scholarly journals Pandemic of Coronavirus as a Factor of Intensification of Development and Implementation of Digital Technologies

2020 ◽  
Vol 20 (4) ◽  
pp. 400-404
Author(s):  
Oleg A. Kulikov ◽  
Keyword(s):  
Business Models ◽  
Business Processes ◽  
Economic Recession ◽  
Digital Technologies ◽  
Economic Downturn ◽  
Market Participants ◽  
Coronavirus Infection ◽  
The One ◽  
Current Stage

Introduction. The COVID-19 pandemic has become one of the largest business and economic shocks in modern history. Although it is difficult to assess the long-term consequences of this phenomenon at the current stage, events have already taken place in the economy that have catalyzed a number of changes. And in particular, these systemic innovations are closely related to the digitalization of technological business processes, which most of the market participants cannot ignore. Theoretical analysis. The economic downturn caused by the spread of the new coronavirus infection can be classified as an unpredictable factor that has made the external economic environment aggressive for a large proportion of enterprises, forcing businesses to seek alternative internal growth points. Empirical analysis. Based on the programs and strategies for adapting companies to the new crisis and the digital and operational transformations they have carried out, a number of elements can be identified that are integral to business models both during the period of isolation and after the end of the pandemic. Results. Universal self-isolation has become a unique phenomenon in the economy, on the one hand, manifesting itself as a global economic recession, and on the other, causing accelerated scaling and industrial application of digital technologies.

scholarly journals Digital Disruption in Retailing and Beyond

2020 ◽  
Vol 4 (4) ◽  
pp. 187-204
Author(s):  
Heiner Evanschitzky ◽  
Boris Bartikowski ◽  
Tim Baines ◽  
Markus Blut ◽  
Christian Brock ◽  
...  
Keyword(s):  
Business Models ◽  
Digital Technologies ◽  
Digital Transformation ◽  
Service Robots ◽  
Sensory Marketing ◽  
Digital Disruption ◽  
The One ◽  
The Impact ◽  
Near Future

The increased disruption of business models through digital technologies creates opportunities and challenges for retail businesses and their network partners. Digital transformation – the process of digitalization of previously analogue operations, procedures, organizational tasks, and managerial processes in order to drive value for customers, employees and other stakeholders – is the order of the day. With that in mind, this article provides a purposeful overview of research in the field of digital transformation with a focus on retailing and customer-facing functions of digital technologies such as managing customer journeys, assessing the impact of sensory marketing and the use of service robots on the one hand, and their strategic implications for business models such as servitization on the other. This article concludes by highlighting immediate as well as long-term challenges in the field, with a focus on disruptive technologies, innovations and trends that retail marketing-management will likely face in the near future.

Stochastic Models for Actuarial Use: The Equilibrium Modelling of Local Markets

2009 ◽  
Vol 39 (1) ◽  
pp. 339-370 ◽  
Author(s):  
Robert J. Thomson ◽  
Dmitri V. Gott
Keyword(s):  
Local Market ◽  
Market Participants ◽  
Market Portfolio ◽  
One Year ◽  
The One ◽  
Mean Variance ◽  
Annual Time ◽  
Time Subject

AbstractIn this paper, a long-term equilibrium model of a local market is developed. Subject to minor qualifications, the model is arbitrage-free. The variables modelled are the prices of risk-free zero-coupon bonds – both index-linked and conventional – and of equities, as well as the inflation rate. The model is developed in discrete (nominally annual) time, but allowance is made for processes in continuous time subject to continuous rebalancing. It is based on a model of the market portfolio comprising all the above-mentioned asset categories. The risk-free asset is taken to be the one-year index-linked bond. It is assumed that, conditionally upon information at the beginning of a year, market participants have homogeneous expectations with regard to the forthcoming year and make their decisions in mean-variance space. For the purposes of illustration, a descriptive version of the model is developed with reference to UK data. The parameters produced by that process may be used to inform the determination of those required for the use of the model as a predictive model. Illustrative results of simulations of the model are given.

scholarly journals ESTIMATION OF BUSINESS VALUE AS AN ELEMENT OF FORMATION OF BUSINESS MODELS OF INDUSTRIAL ENTERPRISES AND AGRICULTURAL COMPLEX IN THE CONDITIONS OF DIGITALIZATION OF THE ECONOMY

