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THE IMPACT OF DIGITAL PLATFORMS ON INDUSTRIAL ENTERPRISES: АN EMPIRICAL ANALYSIS IN THE CONTEXT OF EXTERNAL SANCTION PRESSURE

https://doi.org/10.17747/2618-947X-2023-2-150-163

Abstract

The rapid technological revolution, the shortening of the life cycle of many products, the spread of the principles of ‘universal connectivity’ in industry are forcing manufacturers to develop new business models that reduce the time to market products, increase productivity, and create new principles for delivering value to consumers and interacting with partners. Platform business models are the answer to these challenges. At the same time, industrial companies are increasingly not only platform participants but also platform registrants themselves. Based on the identified strategies for the implementation of different types of business models by industrial companies, the article discusses the potential impact of their implementation. The research presented provides a new perspective on the relationship between the chosen combined models of platform solutions and the performance of industrial companies in the context of sanctioned restrictions on access to financial capital. The empirical analysis allowed us to draw conclusions about the greatest impact on the financial results of the choice of the ‘leader’, ‘diversifier’ and ‘advanced e-commerce’ models when these companies operate on international platforms. To diversify and enter new markets — the ‘leader’ and ‘diversifier’ models and the choice of the ‘extended e-commerce’ model prevent the creation of new markets. The choice of a particular model for implementing platform solutions is influenced (with the highest degree of significance) by the availability and access to the financial capital of industrial companies.

About the Authors

A. V. Trachuk
Financial University under the Government of the Russian Federation (Moscow, Russia), JSC ‘Goznak’ (Moscow, Russia)
Russian Federation

Dr. Sci. (Econ.), professor, professor and head of the Department of Strategic and Innovative Development of the Faculty «Higher School of Management», Financial University under the Government of the Russian Federation, General Director of JSC ‘Goznak’ (Moscow, Russia). ORCID: 0000-0003-2188-7192.

Research interests: strategy and management of business development, innovation, entrepreneurship and modern business models in the financial and real sectors of the economy, dynamics and development of e-business, operational experience and prospects for the development of natural monopolies.



N. V. Linder
JSC ‘Goznak’ (Moscow, Russia)
Russian Federation

Dr. Sci. (Econ.), professor, deputy editor-in-chief, professor at the Department of Strategic and Innovative Development of the Faculty «Higher School of Management» at Financial University under the Government of the Russian Federation (Moscow, Russia). ORCID: 0000-0002-4724-2344.

Research interests: strategy and development management of enterprises, development strategy formation of industrial enterprises in the context of the Fourth Industrial Revolution, innovation transformation of business models, dynamics and development of e-business, corporate strategy of enterprises in the energy sector in the context of the Fourth Industrial Revolution and exit strategies of Russian enterprises in the international markets.



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For citations:


Trachuk A.V., Linder N.V. THE IMPACT OF DIGITAL PLATFORMS ON INDUSTRIAL ENTERPRISES: АN EMPIRICAL ANALYSIS IN THE CONTEXT OF EXTERNAL SANCTION PRESSURE. Strategic decisions and risk management. 2023;14(2):150-163. https://doi.org/10.17747/2618-947X-2023-2-150-163

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ISSN 2618-947X (Print)
ISSN 2618-9984 (Online)