scholarly journals The fifth industrial revolution – innovations in the field of biotechnologies and neural networks

E-Management ◽  
2021 ◽  
Vol 4 (3) ◽  
pp. 11-19
Author(s):  
Yu. A. Arens ◽  
N. A. Katkova ◽  
E. A. Khalimon ◽  
I. S. Brikoshina
Keyword(s):  
Neural Networks ◽  
Environmental Sustainability ◽  
Business Processes ◽  
Industrial Revolution ◽  
Scientific Literature ◽  
Rapid Development ◽  
Value Chains ◽  
Manufacturing Enterprises ◽  
Strategic Value ◽  
The Impact

A comprehensive study of the phenomenon of the fifth industrial revolution is carried out. This topic is relevant due to the rapid development of biotechnologies and neural networks, transforming the environment of industries and society as a whole. Various interpretations of the term “fifth industrial revolution” are considered, and the key characteristics of previous industrial revolutions are identified and analysed. The main content of the research paper is an analysis of the scientific literature, consideration of visions of the fifth industrial revolution, as well as the identification of the main opportunities and threats that manufacturing enterprises, industries and society as a whole will face. The impact of Industry 5.0 on the economic performance of industries while meeting the needs and interests of employees, as well as ensuring environmental sustainability and resource conservation is described. The importance of the readiness of future industries to adapt to changing conditions in key value chains is emphasized. Based on the analysis of the scientific literature, the authors have revealed that the fifth industrial revolution will be determined by a new and expanded purposefulness, consisting of three basic elements: human orientation, stability and sustainability. Finally, the importance of balancing production through the development of sustainable strategic value chains, adaptable production capacities and flexible business processes was emphasized.

scholarly journals The Conceptual Principles of Tax Planning of Enterprises in the Context of Fourth Industrial Revolution

2021 ◽  
Vol 4 (519) ◽  
pp. 210-216
Author(s):  
Y. I. Hlushchenko ◽  
◽  
O. O. Korohodova ◽  
T. Y. Moiseienko ◽  
N. O. Chernenko ◽  
...  
Keyword(s):  
Business Processes ◽  
Industrial Revolution ◽  
Financial Economic ◽  
Tax Planning ◽  
Economic Activities ◽  
Tax System ◽  
Fourth Industrial Revolution ◽  
Micro Level ◽  
Definition Of ◽  
The Impact

The authors disclose the essence of tax planning for domestic enterprises in the conditions of development of the economy in the context of the Fourth Industrial Revolution. Foreign experience as to approaches to interpretation of the phenomenon of «tax planning» is studied. It is substantiated that the existing modern approaches to the definition of the term of «tax planning» should be divided by the characteristics of purpose and subordination. The work contains a further elaboration of conceptual-categorical apparatus of taxation theory by closer defining of «tax planning», where, contrary to existing developments, it is proposed to assess the impact of elements of the current tax system on the efficiency of financial-economic activities of enterprises. A theoretical analysis of modern trends of tax planning is carried out and it is determined that the existing conditions of operation of enterprises are such phenomena as: digitalization of economic processes, robotization of business processes, influence of other factors of the Fourth Industrial Revolution and growth of uncertainty and level of risks for economic entities. According to the results of the research, it is defined that all these phenomena will affect the process of taxation of enterprises at the micro level due to the acceleration of data processing processes and changes in tax planning objects. The article explains the directions of further research on this topic, namely, the development of an economic-mathematical model of the influence of elements of the tax system in the context of the trends of the Fourth Industrial Revolution, which becomes relevant in modern conditions of tax planning.

scholarly journals Concept of Environmental Sustainability Awareness Strategies in Pre-Construction Stage

2015 ◽  
Vol 3 (1) ◽  
pp. 103-116
Author(s):  
Mohammad Affendy Omardin ◽  
Nazirah Zainul Abidin ◽  
Wan Dagang Wan Ali
Keyword(s):  
Construction Industry ◽  
Environmental Sustainability ◽  
Environmental Concern ◽  
Rapid Development ◽  
Construction Stage ◽  
Sustainability Concept ◽  
Sustainability Practices ◽  
High Level ◽  
Managerial Level ◽  
The Impact

This paper presents an overview of the environmental sustainability concept through construction industry. The aim is to create a environmental sustainability through pre-construction stage. This could be achieved where as it is important to look into minimizing the impact on the environment. However, the enthusiasm in pursuing rapid development often causes environmental sustainability aspect being ignored. This research was conducted to study the level of environmental sustainability concern and practices in through pre- construction stage in construction industry. A selected of construction working managerial level were selected as respondents. Data were collected through a self-administered questionnaire. More than 70% respondents being interview and have high level of environmental concern but moderate level of environmental sustainability practices. Most of the respondents concern about environmental issues. The study also have positive perceptions on environmental sustainability. The findings showed that there is a positive and pro-active between the level of environmental sustainability concern and practices in construction management. This indicates that the higher the level of environmental concern, the higher the level of practices in environmental sustainability among project practitioners. The implication of the study showed that coordinate effort should be taken by construction practices during pre- construction stage to enhance environmental sustainability practices more effective through construction project.

