scholarly journals Strengthening Innovative Leadership in the Turbulent Environment

2021 ◽  
Author(s):  
Iffah Budiningsih ◽  
Tjiptogoro Dinarjo Soehari
Keyword(s):  
Business Processes ◽  
Environmental Changes ◽  
Rapid Development ◽  
Business Environment ◽  
Digital Transformation ◽  
Environmental Turbulence ◽  
Organizational Goals ◽  
Technology Industry ◽  
Innovative Leadership ◽  
Innovative Products

Recently, in the Digital Transformation era that is trigger by technology, Industry 4.0 is a transformation process that leads to company changes that disrupt and affect all business processes. In the current transformation phase, leaders must have the ability to manage digital transformation processes and new digital organizations that are emerging which are changing in a volatile (turbulent) business environment. The discussion in this chapter book includes a content analysis of several leadership characters that are very influential in anticipating turbulent environmental changes, which include: leadership in the turbulent era, innovative leadership, leadership with high integrity, leadership with high EQ. The dynamics of the external environment such as economic, political, social, cultural, scientific, and technological changes very rapidly which will have an impact on the business environment: customers, suppliers, competitors, investors, government/law, and interest groups. The external environmental turbulence must be anticipated by all institutions by strengthening leadership so that leaders and their followers can create innovative products, processes, collaborations, communication, and have emotional intelligence that can capture the substance of the problem objectively and arouse the spirit of participation of all parties. Another very basic thing is a leader who has strong integrity, which is trustworthy, honest, moral, and has the credibility to produce solutions to various business problems so that in the end it produces excellent performance according to stakeholder expectations. Leaders need to proactively manage change through strengthening innovative ideas, creating new things as the key to creating a prime competitive advantage for the company. The leader is a figure who must be able to continuously adapt to the dynamics of the rapid development of the environment and market, supported by human resources, superior organization, and the right systems and procedures to achieve organizational goals.

ANALYSIS OF THE STRUCTURAL DYNAMICS OF THE DIGITAL ECONOMY IN TODAY'S REALITIES

2021 ◽  
Vol 14 (1) ◽  
pp. 40-47
Author(s):  
Tatуana Ivanovna LOMACHENKO ◽  
Keyword(s):  
Structural Dynamics ◽  
Digital Technology ◽  
Business Strategy ◽  
Production Management ◽  
Production Efficiency ◽  
Business Processes ◽  
Business Environment ◽  
Digital Economy ◽  
Digital Transformation ◽  
Evolutionary Stage

Nowadays, there is no consensus that digitalization is a threat to business security or an opportunity to comprehensively manage the entire chain of business processes in real time, taking into account incoming data from all assets. However, political and economic instability, demand volatility, and competition are all a set of global challenges that digital transformation has responded to. In industry, the competitive advantage has become not the ownership of the enterprise, the firm, but access to digital technology, on which the efficiency of work with specific resources depends. The processes of forming individual business segments related to production management based on modern digital technology have already been launched and most companies are focused on this direction. The article reveals the features of the evolutionary stage of digital economy development, presents the relationship of this process with the formation of the conceptual framework from the theoretical foundations, substantiated in the 1990s by foreign and domestic scientists to modern approaches in the interpretation of digital economy definitions. The article proposes the structural dynamics of the digital economy in today's realities, revealing internal problems, opportunities for economic growth, maturity and readiness of the state to new ways of doing business in the digital economy and digital transformation, to form the country's national strategy. In addition, the conditions under which digital transformation opens up new opportunities for the business environment, the public sector and society as a whole are presented. Changes in business strategy, organizational forms, business process capabilities, new approaches in working with clients, competitive advantages, increase in profit sources are analyzed. As a result, the efficiency of the whole system increases, which allows to reach a fundamentally new level of production efficiency in a short time.

scholarly journals Transformation of Manager Competences in Conditions of Digital Economy

2021 ◽  
Vol 18 (2) ◽  
pp. 142-151
Author(s):  
Yu. V. Syaglova ◽  
T. P. Maslevich
Keyword(s):  
Decision Making ◽  
Business Models ◽  
Business Processes ◽  
Business Environment ◽  
Complex Model ◽  
Process Approach ◽  
Digital Transformation ◽  
Managerial Decision ◽  
Commercial Activity ◽  
Digital Platforms

