ACTUAL PROBLEMS DEVELOPMENT OF ECONOMICS
Aim. IThe presented study aims to identify current trends and key directions for the introduction of quantum technologies into the management practices of Russian credit institutions to improve their performance in the medium term.
Tasks. The authors comparatively analyze current trends in the application of quantum technologies in the banking business; forecast key trends in their development in the medium term in the context of the Russian banking sector.
Methods. The authors use the methods of comparative and system analysis, scientific abstraction, and hypothesis.
Results. Practical examples of the introduction of modern quantum technologies in the foreign and Russian banking business are provided. As a result, priority directions and areas of their application are identified with an emphasis on the domestic banking sector: credit scoring, assessment of the value and risk of investment, diversification of investment portfolios, financial forecasting, crisis prediction, fraud detection, protection of banking and customer databases from the quantum threat, and increasing the level of banking cybersecurity in general.
Conclusions. Despite the novelty of quantum technologies in the banking business, the role they will play in banking in the near future is difficult to overestimate. Quantum computers can significantly improve the performance of banking IT systems by solving computational tasks that even super-powerful conventional computers are not able to tackle on their own. They significantly increase the efficiency of modeling complex systems and processes; accelerate the soultion of problems associated with resource optimization, logistics, finance, and trading; simplify work with big data using artificial intelligence (AI) and machine learning models in neural networks; help to combat cyber attacks and fraud in financial markets.
SUSTAINABLE DEVELOPMENT
Aim. The presented study aims to analyze Russian and international experience in the development of measures aimed at reducing the negative impact of climate change and adapting to it; to examine the impact of certain regulatory mechanisms on the business of domestic manufacturing companies.
Tasks. The authors investigate the experience of several Russian companies (through the example of ferrous metallurgy and the pulp and paper industry) in the introduction of innovative decarbonization technologies; assess the prospects for their use to achieve decarbonization.
Methods. This study analyzes Russian and foreign scientific literature, information from open sources, analytical materials and statistics of international organizations. The subject of the study is the approaches to solving the problem of decarbonization and achieving carbon neutrality.
Results. The ways to achieve carbon neutrality in ferrous metallurgy and the pulp and paper industry — the two industries that are major environmental pollutants — are considered in the context of measures aimed at combating the global processes of climate change and Russia’s strategy of socio-economic development with low greenhouse gas emissions until 2050. The prospects of an inertial way of achieving decarbonization and innovative options for the strategic development of low-carbon technologies are described. The prospects of a wider introduction of direct recovery technology in ferrous metallurgy are shown. In the pulp and paper industry, the possibilities of developing technologies for the production of nanocellulose based on the use of industrial waste are identified.
Conclusions. From the perspective of responding to climate challenges and achieving the optimal economic effect in ferrous metallurgy, the most strategically justified choice seems to be in favor of an innovative way of structural sectoral transformations aimed towards decarbonization and achieving carbon neutrality by reducing the carbon intensity of production through methods of carbon dioxide capture, use, and storage, and direct reduction of iron based on hydrogen. This conclusion corresponds to the strategy for the development of metallurgy adopted in 2022, which orients the industry toward the development and implementation of innovative lowcarbon technologies. In the pulp and paper industry, it seems promising to conduct further research to obtain innovative technologies for the production of nanocellulose.
Aim. The presented study aims to consider the relevance of research on green innovation in industrial companies using quantitative methods.
Tasks. The authors systematize major approaches to the definition of the concept of green innovation; consider the correlation between modern theories of innovation and innovative deve lopment and the concept of green innovation; analyze scientific papers on green innovation in the field of economics, management, and business.
Methods. This study uses the methods of literature analysis, quantitative data analysis, comparison, and classification.
Results. Approaches to the understanding of green innovation are summarized. In particular, the authors propose their own interpretation of environmental, value, technological, and ESG approaches. A logical diagram of the relationship between ESG factors and the implementation of green innovation is presented along with the authors’ definition of this phenomenon, the distinctive feature of which is that it takes into account the revealed relationship.
Conclusions. Quantitative assessment methods prove the high relevance of research on green innovation in the international community. At the same time, it is indicated that this interest is just beginning to emerge in Russian science. In conclusion, recommendations are proposed for increasing the scale of green innovation in Russian industry.
WORLD ECONOMY
Aim. The presented study aims to investigate the nature of major challenges and obstacles that international companies are facing and to determine directions for using artificial intelligence (AI) technologies in the context of the digital transformation of the economy, global regionalization, and market fragmentation.
