scholarly journals Digital economy and Industry 4.0: new challenges for small and medium enterprises

2021 ◽  
pp. 96-109
Author(s):  
Valery P. Nevmyvako ◽  
Keyword(s):  
Industry 4.0 ◽  
Customer Value ◽  
Small And Medium Enterprises ◽  
World Order ◽  
Direct Consequence ◽  
Group Behavior ◽  
Digital Economy ◽  
Business Community ◽  
New Challenges

Subject/topic. The article is devoted to the study of the issues of universal digitalization as a factor of new challenges for small and medium-sized businesses. The modern socio-economic system of doing business is more and more dynamic and difficult to predict from the standpoint of the effects of society's group behavior generated by it, the volatility of trends in demand for products and services, and the urgent need to personalize the products and services created. Such requests are a direct consequence of the development of the digital economy and the emerging new world order – Industry 4.0. Modern market realities directly dictate to business the rules of the game in the digital field, activating internal signals to transform the business model of generating customer value and the way it is delivered to the client. If earlier the digital infrastructure of business played the role of an auxiliary link or an image tool, then since the second decade of the 21st century, digitalization has confidently taken the role of a driver for smart business growth and its qualitative development within the framework of the trilogy: power – client – business. Research results. The article describes the key features of the development of the digital economy in Russia, provides statistical data on the innovative activity of small and medium-sized businesses, as well as provides a critical review of the current challenges, threats and opportunities for involving small and medium-sized businesses in the digital era, substantiates conceptual formulas for assessing potential damage in if cyber threats are implemented. Conclusions. The materials of the article are of practical value for managers of small and medium-sized businesses, anti-crisis managers, specialized institutions of financial and consulting support. Only a constructive and honest dialogue of the largest players in the information technology market with the business community can help build a real and strong digital economy in Russia.

Management Accounting in the Digital Economy

2020 ◽  
pp. 156-176 ◽  
Author(s):  
Sorinel Căpușneanu ◽  
Dan Ioan Topor ◽  
Dana Maria (Oprea) Constantin ◽  
Andreea Marin-Pantelescu
Keyword(s):  
Information Technology ◽  
Industry 4.0 ◽  
Information Technologies ◽  
Cost Management ◽  
Management Accounting ◽  
New Economy ◽  
Digital Economy ◽  
Current State ◽  
Accounting Management

This chapter presents the evolution and perspectives of management accounting in the digital economy. The main objectives of this chapter are to present the different conceptual approaches of the digital economy and Industry 4.0, the B20 pillars and their impact on the management accounting, the role of management accounting and of the management accountant in the new economy, forecasts and solutions regarding the adaptation of the management accounting to the digital economy, and cost management of the implementation of innovative information technology. All aspects presented are based on national and international professional studies and attempt to present the current state of the themes addressed. The chapter ends with the author's conclusions regarding management accounting in the digital economy. Through the authors' contribution, the chapter offers perspectives and solutions to increase knowledge to implement information technologies and adapt accounting management to these innovative waves.

scholarly journals The role of tax potential in stimulating the effectiveness of innovation in the digital economy

2021 ◽  
Vol 274 ◽  
pp. 10003
Author(s):  
Olga Maksimchuk ◽  
Elena Maznitsa ◽  
Larisa Chizho
Keyword(s):  
Digital Technologies ◽  
Main Tool ◽  
Digital Economy ◽  
Tax System ◽  
Advantages And Disadvantages ◽  
The Subject ◽  
The Russian Federation ◽  
New Challenges ◽  
Tax Benefits

The conditions of the digital economy dictate new challenges in order to correct structural imbalances; answers to these challenges are possible in the format of innovations. Since the beginning of the pandemic, it has become even more obvious that enterprises that have actively introduced innovations, in particular digital technologies and products, have become successful players in all markets. And tax stimulation has always been the most effective tool for innovation in economic activity.The purpose of this study is to substantiate the role of tax potential in stimulating the effectiveness of innovation in the digital economy. The object of research is the tax potential of the territory. The subject of the research is tax stimulation for the efficiency of innovation in the digital economy. The article presents the advantages and disadvantages of the existing tax system for stimulating innovation in Russia, the tax benefits as the main tool for stimulating innovation in the Russian Federation, the proposals for improving legislation on taxes and fees.