Today digital economic environment penetrates deeply in different spheres and industries of economy. Now doubt that digital transformations deal not only with outer environment of company functioning but also with their internal business-processes. The outer elements of digital transformation include such business-spaces, which in their essence were born as global, i. e. they are not connected with geographical location or specific segment of buying audience. We mean the development of the so-called digital platforms – ecosystems of digital business, where participants of different profiles or lines of commercial activity can be present, such as logistics, production, finance, marketing, sales, etc. Due to active emergence of outer aspects of digital transformation internal businessprocesses in such digital spaces are also subjected to transformations. These transformations in some cases are inevitable because of rising competition among companies inside one industry on the level of product range being sold and among related industries on the level of services that determine the company value for customers. In the digital business environment classical process approach undergoes serious changes due to transformation of business-models of business running, altered information opportunities, emergence of new digital competences of experts and technological breakthrough. The goal of the research is to develop a competence model of manager for decision-making in conditions of digital environment with regard to factors influencing the process of decisionmaking and advanced methodologies of management, such as Agile. The article shows conditions of digital transformation penetration in the business environment of present day companies, identifies factors of digital transformation impact on decision-making in management within the frames of the process approach, substantiates opportunities and threats of business-process digitalization in managerial decision-making and demonstrates new competences necessary for efficient functioning of business-processes. The authors put forward a complex model of decision-making in digital business environment, which gives an opportunity for companies to make the most effective managerial decisions.

scholarly journals Digital Transformation of Business Analytical Processes

2021 ◽  
Vol 8 (2) ◽  
pp. 62-70
Author(s):  
O. E. Mikhnenko
Keyword(s):  
Big Data ◽  
Business Intelligence ◽  
Business Processes ◽  
Digital Technologies ◽  
Business Environment ◽  
Digital Economy ◽  
Digital Transformation ◽  
Management Decision ◽  
Control Apparatus

Current development and management of economic activity is largely associated with the implementation of the concept of the digital economy, which poses new challenges for business intelligence. The set of tasks is formed in order to develop business intelligence so that it matches the improved management of economic subjects, and to ensure the quality of business processes when digital technologies are introduced. Improved management based on the concept of the business environment implies that monitoring principles are used to analyze the behavior of external business environment participants with the purpose to build a rational partnership relationship. The digital economy creates information opportunities in this area, as it provides the access to Big Data and their processing using Big data analytics technologies. With regard to the requirements of management, the article analyzes the behavior of elements of the internal business environment to develop a management solution to improve the effectiveness of their behavior. The high quality of the solution is provided by the information model being a highly adequate image of a particular object under control and the ability of the control apparatus to fully realize the volume of its inherent functions. Under these conditions, the digital transformation of analytical processes is based on its own information platform, which should use breakthrough digital technologies. The research uses such methods as systemic analysis to generalize the modern concepts of economic system management, development of digital technologies and their introduction into management decision-making processes.

RESEARCH ON PROJECT AND PRODUCT MANAGEMENT IN TECHNOLOGY INDUSTRY IN THE DIGITAL ERA

2017 ◽  
Author(s):  
Ivelina Kulova ◽  
Keyword(s):  
Project Management ◽  
Business Environment ◽  
Digital Transformation ◽  
Product Management ◽  
Technology Industry ◽  
Digital Era ◽  
Rapid Changes ◽  
Analysis And Synthesis ◽  
Great Relevance ◽  
The Impact

The changes caused by digitalization give rise to a definite need to increase managerial and organizational flexibility. In some areas the impact of these rapid changes is significant, in others the impact is weaker, but is clearly felt in all industries and functions. This determines the need for research of project and product management to help managers form an approach to achieve optimal results and gain a competitive advantage over the other technology companies. Focusing on the project management and product management topics, the current paper falls into a niche of great relevance and strategic importance for the technology industry. In this regard, the purpose of this study is to examine the product and project management in times of digital transformation and to analyze whether the transition from project to productoriented management in technology industry is necessary. The methods used in this paper include: analysis and synthesis; research through literature sources, results of theoretical and empirical research in the field of product and project management, etc. The results show that integrating a product mindset within projects will enable technology companies to further adapt to the dynamically changing business environment and to provide a unique value proposition in times of digital transformation.

DIGITAL TRANSFORMATION OF MANAGEMENT MODELS OF GAS DISTRIBUTION ORGANIZATIONS UNDER CONDITIONS OF SYSTEM BALANCING

2020 ◽  
Vol 2 (3) ◽  
pp. 4-9
Author(s):  
S. V. ANISIMOVA ◽  
Keyword(s):  
Business Processes ◽  
Radical Change ◽  
Business Environment ◽  
Digital Transformation ◽  
The State ◽  
Modern World ◽  
Gas Distribution ◽  
Management Mechanism ◽  
Gas Industry ◽  
The Impact

