Improving The Business Model And Policies Of Mining Corporations

Abstract

The article discusses the problem of improving the business model and policy of mining corporations. It is shown that the new model should include the social and economic responsibility of business, risk management and innovation management aimed at adapting the enterprise to the results of scientific and technological development. It is determined that the new business model of corporations requires corresponding changes in state, sectoral and corporate industrial policy. It has been determined that the unclear terms and rates of recovery of economic activity in the industries that consume raw materials make it necessary to adjust the approaches and methods of strategic planning at enterprises. The study highlights the incentives and constraints in the organization of new enterprises in the extractive industry. It was determined that the new business model of mining enterprises should take into account economic, social and environmental constraints and ensure sustainable operation and development. Corporate industrial policy must necessarily include innovation policy and be correlated with the social and environmental policies of the corporation and the state. It is shown that the development of the ecosystem of mining enterprises, including social and economic infrastructure, determines the relationship of the corporation with the local community. The importance of proactive forecasting and strategic planning is revealed. Some mechanisms of industrial policy of corporations have been developed.