Since 2012, North Korea has been introducing restrained reforms initiated by the new leader Kim Jong-Un himself after his father Kim Jong-Il’s death in December 2011. New industrial business management methods have appeared with the so-called “Taean work system” liquidated, family contracts, and other innovations that have been introduced in agriculture, while cooperative groups have remained intact. The main purpose of reforms in the economic structure and methods of economic management under Kim Jong-Un was to accelerate development and make a transition toward a modern innovative model, including technological renovation of the military-defense complex. The renovation was prompted by sweeping sanctions imposed on the DPRK by the U.S. and its military allies after the launch of the nuclear program and testing of medium-range missiles with nuclear warheads. Aim. The present study aims to examine the anatomy of economic reforms in the context of the new challenges and threats of the Twenty First Century, their possible impact on the DPRK achieving an average annual economic growth rate of 4%, and the impact of economic innovations in the DPRK on the peaceful dialog between North and South Korea, along with maintaining Asian security. Results. The authors show that the DPRK has taken the path of gradual economic reformation in the context of sanctions and lack of democracy, without abandoning its defensive military shield or refusing the support of its traditional allies China and Russia.

The present study examines the process of human resources management at the regional and corporate level through the lens of innovation processes pertaining to the regional economy. It reflects the processes of regional human capacity formation and its management within the context of Russia’s innovative development. Aim. The obtained results reveal those specific aspects of human resources management that facilitate the development and continuous improvement of human capacity through the educational system, the main purpose of which is to supply the national economy with a highly qualified workforce to meet the requirements of the labor market. Tasks. The author evaluates the actual volume of investment in regional and corporate human capacity with allowance for the existing underused human and labor potential. Methods. This study uses the methods of comprehensive analysis and synthesis of the assessment of investment in regional and corporate human capacity with the purpose of developing managerial solutions that would ensure rational reproduction of intellectual human capacity that enhances regional competitiveness. Results. The author points out that Russia is not devoting enough attention to the development of regional human capacity. Therefore, measures aimed at activating human capacity through human resources management at an enterprise become a priority. Conclusion. A comprehensive approach to human resources management in a region enhances corporate human capacity as a major factor of economic competitiveness of the region in which competitiveness determines the role and place in the national economic space.

The present study analyzes the forest industry cluster of the Tyumen Region in Siberia and proposes an approach to cluster analysis based on the development of a generic model. Aim. The study aims to compartmentalize and analyze the forestry industry using the methodology of generic cluster model formation. Tasks. To describe the current state of the forestry industry in the Tyumen region; to identify major corporate participants and compartmentalize them into the units of the generic cluster model; to develop a forest industry cluster of the Tyumen Region and to determine its strengths and weaknesses. Methods. This study uses the method of formation and analysis of a generic cluster model. Results. Based on the analysis of the companies in the forest industry of the Tyumen Region, four units are identified: cluster core, suppliers, consumers, and supporting infrastructure. These units are then used to build a generic cluster model, and its strengths and weaknesses are analyzed. Conclusion. A generic model of the forestry industry cluster of the Tyumen Region is developed. The four units comprising the model are analyzed. The strengths and weaknesses of the cluster are identified. The current state of the cluster is assessed.

The presented study summarizes over 20 years of research of productive power development in the Altai Territory in the first half of the 1990s. Aim. The study aims to provide insight into the economic reformation of the Altai Territory in the first half of the 1990s. Tasks. The authors present the major indicators of productive power development in the Altai Territory in the first half of the 1990s in a structured fashion, identify problems that arise during the implementation of economic reforms at the federal and regional levels, and show the effects of changes in the economic performance of the Territory on the regional social policy. Methods. This study uses general scientific methods of cognition to examine the economic indicators of productive power development in the Altai Territory in the first half of the 1990s, to identify trends in the current state and development of the implemented policy, and to determine its major directions. Results. Currently, the socio-economic development of the Altai Territory is largely determined by the problems of implementation of economic reforms in the first half of the 1990s. The level and problems of economic development in the Territory during the post-Soviet period has caused difficulties in overcoming the challenges of the transition period as well as their consequences. It is established that changes in the economic indicators of productive power development in the Altai Territory in the first half of the 1990s is a result of globalization of socio-economic relations and favorable changes in the social sphere. Conclusion. The changes in the economic indicators of productive power development that took place in the Altai Territory in the first half of the 1990s were oriented toward normalizing the life of the population and contributed to the solution of social problems.

