The role of digitalization in the development of socio-economic systems

Abstract

The digitalization of the economy and the transformation of socio-economic processes corresponding to these changes presupposes an increase in innovative activity in the regions. The problem of introducing digital technologies into the processes of socio-economic systems is the use of ineffective incentive tools. To solve this problem, it is necessary to study the functioning of socio-economic systems, in particular, the interaction of participants in the innovation infrastructure within the framework of digitalization. The digital economy sets the vector along which socio-economic systems of micro, meso, macro levels will develop in the long term, which necessitates research and a comprehensive analysis of digital transformation processes.

Innovative Management Strategies in Contemporary Organizations: A Review: Analyzing the Evolution and Impact of Modern Management Practices, With an Emphasis on Leadership, Organizational Culture, and Change Management

“…The characteristics of an innovative organizational culture, such as risktaking and employee participation, are crucial for fostering innovation. Arsakaev and Khatsieva (2021) emphasize the importance of organizational culture in shaping the innovation space, particularly in the context of transformational processes. They argue that fostering an organizational culture conducive to innovation is crucial for transforming socioeconomic systems.…”