Tasks. The authors analyze the legal framework for the use of AI technologies by international companies; identify challenges and obstacles for the implementation of business strategies in different countries; determine directions for the use of AI technologies in international business.
Methods. This study uses the descriptive method, abstraction, deduction and induction, analysis and synthesis.
Results. Based on the performed analysis, challenges and obstacles for implementing business strategies in various countries are identified, including regulatory, personnel, organizational and technological ones. Key development areas for international companies include smart HR policy, formation of flexible business models, analysis of customer and employee needs to prevent crisis situations and predict market trends, automation of production and reduction of costs using AI technologies, and formation of functional ecosystems that optimize cooperation, making it well-timed and well-managed.
Conclusions. The findings of the study make it necessary to rethink the use of AI technologies as a tool for analyzing the requests and needs of both customers and potential employees in international business. There is an assumption that new directions for international business development will appear later. This will distort the current market situation, but adaptability and flexibility will remain key qualities that will allow an international company to ensure stability and competitiveness in the near future.
STATE ECONOMIC POLICY
Aim. The presented study aims to identify, systematize, and describe the specific features of public administration of business activity in the interests of creating and improving innovation climate, which ensures the acceleration of innovative development of the Russian economy under modern conditions.
Tasks. The authors explore the essence of the current stage in the development of the innovative economy and the shift towards a post-industrial society in Russia; determine the nature of the influence of public administration tools and market self-regulation on the development of innovation climate; form and describe system units that determine the effectiveness of public administration of business activity and stimulation of its innovative activity; identify trends and specific aspects of management tasks in the field of the government’s influence on the level of innovation susceptibility of a wide range of economic entities.
Methods. This study uses general scientific research methods (logical and systems approaches), expert assessments, and methods of strategic and situational analysis to establish cause-andeffect relationships, as well as generalization and description of the obtained results.
Results. The proposals made by the authors substantiate the modernization of macro-, meso-, and sectoral policies in the field of innovation climate development based on improving business activity and stimulating interest in using innovation as a development tool. The ambiguity of the modern competition mechanism in the market of innovations and innovative products is observed due to the scale and direction of the business, which implies the transformation of the public administration system, especially in the field of antimonopoly regulation. Requirements to national policy in the field of science and education with regard to the search for an effective relationship between the development of fundamental and applied science to ensure the quality of economic growth and achieve economic and other types of security are clarified. The need to modernize development institutions and innovation infrastructure under modern conditions characterized by regionalization and the formation of economic block structures is confirmed.
BUSINESS MANAGEMENT
Aim. The presented study aims to analyze separate pricing models in catering and retail enterprises operating in the middle price segment in the context of increased competition.
Tasks. The authors use non-systematic search for unique offers on the Internet to select two cases: a model of fair prices in catering and subscriptions to grocery stores; analyze each of the concepts and identify their common features; evaluate the benefits of using the examined practices.
Methods. This study uses general scientific methods of analysis and synthesis, comparative and stakeholder analysis, and case study.
Results. The study investigates the experience of using separate pricing tools in retail and catering enterprises. Using the case study method, the true cost model in the restaurant business (when the guest pays an admission fee, and the entire range of dishes is then available at cost) and subscriptions for retail food products are analyzed in detail. Criteria to determine the optimal separate pricing tool and customize it according to the characteristics of each service enterprise are presented.
Conclusions. The tools explored in the study should be valuable to both the customer and the company. Therefore, they imply a system of restrictions. Despite the atypical conditions and the presence of a system of restrictions necessary to maintain the economic feasibility of these models, there are certain situations in which customers can benefit from them. A monetization system that enables separate billing of the main and additional elements of the service can be introduced into the marketing strategies of firms, reflecting the customer centricity of companies.
Aim. The presented study aims to develop the theoretical foundations of corporate governance in transnational corporations (TNCs) in the context of specifying the economic content of this concept based on a critical analysis of existing approaches to its interpretation.
Tasks. The authors systematize and critically analyze existing approaches to the interpretation of corporate governance of TNCs; clarify the definition of corporate governance based on the organizational and socio-economic peculiarities of modern TNCs.
Methods. The methodological basis of this study includes subjective, historical, and civilizational approaches. The study uses the methods of analysis, grouping, and systematization. The materials used include works of well-known scientists and economists on the problem under consideration.
