Subject and purpose of work: Ukraine’s dynamics by the competitiveness indicators shows the low macroeconomic status and insufficient innovative business climate, yet it doesn’t contradict the opportunities of economic growth. The research is devoted to adaptation of theoretical and applied organizational models of economy growth on the grounds of innovative entrepreneurship development, activation of public-private partnership and functioning of crowdsourcing virtual configuration of commercial and non-commercial social entities. The major objective of the paper is to examine the evolution of organizational models, to determine the tendencies of organizational renovation of economic system based on scientific and technological progress and to outline the directions of improving the efficiency of organizational-institutional transformations in Ukrainian economy.
Materials and methods: The research is based on universal methods of formal logic and scientific abstraction, basics of innovation science, investment science and institutional economics, systemic, structural-functional and synergetic approaches as well as information sources of World Economic Forum.
Results: The authors’ hypothesis about the correspondence of organizational models to the stages of society’s innovative development is verified. General positioning of Ukrainian economic system in investment-driven classifications is confirmed, аnd activation of mass collaboration model is emphasized in the sector of innovative entrepreneurship.
Conclusions: In order to increase the efficiency of organizational-institutional transformations, the concept of bureaucracy-type administrative management is suggested to be reoriented towards the use of adhocratic model with the elements of virtual communication and total digitalization. Social effect of mass collaboration model is determined to be the stimulator of institutional changes in macroeconomic development.
Background: Owing to the highly competitive business environment in which contemporary organizations have to operate, a quick and effective way of developing and maintaining information systems is of utmost importance to their success. Obviously, the computerized information systems that support the everyday operations and management of organizations play a critical role in their competitiveness. For that reason, nowadays, more than ever, information systems have to be quickly developed, rapidly reconfigured, and easily maintained.
Objectives: We aim to define a technological infrastructure, accompanied by a set of methodological development requirements, which might help to fulfil those needs.
Methods/Approach: In this work, we followed a Design Science Research (DSR) approach.
Results: We propose a specific IT infrastructure, inspired by the concept of a business process and using the functionalities provided by collaborative and workflow technologies, which allows the development of distributed IT solutions, Process-Based Information Systems (PBIS), in a component-based fashion. In the context of PBIS, we also propose a set of development requirements.
Conclusions: We claim that Process-Based Information Systems allow organizations to evolve quickly and smoothly in face of changing business requirements, facilitating the integration of existing and future IT artefacts, while simplifying the overall development and maintenance effort of information systems.
The advances in science and technology have benefited many industries. In recent years, we have witnessed the rapid development of financial technology. All of them worked hard in this area, such as Amazon, UPS, and Wal-Mart International. In China, leading e-commerce platforms such as Alibaba and Tencent actively provided services to SMEs in their ecosystems; Taiwan also make efforts to develop it. The emergence of networking account scientific and technological AMIS provides various payment companies, lending platform, financial robots. Although Taiwan’s innovation industry faces many restrictions on its development, it will still go through it. Therefore, Taiwan has continued to update laws and regulations related to financial technology. The latest rule “Financial Science and Technology Development and Innovation Experiments Regulations” regards the development of Taiwan’s financial technology. FinTech has gradually replaced the traditional financial service model. Through mobile payments, cloud platforms, and artificial intelligence, the technology industry has gradually penetrated into the financial industry. We are willing to make more progress in Taiwan’s financial technology to deepen the understanding of FinTech as a study.
The main purpose of the paper is to address the effects of digital transformation in the telecommunications markets which are characterized by network externalities. By acknowledging disruptive effects of digital transformation age, the paper highlights challenges which were created by advancement of technological capabilities. The specific aim of the paper is to present a methodological framework for measuring the information society. The research will be based on an analysis of the number of subscribers by types of telecommunication services, in developed and developing countries, in the last two decades. In this regard, increasing the number of subscribers leads to higher value of the selected network. We expect confirmation of both hypotheses respectively (H1: Digital transformation affects the simultaneously continuous growth of the number of subscribers and the continuous decline in prices of telecommunication services; H2: There are similar trends in developed and developing countries, which are related to the number of the telecommunication services subscribers). Therefore, digital transformation and the effect of network externalities contribute to increasing the number of subscribers, reducing the number of networks (distortion of the market competition) and reducing the prices of telecommunication services.