The management mechanism of gas distribution organizations is one of the most important factors in the development of the company and the gas industry of the country as a whole. This is due to the fact that the management mechanism affects the deepest foundations of the company’s economic activity, determining the process of sustainable economic growth and development potential of both an individual company and the industry as a whole. Moreover, in essence, this process is a complex and controversial phenomenon, which inevitably entails the need for digitalization. Digital transformation is a radical change, the transition to a balanced approach in optimizing management systems. Today, the problems of rational choice, the search for optimal digital technologies and the construction of an effective digitalization strategy, of course, are becoming increasingly relevant and significant, especially for gas companies. Digitalization in the modern world forces successful enterprises in different sectors of the economic cycle to rethink how companies carry out their business processes, what management methods and models are used, how modern IT systems are created, arranged and work. In 2019, numerous studies were conducted on the impact of digitalization on the business environment, during which negative indicators were revealed of promising companies that ignore digital innovations, which halves revenue growth and reduces profit growth by a third. In the article, we will consider the Russian digital transformation of the gas industry on the management model of gas distribution organizations. Let us evaluate the state of development of the information society, digital projects being implemented at the state level, promising development trends and the comprehensive framework of the digital gas distribution enterprise as a whole.

scholarly journals International business in the conditions of globalization

2021 ◽  
pp. 5-8
Author(s):  
Viktoriia HURALSKA ◽  
Yuliia PRODIUS ◽  
Serhii IZOTOV
Keyword(s):  
International Business ◽  
International Organizations ◽  
Large Scale ◽  
Structural Changes ◽  
Business Processes ◽  
Rapid Development ◽  
World Market ◽  
International Markets ◽  
Business Environment ◽  
Strategic Goals

Introduction. International business has big differences compared to business based within a certain country. The same principles which are used by national companies to ensure business processes in a particular country cannot be fully applied in international business. With this in mind, the study and analysis of the peculiarities of international business are necessary tasks. Many foreign and domestic scientists studied the process of development of international business in the context of globalization in their works, such as D. Johnson, K. Turner, S. Robock, S. Mocherny, S. Fomishin, EG Panchenko et. al. The purpose of the paper is to study the peculiarities of the development of international business in the context of globalization. Results. In recent years, the growth of international business has been impressive. This rapid development was influenced by two main reasons: the strategic goals of companies that contribute to the process of globalization, as well as the changing business environment. The processes of globalization and internationalization contribute to increased competition in international markets and cause certain structural changes in the external environment. Conclusion. Thus, globalization is a large-scale and multifaceted process that is developing quite rapidly. International business in the context of globalization is influenced by many factors, including: increasing the dependence of economies of different countries, the creation of transnational corporations, strengthening the competitiveness of the state in the world market, as well as the development of international institutions and membership in international organizations.

scholarly journals THE ROLE OF THE INFORMATION SYSTEM IN THE MANAGEMENT OF THE HUMAN RESOURCES

2019 ◽  
Vol 26 (6) ◽  
pp. 1703-1708
Author(s):  
Vehbi Ramaj ◽  
Zenel Sejfijaj ◽  
Donikë Ramaj
Keyword(s):  
Human Resources ◽  
Business Processes ◽  
Rapid Development ◽  
Human Resources Management ◽  
Dynamic Environment ◽  
Business Environment ◽  
Strong Impact ◽  
Business World ◽  
Business Departments ◽  
The Impact

Human resources and their management are among the biggest challenges in today's business environment. Information and data are needed by the human resources manager to have sufficient knowledge in order to evaluate the performance of the enterprise in general.It is also important for leaders to be aware of the different types of technology that can improve organizational effectiveness.Technology has changed the business world, and this has happened frequently and year after year. In the information age, the advantage of using computers and the internet has increased the impact significantly.Technology and information nowadays is the basis of business development and has a strong impact on the productivity of organizations, achieving its main objective such as profitability.For the realization of this papera methodology is used that consists of a combination of primary and secondary data.Secondary data are the result of a review of a wide literature on change management, which has served to construct hypotheses and the theoretical model presented and tested in this paper.The primary search is based on the data collected through questionnaires distributed to businesses.In surveys conducted for this research paper, the results show that the impact of contemporary technology is on the rise.This impact is noticeably present in all areas, parts, business departments, including in an almost broader aspect and the Human Resources department. This impact is clearly seen in the process of recruiting, training, how to organize or document storage data and management performance. Enterprises that develop their business in this dynamic environment are also characterized by ongoing changes and can not function without the use of information technology. Globalization of the market and the rapid development of information and communication technology have influenced the IT system to have a more important role in business processes than in the past. IT systems are being used today by businesses at all levels of the organization's management, and in all its functional areas, from finance, accounting, marketing, human resources to production. Social and organizational changes in the economic environment are numerous and wide. Accordingly, it is important that human resources management (HRM) becomes more and more qualitative, fast, flexible and consistent with future trends, as it is one of the successful business parameters.

scholarly journals Digital Tools of a Business Organization Innovative Development

