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Strategic decisions and risk management

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Vol 17, No 1 (2026)
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Статьи

10-19
Abstract

Corporate governance of information systems (IS) is institutionalized across most parts of the public sector in South Africa, yet its practical implications for service delivery remain underexplored. Previous ICT governance literature has primarily focused on governance systems, institutional limitation, procurement infrastructure, and leadership agency. This paper shifts the focus to the service-delivery implications of IS governance. The study draws on qualitative data from 55 Government Information Technology Officers (GITOs) across national, provincial, and local government to examine how governance arrangements affect service timeliness, system reliability, organizational adoption, and operational continuity. The findings suggest that IS governance functions as an indirect conditioning factor shaping service delivery, particularly through delays in implementation, compliance-driven processes, and uneven institutional capability. At the same time, well-implemented and embedded governance practices can facilitate greater service stability and coordination. By linking ICT governance to tangible service delivery outcomes, the article contributes a downstream perspective to information systems governance research in developing-country context.

20-34
Abstract

Nigeria is home to Africa’s second-largest e-commerce market. This growth has been driven by innovations in technology, logistics, and online payment systems. This study investigates the impact of e-commerce on the Nigerian economy using Konga and Jumia as case studies. The autoregressive distributed lag (ARDL) model and monthly time-series data for the period 2017M1–2023M12 were employed. The results reveal statistically significant short- and long-run effects of e-commerce on the Nigerian economy through the activities of Konga and Jumia. Specifically, the number of users conducting transactions on Konga and Jumia, telecommunication investment in both the short and long run, and the number of internet users in the short run were found to have a statistically significant effect on Nigeria’s economic growth. The study recommends that the government increase investment in telecommunications and improve internet access in order to stimulate e-commerce development, expanding digital trade both domestically and across borders, and promote economic growth.

35-46
Abstract

The automotive industry in India is undergoing a rapid digital transformation, necessitating a skilled workforce proficient in emerging technologies. However, multiple barriers impede the effective adoption of such a workforce. This study aims to analyze the interrelationships and hierarchical structure of these barriers within the Indian passenger vehicle sector. Data were collected through semi-structured interviews conducted between April 2024 and July 2025 with senior professionals from leading automotive companies and academicians with established publications in the field (ABDC A- or B-ranked journals). Of the 40 potential respondents approached via email and LinkedIn, 10 provided written consent and participated in the interviews. The responses were transcribed and subjected to thematic analysis, which identified ten key barriers influencing skilled workforce adoption in the era of automotive digital transformation. Interpretive Structural Modeling (ISM) was used to establish the hierarchical structure of these barriers, while MICMAC (Matrice d’Impacts Croisés-Multiplication Appliquée à un Classement) analysis was employed to classify them according to their driving and dependence power. The root causes appear to include poor training infrastructure, shortcomings in industry-academia collaboration, and policy inefficiencies. These root causes strongly influence other dependent barriers, such as the limited availability of digital skill sets, the high cost of upskilling, and low workforce adaptability due to organizational resistance to change. This structured understanding provides strategic insights for policymakers, industry leaders, and educators seeking to design targeted interventions to strengthen the digital workforce ecosystem in India’s passenger vehicle sector.

47-62
Abstract

The article substantiates the need to significantly strengthening engineering and economic education as a critical factor in achieving innovative leadership amid digital transformation and escalating shock changes. It identifies a systemic gap between engineering, economic, and managerial training, which results in low market demand for technological solutions and limits their scalability and competitiveness. The novelty of the study lies in the development of a comprehensive methodology for engineering and economic design that fosters specialists’ ability to “think from the future,” that is, to engage in proactive management and the design of leadership strategies. The article presents the authors’ experience in developing and using a specialized scientific and educational platform, a digital teaching-and-training complex, and simulators as tools for advanced training in relevant competencies. The recommendations formulated in the article are proposed by the authors as a discussion document for the professional community.

