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).
Registration of an entity in print media: Decision of the National Council of Ukraine on Television and Radio Broadcasting No. 1390 dated 11/16/2023. Media identifier: R30-02018
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Conceptual basis of strategic development of enterprises under the emergence of industry 5.0

# 24 120-124 Download/view the full text of the article

УДК: 658; 338.27; 004.9

DOI: https://doi.org/10.36887/2524-0455-2024-6-24

Belinskyi Volodymyr,
postgraduate student, Department of International Economics and Management,
Simon Kuznets Kharkiv National University of Economics,
https://orcid.org/0009-0002-7975-7008

The article examines the conceptual principles of strategic development of enterprises in the conditions of the formation of Industry 5.0. Industry 5.0 is the next stage of industrial development, which combines the achievements of the fourth industrial revolution with human-centered, stable, and sustainable principles. The main challenge for enterprises is a harmonious combination of technological innovations and socio-economic needs. The study’s relevance is determined by the need for enterprises to adapt to new conditions dictated by the emergence of Industry 5.0. Traditional approaches to strategic development are losing their effectiveness in today’s digital transformation, intelligent automation, and a human-centric approach. In this connection, there is a need for new approaches to the strategic development of enterprises. The main challenges and opportunities facing modern enterprises in the context of digital transformation, intelligent automation, and a human-centric approach have been identified. The key directions of forming enterprise development strategies, which are based on sustainable development, innovation, and adaptability principles, are substantiated. A strategic management model that considers the synergy of technological innovations and socio-economic factors is proposed. The emergence of Industry 5.0 requires enterprises to adopt new approaches to strategic management focused on the synergy of technological progress, social responsibility, and sustainable development. Successful enterprises of the future will be those that can respond flexibly to challenges, effectively integrate digital technologies, and create value for society. The study’s results indicate that enterprises’ strategic development in Industry 5.0 should be based on integrating digital technologies, adaptive management, and orientation towards sustainable development. The proposed management model allows enterprises to increase work efficiency, ensure competitive advantages, and adapt to changes in the external environment. It is recommended that enterprises intensify investments in digitization, develop personnel potential in high technologies, and use analytical tools to monitor strategic development.

Keywords: Industry 5.0, strategic development, digital transformation, sustainable development, innovation, entrepreneurship, enterprise management, strategic development management, enterprise.

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The article was received 02.11.2024

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Belinskyi Volodymyr. 02.11.2024. Conceptual basis of strategic development of enterprises under the emergence of industry 5.0. The journal "Actual problems of innovative economy and law". 2024 / #6. 120-124pp. https://doi.org/10.36887/2524-0455-2024-6-24

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Belinskyi Volodymyr. "Conceptual basis of strategic development of enterprises under the emergence of industry 5.0". The journal "Actual problems of innovative economy and law". 02.11.2024. https://doi.org/10.36887/2524-0455-2024-6-24

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