Changes in the Strategic Internal Control of Companies under Crisis Pressure

2021 ◽  
Vol 15 (37) ◽  
Author(s):  
Lyudmila Mihaylova ◽  
Emil Papazov
Keyword(s):  
Internal Control ◽  
Environmental Sustainability ◽  
Business Processes ◽  
Manufacturing Sector ◽  
Research Question ◽  
Control Environment ◽  
Competitive Advantages ◽  
Online Sales ◽  
Strategic Model ◽  
The Impact

Purpose of the article: The article aims at presenting and analysing key changes in the strategic internal control of companies under the pressure of crisis phenomena. The research question is how to adapt the strategic internal control to an evolving crisis through inclusion of control environmental sustainability measures, and strategic model adaptation.Methodology: A qualitative approach has been applied along with the research of larger companies from the brewery sector and small-and medium sized enterprises from the knitted fabrics manufacturing sector in Bulgaria. The study has also taken into consideration some companies’ strategic documents, as well as interviews with companies’ managers. The gathered information has been systematized, compared and evaluated with the help of the “Relative (Competitive) Advantage Matrix” model.Scientific aim: Understanding the impact of changes in strategic internal control on management under the pressure of crisis phenomena.Findings: The analysing of the quasi-control environment and competitive advantages is an important strategic management issue during crises. Competitive advantages derive mainly from the characteristics of the product (or service) that make it better than the products (or services) of competitors and they are associated with changes in the strategic internal control of companies under the pressure of hard times.Conclusions: Strategic internal control has to be adapted to the crisis situation through control environmental sustainability measures, strategic model adaptation and selected competitive advantages. Business processes are changing as a result of crisis times, then the control environment, risk assessments and competitive advantages need to be more detailed and analysed in different aspects. At the same time, the strategic internal control in hard times faces unexpected results, such as a drastic reduction in the incomes, a decrease in retail sales or a drastic increase in online sales. Using the collected information, comparisons can be made to better outline similarities and differences that will point out ways for improvement. This information should be brought to the attention of the personnel of the companies. The change in the activities should not be delayed in time, since information quickly becomes out-dated.

scholarly journals The Impact of the Digital Economy on CO2 Emissions: A Theoretical and Empirical Analysis

2021 ◽  
Vol 13 (13) ◽  
pp. 7267
Author(s):  
Xiaoyan Li ◽  
Jia Liu ◽  
Peijie Ni
Keyword(s):  
Greenhouse Gases ◽  
Co2 Emissions ◽  
Fixed Effects ◽  
Industrial Revolution ◽  
Early Stage ◽  
Rapid Development ◽  
Digital Economy ◽  
Kuznets Curve ◽  
Solow Growth Model ◽  
The Impact

Since the Industrial Revolution, human activities have led to the emission of a lot of greenhouse gases, such as carbon dioxide, sharply increasing the concentration of greenhouse gases in the atmosphere and resulting in serious global warming. With the rapid development of computer technology, the digital economy is gradually becoming the engine of economic growth. As a new economic mode, how the digital economy affects the environment is worth studying. In this paper, we introduced the digital economy into the Solow growth model as technological progress and conducted fixed-effects regressions based on the global panel data of 190 countries from 2005 to 2016. We found an inverted U-shaped, non-linear relationship between CO2 emissions and the digital economy, which supports the environmental Kuznets curve (EKC) hypothesis. We suggest that governments need to not only adopt hedging policies to reduce CO2 emissions caused by the digital economy in the early stage but also promote the development of the digital economy to achieve the goal of global collaborative environmental protection.

scholarly journals Unconditional Basic Income: Whether the Russian Labor Market Is Ready To Perceive This?

2020 ◽  
Vol 16 (4) ◽  
pp. 71-79
Author(s):  
Yuri Odegov ◽  
Valentina Pavlova ◽  
Lubov Telennaya
Keyword(s):  
Artificial Intelligence ◽  
Social Services ◽  
Industrial Revolution ◽  
Rapid Development ◽  
Basic Income ◽  
Remote Work ◽  
Main Condition ◽  
Employment Services ◽  
Self Employment ◽  
The Impact

