scholarly journals Transformation of the Paradigm of the Economic Entities Development in Digital Economy

2020 ◽  
Vol 16 ◽  
Keyword(s):  
Business Models ◽  
Digital Economy ◽  
Advantages And Disadvantages ◽  
Communication Method ◽  
Rapid Changes ◽  
Production Form ◽  
The Impact ◽  
Transformation Space ◽  
Statistical Indicators ◽  
Criterion Approach

Global digitization forces modern enterprises to respond to the rapid changes in the external environment and adapt to it. As a result, existing business models are being transformed in the areas of production, promotion, communication, calculations, interaction with partners and consumers. In this context, there is growing scientific interest in exploring theoretical and practical aspects of the economy digitization and its impact on the peculiarities of the economic entities functioning. Features of functioning of classical and digital economic entities on the basis of criterion approach have been investigated, using the following criteria: factors of production, form of business organization, location of workplace, production outcome, economic processes, connection with on-demand economy, methods of payment, relations with other enterprises, professions enhancing the image of the enterprise, communication method between employees, saving and processing of information, company promotion tools and consumer communication. The main statistical indicators of the digitalization impact on the activity of enterprises in the world and in Ukraine in 2018 have been analyzed. The feasibility of using digital economy tools has been outlined. Advantages and disadvantages of the impact of digital transformation space on the enterprise have been identified.

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.

Internet Technology-Based Tools Utilization in the Workplace of Contemporary Organizations

2009 ◽  
pp. 570-576
Author(s):  
Janusz Wielki
Keyword(s):  
Work Environment ◽  
Business Models ◽  
Small Degree ◽  
Digital Economy ◽  
Internet Technology ◽  
The Internet ◽  
Internal Work ◽  
New Business ◽  
The Impact ◽  
New Business Models

Currently there are many studies which deal with the impact of the Internet and Internet technology-based tools on organizations. Most of them are focused on such issues as the opportunities which have emerged with the development of the digital economy, possible new business models, establishing new kind of relations with customers, and security aspects. The impact of Internet technology-based tools on the internal work environment of organizations is an issue which is relatively rarely analyzed. Although more and more publications concerning this field are being released, they are only focused to a small degree on the challenges connected with the utilization, and, particularly, the misuse, of Internet technology-based tools in the workplace. Thus, this article is an attempt to deal with this issue in a more holistic way.

scholarly journals Financial Technology as Payment Methods in the Digital Era

2021 ◽  
Vol 1 (1) ◽  
pp. 9-16
Author(s):  
I Budiarti ◽  
F Hibatulloh ◽  
M Salman
Keyword(s):  
Technological Innovation ◽  
Financial Services ◽  
Business Models ◽  
Industrial Revolution ◽  
Payment System ◽  
Advantages And Disadvantages ◽  
Payment Methods ◽  
Digital Era ◽  
The Impact ◽  
Financial Technology

FinTech is defined as technological innovation in financial services that can produce business models, applications, processes, or products with material effects related to financial services provision. This study aims to analyze the impact of developing a digital payment system and prevent inflation due to a large amount of cash in circulation. The method used in this study is qualitative. Fintech technology is very beneficial for the community, especially in industrial revolution 4.0, where this digital payment system has advantages and disadvantages. The advantages are efficiency and safety, while the disadvantages are higher interest costs. This digital payment system can minimize inflation due to the large amount of money circulating in society.

The Impact of the COVID-19 Pandemic on the Economic Security of Enterprises

2021 ◽  
Vol 36 (36) ◽  
pp. 22-37
Author(s):  
Waldemar Kunz
Keyword(s):  
Supply Chains ◽  
Business Models ◽  
Food Delivery ◽  
Economic Security ◽  
Logistics Management ◽  
Effect Relationship ◽  
Rapid Changes ◽  
Industry Consolidation ◽  
Delivery Services ◽  
The Impact

The coronavirus pandemic has accelerated the course of change. Examples of rapid changes in some industries include remote working, the increased popularity of restaurant food delivery services, greater industry consolidation, moving supply chains back to national markets. Therefore, in order to maintain economic security, companies should quickly implement adaptive forms related to logistics management, available resources, or in relation to key strategic business areas. The time is coming for innovative companies which, thinking in a forward-looking, and also unconventional way, will conduct their business because only companies which will see the new trend related to the redefinition of existing business models in time can win against the competition. The following article shows the cause-and-effect relationship between the impact of the Covid19 pandemic on economic security and the prospects and challenges facing businesses today.

