Strategic Development of Enterprises in the Conditions of Digitalization According to the Principles of Industry 4.0
Keywords:
Strategic development, digitalization, Industry 4.0, innovative development, competitiveness, enterprise
Abstract
The purpose of this study is to substantiate the principles of enterprises’ strategic development in the conditions of digitalization according to the principles of Industry 4.0, which is determined by such global trends as flexible automation, network integration and intelligent technologies and involves the introduction of Internet of things technology, digital ecosystems, big data analytics and complex information systems, which are represented by digital platforms, for managing business processes. The methodological basis of the study is a systematic approach, which makes it possible to systematically investigate the phenomena and processes occurring today in the world economy under the influence of digitalization. The application of the system approach methodology makes it possible to use general economic research methods, including: system-structural and logistic analysis, comparative analysis and generalization, graphic. The main provisions of Industry 4.0 were highlighted, which the company must comply with in its development in order to meet international standards. The phasing of the enterprise’ strategic development in the conditions of digitalization according to the principles of Industry 4.0 is proposed, which includes sixteen stages from the establishment of the mission to the control and evaluation of the enterprise's development strategy.
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References
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Chen, H. (2022). The impact of intellectual property protection on the development of digital economy and regional entrepreneurial activity: Evidence from small and medium enterprises. Front. Psychol., 13, 951696. https://doi.org/10.3389/fpsyg.2022.951696.
Đaković Radojičić, I., Raut, J., Mitrović Veljković, S., Dudić, B., Treľová, S., Vrhovac, V. (2022). Factors That Limit the Development of the Digital Entrepreneurial System in the Scale-Up Phase of the Enterprise Life Cycle. Mathematics, 10(9), 1606. https://doi.org/10.3390/math10091606.
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Frepoli, Cesare, Jarrett V., Robert P. Martin. (2022). Development of an enterprise digital platform for risk-informed design. PSAM 2022 Conference.
Information technology industry in Ukraine. https://businessviews.com.ua/ru/get_file/id/the -infographics-report-it-industry-of-ukraine- 2017-eng.pdf.
Innovation’s New World Order. https://www.strategy-business.com/feature/00370?gko=e606a.
Ivanova, N., Kublitska, O., Krupitsa, I., Dybchuk, L., Koval, K., & Hanieieva, T. (2021). Peculiarities of the E-commerce Development in the Conditions of Digital Economy. IJCSNS International Journal of Computer Science and Network Security, 21(12), 193-202. https://doi.org/10.22937/IJCSN S.2021.21.12.28.
Jie, Huang, Yixin, Shen, Jianjun, Chen, Ying, Zhou. (2022). Regional Digital Economy Development and Enterprise Productivity: A Study of the Chinese Yangtze River Delta. Regional Science Policy & Practice, 14(S2), 118-137. https://doi.org/10.1111/rsp3.12559.
Khrushch, N., Forkun, I., Kravchyk, Yu., Bordanova, L., Chenash, V. (2022). Trends and patterns of the impact of the economic potential implementation on the development of regions in the conditions of the creative economy formation. Management Theory and Studies for Rural Business and Infrastructure Development, 44(2), 159-166.
https://doi.org/10.15544/mts.2022.16.
Krykavskyy, Y., Pokhylchenko, O., Hayvanovych, N. (2019). Supply chain development drivers in industry 4.0 in Ukrainian enterprises. Oeconomia Copernicana, 10(2), 273–290. https://doi.org/10.24136/oc.2019.014.
Lingur, L., Martyniuk, O., Ivchenko, I., & Ivchenko, O. (2022). Creating a digital space of socially sustainable development for food enterprises. Eastern-European Journal of Enterprise Technologies, 4(13(118), 22–33. https://doi.org/10.15587/1729-4061.2022.263540.
Liu, H., Zhao, H. (2022). Upgrading models, evolutionary mechanisms and vertical cases of service-oriented manufacturing in SVC leading enterprises: Product-development and service-innovation for industry 4.0. Humanit Soc Sci Commun, 9, 387. https://doi.org/10.1057/s41599-022-01409-9.
Organisation for Economic Cooperation and Development (OECD) Small Businesses, Job Creation and Growth: Facts, Obstacles and Best Practices, Paris. https://www.oecd.org/cfe/smes/2090740.pdf.
