Creation Of New Value Research Articles

Sustainability of the real sector of the Russian economy: Economic security and sanctions realities

Aim. To investigate the essence of the real sector of the Russian economy and identify the features of its impact on achieving economic security under sanctions.Objectives. To determine the essence of the real sector of the economy and assess its contribution to the stability of the national economy under sanctions; to identify the stages of development of the real sector of the Russian economy; to form an approach to regulating the real sector in the context of achieving economic security.Methodology. The research uses methods of comparative, structural, functional, and historical (retrospective) analysis, as well as tools of systemic and institutional approaches.Results. The real sector of the economy includes the production of goods and services, its functioning is associated with the creation of new value. This distinguishes it from the virtual and financial sectors where real, tangible goods are not created and where, in fact, the product formed in the real sector is redistributed. In crisis conditions, the developed real sector serves as the basis for the functioning of the economy and the satisfaction of basic economic needs, its stability determines national economic security.Conclusions. In modern conditions, characterized by sanctions pressure on Russia from unfriendly countries, the real sector of the economy plays an important role in ensuring the stability of the country’s economy as a whole. Its dynamics largely determines protection against traditional and new (sanctions-related) threats and risks to economic security. At the same time, there is a need for government support and regulation of the development of the real sector, which is associated with many different difficulties. To increase the effectiveness of this regulation, a permanent search for a balance between the use of planned and market instruments is required, the development of a mixed system of economic regulation that combines the tools of market and planned approaches. This will make it possible for the state to flexibly and adaptively manage the process of ensuring national economic security.

IT as a driver of R&D processes and strategic renewal

Recent advancements in information technology are profoundly impacting a variety of business functions across different industries. R&D and strategic renewal, as critical drivers of organisational innovation, are particularly influenced by these tectonic shifts in the technological landscape. In response, there has been a growing interest among business academics and practitioners in understanding how these technologies can be leveraged to maximise benefits and foster the creation of new value in organisations. This editorial paper proposes a moderated mediation model that provides a comprehensive view of the connections between IT‐related antecedents and outcomes in R&D, strategic renewal, and innovation performance. Through this model, we elucidate the pathways through which IT impacts organisational processes and identify key areas for future research. Additionally, we introduce six papers published in this special issue that explore these themes across various contexts, contributing to the discourse on the strategic implications of IT in digital transformation and business sustainability.

Role of Smart Farm as a Tool for Sustainable Economic Growth of Korean Agriculture: Using Input–Output Analysis

This study focused on smart farms in Korea to confirm that the fourth industrial revolution technology is a tool that can be used for sustainable economic development in agriculture. This study used the input–output table, which included the production-inducing effects of the demand inducement model, value-added inducing effects, supply shortage effects of the supply inducement model, and the interlinkage effect. These methods were used to compare the impact of smart farm machinery on agriculture and the impact of smart farms on the Korean economy compared to conventional agriculture, thereby confirming the extent of the effect of fourth industrial revolution technology on agriculture. This study was conducted to determine whether this agricultural sector could lead to sustainable economic development. The analysis revealed that the production-inducing effects of smart farms showed a greater ripple effect than those of the agricultural sector. However, both value-added inducing effects and supply shortage effects showed a larger ripple effect in the agricultural sector. Considering only the indirect effect, the smart farms were found to evenly affect secondary and tertiary industries. In the case of value-added inducing and supply shortage effects, agriculture was found to have a greater impact on the secondary industry, whereas smart agri-machines and farms had a greater impact on the tertiary industry. Moreover, according to the interlinkage effect, agriculture was classified as a raw industry with final demand, and smart farms as a manufacturing industry with intermediate demand. These results have several implications. For the fourth industrial revolution technology to lead sustainable economic growth in agriculture, continuous creation of new value by developing various types of business models linked to other industries in consideration of the industrial characteristics of smart farms and agri-machines is necessary. In addition, to fully demonstrate the economic effects of smart farms, continuous management and support are required so that smart technologies can be strategically utilized in the agricultural sector.

URBAN REDEVELOPMENT OF SHRINES IN TOKYO AFTER 1990

The purpose of this project is to examine the transformation of shrines that have progressed with re-urbanization and to discuss the issues of shrines at the turning point by clarifying the spatial change and development process through a survey of shrines that have been developed under the initiative of the private sector in Tokyo ward area. Through the research, it was clarified that the shrines have progressed due to the unique development, changes in visitors’ behavior, and the creation of new value. On the contrary, the relationship between the various powers surrounding the shrine was found to be unbalanced.