The present study analyzes the existing practices of application of digital technology and smart systems in human resources management, namely, in recruitment. Aim. The study aims to analyze the existing practices of application of digital technology and smart systems in HR management, and to identify the positive effects and risks of such practices. Tasks. The authors analyze the list of smart systems used in recruitment, the status of companies that use them, and the feedback from experts. Also analyzed is the reasoning of companies that consider the application of digital technology and smart systems in recruitment to be an efficient practice. Methods. This study examines the application of digital technology and smart systems in recruitment through the analysis of available information sources, interviews of company representatives and experts. Results. The digital economy affects an increasingly wide range of practical solutions involved in the management of various aspects at the national and corporate level, as well as certain types of activity. Experts are looking for tools that may streamline corporate operations in terms of improving technological processes - increasing the speed of, and reducing the risks of, decisionmaking. Analysis of the digital technology and smart systems that are currently used in human resources management, namely in recruitment, shows that there are quite a few such tools (Stafory, Amazing Hiring, Clever Staff, Violars, etc.). That said, not all of these means can actually be considered smart systems; they are more like automation systems for certain processes. Nevertheless, this approach (digitalization of processes) is actively implemented in human resources management systems and generates interest among the expert community. Conclusion. Nowadays, the recruitment process can be streamlined through process automation, using artificial intelligence and big data. At the same time, analytical reviews show that, at least for now, robots and smart systems in recruitment can only perform generic tasks that do not affect any final decision regarding the candidate. Naturally, digitalization cannot be ignored in the context of the developing digital economy, but is necessary to consider the risks involved. The responsibility for every managerial decision should rest with a human being.

The present study examines the existing approaches to the interpretation of the nature of conceptual power, substantiates the methodology of a structural organization of conceptual management, and develops its model. Aim. The study aims to substantiate the structural organization of a conceptual management model. Tasks. The existing approaches to the interpretation of the nature of conceptual power are examined. The methodology of a structural organization within a conceptual management model is substantiated. A conceptual management model is developed, which is based on the interrelation and interdependence of the management concept, national ideology, progressive future concept, conceptual operation process, and conceptual operation matrix. Methods. This study substantiates the methodology of structural organization of a conceptual management model, which includes substantiation of its structural elements - conceptual and ideological power, managerial, national, and social ideology, the interaction of which lies at the heart of implementation of conceptual management - the management concept, national ideology, progressive future concept, conceptual operational process, conceptual operations matrix, and creates optimal conditions for achieving a dual result: formation of a rational social behavior paradigm and a framework that generates beneficial social activity. Results. A methodology of structural organization of a social lifestyle model based on the interaction of conceptual and ideological power, managerial, national, and social ideology. This methodology makes it possible to substantiate the structural organization of a conceptual management model, which includes the management concept, national ideology, progressive future concept, conceptual operational process, conceptual operations matrix aimed at the formation of a rational social behavior paradigm and a framework that generates beneficial social activity. The process of formation of rational social behavior and beneficial social activity is represented as a closed system. The driving force behind all processes within that cycle is national ideology, which affects the results of implementation of a progressive future concept. Conclusion. Examination of the existing interpretations of the nature of conceptual power makes it possible to substantiate the methodology of structural organization of a conceptual management model and to develop a corresponding model that functions through interaction between the managerial concept, a national ideology, a progressive future concept, a conceptual operation process, and a conceptual operation matrix, all of which facilitate the formation of a rational social behavior paradigm and a framework that generates beneficial social activity.

The present study substantiates the specific aspects of the economic and managerial components of business structures during their genesis and development. Aim. The study aims to substantiate the role of personal components in the development of business structures. Tasks. The authors develop an original approach to the role of personal components in the development of business structures; define the concept of “business structure;” classify the concept of “business structure” within each approach to the strategic theory of firm; identify and describe the component of the entrepreneur’s personality called “lateral entrepreneurial intention”. Methods. This study uses general scientific methods of cognition to examine the concept of “business structure” in various aspects in the contextual analysis of major trends in the development of the strategic theory of firm; it summarizes different approaches to the problem of the entrepreneur’s personality; it presents different views on the basic components of the entrepreneur’s personality in a structured fashion. Results. It is impossible to provide a modern interpretation of the concept of “business structure” without a new economically justified approach to the analysis of this concept - at each historical stage of development of the strategic theory of firm. There are a number of contradictory views on the personality of the entrepreneurial type. The basic component of the entrepreneur’s personality is his “lateral entrepreneurial intention”. Conclusion. Personal components serve as a basis for the integration of the entire business structure, since they affect the decision about the possible conception of a business structure itself, the form of its existence and operation, its meaning and ideology.

