Abstract

The article substantiates the need to revise the approach to developing a strategy for the socio-economic development of the regions of the Far North in order to ensure their sustainable development in the current conditions of digital transformation of the economy. The implementation of the Industry 4.0 concept requires the use of updated, adjusted methods and tools for building modern programs for the strategic development of both enterprises, industries, complexes, and regions. The adjustment of strateg management systems should take place, first of all, on the parameters of digitalization, since the timely introduction of information and communication technologies into management processes is not just a modern trend, but a necessary condition for creating and maintaining competitive advantages. Therefore, the development of a modified system of strategic management of the regions, of course, should include the conditions, opportunities and results of the application of actual and relevant information and communication technologies, as well as take into account possible risks and barriers to their implementation. Despite the different geopolitical significance of the regions, diffrent socio-economic indicators of development, climatic and sectoral features, the approach to developing the concept of socio-economic development of territories can be interpreted as universal at the conceptual level of building a common strategic map. As a tool for developing a strategy for sustainable development of the regions, a balanced scorecard was chosen, the main advantage of which is a balanced combination of both financial and non-financial indicators of the socio-economic activities of the regions. Thus, the result of the study was the development of a modified general strategic map of the balanced scorecard of the regions, the main difference of which from the existing ones lies in the possibility of taking into account the impact of the indicators of the digital transformation of the main socio-economic phenomena and processes at the regional level. The modification of the balanced scorecard consists in the formulation of a new component “digital transformation and digital security”.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call