Methodology of forming and providing strategic economic interests of mining and metallurgical enterprises

Abstract

The research objective. The article aims to develop the methodology of forming and providing strategic economic interests of mining and metallurgical enterprises. Methodology. The research uses such general theoretical methods as generalization, explanation, and clustering to analyze economists’ and practitioners’ ideas about the research object and summarize the results of content analysis of primary sources; analysis and synthesis to justify a new conceptual approach to business analytics in evaluating and providing security of strategic economic interests of enterprises. Results. It is taken into account that over the next five to ten years, the global mining and metallurgical industry will fundamentally alter under the influence of global trends. It is defined that the level of security of strategic economic interests of enterprises is influenced by the growth of requirements to products and by the corresponding growth in demand for innovation; transformation of business models due to changes in raw materials availability and requirements to environmental sustainability of products. It is revealed that a number of market factors provoke a weak growth in demand for products of mining and metallurgical enterprises. Apart from that, market factors are accompanied by trends in the industrial policy of foreign countries providing for the implementation of systemic measures to develop entire industries and restrict imports. On this basis, the methodology of forming and providing strategic economic interests of mining and metallurgical enterprises that considers global trends is developed. The list of main trends, according to which mining and metallurgical sub-industry will develop, is substantiated. The influence of these trends on economic security of enterprises is determined. A set of indicators to assess security of strategic economic interests of enterprises for each of the identified trends is suggested. Practical importance. Business analytics of the security science is further developed in terms of substantiating a number of indicators reflecting the extent of mining and metallurgical enterprises’ readiness for future global trends: de-industrialization of the world economy, regional transformation of consumer demand, total digitalization of business processes, production decarbonization and carbon-free metallurgy. This managerial innovation allows implementing an integrated priority measures to ensure strategic alignment of resources and processes with future parameters of business environment to retain / achieve the desired level of economic security in the long run. Further research is devoted to improving the methodology of defining requirements of enterprise’s stakeholders to parameters of economic security that will define additional approaches to providing security of strategic economic interests at enterprises of mining and metallurgical complex.