WSEAS Transactions on Environment and Development
Print ISSN: 1790-5079, E-ISSN: 2224-3496
Volume 17, 2021
The Resource Supply of Innovation and Investment Strategies of the Microeconomic Systems Modernization in the Conditions of Digitalization
Authors: , , , , ,
Abstract: Within the presented study, applied aspects of the resource provision of innovation and investment strategies for modernization of microeconomic systems in the context of digitalization are submitted. It is substantiated that the modernization of microeconomic systems is a certain activation of the potential modernization aimed at improving the efficiency of processes, technologies, management of products, services and more. Modernization challenges of microeconomic systems are implemented through strategic management of the enterprise development provided resource provision of the potential modernization. Initial conditions of the resource provision of the microeconomic systems modernization in the conditions of digitalization are singled out, which include: efficiency; availability and clarity of the algorithm analysis formed by information base and tools; clear calculations of the cost of attracting resources to the modernization process; forecasting and assessing the risks of incomplete implementation of modernization. It is proved that in the methodological support of resource management of microeconomic systems in the design, the method of subjectivity of distributions or cost centres is used. The methodical toolkit of the resource provision optimization of modernization designing of microeconomic systems in the conditions of digitalization with application of the competitive selection model of modernization projects for the carrying the chosen strategy of the resource supply is offered. The proposed approach to the optimization of resource provision of modernization design of microeconomic systems in the context of digitalization involves: formation of a set of applications based on the preferential principle and priority of innovation and investment strategies; assessment of actual indicators of resource efficiency in modernization projects by each participant; decision-making on providing resources to the modernization project; determining the completeness and redundancy of the resource allocation between projects; distribution of residual resources.
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Keywords: investment strategy, innovation strategy, resource provision, microeconomic system, modernization, capacity building, enterprise, strategic management, investment activity, innovative development
Pages: 819-828
DOI: 10.37394/232015.2021.17.77