Management Consulting In The Digital Economy

2020 ◽  
Vol 9 (2) ◽  
pp. 67-72
Author(s):  
N. Mrochkovskiy
Keyword(s):  
Economic Efficiency ◽  
Special Form ◽  
Digital Economy ◽  
Management Consulting ◽  
Consulting Services ◽  
Method Of Payment ◽  
Business Entities ◽  
The Impact

The article discusses the transformation of management consulting in the digital economy: the functions of management consulting and the reasons for the impact of consulting on the functioning and development of business entities are determined. The author classified the types of management consulting in the digital economy as a special form of organizations. In particular, the following classification features were identified: regularity, nature of interaction, degree of standardization, nature of integration of a consultant and a recipient of services, method of payment for consultant services, formalization of consulting services. The article also provides an overview of opportunities for intensifying and increasing the level of financial and economic efficiency of consulting services.

Mathematical models forecasting the transformation of the tax path of large russian companies

2019 ◽  
Vol 5 (3) ◽  
pp. 193-203
Author(s):  
Kristina A. Bannova ◽  
Nurken E. Aktaev ◽  
Yulia G. Tyurina
Keyword(s):  
Information And Communication Technologies ◽  
Business Processes ◽  
Digital Economy ◽  
The State ◽  
Russian Society ◽  
Financial Flows ◽  
Business Entities ◽  
Object Of Study ◽  
Tax Changes ◽  
The Impact

Digital technologies have changed the relationship between the society and business entities, taxpayers and the state. Ceteris paribus, the ability to effectively manage financial flows and make administrative decisions depends on the correct and established interaction between the state and taxpayers. This study aims to form and develop a taxpayer’s understanding of the digital age with all its features and opportunities for information and communication technologies, including mathematical modeling methods that form the basis of the digital economy for building and sustaining business development, improving the systemic vision of business processes. The research hypothesis is that the further development of economic entities management in the digital context, as well as the coordination of these entities’ interests, is possible only in the partnership of the key economic participants, with the taxpayer at the forefront. That will allow identifying the areas for improving tax trajectories. Using polynomial approximation, the authors have obtained the models of tax trajectories of companies that allow predicting tax burden. The data for approximations are obtained using the previously constructed mathematical model of the optimal tax path. The main input data of the model are fixed assets and human resources, the totality of which form the production function. The analysis of the transformation of tax paths shows ways for achieving a balance of interests between both the state and the taxpayers. Finding this balance will help to overcome the crisis of confidence in the authorities, the development of adaptability and creativity of Russian society to new tax changes. A number of parameters determines the scale of this task. They include the complexity of the object of study, the long-term and multi-aspect nature of the impact which modeling the digital economy has on adaptation to the new digital realities of the state and taxpayers, as well as the absence of significant analogues of the solution to this problem in global and Russian economics.

Business entities of the digital economy and evaluation problems of the efficiency of their activity

2021 ◽  
Vol 2021 (1) ◽  
pp. 103-116
Author(s):  
Halyna PARTYN ◽  
◽  
Anatoliy ZAGORODNY ◽  
Liubomyr PYLYPENKO ◽  
◽  
...  
Keyword(s):  
Business Processes ◽  
Financial Analysis ◽  
Economic Benefits ◽  
Digital Economy ◽  
Financial Condition ◽  
Marketing Analysis ◽  
Business Entities ◽  
And Performance ◽  
Resource Support ◽  
The Impact

The peculiarities of the digital economy enterprises are analyzed, their main advantages and risks are established. Factors and problems of value formation of such enterprises are determined. The criteria for evaluating the efficiency of digital economy enterprises are substantiated, as well as the methods and indicators that should be used for this purpose. The peculiarities of the relations of these enterprises with stakeholders and the need to take them into account when evaluating the results of activities are revealed. A feature of the modern economy is the introduction of digital technologies in all business processes of economic entities, as well as the separation of the entire sector of the economy associated with the creation of products and services using these technologies – enterprises of the digital economy. Resource support for the operation of such enterprises covers mainly intangible factors of production, products have a virtual (digital) nature with a rapid rate of aging, and the activity itself –global dissemination. These and other factors necessitate the development of new or improvement of existing tools for assessing the financial position and performance of enterprises of the digital economy. The purpose of the article is to identify the consequences of digitalization of business processes for businesses, highlight the features of the digital economy, identify problems in assessing the effectiveness of their activities and financial condition, as well as substantiate proposals for their solution based on financial and non-financial indicators. Taking into account the listed features and factors of functioning of enterprises of digital economy the basic criteria of the estimation of a condition and results of their activity are formulated, directions of adaptation of methods of the strategic and marketing analysis are proved and indicators which should be used in the course of realization of these methods are offered. It is established that when identifying and determining the results of the digital economy the impact of the relationship with stakeholders should be taken into account.. Indicators of evaluation of innovative activity and innovative potential of these enterprises are offered, the peculiarities of conducting a financial analysis of their activities taking into account the factors of generating economic benefits are revealed.

