining those of innovators and in the south of the country. Principle kinds of activity of those organizations that were certified by Ogranic standards were studied, they: 1) grow and process agricultural crops; 2) conduct mixed agriculture; 3) produce hot drinks; 4) collect wild fruits and berries; 5) produce meat and milk. Producers of plant-growing produce orient to home and foreign markets. Producers of meat, milk and hot drinks orient to home market. Organizations with the highest profitability of produce being sold specialize in mixed agriculture and collecting of wild fruits and berries. The max figures of sale profitability by net profit and asset profitability by net profit are typical of organizations dealing with collecting of wild fruits and berries. In the short run followers are not observed. Taking into account the specific features of spacial diffusion of organic agriculture that were identified, transition to the 3rd stage (consolidation) in Hagerstand theory can be feasible in the long-term period and will be affected by state policy.
The topic of the article is investigation of methods used to estimate the quality of life with due regard to regional specific features. The goal of the research is to study the process of altering the ‘quality of life’ definition and to analyze the current methods of appraising quality of life in regions of the Russian Federation in view of finding the dependence between level of social welfare and satisfaction with high standard of quality of life. The article analyzes origin of the notion ‘quality of life’, studies world and Russian practices of estimating the quality of life index in present day conditions and identifies principles of shaping the key indicators of appraisal. The author analyzed experience of the rating assessment of quality of life by Russian and overseas agencies and academic associations. The analysis showed that key elements of indicators take into account such trends as the level of region development, natural and climatic conditions, level of people income, social sphere and labour market. The use of numerous criteria can give an opportunity to obtain an accurate and truthful assessment on the regional level. Factors provided in the article show the necessity to develop uniform approaches on theoretical and methodological levels based on human-centric principles, which can become a key indicator of the general appraisal of social and economic development of regions and a tool of strategic planning.
Today the ecosystem approach to the industry development is being discussed both in academic and research quarters and on the level of guidance systems of regions, industries, cluster structures and separate enterprises. Ecosystems of different types, productive, entrepreneurial, digital can change the object field of trends, steps and tools of industrial policy. In conditions of sharp geopolitical crisis that caused the necessity of intensification of innovative product output needed to ensure technological sovereignty of Russia within the shortest period of time, the role of state in regulating and coordinating industrial ecosystem development is growing. The article partly demonstrated the theoretical base of industrial ecosystems and analyzed the way industrial policy can be realized, which was illustrated by the Udmurt Republic. The author proceeds from the fact that industrial ecosystem in the region is being formed right now. He reviewed the present measures of support meant for regional actors of ecosystem that are implemented by bodies of executive power and institutions of development. The author came to the conclusion that it is necessary to set up in the region the Agency on innovation development and put forward a project of its organizational structure and competencies. He also pointed out to significance of digital platforming of industrial ecosystem of the region in order to improve effective interaction between regional actors and to ensure sustainability of ecosystem.
In conditions of digital economy development non-standard employment becomes more and more important on labour market of Uzbekistan. In spite of its potential advantages, such as flexibility and feasibility of entrepreneurship non-standard employment brings its challenges, for example absence of social welfare and stable income. The author of the article analyzed the current standing of non-standard employment in Uzbekistan, showed key trends and challenges and also provided recommendations for improvement of the situation. The research findings highlighted the importance of developing adequate measures aimed at ensuring just working conditions and social welfare for all workers irrespective of their employment.
The article studies problems of managing units of nuclear heritage in Russia on the final stage of their life cycle connected with low effectiveness of measures used in practical work, which are caused mainly by deficiency of the regulatory framework. The author investigated overseas and Russian practices in the field of organization and support of operations aimed at liquidation of nuclear heritage units, conducted comparative analysis of organizational and finance mechanisms to control this work. Recommendations were elaborated on organization and financing operations dealing with security and putting out off work nuclear heritage units in Russia, meeting the best practices, on the basis of a specialized organization, i.e. heritage operator. The key functions of the heritage operator are identification and registration of units, including systematization of all attainable data concerning them; estimation of safety and finance and economic parameters; long-term planning on the basis of unit ranging and acting as a commissioner of work on their liquidation. Financing of such operations could be provided by co-financing by state, which is a customer and key consumer of products of nuclear heritage units and operating organizations. Taking into account the Russian practice in the field of resolving accumulated problems of nuclear heritage the proposed mechanisms could be implemented within the frames of specialized federal law.
