IDEAS home Printed from https://ideas.repec.org/a/ssi/jouesi/v7y2020i3p2255-2270.html
   My bibliography  Save this article

Peculiarities of sustainable development of enterprises in the context of digital transformation

Author

Listed:
  • Kateryna Andriushchenko

    (Kyiv National Economic University named after Vadym Hetman, Ukraine)

  • Andrii Buriachenko

    (Kyiv National Economic University named after Vadym Hetman, Ukraine)

  • Olexandr Rozhko

    (Taras Shevchenko National University of Kyiv, Ukraine)

  • Oksana Lavruk

    (State Agrarian and Engineering University in Podilia, Ukraine)

  • Pavel Skok

    (State University of Infrastructure and Technology, Ukraine)

  • Yaroslava Hlushchenko

    (National Technical University of Ukraine "Igor Sikorsky Kyiv Polytechnic Institute", Ukraine)

  • Yelyzaveta Muzychka

    (National University of Food Technologies, Ukraine)

  • Nataliia Slavina

    (State Agrarian and Engineering University in Podilia, Ukraine)

  • Olena Buchynska

    (Kyiv National Economic University named after Vadym Hetman, Ukraine)

  • Viktoriia Kondarevych

    (Kyiv National Economic University named after Vadym Hetman, Ukraine)

Abstract

The key elements that contribute to the digital transformation of the enterprise in the context of the cross-industrial paradigm are outlined. On the basis of the proposed elements (development factor, rate of development, quality change density, multiplication factor), and by means of mathematical modelling, the effect of capturing the digital transformation of the enterprise in the bifurcation points is calculated. The totality of the presented developments allows us to predict the development and minimization of risks associated with digital transformation in the enterprise with all the ensuing consequences (stability, dynamics, transformation and forecast of its development vectors) and conclude that with the improvement of the quality of digital transformation, the efficiency of functioning of any production increases, i.e. an increase in quality by digital transformation by n times accompanies an increase in production efficiency by at least n times.This allows to minimize risks and predict enterprise activity taking into account the vector of its development — digital transformation. Under conditions of uncertainty, the use of the model will ensure the quality of the digital transformation of the enterprise from any level of development of companies.

Suggested Citation

  • Kateryna Andriushchenko & Andrii Buriachenko & Olexandr Rozhko & Oksana Lavruk & Pavel Skok & Yaroslava Hlushchenko & Yelyzaveta Muzychka & Nataliia Slavina & Olena Buchynska & Viktoriia Kondarevych, 2020. "Peculiarities of sustainable development of enterprises in the context of digital transformation," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(3), pages 2255-2270, March.
    • Handle: RePEc:ssi:jouesi:v:7:y:2020:i:3:p:2255-2270
    DOI: 10.9770/jesi.2020.7.3(53)
    as

