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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)
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    References listed on IDEAS

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    Cited by:

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    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. 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.
    5. Ding, Jiantao & Yin, Yingkai & Kuang, Jinsong & Ding, Dezhi & Madsen, Dag.Øivind & Yang, Kunyu, 2024. "The impact of enterprise digital transformation on financial mismatch: Empirical evidence from listed companies in China," Finance Research Letters, Elsevier, vol. 66(C).
    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. 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.
    8. 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.
    9. 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.
    10. 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.

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    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

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