Information tools for enterprise management in Economics 4.0

Abstract

Purpose. To develop the structural and systematic approach to the efficient use of information tools for industrial enterprise management and to assess the level of impact of information technology on the growth in financial and economic indicators applying the analysis of financial and economic activities of the enterprise. Methodology. The results of the presented research were obtained using general and special methods of cognition (methods of comparative analysis, content analysis, logical generalization, method of scientific abstraction, analysis and synthesis, induction and deduction, methods of quantitative and qualitative comparison, the method of mathematical analysis). Findings. A structural and systematic approach to the use of information tools for industrial enterprise management has been developed. Using a comprehensive analysis of financial and economic activities of the enterprise, high importance and effectiveness are established of information technology Economics 4.0 to increase the effectiveness of management decisions to ensure the appropriate level of financial and economic performance of mining enterprises. It was proved that with the proper level of investment in modern energy efficient equipment and integrated application of information tools, due to combining technical and technological approaches with organizational, motivational, marketing and investment approaches to effective management decisions, energy efficiency of production is improved and production costs are reduced. Originality. A structural scheme of effective use of information tools for industrial enterprise management has been developed. This allowed conducting a rigorous scientific analysis of the application of these tools, stratifying their stages, identifying areas of managerial influence on the production, economic and financial aspects of the enterprise. High correlation dependence of financial and economic indicators of the enterprise on the value of intangible assets, in particular information and analytical purposes, has been established. Practical value. The value lies in the possibility of using the results of the study for research and development. The expediency of using information tools in the practical activities of mining enterprises was proved, the procedure, stages and directions of implementation of these tools were indicated.

Role of technological innovation for sustainable management of tourism organizations

“…Any sustainable future must include long-lasting and comprehensive solutions that aim not only at an ecological effect, but also compatible with socio-cultural and economic development [13][14][15][16][17][18]. Sustainable development is unthinkable without the implementation of innovative technologies [19][20]. Below we outline how technological innovations introduced by tourism organizations can limit the negative impact of tourism and support sustainable management in all its dimensions: ecological, sociocultural and economic.…”

Factors Influencing the Financial Situation and Management of Small and Medium Enterprises

“…They also asserted that small businesses are the primary engines of innovation, poverty alleviation, job creation, and social integration. Small-business development and economic growth in industrialized nations have a beneficial association (Harris and Gibson 2006;Taylor and Taylor 2014;Ushkarenko and Soloviov 2020;Rozin 2021;Vysochyn et al 2022). Furthermore, little study on this link has been undertaken in poor nations.…”