2020 ◽  
Vol 4 (46) ◽  
pp. 249-255
Author(s):  
O. V. Shatilova ◽  
◽  
N. O. Shyshuk ◽  
Keyword(s):  
Business Processes ◽  
Well Being ◽  
Business Environment ◽  
Digital Transformation ◽  
Digital Tools ◽  
Innovative Development ◽  
Business Organization ◽  
Society Business ◽  
Intelligence System ◽  
Technological Gap

The article deals with topical issues of providing the innovative development of a business organization in the context of its digital transformation. The article aims at studying the essence and role of digital tools in the innovative development of a business organization. Having based the research on a comparative analysis of various interpretations of digital transformation in the modern economic literature, the authors identify the main areas of its influence: digital transformation of society, business environment, employees, and business activities. The connection between digital transformation and the innovative development of a business organization has been analyzed. It has been found out that, on the one hand, digital transformation is a prerequisite for innovative development of a business organization; and on the other hand, an innovative business organization can be both the generator and ambassador of digital transformation promotion. It has been determined that the innovative development of a business organization depends on such digital components as digitalization of employees, business processes, and management. The following digital tools of innovative development of a business organization have been described: digital workplace, communication facilities, document flow, and intelligence system. It has been established that the main factors hindering the «digital well-being» in business organizations are the following: the managers’ ignorance, excessive conservatism, excessive bureaucratization, the presence of a «technological gap» and lack of resources. Promising areas for further research in this area are the development of new digital tools that would complement the list of the existing ones, and the improvement of the mechanisms for their implementation.

scholarly journals Critical factors of digital transformation success: A literature review

2020 ◽  
Vol 68 (5-6) ◽  
pp. 400-415
Author(s):  
Bogdan Ubiparipović ◽  
Predrag Matković ◽  
Mirjana Marić ◽  
Pere Tumbas
Keyword(s):  
Literature Review ◽  
Success Factors ◽  
Rapid Development ◽  
Business Environment ◽  
Life Cycles ◽  
Digital Transformation ◽  
Theoretical Research ◽  
Digital Revolution ◽  
Critical Success ◽  
Digital Ecosystem

Over the last two decades, the digital era and the fourth digital revolution have led to a rapid increase in the influence that digital technologies have on all aspects of life. Rapid development and diffusion of technological innovations altered the business environment, additionally accelerating the dynamics of market changes through permeating globalisation and ever stronger competition. In such digital ecosystem, product life cycles became extremely short, while consumers became more demanding and their behaviour more volatile. Compelled by such business reality, organisations are forced to continuously adapt and digitally transform their business. The aim of this paper is to identify and systemise critical success factors of attaining purposeful digital transformation by means of a literature review. The paper details the results of the conducted theoretical research, which may serve organisations as guidelines on their challenging paths to digital transformation and assist them in avoiding potential traps and mitigating risks associated with inadequate application of digital technology.

scholarly journals PROBLEMS OF DEVELOPMENT OF DIGITAL ECONOMY IN THE CORPORATE BUSINESS ENVIRONMENT

2020 ◽  
Vol 4 (34) ◽  
pp. 91-100
Author(s):  
E.S. Gasanov ◽  
Keyword(s):  
Business Processes ◽  
Business Environment ◽  
Digital Economy ◽  
Digital Transformation ◽  
Business Community ◽  
Digital Inequality ◽  
The Road ◽  
Public Consciousness ◽  
On The Road ◽  
Corporate Business

The transition to digital space and the formation of a digital economy is a key priority for the development of the entire global community. The development of digital technologies has reached a stage when their mass and widespread use is causing revolutionary transformations in the world economy, from the organisation of business processes and management technologies to the destruction of the traditional economic model and the formation of a new technological pattern. It is the level of digitalisation that today determines the competitiveness of countries, and in the near future will be its main indicator. The business community faces a number of challenges on the road to digital transformation. In article, on the basis of studying and the analysis of publications of domestic and foreign authors, statistical and analytical reviews and researches of expert agencies and communities on questions of formation and development of digital economy, classification of problems of development of digital economy in the corporate environment of business according to which, the general and most serious group of the problems accompanying all information processes in a digital society is allocated is given. a group of specific problems inherent in the processes of digitalisation and digital transformation in Russia - the digital inequality between regions within the country, the technical and technological failure of our country in the area of ICT development, as a result of technological dependence on foreign solutions and the immaturity of public consciousness for fundamental changes in the economy and public life; a group of problems accompanying the development of the digital economy in the corporate business environment – this is, first and foremost, the provision of human resources for work in the corporate business environment. Prompt objective diagnosis of existing problems and their classification into groups can be the basis for further diagnostic and prognostic procedures and development of solutions to identified problems, the implementation of which will determine the success of the digital economy in the corporate business environment.

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