Суперечності віртуальної конкуренції як результат алгоритмізації управління на цифрових платформах: інституційний контекст

The article analyzes the preconditions and mechanisms of management algorithmization on information (digital) platforms (IPs) and their contradictory impact on the transformation of competition in the tourism sector. The sources of competitive advantages of IPs formed as a result of digitalization are presented. The author reveals positive and negative consequences of the influence of platformization on the development of competitive relations for manufacturers and consumers. The negative ones include the monopolization of markets, the transition from the "invisible hand (Providence / market)" to the digital hand of IP and to computing devices that are devoid of subjectivity and from "data mining" to "reality mining", which influences consumer's thinking in order to control his behavior. The IPs assume the role of an intermediary-arbiter between potential competitors for the user's attention. The differences between IP as an innovative institutional form on the one hand, and hierarchical, network and market structures on the other are substantiated. The features of the algorithmic management model are revealed and the mechanisms of its functioning based on the use of rating and ranking tools are shown. It is based on the co-optation of ecosystem participants in the process of solving managerial tasks without delegating leadership powers to them. Managerial influence is replaced by regulation based on the algorithmic involvement of independent participants in the creation of new value. There is a transition from the "iron cage" of bureaucratic procedures to the "invisible cage" of quickly and easily changeable rules established by IP. The users’ ratings are recalculated into constantly renewable ranks, which serve to stimulate responses from producers and users. “Content supervision” by IP turns into a tool of IP’s “supervisory control” over producers. As a result, they, like consumers, become absolutely dependent on IP, which determines the order and carries out the ranking, and thereby predetermines success in the competitive struggle.

本学会の新たな価値創造

本学会の新たな価値創造

Toward cooperative competitiveness for community development in Economic Society 5.0

Purpose Economic Society 5.0 is the answer to the challenges of the Industrial Revolution 4.0 through the creation of new value from the development of advanced technology that aims to reduce the gap between human and economic problems. Excellent human resources and adequate digital infrastructure are requirements in an Economic Society 5.0. Cooperatives as community economic organizations are players in the Industrial Revolution 4.0. Because of low competitiveness, cooperatives cannot create new and sustainable income streams, particularly digitalization capabilities. This study aims to encourage the competitiveness of cooperatives in the West Java region, Indonesia, in an Economic Society 5.0 by identifying the correlation between digital capabilities, digital orientation, employee resistance, government support, digital innovation and competitiveness. Design/methodology/approach This study uses a quantitative method through surveys as data collection techniques by distributing questionnaires to 386 leaders of cooperatives in West Java. Hypothesis testing uses analysis technique of structural equation modeling with partial least squares tool. Findings There are five hypotheses that are supported in the proposed model in this study. Digital orientation and government support have a positif and significant effect on digital innovation, in contrary; digital capability and employee resistance do not show any effect. Digital orientation, government support and digital capability also have a positive and significant effect on competitiveness. Meanwhile, employee resistance and digital innovation have no significant effect on competitiveness. Digital innovation was also found not to mediate the relationship between digital orientation, government support, digital capability and employee resistance with competitiveness. Originality/value This study provides new insights into the study of cooperatives as community’s economic institutions. This study adds empirical evidence of the factors that influence the competitiveness of cooperative institutions in Indonesia as a driver of the community’s economy. This study also provides practical implications for the development of cooperative competitiveness in developing countries, particularly in Indonesia.

