scholarly journals Threats to the economic security of a digital enterprise in the energy industry

2021 ◽  
Vol 288 ◽  
pp. 01018
Author(s):  
Ekaterina Khusainova ◽  
Liliya Urazbahtina ◽  
Nina Serkina ◽  
Regina Salixova ◽  
Zoya Shackih
Keyword(s):  
Economic Security ◽  
Digital Transformation ◽  
Energy Industry ◽  
Competitive Advantages ◽  
Economic Agents ◽  
Macroeconomic Conditions ◽  
Progressive Development ◽  
Effective System ◽  
The One ◽  
Digital Enterprise

The progressive development of regions as open multi-level systems in the context of aggravating contradictions between the interests of economic agents at the stages of deteriorating macroeconomic conditions and intensifying competition at the global and national levels determine the need to form an effective system of economic security at the meso-level, taking into account numerous threats and risk-forming factors. On the one hand, the digital transformation of enterprises provides competitive advantages in the market, on the other hand, it is a challenge that threatens the very existence of the enterprise. The article reveals the features of a digital enterprise through the prism of process vulnerability. Digital transformation creates new threats to economic security. The main specific threats to the digital enterprise are highlighted, as well as the specific industry threats to the digital enterprise in the energy industry. A classification of threats to the economic security of a digital enterprise in the energy industry in an unstable situation is presented, which can be used as a tool for managing the economic security of a digital enterprise.

Digital Transformation in the Energy Industry

2021 ◽  
pp. 97-111
Author(s):  
Emiliano Sola ◽  
Viviana D'Angelo ◽  
Francesca Capo
Keyword(s):  
Business Models ◽  
Oil And Gas ◽  
New Technologies ◽  
Customer Experience ◽  
End Users ◽  
Digital Transformation ◽  
Energy Industry ◽  
Wide Range ◽  
The Face ◽  
The One

In recent years, digital transformation has begun to significantly affect the business landscape, disrupting existing business models. In the midst of this revolution, oil and gas retail companies are experiencing a strong transformation of the whole industry, which is also driving the transformation of their processes, assets, and people. In this chapter, the authors explore how oil and gas retail companies are trying to redefine their business models by providing end-users with a wide range of smart and connected solutions. The main purpose of this work is to analyse, in the face of the digital transformation era, the potential that new technologies can unleash in mature and commoditized industries such as the one of oil and gas retail. In particular, the present work focuses on the digital transformation strategy of fuel retail companies based on the improvement of customer experience.

Specifics of creating an effective system of project financing of innovation and investment activities of dairy subcomplex enterprises

2020 ◽  
Vol 26 (9) ◽  
pp. 1951-1969
Author(s):  
S.A. Chernikova
Keyword(s):  
Financial Stability ◽  
Current Model ◽  
Methodological Approach ◽  
Information Support ◽  
Competitive Advantages ◽  
Project Financing ◽  
Financing System ◽  
Management Of Innovation ◽  
Effective System ◽  
The Impact

Subject. The article considers the need to study the financing of investment and innovation processes and creating an effective system of project financing. Objectives. The purpose is to search for new opportunities to enhance the competitive advantages of enterprises of the dairy subcomplex, to ensure their financial stability and steady position in specialized agricultural food-product markets. Methods. The study draws on the theoretical and methodological approach to the impact of project management of innovation and investment activities on improving the efficiency of the project financing system and financial stability of enterprises operating in the dairy subcomplex. Results. The findings show that four levels can be distinguished in the formation and improvement of the system of project financing and the management of innovation and investment activities, depending on the depth of transformation. The principle that provides the integration of the said system with the current model of management of the dairy subcomplex enterprise is defined as a driver. The paper offers a number of levels of the system transformation to gain competitive advantages. Conclusions. I present a mechanism for creating and improving the system of project financing and the management of innovation and investment activities, and a mechanism for interaction of the network of automated information systems, intended to make management decisions, with the automation of information support to innovative solutions.

