Typology of Institutional Transformation Strategies of Industrial Complexes in the Digital Economy

Boev, A. G.; Kolesnikova, Victoriya B.; Kolodyazhnaya, A.A.

doi:10.2991/aebmr.k.201205.075

Cited by 1 publication

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“…G. B. Kleiner proposed his vision of an institution, describing it as "forma and informal norms that are relatively sustainable in relation to changes in the behaviou or interests of individual subjects and their groups, as well as formal and informal norm that continue to operate for a significant period of time". He addresses institutions as sys tems of norms regulating the decision making, activities, and interaction of socio-eco nomic entities (individuals and legal entities, or organizations) and their groups [11,12] "A full-fledged, integral and sustainably operating enterprise is, in a certain sense, a micro model of the state as a whole, and the overwhelming majority of socially significant norm form a projection onto the intra-firm or inter-firm space" [13]. Therefore, institutiona transformations are a complex and (in some situations) long-term process, within which the conditions are laid for growth and the innovative and sustainable development of the industrial complex under rapidly changing environmental conditions.…”

Section: Theoretical Analysis and Hypotheses Development 21 The Insti...mentioning

confidence: 99%

System Approach to the Process of Institutional Transformation for Industrial Integrations in the Digital Era

Tolstykh,

Shmeleva,

Boev

et al. 2024

Systems

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The digitalization of the high-tech economy is complicated due to several issues. One can mention non-synchrony and imbalance in the development of industrial enterprises and their integrations; changes in the elements and relations between enterprises and the external environment; as well as contradictions between the actors. Therefore, a new institutional system for industrial integrations needs to be formed. This article proposes a concept and scenario of the institutional change needed to bolster industrial integrations in the digital economy. The structural logic and algorithm of the process provides for the gradual progress through seven phases of institutional transformation. The authors have developed an institutional change management platform for strategic transformation, the core of which is a decision-making system. The platform supports the management of digital and material business processes of industrial integrations. The conceptual approach is based on a comparison of the life cycles of enterprises and their markets. The article proposes a methodology for assessing the readiness of industrial integrations to implement institutional change strategies using modified Shewhart control charts. The methodology is based on a two-criterion approach to the analysis of finances, production reserves, human resources, organizational structures, management technologies, corporate institutions, and a personnel motivation system. This approach allows determining the level of compliance of the resources available with the requirements of the transformation strategy implementation plan. The methodology has been tested at 14 enterprises functioning as industrial integration actors. According to the dynamics of the level of readiness to implement the transformation strategy, enterprises within the framework of industrial integrations are divided into three groups: enterprises with consistently high, medium, and low levels of readiness to implement the strategy.

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Section: Theoretical Analysis and Hypotheses Development 21 The Insti...mentioning

confidence: 99%

System Approach to the Process of Institutional Transformation for Industrial Integrations in the Digital Era

Tolstykh,

Shmeleva,

Boev

et al. 2024

Systems

View full text Add to dashboard Cite

show abstract

Typology of Institutional Transformation Strategies of Industrial Complexes in the Digital Economy

Cited by 1 publication

References 0 publications

System Approach to the Process of Institutional Transformation for Industrial Integrations in the Digital Era

System Approach to the Process of Institutional Transformation for Industrial Integrations in the Digital Era

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