Khadzhynova, Olena

This article is dedicated to the study of the features of business process (BP) transformation in industrial corporations within the context of the digital economy. The purpose of the publication is to explore how corporations in the industrial production sector utilize management tools oriented toward process-based activities that meet consumer demand within their strategic business units. The research presents a definition and a generalized model of the digital economy, identifying the place of components and functional segments of integrated business information systems in Industry 4.0 industrial corporations. The study examines the parallel formation of value for both real and digital products in the context of business process digitization in corporate activities, alongside the content and specifics of information support throughout the stages of order processing that generate value in goods and services considered valuable to customers. Business processes in industrial enterprises are defined as a sequence of logically connected actions performed over a certain period within a specified space, aimed at creating goods or services with the goal of achieving an optimal economic outcome from subsequent sales. The study argues that progress in using BPs is achieved when, over time, the value added by their input is maximized. The article discusses means of optimizing BPs by breaking them down into a sequence of subprocesses, determining the chronological order of operations/subprocesses, visualization, and workflow schematics. It outlines the directions for BP transformation in the digital economy, extending requirements for proper procedure execution in identification, structuring, visualization, implementation, and control. Additional distinct requirements for digital BPs are formulated: operational efficiency, system accessibility, execution speed, confidentiality, a focus on quality service, and increased customer loyalty. BP transformations are viewed as drivers of competitive advantage in market competition, achievable through the technical enhancement of execution platforms, the involvement of artificial intelligence in BP execution, autonomous robotic systems, gaining new knowledge from processing large datasets, and the intellectualization of communication networks.

The energy security of the EU is a current issue for all member countries. The EU’s energy policy aims for diversification of energy resources and energy independence. After 2022, this issue has worsened. The article analyzes the main risks to the energy security of EU countries and industries located in these countries. The dynamics of energy consumption by different sectors of the EU economy are considered and the impact of changes in the energy sector on the economic security of businesses is evaluated. Approaches to modeling the impact of transformations in the energy sector on the economic security of businesses are discussed. A simulation model of a three-sector energy market has been developed. The driver of changes in the model is the minimization of carbon emissions. Experiments were conducted to simulate the development of the energy market from 2012 to 2052. Digital modeling showed that in a case of “gas blackmail” the most probable scenario means increasing of dirty energy sources with high carbon emission.

Economic security of the EU energy is an urgent problem for all countries. The energy policy of the EU aims to diversify energy resources and achieve energy independence. However, after 2022, this issue has become more pressing. The paper also examines the dynamics of energy consumption by various countries and sectors of the economy and evaluates the impact of changes in the energy sector structure on the economic security of enterprises. The paper offers suggestions for improving the EU energy policy to ensure enterprise economic security. The paper also considers the dynamics of energy consumption by various sectors of the economy and assesses the impact of changes in the energy sector structure on the economic security of enterprises.

The article deals with issues related to the creation of digital mechanisms for managing the priorities of goals in enterprises in the context of inter-goal conflicts. A system-dynamic model of a system for forming and serving a queue of goals has been developed and it has been shown that with an average load of such a system, even at 90%, large delays in the execution of goals are already observed. It is also shown that the introduction of a feedback mechanism through goal priority management can significantly increase the effectiveness of the goal setting system.The concept of goal priority is proposed as a complex parameter consisting of 10 components that form the static, dynamic and purchase parts of the priority. A digital mechanism for the formation and management of enterprise priorities is proposed.The obtained results make it possible to increase the economic security of the enterprise due to better coordination of strategic, operational and tactical goals, as well as to accelerate management processes and increase their transparency.

The article explores the relationship between economic security and the dynamics of waste processing among various groups in EU countries. The analysis of waste processing dynamics among EU countries was conducted both from the perspective of the type of processing (Energy recovery, Recycling) and from the perspective of the type of waste generation (recyclable wastes, mixed ordinary wastes, animal and mixed food waste, chemical and medical wastes). In addition, significant attention was paid to determining the relationship between the level of economic development and waste processing nationally among different EU countries. Using regression models, the magnitude of the average marginal impact of the level of economic growth on waste processing volumes among EU countries was determined.