Challenges and threats to the economic security in the ferrous metallurgy

2020 ◽  
Vol 8 (8) ◽  
pp. 1527-1544
Author(s):  
I.L. Ryabkov ◽  
N.N. Yashalova
Keyword(s):  
Ferrous Metallurgy ◽  
Financial Management ◽  
Ferrous Metal ◽  
Economic Security ◽  
Competitive Advantages ◽  
Corporate Strategies ◽  
Group Methods ◽  
Production Distribution ◽  
The Impact ◽  
Market Strategies

Subject. The article focuses on market strategies of the Russian enterprises operating in the ferrous metallurgy. Objectives. The study is to analyze corporate strategies the leading ferrous metal manufacturers use in the Russian Federation, such as NLMK Group, Severstal, Magnitogorsk Iron & Steel Works, EVRAZ Group. Methods. The study interprets public financial statements and methods of the logic, intuitive and comparative analysis. Results. We analyze market strategies of the Russian metal manufacturers, determine their development priorities and competitive advantages and weaknesses. We describe the impact of various threats and measures metallurgical companies undertake to eliminate them. Conclusions and Relevance. We sorted out possible threats and exposures of the Russian metallurgic companies' economic security and traced the dynamics of their significance for 2015 to 2019. Key threats relate to policies, economy, external and internal market, regulations and laws, production, distribution and financial management, consumption, IT, social welfare and environment.

Macroeconomic conditions are only an illusion, not the solution, to firm sustainability: unveiling the new dimension of stakeholder well-being

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Zahid Irshad Younas ◽  
Mahvesh Khan ◽  
Mamdouh Abdulaziz Saleh Al-Faryan
Keyword(s):  
Well Being ◽  
Developed Countries ◽  
Macroeconomic Performance ◽  
Content Type ◽  
Macroeconomic Conditions ◽  
Us Economy ◽  
The Us ◽  
The Usa ◽  
Negative Impacts ◽  
The One

Purpose The purpose of the study is to explore the misconception that in developed countries, macroeconomic performance lead to sustainable firms or improves stakeholder well-being. The results may be the opposite or even worse. Design/methodology/approach This study examined this misconception using balanced panel data from 1,122 firms from different sectors of the US economy and data on macroeconomic performance from the World Bank. Findings The results of the one-step generalised method of moments indicate that most macroeconomic performance indicators had significant and negative impacts on firm sustainability and stakeholder well-being. Practical implications From a societal perspective, the results illustrate that the fruits of macroeconomic performance of the US economy do not reach stakeholders through firms’ sustainability. Thus, linking the economy’s macroeconomic performance with firm sustainability is vital for sustainably uplifting society and for stakeholder well-being. Originality/value From a policy perspective, this study reveals that the greater focus on macroeconomic performance in the USA over the past decades has resulted in lower firm sustainability because of the malfunctioning of social, economic, environmental and governance factors. This has negatively influenced stakeholder well-being in the country.

ECONOMIC THEORIES OF COMPETITION, WHICH DETERMINE THE CONDITIONS AND FACTORS OF FORMATION OF TECHNOLOGICAL COMPETITIVENESS OF THE NATIONAL ECONOMY

2021 ◽  
Vol 296 (4) ◽  
pp. 100-104
Author(s):  
Yaroslav BEREZIVSKYI ◽  
Keyword(s):  
National Economy ◽  
Technology Implementation ◽  
Competitive Advantages ◽  
Economic Agents ◽  
Economic Theories ◽  
Intellectual Resource ◽  
Wide Range ◽  
Innovation And Technology ◽  
The Difference ◽  
Technological Competitiveness

