Specific Features of Formation of Value Creation Chains in Industry and Entrepreneurship in the Digital Economy

Abstract

The challenges of large-scale digitization and other achievements of Industry 4.0, the tendencies of their influence on modification of the existing value creation chains and formation and functioning of new value creation chains during production of industrial goods are studied. The global economic relations are peculiar for growth of protectionism, trade and economic opposition, and promotion of economic interests of different countries by political and military methods, which is considered to be a sign of formation of a new system of global production and exchange in the post-Keynesian concepts of the economic process. Significance of participation of national companies in the global value creation chains, which allow countries to optimize the structure of the payment balance, receive incomes in currency, and ensure technical and organizational development of their companies, grows. The authors determine specific barriers for Russian companies during implementation of digital technologies, which consist in absence of the need for creation of development strategies, unpreparedness of a sufficient number of specialists, vivid and sufficient measures of protection from cyber threats, and ideas of the moral and ethical character during human-machine interaction. Further studies on this topic should determine the factors of successfulness of participation of national companies in the global economic relations, for formation of an adequate competitive strategy, stimulation of growth of the indicators of import and export, production cooperation, and investment cooperation in top-priority directions of participation in the global value creation chains.