This article is dedicated to the study of network viability, the abilities of the entrepreneurial structure, and an analysis of interfirm interactions in the context of the digitalization of the economy. The key goal is to develop a network solvency model as a methodological basis for the most complete assessment of the capabilities of the entrepreneurial structure for effective interaction in an entrepreneurial network in the context of the digitalization of the economy. The theoretical basis of the model was the work of representatives of institutional economic theory, the resource approach, economic sociology, etc. The object of the study was the set of intercompany relations in the business network in the context of the digitalization of economic activity. The subject of the study is the economic relations between business structures regarding the formation and development of inter-firm relations in a network association. The logical and system methods of analysis were used alongside the methods of statistical analysis and expert assessments. The specifics of the problem of determining the factors that affect the ability of economic entities to build effective long-term intercompany interactions in the context of the development of the digital economy determined the structure of the study. It was necessary to analyze approaches to assessing intercompany interactions in a business network in order to identify a number of features and systematize the factors that affect the effectiveness of such interactions. The research algorithm included the following stages: the study of scientific research reflected in the periodical press on the trends in the development of the digital economy; the identification of factors affecting inter-company interactions in the business network in the digital economy; the formation of the authors’ vision of the network viability of economic entities in the digital economy; and the identification and evaluation of the parameters of the network viability of economic entities in the digital economy. The developed model of network consistency is based on the analysis of the space of factors from the standpoint of the relationships between three structural elements that have an indicative, connecting and affirming effect on the development of inter-company interactions in the context of digitalization of economic activity. The pointing element is formed by the resource characteristics of the participants in intercompany interactions, the connecting element is aimed at the competent management of emerging relationships, and the resulting element reflects the synergistic effects that appear as a result of strengthening the interactions of economic entities in the business network.

Ukraine had had its ups and downs in recent years. It has, for example, dramatically improved its ease of doing business (EOBB), and it has made some progress reducing the relative size and influence of its shadow economy (Shadow). But, the Russian invasion of 2014 (Conflict) forced it to take a few developmental steps backwards. In this paper, we consider the effect of these factors, positive and negative, on the number of mergers and acquisitions, involving Ukrainian firms. We construct a sample of 4030 acquisitions in the period 1 January 2000–31 December 2020. Our results suggest that while the number of acquisitions by domestic firms increases in efficiency (+EOBB), transparency (−Shadow) and peace (−Conflict), the number of foreign acquisitions increases in bureaucracy (−EOBB), in informality (+Shadow), and unrest (+Conflict). From an academic perspective, our findings fit with some recent work, while providing new insights too. From a policy perspective, our findings that the number of foreign acquisitions is negatively affected by Ukraine’s attempts to modernize and improve its economy and is positively affected by the ongoing conflict with Russia, makes us wonders what type of ‘false friends’ make such investments.

The authors propose an integral indicator of the economic security of a country, based on a study of economic, social, political and environmental indicators of security of 28 European Union countries. The study used panel regression methods, correlation analysis, nonlinear approximation, graphical methods. The research results make it possible to explain up to 58% of the variations in the studied indicators. The calculated values of the integral indicator of economic security correspond to empirical data. The indicator proposed by authors comprehensively characterizes the current state of the country’s economic security in the economic, social, political and environmental spheres. This indicator makes it possible to determine the level and disproportions of the country’s development and can become the basis for the formation of directions for ensuring its economic security.

The article considers possible ways to reveal the impact of digital transformation on the economic security of companies. The analysis of theoretical and methodological approaches to the disclosure of the economic essence of economic security of the enterprise in a turbulent environment and digitalization of the economy has identified six vectors of modern scientific achievements on the economic security of the enterprise. The purpose of the study summarize theoretical studies of economic security, analyze and describe digital transformations, perform an assessment of the impact of digital transformations on the economic security of enterprises. It is determined that the development of the modern system of economic security of enterprises consists in its adaptation to application in the conditions of digital transformations. The theoretical basis of formation of the adapted system of economic safety of the enterprise is formed, the basic principles of adaptation are formulated; the main stages of adaptation are highlighted; a structured model of the adapted system of economic security of digital transformations of enterprises is developed.