ORGANIZATION OF MATERIAL FLOW IN THE DIGITAL ECONOMY: THE PLACE AND ROLE OF DIGITAL TWIN TECHNOLOGY

2020 ◽  
Vol 10 (9) ◽  
pp. 1869-1884
Author(s):  
A.A. Bochkarev ◽  
◽  
E.R. Dobronravin ◽  
Keyword(s):  
Supply Chain ◽  
Material Flow ◽  
Industry 4.0 ◽  
Production Management ◽  
Digital Economy ◽  
Science Literature ◽  
Russian Science ◽  
Digital Twin ◽  
Use Of Resources

The article provides an overview of theoretical studies and modern trends in the development of the concept of “digital economy” and analyzes the technical and economic foundations of such changes, and also identifies the directions of further development of such studies. The difference between engineering and technical and economic approaches to the problem of production management is actualized. It is concluded that the problems of production and supply chains in the digital economy require an integrated, technical and economic approach. It is also concluded that the theory of material flow (logistics) should be based on the knowledge in the field of economic theory, with the active use of the concept of SCM 4.0. The characteristic of the modern stage is given - the rejection of traditional, hierarchical models of building organizations in favor of “streaming” ones. The urgency of digitalizing supply chain models is argued. At the same time, the important role of combining the knowledge of different specialists in the implementation of the function of organizing material flows is shown. The importance of Industry 4.0 in improving the rational use of resources, predictability, transparency and quality of the economy is shown. The features of the modern economy, technical and economic methods and technologies of SCM 4.0 are correlated. In conclusion, the article considers the concept of “digital twin” of supply chain processes, which correlates with the methods of simulation. Simulation and digital twin are here optimization procedures, optimal control, important and promising technical procedures of Industry 4.0. Basing on the study of Western and Russian science literature, the characteristics and properties of “digital twins”, their importance for the management of production and other processes in the supply chain, and directions for further research of this phenomenon are highlighted.

scholarly journals How Different Ownership Structures Perform in Industry 4.0: A Case of Malaysian Manufacturing SMEs

2018 ◽  
Vol 56 ◽  
pp. 04003
Author(s):  
Aamir Iqbal Umrani ◽  
Satirenjit Kaur Johl
Keyword(s):  
Failure Rate ◽  
Industry 4.0 ◽  
Small And Medium Enterprises ◽  
Business Environment ◽  
Ownership Structures ◽  
Mediating Role ◽  
Medium Enterprises ◽  
Relationship Of ◽  
The Relationship

Small and medium enterprises are vital components for economic growth globally. Similarly, the Malaysian manufacturing SMEs has contributed greatly in developing Malaysia’s economy. However, higher failure rate of the Malaysian SMEs is a great concern among researchers and government bodies. Currently, the industry 4.0 has changed the business environment globally. Therefore, this study attempts to investigate the relationship of ownership structures on firm performance with a mediating role of innovation. Baron and Kenny approach of mediation analysis was used on the sample of the Malaysian manufacturing SMEs. The results revealed that, majority SMEs prefer traditional business methods, which causes the higher failure rate in the industry.

scholarly journals Business Transformation in the Digital Economy: The Foreign Approach and Russian Opportunities

REGIONOLOGY ◽  
2021 ◽  
Vol 29 (2) ◽  
pp. 328-354
Author(s):  
Tatiana A. Salimova ◽  
Lyudmila I. Biryukova ◽  
Natalya V. Anikina
Keyword(s):  
Industry 4.0 ◽  
Negative Impact ◽  
Management Practice ◽  
Statistical Processing ◽  
Social Institutions ◽  
Digital Economy ◽  
Digital Transformation ◽  
Business Community ◽  
Foreign Experience ◽  
Russian Economy

