Strategic Innovative Management and Sustainable Development of Industrial Enterprises

Introduction. Amidst the dynamic changes in the competitive environment, strategic management of innovative development is a decisive factor in ensuring the stability and sustainable development of industrial enterprises. Despite the importance of innovative development, many enterprises face problems implementing an effective innovation strategy and lacking an innovative culture due to successfully managing projects with a high share of research and development (R&D). Aim and tasks. This study aims to analyse the factors that influence the effectiveness of strategic management in the innovative development of industrial enterprises and to form a case for modelling business processes by assessing the cost component of R&D and its components. Results. The results of the study show that sustainable development of an industrial enterprise is possible under conditions of high-quality strategic management (“Technology Roadmapping” of industrial innovations and the “Open Innovation” model). The effectiveness of strategic management in the development of an industrial enterprise depends on factors such as the development of an innovation culture, investments in innovation processes, the ability of the enterprise to adapt, and the availability of information necessary for making strategic decisions. According to the results obtained in Ukraine, there is an increase in the volume of spending on scientific experiments and developments by 2.1% in 2022 compared to 2018, while spending on applied research increased by 35.3%, with a decrease in spending on scientific experimental developments by 13.1%. According to the results of calculating the correlation coefficient, it was found that there is a close relationship (0.913) between the cost of implementing innovations in production and the cost of R&D, which is the basis for coordinating the modelling of scientific and technical activities and business processes at the regional economy level. Conclusions. During this research, the features of creating a technological map of innovation at an industrial enterprise were considered, and the open innovation model was adapted to the operating conditions of an industrial enterprise. Considering that the innovative basis of industrial content is formed in different regions of Ukraine with different dynamics, a recommendation was made regarding using interregional cooperation tools to form economic models for the sustainable development of industrial enterprises.Introduction. Amidst the dynamic changes in the competitive environment, strategic management of innovative development is a decisive factor in ensuring the stability and sustainable development of industrial enterprises. Despite the importance of innovative development, many enterprises face problems implementing an effective innovation strategy and lacking an innovative culture due to successfully managing projects with a high share of research and development (R&D). Aim and tasks. This study aims to analyse the factors that influence the effectiveness of strategic management in the innovative development of industrial enterprises and to form a case for modelling business processes by assessing the cost component of R&D and its components. Results. The results of the study show that sustainable development of an industrial enterprise is possible under conditions of high-quality strategic management (“Technology Roadmapping” of industrial innovations and the “Open Innovation” model). The effectiveness of strategic management in the development of an industrial enterprise depends on factors such as the development of an innovation culture, investments in innovation processes, the ability of the enterprise to adapt, and the availability of information necessary for making strategic decisions. According to the results obtained in Ukraine, there is an increase in the volume of spending on scientific experiments and developments by 2.1% in 2022 compared to 2018, while spending on applied research increased by 35.3%, with a decrease in spending on scientific experimental developments by 13.1%. According to the results of calculating the correlation coefficient, it was found that there is a close relationship (0.913) between the cost of implementing innovations in production and the cost of R&D, which is the basis for coordinating the modelling of scientific and technical activities and business processes at the regional economy level. Conclusions. During this research, the features of creating a technological map of innovation at an industrial enterprise were considered, and the open innovation model was adapted to the operating conditions of an industrial enterprise. Considering that the innovative basis of industrial content is formed in different regions of Ukraine with different dynamics, a recommendation was made regarding using interregional cooperation tools to form economic models for the sustainable development of industrial enterprises

Organizational Context of Security Management: Implications for Information Systems