A significant number of scientific economic theories have been identified, which substantiate the essential characteristics of the technological competitiveness of the national economy. The difference between each of the theories is due to the evolution of economic development, conditions and factors of formation, as well as directions and means (tools) to ensure the technological competitiveness of the national economy. The conditions and factors of formation of technological competitiveness of the national economy according to economic theories of competition – blue ocean, global advance of competitors, competitive advantages, cyclical development of economy, neoliberalism, structuring are allocated. In each of the theories of competition as their historical evolution, the technological competitiveness of the economy was considered in the context of access and ability to effectively use technological resources, the formation of the market of innovation and technology, implementation of state policy to stimulate innovation. Taking into account theories of competition allows to clarify the important characteristics of technological competitiveness of the national economy, which relate to determining the influence of society, state, market environment, globalization and informatization on the creation and implementation of technologies in economic processes, economic competitiveness. Analysis of the evolution of scientific views shows the high intensity of changes in the field of competition and provides a wide range of conditions and factors for the formation of technological competitiveness, the development of economic agents. Accordingly, the lack of opportunities for technological and innovative development of national producers should be regarded as the main threat to the competitiveness of the economy. These are market, infrastructural, technological, innovative, intellectual, resource and other trends, in the context of which it becomes possible to effectively use competitive opportunities.

HUMAN RESOURCES MANAGEMENT IN THE CONTEXT OF DIGITAL TRANSFORMATION OF THE ECONOMIC ENVIRONMENT

2021 ◽  
Vol 1 (12) ◽  
pp. 51-56
Author(s):  
Yuri O. Kolotov ◽  
◽  
Anastasia V. Sharopatova ◽  
Alyona E. Salamova ◽  
◽  
...  
Keyword(s):  
Human Capital ◽  
Human Resources ◽  
Development Strategy ◽  
Intellectual Capital ◽  
Human Resources Management ◽  
Industrial Relations ◽  
Digital Transformation ◽  
Competitive Advantages ◽  
Resources Management ◽  
Modern Enterprise

One of the most important assets of a modern enterprise is human capital and its development opportunities. The need to maintain intellectual capital is due to the introduction of new technological solutions and changes in industrial relations. There is a transformation of the management environment, which focuses on intangible assets and thereby moves to competitive advantages. Within the framework of this article, the peculiarities of regulation and methods of human resources management at the enterprise in the conditions of digitalization are studied. The characteristic of the involvement of domestic enterprises in the HR development strategy is given.

Digital Transformation of Small Enterprise Activities in the Context of Economic Security

2021 ◽  
Vol 27 (8) ◽  
pp. 654-666
Author(s):  
E. G. Pashkovskaya
Keyword(s):  
Synergetic Effect ◽  
Internet Marketing ◽  
Economic Security ◽  
Digital Transformation ◽  
Small Enterprise ◽  
Small Enterprises ◽  
Scientific Methods ◽  
Digital Ecosystem ◽  
Special Scientific ◽  
Mechanisms Of Adaptation

Aim. The presented study aims to develop recommendations for improving the existing mechanisms of adaptation of small enterprises to the uncertain conditions of the external environment associated with digitalization processes in the economy.Tasks. The author analyzes the existing mechanisms of adaptation of small enterprises to the conditions of uncertainty; substantiates the connection between the digitalization of business processes and the economic security of enterprises; proposes an original approach to the content of the mechanism of adaptation of small enterprises to the processes of digitalization.Methods. The author uses general and special scientific methods and techniques. General scientific methods include analysis and synthesis, comparison and generalization, modeling, literature review, observation, and expert assessment. Special scientific methods include factor analysis and process analysis.Results. The author substantiates the introduction of digital tools provided by Industry 4.0 and step-by-step digitalization of small enterprises in the form of original diagrams demonstrating the content of the mechanism of adaptation of enterprises to the processes of digitalization, individual elements of this mechanism (Internet marketing and its technologies), and prospects for the development of the mechanism in the form of a diagram of its integration into a large digital ecosystem (region, cluster, etc.). The most significant elements of the proposed adaptation mechanism are the mechanism of digitalization and the mechanism of economic security of small enterprises as well as their relationship and balance of interests. The study examines practical approaches to the step-by-step digitalization of small enterprise activities by assessing the efficiency of introducing certain Internet marketing tools in the activities of a small enterprise that does not directly operate in online mode (a chain of driving schools). A relevant investment project is assessed, showing the efficiency of all proposed scenarios. The author also considers the prospects of integrating small enterprises into a single digital ecosystem of a larger structure or entity (region, cluster, etc.) for a large-scale socio-economic synergetic effect that would serve as a mutual benefit for all participants of the system.Conclusions. In spite of the lack of a clear model for the digitalization of the economy in Russia and many obstacles to the successful digital transformation of small enterprises, practical digitalization mechanisms are already being developed, offering a set of step-by-step actions for small enterprises with allowance for their limited resources and prospects for development in each market. One of the success factors of digitalization is the correlation and balance between digitalization mechanisms and the economic security of enterprises. By adopting international approaches to Internet marketing technologies, a modern small enterprise gains a significant strategic advantage in the long term.