Digital Economy Transformation in Nexus With External and Social Sustainability

2022 ◽  
pp. 156-185
Author(s):  
Arif Budimanta Sebayang ◽  
Telisa Aulia Falianty ◽  
Firdha Anisa Najiya ◽  
Gusti Raganata
Keyword(s):  
Statistical Analysis ◽  
Regression Model ◽  
Environmental Sustainability ◽  
Digital Literacy ◽  
Co2 Emission ◽  
Business Models ◽  
Social Sustainability ◽  
Digital Economy ◽  
Mobile Cellular ◽  
The Impact

In response to Indonesia's accelerating digital use, this study aims to address challenges to implement digital business models and identify the impact of digital economy to external and social and environmental sustainability. This study uses desk study, descriptive statistical analysis, and quantitative regression model and qualitative information from discussion with relevant stakeholders. This study provides several important results. First, increase in mobile cellular subscription will lead to increase in inequality, while percentage of internet user to population has shown otherwise. Second, the study also found that technology has a possibility to affect environment since it could increase CO2 emission. The digital technology gives the pressure to increase balance of payment deficit. The recommendations include increasing digital access and digital literacy, developing pro-environment technology, and increasing the exports of digitally deliverable services.

scholarly journals TRANSFORMATION OF THE DIGITAL ECONOMY INTO THE NATIONAL TAX SYSTEMS OF FOREIGN COUNTRIES

2020 ◽  
pp. 38-51
Author(s):  
Oksana M. Makhalina ◽  
◽  
Victor N. Makhalin ◽  
Keyword(s):  
Business Models ◽  
Digital Economy ◽  
Negative Consequences ◽  
Tax Base ◽  
Free Competition ◽  
Tax Legislation ◽  
Foreign Countries ◽  
International Projects ◽  
National Tax ◽  
The Impact

The relevance of this article is due to the practical purpose of studying the foreign experience of taxation with a view to further use in the process of improving the Russian mechanism of the tax system. Existing differences in tax legislation in many countries allow international corporations to use a variety of ways to avoid paying enough taxes. The organization for economic cooperation and development (OECD) has been fighting such corporate tax crimes for several years, but has not always offered solutions that address the potential negative consequences for developing countries. To this end, the BEPS plan was developed in 2013 and finally adopted in 2015. It is a list of OECD measures to counteract the erosion of the tax base and the removal of multinational companies from taxation. The article considers international projects based on global monitoring the tax services of various States and current trends in the development and improvement of the tax administrating in accordance with the requirements of the BEPS plan and the digital economy. Those measures are presented in the article as a system for adapting the tax service to new ways of doing business based on the developing digital economy. At the same time, two issues of tax adaptation are solved. First, how to determine the tax presence in a given tax jurisdiction. Second, what is the role of the data and users and their dependence on intangible assets that characterize new digital business models, how and where the final product or service is created. In conclusion, the authors formulate recommendations for the organization of effective and efficient taxation of participants in the production process in the digital economy: it is necessary to secure taxpayers against unnecessary costs associated with tax administrating; the introduction of a fair approach to economic entities over a proportional tax burden; promote legal and regulatory certainty; comply with the principles of free competition in the absence of whatsoever protectionist measures on the part of the state; mitigate the impact on countries with weak economies.

scholarly journals EVOLUTION OF DIRECT FOREIGN INVESTMENT IN DIGITAL ECONOMY

2019 ◽  
pp. 63-72
Author(s):  
Volodymyr Shevchenko ◽  
Maryna Oproshchenko
Keyword(s):  
Business Models ◽  
System Analysis ◽  
Market Competition ◽  
Value Added ◽  
Direct Foreign Investment ◽  
Digital Economy ◽  
Global Market ◽  
Investment Strategies ◽  
Light Production ◽  
The Impact

Effects of digital economy on the forms and stimuli of foreign direct investment are examined. Since digitalization is becoming the underlying basis of a fundamentally new technological structure for economic processes, it shifts business models, strategies and decisions on international activity and foreign expansion. Digital economy disrupted conventional industries and interaction between market participants. The purpose of the article is the generalization of the theoretical foundations of digitalization as a factor in the evolution of FDI and assessment of modification of their forms at the macro and macro levels. Methodological basis of the study are general scientific tools (system analysis, deduction and induction), as well as special economic methods (statistical and correlation-regression analysis). Investment strategies of digital companies and the impact of digital economy on firms in inherently non-digital industries are disclosed. The role of digitalization for global market competition and the corresponding changes in investment strategies are revealed. Digitized firms obtain competitive advantages resulting from cost effectiveness, asset-light production and organization models and agility, which entails the surge of their market power and affects their investment activity.The study argues that the extent of digital penetration in household and business use, combined with FDI into digital sector, determine the scope of digital economy, which equals the share of the domestic value added generated by digitalized firms. Such companies have digitalization influence their investment decisions and strategies, mainly in more digitalized developed economies. Recommendations for investment policy of economic agents at the micro and macro levels, with regard of digitalization factor, are justified.