Introduction: In the context of an unprecedented intensification and structural complication of cyber threats, which increasingly manifest as full-scale attacks on organizational entities across diverse economic clusters, the exigency of formulating and implementing conceptually sound and technologically advanced paradigms of information security management has become irrefutable. Objective: The principal objective of this scholarly inquiry is the identification and systematic structuring of prevailing trends, as well as the analytical explication of the discursive features characterizing the implementation of innovative approaches to information security within the corporate domain.Methods: The methodological framework is grounded in a descriptive-analytical model, incorporating elements of methodological pluralism—particularly the confluence of deductive theoretical analysis of security governance paradigms and empirical reflection on secondary data pertinent to the state and specificities of such implementation.Results: The findings substantiate the premise that the persistent escalation in the complexity of cyber threats precipitates substantial reputational, economic, and operational risks, thereby compelling organizations to recalibrate their strategic posture towards integrative models of information security governance. The most adaptive to the volatile threat landscape are risk-based and holistic approaches. Moreover, regulatory transformations within the European legal framework concerning personal data protection function as a significant catalyst in the strategic reconfiguration of information security imperatives.Conclusions: The practical significance of this study lies in the critical generalization and systematization of the tendencies that shape the emerging epistemology of information security management in contemporary organizational structures

International tax competition as an element of the country’s marketing strategy

In the conditions of permanent capital outflow and business registration by residents in other jurisdictions, the issue of developing a country’s marketing strategies for doing business and identifying the most effective mechanisms for increasing international tax attractiveness is urgent. The prerequisite of these processes should be the determination of the level of international tax competitiveness followed by identifying the most significant factors of its growth. The purpose of the study is to assess the level of international tax competitiveness as an element of marketing strategies of Ukraine and some EU countries during 2011–2021. The methodological tools are correlation-regression analysis, the Fisher method, and the multiplicative convolution method. The paper assessed the level of international tax competitiveness as a comprehensive indicator that considers procedural, institutional, moral-ethical, and economic components. The calculations showed that the most competitive are the tax systems of Estonia, Latvia, Lithuania, Croatia, Finland, the Czech Republic, and Hungary. Based on hierarchical and non-hierarchical (k-means method) clustering, 3 clusters of regions were identified. For each of them, based on an analysis of the features of the tax system construction and the comparison of marginal and average values, the criteria for the identification of competing countries and those with common development trends were formed. This makes it possible to determine the most effective mechanisms for the implementation of marketing strategies reforming tax policy from the point of view of increasing its international tax attractiveness. AcknowledgmentThe study is funded by the EU NextGenerationEU through the Recovery and Resilience Plan for Slovakia under the project No. 09I03-03-V01-00042.The authors are grateful to the participants of projects “National security of Ukraine through the prevention of financial fraud and money laundering: war and post-war challenges” (2023–2025, state registration number: 0123U101945) and “De-shadowing and regulatory efficiency of environmental taxation: optimization modelling to ensure national security and rational use of nature” (2022–2024, registration number 0122U000777) for numerous discussions and comments

Financial strategy of management for marketing and communication design in smart economy conditions

The purpose of the study is to assess the effectiveness of a financial strategy for marketing and communication design management in a smart economy. It is noted that the solution to the problem of assessing the financial strategy of marketing and communication design management in a smart economy is important in shaping a new type of national economy based on technology, new knowledge and innovation. It is noted that the chosen topic of our study has hardly been analysed in the works of domestic and foreign scientists. In view of the above, we propose a methodology for assessing the financial strategy of marketing and communication design management in a smart economy. On the basis of multifactor linear regression, the study of the influence of smart economy factors on the level of profitability of enterprises as a resultant indicator of financial strategic management for the past ten years has been conducted. Using the tools of different types of mathematical-statistical modelling, the forecasting of the level of financial management efficiency for 2024-2026 has been calculated

Some Features of Social Structures and Institutions Transformation in the Digital Age