2020 ◽  
Author(s):  
Maksym Odnorog ◽  
◽  
Mykhailo Pivtorak ◽  
Oksana Zagorodniuk ◽  
◽  
...  
Keyword(s):  
Best Practices ◽  
Business Models ◽  
Business Processes ◽  
New Technologies ◽  
Digital Technologies ◽  
Economic Security ◽  
Digital Transformation ◽  
Enterprise Management ◽  
Industrial Enterprises ◽  
Digital Management

To date, digital technologies and their widespread practice have formed the potential for completely new business models. However, most organizations are either in the early stages of the digital transformation process, or do not yet dare to form a digital business model that will provide real benefits from digital technologies. In any case, taking into account the enormous pace of global digitalization, it is extremely important to adapt the best practices of digital transformation to the improvement of the Ukrainian economy as soon as possible. Based on this, consider the process of researching new and adapting existing management models. Digital transformation – the introduction of modern technologies to radically change the business models of enterprise management today is considered the most important topic for organizations around the world. The requirements of the new digital economy represent the digital transformation as a conscious strategic process of business modification through adaptive management and implementation of digital technologies, ie the restructuring of existing business models. The same happens at industrial and agro-industrial enterprises, the analog period of which is coming to an end. Industries are entering the digital age, thanks to which enterprises are developing in accordance with the new focus. For this reason, it is very important for the formation of digital models of enterprise management to strategically understand the possibilities of digital technology development in their connection with business processes and business models. The analysis of the main traditional models of effective management of enterprises was carried out and their fundamental differences from the Ukrainian approach to management were revealed, the possibilities of implementation of the principles of existing business models by Ukrainian enterprises were considered. In addition, a roadmap for the transition from a traditional to a digital enterprise was proposed for consideration. The process of modeling the digital management system of the enterprise is revealed. Currently, a prerequisite for the prosperity of the economy of industry and agriculture and, consequently, the economy of Ukraine, is adaptive digital management as a basis for economic security of the enterprise. It was found that the relentless introduction of digital technologies, «copying best practices» can later be in reality as dangerous as the refusal to master new technologies. Therefore, choosing the direction of your own digitization, you must first study everything thoroughly, so as not to miss the moment and not to remain in the ranks of the latter or in the past.

scholarly journals Legacy Digital Transformation: TCO and ROI Analysis

2021 ◽  
Vol 12 (3) ◽  
pp. 163-170
Author(s):  
Ravi Kiran Mallidi ◽  
Manmohan Sharma ◽  
Jagjit Singh
Keyword(s):  
Return On Investment ◽  
Business Models ◽  
Business Processes ◽  
Digital Technologies ◽  
Digital Transformation ◽  
Digital World ◽  
New Business ◽  
Core Elements ◽  
Business Needs ◽  
Security Organizations

Legacy Digital Transformation is modernizing or migrating systems from non-digital or older digital technology to newer digital technologies. Digitalization is essential for information reading, processing, transforming, and storing. Social media, Cloud, and analytics are the major technologies in today's digital world. Digitalization (business process) and Digital Transformation (the effect) are the core elements of newer global policies and processes. Recent COVID pandemic situation, Organizations are willing to digitalize their environment without losing business. Digital technologies help to improve their capabilities to transform processes that intern promote new business models. Applications cannot remain static and should modernize to meet the evolving business and technology needs. Business needs time to market, Agility, and reduce technical debt. Technology needs consist of APIs, better Security, Portability, Scalability, Cloud support, Deployment, Automation, and Integration. This paper elaborates different transformation/modernization approaches for Legacy systems written in very long or End of Life (EOL) systems to newer digital technologies to serve the business needs. EOL impacts application production, supportability, compliance, and security. Organizations spend money and resources on Digital Transformation for considering Investment versus Return on Investment, Agility of the System, and improved business processes. Migration and Modernization are critical for any Legacy Digital Transformation. Management takes decisions to proceed with Digital Transformation for considering Total Cost Ownership (TCO) and Return on Investment (ROI) of the program. The paper also includes a TCO-ROI calculator for Transformation from Legacy / Monolithic to new architectures like Microservices.

