DIGITAL TRANSFORMATION OF ECONOMY AND TECHNOLOGICAL REVOLUTIONS: CHALLENGES FOR THE CURRENT PARADIGM OF MANAGEMENT AND CRISIS MANAGEMENT

The digital transformation of the economy leads to dramatic changes in business and society and requires the reconfiguration of all socio-economic institutions. Such radical changes include economic science and management, challenging the traditional economic laws and management tools that were form...

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Autor principal:	E. P. Kochetkov
Formato:	article
Lenguaje:	RU
Publicado:	Real Economics Publishing House 2020
Materias:	digital economy crisis management digital companies economies of scale platform business model disruptive innovation digital ecosystem Risk in industry. Risk management HD61
Acceso en línea:	https://doaj.org/article/d0805b04fd5e475083ebfc0b961b18b5
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id	oai:doaj.org-article:d0805b04fd5e475083ebfc0b961b18b5
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spelling	oai:doaj.org-article:d0805b04fd5e475083ebfc0b961b18b52021-11-19T10:42:00ZDIGITAL TRANSFORMATION OF ECONOMY AND TECHNOLOGICAL REVOLUTIONS: CHALLENGES FOR THE CURRENT PARADIGM OF MANAGEMENT AND CRISIS MANAGEMENT2618-947X2618-998410.17747/2618-947X-2019-4-330-341https://doaj.org/article/d0805b04fd5e475083ebfc0b961b18b52020-03-01T00:00:00Zhttps://www.jsdrm.ru/jour/article/view/869https://doaj.org/toc/2618-947Xhttps://doaj.org/toc/2618-9984The digital transformation of the economy leads to dramatic changes in business and society and requires the reconfiguration of all socio-economic institutions. Such radical changes include economic science and management, challenging the traditional economic laws and management tools that were formed in the “digital era”. The purpose of the study is to identify the key challenges of the digital transformation of the economy for economic science, management and business, as well as the main directions of development of crisis management of companies in the era of the digital economy.The study identified the main factors of digital transformation of the economy that affect the methods and conditions of doing business, and the challenges of digitalization for business. The necessity of developing a new crisis toolkit for companies of the “digital” and “non-digital” eras is substantiated, for which a comparative analysis of the characteristics of such companies and key indicators of their financial and economic status is carried out. In addition author defined several economic paradoxes that the author called the “scissor effect” (a gap in the dynamics of the capitalization of digital and non-digital companies) and the “paradox of profitability” (growth in the capitalization of digital companies against the backdrop of chronic loss-making activities).Author used various methods of scientific research: deduction and induction when conducting an empirical analysis of the activities of digital and non-digital companies, analytical methods and historical analysis.The results of the study will contribute to the development of the theory of management and crisis management in the era of the digital economy, and also will determine the future directions of theoretical and practical development of these scientific disciplines.E. P. KochetkovReal Economics Publishing House articledigital economycrisis managementdigital companieseconomies of scaleplatform business modeldisruptive innovationdigital ecosystemRisk in industry. Risk managementHD61RU Strategičeskie Rešeniâ i Risk-Menedžment, Vol 10, Iss 4, Pp 330-341 (2020)
institution	DOAJ
collection	DOAJ
language	RU
topic	digital economy crisis management digital companies economies of scale platform business model disruptive innovation digital ecosystem Risk in industry. Risk management HD61
spellingShingle	digital economy crisis management digital companies economies of scale platform business model disruptive innovation digital ecosystem Risk in industry. Risk management HD61 E. P. Kochetkov DIGITAL TRANSFORMATION OF ECONOMY AND TECHNOLOGICAL REVOLUTIONS: CHALLENGES FOR THE CURRENT PARADIGM OF MANAGEMENT AND CRISIS MANAGEMENT
description	The digital transformation of the economy leads to dramatic changes in business and society and requires the reconfiguration of all socio-economic institutions. Such radical changes include economic science and management, challenging the traditional economic laws and management tools that were formed in the “digital era”. The purpose of the study is to identify the key challenges of the digital transformation of the economy for economic science, management and business, as well as the main directions of development of crisis management of companies in the era of the digital economy.The study identified the main factors of digital transformation of the economy that affect the methods and conditions of doing business, and the challenges of digitalization for business. The necessity of developing a new crisis toolkit for companies of the “digital” and “non-digital” eras is substantiated, for which a comparative analysis of the characteristics of such companies and key indicators of their financial and economic status is carried out. In addition author defined several economic paradoxes that the author called the “scissor effect” (a gap in the dynamics of the capitalization of digital and non-digital companies) and the “paradox of profitability” (growth in the capitalization of digital companies against the backdrop of chronic loss-making activities).Author used various methods of scientific research: deduction and induction when conducting an empirical analysis of the activities of digital and non-digital companies, analytical methods and historical analysis.The results of the study will contribute to the development of the theory of management and crisis management in the era of the digital economy, and also will determine the future directions of theoretical and practical development of these scientific disciplines.
format	article
author	E. P. Kochetkov
author_facet	E. P. Kochetkov
author_sort	E. P. Kochetkov
title	DIGITAL TRANSFORMATION OF ECONOMY AND TECHNOLOGICAL REVOLUTIONS: CHALLENGES FOR THE CURRENT PARADIGM OF MANAGEMENT AND CRISIS MANAGEMENT
title_short	DIGITAL TRANSFORMATION OF ECONOMY AND TECHNOLOGICAL REVOLUTIONS: CHALLENGES FOR THE CURRENT PARADIGM OF MANAGEMENT AND CRISIS MANAGEMENT
title_full	DIGITAL TRANSFORMATION OF ECONOMY AND TECHNOLOGICAL REVOLUTIONS: CHALLENGES FOR THE CURRENT PARADIGM OF MANAGEMENT AND CRISIS MANAGEMENT
title_fullStr	DIGITAL TRANSFORMATION OF ECONOMY AND TECHNOLOGICAL REVOLUTIONS: CHALLENGES FOR THE CURRENT PARADIGM OF MANAGEMENT AND CRISIS MANAGEMENT
title_full_unstemmed	DIGITAL TRANSFORMATION OF ECONOMY AND TECHNOLOGICAL REVOLUTIONS: CHALLENGES FOR THE CURRENT PARADIGM OF MANAGEMENT AND CRISIS MANAGEMENT
title_sort	digital transformation of economy and technological revolutions: challenges for the current paradigm of management and crisis management
publisher	Real Economics Publishing House
publishDate	2020
url	https://doaj.org/article/d0805b04fd5e475083ebfc0b961b18b5
work_keys_str_mv	AT epkochetkov digitaltransformationofeconomyandtechnologicalrevolutionschallengesforthecurrentparadigmofmanagementandcrisismanagement
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DIGITAL TRANSFORMATION OF ECONOMY AND TECHNOLOGICAL REVOLUTIONS: CHALLENGES FOR THE CURRENT PARADIGM OF MANAGEMENT AND CRISIS MANAGEMENT

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