The paper examines the peculiarities of digitalization processes influence on the architecture of emerging socio-economic relations. The legal regulation issues of digital technologies and the shifts they cause in public life are considered. The relations arising in connection with the regulation of big data are compared. The evolution of big data into smart content is described. The phenomenon of the "digital twin" is considered, as well as its impact on the social sphere. The tendency to move away from the policy of direct prohibitions in the field of digital technologies and the transition to the control of physical entities (data centers) and the regulation of methods and approaches to data processing (algorithms) is shown. It is noted that the existing expectations from digitalization are overstated. At the same time, the increasing influence of digital technologies significantly changes the existing socio-economic landscape, generating new risks. The answer to these challenges should be the joint work of authorities, business, society and the expert community on the formation of digital culture. It is shown that an important aspect should be the development of expert systems that translate qualitative characteristics into quantitative indicators.</jats:p

Фінансове самооздоровлення банку в умовах воєнного стану

M. Dron: ORCID 0000-0001-9881-9521; A. Taranenko: ORCID 0000-0003-3857-4328ENG: The purpose of this study is to improve the development of directions for selfhealing of a bank under martial law. To achieve this goal, the author analyzes the main areas of recovery of a bank's activities in crisis conditions, namely: increasing the level of equity capital; additional financing; sale of assets; restructuring of liabilities. It is established that during the period of martial law, it is necessary to implement the Plan for Restoring Financial Stability in a Crisis, which was developed by the bank in advance. The purpose of this Plan is to develop measures in advance to support the bank's continuing operations in the event of a significant deterioration in its financial condition due to changes in internal and external environment factors. This plan should define in advance a set of options and tools for actions in various stressful situations, including martial law. In combination with other anti-crisis banking instruments, the areas of self-healing should be diverse and varied. It is noted that the assessment of the effectiveness of the bank's recovery areas should be carried out through the procedure of stress testing of the main banking risks: credit, liquidity and market. The authors identify the main criteria for successful self-healing of a bank under martial law: compliance by the bank with economic standards and internal restrictions; stopping the outflow of customer funds; creating a sufficient stock of liquid resources; achieving an optimal balance between assets and liabilities by maturity; no bank debt in fulfilling customer payment documents; full repayment of debt or reaching an agreement on debt restructuring to stakeholders; an increase in the share of standard loans; a steady trend toward improved financial results; the closure of unprofitable business lines. It is concluded that in 2022, the banking sector operated smoothly, maintained liquidity, and provided loans, although with due regard to the peculiarities of wartime. This was made possible by identifying areas of self-healing for banks, as well as sector reforms carried out in previous years by the national regulator.UKR: Метою даного дослідження є удосконалення розробці напрямів самооздоровлення банку в умовах воєнного стану. Для досягнення поставленої мети було проаналізовано основні напрями відновлення діяльності банку в кризових умовах, а саме: підвищення рівня власного капіталу; додаткове фінансування; продаж активів; реструктуризація зобов’язань. Встановлено, що в період воєнного стану необхідно впроваджувати заздалегідь сформований банком План відновлення фінансової стійкості в умовах кризи. Мета цього Плану полягає у завчасній розробці заходів щодо підтримки безперервної діяльності банку у разі суттєвого погіршення його фінансового стану через зміну чинників внутрішнього та зовнішнього середовища. Цей план повинен заздалегідь визначити набір варіантів та інструментів щодо дій у різних стресових ситуаціях, у тому числі у випадку воєнного стану. У поєднанні з іншими антикризовими банківськими інструментами напрямки самооздоровлення повинні бути різноманітними та різноплановими Зазначено, що оцінка ефективності напрямів відновлення діяльності банку має здійснюватися за допомогою процедури стрес-тестування основних банківських ризиків: кредитний, ліквідності та ринковий. Авторами виокремлено основні критерії успішного самооздоровлення банку в умовах воєнного стану: дотримання банком економічних нормативів і внутрішніх обмежень; припинення відтоку коштів клієнтів; створення достатнього запасу ліквідних ресурсів; досягнення оптимального балансу між активами і зобов’язаннями за строками; відсутність заборгованості банку у виконанні платіжних документів клієнтів; повне погашення боргу або досягнення домовленості про реструктуризацію заборгованості перед стейкхолдерами; збільшення частки стандартних кредитів; стійка тенденція до покращення фінансового результату; закриття нерентабельних бізнеснапрямів. Зроблено висновок, що упродовж 2022 року банківський сектор працював безперебійно, зберігав ліквідність та здійснював кредитування, хоча і з урахуванням особливостей воєнного часу. Це стало можливим завдяки визначенню напрямків самооздоровлення банків, а також реформам сектору, проведеним у попередні роки національним регулятором

