Mechanism of Formation of Industrial Enterprise Development Strategy in the Information Economy

Abstract

In the context of the information economy, industrial enterprises face the challenge of adapting their development strategies to align with global transformations in production, marketing, and management. This adaptation is essential for maintaining competitiveness and fostering sustainable growth. However, existing development strategies often fall short of addressing the complexity of integrating modern business process management systems with traditional enterprise structures. The main gap lies in the lack of a comprehensive mechanism that harmonises specialised business processes with overarching management systems and incorporates advanced technologies for automation and informatisation. The aim of this study is to develop a robust mechanism for formulating a development strategy for industrial enterprises that aligns with the demands of the information economy. The proposed approach is grounded in a model that ensures the harmonisation of specialised business processes with business process management practices, facilitates the integration of these systems into the general management framework of an enterprise, and utilises informatisation and automation to enhance efficiency. The methodology involves a combination of qualitative and quantitative analysis to assess existing management practices and to design a model capable of harmonising business processes within an enterprise. Empirical data were collected from industrial enterprises, and the analysis focused on the impact of the proposed mechanism on various performance indicators, such as competitiveness, sales growth, and cost reduction. The results indicate that the implementation of the developed mechanism enhances the overall competitiveness of industrial enterprises, increases sales, and reduces production costs. The findings contribute to the understanding of how integrated business process management can be effectively adopted in the information economy. In the discussion, the study emphasises the practical implications of the proposed mechanism and how it can be adapted across different industrial sectors. The conclusions underscore the necessity for continuous adaptation and innovation in management strategies to align with technological advancements. Future research should explore the scalability of this model across various types of industrial enterprises and examine its long-term impact on organisational growth and resilience.