scholarly journals The Impact of the Sharing Economy as an Ecosystem on the Tourism Sector

2021 ◽  
Vol 12 (22) ◽  
pp. 66-88
Author(s):  
Navickas Valentinas ◽  
Ieva Petrokė ◽  
Vaida Bačiulienė ◽  
Tetiana Vasylieva
Keyword(s):  
Business Models ◽  
Scientific Literature ◽  
Sharing Economy ◽  
Study Data ◽  
Quality Of Services ◽  
Advantages And Disadvantages ◽  
Tourism Sector ◽  
Tourism Services ◽  
The Impact

The authors of the article investigated the sharing economy elements as an ecosystem and analyzed the advantages and disadvantages of the sharing economy in the tourism sector. Exploring the elements of the sharing economy's ecosystem can help identify the challenges of globalization and lead to exploiting the sharing economy's potential more efficiently in the tourism sector. The study of the impact of the sharing economy as an ecosystem on the tourism sector is also made relevant by the lack of research examining the advantages and disadvantages of sharing economy models. To determine the impact of the sharing economy on the tourism sector, the authors analyzed the scientific literature. An empirical study of business models based on the sharing economy in the tourism sector was carried out. Moreover, the advantages and disadvantages were identified of the sharing economy in the tourism sector. The authors' analysis has shown that, despite conflicting views on the impact and importance of the sharing economy in the tourism sector, many experts are optimistic about sharing economy-based models in this sector. Research by the authors of the article shows that sharing economy-based businesses are superior to traditional business models.  The sharing economy-based models are preeminent because of more affordable prices for tourists, better satisfaction of individual needs, opportunities to become part of the community, a more comprehensive range of services, better access to tourism services. A better quality of services also highlights the advantages of economy-based businesses. Although the study was conducted in the Lithuanian tourism sector, we can assume that the study data can be unified and applied to analyze similar markets in other countries.

scholarly journals The impact of the digital revolution on the global economy

2021 ◽  
Vol 5 (S4) ◽  
pp. 968-987
Author(s):  
Marsel Imamov ◽  
Natalia Semenikhina
Keyword(s):  
Global Economy ◽  
New Technologies ◽  
Rapid Development ◽  
Digital Economy ◽  
Economic Life ◽  
Digital Revolution ◽  
Balanced Development ◽  
Advantages And Disadvantages ◽  
The World ◽  
The Impact

Today, the economy is undergoing serious changes based on new digital technologies and artificial intelligence, which has affected serious qualitative and structural shifts. The purpose of this work is to study the impact of new technologies on economic processes, the advantages and disadvantages of the rapid development of new technologies. The significance of the research is determined by the relevance of the topic of the work, as well as the importance of tracking the processes of the world economy. The authors conducted a study and revealed that the digital economy is influenced by trends in the use of modern technologies, described the consequences of these changes, as well as the possibility of preventing problems. Globalization, integration, acceleration of integration processes, industrialization, environmental, demographic and political factors of economic life around the world require balanced development of the national economy with special attention. This article examines the ways of economic development and the following consequences. Analysing the results, it can be noted that it is impossible to say unequivocally what can negatively or positively affect the development of the digital economy, because there is an unpredictability factor that needs to be constantly taken into account in research.

scholarly journals THE DIGITAL ECONOMY: ADVANTAGES AND RISKS

2021 ◽  
Vol 02 (01) ◽  
pp. 153-159
Author(s):  
Lutfulla Xabibullayevich Ubaydullayev ◽  
◽  
Bakhtiyor Nabijanovich Dedajanov ◽  
Keyword(s):  
Digital Technologies ◽  
Digital Economy ◽  
Global Changes ◽  
Advantages And Disadvantages ◽  
The Impact

: The article highlights the development of digital technologies, one of the global changes, and its role in the transformation of the economy. Approaches to the development of the digital economy, the impact of the development of the digital economy on employment, its advantages and disadvantages are expressed.

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