Subject and purpose of work: The objective of this article was to present opinions of owners of all-year-round accommodation facilities operating within the area of the Lublin Voivodeship with regards to the meaning and manner of impacting on the development of enterprises by technological environment factors.
Materials and methods: In April and May of 2018 field research was realized by means of CAT method within the area of Lublin Voivodeship. The research covered 110 economic entities.
Results: The most numerous group of research participants - more than 80% considered the development of Internet as a rather contributing or definitely contributing to the growth of their economic entities. More than 60% of research participants noted that growth of computer systems, video and mobile telephones as well as development of transportation networks rather contributed to or definitely contributed to better functioning of accommodation facilities in the area of the Lublin Voivodeship.
Conclusions: Vast majority of entrepreneurs considered factors of technological environment, specified during research as contributing and definitely contributing to the development of Lublin accommodation facilities. The impact of Internet seems especially important. The type of commune does not differentiate in any statistically significant manner the entrepreneurs’ assesment regarding the impact related to the factors of technological environment on the growth of their companies.
Multisided, digital platforms attract considerable attention in business and academic circles. Seven out of the ten most valuable companies in the world derive much of their value from multisided platforms. The problem of defining and measuring value remains a major challenge in management literature. In this paper I analyze the relationship between the sales (revenue) and market capitalization of companies with digital platform business models. Data was used from a sample of 19 companies that used platform business models in 2017. To assess the correlation, Pearson correlation coefficient was applied. The results indicate that there was a significant positive relationship between revenue and market capitalization in 2017. This suggests that revenue may be used as the main variable in the valuation of companies using platform business models. The results point to future research problems that may be addressed using casebased methodology.
Electric cars represent a promising energy-and carbon-efficient alternative to internal combustion engine cars. However, as mobility behaviour is highly habitual, convincing people to switch from conventional cars to electric is challenging. In the following research, which was carried out in the past years in Slovenia, an attempt was made to determine what influences people’s buying habits and what would motivate them to buy an electric car. It appeared that the most relevant factor for not purchasing electric cars is, firstly, its overall too high price, and, secondly, short driving ranges. Different studies, as well as the results of the following research have revealed that there is no single measure which would dramatically increase the demand for electric cars. The solution is to combine different measures or strategies like Top – Down and Bottom – Up, where both the government and car industry should come across.
Although the subject of synergy has been explored for a long time, there are many indications that it is still gaining in importance, in the field of economics. The phenomenon of synergy seems particularly important in the field of M&A’s, alliances and the development of new organizational forms of enterprises. Synergy effects are most often evaluated from the operational and very rarely in the strategic, structural perspectives. The aim of the article is to identify and systematize the most important perspectives for synergy effect evaluation in the process of strategic analysis. The identified perspectives will be the starting point of the further research on criteria selection for synergy effects evaluation and will be one of the components of a more complex framework of the process of resource analysis. The research was conceptual, based on a literature review in the fields of methodology of strategic analysis, strategic management and Resource-Based View (RBV) approach. The identification of the structural conditions for synergy effect evaluation, requires focusing on: the subjective scope of the synergy effect analysis, key areas of strategy content and context, with the important role of strategic resources.
This study examines the role of information and communication technology (ICT), access to electricity and transport infrastructure in reducing poverty and promoting inclusive growth in Nigeria for the period 1980-2014 using the error correction modeling approach (ECM). The results indicate that access to electricity and transport infrastructure is negative and statistically significant in both the incidence and the depth of poverty reduction and therefore conclude that this lead to inclusive growth. In particular, we show that access to ICT negatively influences the incidence of poverty, but the relationship is not robust when the measure of poverty is the poverty gap.
The XBRL standard was adopted by the Reserve Bank of India (RBI) in the year 2008 as a standard by which the banks that are regulated by the RBI submit regulatory, prudential, supervisory, and other statistical data. This study focuses on estimating the effectiveness of the adoption of the XBRL standard in the Indian banking sector. The effectiveness has been studied on the basis of the responses received on the survey conducted targeting the commercial banks of India. Two important factors, namely, ‘Effectiveness of the XBRL Data Submission’ and ‘Savings of Time and Cost’ have been considered mainly for the study. The study revealed that the overall efficiency of the reporting system in the Indian banking sector has increased to a great extent with the adoption of the XBRL standard. Although the overall effectiveness of XBRL adoption has been found to be satisfactory, there is always room for further enhancement of the system in order to achieve complete effectiveness.