The process of strategic investment decisions making in the context of regional production diversification requires a detailed analysis of factors that potentially affect the expected results. The model construction of cash flows generated by a project with strategic potential for the enterprise requires a detailed study of both internal technological characteristics that determine the potential results of its implementation and external factors. In the system for evaluating such characteristics, the risk of making an investment decision is important. If the internal characteristics lend themselves to relatively reliable estimates, then the external ones are often extremely uncertain. A factor that significantly reduces the uncertainty of internal corporate evaluations is the availability and consistent implementation of the company’s strategy - a document that is fully accessible to managers and inaccessible to competitors. At the same time, in order to reduce external uncertainty when choosing a region for implementing an investment project, the presence of a regional development strategy, its quality and degree of implementation becomes a significant factor. The article examines the impact of such strategic instruments on reducing the risk level of investment projects, provides arguments in favor of the need for the development and consistent implementation of regional strategies that form the basis for more accurate justification by investors of cash flows that vary depending on the regions of implementation. 

Introduction. The article is devoted to topical issues of development and transformation of industrial complexes and enterprises in the conditions of digital transformation of economic relations.

Data and methods. The article defines the distinctive trends of the digital economy: 1) exponential growth in the volume of digital innovation; 2) the nonlinearity of the processes of development of socio-economic systems; 3) the transition of companies to the platform type of functioning; 4) the use of new intelligent mechanisms to support management decision-making (including on the basis of technology «Big Data»); 5) the dominance of the network logic of interaction between enterprises and organizations; 6) the emergence of «free» digital assets (open-source software). The statistics and cases of digitalization of the largest international companies are analyzed. The necessity and expediency of institutional reforms in the domestic industry are substantiated. The means of research include the general-scientific and special methods, i.e. comparative analysis, synthesis, structuring and description, process and systems approaches.

Obtained results. The author defines the content of the process of transformation of industrial complexes in the digital economy. The algorithm of fundamental controlled changes in strategies, process design, functions, organizational structures, culture and system of institutions of industrial complexes in order to improve their efficiency and ensure integration into innovative value chains is proposed. The peculiarities of the process of transformation of industrial enterprises at the stages of transformation planning, as well as process-functional, structural, cultural and institutional changes are identified, substantiated and systematized.

Conclusion. The results of the research can be used as a theoretical and methodological basis for the implementation of the process of institutional transformation of industrial complexes and enterprises in the digital economy.

Nowadays, most enterprises around the world are in the process of transition to the concept of Industry 4.0.

First of all, they should choose the way/ways (concept/concepts) out of six concepts of Industry 4.0. In this article two of them were discussed: PLM and SMART Factory, because they are connected with the notion of «digital twin» (set of computer models, which allows to design virtually, test and optimize parts, products and processes or entire production systems), which is the basis for considering the definition of a «digital production system». By using «digital twin» the inextricable connection is created between material and virtual (digital) objects, which means «digital dualism», the usage of «digital twin» is impossible without understanding of this connection.

It is presented that «digital twin» is a way of optimization and material management of enterprise at the stage of manufacturing products. In this case, the basic software may be the production system MES. It has also been proved that in the transition to a new concept, the need to consider all the company’s business processes with their subsequent optimization becomes inevitable. The optimization process includes the following steps: planning, redesign, resource mobilization, testing, implementation, continuous improvement.

As examples of the successful use of the digital twin, the implementation of PJSC Gazprom Neft and Alstom is given, which confirms the need to move to the Industry 4.0 concept to reduce repair costs, reduce information time, reduce the number of defects, etc. 

According to the production activities of the Republic of Tatarstan, the importance of the petrochemical and chemical cluster in the sustainability of the regional economy is considered. The expediency of digital modeling based on the simplex method in the theory of regional economics as the development of the W. Aizard spatial analysis school is introduced. a certain group of close industrial, commercial or other ties. The article shows a new economic and mathematical approach to comparing exports of plastics and their products, synthetic rubber and tires on the one hand, and imports of plastics and products from them, essential oils, perfumery, cosmetics and organic compounds on the other.

On the basis of the same economic-mathematical method, a digital model of communication of the above-mentioned types of industrial activity is presented with the distribution of foreign investment by petrochemical and chemical types of eco-nomic activity of the Republic of Tatarstan. On her example, a proposal was developed on the possibility of forming a conclusion about the sustainability of a regional economic system with a high value of petrochemical cluster.

