Mechanism of formation of industrial enterprise development strategy in the information economy

Keywords: mechanism, strategy, development, industrial enterprise, information economy, business processes, management, automation


The article establishes that under the conditions of the information economy, industrial enterprises need a development strategy that takes into account the peculiarities of world changes in the spheres of production, marketing, management, etc. To solve this problem, a mechanism has been developed for forming a strategy for the development of an industrial enterprise in the information economy, based on the model of harmonization of specialized business processes with business process management, integration of management systems of specialized business processes into the general system of management of an industrial enterprise, as well as informatization and automation of business process management of the enterprise. Implementation of the developed mechanism into the practice of managing the development of an industrial enterprise provides an opportunity to increase its competitiveness, increase sales and reduce the cost of production.


Download data is not yet available.


Arrow, K. J. (1999). Information and the organization of industry. In G. Chichilnisky (Ed.), markets, information, and uncertainty, (pp. 16-25). Cambridge, UK: Cambrige University Press.

Aumann, R. J., & Heifetz, A. (2002). Incomplete information. Handbook of game theory with economic applications, 3, 1665-1686.

Bagheri, A., & Hjorth, P. (2007). Planning for sustainable development: a paradigm shift towards a process‐based approach. Sustainable development, 15(2), 83-96.

Brynjolfsson, E., & Saunders, A., (2009). Wired for Innovation: How information technology is reshaping the economy. MIT Press.

Douma, S., & Schreuder, H. (2013). Economic approaches to organizations. 5th edition. Harlow, UK: Pearson.

Elsner, W., Heinrich, T., & Schwardt, H. (2015). The Information Economy and the Open-Source Principle. The Microeconomics of Complex Economies. Evolutionary, Institutional, and Complexity Perspectives, (pp. 451-471). Elsevier Inc.

Hroznyi, I., Kuzmak, O, Kuzmak, O., & Rusinova O. (2018). Modeling management of diversification of foreign economic interactions. Problems and Perspectives in Management, 16(1), 155-165.

Information economy strategy. Industrial Strategy: government and industry in partnership. (2013, June). ads/attachment

Information economy report. (2017). UNSTAD.

Kwilinski, A. (2018). Mechanism for assessing the competitiveness of an industrial enterprise in the information economy. Research Papers in Economics and Finance, 3(1), 7-16.

Lakhno, V., Malyukov, V., Bochulia, T., Hipters, Z., Kwilinski, A., & Tomashevska, O. (2018). Model of Managing of the Procedure of Mutual Financial Investing in Information Technologies and Smart City. International Journal of Civil Engineering and Technology, 9(8), 1802–1812. _09_08_181/IJCIET_09_08_181.pdf

Lacy, P., Cooper, T., Hayward, R., & Neuberger. (2010). A new era of sustainability: UN Global Compact-Accenture CEO study. New York: UN Global Compact-Accenture.

Lippman, S. S., & McCall, J. J. (2015). Information, Economics of. In J. D. Wright (Ed.), International Encyclopedia of the Social & Behavioral Sciences, (100-105). Elsevier.

Lobov, S.P. (2014). Components of the economic effect of using corporate information systems at the enterprises of the mining and metallurgical complex. Economic Bulletin of the National Mining University, 2, 60-68 (in Ukrainian).

Marston, S., Li, Z., Bandyopadhyay, S., Zhang, J., & Ghalsasi, A. (2011). Cloud Computing—The Business Perspective. Decision Support Systems, 51(1), 176-189.

Morris, P. (2009). Implementing strategy through project management: The importance of managing the project front-end. In T. Williams, K. J. Sunnevag, & K. Samset (Eds.), Making essential choices with scant information: Front end decision making in major projects, (pp. 39–67). Basingstoke, UK: Palgrave MacMillan.

Mycielski, J. (1992). Games with perfect information. Handbook of game theory with economic applications, 1, 41-70.

Pajak, K., Kaminska, B., & Kvilinskyi, O. (2016). Modern Trends of Financial Sector Development under the Virtual Regionalization Conditions. Financial and Credit Activity: Problems of Theory and Practice, 2(21), 204-217.

Panetto, H. (2007). Towards a classification framework for interoperability of enterprise applications. International Journal of Computer Integrated Manufacturing, 20(8), 727-740.

Roome, N. J. (2013, October). Management for sustainable development as a system's problem. Presented at systemic sustainability management: Complexity, resilience and systems thinking. Vienna, Austria: Proceedings of the Autumn Meeting of the Section Sustainability Management of the German Academic Association for Business Research (VHB).

Reddy, G. S., Srinivasu, R., Rikkula, S. R., & Rao, V. S. (2009). Management Information System to Help Managers for Providing Decision Making in an Organization. International Journal of Reviews in Computing (IJRIC), 5, 1-6.

Shenhar, A. J., Dvir, D., Guth, W., Lechler, T., Milosevic, D., & Patanakul, P. (2007). Project strategy: The missing link. In A. Shenhar et al. (Eds), Linking project management to business strategy (pp. 57-75). Newtown Square, PA: Project Management Institute.

Suleimanova, A. K., & Omarova, O. F. (2017). Classification of business processes in management system. International Research Journal, 7 (61), 46-49 (in Russian).

Sun, X., Sun, Y., Wu, L., & Yannelis, N. C. (2017). Equilibria and incentives in private information economies. Journal of Economic Theory, 169, 474-488.

Tvaronavičienė, M. (2014). If industrial sector development is sustainable: Lithuania compared to the EU. Entrepreneurship and Sustainability Issues, 1(3), 134-142.

Vuori, E., Mutka, S., Aaltonen, P., & Artto, K. (2013). That is not how we brought you up: how is the strategy of a project formed?. International Journal of Managing Projects in Business, 6(1), 88-105.

World Commission on Environment and Development (WCED). (1987). Our common future. Chapter 2: Towards sustainable development.

Yakubovskiy, M., Liashenko, V., Kamińska, B., & Kvilinskyi, O. (2017). Economy modernization of industrial regions (based on the example of Ukraine). In P. Głowski & O. Kvilinskyi (Eds.), Economic transformation in Ukraine: comparative analysis and European experience, (pp. 12-29). Warsaw, Poland: Consilium Sp. z o. o. content/uploads/2016/07/Monografia_Kvilinskyi.pdf

Zhadko, K. S. (2014). Aspects of assessing the economic efficiency of information systems accounting and economic analysis. Scientific Herald of the Academy of Municipal Management. Series: Economics, 1, 192-199 (in Ukrainian).

Abstract views: 1862
PDF Downloads: 823
How to Cite
Kwilinski, A. (2018). Mechanism of formation of industrial enterprise development strategy in the information economy. Virtual Economics, 1(1), 7-25.

Most read articles by the same author(s)