FINANCE
In spite of global economic after-effects of pandemic (both biological and economic) risks of world economy fragmentation and severance of finance integration international trade in derivatives keeps on growing as a tool of ‘finance conciliation’ and it makes it necessary to research opportunities of this phenomenon widening. The article provides analysis of derivative market and shows key precedents that they set in international trade between different political blocks. The authors study the emerging market of crypto-derivatives, as development of blockchain technologies creates a new reality, which according to analysts, could embrace the next 400 years. Investigations of many investment companies show that extension of derivative market results in sustainable positive changes in various segments of economy, because now they cannot be controlled by political powers in different countries. However, this situation will remain intact only till the moment, when political structures learn to control their dynamics. The system of blockchain register changes traditional models and exercises positive impact on crypto-derivative market characterized by highest growth rate. Similar situation can be observed on digital asset market. Practical importance of the research implies the opportunity to estimate chances of developing mechanism of perfect competition, at least on this segment, which could permit to support positive economic changes and stability.
The development of any state is closely connected with sustainability of its banking system. Credit organizations (commercial banks) are an important element of economy, as they process and store the major part of monetary means. That is why work and efficiency of commercial bank functioning attract attention both on the part of the public and on the part of state finance regulators. In conditions of global and local crises the most important task of the commercial bank is elaboration of effective crisis strategy that can ensure its finance stability during the crisis and at the same time foster successful overcoming of various risks in order to guarantee economic security. The research goal is to define the notion ‘crisis finance strategy of credit organization’, to identify on the theoretical level in-bank causes of crises and accompanying risks, to find methods of state impact on crisis in the banking sphere, like crises in different countries, and tools of crisis strategy, which could provide an adequate level of economic security of the credit organization.
With regard to sanction confrontation and numerous finance and economic restrictions strategic management of fiscal policy aiming at provision of stable finance earnings is becoming the most important factor of the economic development of any country. Administration of tax and non-tax payments plays a key role in shaping finance policy and ensuring stability of tax and budget system of the country. In this context experience of India, as a country with rapidly developing economy and unique system of tax administration is especially interesting. In India they use a mechanism of tax and non-tax payments whose administration system deserves special attention, as it forms an integral part of its finance system ensuring finance security and, in general, sustainable development of the country. The article studies different components of the Indian fiscal system. Special attention is paid to specific taxation of tax, non-tax and other earnings in the structure of budget revenues of the country.
The article studies acute transformations of today’s stock market in Russia connected with the objective necessity of its sovereignization and redomiciliation of shares of Russian issuers. Specific features of these processes, risks and trends were identified and authors’ characteristics of factors that can affect the stock market dynamics were provided. The risk of prolonged keeping of a high key interest rate is marked as a principle one, while its impact has not so far brought serious results for inflation rate curbing, it influences the rise in interest rates on corporate borrowing market. A new interpretation of Russian share market and key interest rate movement was put forward, as well as characteristics of their interconnection proceeding from behavior grounds of home investors. All aspects of redomiciliation of shares of Russian issuers were analyzed as a key trend in sovereignization of home stock market. Participants’ interests in the process of redomiciliation were specified and risks of its impact on price trends on Russian share market were highlighted. The influence of redomiciliation on dividend history of home share market was analyzed. Special attention was paid to underestimation of home share market and possible impact of redomiciliation on dynamics of market share evaluation. According to the authors, shaping the sector of highly technological company shares is a stable trend in sovereignization of home stock market.
The article investigates the economic essence of institutional investors in 2 aspects: distinction from individual investors and impact on finance stability. Within the frames of the 1st aspect arguments are provided to prove the fact that the key difference between institutional investors and individual ones is the recipient of investment returns. To study the 2nd aspect Russian and overseas academic literature is analyzed, as well as acute statistics that help classify institutional investors by three categories: proportion of the share capital, investment horizon and source of capital building-up. This classification forms a basis of identifying after-effects of realizing various investors’ right to withdrawal and their impact on finance stability. The author assumes that institutional investor can be ascribed simultaneously to different types, which can increase their influence on finance stability at the expense of combining possible effects of realizing the right to withdraw. It became clear that today minority investors do not exercise serious impact on finance stability, however, they can intensify the impact of majority shareholders (especially institutional investors) on corporate sector of finance market in drag-along and tag-along conditions.
Nowadays the activities of many small innovative companies are concentrated in the field of digital technologies. Today operation of plenty of small innovation highly-technological companies concentrates in the field of digital technologies. Importance of compiling finance plans for these companies is explained by the necessity to compare the level of supposed costs, profitability and payback time with shareholders’ expectations; decision-making on financing tools; appraisal of investment appeal for potential investors. The key goal of the research is to study current methods of finance planning in order to assess their applicability in practice for small innovation companies. Using a real company as an example, three methods were compared: conceptual appraisal, scenario planning and Monte Carlo method. As a result the following conclusion was drawn: in conditions of uncertainty in making-up finance plans of small innovation companies it is advisable to use probability interpretation of work results, i. e. to use scholastic methods of finance planning to find possibility of damage arising.
