Abstract
The article reflects some aspects of the authors’ research on issues related to the growth of mining companies. The authors analyzed the main approaches to assessing growth, revealed correlation dependencies between them, as well as factors of the industry and macroeconomic level. The study allows concluding that not all proposed models show the same dynamic trends, as a result, the authors proposed a reasonable choice of one of the models. The authors found that the important factors the development of which is necessary for the growth of companies and the mining industry as a whole are the restructuring of the business model, the transition to more active use of digital technologies and overcoming the effects of the pandemic. In addition, it is important for companies to maintain demand for their products, the achievement of which feasible through access to e- commerce sites and real-time trading.
Highlights
Recent decades have shown trends of a fundamental change in the economy
In accordance with SAP’s forecast for the development of mining industry, by 2025, in order to maintain a stable level of development, companies should switch to a business format that allows them to carry out activities in real time with a customer focus [1]
The authors revealed a tendency for feedback between profit growth and financial leverage (R = -0.5), which is explained by an increase in capital charges as a result of attracting additional external sources of financing
Summary
Integration processes, globalization, labor migration, significant technological breakdowns and the transition to a digital economy are changing the traditional structure of established business relationships and affect the growth rate of key macroeconomic indicators. In such conditions of the Russian mining industry, it becomes difficult to survive and compete with foreign companies. In accordance with SAP’s forecast for the development of mining industry, by 2025, in order to maintain a stable level of development, companies should switch to a business format that allows them to carry out activities in real time with a customer focus [1]
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