Strategic aspects of increasing efficiency of economic activity of industrial enterprises

Abstract

The article is devoted to the topical issues of the domestic industry. The authors consider the category of “the efficiency of economic activity” as a target landmark in the activity of an industrial enterprise. This landmark is a combination of parameters characterizing the accumulated effect level caused by the company’s improvement of the organization of operational process. The authors study the efficiency not as a leading objective of the company’s activity but as a result of its development strategy and within the framework of the strategy. Digitalization of a company’s business process is a tool which ensures creating conditions for improving the efficiency of an industrial company’s economic activity. The article determines the significance of digitalization in the industry for improving the efficiency of the company’s activity. And major attention is focused on the peculiar features of digitalization in the sphere of industry. The authors give grounds for its role in the activity of enterprises, pointing out that digitalization contributes to improving the mechanism of its regulation as well as provides for the company’s economic effect.The purpose of the article is to study digitalization in the context of its impact on the efficiency of the economic activity of an industrial enterprise, and to consider the opportunities and challenges of digitalization of the industrial production sphere. In accordance with the purpose the authors have set the tasks connected with studying scientific categories of “the efficiency of economic activity: and “strategic development”, examining strategic issues of improving the efficiency of the activity of industrial enterprise, overviewing the peculiar features of digitalization of industrial production which determine the priorities for future development of the domestic economics.The theoretical and methodological basis of the study includes scientific achievements of the scientific school of strategizing under the Lomonosov Moscow State University as well as scientific achievements of domestic and foreign researchers regarding the issues of improving the efficiency of economic activity of enterprises. To justify the results the authors use the combination of research methods and approaches of analysis and synthesis, comparison, generalization, scientific abstraction.