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Development of Industrial Enterprises' Dynamic Capabilities in the Digital Economy

Authors:

Yelena D. Vaisman and Natalya S. Nikiforova

Abstract:

The article considers a relevant problem of the readiness of Russian industrial enterprises to address the threats of hypercompetition under the digital economy. The authors construct a hypothesis on the possibility of overcoming these threats and building sustainable competitive advantages in conditions of the digital economy through forming and developing the industrial enterprises’ dynamic capabilities. The researchers develop a method for assessing dynamic capabilities, and adapt it to the Russian manufacturing industries. The paper presents the results of measuring the levels of the digital economy development in every sector and builds a positioning map of manufacturing industries in the coordinates “level of dynamic capabilities of an industry” and “degree of the digital economy development in an industry”. The authors specify four groups of industries, which differ in the degree of readiness to the development of the digital economy and in potential for such development. The findings can be useful for enterprises of the industries explored in the research to make decisions about investments into development of dynamic capabilities to form sustainable competitive advantages in the digital economy.

Keywords: industrial enterprise; strategic management; dynamic capabilities; digital economy; hypercompetition.

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For citation: Vaisman Ye. D., Nikiforova N. S. Razvitie dinamicheskikh sposobnostey promyshlennykh predpriyatiy v usloviyakh tsifrovoy ekonomiki [Development of industrial enterprises' dynamic capabilities in the digital economy]. Izvestiya Uralskogo gosudarstvennogo ekonomicheskogo universiteta – Journal of the Ural State University of Economics, 2018, vol. 19, no. 3, pp. 126−136. DOI: 10.29141/2218-5003-2018-9-3-11