scholarly journals Development of public services in the energy field in the age of digital economy

2019 ◽  
Vol 110 ◽  
pp. 02031
Author(s):  
Elena Voskresenskaya ◽  
Lybov Vorona-Slivinskaya ◽  
Lybov Achba
Keyword(s):  
Information And Communication Technologies ◽  
Public Services ◽  
Institutional Environment ◽  
New Technology ◽  
Modern Society ◽  
Feedback System ◽  
Digital Economy ◽  
Business Practices ◽  
Business Entities ◽  
The Impact

The development of the system of electronic public services, which is one of the directions of change in the digital economy, was the subject of the study in the present article. This system helps the state to interact with the population and organizations in such issues as providing information, particularly on individual requests, organizing public (municipal) procurements, in the matter of prices and tariffs in the energy sector, in providing public services and developing the feedback system (complaints institution), etc. The authors have concluded that a modern state should ensure the coherence between its citizens or business entities and institutions or public administrations on the basis of electronic access. Correct digitization of public administration contributes to the transparency of the public sector. Russia has enough prerequisites for the development of the electronic public services system, since Russia has traditionally established and maintained a high level of people’s education, and these days, the information technology sector develops rapidly. The study identified the main features of information and communication technologies and determined the impact of these technologies on the formation of a system of socio-economic relations and the institutional environment of modern society. The authors substantiated the necessity of a new technology package in Russia that will ensure the transition from analog to digital control methods in the energy industry and support the transformation of consumer behavior models, business practices of energy supply and service companies.

scholarly journals MANAGEMENT CONSULTING AS A COMPONENT OF PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITY OF UKRAINE

2021 ◽  
pp. 30-35
Author(s):  
Trut O.
Keyword(s):  
National Economy ◽  
Management Consulting ◽  
Negative Effects ◽  
Consulting Services ◽  
Professional Management ◽  
Static Data ◽  
The Status ◽  
Business Entities ◽  
And Performance ◽  
Effective Development

The article is devoted to the study of the current state and prerequisites for the development of management consulting as a component of professional, scientific and technical activities of Ukraine. The essence and functions of professional management consulting in the structure of NACE­2010 are revealed. According to static data of the State Statistics Service of Ukraine, the dynamics and structure of development of the field of professional, scientific and technical activities of Ukraine during 2012–2020 were studied. The slowdown in economic growth in 2020 has been revealed in both the industry as a whole and management consulting services caused by the economic crisis caused by the global COVID­19 pandemic. According to the structure of busi-ness entities of the studied industry, there are business entities with the status of individual entrepreneurs. Difficulties have been identified in determining the importance of management consulting in the national economy, due to the lack of statistical infor-mation on the parameters and performance of management consultants. A clear synchronization in the dynamics of the studied market parameters of the development of the industry is a component of professional, scientific and technical activities of Ukraine and management consulting. The dialectical system connection of the development of the field of professional, scientific and technical activity and the market of management consulting services is proved. Modern management consulting is revealed as a leading infrastructural institute of economy, where intellectual products are created, which contribute to the qualitative improve-ment of the activity of socio­economic subjects at the micro and macro level. The innovative orientation of the national economy as a prerequisite for the spread and effective development of management consulting in Ukraine is substantiated. Stimulating and disincentive factors for the development of management consulting in the national economy are argued. Prospects for the development of management consulting in the national economy under conditions of stabilization, the formation of a favorable foreign economic environment, as well as the Government's actions to continue the implementation of measures to mitigate the negative effects of the COVID­19 pandemic.Keywords: management consulting, professional, scientific and technical activity, consultant, statistical information, factors, development. Статтю присвячено вивченню сучасного стану та передумов розвитку управлінського консультування як складової частини професійної, наукової та технічної діяльності в Україні. Розкрито сутність і функції професійного управлінського консультування у структурі КВЕД­2010. За даними Державної служби статистики України досліджено динаміку, структуру розвитку галузі професійної, наукової та технічної діяльності впродовж 2012–2020 рр. Виявлено синхронну поведінку досліджуваних ринкових параметрів розвитку галузі та управлінського консультування. Аргументовано стимулюючі та дестимулюючі чинники розвитку управлінського консультування в національній економіці. Обґрунтовано перспективи розвитку управлінського консультування у сфері професійної, наукової та технічної діяльності в Україні. Ключові слова: управлінське консультування, професійна, наукова та технічна діяльність, консультант, статистична інформація, чинники, розвиток.