ДИЗАЙН-МИСЛЕННЯ ЯК ІНСТРУМЕНТ ОРГАНІЗАЦІЙНОГО НАВЧАННЯ

Design has evolved beyond the creation of individual objects. The change in business paradigm is based on a revolutionary rethinking of the role of design: from a tool of product aesthetic decoration at the final stage of development design transforms into a tool of creation of new value for the consumer. Organizations now strive to learn to think like designers and apply design principles to new product and organizational development. Design thinking research has traditionally focused on the practical aspects of using design tools and organizing the design thinking process. In the context of organizational learning, internal organizational consequences of design thinking and its impact on the development of individual and organizational competence remain understudied. The purpose of the article was to explore the role of design thinking as a tool for enhancing organizational competence. It is shown that the sequence of design thinking stages corresponds to the full cycle of knowledge management, starting from the identification and capture of new knowledge to the verification of the viability of the proposed solutions. This allows participants to receive quick feedback and immediately assess the effectiveness of the proposed solution, which has a positive learning effect. Participation in design projects becomes an important tool of organizational learning due to: better understanding of consumer needs; practical mastery of technology-specific design thinking methods that can be used in other projects; experience of interaction with consumers (stage of empathy, co-design and prototype testing); experience in generating ideas and prototyping them; formation of a designer way of thinking, characterized by a combination of intuitive, analytical and abductive thinking. Deeper, systematic learning, which results in the formation of design competencies at the organizational level, occurs when theoretical generalizations based on the empirical experience of design thinking go beyond the boundaries of the studied object. Further research could be aimed at developing a deeper understanding of the managerial and organizational implications of experiential learning in design projects.

Vibration Analysis Using Vibration Coupling Power Transmissibility of Two-degree-of-freedom System

In recent years, there has been a growing demand in the manufacturing field for more efficient product design and development, and for the development of more valuable products. To achieve this, it is necessary to have technologies that can achieve both diverse performance at an early stage of design, such as by eliminating "Temodori," as well as technologies that encourage the creation of new value. The models in “1D CAE” and “MBD” are useful as the technology. We have been studing in utilizing these technologies for designing highly efficient, Temodori-free designs through multi-performance optimization at an early stage of design, and creating new value in the process. In this paper, energy transfer characteristics（CLF）between two masses of two degree of freedom vibration system are newly derived. And the interpretation of vibration phenomena based on the CLF and its application to design are demonstrated. Finally, an example of vibration reduction of an automobile engine shake is discussed in comparison with the results of a reference.

Multi-material structure and dissimilar material joining for weight reduction of motorcycles

This paper looks back on the history of motorcycle material technology, which has always challenged the creation of new value by improving engine output and fuel consumption rate and reducing the weight of the vehicle. Weight reduction began with the use of aluminum for engine blocks, mainframes and wheels, and progressed to efforts to improve design freedom and productivity using thin-walled large die-castings. When various materials are used, including material replacement from steel to titanium and aluminum to magnesium, and resin materials, there are situations where there are restrictions on fastening and welding alone. If not only stress is transmitted but also function is transmitted, it is preferable that the joints are joined so that the characteristics do not change. In such a case, dissimilar material joining is selected. We hope to elucidate the mechanism of various phenomena that occur at the interface in order to improve the reliability of the joint.

PECULIARITIES OF DEVELOPMENT OF A VALUE ATTITUDE TO NATURE OF JUNIOR SCHOOLCHILDREN

The article substantiates the importance of the development of junior students’ values to nature. Ecological development is characterized as an integral part of a single system of development, ecological consciousness and behaviour in harmony with nature. The concepts and components of the structure of the valuable attitude to nature are described. The structure of the value attitude of the individual includes a number of components, among which the dominant ones are cognitive, emotional-motivational and behavioural. The main characteristics of the value attitude to nature are: awareness of nature as a value; active position of the individual in environmental activities; cognitive interest in natural objects, their evaluation; adequate choice of ways of human interaction with nature; creation of new value, which occurs as a result of the manifestation of values to nature. Conditions for the development of the individual’s value attitude to nature are indicated. They are as following: providing positive emotional experiences in the world of nature; awareness of its importance in meeting personal needs; the presence of internal incentives to preserve the world around; recognition of the self-worth of objects of nature, humanistic creative interaction with them. The content of the concept of “value attitude to nature” as a social and psychological category contains such essential components of concepts related to it as a sense of responsibility to nature, knowledge of norms and rules of behaviour in it, activity and readiness for environmental activities, skills and skills of non-pragmatic interaction with nature.Emphasis is placed on the methodological tools for the development of values of children of primary school age. The conditions, means and forms of development of values of primary school children to nature are revealed.
 Keywords: environmental education; development, values; value attitude; value attitude to nature, structure of a value attitude, components of a value attitude to nature, methodical tools of development of a value attitude to nature.

