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Implementability of a Process Approach to Strategic Management in the Conditions of Digitalization

In: Challenges and Solutions in the Digital Economy and Finance

Author

Listed:
  • Yuliya Ivanovna Rastova

    (St. Petersburg State University of Economics)

  • Marina Ivanovna Barabanova

    (St. Petersburg State University of Economics)

  • Mikhail Yurevich Makarov

    (St. Petersburg University of Management Technologies and Economics)

Abstract

The article describes a possible approach to solution of the problem of forming an information-logical structure of the strategic management of an organization based on the principles of the process approach. The methodological basis of the study is the concept that strategic tasks are best solved using framework templates for identifying, establishing, maintaining, controlling, and improving strategic management processes. As a result, the prerequisites for building simulation system-dynamic models based on business intelligence and big data analytics are formulated, which meets the demand for ways to transform complex data into sensitive, ready-to-use information and optimize strategic decision-making processes. It is proposed to reformat corporate reporting according to “the fivefold bottom line” principle, which, in addition to financial, social and environmental results, provides for the disclosure of data related to the loyalty of different categories of stakeholders and the organizational culture of the company. The article presents a model of the eco-environment and a cause-and-effect diagram of the strategic management process in a modern organization. The scientific novelty of the results obtained lies in the development of the strategic management theory in the context of the requirements for its process maturity. It is concluded that the models and tools of the process approach can best solve the problem of improving strategic management in a modern organization.

Suggested Citation

  • Yuliya Ivanovna Rastova & Marina Ivanovna Barabanova & Mikhail Yurevich Makarov, 2022. "Implementability of a Process Approach to Strategic Management in the Conditions of Digitalization," Springer Proceedings in Business and Economics, in: Anna Rumyantseva & Vladimir Plotnikov & Alexey Minin & Hod Anyigba (ed.), Challenges and Solutions in the Digital Economy and Finance, pages 47-56, Springer.
    • Handle: RePEc:spr:prbchp:978-3-031-14410-3_6
    DOI: 10.1007/978-3-031-14410-3_6
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