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Mechanism of formation of industrial enterprise development strategy in the information economy

Author

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  • Aleksy Kwilinski

    (The London Academy of Science and Business, London, UK)

Abstract

The article establishes that under the conditions of the information economy, industrial enterprises need a development strategy that takes into account the peculiarities of world changes in the spheres of production, marketing, management, etc. To solve this problem, a mechanism has been developed for forming a strategy for the development of an industrial enterprise in the information economy, based on the model of harmonization of specialized business processes with business process management, integration of management systems of specialized business processes into the general system of management of an industrial enterprise, as well as informatization and automation of business process management of the enterprise. Implementation of the developed mechanism into the practice of managing the development of an industrial enterprise provides an opportunity to increase its competitiveness, increase sales and reduce the cost of production

Suggested Citation

  • Aleksy Kwilinski, 2018. "Mechanism of formation of industrial enterprise development strategy in the information economy," Virtual Economics, The London Academy of Science and Business, vol. 1(1), pages 7-25, October.
    • Handle: RePEc:aid:journl:v:1:y:2018:i:1:p:7-25
    DOI: 10.34021/ve.2018.01.01(1)
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    File URL: https://virtual-economics.eu/index.php/VE/article/view/3/12
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    Citations

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    Cited by:

    1. Oleksii Lyulyov & Tetyana Pimonenko & Aleksy Kwilinski & Henryk Dzwigol & Mariola Dzwigol-Barosz & Vladyslav Pavlyk & Piotr Barosz, 2021. "The Impact of the Government Policy on the Energy Efficient Gap: The Evidence from Ukraine," Energies, MDPI, vol. 14(2), pages 1-13, January.
    2. Radosław Miśkiewicz, 2020. "Efficiency of Electricity Production Technology from Post-Process Gas Heat: Ecological, Economic and Social Benefits," Energies, MDPI, vol. 13(22), pages 1-15, November.
    3. Dahui Zhou & Svetlana Danshina & Anastasia Kurilova & Marcin Lis, 2021. "The Impact of an Enterprise’s Intellectualization on Its Leadership Potential," Sustainability, MDPI, vol. 13(17), pages 1-19, August.
    4. Hui Chu & Yuncai Ning & Xiaotong Qie, 2023. "Measurement and Spatial Correlation Analysis of the Development Level of the Digital Economy in the Yangtze River Delta Urban Agglomeration," Sustainability, MDPI, vol. 15(18), pages 1-16, September.
    5. Abdul Rehman & Magdalena Radulescu & Laura Mariana Cismaș & Cristian-Mihai Cismaș & Abbas Ali Chandio & Smaranda (Toma) Simoni, 2022. "Renewable Energy, Urbanization, Fossil Fuel Consumption, and Economic Growth Dilemma in Romania: Examining the Short- and Long-Term Impact," Energies, MDPI, vol. 15(19), pages 1-18, September.
    6. Yang Chen & Aleksy Kwilinski & Olena Chygryn & Oleksii Lyulyov & Tetyana Pimonenko, 2021. "The Green Competitiveness of Enterprises: Justifying the Quality Criteria of Digital Marketing Communication Channels," Sustainability, MDPI, vol. 13(24), pages 1-13, December.
    7. Oleksii Lyulyov & Ihor Vakulenko & Tetyana Pimonenko & Aleksy Kwilinski & Henryk Dzwigol & Mariola Dzwigol-Barosz, 2021. "Comprehensive Assessment of Smart Grids: Is There a Universal Approach?," Energies, MDPI, vol. 14(12), pages 1-26, June.
    8. Oleksandr Melnychenko, 2020. "Is Artificial Intelligence Ready to Assess an Enterprise’s Financial Security?," JRFM, MDPI, vol. 13(9), pages 1-19, August.

    More about this item

    Keywords

    Mechanism; strategy; development; industrial enterprise; information economy; business processes; management; automation;
    All these keywords.

    JEL classification:

    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • L69 - Industrial Organization - - Industry Studies: Manufacturing - - - Other
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading

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