Today, the development of human capital follows the same approaches that have been used since the mid-twentieth century, in a completely different economic and social context. But the rapid development of the remote mode of work, freelancing, and self-employment radically change the organization of their activities. Robots and artificial intelligence perform only a small part of the work today. As the pace of automation increases, the number of employees will decrease. Moreover, it has become easier both technologically and legally. Remote work is now officially recognized, and its terms will be officially spelled out in the employment contract. The article is devoted to the issue of the possible introduction of unconditional basic income (UBI) in the practice of social services and employment services. The unconditional basic income (UBI) is considered today as a regular state payment of a certain amount of money to each member of society, regardless of where they worked or whether they worked at all. The article analyzes the trends in the labour market and their impact on the transition to the concept of unconditional basic income of the UBI. These trends are confirmed by the results of research on various aspects of this problem. Special attention is paid to the impact of the 4th industrial revolution of the 6th TU on employment, as the main condition that ensures the transition to the establishment of the UBI

scholarly journals Knowledge management strategies in companies: Trends and the impact of Industry 4.0

Upravlenets ◽  
2020 ◽  
Vol 11 (4) ◽  
pp. 82-96
Author(s):  
Maksim Kolyasnikov ◽  
Natalya Kelchevskaya
Keyword(s):  
Knowledge Management ◽  
Industry 4.0 ◽  
Business Models ◽  
Business Processes ◽  
Industrial Revolution ◽  
Management Strategies ◽  
Practical Significance ◽  
Strategic Vision ◽  
Intelligent Technology ◽  
The Impact

The existing business models essential for the creation of consumer value and, consequently, business competitiveness are now undergoing a transformation. Brand-new technological developments based on network integration, intelligent technology and flexible automation are becoming increasingly relevant: additional competitive opportunities appear, and knowledge management and intellectual capital management are becoming key business processes. When developing a strategic vision, it is important for companies to pick the relevant data out of the information flow about the external and internal environment and convert it into organizational knowledge, which is a core management resource. The paper analyses the experience of Russian and foreign companies in the introduction of scalable models focused on the widespread use of Industry 4.0 and establishes the principles and strategies of knowledge management that allow these companies to maintain their competitive positions in a strategic perspective. The theory of knowledge management and resource approach constitute the methodological framework of the present study. The general scientific methods of logical-structural analysis and systematization, as well as the contingency case study method were applied. The information base encompasses the case studies of six companies, retrieved from publicly available sources. The findings of the empirical research prove the feasibility of applying a situational approach to knowledge management: companies use different strategies for accumulating and sharing knowledge according to their maturity level and the area of implementation of Industry 4.0. Based on the results obtained, the authors develop a situational approach to the strategic knowledge management of companies that successfully apply the technologies of the Fourth Industrial Revolution. The theoretical and practical significance of the study lies in identifying common approaches to knowledge management under various conditions, which can be used to create the strategic vision of managers involved in the key decision-making process in companies.

scholarly journals study of the Impact оf strategic Outsourcing оn the Interacting Market in Entrepreneurial Training and Human Capital Development

2020 ◽  
Vol 10 (1) ◽  
pp. 77-83 ◽  
Author(s):  
J. M. Gruzina ◽  
Kh. P. Kharchilava ◽  
K. Yu. Mukhin
Keyword(s):  
Human Capital ◽  
Business Processes ◽  
Rapid Development ◽  
University Graduates ◽  
Strategic Outsourcing ◽  
Entrepreneurial Training ◽  
The Right ◽  
Capital Development ◽  
The Impact

Due to the rapid development of digital technology, the structure of future jobs is becoming increasingly complex, and university graduates need to acquire the right combination of skills to succeed in a rapidly changing world. The need for continuous replenishment and updating of professional knowledge is determined by the pace of scientific and technological progress, the transition to the information stage of the development of society, and the widespread use of innovative technologies. There are prerequisites for the formation and development of the category of “strategic outsourcing”. Unlike the services of the service, which have a one-time, episodic nature, strategic outsourcing is usually transferred to the functions of professional support for the uninterrupted operation of individual systems and infrastructure based on a long-term contract. Strategic outsourcing allows not only to restructure business processes radically but also significantly improve opportunities and prospects. The purpose of this study is to study the concept of outsourcing in entrepreneurial training and the development of human capital.

scholarly journals INDUSTRI 4.0: PENGARUH REVOLUSI INDUSTRI PADA KEWIRAUSAHAAN DEMI KEMANDIRIAN EKONOMI

2018 ◽  
Vol 3 (2) ◽  
pp. 1 ◽  
Author(s):  
Hamdan Hamdan
Keyword(s):  
Economic Growth ◽  
Industrial Revolution ◽  
Human Life ◽  
Rapid Development ◽  
Technological Advancement ◽  
Way Of Life ◽  
Digital Revolution ◽  
Artifical Intelligence ◽  
Biological World ◽  
The Impact