BUSINESS MODEL AS KEY TO COMMERCIAL SUCCESS

2021 ◽  
Vol 3 (10) ◽  
pp. 97-105
Author(s):  
S. A. Filin ◽  
◽  
K. A. Kholoptseva ◽  
Keyword(s):  
Business Model ◽  
Business Models ◽  
Business Processes ◽  
New Products ◽  
Business Development ◽  
Point Of View ◽  
Commercial Success ◽  
Modern Business ◽  
Grouping Study ◽  
Current Stage

The purpose of the article is to propose a recommendation on the formation of a business model effective in modern conditions. Methods of system and factor analysis, economic and mathematical modeling, grouping, study and synthesis of information and assessment were applied. The essence and content of modern business models were analyzed from the point of view of achieving the commercial success of the organization, including using the example of Tinkoff JSC. It was concluded that the success of the organization at the current stage of business development depends on the development and implementation of new products and processes in the production and management of the organization. In the field of management, this idea is manifested in different forms of organizing business processes, for example, in business groups, business models.

scholarly journals Algorithm for making management decisions on the use of outsourcing by entrepreneurial structures

2021 ◽  
Vol 9 (1) ◽  
pp. 216-220
Author(s):  
Irina Truschenko
Keyword(s):  
Economic Crisis ◽  
Business Processes ◽  
Financial Resources ◽  
Economic Downturn ◽  
Management Decisions ◽  
Managerial Decision ◽  
Coronavirus Infection ◽  
Business Structures

Due to the economic downturn and high competition in the market, business structures are constantly looking for ways to optimize financial resources, as well as ways to increase their profits. Thus, a number of business structures use outsourcing as one of the effective tools for managing their resources. The transfer of individual business processes can allow the entrepreneurial structure to focus on strategically important areas of activity, due to which the profit of the entrepreneurial structure can be increased. According to the author's observations, the functioning of any business structures in the conditions of the economic crisis and the situation that has developed in connection with the spread of the new coronavirus infection COVID-19, outsourcing is a very relevant tool to increase competitiveness in the market. The article discusses the developed algorithm for making management decisions on the use of outsourcing by entrepreneurial structures. The process of making management decisions regarding the use of outsourcing is associated with a number of risks. The algorithm proposed by the author can help to minimize the risks arising when making a managerial decision on the use of outsourcing by entrepreneurial structures.

scholarly journals THE TRANSFORMATION OF BUSINESS PROCESSES IN CONDITIONS OF DIGITALIZATION OF ECONOMIC SYSTEMS

2021 ◽  
Vol 3 (27) ◽  
pp. 14-21
Author(s):  
Tetiana Gorokhova
Keyword(s):  
Business Models ◽  
Business Processes ◽  
Digital Technologies ◽  
Digital Transformation ◽  
Point Of View ◽  
Economic Effects ◽  
Economic Systems ◽  
Management Process ◽  
Business Transformation ◽  
Methods And Techniques

The article considers to the aspects of identifying key directions that determine the successful functioning of an organization in the context of the digital economy development. The key areas of business transformation have been identified, allowing flexible restructuring of the company management process. Methods and techniques for assessing digital transformation in organizations that are tested for both quantitative and qualitative indicators have been considered. It has been proven that considering digital transformation is advisable not only in the context of studying business models in the development of digital technologies, but also from the point of view of what economic effects are achieved through digital transformation and how justified it.

scholarly journals Environmental Dimesion of the COVID-19 Pandemic: New Chance for Green Economy

2021 ◽  
Vol 65 (12) ◽  
pp. 128-140
Author(s):  
T. Rovinskaya
Keyword(s):  
Economic Recession ◽  
State Level ◽  
Point Of View ◽  
Green Economy ◽  
Anthropogenic Pressure ◽  
The European Union ◽  
Environmental Programs ◽  
Short And Long Term ◽  
The One

The article investigates the changes in environment that occurred in response to economic processes during the COVID‑19 pandemic (2019–2021), and related transformation of socio-political attitudes towards Green Policy and Green Economy. From the environmentalistic point of view, the pandemic played a twofold role. On the one part, it allowed the nature to “take a break” from an excessive anthropogenic pressure on the atmosphere and hydrosphere, and once again mobilized the humanity to reconsider the principles of interaction with the environment. On the other part, different types of pollution (daily and medical waste, plastic) increased dramatically; funding of international and national environmental programs was cut due to the economic recession worldwide. Nevertheless, the multidimensional crisis caused by the pandemic gave a new chance to the Green Economy. The most influential states of the world (the EU countries, USA, China and Russia) actively implement the Green Economy instruments at the state level. This process incorporates all economy sectors: finances, energy, industry, transport, agriculture and other. The European Union which had taken this path before the pandemic started is in an advanced position. At the same time, the foundations of the future environment-oriented economic policy are already enshrined in official documents (strategies, action plans, legislative acts, etc.) adopted by the leading nations thus far. Noteworthy is that the COVID‑19 crisis has updated the green political and economic agenda globally, regardless of differences between the states, which verifies the importance and necessity of agreeing a conceptually new approach to interaction with the environment in the short and long term.

