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The Cyber Economy as an Outcome of Digital Modernization Based on the Breakthrough Technologies of Industry 4.0 Read chapter Read first chapter

2019 | OriginalPaper | Chapter

Diversification of Issued Goods as the Basis for Stable Economic Development Under the Conditions of the Cyber Economy

Author : Alexander A. Chursin

Published in: The Cyber Economy

Publisher: Springer International Publishing

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Abstract

This chapter focuses on the role of diversification in providing stable economic development for organizations under the modern conditions of the cyber economy. The author identifies the main directions in which diversification of the activities of science-driven companies should be supported by the government.
The first direction includes a complex set of measures to improve the mechanisms of state regulation, which stimulate the intensive development and implementation of innovative solutions by industrial companies. The second direction proposes the development of national projects for the development and manufacture of industrial science-driven innovative products that conform to the requirements of the sixth and seventh technological modes. The third direction includes state measures to stimulate investment into various sectors of the economy to support the sustainability of innovative development, the creation of systemic elements for the Russian innovative system, and mechanisms to attract assets from nongovernmental sources into the Russian innovative ecosystem to activate new business.
In order to evaluate the optimality of these directions for company diversification and their economic effects, proprietary mathematical tools are used, which allow cyber systems to make the corresponding conclusions and evaluations.
The chapter illustrates the key role of cyber economic systems. In current conditions, only the effective usage of cyber economic and flexible production systems can ensure a company’s continuing competitiveness and sustainable economic development.

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previous chapter State Regulation of the Cyber Economy Based on the Breakthrough Technologies of Industry 4.0
next chapter Preconditions for the Transition of Developed and Developing Countries to the Cyber Economy Through the Process of Digital Modernization
Literature
Chursin A, Makarov Y (2015) Management of competitiveness: theory and practice. Springer, HeidelbergCrossRef
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Chursin A, Vlasov Y, Makarov Y (2017) Innovation as a basis for competitiveness: theory and practice. Springer, HeidelbergCrossRef
Fudina E, Tumanova N, Kurmaeva I (2018) Features of diversification of production. In: Regional characteristics of the market socio-economic systems (structures) and their legal support of the IX international scientific and practical conference in Penza, Russian Federation, 2018, Moscow University named after S. Yu. Witte, Moscow, pp 235–239
Golodnov V (2018) Diversification of production of goods, products and services of enterprises. In: Advanced science proceedings of the II international practical conference in Penza, Russian Federation, 2018, Science and Education, Penza, pp 72–77
Heisenberg H, Belyakov N (2014) Methodical approaches to company’s industrial diversification management. In: The role commerce and marketing in the development of promising directions in the educational environment of the XXI century proceedings of the international scientific and practical conference, Yelm, Science Book Publishing House LLC, Yelm, pp 78–90
Hutzchenreuter T, Horstkotte J (2013) Performance effects of top management team demographic faultlines in the process of product diversification. Working paper, Strategic Management Journal, Proquest ABI/INFORM, USA, issue 34, № 6, pp 704–726
Li P-Y, Lo F-Y (2017) Top management teams’ managerial resources and international diversification: the evidence under an uncertain environment. Working paper, management decision. Emerald Group Publishing, BingleyCrossRef
Makarov A, Ryabova E, Khvostova I (2019) Problems of improving financial methods and models of sustainable development of the company. INFRA-M Publishing House, Moscow
Trifonov Yu, Trifonov V (2019) Formation of the strategies for sustainable competitive development of the enterprises and firms. In: Economics and management in XXI century: strategy of sustainable development of the V international scientific-practical conference in Penza, Russian Federation, Science and Education, Penza, pp 87–90
Metadata
Title
Diversification of Issued Goods as the Basis for Stable Economic Development Under the Conditions of the Cyber Economy
Author
Alexander A. Chursin
Copyright Year
2019
Publisher
Springer International Publishing
Book
The Cyber Economy

Print ISBN: 978-3-030-31565-8

Electronic ISBN: 978-3-030-31566-5

Copyright Year: 2019

DOI
https://doi.org/10.1007/978-3-030-31566-5_5

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