Digital modeling is currently developing very productively. This is due to the high development of software, which is being formed in the form of software packages. The use of such packages improves simulation performance and at the same time simplifies it. The advantages of digital modeling methods are the ability to solve any class of problems amenable to mathematical formalization, ensure high accuracy of computational work, ease of transforming one task into another (as a rule, just restart the program) and study objects of high dimensionality. 

The relevance of the article is due to the fact that the issues of technological readiness of industrial systems to open innovation models have not yet been fully resolved and require further study and systematization of their determining factors, which is especially important in the context of transition to a new technological structure and the use of opening technological windows. The solution of these problems will allow us to identify new opportunities for qualitative and quantitative growth of the industry by improving the targeting of innovations. The purpose of the article is to determine the functional dependence of the technological readiness index and the opening of technological windows of opportunities for increasing the efficiency of industry. As the main research methods, the article used the description method, which made it possible to identify the trends of the technological readiness index in countries of the world; the method of correlation analysis, which allowed to establish the closeness of the relationship between the technological readiness index and indicators of state support for innovation in production. The article discusses issues of increasing production efficiency in the framework of the open innovation model. The interrelation between the technological readiness index and the indicators of the quality of state institutions, which characterize the level of support for innovation in industry in the countries of the world, is revealed. The materials of the article can be used in the development of strategies and programs for improving production efficiency in the Russian economy, taking into account the opening of technological windows of opportunity and the technological readiness of production for innovative transformations.

Article is devoted to questions of economic security of industrial enterprises. The increasing value of this concept at the present stage of development of economy is noted. The system from several groups of economic indicators, evaluation criteria and limits of economic security by the chosen criteria is considered. The role of the coal industry in economy of Vietnam and the prospect of its development is considered. It is noted that almost all coal mining in the country is controlled by the state coal and mineralogical corporation Vinacomin. Assessment of current state of economic security of the coal-mining enterprises of the Vinacomin company is executed and some solutions for increase in economic security of the considered enterprises are proposed.

The process of globalization has an impact on all spheres of national economics' development. Strategic trends in the active implementation and realization of innovative solutions are reflected in the global financial system. Modern enterprises regardless of industry implement a digital high-tech transformation strategy. Digital transformation doesn't mean only technological changes in the enterprises' activities. A fundamental factor in the process of strategic transformation is a change in vision, thinking, and organizational culture. Organizations and enterprises need to respond in a timely manner to changes in strategic trends and effectively use their competitive advantages. Technological transformation leads to an acceleration of business activity, reduction in operating costs and in the time and barriers for companies to enter new markets, and also allows satisfying customer needs at a higher level. The article analyzes the global strategic trends in the development of global financial systems, and also reveals features of the development of the financial industry in the context of technological transformation.

Regional and industry trends are also being evaluated. The analysis of the introduction of innovative technologies in the financial system of Russia is carried out. In the course of the study, the author comes to the result that the global financial system is characterized by the active introduction of technology and innovation.

Assessment of the state of the region's socially oriented infrastructure is important for proper planning of its development and for making management decisions in this area. The sequence of assessment of the socially-oriented infrastructure of the region is proposed to be carried out in stages. At the first stage, the choice of assessment methodology is carried out, which will allow to give a comprehensive description of this type of infrastructure support and its components. It seems appropriate to use the method of integral assessment with the subsequent formation of a regional rating based on the resulting complex indicator (index). At the next stage of assessment, the issue of forming a system of assessment indicators is decided. It is proposed to investigate eight blocks of indicators characterizing the security of the region with various objects of socially-oriented infrastructure. These include health care, education, sports, tourism, culture, utilities, transport, trade and public catering. Next is the collection of statistical data, their processing, the calculation of private integral indicators in the context of eight blocks. The final stage consists in the evaluation and interpretation of a complex integral indicator. The developed method allows not only to determine the level of development of the socially-oriented infrastructure of the region, but also to identify weak and strong places during its formation, to determine further development guidelines in the areas of priority for each specific subject.

The authors proposed an algorithm for calculating the integral level of investment cooperation between subjects of the North-Caucasian Federal District, in general, and North Ossetia-Alania, in particular. The study was based on the general methodological principles of dialectical and structural-functional analysis. We used both general theoretical methods: grouping and classification, a systematic approach, and empirical methods: observation, comparison. The article provides a comparative analysis of the sectors that were of the greatest interest for investment in 2018 and the sectors indicated as priority in investment strategies; sectors that form the basis of the region's socially-oriented infrastructure are identified and analyzed.

