Modern Transformations in the Economic Activity

Bozhidar Hadzhiev

Economic Studies journal, 2021, issue 8, 133-144

Abstract: In today‘s dynamic, electronic and open market world, the focus is on transformations of policies, strategies, systems, models and mechanisms related to the entrepreneurial and innovation potential of the business for effective management of the changes. This direction requires adequate analyses, assessments and control of the entrepreneurial and innovation potential through the prism of an overall view of the changes providing balanced benefits for the business, as well as for the nature and society. The more and more complex and fast transformations of the business require answers to the following questions: • What priorities and where should the analysis and control be focused on? • What is the update of the algorithms and the technologies for analysis and control? For some answers to these questions, developed and recommended are: • algorithm of a modern system for analysis and control in four main directions (value qualities of the subject; quality of the situation of current work or future work; quality of work, activity; quality of the result of the activity); • model for proactive analysis (GS1 system standards are combined with certain QMS standards); • model for analysis and assessment of the entrepreneurial and innovation potential of the enterprises; • algorithm of process innovations in the relation “business – circular economy – complex reengineering”; • model of digital infrastructure for the interrelation of the economic entities.

JEL-codes: L21 L25 L53 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:bas:econst:y:2021:i:8:p:133-144

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