Methodological and practical analysis of the prerequisites and starting conditions for the business transformation process
DOI:
https://doi.org/10.32347/2707-501x.2024.53(3).329-348Keywords:
business transformation, business processes, reengineering, change management, strategic planning, corporate culture, social responsibility, adaptation, innovation, changes in the economic environment, financial sustainability, organizational structure, Life Cycle, risks, investments, construction organizationAbstract
The article is devoted to the methodological and practical analysis of the prerequisites and starting conditions for the business transformation process. In today's conditions of globalization and rapid changes in the market, businesses are forced to constantly adapt their strategies and operational processes in order to remain competitive. Business transformation, as a process of significant changes, requires a clear understanding of the prerequisites that determine the success of such changes. This includes not only the analysis of external factors, such as changes in the economic environment, new technologies and regulations, but also internal aspects of the business: the structure of the organization, corporate culture, management practices and financial stability. The article analyzes the key stages necessary for successful business transformation and offers practical recommendations for companies that want to carry out this transformation effectively and with minimal losses. The importance of building adaptive strategies, flexible management models and active implementation of innovations to ensure successful transformation is emphasized. The use of various change management methods is also considered, in particular, the use of strategic management principles, monitoring and evaluation of the results of transformation initiatives. The article concludes with the conclusions that successful transformation requires a comprehensive approach that includes management of all levels of the business and the ability to adapt to a rapidly changing environment. Since transformation requires resources and time, the article emphasizes the importance of change planning and risk management to achieve sustainable development and increase the efficiency of the company. Additionally, for successful transformation, it is important to invest in improving the skills of employees, adapt to new technologies and continuously improve internal processes. Special attention is also paid to maintaining open communications between all levels of the organization to ensure the integration of changes and minimize resistance to change. The implementation of these approaches can help companies not only remain competitive, but also occupy leading positions in the market.
References
Armenakis, A. A., & Bedeian, A. G. "Organizational Change: A Review of Theory and Research in the 1990s". Journal of Management, 1999, 25(3), 293-315.
Burnes, B. "Managing Change". – London: Pearson Education, 2017. – 696 p. This book provides a comprehensive overview of the theories and practices related to change management, offering insights into how organizations can successfully navigate the challenges of business transformation.
Hammer, J. Champy, Reinzhiniring korporatsii: Manifest revoliutsii v biznese [Reengineering the corporation: A Manifesto for business revolution]. Saint-Petersburg, Izdatel'stvo Sankt-Peterburgskogo universiteta, 2000. 332 p.
Kotter, J. P., & Cohen, D. S. "The Heart of Change: Real-Life Stories of How People Change Their Organizations". – Boston: Harvard Business School Press, 2002. – 272 p.
Marchuk Tetyana, Ryzhakov Dmytro, Ryzhakova Galyna. Identification of the basic elements of the innovationanalytical platform for energy efficiency in project financing. Investment Management and Financial Innovations. 2017. Vol. 14(4). pp. 12–20. DOI: http://10.21511/imfi.14(4).2017.02
Schein’s work focuses on the crucial role of organizational culture in the transformation process, exploring the relationship between leadership and cultural elements in facilitating change.
Білоконь А. І., МаланчійС.О., Коцюба Т. В. Аналіз зовнішніх і внутрішніх сил в оточенні проекту.Вісник Придніпровської державної академії будівництва та архітектури.2018. No3. С. 15–28.
Гриненко І. М. Напрями вдосконалення аналітичних технологій будівельного девелопменту: ідентифікування стану мікросередовища будівельного проекту та його провідних учасників // Міжнародна науково-практична конференція “Економіко-управлінські та інформаційно-аналітичні новації в будівництві, - К.: КНУБА,ч.2, 2022. – с.52-57.
Гудзь П. В., Шарова С. В. (2014) Теорія і практика розвитку ринку нерухомості регіону : монографія. Запоріжжя, Акцент Інвест-трейд. 246 c.
Козакова О.М., Козаков В.В. Інноваційна система управління бізнес-процесами проектно-орієнтованої організації соціального спрямування. Економіка: реалії часу. 2014. № 6(16). С. 136–142. URL: http://economics.opu.ua/files/archive/2014/n6.html
Крисько Ж. Аналіз середовища реструктуризації підприємств будівельної галузі. Економічний аналіз. 2012. № 10(4). С. 203–206.
Чуприна Ю. А., Петренко Г. С., Гриненко І. М. Методологічна регламентація та аналітико-інформаційне забезпечення процесно-орієнтованого менеджменту в сучасній системі будівельного девелопменту. Управління розвитком складних систем. 2021. № 48. С. 125 – 134, dx.doi.org10.32347/2412-9933.2021.48. 125-134.
Ізмайлова К. В. Фінансовий аналіз у будівництві. Навч. посіб. – К.: Київ. "Кондор". 2007. - 236 с.
Bielienkova, O., Loktionova , Y., & Kalashnikov, D. (2023). Theoretical approaches and practical recommendations to the economic diagnostics of the business processes of the enterprise. Economy and Society, (56). https://doi.org/10.32782/2524-0072/2023-56-80
Rosynskyi, A. (2023). The economic potential growth management for real estate development company through automation and artificial intelligence technologies. Economics, Finance and Management Review, (3), 99–114. https://doi.org/10.36690/2674-5208-2023-3-99-114
Ізмайлова К.В. Урахування класу енергоефективності житлової будівлі у параметричному ціноутворенні. Шляхи підвищення ефективності будівництва в умовах формування ринкових відносин. 2019. 19 с.
Akselrod, R., Shpakov, A., & Ryzhakova, G. (2022). Economic and management predictors of the transformation of operating systems for construction development in the context of digitalization of the economy. Market relations development in Ukraine, 12(247), 113–121.
Bolila, N. (2022, March). Zaprovadzhennia tsyfrovykh tekhnolohii upravlinnia budivelnymy pidpryiemstvamy. In Proceedings of the international conference Aktualni problemy suchasnoho biznesu: oblikovo-finansovyi ta upravlinskyi aspekty (pp. 164-166).
Stetsenko, S., Sorokina, L., Izmailova, K., Bielienkova, O., Tytok, V., & Emelianova, O. (2021). Model of a Company Competitiveness Control by Means of Artificial Intelligence Tools. International Journal of Emerging Trends in Engineering Research, 9(2), 60-65.
Stetsenko, S., Hryhorovskyi, P. Ye., Menejljuk, O. I., Khyzhniak, V. O., & Ryzhakova, G. M. Multiple criteria models for proving investment and construction project efficiency. Organizational and technological model engineering in the construction industry: collective monograph – Lviv-Toruń Liha-Pres.
Економетричний інструментарій управління фінансовою безпекою підприємств будівництва: [моногр.] / Л.В. Сорокіна, А.Ф. Гойко, С.П. Стеценко, К.В. Ізмайлова та інші / За наук. ред. Л.В. Сорокіної, А.Ф. Гойко К.: Київський національний університет будівництва і архітектури, Кривий Ріг: Видавець ФОП Чернявський Д.О. 2-е вид. 2023. 453 с.
Downloads
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