scholarly journals Analysis of Sustainable Business Models: Exploratory Study in Two Brazilian Logistics Companies

2022 ◽  
Vol 14 (2) ◽  
pp. 694
Author(s):  
Jaqueline Geisa Cunha Gomes ◽  
Marcelo Tsuguio Okano ◽  
Rodrigo Salgado Guerra ◽  
Denilson de Sousa Cordeiro ◽  
Henry Castro Lobo dos Santos ◽  
...  
Keyword(s):  
Exploratory Study ◽  
Business Models ◽  
Business Processes ◽  
Digital Technologies ◽  
Positive Contribution ◽  
Environmental Aspects ◽  
Sustainable Business ◽  
Material Resources ◽  
Sustainable Business Models ◽  
A Company

Over the years, researchers have presented different concepts regarding business models. There is no unanimity, but there is a general agreement that a business model is the representation of how a company conducts its business. Subsequently, interest in the topic has increased and has come to be considered by companies that, driven to incorporate a positive contribution to sustainability into their values, began to face economic development that considers social and environmental aspects instead of worrying only about profit for the shareholders. The general objective of this research is to identify how the merger of two Brazilian logistics companies with different customer segments can positively contribute to the defense of sustainability, considering social and environmental aspects. As a methodology, a literature review on business models, conceptual business models, and sustainable business models was used to legitimize issues relevant to the themes. The case studies allowed for a measurement of the productivity of the areas of the chosen companies, and a survey of used business processes and technological systems, in addition to diagnosing the level of maturity of these areas. An analysis of the strengths and weaknesses in these areas, within the studied companies, resulted in a solution that allowed for the optimization of processes and savings in human and material resources, and the identification of qualitative benefits arising from mergers, improvements in productivity and services, the standardization of processes, and the implementation of innovative digital technologies.

From precision agriculture to Industry 4.0

2019 ◽  
Vol 121 (8) ◽  
pp. 1730-1743 ◽  
Author(s):  
Leonello Trivelli ◽  
Andrea Apicella ◽  
Filippo Chiarello ◽  
Roberto Rana ◽  
Gualtiero Fantoni ◽  
...  
Keyword(s):  
Precision Agriculture ◽  
Environmental Sustainability ◽  
Industry 4.0 ◽  
Business Models ◽  
Business Processes ◽  
Agricultural Sector ◽  
Research Work ◽  
Digital Technologies ◽  
Market Demand ◽  
Content Type

Purpose Circumstances that are have a significant impact on it. In particular, environmental sustainability related to the increase of worldwide population, and market demand for agricultural products (with consumers more and more aware about cultivation and breeding techniques and interested in healthy and high-quality products) represent two of the key challenges that the agricultural sector is going to face in next years. In such a landscape, technological innovations that can support organizations and entrepreneurs to face these problems become increasingly important, and Industry 4.0 is the most striking example. Indeed, the Industry 4.0 paradigm aims to integrate digital technologies into business processes to raise productivity levels and to develop new business models. Accordingly, digital technologies play a similar role in the precision agriculture domain, and the purpose of this paper is to understand if the technologies at the basis of these two paradigms are the same or not. Design/methodology/approach The present work investigates how the two domains of Industry 4.0 and precision agriculture are connected to one another by analyzing the most used technologies in both the fields in order to highlight common patterns and technological overlaps. To reach such goal, an approach combining manual and automated analysis was developed. Findings The research work generated three main results: a dictionary of precision agriculture technologies including 324 terms; a graph, describing the connections between the technologies composing the dictionary; and a representation of the main technological clusters identified. Originality/value These show how the two domains under analysis are directly connected and describe the most important technologies to leverage when approaching digital transformation processes in the agricultural sector.

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