Pohrebniak, A., Tkachenko, T., Arefieva, O., Karpenko, O., Chub, A. (2021). Formation of a Competitive Paradigm of Ensuring Economic Security of Industrial Enterprises in the Conditions of Formation of Circular Economy. IJCSNS International Journal of Computer Science and Network Security, 21(9), 118-124. https://doi.org/10.22937/IJCSN S.2021.21.9.16.
Pronchakov, Yu., Prokhorov O., Fedorovich O. (2022). Concept of High-Tech Enterprise Development Management in the Context of Digital Transformation. Computation, 10(7), 118. https://doi.org/10.3390/computation10070118.
Richnák, P., Fidlerová, H. (2022). Impact and Potential of Sustainable Development Goals in Dimension of the Technological Revolution Industry 4.0 within the Analysis of Industrial Enterprises. Energies,15, 3697. https://doi.org/10.3390/en15103697.
Saniuk, S., Graczyk, M., Saniuk, A. (2018). Opportunity for development of small and medium metallurgical enterprises within the concept industry 4.0. Proceedings 27th International Conference on Metallurgy and Materials (pp. 2074-2079).
Savin, S., Kravchyk, Yu., Dzhereliuk, Yu., Dyagileva, O., & Naboka, R. (2021). Management of the Processes on the Quality Provision of the Logistic Activity in the Context of Socio- Economic Interaction of Their Participants. IJCSNS International Journal of Computer Science and Network Security, 21(12), 45-52. https://doi.org/10.22937/IJCSN S.2021.21.12.7.
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The fourth industrial revolution. Target guidelines for the development of industrial technologies and innovations. Data from the World Economic Forum. (2019). https://www3.weforum.org/docs/WEF_%D0%A7%D0%B5%D1%82%D0%B2%D0%B5%D 1%80%D1%82%D0%B0%D1%8F_%D0%BF%D1%80%D0%BE%D0%BC%D1%8B%D1%88%D0%BB%D0%B5%D0%BD%D0%BD%D0%B0%D1%8F%20%D1%80%D0%B5%D0%B2
%D0%BE%D0%BB%D1%8E%D1%86%D0%B8%D1%8F.pdf.
Tulchynska, S., Vovk, O., Popelo, O., Saloid, S., Kostiunik, O. (2021). Innovation and investment strategies to intensify the potential modernization and to increase the competitiveness of microeconomic systems. IJCSNS International Journal of Computer Science and Network Security, 21(6), 161-168. https://doi.org/10.22937/IJCSN S.2021.21.6.22.
Vovk, O., Tulchynska, S., Popelo, O., Tulchinskiy, R., & Tkachenko, T. (2021). Economic and Mathematical Modeling of the Integration Impact of Modernization on Increasing the Enterprise Competitiveness. Management Theory and Studies for Rural Business and Infrastructure Development, 43(3), 383-389. https://doi.org/10.15544/mts.2021.35.
Waldemar, Jędrzejczyk. (2021). Needs of Competency in Industrial Enterprises in Industry 4.0 Development Perspective. In Industry 4.0 (pp. 172-186).
Yin, Shi, Dong, Tong, Li, Baizhou, Gao, Shuo. (2022). Developing a Conceptual Partner Selection Framework: Digital Green Innovation Management of Prefabricated Construction Enterprises for Sustainable Urban Development. Buildings, 12(6), 721. https://doi.org/10.3390/buildings12060721.
Zhou, Z., Liu, W., Cheng, P., Li, Z. (2022). The Impact of the Digital Economy on Enterprise Sustainable Development and Its Spatial-Temporal Evolution: An Empirical Analysis Based on Urban Panel Data in China. Sustainability, 14(19), 11948. https://doi.org/10.3390/su141911948.
Zhygalkevych, Zh., Vorzhakova, Yu., Koleshnya, Ya., Dergachova, A. (2022). Influence of the Digital Economy on the Innovative Development of Enterprises. 2022 IEEE 3rd International Conference on System Analysis & Intelligent Computing (SAIC), 22186081.
Published
2023-09-05
How to Cite
Vasyuchenko, P., Liubokhynets, L., Stelmashenko, O., Grytsenko, S., & Filipova, N. (2023). Strategic Development of Enterprises in the Conditions of Digitalization According to the Principles of Industry 4.0. Journal of the University of Zulia , 14(41), 625-642. https://doi.org/10.46925//rdluz.41.36
Section
Papers
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