Results. The authors critically analyze literary sources on the problem of identifying the economic essence of corporate governance of TNCs. Four major approaches to the interpretation of corporate governance reflecting the evolution of this phenomenon are identified and described: center-right approach (corporate governance is considered as a legalized voluntary agreement between the owners and the executive body in connection with the management of the corporation’s economic activities); managerial approach (corporate governance serves to resolve the conflict of interests between shareholders acting as real owners and professional managers who actually manage the corporation); shareholder-centered aprroach (corporate governance is considered from the perspective of shareholders’ interests and the growth of stock prices in the stock market is used as the main criterion of TNC performance; socially oriented approach (emerged in response to the growing rejection of social inequality by the population and employees as a result of the TNCs’ focus on maximizing profit, environmental problems, strengthening of ideological and political opponents of the neoliberal economy; this approach comprises many concepts, such as the concept of corporate social responsibility, corporate social capital, knowledge network theory, and the concept of the company participation). As the theory and practice of corporate governance developed, the emphasis in its interpretation shifted from owners to managers, from managers to shareholders and, finally, from shareholders to a wide range of interested parties (the state, the local community, employees, contractors).
Conclusions. Based on the analysis of viewpoints and the study of the distinctive characteristics of modern corporate governance, the following refined definition is proposed: corporate governance of TNCs is the organizational and economic relations between professional top managers, capital owners, labor collectives, public administration bodies, and other stakeholders in the context of the implementation of the corporation’s strategic goals by ensuring the effeciency of the mechanism for making effective decisions and monitoring the results.
Aim. The presented study analyzes customer relationship management and the role of consumers in the marketing communications system.
Tasks. The authors show the importance of customer relationship management systems for the promotion of goods and services produced by the organization and the formation of a complex of marketing communications; explore existing problems and approaches to managing relationships with consumers; identify the components of CRM systems; determine the role and forms of user participation in the formation of media content and models of its consumption.
Methods. The theoretical and methodological basis of the study includes works of Russian and foreign authors on the problem under consideration. General scientific methods of cognition are used to investigate major approaches to managing relationships with consumers, methods and tools of interaction with consumers, including through the creation of CRM systems.
Results. It is substantiated that the organization’s clients are an invaluable asset of the business, and the relationship with them needs to be managed. A CRM system makes it possible to track the history of customer relationships and implement loyalty programs, involving consumers in the product’s value chain through the formation and use of user content. The outflow of consumers from traditional media to social networks and search engines facilitates the convergence of consumers and producers. Users participate in the creation of media products by writing reviews, recommendations, blogs, taking part in online training seminars, and engaging in digital art.
Conclusions. Achieving long-term relationships with consumers, managing customer relationships, and using user content to promote goods and services contribute to improving the effectiveness of the organization’s marketing communications system. A CRM system is both a tool for automating the organization’s business processes and managing channels of interaction with consumers, and a customer orientation strategy. Information about geographical, demographic, behavioral and other characteristics of consumers contained in CRM systems helps to make the right marketing decisions.
Aim. The presented study aims to describe the process of improving the sports organization management system by handling faults in processes.
Tasks. The authors analyze organizational, staff-related, and methodological aspects of fault handling; propose an interpretation of quality management methods for organizations offering services rather than products; provide an example of comprehensive application of fault handling methods in a sports organization; identify potential impact sources of the proposed approach.
Methods. Continuous improvement of the sports organization management system is based on the formation of a fault handling unit. Organizationally, fault handling can be performed by a permanent committee with certain rules of procedure. Methodologically, the authors propose building it using conventional quality management methods. These include Pareto diagram, Ishikawa diagram, and analysis of causal relationships.
Results. The use of statistical methods in fault handling for a sports organization providing sports and wellness services is exemplified. Interpretation of the methods used for service organizations is an important aspect that is not always obvious. The examined methods serve as an integral part of the methodological basis of fault handling. They are interrelated and used comprehensively.
Conclusions. By using a set of statistical methods for fault handling in a sports organization, it is possible to implement one of the basic principles of quality management – continuous improvement of processes and procedures. Formalization of work using statistical methods improves the quality of the decisions taken. The proposed approach to fault handling makes it possible to eliminate not only their consequences, but also the causes.
MATHEMATICAL MODELING, SYSTEM ANALYSIS
Aim. The presented study aims to develop an optimal model of a software module for generating personalized offers.