MODERN PROBLEMS OF ACCOUNTING AND ANALYTICAL ENSURING FINANCIAL RESULTS MANAGEMENT

2020 ◽  
Author(s):  
Yuliia Peniak ◽  
◽  
Nataliia Horokhovatska ◽  
Keyword(s):  
Performance Management ◽  
Enterprise Management ◽  
Goods And Services ◽  
Financial Condition ◽  
General Evaluation ◽  
Net Profit ◽  
Business Entities ◽  
Results Management ◽  
Main Components ◽  
The Impact

The main purpose of any enterprise in the market economy is to obtain high financial results. One of the main conditions for the effective functioning of the enterprise is ability to generate profit in the amount that will create the financial basis for further development and expansion of the enterprise, comply with social and material needs, ensure competitiveness in the market of goods and services. The need for accounting and analytical management of financial results stems from needs of owners, the state and employees in information that will enable them to identify patterns and trends in financial results, identify and assess the main factors influencing the process of their creation, distribution and usage, identify reserves and thus increase the level of profitability. Despite the significant scientific contribution in the field of research of financial results of the enterprises, the issue of improvement aims to the accounting and analytical maintenance of management of financial results of the enterprise remains actual. That is why the purpose of the study is to substantiate the theoretical and practical aspects and develop approaches to improving the mechanism of formation of accounting and analytical support for the management of financial results of the enterprise. Accounting and analytical management of financial results of the enterprise is a set of interconnected elements of production and management system, activities carried out by the subject of management, creation of a certain structure, as well as collection, accumulation, storage and analysis of information necessary for effective operation of the enterprise. The main components of the study of accounting and analytical support of financial performance management are the formation of methods of analysis, control and forecasting of financial results, which requires specification of the components of the analytical and controlled process within the organizational and information model. Namely, the formation of reliable information about the financial condition of the enterprise, the analysis of economic indicators of the enterprise is of great importance in the system of general evaluation of business entities. Their research makes it possible to assess the dynamics of the structure of income and expenses, to determine the impact of factors on the company's profit from various activities, as well as to find reserves to increase the net profit of enterprises. Thus, the improvement of accounting and analytical support of enterprise management is based on the use of modern forms, methods and principles that place new demands on the formation of unbiased, complete, timely, clear and useful accounting and analytical information about the enterprise and its financial results.

The Determinants of Merger Withdrawals’ Abnormal Returns in The Australian Market

2015 ◽  
pp. 89-110 ◽  
Author(s):  
Thuy Nguyen Thu ◽  
Giang Dao Thi Thu ◽  
Hoang Truong Huy
Keyword(s):  
Financial Crisis ◽  
Event Study ◽  
Abnormal Returns ◽  
Market Response ◽  
Crisis Period ◽  
Valuation Effects ◽  
Event Study Method ◽  
Private And Public ◽  
Method Of Payment ◽  
The Impact

This paper examines the abnormal returns in merger withdrawals in Australia, especially distinguishing the market response between private and public targets. We also study the determinants of those abnormal returns, including the method of payment and the impact of financial crisis periods. Using the event study method, we document that in the Australian context, the announced withdrawal of mergers involving private targets creates significantly negative valuation effects in comparison with the valuation effects in withdrawal of mergers involving public targets. We also find that a financial crisis period strongly affects abnormal returns of merger withdrawals. However, the method of payment does not have any impact on the abnormal returns.

Assessment of small businesses activities in Ukraine

2019 ◽  
pp. 40-47
Author(s):  
Igor Ponomarenko ◽  
Kateryna Volovnenko
Keyword(s):  
Comparative Analysis ◽  
Statistical Analysis ◽  
Small Business ◽  
Small Businesses ◽  
Government Agencies ◽  
Small Enterprises ◽  
The Subject ◽  
Business Entities ◽  
The Impact ◽  
Micro Enterprises

The subject of the research is a set of approaches to the statistical analysis ofthe activities of small business entities in Ukraine, including micro-enterprises. The purpose of writing this article is to study of the features of functioningof small business entities in Ukraine. Methodology. The research methodology isto use a system-structural and comparative analysis (to study the change in thenumber of small enterprises by major components); monographic (when studyingmethods of statistical analysis of small businesses); economic analysis (when assessing the impact of small business entities on socio-economic phenomena andprocesses in Ukraine). The scientific novelty consists to determine the features ofthe functioning of small businesses in Ukraine in modern conditions. The influenceof the activities of the main socio-economic and political indicators on the activities of small enterprises in recent periods of time has been identified. It has beenestablished that there is flexibility in the development of strategies by small businesses in conditions of significant competition, which makes it possible to quicklyrespond to changing situations in specific markets. Conclusions. The use of acomprehensive statistical analysis of small businesses functioning in Ukraine willallow government agencies to develop a set of measures to optimize the activitiesof these enterprises, which ultimately will positively affect the strengthening oftheir competitiveness and will contribute to the growth of the national economicsystem.

