Open Access
Peculiarities of strategic activity of corporations in the conditions of digital economy
Author(s) -
Левчаев Петр Александрович,
Хезазна Бадар
Publication year - 2021
Publication title -
finansy i upravlenie
Language(s) - English
Resource type - Journals
ISSN - 2409-7802
DOI - 10.25136/2409-7802.2021.1.30823
Subject(s) - digital economy , business , context (archaeology) , process (computing) , industrial organization , process management , knowledge management , economic system , economics , computer science , paleontology , world wide web , biology , operating system
This article examines the processes of formation of financial strategy within the system of corporate management in the conditions of digitalization. Implementation of digital technologies in all spheres of life opens new opportunities for socioeconomic development of the companies. In the nearest future, scientific research in the sphere of digital economy will be especially relevant due to heightened risk of being in arrears of global trends. Rapid changes taking place in engineering, technology, and organization of production increase the importance of corporate financial management. The digital age changes the traditional models of sectoral markets, enhances competitiveness between the participants of economic processes. The theoretical and methodological framework of this research contains the works of economists on the problems of finances, financial management, and planning. The subject of this research is the combination of economic, organizational and management relations developed in the process of strategic activity of corporations in the conditions of digital economy. Enterprises that are adapted to modern economic conditions set new priorities in the process of formation of management models: the role of fixed assets decreases, while intangible assets and information become the key business engines. The effectiveness of management decisions, and thus, the effective functioning of the enterprise overall depends on the availability of accurate, timely and exhaustive information. Prompt responsiveness to the changes of external environment is the primary factor for ensuring effective management of the economic entity. The novelty of this research lies consists in the original concept of corporate financial strategic planning in digital economy in the context of the corporate management system of the industrial enterprise.