Investment and innovative development of industrial enterprises as the basis for the technological singularity-Reference-Cited by-同舟云学术

Investment and innovative development of industrial enterprises as the basis for the technological singularity

Published:2019-09-30 Issue:3 Volume:17 Page:477-491
ISSN:1727-7051
Container-title:Problems and Perspectives in Management
language:
Short-container-title:Problems and Perspectives in Management

Author:

Iastremska Оlena¹^ORCID,Strokovych Hanna²^ORCID,Dzenis Oleksiy³^ORCID,Shestakova Olena⁴^ORCID,Uman Timur⁵^ORCID

Affiliation:

1. Professor, Doctor of Economics, Faculty of Management and Marketing, Department of Management, Logistics and Economics, Simon Kuznets Kharkiv National University of Economics

2. Doctor of Economics, Professor, Faculty of Management and Marketing, Department of Management, Logistics and Economics, Simon Kuznets Kharkiv National University of Economics

3. Ph.D., Associate Professor, Faculty of International Economic Relations, Department of International Economics and Management of Foreign Economic Activity, Simon Kuznets Kharkiv National University of Economics

4. Faculty of International Economic Relations, Department of International Economics and Management of Foreign Economic Activity, Simon Kuznets Kharkiv National University of Economics

5. Senior Associate Professor in Accounting and Management Control, Jonkoping International Business School, Jonkoping Universit

Abstract

Investment and innovative development of industrial enterprises is driven by the influence on the sensitive indicators of their activity, which characterize technological singularity. Therefore, it is expedient to define them using adequate economic and mathematical methods that will identify the development and growth points that are characterized by the accumulation of information and are a manifestation of singularity. The purpose of the article is to determine the main sensitive indicators of the investment and innovative development of industrial enterprises, which are the points of technological singularity. The article proposes conceptual provisions for evaluating the investment-innovation activity of enterprises as a basis for their development. These provisions consider the activity of economic entities according to three states (functioning, growth, and development); evaluation of investment and innovation activities, both individually and in conjunction with the official statistical reporting of enterprises using a well-founded minimum sufficient system of partial indicators defined through the multidimensional factor analysis and combined into integral and summarizing indicators; determination of technological singularity points as a result of prediction of partial and summarizing indicators’ values via the neural networks method. A methodological approach is developed to substantiate the technological singularity points, the managerial influence on which is provided by the development of enterprises. The methodological approach is based on considering the investment-innovation activity nonlinearity, both explicit and latent tendencies of development, situationality and variability of its goals, strategic orientation and possible technological singularity of an enterprise. The proposals submitted were implemented based on statistical reports of the machine-building enterprises for 2014–2018.

Publisher

LLC CPC Business Perspectives

Subject

Strategy and Management,Business and International Management,General Business, Management and Accounting,Information Systems and Management,Law,Sociology and Political Science,Public Administration

Link

https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/12548/PPM_2019_03_Iastremska.pdf

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