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

DOI

10.2991/aebmr.k.201205.075How to use a DOI?

Keywords

institutional transformation strategy, typology of enterprise strategies, industrial complex, digital economy, digital transformation

Abstract

The article is devoted to the study of theoretical aspects of the strategy of transformation of industrial structures. The main scientific views on the essence of change strategies and enterprise development are analyzed. The content of the strategy of institutional transformations of industrial complexes in the digital economy is determined as a set of goals, plans, principles and measures that determine the logic and parameters of controlled changes in the organizational and economic model of the enterprise’s functioning in order to ensure its long-term competitiveness and adaptation to new market conditions. The general and distinctive elements of the transformation strategy, development strategy and growth strategy are highlighted. The level and place of the strategy of institutional transformations in the hierarchy and system of strategies of industrial complexes are determined. The recommended structure of goals and plans for the enterprise transformation strategy has been developed. Various types and kinds of change strategies classified by reputable domestic and foreign scientists have been investigated. The author’s typology of strategies for institutional transformation of industrial complexes in the digital economy is proposed and justified. It includes: 1) a strategy of advanced transformation; 2) a strategy for resolving contradictions; 3) a strategy of following the trend. The developed typology can be used by the management of industrial organizations when choosing a strategy for reforming companies.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - A.G. Boev
AU  - V.B. Kolesnikova
AU  - A.A. Kolodyazhnaya
PY  - 2020
DA  - 2020/12/07
TI  - Typology of Institutional Transformation Strategies of Industrial Complexes in the Digital Economy
BT  - Proceedings of the 2nd International Scientific and Practical Conference on Digital Economy (ISCDE 2020)
PB  - Atlantis Press
SP  - 447
EP  - 454
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.201205.075
DO  - 10.2991/aebmr.k.201205.075
ID  - Boev2020
ER  -