Theoretical and methodological approach to forming a digital transformation strategy for enterprises in the investment and construction sphere

Authors

DOI:

https://doi.org/10.32347/2707-501x.2022.49(2).360-372

Keywords:

construction, construction enterprises, digitalization, technological changes, innovations

Abstract

This study aims to investigate and evaluate the main components of the theoretical and methodological approach to the formation of various types of strategies that are based on the digital economy and allow the use of information technologies. To consider the main theoretical approaches to justifying and determining the need to take into account digitalization by enterprises in the investment and construction sector. Taking into account the specific characteristics of the activities of investment and construction enterprises, optimal methods and an algorithm for developing a digitalization strategy for investment and construction enterprises are proposed. The recommended structure of the digital transformation strategy is considered and the functional blocks identified by the author as a result of its analysis are universal in nature and can be used by any organization or enterprise in both the public and private sectors of the economy, regardless of industry affiliation. However, the specifics of a particular industry may impose some features on the process and content of the digital transformation strategy, taking into account such industry features will increase the practical significance of approaches, methods and tools for its formation.

Based on the above, the author has formed a methodological approach to the formation of a digital transformation strategy for enterprises in the investment and construction sector.

References

Agadzhanova, S. V. (2019). The Role of Information Technology in Business Process Reengineering. Tekhnolohiyi XXI storichchya: 25-a Mizhnarodna naukovo-praktychna konferentsiyia - 21st Century Technologies: 25th International Scientific-Practical Conference (Vol. 2, pp 39-40). Sumy: http://repo.snau.edu.ua/bitstream/123456789/8116/1/1.pdf [in Ukrainian]

Azhar S. (2011). Building information modeling (BIM): Trends, benefits, risks and challenges for the AEC industry. Leadership and management in engineering, 11(3), 241-252.

Babak O. (2011) Reengineering as a modern tool for innovation of enterprises. Proceedings of the Economic Bulletin of Pereyaslav-Khmelnytsky State Pedagogical University,no. 17/1, pp. 55–60

Bharadwaj A. Digital business strategy: Toward a next generation of insights / A. Bharadwaj, O. El Sawy, P. Pavlou, N. Venkatraman // MIS Quarterly: Management Information Systems. 2013. №37(2), P.471-482.

Chupryna Y Reengineering of the Construction Companies Based on BIMtechnology International Journal of Emerging Trends in Engineering Research Volume 6. No. 8, August 2020 pp. 4166-4172.

Frenk E.S., Savina D.N., Suchkova M.A., Kornilova E.V. Business process reengineering. Law, economics and governance: from theory to practice. 2020. No. 14. P. 107–109.

Foerster, A., Engels, G. & Schattkowsky, T., 2005, ‘Activity diagram patterns for modeling quality constraints in business processes’, Paper Presented at the Model Driven Engineering Languages and Systems, Berlin, Heidelberg, 02-07th October.

For Choi, C. & Chan, S.L., 1997, ‘Business process re‐engineering: Evocation, elucidation and exploration’, Business Process Management Journal 3(1), 39–63. https://doi.org/10.1108/14637159710161576

Hammer, M. “Reengineering Work: Don’t Automated, Obliterate,” Harvard Business Review, July-August 1990, pp. 104-112., Hammer, M., and Champy, J. Reengineering the Corporation: A Manifesto for Business Revolution, Nicholas Brealey Publishing, London, 1993

Honcharova, O. M. (2012). Reinzhynirynh biznes-protsesiv yak sposib pidvyshchennia efektyvnosti upravlinnia. Efektyvna ekonomika. № 2. URL: http://nbuv.gov.ua/UJRN/efek_2012_2_27

Hosley, W. N. (1987). The application of artificial intelligence software to project management / Project Management Journal, 18(3), 73–75

Johansson M. and Roupé M. (2019). BIM and Virtual Reality (VR) at the construction site. Proceedings of the 19th International Conference on Construction Applications of Virtual Reality. https://research.chalmers.se/publication/513799/file/513799_Fulltext.pdf

Johansson M. and Roupé M. (2022). VR in construction – multi-user and multi-purpose. Proceedings of the 22nd International Conference on Construction Applications of Virtual Reality. 227 https://research.chalmers.se/publication/533824/file/533824_Fulltext.pdf

Kettinger, W.J., James, T.C.T. & Guha, S., 1997, ‘Business process change: A study of methodologies, techniques, and tools’, MIS Quarterly 21(1), 55– 80. https://doi. org/10.2307/249742

Kotlik A. (2011) Pobudova systemy pokaznykiv dlia otsinky konkurentospromozhnosti biznes-protsesiv pidpryiemstva [Building a system of indicators to assess the competitiveness of business processes of the enterprise]. Proceedings of Development management, no. 21 (118), pp. 30-32.

Miller D. Organizations : A Quantum View / D. Miller,P. Friesen, H. Mintzberg. –Prentice Hall, 1984. – P. 68–86.

Mihaylenko, V., Honcharenko, T., Chupryna, K., Liazschenko, T. Reengineering of the construction companies based on bim-technology International Journal of Computing, 2021, 20(1), с. 55–62 229

Shostak, L., Blyznjuk, A., & Boghdan, M. (2019). Upravlinnia biznesprotsesamy: vitchyznianyi i zarubizhnyi dosvid [Business Process Management: Domestic and International Experience]. Ekonomichnyi naukovo-praktychnyi zhurnal «Ekonomika i suspilstvo» - «Economics and Society» Economic Scientific-Practical Journal, 20, 433-440.

Published

2022-04-11

How to Cite

Leshchinsky, V. (2022). Theoretical and methodological approach to forming a digital transformation strategy for enterprises in the investment and construction sphere . Ways to Improve Construction Efficiency, 2(49), 360–372. https://doi.org/10.32347/2707-501x.2022.49(2).360-372