RISKS AND RESERVES FOR ENSURING THE ECONOMIC SUSTAINABILITY OF A DIGITAL UNIVERSITY IN THE CONTEXT OF EDUCATIONAL TRANSFORMATION
Abstract
The article examines the economic sustainability of a digital university amid higher education transformation driven by digitization, globalization, and shifting stakeholder demands. Digital transformation requires both advanced technology adoption and rethinking financial management, resource mobilization, and stakeholder interaction. Sustainability is seen as a balance between stability and innovation. Risks identified include reduced autonomy, weak strategic management, lack of motivation, process fragmentation, HR, and reputation issues. Based on COSO, FERMA, and EUA data, risks are classified, with measures split into short- and long-term. Key conditions include systematic strategy, cost efficiency, resource attraction, structural flexibility, and a unified analytical platform. Proposed financial policy strategies: revenue growth, cost reduction, economic model transformation, and rational conservatism, ensuring competitiveness in the digital economy.
References
Karpliuk S. O. (2019). Osoblyvosti tsyfrovizatsii osvitnoho protsesu u vyshchii shkoli [Peculiarities of the digitalization of the educational process in higher education]. Informatsiino-tsyfrovyi osvitnii prostir Ukrainy: transformatsiini protsesy i perspektyvy rozvytku, pp. 188–197. (in Ukrainian)
Skliarenko O. V., Yahodzinskyi S. M., Nikolaievskyi O. Yu., Nevzorov A. V. (2024). Tsyfrovi interaktyvni tekhnolohii navchannia yak neviddiemna skladova suchasnoho osvitnoho protsesu [Digital interactive learning technologies as an integral part of the modern educational process]. Innovatsiina pedahohika, vol. 68, no. 2, pp. 51–55. DOI: https://doi.org/10.32782/2663-6085/2024/68.2.51 (in Ukrainian)
Khomenko O. O., Paustovska M. V., Onyshchuk I. A. (2024). Vplyv interaktyvnykh tekhnolohii na protses navchannia i rozvytok zdobuvachiv vyshchoi osvity [The influence of interactive technologies on the learning process and development of higher education students]. Naukovi innovatsii ta peredovi tekhnolohii, vol. 5, no. 33, pp. 1222–1231. DOI: https://doi.org/10.52058/2786-5274-2024-5(33)-1222-1231 (in Ukrainian)
Dushchenko O. (2021). Suchasnyi stan tsyfrovoi transformatsii osvity [The current state of digital transformation of education]. Fizyko-matematychna osvita, vol. 28, no. 2, pp. 40–45. DOI: https://doi.org/10.31110/2413-1571-2021-028-2-007 (accessed: 01.12.2024). (in Ukrainian)
Kozhyna A. (2022). Reducing poverty, inequality and social exclusion in European countries. Based on inclusive approaches to economic development. Economics and Management of the National Economy: The Crisis of National Models of Economic System, pp. 29–32. DOI: https://doi.org/10.30525/978-9934-26-269-2-7
Bobro N., Hyshchuk R., Strunhar A., Bukovskyi O., Alekseiko V. (2024). Exploring the role of AI in shaping future marketing strategies: evaluations and outlooks. Amazonia Investiga, vol. 13, no. 80, pp. 43–53. DOI: https://doi.org/10.34069/AI/2024.80.08.4
Williamson B., Eynon R., Potter J. (2020). Pandemic politics, pedagogies and practices: Digital technologies and distance education during the coronavirus emergency. Learning, Media and Technology, vol. 45, no. 2, pp. 107–114. DOI: https://doi.org/10.1080/17439884.2020.1761641
Verina N., Titko J. (2019). Digital transformation: Conceptual framework. In Contemporary Issues in Business, Management and Economics Engineering, pp. 719–727. DOI: https://doi.org/10.3846/cibmee.2019.073
Kubiv S. I., Bobro N. S., Lopushnyak G. S., Lenher Y. I., Kozhyna A. (2020). Innovative potential in European countries: Analytical and legal aspects. International Journal of Economics and Business Administration, vol. 8, no. 2, pp. 250–264. DOI: https://doi.org/10.35808/ijeba/457
Lopuschnyak H. N., Chala O., Poplavska O. (2021). Socio-economic determinants of the ecosystem of sustainable development of Ukraine. IOP Conference Series: Earth and Environmental Science, vol. 915, no. 1, pp. 1–9. DOI: https://doi.org/10.1088/1755-1315/915/1/012019
Bobro N. S. (2024). Tsyfrova platforma yak suchasna orhanizatsiina innovatsiia [Digital platform as a modern organizational innovation]. Investytsii: praktyka ta dosvid, no. 1, pp. 63–66. DOI: https://doi.org/10.32702/2306-6814.2024.1.63 (in Ukrainian)
Kortemeyer G., Dittmann-Domenichini N., Merki C. (2025). Attending lectures in person, hybrid or online at a technical university: how do students choose after the pandemic, and what about the outcome? Discover Education, vol. 4, no. 1, p. 94. DOI: https://doi.org/10.1007/s44217-025-00500-y
European University Association (EUA). (2022). Financially sustainable universities: Towards full costing in European universities. Brussels: EUA. Available at: https://eua.eu/resources/publications/1020:financially-sustainable-universities.html (accessed: 31.07.2025)
Committee of Sponsoring Organizations of the Treadway Commission (COSO). (2017). Enterprise risk management: Integrating with strategy and performance. Available at: https://www.coso.org/ (accessed: 31.07.2025)
Federation of European Risk Management Associations (FERMA). (2021). European Risk Manager Report. Available at: https://www.ferma.eu/publication/european-risk-manager-report-2021 (accessed: 31.07.2025)
Карплюк С.О. Особливості цифровізації освітнього процесу у вищій школі. Інформаційно-цифровий освітній простір України: трансформаційні процеси і перспективи розвитку: матеріали методологічного семінару НАПН України. 2019. С. 188–197.
