Login
Section Business and Economics

Reforming Economic Mechanisms in Leading Strategic Enterprises of Uzbekistan

Reformasi Mekanisme Ekonomi di Perusahaan Strategis Utama Uzbekistan
Vol. 10 No. 2 (2025): December:

Umarova Irodakhon Nuraliyevna (1)

(1) ALFRAGANUS UNIVERSITY, Lecturer of the Department of "Management and Marketing", Uzbekistan
Fulltext View | Download

Abstract:

General Background: Large enterprises in strategic sectors are pivotal for national economic growth, employment, and innovation. Specific Background: In Uzbekistan, despite ongoing reforms aimed at liberalization, privatization, and digital integration, these enterprises continue to rely on outdated, bureaucratic management models. Knowledge Gap: Existing global and local research offers valuable theoretical frameworks, but lacks practical applicability to Uzbekistan’s unique economic and sectoral characteristics, particularly in terms of digital readiness and human capital constraints. Aims: This study aims to develop a comprehensive and adaptable model for improving economic management mechanisms in dominant enterprises, integrating strategic planning, digital transformation, and resource optimization. Results: Empirical analysis revealed that sectors with advanced ERP and BI adoption, such as telecom and energy, achieved over 12% cost savings and up to 90% forecast accuracy. Conversely, sectors like agriculture and textiles lagged due to poor digital infrastructure. Novelty: The study combines benchmarking, sectoral data, and interdisciplinary insights to propose context-sensitive reforms, emphasizing digital systems integration, strategic flexibility, and corporate independence. Implications: The proposed model underscores the necessity of multidimensional reform-balancing economic efficiency, state policy alignment, and human capital development—to ensure sustainable, market-oriented enterprise transformation.


Highlights:




  • Modernization Imperative. Traditional bureaucratic management systems in large Uzbek enterprises are ineffective; intelligent, digital-compatible systems are urgently needed.




  • Digital and Human Capacity Gaps. Digital transformation is uneven across sectors; lack of skilled personnel hinders ERP/BI implementation and financial planning.




  • Policy and Responsibility Shift. Enterprise transformation should be aligned with national policy, emphasizing corporate independence, innovation, and social responsibility.




Keywords: Economic Mechanisms, Strategic Enterprises, Digital Transformation, Corporate Governance, Human Capital


 

Downloads

Download data is not yet available.

References

M. E. Porter, Competitive Advantage: Creating and Sustaining Superior Performance, New York, NY, USA: Free Press, 1985.

P. F. Drucker, Management Challenges for the 21st Century, New York, NY, USA: HarperBusiness, 1999.

A. D. Chandler, Strategy and Structure: Chapters in the History of the Industrial Enterprise, Cambridge, MA, USA: MIT Press, 1962.

A. K. Sen, Development as Freedom, Oxford, U.K.: Oxford Univ. Press, 1999.

J. E. Stiglitz, Globalization and Its Discontents, New York, NY, USA: W. W. Norton & Company, 2002.

J. R. Galbraith, Designing the Customer-Centric Organization: A Guide to Strategy, Structure, and Process, San Francisco, CA, USA: Jossey-Bass, 2005.

A. X. Khojakulov, “Innovative Approaches to the Modernization of Economic Sectors in Uzbekistan,” Journal of Economic Research, no. 2, pp. 45–56, 2020.

Sh. Haydarov, “Improving the Resource Management Mechanism in Large Industrial Enterprises,” Management and Economics, no. 4, pp. 33–40, 2019.

I. Juraev, “Issues of Strategic Management of Industrial Enterprises,” Problems of Economic Development, no. 3, pp. 18–26, 2018.

M. Aripov, “Problems of Introducing Digital Technologies in National Production,” Economy of Uzbekistan, no. 1, pp. 41–49, 2020.

J. Islamov and M. Abdullaev, “Modern Trends in the Development of Corporate Governance in Uzbekistan,” Problems of Economic Development, no. 1, pp. 24–31, 2021.

Organisation for Economic Co-operation and Development (OECD), Corporate Governance in Emerging Markets, Paris, France: OECD Publishing, 2019.

B. Al-Gamrh and T. Rasul, “Recession-Proof Marketing? Unraveling the Impact of Advertising Efficiency on Stock Volatility,” International Review of Financial Analysis, vol. 92, Art. no. 103087, 2024.

A. A. Alalwan, “Investigating the Impact of Social Media Advertising Features on Customer Purchase Intention,” International Journal of Information Management, vol. 42, pp. 65–77, 2018.

T. L. Andras and S. S. Srinivasan, “Advertising Intensity and R&D Intensity: Differences Across Industries and Their Impact on Firm’s Performance,” International Journal of Business and Economics, vol. 2, no. 2, pp. 81–90, 2003.

P. Aula, “Social Media, Reputation Risk and Ambient Publicity Management,” Strategy & Leadership, vol. 38, no. 6, pp. 43–49, 2010.