Information Openness as a Factor of Business Leadership in Today’s Digital Environment

Serhii Lyeonov; Oleksii Zakharkin; Yevhenii Okhrimchuk

doi:10.1007/978-3-031-28131-0_20

Information Openness as a Factor of Business Leadership in Today’s Digital Environment

Serhii Lyeonov
, Oleksii Zakharkin
, Yevhenii Okhrimchuk

Department of Applied Social Sciences (ROZ/ROZ2)

Sumy State University
The London Academy of Science and Business

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

10 Citations (Scopus)

Abstract

The study aims to determine the role of information openness in ensuring business leadership in the digital business environment. Based on the analysis of European and Ukrainian statistics on information openness of business, the main advantages of entrepreneurship from such transparency, and the obstacles that arise are identified. The data was generated from EU Open Data Portal, Corporate Governance Professional Association (CGPA), CSR Ukraine, and Center for International Private Enterprise (CIPE) for EU countries and Ukraine for 2019–2021. The findings allowed identification that today’s business is informationally open mainly due to the state policy of introducing transparent online services and procedures to ensure practical cooperation between the state and firm. However, the rating of information openness of the company itself shows that it remains low. The results of a comparative analysis of the level of transparency of large business enterprises in Europe and Ukraine demonstrate the need to ensure the practices of their transparency and openness to increase success in the context of digitization processes. The study showed that companies that implement the principles of transparency in business strategy improve their reputation, increase the loyalty of partners and consumers, and increase investment attractiveness.

Original language	English
Title of host publication	Leadership, Entrepreneurship and Sustainable Development Post COVID-19 - 2022 Prague Institute for Qualification Enhancement PRIZK International Leadership Conference
Editors	Wadim Strielkowski
Publisher	Springer Nature
Pages	287-300
Number of pages	14
ISBN (Print)	9783031281303
DOIs	https://doi.org/10.1007/978-3-031-28131-0_20
Publication status	Published - 2023
Event	8th International Leadership Conference on Novel Insights in the Leadership in Business and Economics After the COVID-19 Pandemic, NILBEC 2022 - Prague, Czech Republic Duration: 24 Jun 2022 → 25 Jun 2022

Publication series

Name	Springer Proceedings in Business and Economics
ISSN (Print)	2198-7246
ISSN (Electronic)	2198-7254

Conference

Conference	8th International Leadership Conference on Novel Insights in the Leadership in Business and Economics After the COVID-19 Pandemic, NILBEC 2022
Country/Territory	Czech Republic
City	Prague
Period	24/06/22 → 25/06/22

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 12 Responsible Consumption and Production

Keywords

Business leadership
Digital environment
Digitalization and transparency
Information openness

ASJC Scopus subject areas

General Business,Management and Accounting
General Economics,Econometrics and Finance

Access to Document

10.1007/978-3-031-28131-0_20

Cite this

Lyeonov, S., Zakharkin, O., & Okhrimchuk, Y. (2023). Information Openness as a Factor of Business Leadership in Today’s Digital Environment. In W. Strielkowski (Ed.), Leadership, Entrepreneurship and Sustainable Development Post COVID-19 - 2022 Prague Institute for Qualification Enhancement PRIZK International Leadership Conference (pp. 287-300). (Springer Proceedings in Business and Economics). Springer Nature. https://doi.org/10.1007/978-3-031-28131-0_20

Lyeonov, Serhii ; Zakharkin, Oleksii ; Okhrimchuk, Yevhenii. / Information Openness as a Factor of Business Leadership in Today’s Digital Environment. Leadership, Entrepreneurship and Sustainable Development Post COVID-19 - 2022 Prague Institute for Qualification Enhancement PRIZK International Leadership Conference. editor / Wadim Strielkowski. Springer Nature, 2023. pp. 287-300 (Springer Proceedings in Business and Economics).

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title = "Information Openness as a Factor of Business Leadership in Today{\textquoteright}s Digital Environment",

abstract = "The study aims to determine the role of information openness in ensuring business leadership in the digital business environment. Based on the analysis of European and Ukrainian statistics on information openness of business, the main advantages of entrepreneurship from such transparency, and the obstacles that arise are identified. The data was generated from EU Open Data Portal, Corporate Governance Professional Association (CGPA), CSR Ukraine, and Center for International Private Enterprise (CIPE) for EU countries and Ukraine for 2019–2021. The findings allowed identification that today{\textquoteright}s business is informationally open mainly due to the state policy of introducing transparent online services and procedures to ensure practical cooperation between the state and firm. However, the rating of information openness of the company itself shows that it remains low. The results of a comparative analysis of the level of transparency of large business enterprises in Europe and Ukraine demonstrate the need to ensure the practices of their transparency and openness to increase success in the context of digitization processes. The study showed that companies that implement the principles of transparency in business strategy improve their reputation, increase the loyalty of partners and consumers, and increase investment attractiveness.",