Скляренко О.В., Ягодзінський С.М., Ніколаєвський О.Ю., Невзоров А.В. Цифрові інтерактивні технології навчання як невід’ємна складова сучасного освітнього процесу. Інноваційна педагогіка. 2024. № 68(2). С. 51–55. DOI: https://doi.org/10.32782/2663-6085/2024/68.2.51
Хоменко О.О., Паустовська М.В., Онищук І.А. Вплив інтерактивних технологій на процес навчання і розвиток здобувачів вищої освіти. Наукові інновації та передові технології. 2024. № 5(33). С. 1222–1231. DOI: https://doi.org/10.52058/2786-5274-2024-5(33)-1222-1231
Дущенко О. Сучасний стан цифрової трансформації освіти. Фізико-математична освіта. 2021. № 28(2). С. 40–45. DOI: https://doi.org/10.31110/2413-1571-2021-028-2-007 (дата звернення: 01.12.2024).
Kozhyna A. Reducing poverty, inequality and social exclusion in European countries. Based on inclusive approaches to economic development. Economics and Management of The National Economy, The Crisis of National Models of Economic System. 2022. С. 29–32. DOI: https://doi.org/10.30525/978-9934-26-269-2-7
Bobro N., Hyshchuk R., Strunhar A., Bukovskyi O., Alekseiko V. Exploring the role of AI in shaping future marketing strategies: evaluations and outlooks. Amazonia Investiga. 2024. Т. 13, № 80. С. 43–53. DOI: https://doi.org/10.34069/AI/2024.80.08.4
Williamson B., Eynon R., Potter J. Pandemic politics, pedagogies and practices: Digital technologies and distance education during the coronavirus emergency. Learning, Media and Technology. 2020. Т. 45, № 2. С. 107–114. DOI: https://doi.org/10.1080/17439884.2020.1761641
Verina N., Titko J. Digital transformation: conceptual framework. Contemporary Issues in Business, Management and Economics Engineering. 2019. С. 719–727. DOI: https://doi.org/10.3846/cibmee.2019.073
Kubiv S.I., Bobro N.S., Lopushnyak G.S., Lenher Y.I., Kozhyna A. Innovative potential in European countries: analytical and legal aspects. International Journal of Economics and Business Administration. 2020. Т. 8, № 2. С. 250–264. DOI: https://doi.org/10.35808/ijeba/457
Lopuschnyak H.N., Chala O., Poplavska O. Socio-economic determinants of the ecosystem of sustainable development of Ukraine. IOP Conference Series: Earth and Environmental Science. 2021. Т. 915, № 1. С. 1–9. DOI: https://doi.org/10.1088/1755-1315/915/1/012019
Бобро Н.С. Цифрова платформа як сучасна організаційна інновація. Інвестиції: практика та досвід. 2024. № 1. С. 63–66. DOI: https://doi.org/10.32702/2306-6814.2024.1.63
Kortemeyer G., Dittmann-Domenichini N., Merki C. Attending lectures in person, hybrid or online at a technical university: how do students choose after the pandemic, and what about the outcome? Discover Education. 2025. Т. 4, № 1. С. 94. DOI: https://doi.org/10.1007/s44217-025-00500-y
European University Association (EUA). Financially sustainable universities: Towards full costing in European universities. Brussels: EUA. 2022. URL: https://eua.eu/resources/publications/1020:financially-sustainable-universities.html (дата звернення: 31.07.2025).
Committee of Sponsoring Organizations of the Treadway Commission (COSO). Enterprise risk management: Integrating with strategy and performance. 2017. URL: https://www.coso.org/ (дата звернення: 31.07.2025).
Federation of European Risk Management Associations (FERMA). European Risk Manager Report. 2021. URL: https://www.ferma.eu/publication/european-risk-manager-report-2021 (дата звернення: 31.07.2025).