Implementation of Institutional Transformation Strategies in the Management of Corporate Integration of Industrial Enterprises
Journal: Quarterly Scientific Journal "Economic Herald of the Donbas" (Vol.77, No. 3)Publication Date: 2024-09-23
Authors : S. Hryhorash;
Page : 123-129
Keywords : corporate integration; institutional transformations; strategic management; digital technologies; industrial enterprises;
Abstract
The article examines corporate integration of industrial enterprises as a strategic tool for enhancing competitiveness in the context of globalization and digitalization. Special attention is given to the role of institutional transformations in creating favorable conditions for integration. The adoption of digital technologies, such as industrial internet-platforms and Big Data, is studied as a means to improve the efficiency of management processes. Key success factors for integration projects are identified, including organizational adaptability, clear strategic planning, and innovative culture. The research results include the development of scientific and practical recommendations for managing integration processes, such as: creating a comprehensive integration strategy; implementing digital platforms; stimulating innovative activities. The article aims to advance a multidisciplinary approach to integration, combining concepts of strategic management, corporate finance, and digital technologies, thereby ensuring the long-term sustainability of industrial enterprises.
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