The article studies key trends in upgrading finance accounting in public sector built with regard to principle peculiarities of economy in state entities. By analyzing the structure of drawing-up the report on results of finance operations published in IPSAS 1 standard ‘Providing Finance Accounting’ factors were found that influence accounting of public sector. The author researched the following notions: service potential, future economic benefits of public sector, exchange and non-exchange operations as basic factors affecting the structure of report on results of finance operations. Apart from that, draft report models on results of finance operations were developed and offered for use as they take into account key peculiarities of economic entities of public sector proceeding from classification of work by useful (service) potential and future economic benefits. It was found out that nature of asset acquisition by exchange and non-exchange operation can simplify the approaches to estimation of economic resource by using either just value or factual cost value. In the process of research the author specified characteristis of models for drawing up the report on results of finance operations by nature of costs and by their functional purpose depending on national specific features of conducting budget accounting in the concrete country.
ECONOMICS OF LABOUR
Production and economic situation observed in product manufacturing makes the problem of personnel management even more topical in view of needs in highly-qualified labour resources. The article provides analysis of HR condition at the industrial enterprise. The analysis is based on statistical data and information collected within the frames of personnel policy monitoring. Certain aspects of HR policy were compared with regard to attracting labour personnel into production sphere at modern industrial enterprise. Challenges of upgrading HR policy were studied with due regard to professional suitability. Special attention was paid to the necessity to implement the program of advanced training based on requirements of production and gathered experience.
The article focuses on the problem of professional integration of Russian women in new processes of information and technological development. The topic of gender inequality on labour market in certain shapes and forms is typical of nearly all today’s professions. The sphere of information and digital technologies is not an exception. IT- and STEM-industries present only one line in a vast scope of research dealing with women inclusion in this professional field. The author studies reasons for underestimation of labour and creative potential of women, due to which women find themselves connected with humanitarian and social occupations, while men – with occupations dealing with mathematics, engineering, high technologies and information science. It was pointed out that various professional skills, talents and creative dominance of women are not in demand. A whole set of external and internal factors were investigated that prevent women from entering professional spheres of IT and STEM, which can back up gender disparity and segregation in labour sphere. The author came to the conclusion that gender disparity not only exercises a negative impact on social and ethic relations but can cause direct economic and staff costs for the country. In its turn the extended presence of women in new digital industries and technical sectors can foster the development of economy and at the same time can help resolve numerous problems of gender inequality in labour sphere. Attaining gender balance is still an open and multi-sided topic in theoretical and practical plan on the junction of investigating labour economics and sociology of labour relations.
The system of long-term nursing is an important element of the system of social welfare, which gives an opportunity to create necessary conditions for worthy life of elderly people with restrictions and disabled ones. At the same time it can decrease the burden on the Public Health System in rendering in-patient and out-patient services to these people and on households in arranging lasting care in the form of unpaid work of relatives and in the form of expenses on medication and technical means of rehabilitation. In this way relatives who have to do nursing, can keep their employment and realize themselves in society and the family will not lose incomes. In view of the increasing trend of populating aging and of growing share of people older than the retirement age establishing and developing the system of long-term nursing is a very serious goal. However, it will need a clear and stable source of financing. In Russia the system of long-term nursing has been developing as a pilot project only for 5 years and results of this work are extremely important. The article appraised the effective mechanism of financing the system of long-term nursing for elderly people and disabled ones, analyzed different variants of financing long-term nursing systems in world practice and provided feasible potential of their introduction in home practice.
Digitalization exercises different impact on social and labour relations observed between employee and employer during recruitment process, conducting labour functions and terminating labour activity. On the one hand, digitalization fosters a growth in organization efficiency at the expense of cutting transaction costs and optimization of labour processes. At the same time it can lead to serious risks in the sphere of eroding worker’s social capital by reducing intensity of interaction with colleagues, drop in work team cohesion and violations of work-rest balance. Within the frames of the research the author systematized conclusions of 51 investigations studying the impact of digitalization on social and labour relations. The author discusses aspects of regulatory framework of social and labour relations in conditions of digitalization. And finally, aspects were highlighted that exert complex affect on the development of social and labour relations in conditions of digitalization. As a result a conclusion was drawn that digitalization can cause speeding-up of precarization of labour relations.
THEORY AND PRACTICE OF MANAGEMENT
The notion of corporate security came into being in the late 19th century, however the use and spread of the term in business-environment took place only in the second half of the 20th century. This notion was introduced into circulation to name a system of measures and practices aimed at protection of corporate interests and resources from internal and external threats. Corporate security of the company is a complicated set of measures and procedures for managing risks and at the same time a subject to management with a brand new content, whose topicality is sharpening due to risks of sustainable development. Business partners, company clients and other concerned persons often transfer their communication to the e-environment, where unpredictable changes take place and new risks arise. It can result in transformation of certain types of risks, such as finance, investment, reputational, regulatory, etc. Continuous study of risk transformation, importance of their impact on business and economy, sustainable development of companies shall be introduced as a mandatory function within the frames of sub-system of company corporate security. The authors showed that for timely appraisal of new risk and external factor impact on sustainable development of companies and their business it is necessary to restructure the system of in-company control with regard to corporate security as an element of the system of corporate management.
