Actual problems of innovative economy and law

Journal "Actual problems of innovative economy and law" is included in category B for specialties: in the field of knowledge "Management and administration": 073, 076 (order of the Ministry of Education and Science of Ukraine dated 23.08.2023 No. 1035) and 071, 072, 075 (order of the Ministry of Education and Science of Ukraine dated 12.20.2023 No. 1543); in the field of knowledge "Social and behavioral sciences" 051 (order of the Ministry of Education and Science of Ukraine dated August 23, 2023 No. 1035); in the field of knowledge "Law" - 081 and "Public management and administration" - 281 (order of the Ministry of Education and Science of Ukraine dated 12.20.2023 No. 1543).
The journal is added to the List of printed scientific professional publications in the field of economic Sciences by the Ministry of education and science of Ukraine from КВ № 25436-15376ПР dated 13.01.2023.
The journal is indexed in the International Scientific Center of Index Copernicus International

Management of organizational transformations in the process of enterprise development

УДК: 658:338

DOI: https://doi.org/10.36887/2524-0455-2024-4-1

Nemashkalo Karina,
Candidate of Science (in Economics), Associate Professor,
Simon Kuznets Kharkiv National University of Economics,
https://orcid.org/0000-0002-8614-750X
Ostrikov Vadim,
PhD student of
Odesa National Technological University,
https://orcid.org/0000-0002-0929-8689
Maliuk Oleksandr,
PhD student of
Odesa National Technological University.
https://orcid.org/0009-0008-7656-0940

The article explores the critical aspects of transformation processes in the contemporary business environment and the role of leadership in their successful implementation. Enterprises operating in rapidly changing market environments often need organizational transformations to adapt to new conditions and ensure competitive development. The article examines the main stages and aspects of managing organizational transformations, including analyzing the organization’s needs and opportunities, developing change strategies, and planning and implementing new initiatives. The importance of strategic leadership in the transformation process is emphasized, as well as the necessity of engaging all levels of staff for successful change implementation. Special attention is paid to the critical success factors of organizational transformations. Among them are proper strategic leadership, creating a conducive corporate culture, effective change management, employee engagement, and the flexibility and adaptability of the organization to change. The article highlights the importance of technological innovations as a critical success factor in organizational transformations. The impact of digitization and cutting-edge technologies on business processes is examined, and the necessity of integrating these innovations into strategic planning is emphasized. Furthermore, the article addresses the importance of strategic partnerships in the transformation process. Collaboration with other organizations, experts, and consultants can provide access to additional resources and expert support, facilitating the successful implementation of changes. The article also analyzes the importance of evaluating the results of transformation processes and providing feedback for continuous improvement of management strategies and practices. The author calls for systematic monitoring and assessment of change effectiveness and the use of obtained data for process and strategy enhancement. In conclusion, the article illuminates the significance of managing organizational transformations for enterprise development in the contemporary business environment. The author underscores the importance of a comprehensive approach to this process, including strategic leadership, employee engagement, effective change management, and cutting-edge technologies.

Keywords: organizational transformations, enterprise development, strategic leadership, change management, corporate culture, employee engagement, technological innovations, strategic partnerships, evaluation of results, continuous improvement, business environment, competitive development, digitalization, innovation integration, strategic planning.

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The article was received 25.05.2024