63-72
Abstract

The organization of power supply at construction sites in Russia, particularly in remote and climatically challenging regions, is characterized by a high dependence on diesel generators for temporary power supply. Fuel delivery is associated with increasing costs, price volatility, and a significant environmental footprint. This article examines the use of hybrid power supply systems (wind turbines, solar photovoltaic panels, and battery storage) as an alternative to conventional diesel-based power supply schemes. Hybrid energy solutions combining diesel generators with renewable energy sources can improve the reliability and economic efficiency of power supply. Rising fuel prices, environmental concerns, and the growing availability of renewable energy technologies are stimulating the adoption of hybrid power supply systems at large construction sites. The methodological framework of this study includes calculations of the Levelized Cost of Electricity (LCOE), Internal Rate of Return (IRR), and Net Present Value (NPV), as well as sensitivity analysis with respect to fuel price fluctuations and wind conditions. The article also presents a comparative analysis of Russian and international practices, demonstrating the increasing role of hybrid power supply systems in the construction sector. The results indicate the high investment attractiveness of hybrid technologies and their potential for scaling up within national programs for economic and construction sector development.

73-83
Abstract

The security of an economic entity’s information and the infrastructure that supports it remains one of the key challenges at the current stage of economic relations. Unauthorized access to information, accidental or malicious impacts on information, and third-party intrusion into the operation of the supporting infrastructure threaten to reduce economic benefits and cause damage to economic entities, both legal entities and individuals. Under these conditions, one of the tasks of an organization’s economic security service is to prevent threats and mitigate risks related to unauthorized access to sensitive and financial information about the enterprise and to employees’ personal data. The objective of the study is to develop methodological recommendations for organizing the process of managing enterprise information security risks. In the course of the study, the authors obtained the following scientific results: the elements of information security (information protection, access restriction, encryption, security system, two-factor authentication, information transfer, document forgery, verification of the vulnerability of the information source, and information authenticity) were examined comparatively, considering both their current state and their historical development; information on participants involved in information theft and methods of unauthorized access was systematized; factors limiting compliance with personal data protection principles were analyzed; and information security risks were systematized in the context of object-vulnerability-threat. The practical significance of the research results lies in the possibility of integrating them into an organization’s management system and developing an internal control system to minimize threats and mitigate the risks of unauthorized access to sensitive and financial information and employees’ personal data.

84-93
Abstract

The personal maturity and professional competence of top management teams (TMTs) are increasingly recognized as critical factors for ensuring organizational sustainability and competitiveness in contemporary strategic management research. This study presents a systematic review of the academic literature examining top management teams and their contribution to the strategic success of organizations. A total of 41 publications indexed in the Web of Science and Scopus databases between 1980 and 2025 were analysed. The review findings indicate that research on the TMT concept is predominantly characterized by the use of quantitative methodologies and a focus on economically developed countries. At the same time, several important areas remain underexplored, including the transformation of top management teams in organizations pursuing long-term strategic orientations, the internal cognitive and behavioral processes within teams, and the specific features of TMT functioning in companies operating in emerging economies. The identified research gaps highlight the need for further empirical and qualitative studies aimed at deepening the understanding of the mechanisms underlying the formation and transformation of top management teams and their influence on organizational strategic resilience.

94-105
Abstract

This article presents a practical approach to uncertainty and risk management in oil and gas production, drawing on LUKOIL’s project experience. It describes, in detail, the step-by-step procedures used to identify, assess, and manage uncertainties and risks through Uncertainty Management Plans and Risk Management Plans (hereinafter referred to as UMPs/RMPs). In this context, UMPs/RMPs are not merely formal documents, but a working culture and discipline embedded in the day-to-day activities of project teams. Their application makes it possible to avoid catastrophic errors through explicit consideration of pessimistic scenarios, maximize asset value by selecting more realistic and flexible solutions, facilitate effective discussion of uncertainties and risks between technical specialists and project or asset managers, and shift the focus from searching for a single correct answer to managing a portfolio of opportunities. The use of UMPs/RMPs enables project teams to move from the illusion of full control to a more realistic and effective mode of operation. By adopting this systematic approach, oil and gas companies are able to make balanced decisions in one of the world’s most uncertain industries.



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