Tasks. The authors investigate the functional requirements of a module for dynamic generation of personalized offers; analyze the necessary integrations (inputs and outputs); choose the optimal architecture for the module based on the tasks assigned to it and best practices; develop a model of a module for the specified types of generated offers.
Methods. This study uses general scientific methods (analysis, synthesis, monographic method, grouping). Best practices of building recommendation systems designed to work with big data are investigated, and the most promising approaches in terms of further development and potential for integration are highlighted.
Results. The functional requirements of a module for dynamic generation of personalized offers and the tasks performed by it are formulated. Best practices of building recommendation systems designed to work with big data are analyzed. The most promising technological configuration of a module for dynamic generation of personalized offers is determined. A model of a module for generating personal offers is developed.
Conclusions. The capabilities of processing large amounts of data make it possible to significantly increase the effectiveness of marketing tools, particularly by training software to automatically generate advertising offers of additional services, choosing the optimal delivery channel, type, class of service, and stage of the customer lifecycle. A module for generating personalized offers can work only as part of software that performs several advanced functions (such as collecting, storing and processing customer data, clustering customers, collecting feedback on customer actions, training based on user actions, and many others). Therefore, the architecture of a dynamic offer generation module should be designed for effective integration with software and work with large amounts of data generated by the airline. During the study, a model of a module for generating personalized offers satisfying the requirements described above is developed.
SCIENTIFIC RESEARCH OF YOUNG SCIENTISTS
Aim. The presented study aims to analyze the peculiarities of taxation in the implementation of projects using the mechanism of public-private partnership (PPP).
Tasks. The author considers the forms and principles of PPP; analyzes the specifics of taxation in PPP; determines tax liabilities in the context of project implementation stages.
Methods. This study uses general scientific research methods: analysis, synthesis, comparison, and generalization.
Results. The essence of PPP is revealed. The author describes the basic principles and specific aspects of the implementation of projects based on PPP. Special tax conditions for the concessionaire and the private partner are analyzed in the context of taxes and tax obligations under the concession agreement and the PPP agreement are grouped to identify the distinctive features of the tax regime under PPP.
Conclusions. In light of the trend of implementation of investment projects and infrastructure development facing insufficient investment in projects, PPP can be viewed as an effective tool. Attracting financing for infrastructure projects requires creating favorable conditions for investors, including state guarantees and tax incentives. In this regard, this study examines the peculiarities of taxation of organizations, in particular special project companies, in the implementation of projects using the PPP mechanism.
Aim. The presente study aims to evaluate the relevance of decarbonization of the Russian energy industry in the context of the latest crisis; to identify emerging and prospective problems; to determine their prerequisites and ways to overcome them.
Tasks. The authors systematize mechanisms available before the crisis aimed at supporting the development of renewable energy sources (RES) in Russia and assess the extent of their functioning at the time of writing; determine how today’s economic challenges will affect the introduction of new low-carbon energy sources; evaluate the possibility of engaging the population in the decarbonization of the energy industry through an in-depth interview of an expert group.
Methods. This study uses analysis of the regulatory framework and other industry sources and in-depth interview of an expert group to identify negative trends in the further reduction of the carbon footprint in the energy industry and investigate the prerequisites for the engagement of the Russian population in decarbonization.
Results. On the way to reducing the carbon footprint in the energy sector, new renewable energy facilities will face the first difficulties. The postponement of the 2022 selection of RES projects for one year and the provision of a non-penalized two-year delay in the introduction of RES have actually shifted the commissioning of new capacities by three years. The departure of localized producers of wind turbines contributes to a shift in the timing and a decrease in the volume of commissioning of new wind farms in Russia. The traditional energy sector faces similar problems due to the withdrawal of major gas turbine manufacturers from the market. A survey of the representatives of the expert community (industry specialists) showed that experts as household consumers of electric and thermal energy consider the problem of ecology to be still relevant. They are generally positive about the further development of low-carbon generation and are ready to support the decarbonization of the energy industry, but with no more than a 10-20 % surcharge to the existing tariff.
Conclusions. Compliance with the global trend of energy transition for Russia presents multiple challenges in the context of the latest crisis. Withdrawal of the manufacturers of high-tech equipment from the market, reduction of green energy exports, and expiration of green international certificates have significantly slowed the pace of decarbonization. However, a survey of the expert community of industry specialists shows that the development of environmentally responsible consumption of electric and thermal energy in Russia can attract green investment in the country’s energy sector from the population.