THREATS TO INTERNATIONAL ECONOMIC SECURITY AND ITS CONSEQUENCES

2021 ◽  
Author(s):  
A.Y. Rudenko ◽  
◽  
E.S. Novopashina ◽  
Keyword(s):  
International Economic ◽  
Economic Security ◽  
Main Trend ◽  
Modern World ◽  
Technological Changes ◽  
Cultural Conflicts ◽  
Poor Countries ◽  
The Russian Federation ◽  
The One ◽  
World Development

Radical changes are taking place in the modern world. Globalization caused by technological changes has become the main trend of world development. On the one hand, increased interdependence of countries and regions, and increasing the gap between rich and poor countries, aggravated the socio-economic, socio-political, ethno-cultural conflicts within countries. Therefore, maintaining international economic security requires new approaches and a new level of interstate interaction. The Russian Federation is in such a situation, which determines the need for research and implementation of a scientifically based security system.

Economic sovereignty and economic security of Ukraine (interrelation and mutual understanding) in the context of their doctrinal and legal support

2021 ◽  
Vol 28 (3) ◽  
pp. 209-223
Author(s):  
Vasyl Ya. Tatsii ◽  
Yevhen M. Bilousov ◽  
Daryna S. Kosinova
Keyword(s):  
Economic Security ◽  
The State ◽  
Mutual Understanding ◽  
Economic Relations ◽  
Economies In Transition ◽  
Effective System ◽  
National Model ◽  
Legal Security ◽  
Definition Of ◽  
National Systems

The purpose of this article is to address current issues of doctrinal and legal security of economic security of the state with the actualisation of issues concerning the relationship between the concepts of “economic security” and “economic sovereignty” in their relationship and mutual understanding. The authors pay attention to the analysis of existing in the national legal doctrines of individual countries scientific approaches to the definition of “economic sovereignty”, clarify its main features, analyse the scientific approaches of domestic and foreign researchers to define the concept of “economic security” and on this basis own vision of the instrumental content of these definitions. It is argued that the concept of “economic sovereignty” is primary in relation to the concept of “economic security”. The article examines the national systems (models) of economic security of the state, including, in particular, American, Japanese, Chinese, models of institutional entities (in particular, the EU), models typical of countries with economies in transition. The authors found that Ukraine is characterised by a system (model) of economic security of countries with economies in transition, which is fragmented and inconsistent in its construction, which ultimately affects the state of economic security of the state as a whole. It was found that the main goal of Ukraine at this stage of its development in the context of building a national model of economic security is to create an effective system of means to overcome or minimise existing or potential threats, especially in the context of globalisation of trade and economic relations. The paper emphasises the need to borrow positive foreign experience of legal support of relations for the creation and implementation of national systems of economic security of the state to gradually transform Ukraine into an important participant in the processes of international economic security

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