    Download full text from publisher

    File URL: https://jssidoi.org/jesi/uploads/articles/27/Andriushchenko_Peculiarities_of_sustainable_development_of_enterprises_in_the_context_of_digital_transformation.pdf
    Download Restriction: no
    File URL: https://jssidoi.org/jesi/article/519
    Download Restriction: no
    File URL: https://libkey.io/10.9770/jesi.2020.7.3(53)?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Yerkenazym Orynbassarova & Ergaly Abzalbek & Tatyana Pritvorova & Yelena Petrenko, 2019. "Regional and product profile of post-industrial services in the economy of Kazakhstan," Post-Print hal-02342720, HAL.
    2. Yelena Petrenko & Elena Vechkinzova & Viktor Antonov, 2019. "Transition from the industrial clusters to the smart specialization: a case study," Post-Print hal-02163010, HAL.
    3. Rafail Prodani & Jozef Bushati & Aigars Andersons, 2019. "An assessment of impact of information and communication technology in enterprızes of Korça region," Post-Print hal-02342717, HAL.
    4. Yerkenazym Orynbassarova & Ergaly Abzalbek & Tatyana Pritvorova & Yelena Petrenko, 2019. "Regional and product profile of post-industrial services in the economy of Kazakhstan," Insights into Regional Development, VsI Entrepreneurship and Sustainability Center, vol. 1(4), pages 343-355, December.
    5. Emily Henriette & Mondher Feki & Imed Boughzala, 2015. "The shape of digital transformation : a systematic literature review," Grenoble Ecole de Management (Post-Print) hal-02387019, HAL.
    6. Emily Henriette & Mondher Feki & Imed Boughzala, 2015. "The shape of digital transformation : a systematic literature review," Post-Print hal-02387019, HAL.
    7. David J. Teece & Gary Pisano & Amy Shuen, 1997. "Dynamic capabilities and strategic management," Strategic Management Journal, Wiley Blackwell, vol. 18(7), pages 509-533, August.
    8. Yelena Petrenko & Elena Vechkinzova & Viktor Antonov, 2019. "Transition from the industrial clusters to the smart specialization: a case study," Insights into Regional Development, VsI Entrepreneurship and Sustainability Center, vol. 1(2), pages 118-128, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Guandalini, Ilaria, 2022. "Sustainability through digital transformation: A systematic literature review for research guidance," Journal of Business Research, Elsevier, vol. 148(C), pages 456-471.
    2. Pan, Xiongfeng & Wang, Yuqing & Zhang, Chengming & Shen, Zhiyang & Song, Malin, 2023. "The impact of platform economy on enterprise value mediated by technological innovation," Journal of Business Research, Elsevier, vol. 165(C).
    3. Maria José Sá & Sandro Serpa, 2020. "The COVID-19 Pandemic as an Opportunity to Foster the Sustainable Development of Teaching in Higher Education," Sustainability, MDPI, vol. 12(20), pages 1-16, October.
    4. Kateryna Andriushchenko & Vitalii Tkachuk & Vitalii Lavruk & Vita Kovtun & Oleksandr Datsii & Ganna Ortina & Helena Petukhova, 2021. "Management of the Process of Formation of Financial and Credit Infrastructure to Support Agricultural Enterprises," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 12(1), pages 137-143, January.
    5. Emil Velinov & Yelena Petrenko & Elena Vechkinzova & Igor Denisov & Luis Ochoa Siguencia & Zofia Gródek-Szostak, 2020. "“Leaky Bucket” of Kazakhstan’s Power Grid: Losses and Inefficient Distribution of Electric Power," Energies, MDPI, vol. 13(11), pages 1-19, June.
    6. Du, Juntao & Shen, Zhiyang & Song, Malin & Zhang, Linda, 2023. "Nexus between digital transformation and energy technology innovation: An empirical test of A-share listed enterprises," Energy Economics, Elsevier, vol. 120(C).
    7. Mihaela Simionescu & Wadim Strielkowski & Manuela Tvaronavičienė, 2020. "Renewable Energy in Final Energy Consumption and Income in the EU-28 Countries," Energies, MDPI, vol. 13(9), pages 1-18, May.
    8. Zamula, Iryna & Prodanchuk, Mykhailo & Kovalchuk, Tatiana & Mуhalkiv, Alla & Simakov, Kostiantyn, 2020. "Engineering of business processes in accounting support of cash management," Agricultural and Resource Economics: International Scientific E-Journal, Agricultural and Resource Economics: International Scientific E-Journal, vol. 6(3), September.
    9. Jacek Woźniak & Wioletta Sylwia Wereda, 2023. "Shaping Frugal Innovation Processes, and Ensuring Security and Sustainable Development of Enterprises in the Environment," Sustainability, MDPI, vol. 15(4), pages 1-22, February.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Elena Vechkinzova & Yelena Petrenko & Yana S. Matkovskaya & Gaukhar Koshebayeva, 2021. "The Dilemma of Long-Term Development of the Electric Power Industry in Kazakhstan," Energies, MDPI, vol. 14(9), pages 1-21, April.
    2. Imed Boughzala & Nesrine Ben Yahia & Narjès Bellamine Ben Saoud & Wissem Eljaoued, 2022. "Shape it better than skip it: mapping the territory of quantum computing and its transformative potential," Post-Print hal-03825319, HAL.