Influence of social networks on business processes’ development

2020 ◽  
Vol 19 (12) ◽  
pp. 2225-2252
Author(s):  
E.V. Popov ◽  
V.L. Simonova ◽  
O.V. Komarova ◽  
S.S. Kaigorodova
Keyword(s):  
Social Networks ◽  
Social Media ◽  
Business Models ◽  
Business Processes ◽  
Digital Economy ◽  
Theoretical Understanding ◽  
Sales Channels ◽  
A Value ◽  
The Impact

Subject. The emergence of new ways of interaction between sellers and buyers, the formation of new sales channels and product promotion based on the use of digital economy tools is at the heart of improving the business processes. Social networks became a tool for development; their rapid growth necessitates theoretical understanding and identification of potential application in enterprise's business process digitalization. Objectives. We explore the role of social media in the digitalization of business processes, systematize the impact of social networks on business processes of enterprises in the digital economy. Methods. The theoretical and methodological analysis of social networks as a tool for digitalization of company's business processes rests on the content analysis of domestic and foreign scientific studies, comparison, generalization and systematization. Results. We highlight the key effects of the impact of social networks on the business processes of the company; show that the digitalization of business processes should be considered in the context of a value-based approach, aimed at creating a value through the algorithmization of company operations. We determine that social networks are one of the most important tools for digitalization of company's business processes, as they have a high organizational and management potential. We also systematize the effects of social media on company's business processes. Conclusions. We present theoretical provisions of the impact of social networks on business processes of enterprises, which will enable to model and organize ideas about the development of digital ecosystems and the formation of business models.

Transformation of education as a metatrend of the digital economy

2020 ◽  
Vol 16 (10) ◽  
pp. 1960-1979
Author(s):  
N.A. Egina ◽  
E.S. Zemskova
Keyword(s):  
Human Capital ◽  
Social Transformation ◽  
Network Effects ◽  
Digital Economy ◽  
Network Education ◽  
Economic Progress ◽  
Positive Externalities ◽  
Communication Processes ◽  
Education Network ◽  
The Impact

Subject. The study focuses on the impact of the digital economy determinants of the education transformation. Objectives. The article provides our own approach treating the education capital as a specific asset of the digital economy, which has an acceleration effect and sets up new trends in education through integrative networks. Methods. The study is based on principles of the systems integration, cross-disciplinary and multidisciplinary approaches. Results. The socio-economic progress was found to be determined with properties of human capital, which are solely specific to the digital economy. In new circumstances, it gets more important for actors of global, national, corporate and social networks to more actively cooperate within distributed networks in order to train high professionals, who would have skills in information networks. Thus, they would raise a new form of human capital – the capital of network education (network-based education capital). We describe positive externalities that arise when the educational sector joins communication processes. We illustrate how educational forms evolves, which are typical of a certain phase of the socio-economic development. The education capital was discovered to grow into a specific asset generating the quasi-rent and working as a social ladder only provided more actors are involved into the network. Conclusions and Relevance. Studying the evolution of educational forms through the cross-disciplinary method, we discovered the need for a system approach, which would help substantiate its transformation in the time of the digital economy, and the emergence of network-based education. These are technologies and tools of the digital economy that become unique factors generating the acceleration effect of the educational capital and ensuring the use of diverse network effects for the formation of intellectual capital and their social transformation.

Safe development of business and national economy in the face of a pandemic and global recession

2020 ◽  
Vol 16 (6) ◽  
pp. 1182-1198
Author(s):  
I.V. Vyakina
Keyword(s):  
Economic Security ◽  
Global Recession ◽  
Graphical Visualization ◽  
National Economic ◽  
Business Support ◽  
The Face ◽  
The Russian Federation ◽  
Business Entities ◽  
Visualization Techniques ◽  
The Impact

Subject. This article deals with the issues related to the national economic security of the State in today's conditions. Objectives. The article aims to develop a set of special measures for additional business support to reduce the impact of restrictions imposed against the background of quarantine and the pandemic spread, and which would help prevent collapse of business entities. Methods. For the study, I used the methods of theoretical, systems, logical, and comparative analyses, and tabular and graphical visualization techniques. Results. The article proposes possible measures to support business aimed at reducing the costs of business entities due to the restrictions caused by the pandemic, that complement and explain the activities proposed by the President and Government of the Russian Federation, taking into account the regional and municipal levels. Conclusions. The uncertain current situation requires constant adjustment and adaptation of public policy in accordance with specific circumstances. Ensuring the country's economic security and sustainability associates with creation of a business organization system that connects public administration tools and business support and development opportunities under the changed environment.

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