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Digitalization as an enterprise management tool

Title: 


Digitalization as an enterprise management tool


Authors:

 

KILYAR, Oleksandra
ROMANIV, Alla
SLOTIUK, Artem
MIDLO, Bogdan


Affiliation: 


Ternopil Ivan Puluj National Technical University, 56 Ruska str., 46001, Ternopil, Ukraine


Bibliographic description (International): 


Kilyar, O., Romaniv, A., Slotiuk, A. & Midlo, B. (2021) Didzhytalizatsiia, yak instrument upravlinnia pidpryiemstvom [Digitalization as an enterprise management tool]. Sotsialnoekonomichni problemy i derzhava [Socio-Economic Problems and the State] (electronic journal), Vol. 25, no. 2, pp. 715-721. Available at: http://sepd.tntu.edu.ua/images/stories/pdf/2021/21koriup.pdf


Journal/Collection: 


Socio-Economic Problems and the State


Issue: 


2(25)


Issue Date: 


Nov-2021


Submitted date: 


Oct-2021


Date of entry: 


6-Oct-2022


Publisher: 


Ternopil Ivan Puluj National Technical University


Country (code): 


UA


Place of the edition/event: 


Ternopil


ORCID Id: 


https://orcid.org/0000-0003-2344-5961


DOI:


UDC: 


https://doi.org/10.33108/sepd2022.02.715


658


JEL: 


A10
O10
O32


Keywords: 


digitization
COVID-19 pandemic
enterprise
business
development
management


Number of pages: 


7


Page range: 


715-721


Start page: 


715


End page: 


721


Abstract:

 

The essence and features of digitalization at enterprises as an element of their competitive advantage are considered in the article, the place and role of digitalization in increasing competitiveness and the preconditions and problems of digitalization of enterprises are identified, tasks and measures for digitalization of enterprises are defined using modern information technologies and methods of enterprise management, determining the main aims and priorities of the enterprises activity under strengthening of a competition and deepening of integration processes of global economy. Digitalization is considered as a priority need for change and adaptation of enterprise management in a pandemic. The state of economic entities during the COVID-19 pandemic is analyzed in the article. The following features are revealed in the study: the pandemic and quarantine caused a decline in consumer incomes, which led to a general decline in corporate profitability and increased operating costs; the change in market conditions caused by the pandemic has prompted businesses to adapt to new conditions through the introduction of innovative technologies, new communication channels and information systems. It has been established that the changes caused by global processes and the COVID-19 pandemic have led to significant changes in the classic business management system, and the transition to business digitalization has become a prerequisite for competitive advantage in today's environment. The use of information systems, elements of artificial intelligence in the business management system has allowed many business owners to not only stay in the market, but also gain new benefits. The approach of the "Three Horizons" of enterprise development is considered, which is based on the analysis of opportunities for growth and search for ideas for the desired horizon: the advantage of security and creating additional benefits for customers.


URI: 


http://elartu.tntu.edu.ua/handle/lib/38864


ISSN: 


2223-3822


Copyright owner: 


Scientific Journal "Socio-Economic Problems and the State"


URL for reference material: 


http://sepd.tntu.edu.ua/images/stories/pdf/2021/21koriup.pdf
https://doi.org/10.25313/2520-2057-2018-22-4555
http://journals.dut.edu.ua/index.php/emb/article/view/2215
http://confmanagement.kpi.ua/proc/article/view/201202.
http://nbuv.gov.ua/UJRN/ecmebi_2018_1_7
https://dtek.com/media-center/news/die-another-day-pochemu-kompaniyam-nuzhno-osvaivat-novye-gorizonty-biznesa


References (International): 


1. Loginenko L., Hropko A., Domanskyi A. (2018). Zmist ta mekhanizm formuvannia stratehii didzhytalizatsii v biznes-orhanizatsiiakh [Content and mechanism of digitalization strategy formation in business organizations] Mizhnarodnyi naukovyi zhurnal "Internauka". 2018. №22. Available at: https://doi.org/10.25313/2520-2057-2018-22-4555 (accessed: 23.11.2021).
2. Hudz O., Fediunin S.(2019). Dydzhytalizatsiia, yak konkurentna perevaha pidpryiemstv[Digitalization as a competitive advantage of enterprises] Ekonomika. Menedzhment. Biznes. № 3 (29). 2019. Available at: http://journals.dut.edu.ua/index.php/emb/article/view/2215 (accessed: 23.11.2021).
3. Savytska O., Salabai V. (2020) Didzhytalizatsiia upravlinnia biznesom pidpryiemstva v konteksti rozvytku industrii 4.0 v Ukraini [Digitalization of Enterprise Business Management in the context of Industry Development 4.0 in Ukraine] I Mizhnarodna naukovo-praktychna konferentsiia «Biznes, innovatsii, menedzhment: problemy ta perspektyvy». 2020. Available at: http://confmanagement.kpi.ua/proc/article/view/201202 (accessed: 23.11.2021).
4. Husieva O. Yu. (2018). Didzhytalizatsiia – yak instrument udoskonalennia biznes-protsesiv, yikh optymizatsiia [Digitalization - as a tool for improving business processes and optimizing them] Ekonomika. Menedzhment. Biznes. 2018. № 1. pp. 33-39. Available at: http://nbuv.gov.ua/UJRN/ecmebi_2018_1_7 (accessed: 23.11.2021).
5. Verkhovodov A. (2020). Die another day: Chomu kompaniiam potribno osvoiuvaty novi horyzonty biznesu [Die another Day: why companies need to explore new business horizons]. DTEK. 2020. Available at: https://dtek.com/media-center/news/die-another-day-pochemu-kompaniyam-nuzhno-osvaivat-novye-gorizonty-biznesa/ (accessed: 23.11.2021).


Content type: 


Article


Appears in Collections:


Scientific Journal "Socio-Economic Problems and the State" Vol 2(25)

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