Social Aspects of Big Data Technology Implementation

Big Data is supposed to be one of the main traits of new coming digital era. Its technological aspects are usually widely discussed, whereas social peculiarities are mostly neglected. We present main approaches to Big Data, and argue that despite seeming revolutionary technology, Big Data can be treated as a new tool to produce knowledge. That means, it generates the same risks and challenges as other breakthroughs we witnessed previously. To our viewpoint, cultural aspects should be as counted as a main issue in Big Data implementation. Since the inability to control big data through prohibiting some peculiar features it possesses, we argue that one should focus on such practical steps as terminology improvements, and the evaluation of societal outcomes of the new technology.</jats:p

Концепція формування системи управління змінами в сфері залізничних пасажирських перевезень України в умовах війни

The object of research is railroad passenger transportation. The subject of research is a change management system. The problem to be solved is to improve the efficiency of railroad transport enterprises in the field of passenger transportation by introducing a change management system. In the study, the concept of the formation of a change management system in the field of passenger transportation of railroad transport in Ukraine under wartime conditions was devised. Since the conditions of war refer to a variety of emergencies, the concept of "emergency situation", its types, characteristics, and signs that describe its existence are considered. The conditions of emergencies are defined. The properties of total and hybrid war affect the fundamental features of the state management of railroad passenger transport in Ukraine, the work of state departments and railroad passenger transport management enterprises. Taking into account the peculiarities of each type of war and the principles of the state, a system of interconnection of the features and principles of the state management of railroad passenger transportation with possible aggressive changes under wartime conditions was built. Such a system is the core of the devised concept of formation and modeling a change management system in the field of railroad passenger transportation in Ukraine under war conditions. Within the framework of the concept, a strategy is formed – a set of actions during an emergency of a military nature. Based on this concept, in the future, it is possible to construct stages of research, the existence of which could make it possible to build a model of the concept, namely the processes of forming a system of changesОб’єкт дослідження – залізничні пасажирські перевезення. Предмет дослідження – система управління змінами. Проблема, що вирішувалася, – підвищення ефективності діяльності підприємств залізничного транспорту в сфері пасажирських перевезень за допомогою запровадження системи управління змінами. У представленому дослідженні розроблена концепція формування системи управління змінами у сфері пасажирських перевезень залізничного транспорту України в умовах війни. Оскільки умови війни відносяться до різновиду надзвичайних ситуацій, розглядається поняття «надзвичайна ситуація», її види, характеристика та ознаки, які описують її існування. Визначаються умови надзвичайних ситуацій. Властивості тотальної та гібридної війни впливають на принципові особливості державного управління залізничними пасажирськими перевезеннями в Україні, роботу державних відомчих органів та підприємств управління залізничними пасажирськими перевезеннями. Враховуючи особливості кожного різновиду війни та принципи державного сформована система взаємозв’язку особливостей та принципів державного управління залізничними пасажирськими перевезеннями з можливими агресивними змінами в умовах війни. Така система є стрижнем розробленої концепції формування і моделювання системи управління змінами в сфері залізничних пасажирських перевезень в Україні за умов війни. В рамках відзначеної концепції формується стратегія – комплекс дій під час надзвичайної ситуації воєнного характеру. На основі цієї концепції у подальшому можна сформувати етапи дослідження, існування яких дозволить побудувати модель концепції, а саме процесів формування системи змі