A potential species for cosmetic and pharmaceutical industries: Insight to chemical and biological investigation of naturally grown and cultivated Salvia multicaulis Vahl

The importance of Salvia L. species, being used as traditional medicine, in the scientific world is increasing day by day. The relationship between health and traditional-modern life, promotes the creation of new value added food products. Within this context, in this study, it was aimed to biologically and chemically investigate the essential oil and ethanol extracts of the Salvia multicaulis Vahl. Chemical and biological study results of naturally grown and cultivated (uninvestigated in the literature) samples of S. multicaulis were compared. The essential oil, aroma and terpenoid-steroid contents of the species were determined by gas chromatography-mass spectrometry (GC–MS) and phenolic content by liquid chromatography-mass spectrometry/mass spectrometry (LC–MS/MS). In addition, the bioactivities of the extracts were screened for antioxidant, cytotoxic, antialzheimer, antiurease, antityrosinase, antielastase and anticollagenase activities. It was found that the enzyme activities of the essential oil and the antioxidant activities of all ethanol extracts of the species were quite high. It was determined that especially essential oil and the ethanol extracts of the leaf parts exhibited high cytotoxic effect in cancer cell lines (PDF (Healthy primary dermal fibroblast cell line), HT-29 (colon cancer cell line), MCF-7 (breast cancer cell line), Caco-2 (colon cancer cell line) and Skov-3 (ovary cancer cell line)). According to the GC–MS results, in the natural specimen 1,8-cineole (33.05 %) and d-limonene (21.18 %), in the cultivated sample 1,8-cineole (42.35 %) and α-pinene (15.74 %) were detected to be as the major components of the essential oil and aroma, respectively. It was observed that both natural and cultivated samples were rich in β-Sitosterol. Moreover, the root extract of natural samples was found to be richer than the other extracts in terms of abieatane diterpene (ferruginol, cryptanol, sugiol, and inuroyleanone) compounds. According to the LC–MS/MS results, it is seen that both natural and cultivated samples are very rich in rosmarinic acid. Especially, the flower part of the natural sample (98.10 mg analyte/g extract) was found to contain more rosmarinic acid than the other parts. Due to the high total phenolic and rosmarinic acid content, cytotoxic, anti-aging, and antioxidant potential of the ethanol extract of the leaf parts of the species, it has the potential to be used as a food supplement, food preservative and in the pharmaceutical industry.

The Role of New Technologies in Value Co-Creation Processes: Healthcare Management and the National Health System as a System of Services

Technologies may affect the emergence of value co-creation phenomenon within the national health system. The aim is to explore how the exchange of resources between actors connected through multi-level relationships, whose interactions are mediated by technology, can lead to the joint creation of new value and potential innovation. By analyzing the definition of value co-creation, the paper presents the National Health System as a complex service system and proposes a conceptual framework, then applied to the case study to identify: 1) the enabling factors for value co-creation; 2) the network mechanisms and the information interests of the various actors that lead to the continuous renewal of resources, to value co-creation and to innovation. Results allow the conceptualization of the enabling factors for co-creation management and guide managers to identify tools, resources, and technologies that promote value co-creation by improving understanding of the different types of activities performed by actors during the joint exchange of resources and the mechanisms that promote the active involvement of users and patients.

Investment policy factors of enterprises in Serbia: Agriculture and processing industry sectors

In this paper, the authors research and analyze the impact of factors that decisively influence making investment decisions in enterprises operating in the agriculture and processing industry sectors. The fact is that significant foreign direct investments have been coming to Serbia for many years, but the development gap with comparable countries in Central and Eastern Europe is not decreasing. Analysis show that economic development cannot be left only to the market and foreign investments, but an appropriate economic policy is needed to encourage public and private investments, based on domestic savings. Authors believe that companies from agriculture and processing industry should be carriers of economic growth and development, employment, exports and the creation of new value, but they need a stable and predictable business environment, as well as the support of official economic policy.

Creation of new business value as an indicator of the socio-economic potential use: Evidence from the Arctic Zone regions of the Russian Federation

Subject. This article explores the impact of the creation of new value (construction) on the socio-economic system of the Russian Arctic regions. Objectives. The article aims to assess the utilization of the socio-economic development capacity of the Russian Arctic regions. Methods. For the study, I used the methods of business and statistical analyses, observation, measurement, comparison, and the expert assessment method. Results. The article presents certain results of an analysis of the impact of new value creation on economic performance and analysis of the industry structure for creating such value for each particular Russian Arctic region. Conclusions. The Russian Arctic regions are characterized by significant uneven regional development. The Yamalo-Nenets Autonomous Okrug has optimal conditions for socio-economic development and the greatest investment attractiveness among the other Russian polar regions.

