+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
Economic Analysis: Theory and Practice
 

Issues of evaluating the effectiveness of company's management in the context of Industry 4.0 and 5.0

ISSUE 7, JULY 2025

Received: 3 February 2025

Accepted: 14 May 2025

Available online: 15 July 2025

Subject Heading: MANAGERIAL ANALYSIS

JEL Classification: М15, M42

Pages: 163-178

https://doi.org/10.24891/sbusax

Liliya R. TUKTAROVA Samara State University of Economics (SSEU), Samara, Russian Federation
tuktarovalr@rambler.ru

https://orcid.org/0009-0002-3535-9235

Subject. The article addresses the assessment of company's management effectiveness in the context of digital transformation caused by the transition to Industry 4.0 and 5.0. Special attention is paid to the development of indicators for evaluating the effectiveness of management decisions at different stages of the company's digital maturity.
Objectives. The purpose is to develop recommendations for evaluating the effectiveness of management processes at enterprises in the context of the transition to Industry 4.0 and the initial stages of implementation of the Industry 5.0 concept.
Methods. The research includes the analysis, systematization, and comparative evaluation of the most commonly used approaches to assessing the effectiveness and efficiency of management decisions in the context of digitalization.
Results. The paper presents a system of indicators to assess management effectiveness at each stage of enterprise digitalization. At the initial stages of digital transformation, the focus is on operational and financial efficiency indicators; at the average level – on process flexibility and labor productivity; at the advanced stage, close to Industry 5.0, indicators of sustainability and social impact of business are highlighted. Recommendations are given on the application of these indicators, the choice of software, and the preparation of data for evaluation.
Conclusions. The developed recommendations and a system of indicators can be useful for companies at various stages of digitalization, striving to assess and control the effectiveness and efficiency of management decisions in the most reasonable and objective manner in modern conditions of technological development.

Keywords: management, digitalization, digital maturity, Industry 4.0, Industry 5.0

References:

  1. Demchenko V.K. [Model for assessing the effect of introducing digital technologies in enterprise management]. Gorizonty ekonomiki, 2024, no. 2, pp. 192–197. (In Russ.) EDN: CAPHPI
  2. Borchardt M., Pereira G.M., Milan G.S. et al. Industry 5.0 Beyond Technology: An Analysis Through the Lens of Business and Operations Management Literature. Organizacija, 2022, vol. 55, iss. 4, pp. 305–321. DOI: 10.2478/orga-2022-0020 EDN: WZNVCS
  3. Piccarozzi M., Silvestri L., Silvestri C., Ruggieri A. Roadmap to Industry 5.0: Enabling technologies, challenges, and opportunities towards a holistic definition in management studies. Technological Forecasting and Social Change, 2024, vol. 205, no. 123467. DOI: 10.1016/j.techfore.2024.123467 EDN: GSFFRR
  4. Naugol'nova I.A. [Organisation management: Evolution, innovation and building competitive advantage]. Kreativnaya ekonomika, 2023, vol. 17, no. 7, pp. 2419–2438. (In Russ.) DOI: 10.18334/ce.17.7.118248 EDN: JVAMDL
  5. Erp T., Carvalho N., Gerolamo M. et al. Industry 5.0: A new strategy framework for sustainability management and beyond. Journal of Cleaner Production, 2024, vol. 461, no. 142271. DOI: 10.1016/j.jclepro.2024.142271 EDN: QGJYRV
  6. Kochina S.K., Shchetinina E.D. [Criteria for the efficiency of enterprise management in the framework of digital transformation]. Vestnik universiteta, 2023, no. 4, pp. 15–23. (In Russ.) DOI: 10.26425/1816-4277-2023-4-15-23 EDN: BVFKLY
  7. Naugol'nova I.A. Metodologicheskie osnovy upravleniya zatratami na promyshlennykh predpriyatiyakh [Methodological foundations of cost management in industrial enterprises]. Moscow, KnoRus Publ., 2018, 142 p. EDN: VUOKDQ
  8. Soroka D.O., Gorkal'tsev V.S., Karlova T.V. [Assessing the digital maturity of an enterprise as an important factor in the digital transformation]. Avtomatizatsiya i modelirovanie v proektirovanii i upravlenii, 2023, no. 3, pp. 80–88. (In Russ.) DOI: 10.30987/2658-6436-2023-3-80-88 EDN: KUPZPR
  9. Belova E.Yu., Shevchenko M.O. [Transformation of enterprise management systems in the context of digitalization]. E-Management, 2023, vol. 6, no. 1, pp. 17–28. (In Russ.) DOI: 10.26425/2658-3445-2023-6-1-17-28 EDN: ZSCSEG
  10. Rakhimova B.Kh. [Trends for effective enterprise management in the conditions of digital transformation]. Konkurentosposobnost' v global'nom mire: ekonomika, nauka, tekhnologii, 2023, no. 10, pp. 247–250. (In Russ.) DOI: 10.55189/CGW.2023.101.10.001 EDN: ALTIBG
  11. Filatov S.D. [Digital transformation of the enterprise as a tool for increasing organization efficiency]. Gorizonty ekonomiki, 2024, no. 4, pp. 86–89. (In Russ.) EDN: EJHLDM
  12. Lugovskoi E.I. [Transformation of the organization’s management in the digital economy]. Putevoditel' predprinimatelya, 2023, vol. 16, no. 4, pp. 168–173. (In Russ.) DOI: 10.24182/2073-9885-2023-16-4-168-173 EDN: IYJJID
  13. Konovalova M.E., Abuzov A.Yu. [Theoretical aspects of studying financial capital]. Kreativnaya ekonomika, 2023, vol. 17, no. 4, pp. 1313–1332. (In Russ.) DOI: 10.18334/ce.17.4.117675 EDN: ILJBPO
  14. Naugol'nova I.A., Bazhutkina L.P. [The system of performance evaluation criteria of lean manufacturing]. Nauka i biznes: puti razvitiya, 2015, no. 2, pp. 108–114. (In Russ.) EDN: TUFCIP
  15. Kalyazina E.G. [The digital management model as a management tool for digital transformation]. Ekonomika, predprinimatel'stvo i pravo, 2024, vol. 14, no. 5, pp. 1787–1802. (In Russ.) DOI: 10.18334/epp.14.5.120852 EDN: PTLVIK

View all articles of issue

 

ISSN 2311-8725 (Online)
ISSN 2073-039X (Print)

Journal current issue

ISSUE 6
JUNE 2026

Archive

Видите ошибку в отчестве? Отключите перевод, это английская версия сайта!