The results of the study are to identify the private and integral ratings of the investment potential of the subjects of the North Caucasus Federal District. The indicators that have the greatest impact on the investment attractiveness of the regions of the North Caucasus Federal District are analyzed. The calculation of clustering indicators of the types of economic activity in the studied regions was carried out, and the coefficients of the impact of these types of activities on the economy in the subjects of the North Caucasus Federal District were identified. Special attention is paid to the promising areas of development of the Republic of North Ossetia-Alania, namely: transport and logistics and energy complexes, mining and scientific and innovative activities. The main competitive advantages of selected industries that can have a significant impact on improving the socio-economic situation of RNO-Alania are identified.

Subject/subject. The national economic system of Russia in general substantially depends on readiness of the innovative sector to participate in global production. The control system of intangible assets in Russia represents the certain structure needing legislative support today. The world practice demonstrates efficiency of such cooperation. However so far in Russia the methodological base of development and reproduction of objects of non-material character is not created, as represents a subject of discussions.

Purposes/tasks. The purpose of the present article is the analysis and identification of the factors influencing rather low level of objects of non-material character in structure of balance of the enterprises.

The purpose caused need of the solution of the following tasks:

1.      To carry out the analysis of a share of intangible assets in structure of accounting reports of large enterprises of the Russian Federation.

2.      To describe advantages of increase in volume of intangible assets in structure of balance of the enterprises;

3.      To create recommendations about increase in a share of intangible assets in structure of balance. Methodology. In article modern methods and tools of the complex analysis on the basis of systematization and structuring thematic material were used. So, dynamics of a share of intangible assets in structure of accounting reports of large enterprises of the Russian Federation and Republic of Tatarstan in 2017 which emphasizes relevance of the chosen research subject is presented in article.

Results. Conclusions and recommendations concerning increase in intangible assets in structure of balance which, undoubtedly, will be reflected in financial performance of activity of the enterprises became result of the conducted research.

Conclusions/importance. The significance of this article is determined by the results of studies that can be used in the practical activities of enterprises.

The integration of the conceptual foundations of corporate social responsibility (CSR) into the business development strategy and the improvement of its implementation tools is becoming a trend. The purpose of the study is a theoretical justification and description of the established practices in the formation of the social sphere of large business structures in the energy sector of the Republic of Tatarstan. Object of study - JSC «Tatenergo». Research methods: desk study (review of foreign and domestic experience in the implementation of CSR); analysis of the social sphere of JSC «Tatenergo» with a description of: positioning; principles; practices (directions) in assessing the forms of CSR implementation with identification of types of CSR. The empirical base of the study is the official website of OA Tatenergo, section “Social sphere”. Conclusions and recommendations: internal CSR prevails in the implementation of CSR of JSC «Tatenergo»; growth points are justified in the context of the concept of “sustainable development”: development of a mission, vision, CSR strategy; highlighting corporate development institutions - a responsible functional structural unit; development of external CSR.

We consider the author’s method of quantitative assessment of the work of managers using the indicator of the quality of labor of a manager (IQLM). The relevance of this methodology for a reasonable and non-emotional evaluation of the work of managers at any level is shown. Especially in the conditions of dominance of specific competencies, which are due to the influence of administrative management methods and authoritarian model of leadership. The algorithm for the preparation and calculation of IQLM values for any manager on the basis of the work results for the reporting period is described. The calculated IQLM values of all managers can be used to make management decisions on management personnel, or for self-control by managers of their work. Ultimately, IQLM is a new tool for targeting managers to the goals and objectives of the organization.

Currently, when planning and monitoring the implementation of the development strategy of the Russian oil industry, several target indicators are used in the areas of industry development. The presence of several indicators related to various tactical tasks of the development of the oil industry, with the limited capabilities of the decision maker, does not allow to generalize these data without the use of special tools. These reasons make it necessary to use an integrated indicator in the strategic management of the Russian oil industry, which will allow us to assess the dynamics of the complex state of the Russian oil industry in time, as well as conduct international comparisons. The paper proposes a methodology for evaluating such an integral indicator using methods of hierarchy analysis, a weighted sum of criteria, cluster analysis and the Delphi method. The integral indicator is a synthetic indicator obtained by collapsing the local indicators of the oil industry (quantitatively characterizing the degree of solution of tactical tasks), taking into account the weights of these indicators, as well as the significance of tactical tasks relative to the strategic goal. To evaluate the weight of the criteria system, the hierarchy analysis method is used. The folding of the criteria system is carried out using the method of weighted sum of criteria. Target values of local indicators are estimated using cluster analysis and the Delphi method.