Introduction. The trend of digital transformation of business that has emerged in recent years is gaining the status of a basic condition for the effective development of the Russian economy. In this regard, the focus of research interest is on the readiness of companies to use Industry 4.0 technologies, as well as issues of risk management and business digitalization opportunities. The purpose of the study is to analyze and systematize the foreign experience of digital transformation in order to assess the prospects and limitations of the transition of Russian enterprises and organizations to Industry 4.0, as well as the options for overcoming them in the framework of corporate strategies for sustainable development. Materials and Methods. The authors carried out statistical processing and critical analysis of the opinions of Russian business people about their level of awareness and vision of the risks, opportunities, and limitations of the use of Industry 4.0 technologies in Russian management practice. The initial statistical data were collected as part of a survey using the Google Docs service. Data processing was performed using the concordance coefficient, the Pearson’s chi-squared test, and the Cramér–von Mises criterion. Results. The authors have corroborated the hypothesis that in the digital economy, the speed of response to global risks, the effectiveness of measures to reduce their negative impact on business results depends on the scope and innovation focus of the enterprise. At the same time, a statistically significant relationship has been revealed between the attitude of Russian enterprises to Industry 4.0 technologies and their willingness to accept the benefits and advantages associated with them. The authors have refuted the hypothesis that there is a connection between the level of influence of the key barriers to the digital transformation of Russian business and the attitude of enterprises to Industry 4.0 technologies. On the basis of generalized foreign experience, the authors have proposed options for resolving the existing contradictions in the industrialization of Russian business. Discussion and Conclusion. The results of the study have corroborated that the Russian economy faced the same problems and limitations as most countries of the world on the way to transition to a digital society. Overcoming them is possible only through joint efforts of governmental structures, the business community, and social institutions. The research results can be used by federal and regional authorities to promote the National Program “Digital Economy of the Russian Federationˮ and the National Technology Initiative.

scholarly journals Platformization in the digital economy – new challenges for regulation

2021 ◽  
pp. 102-118
Author(s):  
Włodzimierz Szpringer ◽  
Keyword(s):  
Law And Economics ◽  
Digital Economy ◽  
Digital Platforms ◽  
Systemic Analysis ◽  
Legal Context ◽  
New Challenges ◽  
The Law ◽  
Innovation Competition ◽  
Changing Role

The aim of the article is to examine the changing role of regulation in a digital economy based on data. Inspiration of the study is based on the latest concepts of regulating digital platforms (BigTech), literature in the field of law and economics, systemic analysis of law, practice and compliance, regulatory innovations. The law should be technologically neutral. The problem consists in emphasizing the regulation of services, taking into account the legal context of innovation: competition protection, prevention of misuse of market power, e.g. in the case of digital platforms operating on two- (multi-)sided markets. However, the rights, often adopted in an analogue era, must also keep up with technology. It is a novelty to emphasize the problem of supporting the law by code or transforming the law into code, supervision over the implementation of algorithms based on artificial intelligence, as well as redefine the role of law as a technology management instrument.

After Victory

2019 ◽  
Author(s):  
G. John Ikenberry
Keyword(s):  
Comparative Politics ◽  
World Order ◽  
Balance Of Power ◽  
The United States ◽  
Big Bang ◽  
World Politics ◽  
Napoleonic Wars ◽  
Power Politics ◽  
The Cold War

The end of the Cold War was a “big bang” reminiscent of earlier moments after major wars, such as the end of the Napoleonic Wars in 1815 and the end of the world wars in 1919 and 1945. But what do states that win wars do with their newfound power, and how do they use it to build order? This book examines postwar settlements in modern history, arguing that powerful countries do seek to build stable and cooperative relations, but the type of order that emerges hinges on their ability to make commitments and restrain power. The book explains that only with the spread of democracy in the twentieth century and the innovative use of international institutions—both linked to the emergence of the United States as a world power—has order been created that goes beyond balance of power politics to exhibit “constitutional” characteristics. Blending comparative politics with international relations, and history with theory, the book will be of interest to anyone concerned with the organization of world order, the role of institutions in world politics, and the lessons of past postwar settlements for today.

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