    3. Vladislav Olegovych Gerasimov & Rustam Ilfarovich Sharafutdinov & Rustam Ilfarovich Sharafutdinov & Vladimir Vladimirovich Kolmakov & Elmira Arsenovna Erzinkyan & Aleksandr Alexandrovich Adamenko & An, 2019. "Control in the human capital management system in the strategy of innovative development of a region," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(2), pages 1074-1088, December.
    4. Marija Jović & Edvard Tijan & Doroteja Vidmar & Andreja Pucihar, 2022. "Factors of Digital Transformation in the Maritime Transport Sector," Sustainability, MDPI, vol. 14(15), pages 1-18, August.
    5. Ludvík Eger, 2022. "The demands on competencies for digital transformation and the perception of business students," International Journal of Teaching and Education, European Research Center, vol. 10(1), pages 10-26, April.
    6. César Torres Martín & Christian Acal & Mohammed El Homrani & Ángel Custodio Mingorance Estrada, 2021. "Impact on the Virtual Learning Environment Due to COVID-19," Sustainability, MDPI, vol. 13(2), pages 1-16, January.
    7. Amin, Adnan & Shah, Babar & Khattak, Asad Masood & Lopes Moreira, Fernando Joaquim & Ali, Gohar & Rocha, Alvaro & Anwar, Sajid, 2019. "Cross-company customer churn prediction in telecommunication: A comparison of data transformation methods," International Journal of Information Management, Elsevier, vol. 46(C), pages 304-319.
    8. Francisco Javier Forcadell & Elisa Aracil & Fernando Ubeda, 2020. "Using reputation for corporate sustainability to tackle banks digitalization challenges," Business Strategy and the Environment, Wiley Blackwell, vol. 29(6), pages 2181-2193, September.
    9. John Levesque & Cédric Dalmasso & Sophie Hooge, 2022. "Understanding the Impacts of Digital Transformation in the Service Industry: the Mutation of the Back-Office Function in the Insurance Sector," Post-Print hal-04068150, HAL.
    10. Gong, Cheng & Ribiere, Vincent, 2021. "Developing a unified definition of digital transformation," Technovation, Elsevier, vol. 102(C).
    11. Prakriti Ghimire, 2021. "Digitalization Of Indigenous Knowledge In Nepal – Review Article," Acta Informatica Malaysia (AIM), Zibeline International Publishing, vol. 5(2), pages 42-47, August.
    12. Ahmad Fathi Alheet & Yacoub Hamdan, 2020. "Evaluating innovation-driven economic growth: a case of Jordan," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(3), pages 1790-1802, March.
    13. Somayeh Kariman, 2021. "Usage and Knowledge of Technological Advances in a Multi-Cultural Country: The Level of Digitalisation in the UAE, Dubai," Theory Methodology Practice (TMP), Faculty of Economics, University of Miskolc, vol. 17(01), pages 43-51.
    14. Tijan, Edvard & Jović, Marija & Aksentijević, Saša & Pucihar, Andreja, 2021. "Digital transformation in the maritime transport sector," Technological Forecasting and Social Change, Elsevier, vol. 170(C).
    15. Tommaso Agasisti & Federico Frattini & Mara Soncin, 2020. "Digital Innovation in Times of Emergency: Reactions from a School of Management in Italy," Sustainability, MDPI, vol. 12(24), pages 1-17, December.
    16. Scuotto, V & Nicotra, M. & Del Giudice, M. & Krueger, N. & Gregori, G.L., 2021. "A microfoundational perspective on SMEs’ growth in the digital transformation era," Journal of Business Research, Elsevier, vol. 129(C), pages 382-392.
    17. Kupi, Maximilian, 2020. "Late to the Party? Agile Methods in British and German Government Institutions," SocArXiv 3j4sh, Center for Open Science.
    18. Zarqa Shaheen Ali & Jiachen Song, 2022. "Digital Platforms and Real Estate Industry during COVID-19," International Real Estate Review, Global Social Science Institute, vol. 25(4), pages 499-523.
    19. Alexandr Nikolaevich Dunets & Igor Borisovich Vakhrushev & Maria Gennadievna Sukhova & Maxim Sergeevich Sokolov & Kseniya Mihajlovna Utkina & Rustem Adamovich Shichiyakh, 2019. "Selection of strategic priorities for sustainable development of tourism in a mountain region: concentration of tourist infrastructure or nature-oriented tourism," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(2), pages 1217-1229, December.
    20. Jolanta Brodowska-Szewczuk, 2019. "Determinants of the development of enterprises’ innovativeness in the aspect of competitiveness of the economy," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(2), pages 1279-1295, December.

    More about this item

    Keywords

    digital transformation of the enterprise; sustainable development; reduction of risks of transfusion; bifurcation points; digital technologies; cross-industrial paradigm; Internet of Things;
    All these keywords.

    JEL classification:

    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ssi:jouesi:v:7:y:2020:i:3:p:2255-2270. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Manuela Tvaronaviciene (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.