The present study examines the evolution of different forms of entrepreneurship in the context of rapid development of the digital technology and digital platforms. Aim. The study aims to expand on the role of entrepreneurship in conventional economic systems and analyze changes in the forms of entrepreneurship given the dramatic rise of digital platforms. Tasks. The author identifies major trends in the development of entrepreneurship in the context of digital platforms and the main benefits of conducting business on them. Methods. This study uses scientific analysis and synthesis of empirical data as well as a wide range of literary sources to examine the establishment and development of digital platforms as a new business environment. Results. The evolution of the role of entrepreneurship, and the forms of business, are continuously affected by technological factors. Rapid development of digital technology and formation of a broad, accessible digital infrastructure have created qualitatively new conditions for the expansion of the social base of entrepreneurship-primarily by making the most of the technological capacity of digital platforms. At the same time, the forms of interaction between labor and business change as labor relations take on more unrestricted and flexible forms, giving contractors the opportunity to work with multiple employers, free of any rigid forms of labor relations. Digital platforms also make it possible to significantly reduce transaction costs and many negative effects of information asymmetries. Conclusion. The author concludes that digital platforms significantly change the speed of economic processes and can ensure high decentralization of decision-making for consumers and manufacturers. In fact, a new type of economy is born, one that can function based on new architectural principles. In this regard, one may expect that the forms of entrepreneurship and business models will evolve, driven by the new opportunities offered by information and digital technology. Digital platforms are primarily oriented toward the services sector, but the manufacturing industry is most likely to undergo significant structural changes as the platforms develop.

The present study performs a comprehensive analysis of the economic performance of four transnational banks (two Chinese banks, one European, and one American bank) in 2014-2016 according to the CAMEL rating system. Aim. The study aims to provide recommendations for the development of Chinese commercial banks in the context of financial globalization. Tasks. The authors identify differences between Chinese, European, and American commercial banks in terms of capital adequacy, asset quality, management quality, profitability, and liquidity, and provide recommendations for the development of Chinese commercial banks. Methods. This study uses a comparative approach, financial analysis, and the CAMEL rating system to assess commercial banks. Results. The reliability and stability of transnational banks are assessed using the CAMEL rating system; the readiness of transnational banks for financial globalization is evaluated; recommendations for enhancing the competitiveness of Chinese commercial banks in the context of internationalization of the banking market are provided. Conclusion. As a result of the performed analysis and comparison of capital adequacy, asset quality, management quality, profitability, and liquidity, conclusions are drawn, recommendations for the development of Chinese commercial banks are provided, and ways of enhancing the internationalization of Chinese banks are determined.

The present study develops an innovative approach to the assessment of the economic efficiency of movie projects and calculation of their box-office potential using a model developed by using expert assessment and correlation analysis. Aim. The study aims to formulate and propose an innovative formula model as a tool for scientifically based a priori assessment of the quality of audiovisual projects at the stage of batch preparation and formation. Tasks. The authors substantiate the need for new scientific analytical approaches, describe the elements of the model, and analyze the attributes of a movie as a product, on which its economic efficiency in the form of box-office revenue largely depends. Methods. This study proposes using expert assessment as a basis for the development of an innovative model using correlation weighing coefficients. Their interrelation and degree of effect are determined based on a sample of 20 projects from 2017, each one randomly selected according to its genre, style, and marketing criteria with appropriate accounting for their box-office revenues. Results. After analyzing important qualitative and quantitative characteristics of a movie and ranking them according to the degree of their effect, the innovative model is reduced to accessible, easy-to-use formula. The developed model facilitates the process of managerial decision-making at the stage of project development, simplifies the selection of individual projects during the formation of a project batch for the considered period, and makes it possible to reduce the risks of project failure, thus providing producers with realistic data regarding the potential profitability of the project. Conclusion. In spite of the high accuracy of the practical results obtained during the approbation of the developed model, guaranteed parameters cannot be calculated due to the synthetic nature of cinema both as business and a specific art form.