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Lyeonov, S, Zakharkin, O & Okhrimchuk, Y 2023, Information Openness as a Factor of Business Leadership in Today’s Digital Environment. in W Strielkowski (ed.), Leadership, Entrepreneurship and Sustainable Development Post COVID-19 - 2022 Prague Institute for Qualification Enhancement PRIZK International Leadership Conference. Springer Proceedings in Business and Economics, Springer Nature, pp. 287-300, 8th International Leadership Conference on Novel Insights in the Leadership in Business and Economics After the COVID-19 Pandemic, NILBEC 2022, Prague, Czech Republic, 24/06/22. https://doi.org/10.1007/978-3-031-28131-0_20

Information Openness as a Factor of Business Leadership in Today’s Digital Environment. / Lyeonov, Serhii; Zakharkin, Oleksii; Okhrimchuk, Yevhenii.
Leadership, Entrepreneurship and Sustainable Development Post COVID-19 - 2022 Prague Institute for Qualification Enhancement PRIZK International Leadership Conference. ed. / Wadim Strielkowski. Springer Nature, 2023. p. 287-300 (Springer Proceedings in Business and Economics).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

TY - GEN

T1 - Information Openness as a Factor of Business Leadership in Today’s Digital Environment

AU - Lyeonov, Serhii

AU - Zakharkin, Oleksii

AU - Okhrimchuk, Yevhenii

PY - 2023

Y1 - 2023

N2 - The study aims to determine the role of information openness in ensuring business leadership in the digital business environment. Based on the analysis of European and Ukrainian statistics on information openness of business, the main advantages of entrepreneurship from such transparency, and the obstacles that arise are identified. The data was generated from EU Open Data Portal, Corporate Governance Professional Association (CGPA), CSR Ukraine, and Center for International Private Enterprise (CIPE) for EU countries and Ukraine for 2019–2021. The findings allowed identification that today’s business is informationally open mainly due to the state policy of introducing transparent online services and procedures to ensure practical cooperation between the state and firm. However, the rating of information openness of the company itself shows that it remains low. The results of a comparative analysis of the level of transparency of large business enterprises in Europe and Ukraine demonstrate the need to ensure the practices of their transparency and openness to increase success in the context of digitization processes. The study showed that companies that implement the principles of transparency in business strategy improve their reputation, increase the loyalty of partners and consumers, and increase investment attractiveness.

AB - The study aims to determine the role of information openness in ensuring business leadership in the digital business environment. Based on the analysis of European and Ukrainian statistics on information openness of business, the main advantages of entrepreneurship from such transparency, and the obstacles that arise are identified. The data was generated from EU Open Data Portal, Corporate Governance Professional Association (CGPA), CSR Ukraine, and Center for International Private Enterprise (CIPE) for EU countries and Ukraine for 2019–2021. The findings allowed identification that today’s business is informationally open mainly due to the state policy of introducing transparent online services and procedures to ensure practical cooperation between the state and firm. However, the rating of information openness of the company itself shows that it remains low. The results of a comparative analysis of the level of transparency of large business enterprises in Europe and Ukraine demonstrate the need to ensure the practices of their transparency and openness to increase success in the context of digitization processes. The study showed that companies that implement the principles of transparency in business strategy improve their reputation, increase the loyalty of partners and consumers, and increase investment attractiveness.

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KW - Digital environment

KW - Digitalization and transparency

KW - Information openness

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SN - 9783031281303

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PB - Springer Nature

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Y2 - 24 June 2022 through 25 June 2022

ER -

Lyeonov S, Zakharkin O, Okhrimchuk Y. Information Openness as a Factor of Business Leadership in Today’s Digital Environment. In Strielkowski W, editor, Leadership, Entrepreneurship and Sustainable Development Post COVID-19 - 2022 Prague Institute for Qualification Enhancement PRIZK International Leadership Conference. Springer Nature. 2023. p. 287-300. (Springer Proceedings in Business and Economics). doi: 10.1007/978-3-031-28131-0_20

Information Openness as a Factor of Business Leadership in Today’s Digital Environment

Abstract

Publication series

Conference

UN SDGs

Keywords

ASJC Scopus subject areas

Access to Document

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