The article studies theoretical and methodological provisions for managing changes and recommendations on speeding-up technological reforms in the context of enterprise digital transformation. The author shows how to treat transformation integrally, i.e. from rapid innovation to the development of digital culture. The following conclusion was drawn: transparence of digital initiatives, adequate training, support of personal development and willingness to use unknown approaches are not properly elaborated on employees’ level. To resolve this problem the author proposed to carry out organizational reforms and changes in cultural thinking at the enterprise in general with further transition to digital thinking. Culture relying on digital transformation is a visiting card of mature digital enterprises and can foster innovation and extended cooperation. Management of changes requires confident and competent top management. So that enterprise executives start moving in the direction of digital transformation they shall first of all understand potential benefits of such changes and losses they can incur, it they do not do it. Organizational changes can allow the enterprise to pass on to a new level of management and resolve a number of problems connected with personnel resistance and people adaptation to forthcoming changes.
Customs statistics allow us to make a conclusion that foreign economic processes on the current stage do not stop and are not broken, but they are just re-oriented to other overseas markets or carried out by other logistic chains. In this situation the role of customs control after production output, which is conducted by one of its forms, i. e. customs check rises. To provide efficiency of customs check it is necessary to maintain continuous monitoring on the part of customs bodies in respect of problematic issues, their analysis and fast solution taking into account ‘The Strategy of Development of Customs Service in the Russian Federation up to 2030’. Now there are various controversial aspects in the research subject that shall be settled. Today’s customs control after production output must be effective for our state, and for a participant of foreign economic activity, customs check must be quick (imperceptible) and just. In view of this the article discusses problematic aspects of conducting customs check, underlines reasons for their arising and puts forward optimum ways of their resolving. These complicated problems shall be settled only in a complex way, so that it will be possible to see their effectiveness in the near future and in case of necessity to correct them.
The article studies sources of professional education impact on successfulness of career growth, which underlies organizational motivation; substantiates approaches to building education trajectories creating competitive advantage on labour market and puts forwards an ideal model of career growth worked out with regard to education levels, professional standard levels and the work-related line of an abstract organization. The author provided recommendations on shaping well-balanced motivation of experts of organization management system. The research was done with due regard to requirements of the professional standard ‘Management (Control) of the Organization’. The problem of career growth management was considered only for the category of administrativemanagerial personnel or managers, i.e. functional experts of the system of organization management. To process information, substantiate problems and obtain results of the present research the author used methods of comparative analysis, grouping, sociological investigations, as well as historic method and method of complex analysis and synthesis.
Topicality of the subject is stipulated by the necessity of working-out algorithms to identify stakeholders and channels of communication with them, which could help cut costs and control risks present in the process in general and within the frames of business-ecosystems in particular. The article describes in detail the process of corporate interaction and identifies structure of its key stages. By analyzing the current approaches to organization of corporate interaction provided in a number of academic works the author put forwards a matrix, which shows the structure of mutually beneficial exchange of resources and profits for participants of corporate interaction. This analysis gives an opportunity to find out stakeholders’ interests, understanding of which can lead to the balance underlying the efficient corporate interaction. Using the conclusions on nature of the interaction process the author elaborated methodology of building technologies of sustainable corporate interaction in business-ecosystems.
MARKETING, LOGISTICS, SERVICE SECTOR
Lately we can observe serious changes in global retail trade stipulated by the development of technologies and modifications in customer expectations. Accumulation of knowledge of practical nature about use of digital technologies in retain trade has not got sufficient theoretical and methodological understanding so far. The goal of the research is to identify trends in using new technologies in retain trade by generalization of overseas experience. The informational base of the research is formed by works by foreign authors published in data base Scopus and Web Science from 2002 to 2023, press-releases of foreign retain companies and information on sites of trade equipment manufacturers. Certain new technologies were found that exercise considerable impact on retain trade. Overseas experience of introducing new technologies was analyzed and their advantages in view of different aspects of comfort for customers and provision of social presence were identified. Apart from that opportunities were studied that can offer new technologies for improving operational efficiency of retail trade enterprises. A conclusion was made that they are used insufficiently. Retailers need not just separate digital solutions, but complex digitalization, which requires changes in organizational structure and business-processes. Only building of general and systematic digital strategy that takes into account organizational transformation, modernization, upgrading quality, optimization of delivery chains, etc. can help retailers raise their competitiveness.
ISSN 2587-9251 (Online)