R&D on Security Contributing to Creation of New Value

R&D on Security Contributing to Creation of New Value

Рeculiarities of the companys digital strategy depending on the business size

The purpose of this investigation is to initiate the discussion of the digital strategy and its differences for the enterprises depending on the business size. The objective of this investigation is to define the essence of digital strategy for enterprises depending on the enterprise business size. In order to achieve this goal the following scientific tasks are defined: to reveal the essence of the concept of the enterprise digital strategy; to determine the components of the enterprise digital strategy depending on the s business. In order to achieve these objectives, analysis of indicators of information and communication technologies application at the enterprises of Ukraine (including small businesses) and EU countries in 2019 is carried out. Analysis of statistical information makes it possible to conclude that implementation of digital strategies or their elements at Ukraine enterprises is due to the annual growth of the digital data share which is created, stored and processed. The authors summarized the results of scientific developments concerning the essence of the enterprise «digital strategy» concept. An integrated approach for the determination of the digital strategy place and role defines that the enterprise digital strategy is subordinate to the enterprise corporate strategy, and its application provides the implementation of enterprise strategic objectives due to the digital resources use. In large and medium-sized businesses, the operation and integration of digital technology deals with a large part of the company and can go beyond its limits affecting products, business-processes, sales channels and supply chains. The potential benefits of digitalization have the impact on sales or productivity growth, creation of new value or new forms of interaction with contractors. As for small business digital strategy, it is the basis for the enterprise business strategy formed intuitively taking into account the market needs and it is based on the capabilities of the digital economy due to the application of digital resources in various business functions. The main components of the small business digital strategy are more flexible and are based on personalized ways of attracting customers and form a new value proposition of the enterprise by integration of information and communication technologies in products and services. Particularly, the objectives of small business digital strategy will be achieved by means of the following tools: digital marketing; business process digitization; Internet presence; e-commerce; business flexibility management.

Trends in development of Serbian agriculture after the economic crisis in 2008.

In this paper, the authors analyse the trend of agricultural production, at the agricultural holdings and enterprises active within the mentioned sector, in the period after the economic crisis in 2008., based on the submitted financial reports. The fact is that Serbia has favourable natural resources, but the achieved results are significantly below the average of EU member states. This indicates low labour productivity, as well as low competitiveness of legal entities involved in the agricultural sector. The analysis points out to the basic factors that influenced this state of the sector, but also to the possibilities of its dynamic and sustainable development. There is believe that participants in the production and trade of agricultural products can make a significantly greater contribution to overall economic growth, employment, exports and the creation of new value, but they need an adequate business environment and support of agricultural policy.

Design capabilities for the evolution of value creation

The process of value creation cannot be an exclusive preserve of designers, but it is rather the result of a diffuse problem solving capability. The creation of new value is also connected to the concept of innovation and can happen in different logical contexts, from limited and confined contexts (niches) to consolidated structures (regimes) and to wider sociotechnical contexts (landscapes). In all those contexts, design can have a different role and whoever designs should use different capabilities and tools. Furthermore, design capabilities can also be useful when aligning value creation and change in different levels, thus contributing to understand the relationships between small scale interactions and wider scale transformation of sociotechnical landscapes. This paper proposes a framework to understand the contribution of design to the value creation process at the three levels, focusing on design capabilities and tools to work across different logical contexts.

"When giants learn to dance": international clinical collaboration in headache medicine.

Collaboration is more than evolutionary advantage, it is good business and good for learning. It is through collaboration that we open new doors, create new options, and develop unforeseen opportunities. More than simple information exchange, collaboration allows the joint creation of new value and creates multiple layers of interpersonal connection and interaction leading to enhanced learning. This newly created value has been termed the "collaborative advantage." The headache group at the C. Besta Institute in Milan, Italy, and the John Graham Headache Center in Boston, MA, have begun a collaboration in clinical Headache Medicine. The history and nature of the process and early results are discussed. Programs like this could help advance the field of headache medicine.