The Industrial Revolution 4.0 is a new technological advancement that integrates the physical, digital and biological world, where there is a fundamental change in the human’s way of life.   With the rapid development of technology that has experienced breakthroughs in all disciplines, including in the field of artifical intelligence, nanotechnology, biotechnology, internet-based technology has an impact on human life that can increase the economic growth too.   The impact of economic growth has increased in the 4.0 industrial revolution where this can be seen from many business people and entrepreneurs who utilize the information technology, so that the basic principles of industrial design 4.0 are known as the digital revolution because of the proliferation of computers and automation and connectivity in a field. With the Industrial Revolution 4.0, there is an increasing influence in the economic sector, where the sector opens opportunities for entrepreneurship and MSMEs increase rapidly, thus giving an impact on entrepreneurship for economic independence.

scholarly journals The impact of decisions of Mining Industrialists Congresses on the Industrial Revolution increasing in Ukraine in the late XIX century

2020 ◽  
Vol 10 (1(16)) ◽  
pp. 50-61
Author(s):  
Maryna Gutnyk ◽  
Serhii Radohuz
Keyword(s):  
Industrial Revolution ◽  
Rapid Development ◽  
Mining Industry ◽  
Geographical Location ◽  
Russian Empire ◽  
Coal Industry ◽  
The South ◽  
Land Taxation ◽  
The Russian Empire ◽  
The Impact

The activity of the mining industry in the South of the Russian Empire, of which Ukraine was part at that time, is analyzed. It is noted that the rapid development of industry in the Russian Empire after the abolition of serfdom in 1861 opened up opportunities for investors to raise capital. Information is given about why Kharkiv became the center of investment life of mine owners, namely its good geographical location. Data on the number of inhabitants of the city and the number of trading institutions are provided. The stages in the formation of the mining industry of the South of the Russian Empire as a driving force for economic development in Ukraine are highlighted.The causes of weak coal sales from the Donbas and the development of the factory industry of Ukraine in the 1860s are analyzed. It is shown how these issues were resolved. In particular, mining congresses were organized to discuss and resolve these issues.It is shown how the decisions of mining congresses influenced the development of the country's economy at the end of the nineteenth century. Examples of issues discussed at these congresses are given. In particular, the congresses discussed – workers, higher and secondary specialized education, mining credit, insurance, the ratio of the mining industry to zemstvos and land taxation of enterprises of the mining industry, taxes, land relations, postal, telegraph and telephone traffic, passenger traffic in the Southern Russia area, duties, ports, marinas, navigable rivers and canals, shipbuilding and merchant shipping, export of mineral fuel abroad, construction of new railways, etc. It should be noted that the central issue discussed at almost all mining congresses was the question of tariffs, and this was not a coincidence, since it directly concerned the markets for industrialists without whom production could not be developed, and with it the intensification of the industrial revolution. Therefore, this problem, in one form or another, has arisen constantly.Information is provided on the number of such congresses, as well as on the creation of a permanent body, the Council of Miners of the South of the Russian Empire. It analyzes the so-called “coal crisis” and the role of major mining companies in the collusion. The monopolization of the market is considered. Emphasis is placed on the customs policy of the tsarist government. Speculation on temporary fuel difficulties is illustrated. It is noted that at the end of the 1890s, there were especially high rates of development of the Donbas coal industry. Special tariffs for the export of Donetsk coal abroad were introduced. Thus, in the last quarter of the 19th century, the mining and monopolization of the mining industry of the south of the Russian Empire were enlarged and monopolized.

scholarly journals Industry 4.0 as the Driving Force of SME Internationalisation: A Case of Lithuania

2019 ◽  
Vol 33 (1) ◽  
pp. 192-206 ◽  
Author(s):  
Kristina Kovaitė ◽  
Paulius Šūmakaris ◽  
Jelena Stankevičienė ◽  
Renata Korsakienė
Keyword(s):  
Economic Growth ◽  
Driving Force ◽  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
Scientific Literature ◽  
Geographical Location ◽  
International Markets ◽  
Value Chains ◽  
Fourth Industrial Revolution

Abstract Small and medium-sized enterprises (SMEs) are assumed to be one of the key contributors to the country’s economic growth and social welfare. Thus, their internationalisation appears to be inevitable considering how globalisation processes have changed the rules of competition in recent decades. Smart and digitalised technologies (Internet of Things and Services, etc.) decentralise communication and provide the opportunities for new firms to overcome the barriers of geographical location and access international markets through co-creation business models and changes of the value chains. The paper aims at analysing and disclosing how the fourth industrial revolution (Industry 4.0) influences SME internationalisation. The present study is grounded on the research of extant scientific literature and assessment of experts. The research demonstrates that Industry 4.0 positively influences the internationalisation of SMEs on a number of dimensions. The recommendations for managers and policymakers how to foster internationalisation of SMEs are suggested.

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